Logistics (MENA) 
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The logistics giant will invest some USD 250 mn to upgrade the port, with plans to potentially boost investments to USD 1 bn during the concession period
Author Archives: enterpriseam admin
Posted inZones
Mawani + SGP to build SAR 1 bn logistics park in King Abdulaziz Port
The park will include warehouses and yards equipped to store dry and refrigerated goods
Posted inZones
DP World lines up new freezone + terminal expansion at Cochin
The company has inked two MoUs laying the groundwork for the next phase of capability and capacity expansion at the port
Posted inLogistics Handling
IDG + SSSC to establish, operate, manage Beni Suef dry port in Egypt
IDG has submitted an expression of interest and is currently carrying out a feasibility study for the project
Posted inM&A Watch
DP World acquires automotive logistics solutions provider CFR Rinkens
The California-based logistics player is an expert in the transport of automotive vehicles and energy storage
Posted inDisruption Watch
The impacts of Israel’s war on Gaza on shipping, as it enters its third week
The Strait of Hormuz could be subject to more Iranian attacks if the US tightens Iranian sanctions, while shipping and logistics firms grapple with disruptions
Posted inM&A Watch
Brooge hires Freshfield as legal advisor on potential Gulfnav acquisition
Gulfnav is still conducting due diligence on the company, but expects to close the acquisition in 1Q 2024
Posted inStartup Watch
Sustainable mobility startup Neo Mobility launches operations in UAE following USD 10 mn seed funding round
The startup is looking to expand its electric motorbike fleet to 5k by 2025
Posted inDiplomacy
China looks to boost trade + economic ties with Egypt and the GCC. PLUS: Kazakhstan, UAE to boost trade
Egypt + China look to boost economic ties: Egyptian Prime Minister Mostafa Madbouly met with Chairman of the Standing Committee of China Zhao Leji and other high-level Chinese officials to discuss strengthening economic relations between the two countries, according to a statement. The meeting took place on the first day of the Belt and Road […]