Adnoc finalizes Navig8 acquisition for USD 1.04 bn

1

What we're tracking today

TODAY: Adnoc finalizes Navig8 acquisition + UAE’s Adia invests in Indian airport operator GMR

Good morning, folks. The week has finally come to an end, and we’re slipping into the weekend with some M&A and investment news from the UAE along with a couple of updates from Egypt’s trade and maritime front.

WATCH THIS SPACE-

#1- Egypt sets its sights on the European gas market: Egypt is set to re-export Cypriot gas shipments to Europe after they are treated at Egyptian liquefaction stations, President Abdel-Fattah El-Sisi said in a speech (watch, runtime: 18:35).

Sound familiar? French energy company TotalEnergies announced in September plans to potentially supply gas from its fields in Cyprus to Egypt for liquefaction and re-export as LNG or to be fed directly into the grid. Egypt and Cyprus also took “serious steps” the same month to reach an agreement to build a 90-km marine natural gas pipeline to connect the two countries.

#2- UAE, Malaysia could finalize trade agreement next week: Malaysia plans to sign a trade agreement with the UAE next week, Malaysia’s Investment, Trade and Industry Minister Tengku Zafrul Aziz told Asharq Business. UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi concluded negotiations with Aziz in October regarding an economic partnership between the two countries. The agreement aims to eliminate or reduce tariffs, decrease trade barriers, and boost mutual investments.

#4- Pressure from Iran sanctions expected to boost tanker earnings: Recent efforts to strengthen sanctions on Iranian and Russian oil exports are expected to boost earnings for crude-carrying vessels, Frontline Management CEO Lars Barstad told Bloomberg on Tuesday. Efforts by ports in China's Shandong province to refuse ships under sanctions could have a substantial effect on trade flows, Barstad added.

The context: China’s Shandong Port Group wants to ban US sanctioned ships coming from Iran, Russia, and Venezuela from docking in its ports in the eastern Chinese province, Reuters reports, citing unnamed traders. If the ban is fully enforced, it would increase shipping costs for independent refiners in Shandong, who are the main buyers of the discounted sanctioned crude from the three countries.

Iran wants its oil back: Iran is pushing to retrieve 25 mn barrels of oil, worth USD 1.75 bn in today’s prices, stranded in Chinese ports for the past six years due to sanctions imposed by Donald Trump, Reuters reports, citing sources familiar with the matter.

The details: The stranded oil was delivered to leased tanks in the ports of Dalian and Zhouzhan in eastern China back in October 2018, by the National Iranian Oil Company (NIOC), the newswire writes. The waivers granted by Trump for the delivery were canceled in 2019, and the oil was not bought or cleared by Chinese customs and remained in the leased tasks. PDA Energy, which runs oil tanks in Dalian, has asked Iran to pay more than USD 450 mn in storage fees accumulated since 2018.

#5- EU gears up for Trump’s trade war: The EU’s new industry chief indicated that the bloc is ready to deploy both defensive and offensive measures if incoming US President Donald Trump goes forward with his tariff threats, noting “the end of European complacency” in defending its firms, Bloomberg reports. EU industry chief Stephane Sejourne said he hopes to persuade Trump that a trade war would be harmful for all parties, indicating that the EU is home to over 450 mn consumers.

The offensive has been in the works: The EU was weighing options back in November to appease Trump as it braces for US tariffs and other trade threats as well as difficult discussions on how to handle China.

REMEMBER- Trump has warned that the EU would have to “pay a big price” for not buying enough American exports. A second US presidential term for Trump could also usher in a 10% tariff on all imports into the US and a 50% tariff on goods from top trading partner China. The tariffs would likely spark retaliation from US trading partners — even political allies such as countries in Europe, Japan, South Korea, and India — who could place tariffs of their own on US imports.

MARKET WATCH-

#1- Oil prices dipped for the second day in early morning trade on the back of a buildup in US inventories, Reuters reports. Brent crude futures fell USD 0.08 to USD 76.08 a barrel by GMT 04.09, while US West Texas Intermediate (WTI) lost USD 0.11 to USD 73.21 a barrel. Both benchmarks lost nearly 0.1% from the previous session.

#2- Baltic index hits its lowest point since July 2023: The Baltic Exchange’s dry bulk sea freight index — which tracks rates for the capesize, panamax, and supramax vessel segments — fell 4.8% to 966 points on Wednesday. The capesize index decreased 118 points to 1,100, while the panamax index dropped 24 points to 1,037. The smaller supramax index shed 10 points to 846.

#3- The size of Saudi Arabia’s freight and logistics market reached USD 55.3 bn in 2024 and is set to hit USD 84.6 bn in revenues by 2033, according to market researcher IMARC Group. The kingdom’s position as a regional trade hub is a driver behind the growth, with the expansion of e-commerce fueling demand for durable and protective packaging options. Cross-border trade and the need for temperature-sensitive packaging in industries such as food and pharma equipment continue to broaden the market’s scope and offerings.

#4- Shell cautions of decline in LNG and oil trading for 4Q 2024: Shell revised down its LNG production forecast for 4Q 2024 yesterday and said its oil and gas trading results are anticipated to be considerably lower compared to 3Q 2024, Reuters reports. The world's leading oil and gas companies experienced a drop in earnings throughout 2024, following record earnings in the past two years, as energy prices stabilized and global oil demand weakened.

The forecast: The company revised its 4Q LNG production forecast to 6.8-7.2 mn metric tons, down from the earlier estimate of 6.9-7.5 mn tons, attributing the reduction to lower feedgas deliveries to liquefaction facilities and a decrease in cargo shipments. Trading in its chemicals and oil products division is also projected to be considerably lower compared to the previous quarter due to reduced seasonal demand.

DATA POINT-

The Iraqi Port Authority has reported an 11.6% increase in ships berthing at Umm Qasr North Port in 2024, reaching some 1.3k ships, according to a statement. The number of imported containers reached approximately 510k units, an increase of approximately 14.86%, while exported containers totaled 452k, an increase of 10.78%.

***YOU’RE READING EnterpriseAM Logistics, the essential MENA publication for senior execs who care about the industry that connects producers and retailers to global markets. We’re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.

EnterpriseAM Logistics is available without charge thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.

Were you forwarded this email? Tap or click here to get your own copy of Enterprise Logistics.

Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on logistics@enterprisemea.com.

DID YOU KNOW that we also cover Egypt, Saudi Arabia, the UAE, and the MENA climate industry ?
***

CIRCLE YOUR CALENDAR-

Belgium will host the World Cargo Summit from Monday, 27 January to Wednesday, 29 January in Ostend. The event will focus on air cargo economics, strategy, and market trends with a specific focus on how the industry will tackle disruptions and how firms can adapt their business models.

The UAE will host the ShipTek International Conference from Wednesday, 29 January to Thursday 30 January in Dubai. The two-day conference will gather industry experts, including managing director at Hapag-Lloyd Carolin Stumm, CEO Adani Ports Nicolai Friis, VP International Maritime Industries Justin Taylor, CEO Tristra Tim Coffin, and others to discuss new tech and developments in the maritime industry.

The UAE will host the Middle East Bunkering Convention from Monday, 3 February to Wednesday, 5 February in Dubai. The event will focus on the marine fuels sector to address the future of the industry in light of geopolitical issues, environmental regulation, and the future of artificial intelligence and digitalization.

Saudi Arabia will host the Airport Expansion Conference from Tuesday, 4 February to Wednesday, 5 February in Riyadh. The two-day conference will feature over 30 speakers to discuss challenges faced by Saudi Airports and highlight Saudi Arabia’s Vision 2030 with a clear focus on expansion, tech, and strategic partnerships.

The UAE will host the Middle East Breakbulk Conference from Monday, 10 February to Tuesday, 11 February in Dubai. The event gathers giant manufacturers, EPCs, and service providers to discuss the latest solutions in breakbulk and heavy-lift logistics across the Middle East and Africa. The two-day event features an artificial intelligence (AI) seminar, heavy lift workshop, chartering workshop, and a women in breakbulk panel.

Check out our full calendar at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.

Adnoc L&S finalizes acquisition of Navig8 in USD 1.04 bn transaction

Adnoc closes Navig8 acquisition, secures more funding for investments: Adnoc L&S has finalized its acquisition of an 80% stake in Navig8 in a USD 1.04 bn transaction, with a contractual agreement to acquire the remaining 20% in mid-2027 for between USD 335 mn and USD 450 mn, according to a press release (pdf). The remaining 20% is contingent on EBITDA delivery ad-interim, payable at that time, the statement added.

Adnoc’s logistics arm also inked a USD 1.1 bn to USD 2 bn hybrid capital instrument (HCI) to fund its investments, with nearly USD 1 bn of the HCI used to fund the acquisition of Navig8, according to a separate press release (pdf). That first drawdown bears an all-in pricing below the Secured Overnight Financing Rate (SOFR) plus 150 basis points. The remaining USD 900 mn will be available to be drawn by 31 December 2026 to fund new — and previously announced — investments.

ADVISORS- The facility was arranged and led by Societe Generale, with participation from Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Crédit Agricole Corporate and Investment Bank, BBVA and DBS Bank.

A boon for Adnoc L&S: The first full financial year following the acquisition is expected to see a minimum 20% boost to Adnoc L&S’ earnings per share in 2025, the statement said. The acquisition will also boost Adnoc L&S’ services portfolio to include bunker trading, pooling, and other services, and expand its footprint to Navig8’s 15 global locations. The acquisition is also expected to save Adnoc L&S some USD 100 mn per year in technical management costs and costs associated with bunkering operations.

REMEMBER- The European Commission approved Adnoc L&S’ acquisition of an 80% stake in Navig8 back in December and its subsidiary Integr8 for USD 1 bn, with a deferred payment for the remaining 20% in 2027.

The Abu Dhabi Investment Authority invests in Indian airport operator GMR Group

Adia invests in GMR Group: The Abu Dhabi Investment Authority’s (Adia) completed its INR 63 bn (c. USD 733.4 mn) debt investment in Indian infrastructure firm and airport operator GMR Group, the firm said in a filing (pdf) on the Indian stock exchange. The investment comes in the form of optionally convertible debentures, which can be converted into equity based on specific conditions later down the line.

ICYMI- Adia received the greenlight from India’s competition watchdog for the debt subscription last month as GMR Group looks to refinance its external debt — which reached INR 44.8 bn (c. USD 532.5 mn) as of December — and reduce pledged shareholding in its airport business. The transaction saw a GMR Group special purpose vehicle acquire a 9% stake in GMR’s airport unit GMR Airports, in order to pledge it to Adia to secure its subscription, the company said in a previous filing.

IN OTHER ADIA UPDATES-

Adia consortium closes in on Malaysia Airports privatization: A consortium comprising Abu Dhabi Investment Authority (Adia), Global Infrastructure Partners (GIP), Khazanah Nasional Berhad, Malaysia’s Employees Provident Fund (EPF), and BlackRock secured an 84.1% stake in Malaysia Airports, Reuters reports. The group is advancing towards the 90% threshold required for privatization, after its stake rose to 70.08% earlier this week, up from 40.85% in December. The deadline for shareholder acceptance was recently extended to 17 January from the original deadline of 8 January.

REFRESHER- The consortium made an offer in May 2024 to acquire shares in Malaysia Airports at RM 11 each, valuing it at RM 18.4 bn (USD 4.1 bn). In November, the consortium submitted the formal conditional offer proposing that Adia and GIP acquire a 30% stake in Malaysia Airports, while the two Malaysian investors would collectively hold 70%. The consortium plans to upgrade infrastructure, enhance connectivity, and improve services, stating that privatization would better support these objectives.

Egypt + Jordan reportedly finalize talks on LNG import agreement

Egypt and Jordan have reportedly completed negotiations on gas allocation from the countries’ two shared regasification vessels, Al Borsa reports, citing a government source it says has knowledge of the matter. The agreement is expected to be inked by May 2025 to ensure the continued operation of the gasification plant in Jordan's Aqaba and its transfer to Egypt's Ain Sokhna, the source added. Egypt has provided facilities to Jordan, including exempting it from rental and operating costs and securing its gas needs at discounted prices, the source added.

What does the agreement entail? Jordan is set to receive 350 mn cubic feet of gas per day — equivalent to 25% of the vessels’ total capacity. The ships are expected to be able to gasify 850 mn and 1.2 bn cubic feet of LNG per day, according to the source. The agreement is also said to include a contingency plan for when both countries require gas at the same time.

REFRESHER- The LNG regasification unit docked in Jordan was reported to be heading to Egypt’s Ain Sokhna last month following an agreement to lease a unit between US-based New Fortress Energy and Egyptian Natural Gas Holding Company (EGAS) starting in 2H 2025.

Egypt and Oman to expand ties in maritime transportation and ports

Egypt + Oman boost maritime ties: Egypt’s cabinet approved a draft agreement to expand cooperation with Oman in maritime transportation and ports, according to a statement. The agreement, initially inked by the pair in 2022, aims to expand trade ties by bolstering maritime relations and removing potential obstacles that impact transport and logistics. The two sides will also exchange knowledge and experience in ship management, operation, maintenance, and repair.

It doesn’t stop there: The pair have also expressed interest in exploring potential cooperation between Oman’s Duqm and Salalah port and Egypt’s Alexandria and Ain Sokhna ports, according to a statement.

AD Ports Group earns 15 international recognitions from EFQM

AD Ports Group earns 15 international recognitions from EFQM: AD Ports Group has been awarded 15 international accolades by the European Foundation for Quality Management (EFQM), according to a statement. AD Ports Group has become the first global organization to carry out an integrated EFQM assessment across 15 entities simultaneously. This evaluation covers five business clusters, five subsidiaries, and five corporate support units within the Group.

Heaps of updates on all things logistics from UAE, Oman, and Qatar

INVESTMENT WATCH-

ADIB Capital launches European logistics-focused fund: Abu Dhabi Islamic Bank’s (ADIB) asset management arm ADIB Capital launched a new Sharia-compliant investment vehicle for logistics assets across Germany and Western Europe, according to a press release. The ADIB European Logistics Fund I will focus on ESG-compliant logistics infrastructure, including warehouses. The size of the fund was not disclosed.

CARGO-

Oman delivers LNG cargo to Shell: Oman LNG has delivered the first LNG cargo from its facility in the Omani city of Sur to Shell under their new long-term agreement, Muscat Daily reported on Tuesday. The size of the delivered cargo has not been disclosed.

What they said: “We are embarking on a 10-year concession extension with market leaders in LNG and energy. Our growth is aligned with Oman’s vision and adapted to the evolving global energy market demands,” Oman LNG CEO Hamad al Naamany said.

Oman LNG has been on a roll: Oman’s Energy and Minerals Ministry announced in July 2024 the building of a new liquefied natural gas (LNG) rail connection at the Qalhat Industrial Complex in South Sharqiyah to boost Oman’s LNG production to 15.2 m metric tonnes per year.

AVIATION-

Iraq’s Nasiriyah International Airport is over 76% complete, according to a statement. The construction effort, involving 450 workers and over 120 operational vehicles, is progressing steadily toward its scheduled deadlines. The airport’s infrastructure includes a fuel station, a water desalination plant, a power station, and a large civil defense center.

ICYMI- In May, Iraq’s Transport Ministry announced that the Nasiriyah International Airport project is set for completion in 2025.

FREIGHT FORWARDING-

#1- FedEx launches new e-commerce service in UAE + KSA: FedEx has launched its International Connect Plus service, designed for e-commerce shipments weighing up to 20 km, in the UAE and Saudi Arabia, according to a press release. The customs-cleared service guarantees delivery on a specific day, connecting e-commerce businesses to their customers in three to four business days.

#2- Aramex adds electric trucks to its fleet: Aramex deployed the first commercial electric trucks in the UAE in partnership with Admiral Mobility, adding a fleet of eight-ton Farizon electric trucks, according to a press release. Aramex previously added e-bikes and electric vans to its last-mile delivery fleet in the UAE in a bid to make 98% of its fleet EVs by 2030.

SHIPPING + MARITIME-

#1- Qatar Navigation (Milaha) has launched its new weekly Short Sea Med service, MTX 2, according to a statement. The service, launched on 2 January, connects Turkey Continental Spain, and the Canary Islands. The express shuttle offers four-day transit time from Turkey to Spain, complemented by end-to-end lead times through Milaha's intermodal network.

#2- Dubai saw its first liquified natural gas (LNG) bunkering operation, which was carried out by the Dubai Ports Authority, for a cruise ship at Dubai Harbor, according to the Dubai Media Office. The emirate is currently developing a fuel bunkering regulation for port operators and LNG suppliers, and aims to expand alternative fuel bunkering services across the emirate, the authority’s CEO Ibrahim Al Blooshi said.

OTHER STORIES WORTH KNOWING THIS MORNING-

Abu Dhabi opens new bridges: Abu Dhabi’s Municipalities and Transport Department has opened two new AED 315 mn bridges connecting Al Khaleej Al Arabi Street with Shakhbout Bin Sultan Street towards Musaffah. (Trade Arabia)
ExecuJet MRO Services Middle East gets EASA certification for global 7500 maintenance: The European Union Aviation Safety Agency has certified ExecuJet MRO Services Middle East’s facility at Dubai’s Al-Maktoum International Airport to carry out line and base maintenance on Bombardier Global 7500 aircraft. (Statement)
UAE sees its first LNG bunkering operation: Dubai Ports Authority has announced the completion of the first LNG bunking operation in the UAE. (Statement)

The aviation industry’s woes are expected to continue into 2025

The global aviation industry is bracing for another rocky year: Boeing’s delivery delays and general supply chain disruptions are set to persist into 2025, aviation consultants told CNBC. “Boeing is going to be losing a lot of territory to our friends at Airbus. There’s just no question about it,” aviation consulting firm Boyd Group president and CFO Mike Boyd told the news outlet.

Playing catchup: Airbus’s end-of-year rush is forecast to have increased its preliminary 2024 deliveries by 4% y-o-y to reach 766 jets, falling just below its annual target of 770 jets. Meanwhile, Boeing’s deliveries took a hit last year, and is expected to have delivered 340 commercial jets in 2024 down from 480 the year prior, according to Flightplan data forecasts. Both aircraft manufacturers have yet to release official 2024 delivery figures.

The timeline for real change is still unclear: Boeing’s “new CEO and new people in there say they’re doing something, but there is such a deep problem,” Boyd said. The firm still has a long way to go due to “real deficiencies” that the firm is still attempting to address, US Transport Secretary Pete Buttigieg told Reuters. The planemaker is not expected to make significant improvements in delivery results before the end of 2025, aviation intelligence firm OAG chief analyst John Grant told CNBC.

Airlines are feeling the blow: “We don’t expect to get [new Boeing aircraft] until 2026. And we need them,” Lufthansa Chief Executive Carsten Spohr told journalists in October. Emirates President Tim Clark slammed Boeing the same month for its 777x delivery delays, saying that the airline “had to make significant and highly expensive amendments to [its] fleet programmes as a result of Boeing’s multiple contractual shortfalls.”

Airbus hasn’t escaped unscathed: Airbus is assessing the financial impact of last-minute concessions made to airlines to address a series of minor quality issues, following the rush to deliver a total of 123 jets in December. Weak supply chains are forcing planemakers to compensate airlines for cosmetic defects or fork out for extra maintenance if airlines are willing to take on aircrafts before deadlines. Airbus has reportedly made financial pledges or offered commercial incentives, dubbed concession letters, to make several December deliveries.

Lags in the aviation supply chain are impacting the sector at a global scale, amid shortages of spare parts and issues with engine maintenance. “It’s been a very difficult period, and there’s no real sign of this going away anytime soon,” Sobie Aviation analyst Brendan Sobie said. “These are problems that will take years — not a single year — to resolve.”

Calendar

JANUARY 2025

20-24 January (Monday-Friday): World Economic Forum Annual Meeting, Davos, Switzerland.

27-29 January (Monday-Wednesday): World Cargo Summit, Ostend, Belgium.

28-29 January (Tuesday-Wednesday): Green Shipping Summit, Rotterdam, The Netherlands.

29-30 January (Wednesday-Thursday): ShipTek International Conference, Dubai, UAE.

FEBRUARY

3-5 February (Monday-Wednesday): Middle East Bunkering Convention, Dubai, UAE.

4-5 February (Tuesday-Wednesday): Seatrade Maritime Qatar, Doha, Qatar.

4-5 February (Tuesday-Wednesday): Airport Expansion Conference, Riyadh, Saudi Arabia.

10-11 February (Monday-Tuesday): Middle East Breakbulk conference, Dubai, UAE.

10-11 February (Monday-Tuesday): MRO Middle East, Dubai, UAE.

10-12 February (Monday-Wednesday): Sustainable Aviation Futures MENA, Abu Dhabi, UAE.

10-12 February (Monday-Wednesday): Japan Kyoto Trade Exhibition, Dubai, UAE.

10-13 February (Monday-Thursday): Future Warehouses & Logistics, Dubai, UAE.

18-19 February (Tuesday-Wednesday): Argus Green Marina Fuels Asia Conference, Singapore.

18-19 February (Tuesday-Wednesday): Middle East Procuretech Summit, Dubai, UAE.

19-21 February (Wednesday-Friday): Air Cargo Africa, Nairobi, Kenya.

20-22 February (Thursday-Saturday): Dubai Freight Camp, Dubai, UAE.

25 February - 1 March (Tuesday-Saturday): WCA Worldwide Conference, Dubai, UAE.

MARCH

No events announced at the moment.

APRIL

2-4 April (Wednesday-Friday): Global Supply Chain and Logistics Summit, Amsterdam, The Netherlands.

3-4 April (Thursday-Friday): Africa Supply Chain Optimization, Johannesburg, South Africa

10 April (Thursday): Gulf Ship Fiance Forum, Dubai, UAE.

14 April (Monday): CargoIS Forum, Dubai, UAE.

15-17 April (Tuesday-Thursday): Transport Middle East 2025, Aqaba, Jordan.

15-17 April (Tuesday-Thursday): IATA World Cargo Symposium, Dubai, UAE.

16-17 April: Global Ports Forum, Dubai, UAE.

MAY

6-8 May (Tuesday-Thursday): Airport Show, Dubai, UAE.

12-15 May (Monday-Thursday): Saudi Smart Logistics, Riyadh, Saudi Arabia.

13-14 May (Tuesday-Wednesday): Global Ports Forum, Dubai, UAE.

20-22 May (Tuesday-Thursday): Seamless Middle East, Dubai, UAE.

27-29 May (Tuesday-Thursday): Saudi Warehousing & Logistics Expo, Riyadh, Saudi Arabia.

JUNE

1-3 June (Sunday-Tuesday): Annual General Meeting & World Air Transport Summit 2025, Delhi, India.

2-4 June (Monday-Wednesday): Propak MENA, Cairo, Egypt.

5-6 June (Thursday-Friday): Supply Chain & Logistics Innovation Summit, Amsterdam, Netherlands.

11-13 June (Wednesday-Friday): Sustainability World Summit, Frankfurt, Germany.

17-19 June (Tuesday-Thursday): Terminal Operations Conference & Exhibition, Rotterdam, Netherlands.

19 June (Thursday): East Med Maritime Conference, Athens, Greece.

25-26 June (Wednesday-Friday): Decarbonizing Shipping Forum, Hambury, Germany.

JULY

1-3 July (Tuesday-Thursday): ASEAN Ports and Logistics, Jakarta, Indonesia.

SEPTEMBER

24-26 September (Wednesday-Friday): Routes World, Hong Kong.

OCTOBER

1-2 October (Wednesday-Thursday): Saudi Maritime & Logistics Congress, Dammam, Saudi Arabia.

14-15 October (Tuesday-Wednesday): Investing in Africa Conference and Expo, London, UK.

NOVEMBER

3-6 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi, UAE.

4-6 November (Tuesday-Thursday): Air Cargo Forum, Abu Dhabi, UAE.

17-21 November (Monday-Friday): Dubai Airshow, Dubai, UAE.

EVENTS WITH NO SET DATE

Mid-2025: Iraq will complete phase one of the construction of the Grand Faw Port.

DHL and Aramco’s logistics and procurement hub in Saudi Arabia will commence operations.

AD Ports-operated Safaga Port’s multi-purpose terminal will become operational.

Phase 3 of APM Terminals Tangier MedPort to be complete and operational.

1Q 2025: Sadr Park’s Logistics Center in Riyadh to be completed.

1Q 2025: Phase two of Jafza Logistics Park to be completed.

2026

2026 UNCTAD Global Supply Chains Forum, Saudi Arabia.

2027

4Q 2027: Oman’s Musandam Airport construction to be completed.

Sections

About

Privacy & Support

Get EnterpriseAM daily