Dubai’s RTA awards AED 700 mn contract for road upgrades

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TODAY: Dubai’s RTA awards AED 700 mn contract for road upgrades + WTO under fire as delegates meet in Abu Dhabi

Good morning, nice people. We have a fairly meaty issue this morning with some updates from the land, seas, and skies but first, all eyes are turning to Abu Dhabi…

HAPPENING TODAY- The World Trade Organization’s Ministerial Conference is kicking off today in Abu Dhabi and running through to Thursday. The meeting takes place against the backdrop of intensifying geopolitical tensions and global disruptions to trade amid Houthi attacks in the Red Sea.

Key on ministers’ agenda: Reviving the WTO’s long-idle dispute system, which has been deadlocked for years due to the US’ blockage of judge appointments; scrapping subsidies that promote unsustainable fishing practices; making a decision on the extension of a moratorium that, if expired, would impose new customs duties on e-commerce transactions; and scrapping domestic agriculture subsidies in developing countries.

Today will see discussions on trade and sustainable development, including industrial policy and inclusion. You can find the full agenda here.

ON A RELATED NOTE-WTO delegates are reportedly frustrated by roadblocks to reform, labeling the agenda at the Abu Dhabi conference as a “non-meeting,” Reuters reported last week. Wars, geopolitical rivalries, and trade fragmentation are placing serious obstacles to the WTO’s freetrade agenda, with the body’s ability to remain impactful further hindered by a decision making process that requires full consensus, the newswire said. Negotiations that look to resurrect the WTO’s appeals court, dubbed the Appellate Body, inactive since 2019 due to US obstructions to the appointment of judges, are also unable to get off the ground due to broad divisions. “So, in that context, anything that just keeps the WTO going is probably considered a success,” Secretary General of the Paris-based International Chamber of Commerce John Denton told the newswire in reference to the upcoming Abu Dhabi ministerial event.

WATCH THIS SPACE-

#1-The UAE and Australia will finalize a freetrade agreement (FTA) by the end of the year, Bloomberg reported on Thursday, citing comments made by Australian trade minister Don Farrell. FTA negotiations with the UAE are expected to be smoother than parallel talks with the EU and India where differences over agricultural imports are complicating talks. Farrell is in the UAE this week for the WTO Ministerial Conference, where he is expected to work with partners to reform the organization and reinstate an arbitration system that was derailed by the Trump Administration’s move to block the appointment of judges, Bloomberg added.

#2- OPEC+ is likely to extend production cuts into this year’s second quarter,as slowing growth in demand and ample US production put downward pressure on prices, Bloomberg reported on Friday, citing a survey of traders and analysts. The cartel is set to meet early next month to decide whether to extend 2 mn barrels per day production cuts beyond March. KSA energy minister Abdulaziz bin Salman indicated to Bloomberg in December that production cuts may “absolutely” be extended. Despite downward pressure due to ramp ups in production in the Western Hemisphere, key OPEC+ states need to sustain oil prices above USD 90 a barrel, with Saudi Arabia requiring the added revenue to finance megaprojects, Bloomberg writes, and Russia demanding inflows to finance its war in Ukraine.

ON A RELATED NOTE- Scaling oil output in the Western Hemisphere has met the global increase in demand over the past decade, reversing a long running trend whereby Eastern Hemisphere production dominated the oil markets and crude flowed east-to-west, Reuters reported last week, citing Energy Institute figures. OPEC+ cuts helped cultivate the market conditions that allowed Western Hemispheric oil production to thrive, with Western oil output ramping up 27% to 31.6 mn barrels a day (bpd) between 2012 - 2022 and accounting for 34% of global output.

#3- Iran’s Makran Port, which is currently under construction, will see Iran’s container capacity boosted by 200 mn tons, Mehr reported on Saturday citing statements by Iran Minister of Roads and Urban Development Mehrdad Bazrpash. Upgrades over the past year and a half have seen capacity at the country’s ports reach 300 mn tons, with some IRR 500 tn in private sector investments, along with government financing, funding the upgrades, the minister said.

#4- Qatar’s International Chamber of Commerce (ICC) is calling on private sector players to contribute to its new Commission on Customs and Trade Facilitation, after establishing a steering committee for the new body, according to a statement released last week. ICC Qatar is reaching out to legal consultants, customs brokers, chambers of commerce, logistics providers, and other private sector actors to participate in the committee, which looks to develop pro-business policy outlines and lobby with regulatory bodies and government authorities such as the Ministry of Commerce and Industry and the General Authority of Customs, the statement said.

MARKET WATCH-

#1- Baltic index hits over one-month high: The Baltic Exchange’s dry bulk sea freight index — which tracks rates for the capesize, panamax, and supramax vessel segments – was up 6.5% at 1866 points on Saturday, hitting its highest since 9 January, and up 16% w-o-w, Reuters reported on Saturday. Strong rates in the Capesize and Supramax segments buoyed the index, with capesize gaining 12.7% to 3145 points, while the smaller supramax segment bumped up 15 points to 1189 points. The panamax subindex fell 1.8% to 1595 points, falling 3% w-o-w, the newswire said.

#2- Drewry’s World Container Index (WCI) has almost doubled y-o-y, despite weekly dip:Drewry’s WCI – which tracks global spot and contract freight rates – fell 2% to USD 3659 per 40ft container this week, but is 93% up y-o-y, Drewry reported on Saturday. The latest reading of the index is also 158% higher than pre-pandemic 2019 rates of USD 1420, while the composite YTD USD 3561 value is USD 869 higher than the USD 2692 10-year average, which was boosted by a spike in rates during the pandemic period. Rates are expected to remain steady over the coming week, Drewry said.

#3-Oil prices dipped almost 3% on Friday, and declined w-o-w, as a US policymaker indicated that Federal Reserve interest rate cuts should be put off by two months at the least, a move which would stifle growth and check demand for oil, Reuters reported on Friday. Brent declined 2.5% to USD 81.62 a barrel, while West Texas Intermediate (WTI) fell 2.7% to USD 76.49 a barrel, the newswire said. However, expectations of a tightening in the market and supply shortfalls could shore up the market in the coming few days, the newswire also said.

#4-Fujairah fuel inventories declined 11.3% to 8.31 mn barrels in the week ending 19 February, Reuters reported on Friday, citing Fujairah Oil Industry Zone data picked up by S&P Global Commodity Insights, with robust demand in Fujairah’s bunkering market depleting inventories, the newswire said citing trade sources.

DATA POINTS-

#1- Abu Dhabi Customs saw a 72% y-o-y boost in digital transactions at the emirate’s ports in 2023,Wam reported on Friday, citing the General Administration of Abu Dhabi Customs. The figures represent the highest rates seen since digitization efforts began. WAM did not disclose further details with regards to the monetary value of the digital transactions seen in 2023.

#2- Queen Alia International Airport (QAIA) handled some 6.4 k tons of cargo in January 2024, up 34.6% y-o-y, according to an Airport International Group (AIG) press release. QAIA also saw 5.8 k aircraft movements during the period, down 4.2% y-o-y, and 696.5k passengers, up 2.8% y-o-y, the statement said..

CIRCLE YOUR CALENDAR-

Iran will host the17th Iran-Russia Joint Economic Committee meeting on Wednesday, 28 February in Tehran. The meeting will see experts from both countries engage in discussions on means to boost bilateral cooperation in trade, energy, banking, logistics, customs, and other fields, preparing the groundwork for a comprehensive MoU. The event will be co-chaired by Iran’s Oil Minister Javad Owji and Russia’s Deputy Prime Minister Alexander Novak.

The UAE will host the Gulf Aviation Networking Event (GANE) on Thursday, 29 Februaryin Dubai. The event brings together aviation industry leaders to network, gain insights on prevailing trends, learn about new technologies, and take part in panel discussions and presentations run by industry experts.

The UAE will host the Future-Proof Technology Event on Thursday, 29 February in Dubai.

The one-day event gathers industry leaders to discuss how emerging technologies, digitalization, and cross-sector collaboration, could be leveraged to bolster supply chains. The event will see presentations by a panel of experts and major logistics executives.

The UAE will host the TradeTech Forum on Tuesday, 27 February in Abu Dhabi. The forum will see some 180 trade leaders and experts discuss the technologically advanced trade environment and a showcase of trade tech solutions.

The UAE will host the Future-Proof Technologies Conference on Thursday, 29 FebruaryDubai. The event will unite industry experts to discuss strategies for adopting sustainable supply chain operations through cross-sector collaboration, advanced technologies, and integrated logistics.

The UAE will host the MRO Middle East on Tuesday, 5 March and Wednesday, 6 March in Dubai. The two-day event will bring together key decision makers from airlines, MROs, OEMs, lessors, and suppliers spanning all aspects of the airline supply chain.

The UAE will host The Logistics Middle East Award on Wednesday, 6 March in Dubai. The awards ceremony brings together industry experts to celebrate the sector’s biggest accomplishments over the previous 12 months.The deadline for submitting nominations is Friday, 19 January.

The UAE will host Abu Dhabi Mobility Week from Wednesday, 24 April to Wednesday, 1 May in Abu Dhabi. The event, organized by The Department of Municipalities and Transport – Abu Dhabi (DMT), will feature announcements, forums, and introduce a mobility strategy for the emirate.

Saudi Arabia will host a special World Economic Forum event from Sunday, 28 April through to Monday, 29 April in Riyadh. The event will focus on global collaboration and energy.

The UAE will host the 23rd edition of the Airport Show from Tuesday, 14 May through to Thursday, 16 May in Dubai. The 23rd Airport Show will see representation from airport suppliers, airport service providers, aviation executives, and regional decision makers. The event will highlight current innovations and new technologies, while emphasizing this year’s "Sustainability and Innovation," theme.

The UAE will host The Electric Vehicle Innovation Summit from Monday, 20 May to Wednesday, 22 May in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.

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

Dubai’s RTA awards AED 700 mn contract for upgrades to Al Khail Road

Dubai’s Roads and Transport Authority (RTA) has awarded an AED 700 mn (USD 190.6 mn) contract for improvements along Al Khail Road, dubbed Al Khail Road Improvement Project, according to an RTA press release. The developments look to keep pace with Dubai’s continued growth and to ensure the smooth flow of traffic. No timeline for the project was revealed as part of the statement.

Details: The project will see the construction of 3.3k km of new bridges, and upgrades to 6.82k km of roads at seven sites along Al Khail road — Zabeel, Meydan, Al Quoz 1, Ghadeer Al Tair, and Jumeirah Village Circle, the statement said.

Why is this important? The artery represents one of Dubai’s “key traffic corridors,” and supports Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road, and Emirates Road, RTA Chairman Mattar Al Tayer said. RTA plans to boost the capacity of current intersections and bridges along Al Khail Road by around 19.6k vehicles per hour while also relieving congestion at flyovers. Put together, the refurbishments look to reduce travel times by 30%.

This is the second major RTA roadworks contract awarded in as many months: The RTA awarded a USD 90 mn contract for improvements to the Umm Suqeim Street Project, a 4.6 km stretch connecting Al Khail Road to Sheikh Mohammed bin Zayed Road, in early January.

Red Sea attacks lead to dangerous environmental damage + CMA CGM reports first quarterly loss in four years

Yemen’s Houthi militia has attacked a US tanker, dubbed Torm Thor, in the Gulf of Aden with a number of missiles,Reuters reported on Saturday, citing a televised statement by the Iranian-backed group’s military spokesman Yahya Sarea. US Central Command (Centcom) stated that a US warship, dubbed USS Mason, downed a missile that was presumably targeting the tanker, the newswire also said. No damages or injuries to crew were reported aboard the USS Mason or the tanker, Centcom said.

US and British forces carried out more strikes against Houthi targets on Saturday, with the move gathering support from Australia, Bahrain, Canada, Denmark, the Netherlands, and New Zealand, Reuters reported. The latest hits targeted underground weapon and missile storage, air defense systems, radars, and a helicopter, dispersed across 8 sites in Yemen, the newswire said. The latest actions look to “disrupt and degrade the capabilities of the Iranian-backed Houthi militia,” U.S. Defense Secretary Lloyd Austin said.

China’s navy has dispatched its 46th fleet for an “escort mission,” in the Gulf of Aden, Xinhua reported last week. The fleet — which includes several advanced warships, replenishment vessels, officers, soldiers, special forces personnel, and helicopters — set sail from the port of Zhanjiang on Wednesday after conducting drills on responding to commercial ship hijackings, piracy, and other scenarios, Xinhua said.

ICYMI- Last week the UK and Canada called on China to play a larger role in deterring Houthi attacks in the Red Sea, following previous urging by the US.

Rubymar remains afloat, for now: A Belize-flagged cargo ship carrying 22k tonnes of fertilizer, dubbed Rubymar, remains afloat after a Houthi missile attack on Sunday caused crew to abandon ship amid reports it was taking water, Reuters reported on Thursday, citing industry sources. The attack on the ship has caused a 29 km long oil spill and the vessel’s fertilizer cargo can cause further environmental damage if it spills into the Red Sea, Centcom reportedly said. Towing the ship to nearby Djibouti for recovery and repairs appears to be the only viable option, shipping and ins. sources said, adding that towing the ship to a destination further afield or across open waters is unsafe given the vessel’s condition.

Shipping companies are being warned to remain vigilant for piracy off the African coast, as Red Sea diversions bring them within easy reach of pirate groups operating out of Somalia and in the Gulf of Guinea and pirate incidents see a resurgence, The Financial Times reported on Thursday, citing statements by International Maritime Organization (IMO) secretary general Arsenio Dominguez. Dominguez has urged shippers to return to the rigorous security measures enacted during the previous piracy crisis between 2008 to 2012. The IMO is also communicating with authorities in Somalia, East Africa, and around the Gulf of Guinea to ensure that measures are taken to curb pirate activity, Dominguez added.

A boom in vessel deliveries this year is set to bridge capacity gaps caused by Red Sea disruptionsoffering some relief to freight rates, The New York Times reported on Thursday. The freight market is expected to normalize before peak shipping season in this year’s third quarter, the NYT said, citing analysts. New vessels accounting for over a third of the industry’s capacity are set for delivery, with most being delivered before the year is out, senior director and analyst at logistics research firm Gartner, Brian Whitlock, told the NYT. Maersk is looking to up capacity by 9%, MSC — the world’s largest carrier — is set to take delivery of some 132 newbuilds, boosting capacity by 39%, while France’s CMA CGM is expected to increase capacity by 24%, Whitlock said. It is “just a matter of time,” until the industry’s capacity shortfall is resolved, the outlet cites Maersk CEO Vincent Clerc as telling investors this month.

The same cannot be said for the tanker market: Longer reroutes on the back of Red Sea disruptions and Russia’s war in Ukraine, together with a shortfall in new vessel deliveries, are yielding a capacity deficit in the tanker market that is causing freight rates to surge, Bloomberg reported yesterday. Only two new supertankers are set to be delivered this year, the lowest delivery rate in almost 40 years and 90% lower than the per year average seen since 2000, the outlet said. “The situation is tight in the tanker market, in particular for crude oil tankers,” Bloomberg cites research manager at Banchero Costa, Enrico Paglia, as saying. Low orders are continuing into next year, with only 5 supertankers set to be delivered compared to 2020’s 42 deliveries, raising expectations that tanker rates may remain elevated for a while, Bloomberg said citing figures from Banchero Costa.

Ship arrivals at Jordan’s Aqaba Port have seen a slight but “noticeable” improvement in February, head of Jordan’s Logistics Syndicate Nabil Al Khatib told Al Mamlaka on Wednesday. The improvement is attributed to carriers which had stopped services to Aqaba finding workarounds through establishing feeder routes to tranship cargoes to Aqaba via Egypt’s Dumiat, KSA’s Jeddah, and the UAE’s Jebel Ali ports, Al Khatib said. The latest meeting of a special crisis group tasked with following the effects of Red Sea disruptions on Jordan’s economy concluded with several recommendations, including reductions to customs fees and scheduled payments for taxes by importers, Al Khatib also said.

CMA CGM faces first loss in four years: Shipping giant CMA CGM noted its first quarterly loss in four years, as Red Sea disruptions and overcapacity roil the shipping sector, Bloomberg reported on Friday. The carrier saw a USD 90 mn loss in the last quarter of 2023, compared to a USD 3.04 bn gain seen during the same period the previous year, CMA CGM’s earrings release for 2023 showed. The company’s bottomline for 2023 was down more than 85% y-o-y to USD 3.64 bn, while topline figures saw a 36.9% fall during the same period to USD 47.02 bn, with the carrier attributing the falling revenues to “deteriorating conditions in maritime shipping markets,” according to the earnings release.

OTHER DISRUPTION NEWS WORTH KNOWING-

Diana Shipping exits Red Sea: Bulk carrier Diana Shipping is the latest global carrier to halt Red Sea routes, amid a ramp up in attacks. (Reuters)
Red Sea disruptions and OPEC+ production cuts are leading to crude shortfalls in Europe and Africa, tightening local physical markets and boosting the oil futures market. (Reuters)

Lots of aviation news from Qatar, Jordan and Saudi. PLUS: UAE + Kenya wrap up CEPA negotiations

Qatar + Jordan ink amendments to air transport protocol: Chairman of the Board of Commissioners of Jordan’s Civil Aviation Regulatory Authority (CARC) Haitham Misto and Qatar’s Civil Aviation Authority (CAA) Manager Mohammed Faleh Al-Hajr signed a protocol to amend part of the air services agreement between the two countries, according to a statement. The amendments grant each party the right to appoint one or more air transport entities to conduct the agreed-upon air services.

Saudi + China eye stronger aviation ties: Saudi Arabia’s General Authority of Civil Aviation (GACA) President Abdulaziz bin Abdullah Al-Dauilej and Civil Aviation Administration of China Administrator Song Zhiyong have inked an MoU to cooperate in aviation, SPA reported on Friday. The MoU aims to expand air traffic stops and regulate frameworks for cooperation in transportation and air freight. It also includes plans to revise existing agreements to enhance global connectivity and foster trade exchange between the two countries. A GACA delegation also toured Commercial Aircraft Corporation of China (Comac) factories and facilities to observe various stages of the aircraft manufacturing process.

UAE + Kenya wrap up CEPA negotiations: The UAE and Kenya have concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA) to boost trade between them, Wam reported on Friday. The agreement will support growth in trade and investment flows, as well as cooperation on food production, mining, technology, and logistics

Background: The UAE first entered trade negotiations with Kenya in July 2022, marking its first pursuit of a CEPA with an African nation. Initial talks came on the back of growing relations, with non-oil bilateral trade between the UAE and Kenya climbing 26.4% y-o-y to USD 3.1 bn in 2023, adds Reuters.

Iran + Hungary ink agriculture agreement: Iranian Foreign Minister Hossein Amir-Abdollahian and his Hungarian counterpart Peter Szijjarto signed on Thursday a roadmap for agricultural cooperation, Mehr News Agency reported on Thursday. The pair also discussed boosting cooperation in several sectors including agriculture, water management, health, industry, and energy.

Milaha taps Fahad Bin Saad Al-Qahtani as new Group CEO

Qatar Navigation’s (Milaha) board of directors has appointed Fahad Bin Saad Al-Qahtani (LinkedIn) as Group CEO, according to a statement released on Thursday. Al-Qahtani is assuming his new role after holding senior leadership positions across organizations in various sectors, including Schlumberger Oilfield Services, Qatar Fuel Additives Company, Qatar Foundation, and Mowasalat. Al-Qahtani has upwards of 20 years of practical experience, including involvement in major national projects.

Saudi Development Fund extends USD 55 mn loan for upgrading Tunisian railway + Oman opens tender for roadworks project

RAIL-

Saudi Development Fund (SDF) inked a USD 55 mn loan agreement to refurbish and upgrade a railway for transporting phosphate in Tunisia, SPA reported on Thursday. Tunsian Economy and Planning Minister Ferial Al-Warghi met with CEO of the Saudi Fund for Development, Sultan bin Abdul Rahman Al-Murshid to sign the agreement, which is set to restore 190 km of the railway network, boosting phosphate transport capabilities and alleviating pressure off road infrastructure and lowering traffic congestion.

ROADS-

Oman kicks off tendering for roadworks project: Oman has issued a call for tenders for the implementation of dual carriageways along Al-Kamil and Al-Wafi, Jaalan Bani Bu Hassan, and Jaalan Bani Bu Ali roadways, Oman’s transport ministry said on X. Eligible firms can purchase applications via the Omani government’s tendering portal here until 7 March, with bids due 1 April. Applications are priced at OMR 1.5k for local and international companies, and OMR 100 for SMEs, the statement said.

LOGISTICS HANDLING-

Saudi conglomerate Alsulaiman Group (ASG) is set to expand its footprint in Saudi Arabia across various sectors, Argaam reported on Thursday. ASG is looking to triple the size of its logistics arm, Flow, and will increase the number of Ikea showrooms from nine to 30 within the next five years, situating them near major cities. The company also plans to open Circle K stores at petrol stations and other strategic locations.

EARNINGS WATCH-

UAE-based budget carrier Flydubai saw its bottomline boosted 75% y-o-y to AED 2.1 bn in 2023, according to a earnings release. The airline’s topline also bumped up 23% to AED 11.2 bn during the same period. A ramp up in aircraft deliveries, maintenance of the company’s workforce, and network expansions contributed to the year’s strong performance, Flydubai Chairman Ahmed bin Saeed Al Maktoum said.

OTHER STORIES WORTH KNOWING THIS MORNING-

Turkey has not lifted sanction on Sulaymaniyah Airport: The head of Iraq’s Transportation and Communications Committee Karwan Yarwais denied quotes attributed to him by semi-official Iraqi newspaper Al Sabah that Turkish sanctions were being lifted from Sulaymaniyah Airport. (Al Shafaq)
Qatar Airways reveals Lisbon return: Qatar Airways will resume flights to Lisbon, Portugal, running four weekly flights beginning 6 June 2024, as part of a drive to expand its network to 170 new destinations this year. (Statement)
Iraqi exports to be showcased in KSA: The Iraqi Federation of Industries, in cooperation with Iraq’s commercial attache in Riyadh, is looking to organize an exhibit showcasing Iraqi exports to Saudi Arabia, in a bid to boost bilateral trade, and has issued a call to agricultural and manufacturing exporters looking to promote their products. (Statement)
Emirates expands South America footprint: UAE carrier Emirates is set to launch daily direct flights to Bogota, Colombia, via Miami, USA, beginning 3 June 2024. (Statement)
Jazeera Airways flies to Georgia: Kuwaiti budget airline Jazeera Airways will operate seven flights a week between Kuwait City and Batumi, Georgia starting 14 June. (Statement)

Calendar

FEBRUARY

26-29 February (Monday-Thursday): World Trade Organization's 13th Ministerial Conference, Abu Dhabi, UAE.

27 February (Tuesday): TradeTech Forum, Abu Dhabi, UAE.

28 February (Wednesday): Industrial and Building Technology event, Dubai, UAE.

28 February (Wednesday): Iran-Russia Joint Economic Committee meeting, Tehran, Iran.

28 February-1 March (Wednesday-Friday): MENA Transport Congress and Exhibition, Dubai, UAE.

29 February (Thursday) :Future-Proof Technologies Conference, Dubai, UAE.

29 February (Thursday): Gulf Aviation Networking Event (GANE), Dubai, UAE.

29 February (Thursday): Future-Proof Technology Event, Dubai, UAE.

MARCH

3-5 March (Sunday-Tuesday): Sustainable Green Blue Infrastructure Conference 2024 (Marlog), Green Plaza Mall, Egypt.

4-8 March (Monday-Friday): Logistics & Transport Management 2024, Dubai, UAE.

5-6 March (Tuesday-Wednesday): ShipTek International Conference & Awards 2024, The Address Dubai, UAE.

5-6 March (Tuesday-Wednesday): MRO Middle East, Dubai Trade Center, Dubai, UAE.

6 March (Wednesday):The Gulf Ship Finance Forum, Waldorf Astoria Dubai International Financial Centre, UAE.

6 March (Wednesday): The Logistics Middle East Awards, Dubai, UAE.

7 March (Thursday): Truck and Fleet Conference 2024, Dubai, UAE.

12-14 March (Tuesday- Thursday): IATA World Cargo Symposium, Hong Kong International Airport, Hong Kong.

20 March (Wednesday): Construction work scheduled to begin on the 162 km Rasht-Astara Railway in Iran.

APRIL

24 April- 1 May ( Wednesday-Wednesday): Abu Dhabi Mobility Week, Abu Dhabi.

27 April- 1 May (Saturday-Wednesday): Iran Expo 2024, Tehran International Permanent Fairground, Iran.

28 April - 29 April (Sunday - Monday): World Economic Forum, Riyadh, Saudi Arabia.

29 April- 2 May(Monday-Thursday): GLA Global Logistics Conference, Dubai, UAE.

30 April- 2 May(Tuesday-Thursday): Autonomous E-mobility Forum, Doha, Qatar.

April: Driftx. Abu Dhabi, UAE.

MAY

2-3 May (Thursday-Friday): Geneva Dry, Hotel President Wilson, Geneva, Switzerland.

2-4 May(Thursday-Saturday): The International Conference on Logistics Operations Management: smart, sustainable and green logistics (GOL), Marrakesh, Morocco.

3-5 May (Friday-Sunday):2024 IEEE 15th international conference on Logistics and Supply Chain Management, University of Sousse, Tunisia, Tunis.

7-9 May (Tuesday-Thursday): Annual Investment Meeting (AIM) Congress, Abu Dhabi, UAE.

14-15 May (Tuesday-Wednesday): Seamless Middle East, Dubai World Trade Centre, UAE.

14-16 May (Tuesday-Thursday): Airport Show, DWTC, Dubai, UAE.

20-22 May (Monday-Wednesday): The Electric Vehicle Innovation Summit (EVIS), Abu Dhabi, UAE.

21-23 May (Tuesday-Thursday): WAGA 2024, Riyadh, Saudi Arabia.

JUNE

2-4 June (Sunday-Tuesday):IATA Annual General Meeting (AGM) and World Air Transport Summit, Dubai, UAE.

19-21 June (Wednesday-Friday): World Freezones Organization’s Annual International Conference and Exhibition, Bari, Italy.

OCTOBER

6-8 October (Sunday-Tuesday): Routes World 2024, Bahrain.

7-9 October (Monday-Wednesday): AFSIC – Investing in Africa, London, UK.

22-24 October (Tuesday-Thursday): Asean Ports and Logistics 2024, Johor, Malaysia.

NOVEMBER

11-14 November (Sunday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.

13-15 November (Wednesday-Friday): The Bahrain International Airshow, Sakhir Airbase, Bahrain.

DECEMBER

10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central, Dubai, UAE.

20 December (Wednesday): The 5th Iran-Senegal Joint Economic Cooperation Commission, Dakar, Senegal.

EVENTS WITH NO SET DATE

1Q 2024: Construction of phase 3 of Agility’s logistic park in Abidjan, Côte d'Ivoire to be completed.

1Q 2024: Egypt’s Transport Ministry to launch pre-qualification tender for Cairo-Alex freight railway.

1H 2024: Civil Construction subcontracts for construction firms in Oman for implementation of the Abu Dhabi - Suhar rail link to be announced.

2H 2024: Bahri’s barges for Saline Water Conversion Corporation (SWCC) to begin initial and commercial operation.

King Salman Energy Park is set to become operational.

2025

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 twoof Jafza Logistics Park to be completed.

2027

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

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