Egypt’s Yanmu East logistics park gets USD 48.5 mn loan

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What we're tracking today

TODAY: Sustainable Maritime Industry Conference wraps today in KSA + KSA, Russia extend oil cuts to December

Good morning, lovely people. The newsflow continues to pick up as we edge closer towards the end of the week, with several updates on Egypt, Iraq and Kuwait — as well as purchasing managers’ indices giving us a snapshot of how supply chains performed across the region in August.

THE BIG LOGISTICS STORY- Non-oil private sectors in the UAE, Saudi Arabia, Qatar remained firmly in growth territory, despite growth slowing in pace, while Egypt remained in contraction, but continued to show positive signs of recovery. Meanwhile, Hassan Allam Utilities and Agility’s JV Yanmu Logistics Park received a USD 48.5 loan from an Egyptian bank for its Yanmu East logistics park in Egypt.

^^ We have everything on this story and more in the news well, below.

COUNTDOWN- There are just 12 days until the Enterprise Finance Forum, taking place 18-19 September (Monday and Tuesday) at the St. Regis Hotel on the Nile Corniche. This flagship forum is the latest in our must-attend series of invitation-only events, where CEOs, bankers, investors, founders, and corporate leaders will meet to discuss the trends shaping the future of banking, finance, NBFIs, and fintech — and of their clients.

You won’t want to miss this one: Join Basel El Hini (chairman, Housing and Development Bank), Hazem Hegazy (CEO and vice chairman, Al Baraka Bank), Ibrahim El Missiri (CEO, Somabay), Lamyaa Gadelhak (Partner, Baker McKenzie), Ashraf Sabry (founder and CEO, Fawry), Dalia Wahba (CEO, Hassan Allam Utilities) and many others for talks on everything from how banks are transforming, to calling the future giants in fintech. Stay tuned for the unveiling of our full list of speakers in the coming days.

Tap or click here to REGISTER or view the FULL AGENDA.

We are honored to count some of the region’s most important financial institutions as our partners for this special event. The Enterprise Finance Forum could not take place without the support of our partners including Banque Misr, Al Baraka Bank, FAB Misr, HSBC, Mashreq, CI Capital, Global Corp, Visa, Hassan Allam Utilities, and the IFC.

THE BIG LOGISTICS STORY ABROAD- KSA + Russia extend their oil supply cuts till end of year: Saudi Arabia and Russia have extended their oil supply curbs until the end of December as they look to further support the “stability and balance of oil markets,” Saudi Press Agency(SPA) cites an official source from the Energy Ministry as saying. Saudi Arabia will extend its voluntary cut of 1 mn barrels per day (bb/l), and will review whether to alter the rate of production on a monthly basis, the source added. Russia also extended its decision to voluntarily reduce its oil exports by some 300k bb/l until the end of this year, and will review the decision on a monthly basis, Reuters writes.

Market reax: Oil prices rose sharply following the news of the cuts, which were more aggressive than expected,, with Brent rising above USD 90 a barrel for the first time since November despite steady increases in Iranian and Venezuelan oil exports.

The story got a lot of ink in the foreign press: Bloomberg | Reuters | AP | CNBC | NYT.

HAPPENING THIS WEEK-

The Sustainable Maritime Industry Conference wraps today at the Ritz Carlton in Jeddah, Saudi Arabia. The conference brings together some 2k participants and 50 speakers to dive into topics of innovation and digitization, capacity building, new technologies, and sustainability in the maritime industry

Yesterday saw Saudi firms + organizations sign several training + R&D-related agreements: Saudi Arabia’s Transport General Authority (TGA) signed a tripartite agreement with ABS and Zamil Marine to study the development of regulations, technical standards, and scientific practices for the construction, operation and maintenance of autonomous vessels, according to Saudi Press Agency. The authority also signed an agreement with Saudi carrier Bahri and the International Maritime Organization (IMO) to support its Next Wave Seafarers project, which trains maritime students from island countries. The Saudi Logistics Academy also agreed to boost cooperation with Escola Europea de Short Sea Shipping in training and education in logistics.

FINALLY- The TGA also partnered up with the IMO on three environmental initiatives to protect marine life and help reduce pollution, SPA said.

ALSO - Could Saudi Arabia + Iraq reopen the air route between their capitals? Saudi Transport and Logistics Minister Saleh Al Jasser also met with his Iraqi counterpart, Razzaq Al Saadawi, and discussed potentially reactivating the Baghdad-Riyadh air route during the conference, Iraqi news agency INA reports. The two countries have slowly been opening up their airspaces to each other following decades of suspension, with Flynas resuming flights between Jeddah and Erbil in April. The pair also touched on strengthening maritime transport cooperation through an agreement aimed at boosting trade exchange and traffic of intra-trade ships.

WATCH THIS SPACE- A Saudi delegation is set to visit Iraq soon to discuss possible investments in Iraq’s Development Road project, which looks to establish a road and railway link between Iraq’s southern port of Al Faw and the country’s northern border with Turkey, INA reported. Iraqi officials have been touring the region as part of a roadshow to rally investments for the project.

The Jordan Economic Conference yesterday kicked off its 23rd edition, which wraps up today. The event, held under the theme “Innovation in E-Commerce,” brings together high-level officials to focus on several key objectives and initiatives related to e-commerce and its development in Jordan, Jordanian news agency Petra reports.

MARKET WATCH-

Iran’s oil exports hit five-year record: Iran exported 1.85 mn barrels per day (bbl / d) of crude oil and condensates in August, representing a 38% m-o-m surge and 54% increase from January figures, Iranian state news agency IRNA reported. August’s volumes are the highest since the Trump administration withdrew five years ago from an internationally-brokered agreement that saw sanctions on Iran lifted in return for Iran putting a stop to its nuclear program. Washington’s unilateral withdrawal and the agreement’s collapse saw the reimposition of strict sanctions targeting Iran’s oil sector.

NON-LOGISTICS REGIONAL HEADLINES-

EGYPT: Egypt is reportedly set to provide seven initial priority sectors — including petrochemicals, green hydrogen, solar energy, EVs, mining, textiles, and electronics — tax exemptions in a bid to boost industrial activity and localization. (Asharq Business)
UAE : UAE firms including Masdar, Abu Dhabi Fund for Development, Etihad Credit Ins. and Amea Power are pledging USD 4.5 bn to finance climate projects in Africa to accelerate clean-energy projects. (Bloomberg)

CIRCLE YOUR CALENDAR-

The Logistics and Transport Management conference continues today and wraps on Friday, 8 September in Dubai, UAE. The event, hosted by EuroMaTech, will teach attendees how to utilize modern purchasing management techniques, enhance their negotiation skills, manage inventories more efficiently, and improve control over warehouse and transportation operations.

The Belt and Road Summit will be taking place on 13-14 September at the Hong Kong Convention and Exhibition Centre, Emirati news agency WAM reports. The event, hosted by the Government of the Hong Kong Special Administrative Region and Hong Kong Trade Development Council, will bring together government officials and business leaders from countries and regions along, and beyond, the Belt and Road to cooperate and explore potential business avenues. The summit will have Middle East-focused sessions with the aim of exploring cooperation in urban transport, infrastructure projects, renewable energy, logistics, and technology.

The Sustainable Transportation and Legacy for Generations Conference and Exhibition, which is organized by Qatar’s Transport Ministry and sponsored by Qatar Airways Group, Mwani Qatar, and QNB, will take place on 17-18 September at the Doha Exhibition and Convention Centre, Gulf Times reports. The event will cover transportation sector trends, strategies for eco-friendly transit systems, and Qatar's role in global aviation. The conference will include six panel discussions featuring over 20 speakers from various transportation entities.

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

Non-oil private sector activity remained strong across GCC countries and Egypt in August

Non-oil private sectors in the UAE, KSA + Qatar dipped in August, while Egypt’s contraction remained marginally flat: Purchasing Manager Indices (PMI) tracking non-oil private sectors in UAE, KSA, Qatar, and Egypt told a mixed tale in August, with most countries in expansion, except for Egypt, which remains in contraction — despite showing some signs of potential recovery.

Refresher: The all-important 50.0 mark is the threshold separating contraction from growth. Anything over 50 denotes expansion and anything below indicates contraction

Growth in the non-oil private sector in the UAE eased in August to its slowest pace since February, according to S&P’s Global UAE PMI (pdf). The PMI reading came in at 55.0, down from July’s 56.0, but remaining well above the 50.0 mark separating growth from contraction, signaling an improvement in operating conditions. Business activity and confidence increased and were recorded as the strongest since covid-19, paving the way for an increase in purchasing activity to a four-month high. This also drove a substantial increase in input stocks as expected sales growth continued to improve.

Most PMI indicators gave positive signals, including an improvement in inventory building, job creation and improving supply chain conditions, Senior Economist at S&P Global Market Intelligence David Owen commented. The improvement in supplier lead times improved to its strongest levels since July 2019, with most vendors responding positively to requests for faster deliveries — with the strongest record of improvement since July 2019 according to S&P. While employment levels modestly increased, backlogs continued to grow in size as capacity pressures continued to rise.

Saudi Arabia’s PMI also eased at its slowest pace in a year for a second consecutive month to 56.6, down from July’s 57.7, according to Riyadh Bank Saudi Arabia’s PMI (pdf). This came on the back of increased market competition that hampered sales growth and affected exports. Despite that, the reading remains firmly in the growth territory, above the long run trend average.

Inflation pushed an uptick in purchase prices at the fastest rate in just over a year, linked to a sharper uptick in purchase prices. Despite that, strong demand persisted, affecting vendors’ performance and slowing down the improvement in lead times to the slowest in 19 months, the survey said.

“The Kingdom’s non-oil activities have managed to expand despite the continuous challenges arising from input prices and the high interest rates,” Chief Economist at Riyad Bank Naif Al Ghaith commented. Increased competition also encouraged firms to increase the quantity and stocks of products, Al Ghaith said.

Qatar’s non-energy sector in August also inched down slightly from 54.0 to 53.9, though continued to indicatestrong expansion on the back of increased output, new orders, employment and purchasing, according to Qatar Financial Centers PMI (pdf). Purchases and output increased further, as the retail and service sectors drove growth. Supply chains also continued to improve as average lead times fell for the sixteenth successive month — a record sequence for the survey — while inventories rose only slightly, suggesting that companies managed stock levels efficiently, according to S&P.

Cost pressures in Qatar were broadly in line with the long-run average in August, although staff costs rose the most since February while output prices fell moderately for the fourth month running.

Egypt’s contraction remained flat, at its highest level in two years: Egypt’s PMI reading remained unchanged for its second month, according to S&P Global’s Egypt PMI (pdf). The country’s PMI remained at 49.2 in August, below the 50.0 mark separating growth from contraction, with the rate of contraction remaining subdued.

While non-oil companies in Egypt recorded “modest drops” in activity and new orders, there continued to be broad-based declines in demand on the back of weak domestic and global economic conditions. Heightened cost inflation constrained output, while a weak exchange rate, coupled with raw material supply issues and wage pressures led to the fastest increase in business expenses for five months, S&P writes. Firms also saw a sharp reduction in input buying compared to one month ago, citing weaker orders, supply issues and higher input price inflation.

On the brighter side: Hopes for a market recovery were reflected in an improvement in business confidence to its highest level in five months, while inventory building improved as average lead times fell, S&P writes.

Outlook for UAE + Qatar was positive all round: Surveyed firms signal UAE’s non-oil sector outlook was “highly positive,” Owen said, with surveyed firms signaling that this was supported by rising new order inflows, greater tourism and increased investment. Qatar’s outlook also remained positive in August, with manufacturers, wholesalers and retailers also remaining positive.

But not so much for Saudi Arabia + Egypt: Only Saudi Arabia’s outlook weakened amid competitive pressures, with the respondents less optimistic about future activity, with the lowest level of confidence recorded since June 2020. Over in Egypt, outlook improved but was still among the lowest recorded in the series history, with only 9% of respondents positive that output will grow over the coming year, and many expressing concern over potential recessionary conditions.

Hassan Allam Utilities + Agility JV bags EGP 1.5 bn from CIB for logistics park in Egypt

Yanmu Logistics Park secures USD 48.5 mn in fInancing: Yanmu Logistics Park — a joint venture between Hassan Allam Holding subsidiary Hassan Allam Utilities and Kuwaiti warehousing and industrial developer Agility — has inked an agreement with Egypt’s Commercial International Bank (CIB) for a EGP 1.5 bn (USD 48.5 mn) loan to finance the construction of Yanmu East Logistics Park, according to a press release (pdf).

Where the money will go: The 10-year loan from CIB will partially cover the construction and development costs for the project, the press release added. The park costs some USD 100 mn to build, we reported earlier.

Where is the rest of the money coming from? The park will be jointly financed by the two partners through a mixture of debt and equity, the companies had said previously.

Advisors: Matouk Bassiouny & Hennawy was the advisor who coordinated the agreement.

Background: Hassan Allam Utilities had in March formed a joint venture — dubbed Yanmu — with Kuwaiti warehousing and industrial developer Agility to set up and operate two logistics parks in Egypt — Yanmu East and Yanmu West. Yanmu East Logistics Park — which was expected to open by August — will be located on the new Cairo Suez road close to Cairo International Airport and the Ring Road. Enterprise Logistics could not confirm the status of the project with Hassan Allam Utilities ahead of dispatch time.

Iraq's Federal Supreme Court voids shared control agreement for Khor Abdullah with Kuwait

The Iraqi Federal Supreme Court has annulled a maritime agreement with Kuwait concerning their shared control of Khor Abdullah, a crucial water route leading into the Arabian Gulf, Asharq Al Awsat reports. The court ruled that the agreement — signed by former Prime Minister Nouri al Maliki in 2013 — was unconstitutional because it should have been ratified by a two-thirds majority of the Iraqi parliament rather than a simple majority.

What agreement? The agreement designates Khor Abdullah as a maritime line dividing the two countries, and stipulates that “each party shall exercise its sovereignty over that part of the waterway which lies within its territorial water,” according to The National. The agreement was signed after the First Gulf War and is in line with a UN resolution issued in 1993, the outlet explains.

The maritime border has long been a source of controversy: The agreement has been a source of political controversy in Iraq, with activists arguing that it favored Kuwait at the expense of Iraq's navigational corridor in Al Khor. Khor Abdullah is Iraq's only gateway to the Gulf, facilitating the majority of its oil exports and imports.

What now? The two countries may resort to the UN again for a resolution, Asharq Al Awsat quotes an Iraqi MP as saying, though it’s unclear what the direct impact of the annulment will be for movement across the maritime border. MPs tell The National that the ruling will not effectively cancel the agreement, since it falls in accordance with international treaties like the UN.

More details soon? The Iraqi court yesterday also postponed a case filed by an MP to revoke two government decrees from 2021 to form committees made up of ministry officials with Kuwait to work on the demarcation of maritime borders, The National adds, citing MP Soud Al Saied. The issue will be discussed in a later session, when more supporting documents are provided, after the validity of the initial decrees was put into question by several MPs, the outlet adds.

REMEMBER- Kuwaiti Foreign Minister Salem Al Sabah and his Iraqi counterpart, Fuad Hussein, had met earlier this summer, and promised to work towards completing the demarcation of the maritime borders between the countries through talks between various technical committees. The visit had sparked controversy in Iraq at the time, The National said.

Joramco appoints a new supply chain vice president

Dubai Aerospace Enterprise (DAE)’s Amman-based aircraft maintenance and engineering arm Joramco has appointed Petra Lindemann (LinkedIn) as its new vice p resident of supply chain, according to a company statement. Prior to joining Joramco, she served as head of procurement services and interior at Swiss International Air Lines for over five years, after holding several positions at SR Technics Group.

Israel opens its embassy in Bahrain + UAE to finalize CEPA with Vietnam this year

Israel opens embassy in Bahrain to mark closer ties: Israeli Foreign Minister Eli Cohen headed a delegation of businessmen and public officials at the official opening of the country’s embassy in Manama, Bahrain on Monday, three years after the countries agreed to normalize ties, Reuters reports. “The [Bahrain] foreign minister and I agreed that we should work together to increase the number of direct flights, the tourism, the trade volume, the investments," Cohen reportedly said at the event.

The UAE is set to finalize a CEPA with Vietnam this year, WAM reports, citing Vietnamese Ambassador to the UAE Nguyen Manh Tuan. “Vietnam and the UAE are accelerating the negotiation of CEPA, which shall give great impetus to two-way trade between the two countries,” Tuan added. The pair had signed a joint declaration of intent to begin talks on a CEPA agreement back in April, before launching negotiations in June.

Qatar Airways Cargo launches new premium freight service + Oman joins International Association of Marine Aids to Navigation. PLUS: New flights to Sri Lanka + Bahrain

Qatar Airways Cargo rolls out freight service for valuable items: Qatar Airways Cargo has launched a new freight service for high-value cargo as part of its expansion strategy, according to a press release. The service offers secure shipment of valuable cargo such as precious stones, gold bullion, banknotes, or other cargo that is at high risk of theft like high-end electronics or newly launched products.The service offers high-loading priority, close monitoring and shipment escort, secure handling, transportation in strong rooms, and other features to ensure shipments are secure, the company said.

ALSO WORTH KNOWING-

Oman has joined the International Association of Marine Aids to Navigation andLighthouse Authorities (IALA), an intergovernmental organization focused on the safety of marine navigation. (Statement)
Air Arabia Abu Dhabi is launching direct flights from Abu Dhabi to Colombo, Sri Lanka three times a week starting 3 January 2024. (Trade Arabia)
Qatar Airways Cargo introduced three weekly freighter routes to Bahrain on 1 September, boosting weekly cargo capacity by 200 tonnes. (Statement)

Calendar

SEPTEMBER

September: Hassan Allam Utilities + Agility to open Yanmu East logistics park.

4-5 September (Monday-Tuesday): Seamless Saudi Arabia, Riyadh Front, Saudi Arabia.

4-6 September (Monday-Wednesday): The Sustainable Maritime Industry Conference, Ritz Carlton, Jeddah, Saudi Arabia.

4-8 September (Monday-Friday): Logistics and Transport Management, Dubai, UAE.

5 September (Tuesday): The Leaders in Logistics KSA Summit, Crowne Plaza Al Waha, Riyadh, Saudi Arabia.

11-14 September (Monday-Thursday): The Libyan Moroccan Forum for Trade and Business, Tangiers, Morocco.

11-15 September (Monday-Friday): London International Shipping Week 2023, International Maritime Organization, London, UK.

12 September (Tuesday): Global Pharma Logistics Summit 2023, ITC Maratha, Mumbai, India.

13-14 September (Wednesday-Thursday): The Belt and Road Summit, Hong Kong Convention and Exhibition Centre, Hong Kong.

17-18 September (Sunday-Monday): Sustainable Transportation and Legacy for Generations, Doha Exhibition and Convention center, Doha, Qatar.

18 September (Monday): Connecting Trade Worldwide (CTW) Global Summit 2023, Dubai, UAE.

18-19 September (Monday-Tuesday): Enterprise Finance Forum, St. Regis Hotel, Cairo, Egypt.

19-20 September (Tuesday-Wednesday): Economist Impact’s Global Trade and Supply Chain Summit, The Address Dubai Marina, Dubai, UAE.

20 September (Wednesday): Construction Week Leaders in Construction UAE Summit Grosvenor House, Dubai, UAE.

20-21 September (Wednesday-Thursday): Saudi Maritime Congress, Dhahran Expo, Damman, Saudi Arabia.

20-22 September (Wednesday-Friday): Transport Evolution Africa Forum and Expo, Inkosi Albert Luthuli ICC Complex (Durban ICC), South Africa.

20-23 September (Wednesday-Saturday): Meet the Buyers Workboats, Hyatt Regency, Dubai, UAE.

25-27 September (Monday-Wednesday): Airline Economics Growth Frontiers Middle East & Africa, The Ritz-Carlton, Dubai, UAE.

25-27 September (Monday-Wednesday): Agriculture Horticulture Development Board’s trade mission to Kuwait.

26-27 September (Tuesday-Wednesday):Gulf-Iraq Business Forum, Sharjah Chamber of Commerce and Industry, UAE.

27 September (Wednesday): TMS Transportation and Climate Change Conference (TACCC), Saadiyat Rotana Resort, Abu Dhabi, UAE.

26-28 September (Tuesday-Thursday): ProcureCon, Hyatt Regency Barcelona Tower, Spain.

26-28 September (Tuesday-Thursday): Breakbulk Americas, George R. Brown Convention Center, Houston, Texas.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

OCTOBER

Egypt’s Suez Canal Economic Zone (SCZone) goes on a roadshow to South Korea.

3-4 October (Tuesday-Wednesday): IATA World Sustainability Symposium, Madrid, Spain.

3-5 October (Tuesday-Thursday): Smarter Mobility Africa Summit, South Africa.

9-15 October (Monday-Sunday): 2023 World Bank Group - IMF Annual Meetings, Marrakech, Morocco.

10-12 October (Tuesday-Thursday): Autonomous E-mobility Forum, Doha, Qatar.

10-12 October (Tuesday-Thursday): Cool Logistics Global 2023, Genoa Stock Exchange, Genoa, Italy.

16-17 October (Monday-Tuesday): Duqm Economic Forum, Crowne Plaza, Duqm, Oman.

24-25 October (Tuesday-Wednesday): Future Fuels Europe, Amsterdam, Netherlands.

26-29 October (Thursday-Sunday): ICASM 2023, Conrad, Etihad Towers, Abu Dhabi, UAE.

30 Oct-2 Nov (Monday-Thursday): XLP AGM 2023, Barcelona, Spain.

30-31 October (Monday-Tuesday): Gartner Supply Chain Planning Summit, London, UK.

31 Oct-2 Nov (Tuesday-Thursday): IAPH World Ports Conference, Abu Dhabi, UAE.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

NOVEMBER

November: Abu Dhabi Airports Terminal A set to become operational.

1 November (Wednesday): Smart Maritime Network Dubai Conference, Conrad Dubai, UAE.

9-15 November (Thursday-Wednesday): Intra-AfricanTrade Fair, Cairo, Egypt.

15-17 November (Wednesday-Friday): Global Freight Summit 2023, Coca Cola Arena, Dubai, UAE.

13-17 November (Monday-Friday): Dubai Airshow, Dubai World Center, UAE.

14-15 November (Tuesday-Wednesday): Supply Chain & Logistics Arabia, Narcissus, Riyadh, Saudi Arabia.

14-17 November (Tuesday-Friday): IATA Slot Conference, Dubai World Trade Centre, Dubai, UAE.

15 November (Wednesday): Leaders in Logistics UAE Summit, Dubai, UAE.

21-23 November (Tuesday-Thursday): Intermobility Expo 2023, Dubai World Trade Center, Dubai, UAE.

21-23 November (Tuesday-Thursday): Touchdown Middle East, Gulf Hotel, Bahrain.

21-23 November (Tuesday-Thursday): ARABAL 2023 Conference, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.

23 November (Thursday): Global Supply Chain and Logistics Summit, Grand Millennium Hotel Business Bay, Dubai, UAE.

30 November-3 December (Saturday-Tuesday): Handling Expo, Egypt International Exhibition Center, Cairo, Egypt.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

DECEMBER

10-11 December (Tuesday-Wednesday): Invest in Logistics, St.Regis Almasa Hotel, New Administrative Capital, Egypt.

EVENTS WITH NO SET DATE

2H 2023:Construction of Neom’s first hydrogen fueling station will kick off.

2H 2023: Expansion of Baghdad International Airport to begin.

3Q 2023: Design and supervision contract for Oman’s proposed Musandam Airport to be awarded.

Before the end of the year: The first phase of the Ain Sokhna port redevelopment will wrap.

2024

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

1H 2024: Work is scheduled to begin on the 162 km Rasht-Astara railway in Iran.

King Salman Energy Park is set to become operational in 2024

FEBRUARY 2024

13th World Trade Organization Ministerial Conference, Abu Dhabi, UAE.

12-13 February (Monday-Tuesday): Breakbulk Middle East conference, Dubai Trade Centre, UAE.

12-15 February (Monday-Thursday): African Air Expo, Cape Town, South Africa.

28 February-1 March (Wednesday-Friday): MENA Transport Congress and Exhibition 2024, Dubai, UAE.

MARCH 2024

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

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

MAY 2024

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

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

JUNE 2024

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

NOVEMBER 2024

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

DECEMBER 2024

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

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.

2027

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

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