Qatar goes big on LNG carriers

1

What we're tracking today

TODAY: Iraqi Airways eyes further expansion with new flights to Moscow + UAE approves new aviation, transport projects

Good morning, lovely people. We’re closing out the week today with a much busier issue, as the newsflow finally recovers from a long slump.

THE BIG LOGISTICS STORY- Saudi Arabia’s cabinet has greenlit a project to link the kingdom to Kuwait via a 111km railway. Over in Qatar, state energy firm QatarEnergy has made a blockbuster acquisition of 14 LNG carriers from HD Hyundai Heavy Industries.

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

HAPPENING TODAY-

Jordan’s army has downed two drones carrying methamphetamine across the border with Syria, Reuters reports. Jordan blames Iranian-backed militias in southern Syria for increased drug smuggling operations across its border.

I raq’s national carrier Iraqi Airways wi ll resume direct flights between Baghdad and Moscow on 30 September, Iraqi news reports. The carrier will operate two flights weekly to Moscow. The airline is also expected to begin operating flights to Oman, Indonesia, Malaysia, and China, the outlet quotes Iraqi Airways Director General Manaf Abdel Monem as saying.

The airline has been making moves to expand: Manaf recently met with Canadian Ambassador to Iraq Gregory Galligan to discuss lifting an EU ban on the carrier. The carrier has also recently added two Boeing 737-8 MAX aircraft to its fleet and aims to add 31 new aircraft by 2027.

Dubai’s Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum has approved a set of new proje cts across sectors like transport, aviation, urban planning and health care, Emirati news agency WAM reports. The project comes as part of the third phase of its “Dubai 10X” initiative, which aims to position the emirate as a world leader, and focuses on innovative and unconventional projects and initiatives on a global scale, WAM writes. The projects are poised to “streamline and expedite transportation,” enhance the travel experience at Dubai’s airports, and establish a robust healthcare system, Al Maktoum commented.

DATA POINT- Bahrain’s trade deficit narrowed to BD 39 mn in August, according to data from its Information and e-government authority. The country’s imports rose 3% y-o-y to BD 534 mn during the month, while exports rose 8% y-o-y to BD 416 mn, according to the data. The three countries Bahrain exported the biggest amounts to were Saudi Arabia, the US and the Netherlands.

MARKET WATCH-

Mideast-Asia oil shipping rates rebound, but analysts say it’s unlikely to last: Output supply cuts led by Saudi Arabia are expected to cap oil shipping freight rates for Middle Eastern crude oil to Asia for the remainder of the year, despite a recent rebound from a 19-month low in September, Reuters cites industry sources as saying. With Saudi crude exports rebounding back to July levels this month as Saudi Arabia fulfills its October deliveries, VLCC rates had also improved, but they are unlikely to meet the levels of 4Q 2022 as supply cuts begin to take effect and as demand from China eases, the outlet cites Oil Brokerage Global Head of Shipping Research Anoop Singh as saying.

China’s oil exports are expected to rise in October: China is expected to experience a surge in fuel products next month as state-owned refiners are taking advantage of lucrative margins and a recovery in international flights, which has led to heightened Western demand, according to analysts and industry sources cited by Reuters. Fuel exports are forecasted to reach 4.02 mn tonnes in October, up from just 2.38 mn tonnes in September, according to Kpler data cited by Reuters.

NON-LOGISTICS REGIONAL HEADLINES-

Egypt: China Eximbank is reportedly set to extend Egypt a USD 400 mn loan for the light rail transit (LRT) system. The loan will be earmarked for the third phase of the LRT, which will include four stations across 20.4 km. (Asharq Business)
KSA: PIF-backed Lucid Group has opened its first-ever international car manufacturing facility in King Abdullah Economic City, which will have capacity to assemble 5k Lucid vehicles annually, with plans to ramp up capacity to 155k electric vehicles annually in the long term. (Press release)
UAE: Abu Dhabi Securities Exchange (ADX) has partnered with Sharjah Islamic Bank to streamline and facilitate greater access to IPO subscriptions for investors, by simplifying processes of obtaining national investor numbers, setting up trading accounts for the bank's clients, and eliminating the need for paperwork. (WAM)

CIRCLE YOUR CALENDAR-

The Engineering Export Council of Egypt (EEC) will lead a trade mission consisting of 22 Egyptian companies to Iraq from 23 to 29 September. The delegation will tour Erbil and Baghdad. The participating companies, which operate across various sectors of the engineering industry, will be looking to secure export agreements with the Iraqi market.

The 20th edition of Automechanika Dubai is set t o take place on 2-4 October in Dubai World Trade Center. The event functions as a trading hub for automotive players in regions facing accessibility challenges, including the MENA region, Asia and CIS nations. More than 1k exhibitors from over 53 countries will attend the event, with almost 43k trade visitors from 145 countries joining.

The Total Freight Worldwide’s Fresh Summit 2023 will take place in Madrid, Spain on 4 October, where participants will discuss the latest trends in transportation of perishable cargo.

A Saudi-Turkish Summit is scheduled to take place in Istanbul, Turkey on 8-12 October. Organized by the Türkiye Exporters Assembly in coordination with the Turkish Commerce Ministry, the summit will be attended by Turkish exporters and 70 members of Saudi Arabia’s Riyadh Chamber of Commerce. The participants will also include representatives from an array of sectors including food, non-ferrous metals, textiles, ready-made garments, chemicals, and furniture.

The GCC-Türkiye Economic Forum is set to take place on 11-13 November in Çırağan Palace Kempinski Hotel, Istanbul, Turkey. The event will cover trade, investment and finance, energy, infrastructure, transportation and logistics, industry, tourism, agriculture and food, and sports sectors.

Shaping the Future of Shipping Summit , organized by the International Chamber of Shipping, will take place on 9 December in the UAE. The event will bring together government officials and leaders in energy, maritime, and all parts of the supply chain to discuss plans to address climate change and help transition the industry towards sustainability.

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

Saudi cabinet gives thumbs up to railway link with Kuwait

Saudi Arabia’s cabinet greenlit a S audi-Kuwait rail link project on Tuesday, Kuwaiti news agency KUNA reports. The Saudi Transport and Logistics Services Ministry had been tasked to negotiate with Kuwait for a draft agreement for the project, Arab Times reports.

About the project: The railway, which will be used by freight and passenger trains, is a single track line spanning 111km from the Nuwaiseeb Port on Saudi Arabia’s northern border with Kuwait to Al Shadadiyah in Kuwait.

Background: Saudi Arabia’s state-owned national railway firm Saudi Railway Company and the Saudi Transport General Authority in May tapped French transport and mobility engineering company Systra to complete the feasibility study for the project. The study will also cover the passenger terminal, cargo yard, and border facility at Saudi Arabia, and will see Systra provide estimates for the costs of construction, operations, and maintenance.

REMEMBER- GCC countries are working on a 2.1k km railway linking the six member states together. The proposed project is expected to cost over USD 15 bn, according to Al Weeam. Although the project was initially ratified in 2009, progress had been delayed for several years, with feasibility and traffic studies just recently being completed. The GCC Railway Authority is currently coordinating with each country to ensure that they follow uniform standards and guidelines in building the railway.

QatarEnergy acquires QR 14.2 bn in new LNG carriers

Qatar’s state-owned QatarEnergy has inked a QR 14.2 bn (USD 3.9 bn) agreement with Korea’s HD Hyundai Heavy Industries (HHI) for 17 “ultra-modern” LNG carriers, according to a company press release. The acquisition kicks off the second phase of QatarEnergy’s ambitious vessel acquisition program.

The vessels ordered look to support long-term fleet replacement requirements and keep pace with LNG production as capacity ramps up with the North Field LNG expansion and Golden Pass LNG export projects, the statement said.

REMEMBER- We first got wind of the contracts when South Korean outlets reported in June that QatarEnergy was in talks with South Korea’s “Big 3” shipbuilding companies — HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries — for a new order of LNG carriers.

There could be more coming: The company is reportedly looking to purchase USD 10.7 bn worth of vessels — making for a total of 40 vessels — from each of the “big 3” firms.

The acquisition spree is the largest in LNG industry history,the company said in the statement.The first phase of QatarEnergy’s fleet expansion program saw it sign contracts with South Korean and Chinese shipyards for 60 new vessels, with the latest orders bringing the total vessels under construction for the company to 77, the release said.

Iraqi cabinet approves new oil export project, set to boost exports by 500k bbl / d

I raq’s cabinet has approved an IQD 1.2 tn (USD 1.26 bn) major oil pipeline project, according to a cabinet statement.Iraq’s Finance Ministry will provide the funds for the project, which involves two marine pipelines and the development of an oil export terminal, Zawya cites Iraqi outlets as saying.

ICYMI- Funds for the Sealine 3 project were approved back in June, but have since been held by the Finance Ministry. They have now been allocated as part of the Oil Ministry’s planned budget for investments for the next three years, according to the statement.

What we know: The funds will be put towards construction of two pipelines as part of the project dubbed Sealine 3, which includes the rehabilitation of the Khor Al Amaya oil export terminal, and of a new marine platform in Basra port, the outlet writes. The subsea oil export pipeline project is reported to be carried out by Dutch dredging, maritime, and infrastructure leader Boskalis, the outlet adds.

The expected impact: Theproject will allow Iraq to increase oil production by 500k barrels per day (bbl /d) and avoid the loss of some 2 mn bbl / d if these projects are not executed, Zawya quotes officials as saying.

Prostar Capital sells oil storage terminal at Fujairah to M&M

Asia-Pacific-based private equity player Prostar Capital has sold bulk liquid storage terminal GTI Fujairah (GTIF) to energy trader Mercantile & Maritime Group (M&M) , according to a press release. GTIF is located in UAE’s Fujairah Port — which is among the world’s largest bunkering hubs — and has a capacity of some 350k cubic meters.

What M&M said: “By increasing our presence in the Middle East, this acquisition, which illustrates our long-term direction and continued strategic portfolio expansion, provides the infrastructure for enhanced access to both growing and established markets," CEO and Group Founder at M&M Murtaza Lakhani said in statements carried by the release.

This doesn’t mark Prostar’s complete exit from Fujairah: It still owns 40% of GTIF's neighboring 1.2 mn [cubic meter] bulk liquid storage facility, Fujairah Oil Terminal, Senior Managing Director Dave Noakes said in statements carried by the release.

Regional logistics firms receive accolades at the Logistics & Transport Awards + Dnata gets IATA environmental management certification. PLUS: Etihad Airways gets five-star rating

The rundown on the Logistics & Transport Awards 2023: DP World, Mawani, Trukker and FedEx Express are among the companies that took home awards for port operations, freight forwarding, and tech solutions at the Logistics & Transport Awards 2023, the sixth iteration of the yearly awards run by Logistics News Middle East, Construction Business News reports. The highlights:

DP World got three: DP World was awarded the “terminal operator of the year” award in recognition of Jebel Ali port; the “international freight forwarder of the year” award; and the “tech solutions provider in logistics & supply chain” award in recognition of the work of its subsidiary Dubai Trade ;
Mawani took two: The Saudi Ports Authority received the customer experience excellence award, and the port of the year award in recognition of Jeddah Islamic Port;
As did global Logistics outfit ALS Logistics Services, which was recognized as logistics innovator of the year and unique solutions provider of the year;
Dubai’s Transcorp Logistics received the express logistics provider of the year as well as the last mile company of the year awards;
FedEx was awarded the logistics company of the year award;
Trucking startup Trukker received the freight operator of the year award;
Dubai-based 3PL provider Global Logistics Solutions (GLS) received the 3PL company of the year award;
Dubai Industrial City was recognized as the leading manufacturing and logistics hub, while Dubai South was recognized as global hub of the year.

Dubai-based Dnata became the first combined air services provider to obtain the International Air Transport Association’ (IATA) environmental management certification, according to a statement. The certificate evaluates the dedication of aviation players, including airlines, airports, cargo handling facilities, freight forwarders, and ramp handlers, to continuously strengthen their environmental and sustainability performance. IATA’s assesment included 74 mandatory and all three optional modules which examined Dnata’s sustainability practices and initiatives across its UAE operations. Dnata’s baggage technology and logistics company — Dubz — was also awarded the certification.

Etihad Airways has earned its third consecutive five-star rating Ap ex award: The UAE’s national airline, Etihad Airways, has been rated as a five star global airline by the Airline Passenger Experience Association (Apex) for its third consecutive year at the Apex awards ceremony in California, Emirates news agency(WAM) reports. The award is based on passenger feedback and insights gathered in partnership with travel-organizing app Tripit from Concur, and is awarded independently by a professional external auditing company, WAM writes.

Qatar, South Korea eye boosting shipbuilding, energy supply chains + Iraq vows to look for resolution for Khor Abdullah dispute with Kuwait

Qatar and South Korea eye stronger energy supply chains: South Korea’s Trade, Industry and Energy Minister Bang Moon Kyu met with Qatar’s Minister of State for Energy Affairs Saad AlKaabi in Seoul to discuss strengthening their energy and shipbuilding supply chains, according to a ministry statement. The pair discussed pursuing new partnerships in renewable energy, hydrogen and ammonia production and use, technology, and peer-to-peer exchanges, the statement said.

Iraq want s to overcome dispute with Kuwait over marine navigation: Iraqi Prime Minister Mohammed Shia Al Sudani said Iraq is ready to resolve the dispute with Kuwait over marine navigation in the Khor Abdullah waterway, according to a statement by the PM’s office. The PM said the country is looking for a viable solution that aligns with both its constitution and international law, according to Reuters.

REMEMBER- Earlier this month, the Supreme Court in Iraq ruled the 1993 agreement governing the waterway was unconstitutional because it should have been ratified by a two-thirds majority of the Iraqi parliament rather than a simple majority. GCC countries, along with the US, have since been calling for a clear resolution to address the potential negative repercussions of the annulment of the law.

ALSO WORTH KNOWING-

Emirati Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and the Netherlands’ Prime Minister Mark Rutte discussed cooperating on smart mobility, as well as renewable energy, the space industry, AI, and agri-tech. (WAM)
Saudi Transport and Logistics Services Deputy Minister Rameeh Al Rameeh held talks with Pakistani Communications Deputy Minister Mohammad Khurram Agha during the Global Sustainable Transport Forum in Beijing to discuss strengthening logistics and transportation ties. (Statement)
Bahrain’s Transportation and Telecommunications Minister Mohammed bin Thamer Al Kaabi met with China’s Director of Civil Aviation Administration Zhong Chibing during the Global Sustainable Transport Forum in China to discuss cooperation in civil aviation and developing air and logistics services between the two countries. (Bahrain News Agency)
UAE Energy and Infrastructure Minister Suhail Al Mazrouei met with Chinese Transport Minister Li Xiaoping during the Global Sustainable Transport Forum in Beijing to discuss boosting cooperation in transport and logistics. (WAM)

Global trade falls at fastest pace since covid-19 + Sustainable aviation fuels’ prices are not going down anytime soon, IATA chief says

Global trade takes biggest hit since the pandemic: Global trade contracted at its quickest rate since 2020 in July, according to figures picked by the Financial Times. The World Trade Monitor, published by the Netherlands Bureau for Economic Policy Analysis, shows that volumes declined 3.2% y-o-y during the month, accelerating from June when trade fell 2.4%. This is the most severe fall since mid-2020 when global supply chains were suffering through the wave of covid-19 lockdowns across the world.

Driving the trend: Sharply higher interest rates across the world, higher inflation, and increased domestic spending on services post-lockdown.

A gloomier forecast: The figures are likely to add to the concerns that a slowdown in global growth could accelerate in the coming months. Industry experts anticipate trade volumes to continue to weaken: S&P Global’s PMIs for the US, the eurozone and the UK have all signaled a sharp contraction in August and September.

S AF prices likely to stay high, IATA chief says: Sustainable aviation fuel (SAF) prices are more likely to stay more expensive than kerosene even in the face of large-scale production kicks, but the cost won’t deter airlines from meeting their carbon emissions targets, Reuters quotes International Air Transport Association(IATA) head Willie Walsh as saying during a conference. “SAF will always be priced at a premium to kerosene,” and prices will only come down when deliveries reach a large scale compared to the “tiny volumes now,” Walsh said.

ALSO WORTH KNOWING-

Atlas Air Worldwideappointed former Etihad Airways Cargo’s Martin Drew as its chief strategy and transformation officer, in the latest in a string of Middle East airline executives to find new roles abroad. (Freightwaves | Air Cargo News | Stat times)

New shipping lines in King Abdul Aziz Port, Kuwait’s Shuwaikh and the UAE’s Khalifa + Menzies Aviation nabs seven ground handling licenses in Spain. PLUS: More from Joramco

SHIPPING + MARITIME-

New ro-ro shipping line launches between Kuwait’s Shuwaikh port + Khalifa port in UAE: A new sea shipping line dedicated for the transport of vehicles and ro-ro goods has been launched between Kuwait’s Shuwaikh port and the UAE’s Khalifa port, according to a Kuwait Ports Authority statement. The first ship — named SSF Ania — docked at the Kuwaiti port yesterday. The shipping line, which reduces transport time from five days via trucks to just one day, comes in a bid to boost trade between the countries. The service began on a weekly basis, and will increase upon higher volume of shipments, according to the statement. The direct shipping line was first announced back in March.

King Abdul Aziz port added to MSC’s India-East Med servic e: MSC has added Dammam’s King Abdul Aziz Port to its India East Med (IMED) shipping line, linking it to more ports in India and the Eastern Mediterranean, according to a Mawani statement. The shipping line operates on rotation between Qatar’s Hamad Port, the UAE’s Jebel Ali and 13 more ports in Turkey, India and Africa, according to the statement.

AVIATION-

Kuwait’s Agility subsidiary Menzies Aviation has secured seven ground han dling licenses in Spain,according to a disclosure (pdf) on Boursa Kuwait. Spain’ Airport Authority handed Menzies licenses to provide ramp and passenger services at seven airports: Barcelona, Mallorca, Palma Malaga, Tenerife Sur and Tenerife Norte, Alicante and Gran Canaria. The seven-year licenses will see Menzies begin to offer its services in early 2024, and could bring in up to USD 1 bn in revenues.

Background: The company has an aggressive expansion strategy to increase its current 250 locations to 300 by the end of 2024 or early 2025. It recently renewed its ground and air cargo handling services with Jazeera Airways. It also established a ground services company in Malaysia’s Kuala Lumpur International Airport back, as well as acquiring a majority stake in Cargo Handling Services at Bulgaria’s Sofia International Airport.

ALSO WORTH KNOWING-

Jordanian maintenance, repair, and overhaul player Joramco has inked a new maintenance agreement with Philippine Airlines at the MRO Asian Pacific 2023 conference and exhibition, for servicing and modifications to five additional aircraft in the Philippine Airlines fleet. (Press release)

Amazon faces major antitrust challenge

Amazon is in hot water over alleged monopolistic practices: US antitrust regulator the Federal Trade Commission (FTC) and 17 states are suing e-commerce giant Amazon for alleged monopolistic practices, the Associated Press (AP) reports. The allegations include that Amazon is overcharging sellers, inflating prices and stifling competition, according to the AP. Claimants are asking the court for a permanent injunction that would ban Amazon from practices that violate state and federal antitrust laws and ease “monopolistic control to restore competition,” according to statements carried by AP.

This is big: The lawsuit comes on the heels of a multi-year probe into Amazon’s practices and represents the most serious legal challenge faced by the outfit in its 30-year history, AP also said.

The response: “If the FTC gets its way, the result would be fewer products to choose from, higher prices, slower deliveries for consumers, and reduced options for small businesses — the opposite of what antitrust law is designed to do,” Amazon General Counsel David Zapolsky said in a prepared statement cited by the AP.

Calendar

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.

26-29 September (Tuesday- Friday): International Exhibition of Rail Transportation & Related Industries (Iran Rail Expo), Tehran International Permanent Fairground, Tehran, Iran.

27-28 September (Wednesday-Thursday): MRO Asia-Pacific, Singapore Expo Convention and Exhibition Centre, Singapore.

29 September (Friday): Global Ports & Shipping Summit, Taj Santacruz, Mumbai, India.

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.

2-4 October (Monday-Wednesday): Automechanika, Dubai World Trade Center, Dubai, UAE.

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

4 October (Wednesday): Total Freight Worldwide’s Fresh Summit 2023, Madrid, Spain.

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

8-10 October (Sunday-Tuesday): Saudi-Turkish Trade Summit, Istanbul, Turkey.

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): Intermodal Europe 2023, RAI Amsterdam, Netherlands.

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.

11-13 November (Saturday-Monday): GCC-Türkiye Economic Forum, Çırağan Palace Kempinski Hotel, Istanbul, Turkey.

9-15 November (Thursday-Wednesday): Intra-African Trade 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.

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

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.

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

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.

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

2027

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

Sections

About

Privacy & Support

Get EnterpriseAM daily