Sisco Holding snags a 51% stake in Saudi-based Ports Services & Storage Company

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What we're tracking today

TODAY: Sisco acquires 51% of PSS + KKR nabs minority stake in Adnoc’s pipelines unit

Good morning, friends. The news cycle is picking up vigor, leaving us with a packed issue as we head into the weekend. Leading the news well today are M&A updates from Saudi and the UAE, followed by fleet expansion and aerospace projects news from Saudi and Morocco. Let’s get the ball rolling.

HAPPENING TODAY-

The Global Rail Transport Infrastructure Exhibition and Conference is on its last day in Abu Dhabi, the UAE. The event is hosted by Etihad Rail and is attended by over 200 global speakers, including top executives from Etihad Rail, Dubai Airports, Korea National Railway, Keolis, DHL Global Forwarding, Parsons, Saudi Arabia Railway, and Talgo.

The Saudi Maritime and Logistics Congress is on its last day in Dammam, Saudi Arabia. The event is hosting over 200 registered exhibitors and some 15k attendees from over 90 countries to discuss AI-powered fleet optimization, shifts in global trade, and intelligence-driven infrastructure. Speakers include the Kingdom’s Transport Minister Saleh bin Nasser Al-Jasser, Bahri CEO Ahmed Alsubaey, and King Abdullah Port CEO Jay New.

WATCH THIS SPACE-

#1- #1- Gulftainer eyes USD 1 bn investment in Egypt’s ports: Sharjah-based private port operator Gulftainer is planning to invest USD 1 bn in Egypt’s container terminal management and port logistics services, according to an Egyptian Commercial Representation Service statement. This came during a meeting between Egyptian Transport Minister Kamel El Wazir and company officials on the sidelines of the World Maritime Day Parallel Event in Dubai. The company is looking at managing and operating container terminals in East Port Said, Alexandria, or Damietta.

What’s next? A delegation from the company will visit Egypt soon to assess opportunities ahead of potential agreements.

ALSO- UAE maritime players are in active talks with Bangladeshi officials for potential investments in Bangladeshi ports — including Bangladesh's Chittagong port, shipping consultant and Bangladeshi government member Sakhawat Hussain told state news agency Wam. Initial discussions already took place with several undisclosed Emirati players to acquire a major Bangladeshi port and manage its operations, Hussain noted, without providing any specific details.

UAE majors have been eying Chittagong for some time: AD Ports inked an MoU in 2024 to explore the development and operation of a multi-purpose terminal in Chittagong port. Dubai-based port operator DP World was also linked to Chittagong, with reports last January saying the firm is exploring investing in a new terminal.

Other international players have already secured spots in Chittagong: Saudi firm Red Sea Gateway Terminal (RSGT) said last January it is planning to invest up to USD 200 mn in Chittagong Port’s Patenga Container Terminal — which it already manages through a 22-year concession. Maersk’s subsidiary APM Terminals also broke ground on the construction of the Laldia Container Terminal in Chittagong in May, as part of a 20-year build-operate-transfer concession.

#2- Etihad Rail is looking to launch a bonded rail corridor linking Abu Dhabi’s Khalifa Port to Fujairah port terminals, after signing an MoU with Abu Dhabi Customs, Fujairah Customs, AD Ports Group, Fujairah Terminals, and Noatum Logistics to advance the project, according to a statement. The rail project will also connect the two ports to their adjacent freezones, forming a “customs corridor” that could help reduce clearance times through coordinated customs operations.

The rail route will begin pilot operations in 4Q, with CEO Shadi Malak noting that the first freight trip — which would also link DP World in Dubai with the other emirates — could happen within two weeks, Zawya reports.

Etihad Rail is planning expansions into its rail freight network, intending to displace big volumes of goods moved off roads to cut the sector’s emissions by 21%, the National reports, citing remarks from Etihad Rail’s freight chief Omar Al Sebeyi. The country’s aggregate line — the national network’s main load in terms of volume — is currently at 100% capacity, moving 50k tons of aggregate per day.

#3- Egypt extends probe into Chinese, Turkish steel: Chinese and Turkish steel sheet exporters are still not off the hook over dumping allegations, with the Egyptian Investment Ministry extending its year-long anti-dumping investigation by another six months, according to a decision published in the Official Gazette. The investigation into cold-rolled, galvanized, and coated steel sheets originating in or exported from China and Turkey will now run for a total of 18 months and wrap up by the end of April.

The news follows a raft of incentives for the three types of steel sheets just last week, courtesy of the Industry Ministry, which said it was seeking to expand Egypt’s industrial base, cut reliance on imports, and boost exports. Also helping local producers are recently introduced safeguard tariffs, with an 11.1% tariff on cold-rolled steel, a 12.6% levy on galvanized steel sheets, and a 4.9% charge on colored steel sheets coming into effect last month.

DISRUPTION WATCH-

Houthis pledge to target US oil trade: Yemen’s Houthi militants have sanctioned 13 US oil firms, nine executives, and two vessels, according to a statement by the Humanitarian Operations Coordination Center (HOCC), a Houthi-run platform. The group said they plan to target these entities for facilitating the “export, re-export, transport, loading, purchase, or sale of U.S. crude oil… whether directly or indirectly, including ship-to-ship (STS) transfers, in whole or in part, including through third parties.”

Among the targeted entities are US oil giants ExxonMobil and Chevron — both active in the regional oil trade. For example, we know Chevron — whose subsidiary Chevron Supply and Trading was named in the Houthi list — has turned to the Middle East for crude supplies as an alternative to Venezuelan oil, and its shipping routes traversing the region were once targeted in 2023 when Iran seized one of its tankers in the Arabian Gulf. Despite rising tensions in the Red Sea last year, Chevron made no “fundamental changes” to its shipping routes, implementing a ship-by-ship security analysis for each voyage, CEO Mike Wirth told Bloomberg then.

It’s unclear how the Houthis intend to target these US companies, or how disruptive their actions might be to crude flows to and from the region. “It remains unclear whether these sanctions signal that the Houthis will begin targeting vessels linked to the sanctioned organizations,” but the impact on regional crude flows is expected to be minimal since they are usually handled by non-US players, founder of US-based Risk Advisory Basha Report Mohammed Albasha wrote on LinkedIn.

IN CONTEXT- The Houthis said that the sanctions are in retaliation against Washington’s airstrikes on Yemen and come in response to a spate of US sanctions imposed on the militant group this year, despite an Oman-brokered truce between Yemen and the US reached last May, the statement said.

ALSO- Houthis have claimed responsibility for this week’s attack on a Dutch-flagged cargo vessel in the Gulf of Aden, Reuters reports. The Houthis claimed they targeted the ship because its owner had defied the “entry ban to the ports of occupied Palestine,” Houthis spokesperson Yahya Sarea said (watch, runtime: 1:01).

MARKET WATCH-

#1- Oil prices increased this morning as fears of new sanctions on Russian oil trade, tightening global supplies, weighed in, Reuters reports. Brent crude futures rose by USD 0.37 to USD 65.72 / bbl as of 04.01 GMT, while US West Texas Intermediate (WTI) gained USD 0.34 to trade at USD 62.12 / bbl.

MEANWHILE- The long-standing “Saudi put” that once kept oil markets from sliding too low has faded, with the Kingdom flooding the market this year even as futures slumped into the USD 60s, Bloomberg argued. Instead, China has quietly taken up the stabilizing role by stockpiling and pulling excess barrels from the market, diverting them into strategic reserves. By absorbing supplies that might otherwise swell visible in Western inventories, China has muted downward pressure on global benchmarks.

That shift leaves prices unusually reliant on China’s stockpiling appetite. For now, it’s offsetting forecasts of a looming glut through next year, but traders warn that if Chinese reserve building slows, the market could face a sharper correction than current prices suggest.

By the numbers: The kingdom’s crude exports climbed to 6.42 mn bbl / d in September — the highest in a year and a half — Bloomberg reports, citing its tanker-tracking data. Shipments rose by just over 600k bbl / d, compared to August, indicating that the global market is finally receiving the Kingdom’s share of Opec+ output hikes. However, Saudi Arabia was expected to export less crude oil to China in September, down from August volumes that were at a more than two-year high.

#2- Aramco cut its October contract prices for liquified petroleum gas (LPG) to the lowest levels since August 2023, trimming propane to USD 495 per ton and butane to USD 475 per ton, Bloomberg reported yesterday. The move caught traders off guard, coming in around USD 50 below their market expectations.

Future volumes in question: The price drop follows hesitancy among term buyers to lock in the same volumes from Aramco for 2026 that they had agreed to this year, traders told the business news service. Negotiations over next year’s term supply are still underway, with traders suggesting that the October cut signals Aramco may keep prices favorable in the year ahead.

The lower contract price sheds light on the intensifying competition between Middle Eastern suppliers and US exporters. This “supply battle” comes after the US shipped a record volume of LPG to Indonesia last month — a key demand hub alongside India, Samantha Hartke, head of market analysis for the Americas at Vortexa, told the news service.

#3- Baltic index continues to fall: The Baltic Exchange’s dry bulk sea freight index — which tracks rates for the capesize, panamax, and supramax vessel segments — declined 154 points to 1,980, its lowest since 5 September. The capesize decreased 415 points to 2,890, while the panamax index shed 51 points to 1,725. The smaller supramax index eased 6 points to 1,467.

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CIRCLE YOUR CALENDAR-

The UK will host the Marine Environment Protection Committee Extraordinary Session from Tuesday, 14 October until Friday, 17 October at the International Maritime Organization’s (IMO) HQ in London. The session is set to see the intergovernmental body formally adopt its Net-Zero Framework — rolling out new fuel standards for ships and a global pricing mechanism for emissions.

Belgium will host the AntwerpXL on Tuesday, 14 October until Thursday, 16 October in Antwerp. The expo will host 3.8k project cargo, break bulk, RoRo, heavy lift, and industry experts to expand collaborations. It will co-locate with the Transport and Logistics conference and exhibition.

Morocco will host the International Forum and Expo on Mobility, Transport, and Logistics (Logiterre) on Thursday, 16 October until Saturday, 18 October in Casablanca. Logiterre will host main operators within the industry from West and Central Africa.

The UAE will host the Adipec Maritime and Logistics Exhibition and Conference on Monday, 3 November until Thursday, 6 November in Abu Dhabi. The conference will host over 250k attendees working in government entities, finance, and tech.

The UAE will host the Air Cargo Forum on Tuesday, 4 November until Thursday, 6 November in Abu Dhabi. The forum — hosted by Etihad Cargo — will bring together air freight industry leaders, policymakers, innovators, and stakeholders to discuss industry solutions, tech, strategies, and collaborative initiatives for global air logistics.

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

Sisco Holding acquires a 51% share in port and storage services outfit PSS

Port Services and Storage Company has a new majority shareholder: Tadawul-listed Sustainable Infrastructure Holding Company (Sisco Holding) inked a sale and purchase agreement to acquire a 51% equity stake in Port Services and Storage Company (PSS), according to a Tadawul disclosure (pdf). The transaction will be locked in this quarter — with the contract still subject to regulatory clearance from the General Authority for Competition.

Playin’ with paper: The total purchase price, which is fully financed in banknotes, is valued at up to SAR 132 mn — consisting of an initial payment of SAR 91.8 mn and performance-based earn-out payments of up to SAR 40.8 mn. The latter payment is pegged to specific financial targets to be met over the next two years.

Sisco is leveling up its logistics game. Sisco currently houses logistics service providers LogiPoint and PSS in its logistics real estate portfolio — two firms that will enable it to operate and develop warehousing solutions across the Eastern Province. It is also involved in the Kingdom’s flagship container terminal at Jeddah Islamic Port, Red Sea Gateway Terminal.

About PSS: Established in 2007, PPS offers built-to-suit warehousing and comprehensive logistics services. It manages over 130k sqm of logistics infrastructure in Dammam and Jubail — with ambitions to build an additional 280k sqm of leasable land in the same region. PSS is also looking to expand its involvement at Jubail Logistics Park, the statement adds.

Warehousing market is heating up: The Kingdom’s warehouses closed in on 100% occupancy rates in 1H 2025, driven by steady industrialization and e-commerce growth, according to data from Knight Frank. Riyadh recorded a 16% y-o-y hike in warehouse rents, reaching an average of SAR 208 per sqm and an overall occupancy rate of 98%.

KKR buys into Adnoc’s gas pipeline network

KKR returns to Adnoc’s pipeline: KKR nabbed a minority stake in Adnoc’s gas pipeline network — Adnoc Gas Pipeline Assets — for an undisclosed amount, as the New York-based private equity firm looks to deepen its regional footprint, according to a press release. The investment, made through KKR’s managed accounts, plugs into Abu Dhabi’s strategy of courting global capital for core infrastructure without ceding control.

Adnoc Gas Pipeline Assets links the company’s upstream production to local off-takers in the UAE, operating 38 pipelines and two export terminals across the country, CNBC reported. While KKR is buying into the financial structure, pipeline ownership and operational management remain within Adnoc, allowing the state oil firm to retain control over critical national infrastructure.

A familiar playbook: The move echoes KKR’s 2019 investment in Adnoc’s oil pipeline business, which marked the first-ever foreign investment in Adnoc’s midstream network. The transaction was unwound last year when KKR and BlackRock sold their combined 40% stake to Lunate.

The playbook of leveraging pipelines to raise capital without ceding control via lease and leaseback arrangements has been gaining momentum regionally, with the Kuwaiti government currently exploring a plan involving leasing 13 pipelines for a 25-year period to help Kuwait Petroleum Corporation (KPC) raise USD 5-7 bn from the move. Earlier in 2021, Saudi’s Aramco also signed a landmark USD 15.5 bn lease and leaseback with a consortium led by BlackRock — which recently took up a minority stake in the Saudi Bahrain Pipeline Company from Bahrain’s Bapco Energies.

IN CONTEXT- This is KKR’s second acquisition in the UAE this year after buying into Dubai’s Gulf Data Hub in January. The private equity giant has been building a larger Middle East franchise, naming former CIA director and former-US general David Petraeus as chairman of its Middle East unit in April. The firm has been active beyond pipelines as well, acquiring commercial aircraft from Etihad Airways in 2020.

KKR’s venture plays into a broader Gulf effort to monetize midstream assets. BlackRock struck a USD 11 bn leaseback with Aramco’s Jafurah gas network earlier this year, while Kuwait Petroleum is considering a similar move to help fund a USD 65 bn investment plan, Bloomberg reports.

IN OTHER M&A NEWS-

Fertiglobe completes Wengfu Australia acquisition: Adnoc-owned urea and ammonia producer and exporter Fertiglobe closed its acquisition of Wengfu Australia’s distribution assets, it said in an ADX disclosure (pdf). The takeover was financed through short-term facilities to be repaid within four months. The company said the agreement will have minimal impact on leverage and no effect on dividend capacity.

Looking ahead: Fertiglobe expects the assets to add around USD 23 mn in annual EBITDA by 2030. The agreement — executed through newly created Fertiglobe Australia — adds eight warehouses across five ports handling 700-800k tons of fertilizer annually, with capacity to scale up to 1.1 mn tons.

REFRESHER- Fertiglobe announced the transaction in May, agreeing to pay net asset values plus an USD 8 mn premium. The acquisition diversifies its portfolio into non-nitrogen fertilizers and expands its Asia-Pacific footprint.

Bahri inks SAR 762 agreement to boost bulk fleet with six ultramax newbuilds

The National Shipping Company (Bahri) signed a SAR 762 mn agreement with International Maritime Industries (IMI) to build six geared ultramax dry bulk vessels, it said in a disclosure to Tadawul yesterday. The ships are scheduled for delivery in batches between 2028 and 2029.

More details: The new vessels — each with a capacity of 62.8k deadweight tons — will be built by IMI, in which Bahri holds a 19.9% stake, making it a related party. Each ship is designed to handle ports with limited infrastructure, giving Bahri greater flexibility to expand into new markets and trade routes. The agreement also includes an indirect interest for CEO Ahmed Ali Alsubaey.

SOUND SMART- Ultramax vessels are a class of bulk carriers typically sized between 60k and 65k deadweight tons. They are equipped with onboard cranes, which give them the ability to load and unload cargo without relying on advanced port infrastructure.

ICYMI- Bahri completed its USD 1 bn acquisition of nine Very Large Crude Carriers (VLCC) from Greece’s Capital Maritime and Trading Corporation last month, with the delivery of the final vessel, Burqan. These deliveries expanded Bahri’s VLCC fleet to 50 — the largest in the world — and lifts the group’s total owned fleet to more than 100 vessels.

Global aerospace firms lay foundation stones in Morocco’s Midparc freezone

Int‘l aerospace players expand in Morocco: Aerospace industry players, France’s Duqueine and Germany’s Masterflex — both of which are Boeing partners — have broken ground on two projects based in Morocco’s Midparc International Freezone, according to a statement.

What’s in the cards? Duqueine Composites is setting up an industrial facility — its first investment in Morocco — specializing in composite materials used in aerospace manufacturing. The company will plug MAD 36 mn into the project throughout 2026–2030. Meanwhile, Masterflex is establishing a 4k sqm production plant that will make molded parts, bellows, and hose systems used in aerospace production, with an investment ticket of around EUR 3 mn, according to a press release published earlier this year.

Meet the players: Duqueine Group’s aeronautics operations supply aircraft parts used by Airbus, Boeing, Dassault, and Comac, according to its website. Masterflex produces high-performance hoses, flexible connections, and jointing solutions used in aviation, according to its website.

About Morocco’s Midparc: Midparc International Freezone — located in Nouaceur Province in the Casablanca region — aims to serve as Morocco’s hub for aerospace manufacturing, providing incentives for different global players. Tenants cover a wide range of areas in the aeronautics supply chain, such as engineering, wiring, maintenance, repair, and overhaul. The zone’s aviation cluster inked agreements with Canada-based aerospace parts subcontractor Shimco and Swedish polymer tech solutions firm Trelleborg last year.

There’s more from Morocco: The Moroccan government inked three MoUs with aerospace companies on the sidelines of the 8th Aerospace Forum in Casablanca, according to a statement. Industry and Trade Minister Ryad Mezzour signed agreements with the following players:

REDSTART Aero will expand its current facility to add a unit that manufactures high-precision mechanical parts for global customers;
Collins Aerospace subsidiary Ratier-Figeac Maroc will establish a new cockpit and cabin assembly line at its facility in Nouaceur;
Aerospace component manufacturer Nicomatic Maroc to set up a facility that makes illuminated cockpit facades.

UAE trace pacts with Malaysia, Australia come into effect

UAE-Malaysia trade pact takes effect: Malaysia and the UAE’s trade and economic partnership agreement between the UAE and Malaysia has come into force, state news agency Wam reports. Signed earlier this year, the pact aims to more than double bilateral trade to USD 13.5 bn by 2032 through cutting tariffs, streamlining customs, and expanding private sector cooperation. This is Malaysia’s first trade agreement with a Gulf state.

Sectors on target: The agreement extends beyond goods to cover services, investment, and the Islamic economy, with provisions supporting joint growth in healthcare, AI, renewable energy, logistics, and sustainable development.

REMEMBER- The two sides concluded negotiations in late 2024 and have since also inked MoUs on maritime and food security — including plans to develop a multipurpose terminal at Malaysia’s Bagan Datuk Port to serve as a food export hub to China, ASEAN, and the GCC.

The UAE’s trade pact with Australia has likewise taken effect, aiming to raise annual trade from 2024’s USD 4.2 bn to more than USD 10 bn by 2032, Wam reports. Signed in November 2024, the agreement is Australia’s first with a MENA country, and it reduces tariffs, eases market access, and targets investment in renewable energy, food security, infrastructure, and technology.

REMEMBER- The UAE’s Cepa program underpins its goal of pushing foreign trade to USD 1 tn by 2031. Non-oil foreign trade jumped 24% y-o-y to nearly AED 1.7 tn in 1H 2025, with trade contributing 15.6% of non-oil GDP in 1Q 2025. The sector is now on track to hit AED 4 tn by 2027 — four years ahead of the original 2031 target.

Updates on aviation, data centers, and projects from the UAE and Saudi Arabia

AVIATION-

Etihad Airways taps GetJet for wet-lease capacity: Etihad Airways has inked a seasonal wet-lease agreement with Lithuanian operator GetJet Airlines, according to a statement. The agreement involves the operation of two Airbus A320 aircraft — which will be based at Abu Dhabi’s Zayed International Airport. Of the two aircraft, one will be operated by GetJet, while the other will be provided by the GetJet-owned Airhub Airlines. The aircraft are scheduled to serve routes including Amman, Beirut, Cairo, and Muscat.

DATA POINT- The Airbus A320 family carrier has a max payload of up to 21.4 tons – including passengers, cargo, and equipment – and with up to 18 positions in total across its main and lower decks, it offers 50% more positions than its competitors. That said, its increased number of positions allows for significant cargo capacity.

DATA CENTERS-

KSA’s data center market to get new efficient cooling tech: Schneider Electric inked a strategic partnership with Jordan-based HVAC manufacturer Petra Engineering Industries Company to release a new line of premium efficiency air-cooled chillers — specifically designed to meet the needs of Saudi Arabia’s data centers, according to a statement. The partnership will support the rollout of data centers in the Kingdom, which has increased its capacity by 42% since 2023. The new product is tailored to the region’s climate conditions to ensure high efficiency, the statement adds.

PROJECTS-

Enoc Group, DP World, and PCFC team up: Local energy leader Enoc Group, port operator giant DP World, and the Ports, Customs and Freezone Corporation (PCFC) have inked an MoU to promote global and local joint ventures across several sectors, according to a statement. The group will collaborate to develop and evaluate strategic projects — aimed at supporting Dubai’s infrastructure, economy, and energy diversification plans, with a particular emphasis on encouraging energy, logistics, and infrastructure-related projects.

EU to cut quotas, raise tariffs on steel, sources say

The European Commission plans to reduce steel import quotas by about half and raise duties on volumes exceeding those levels to 50%, mirroring levies imposed by the US, Reuters reports, citing an unnamed source. The proposed measures — earmarked for implementation on 7 October — represent efforts by the bloc and its allies to curb overcapacity stemming from Chinese subsidies on steel and other commodities.

The timeline: The EU curbed steel import quotas by 15% on 1 April 2025, and its trade safeguards are set to expire by 30 June 2026, the newswire reports. The European Commission — concerned with steel dumping — announced in March a 15.6% temporary tariff on hot rolled coil imports from Egypt starting 7 April, pending a final decision this month.

Calendar

OCTOBER

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

4 October (Saturday): Syria Recovery and Investment Forum, Abu Dhabi, UAE.

6-8 October (Monday-Wednesday): Maritime Cyprus Conference, Limassol, Cyprus.

7-8 October (Tuesday-Wednesday): Global EV and Mobility Technology (Gemtech) Forum, Riyadh.

8-9 October (Wednesday-Thursday): Quantum Maritime Conference 2025, Abu Dhabi, UAE.

7-9 October (Wednesday-Thursday): World Aviation Festival, Lisbon, Portugal.

13-17 October (Monday-Friday): The Marine Environment Protection Committee’s second extraordinary session, London, UK.

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

14-16 October (Tuesday-Thursday): AntwerpXL, Antwerp, Belgium.

15 October (Wednesday): Global Trade Review, Cairo, Egypt.

16-18 October (Thursday-Saturday): International Forum and Expo on Mobility, Transport and Logistics (Logiterre), Casablanca, Morocco.

28-30 October (Tuesday-Thursday): Borneo International Maritime Week, Sarawak, Malaysia.

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.

9-11 November (Sunday-Tuesday): TransMea Expo, Cairo, Egypt.

11-13 November (Tuesday-Thursday): Freightcamp, Bangkok, Thailand.

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

18 November (Tuesday): ShipTek International Conference and Awards, Al Khobar, Saudi Arabia.

24-26 November (Monday-Wednesday): World Advanced Manufacturing Logistics Summit and Expo, Riyadh, Saudi Arabia.

DECEMBER

6 December (Saturday): International Procurement Supply Chain Conference, Cairo, Egypt.

9-10 December (Tuesday-Wednesday): Rail Industry Summit, El Jadida, Morocco.

16-17 December (Tuesday-Wednesday): Saudi Airport Exhibition, Riyadh, Saudi Arabia.

JANUARY 2026

19-23 January (Monday-Friday): World Economic Forum Annual Meeting, Davos, Switzerland.

27-28 January (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh, Saudi Arabia.

27-28 January (Tuesday-Wednesday): Middle East ProcureTech Summit, Dubai, UAE.

FEBRUARY 2026

4-5 February (Wednesday-Thursday): Breakbulk Middle East, Dubai, UAE.

4-5 February (Wednesday-Thursday): MRO Middle East, Dubai, UAE.

25-27 February (Wednesday-Friday): Air Cargo Africa, Nairobi, Kenya.

MARCH 2026

10-12 March (Tuesday-Thursday): World Cargo Symposium, Lima, Peru.

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