{"id":70825,"date":"2023-05-17T00:00:00","date_gmt":"2023-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=70825"},"modified":"2025-12-15T12:35:59","modified_gmt":"2025-12-15T12:35:59","slug":"adnoc-ls-ipo-starts-with-a-bang","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/adnoc-ls-ipo-starts-with-a-bang\/","title":{"rendered":"Adnoc L&#038;S IPO starts with a bang"},"content":{"rendered":"<section id=\"70827\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70827\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What we're tracking today<\/p>\r\n       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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/today-turkish-elections-delay-resumption-of-iraqi-oil-exports-to-turkey-container-line-between-jebel-ali-and-irans-bushehr-port-coming-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/936.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70828\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/today-turkish-elections-delay-resumption-of-iraqi-oil-exports-to-turkey-container-line-between-jebel-ali-and-irans-bushehr-port-coming-this-year\/936-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/936.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"936.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/936.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/936.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70827\" class=\"content-area-description single-story post-70827 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterprise-logistics tag-exports tag-iran tag-iraq tag-oil tag-turkey tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.9280f099-42dc-4a10-953e-84fbdbf084c3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, ladies and gentlemen. <\/span><span>We have another brisk issue for you today, with updates on the Adnoc L&S IPO, and some details on Iraq\u2019s mega Development Road Project. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">THE BIG LOGISTICS STORY- Adnoc Logistics & Services\u2019 IPO \u2014 which will see the company list a 15% stake on the ADX \u2014 kicked off to massive investor demand <\/span><span style=\"font-weight:400;\">yesterday, with its order books covered within minutes of books opening. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt1\"><\/a> <\/span><span style=\"font-weight:700\">Turkish elections delay resumption of Iraqi oil exports:<\/span><span style=\"\"> Turkish elections have further delayed <\/span><span>the resumption of Iraqi crude oil exports to Turkeys\u2019s Ceyhan port, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/turkey-election-holds-up-resumption-northern-iraqi-oil-exports-sources-2023-05-15\/\" style=\"\">Reuters<\/a><\/span><span> reports, citing industry and government sources. The oil exports were expected to resume last week after they had been halted following an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/16ac81ab-c7b4-40e0-a399-60a88ed2ef70\" style=\"\">arbitration ruling<\/a><\/span><span>. The outcome of the election, in which neither candidate achieved the required 50% of votes, has forced Turkey to hold a run-off on 28 May. Meanwhile, operators at the Turkish port of Ceyhan have yet to receive instructions to prepare for the resumption of oil flows, Reuters reports, citing a source close to the matter. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE- Iran and the UAE are set to launch a direct container line<\/span><span style=\"font-weight:700\">between the UAE\u2019s Jebel Ali port and Iran\u2019s Bushehr Port <\/span><span style=\"\">before the end of September, according to an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.otaghiranonline.ir\/news\/44692\" style=\"\">Iran Chamber of Commerce<\/a><\/span><span style=\"\"> statement. <\/span><span>Iranian Roads and Development Minister Mehrdad Bazrpash <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/05\/15\/2895110\/iran-s-roads-minister-leaves-for-uae-for-bilateral-talks\" style=\"\">visited<\/a><\/span><span> the UAE this week to enhance bilateral trade. Iran has already completed discussions and coordination efforts with provincial authorities, and has secured an agreement with an Iranian investor for the implementation of the shipping line, according to the director of a local office of the Ports and Maritime Organization in Bushehr Province, Mohammad Shakibinasab. <\/span><span>G<\/span><span style=\"font-weight:400;\">oods currently reach Bushehr Port through a transfer from Jebel Ali Port to the Port of Shahid Rajaee in Bandar Abbas.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">            Get <b style=\"font-weight: 700\">Enterprise<\/b> daily          <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>       <a href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>      <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.uaemaritimeweek.com\/en\/home.html\" style=\"\">UAE Maritime Week<\/a><\/span><span style=\"font-weight:700\"> kicked off this week at the Dubai World Trade Centre, and <\/span><span style=\"font-weight:700\">is running until Friday.<\/span><span style=\"font-weight:400;\"> The week will bring together stakeholders from local maritime markets in a series of in-person events and conferences to explore maritime opportunities across the UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">The <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\" style=\"\">Seatrade Maritime Logistics Middle East<\/a><\/span><span style=\"font-weight:700\"> kicked off yesterday at the Dubai World <\/span><span style=\"font-weight:700\">Trade Centre, and will continue until Thursday. <\/span><span style=\"font-weight:400;\">The conference, which will comprise a trade show, conference tracks and networking, will connect ship owners, shipyards, port operators, government representatives, and industry professionals from across the MENA region.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The 35th<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/ighc\/\" style=\"\">IATA Ground Handling Conference<\/a><\/span><span style=\"font-weight:700\">, hosted by Etihad, kicked off yesterday at <\/span><span style=\"font-weight:700\">the Abu Dhabi National Exhibition Center, and runs until Thursday.<\/span><span style=\"font-weight:400;\"> The event brings together global industry leaders from airlines, airports, ground service providers and manufacturers to network and discuss industry trends and developments.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.evinnovationsummit.com\/about\" style=\"\">Electric Vehicle Innovation Summit 2023<\/a><\/span><span style=\"font-weight:700\"> will take place in Abu Dhabi between <\/span><span style=\"font-weight:700\">29-31 May.<\/span><span style=\"font-weight:400;\"> The event is the first of its kind in the MENA region and brings together researchers, engineers, officials, and organizations involved in the EV scene, presenting attendees with opportunities to network across value chains and exchange ideas. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The 79th <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2023\/\" style=\"\">IATA Annual General Meeting and World Air Transport Summit<\/a><\/span><span style=\"font-weight:700\"> will take <\/span><span style=\"font-weight:700\">place from 4-6 June, in the Hilton Bomonti in Istanbul, Turkey<\/span><span>. The event will gather airline leaders from across the globe to discuss post-pandemic aviation, airline sustainability, operational challenges from the past year and the future of aviation, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/845.pdf\" style=\"\">event program (pdf)<\/a><\/span><span>. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Check out our full calendar<\/span><span style=\"font-weight:400;\"> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/exports\/\">exports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/oil\/\">oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70829\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70830\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/adnoc-ls-bookbuilding-kicks-off-to-massive-investor-demand\/\">\r\n                            Adnoc L&amp;S bookbuilding kicks off to massive investor demand                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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              \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/adnoc-ls-bookbuilding-kicks-off-to-massive-investor-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70830\" class=\"content-area-description single-story post-70830 post type-post status-publish format-standard hentry category-ipo-watch tag-adnoc tag-enterprise-logistics tag-ipo-watch tag-logistics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.12ca4111-125a-4e36-bf52-427629c1b6b6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Orders for the <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/95b304d1-352b-4243-accf-ab4257d37956\" style=\"\">IPO of Adnoc\u2019s logistics subsidiary<\/a><\/span><span style=\"font-weight:700\">, Adnoc L&S, sold out within minutes of books opening yesterday<\/span><span style=\"\">, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-16\/adnoc-seeks-to-raise-up-to-607-million-in-logistics-unit-ipo\" style=\"\">Bloomberg<\/a><\/span><span> reports. The company is selling 1.11 bn shares \u2014 a 15% stake \u2014 at AED 1.99-2.01 apiece, which would value the subsidiary at up to USD 4.05 bn, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/892.pdf\" style=\"\">statement (pdf)<\/a><\/span><span style=\"font-weight:400;\">. The high end of the spread could see Adnoc raising as much as USD 607 mn from the offering, potentially making it the second biggest IPO in the Middle East this year, after the listing of Adnoc Gas.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The company has already secured USD 180 mn in cornerstone investments: <\/span><span>The company entered into cornerstone investment with <\/span><span style=\"font-weight:400;\">Al Seer Marine Supplies and Equipment, which pledged USD 70 mn for a portion of the offered shares; National Marine Dredging Company, who pledged USD 30 mn; and ADQ\u2019s Alpha Oryx and the Abu Dhabi Pension Fund, each of which pledged USD 40 mn. The investors have committed to purchasing shares at the final offer price, which will be announced on 25 May, according to the statement. The shares are subject to a 12-month lock-up arrangement, it added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The timeline:<\/span><span>The retail offering is scheduled to remain<\/span><span style=\"font-weight:400;\"> open until 23 May, with institutional investors having until 24 May to submit their bids. Trading on the company\u2019s shares will begin on the ADX on 1 June. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Refresher:<\/span><span style=\"font-weight:400;\"> The proceeds raised from the transaction will go towards meeting part of the expenses for Adnoc\u2019s ambitious USD 4-5 bn medium term growth strategy. The strategy includes investments towards expanding the scope of Adnoc subsidiary services, decarbonization efforts, as well as scaling up Adnoc L&S\u2019 shipping, integrated logistics, and services platform operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Adnoc has been on an IPO spree for its subsidiaries:<\/span><span style=\"font-weight:400;\"> The company raised USD 2.5 bn in a listing of its gas subsidiary earlier this year in a transaction which still stands as the world\u2019s second largest IPO of the year thus far. That offering was preceded by earlier listings of other subsidiaries in the Adnoc Group\u2019s portfolio, including the sales of stakes in the company\u2019s drilling unit, fertilizer producer Fertiglobe, and chemical subsidiary Borouge.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Advisors:<\/span><span style=\"font-weight:400;\">Moelis & Co has signed on as the independent financial advisor for the offering. Citigroup, First Abu Dhabi Bank, HSBC Bank Middle East, and JP Morgan Securities are acting as global coordinators and bookrunners, while Abu Dhabi Commercial Bank, Arqaam Capital, Cr\u00e9dit Agricole, EFG-Hermes UAE, International Securities and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale will also offer their services as bookrunners. Abu Dhabi Islamic Bank, and Al Maryah Community Bank have been appointed as receiving banks, while First Abu Dhabi Bank was chosen as lead receiving bank.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70832\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70832\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Rail<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn\/\">\r\n                            Iraq\u2019s Development Road Project connecting it to Turkey will cost USD 17 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70833\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn\/920-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/920.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"920.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/920.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/920.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70832\" class=\"content-area-description single-story post-70832 post type-post status-publish format-standard has-post-thumbnail hentry category-rail tag-enterprise-logistics tag-iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn tag-rail wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.4744cb9c-cf41-4b40-a187-19e5badb11e2.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Iraq\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7d9637b5-dc6c-4852-8564-f4aa8f737e4c\" style=\"\">Development Road Project<\/a><\/span><span style=\"font-weight:700\"> linking its Southern Faw Port <\/span><span style=\"font-weight:700\">to Turkey by rail will cost USD 17 bn to complete<\/span><span style=\"\">, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/42DBhWd\" style=\"\">Iraqi<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/42DBhWd\" style=\"\">News Agency<\/a><\/span><span style=\"font-weight:400;\"> (INA) quotes the general manager of Iraq\u2019s state-owned Iraq Republic Railways, Younus Khalid, as saying. The Development Road Project includes the construction of the railway connecting the countries, as well as a highway that will be built in parallel, with the first phase slated for completion in 2028.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The project is set to bring the country some USD 4.85 bn in revenues<\/span><span style=\"\">,<\/span><span style=\"font-weight:400;\"> with the expected volume of revenues from cargo carried amounting to USD 4 bn, while passenger-generated revenue is expected to reach some USD 850 mn per year, Khalid said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The numbers: <\/span><span style=\"font-weight:400;\">The cost for the railway is expected to be USD 10.5 bn, while the highway will cost some USD 6.5 bn, amounting to a total of around USD 17 bn for the whole Development Road Project, Khaled said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The preliminary and final feasibility studies have been completed for the project, with the project now in the design stage<\/span><span style=\"\">, according to Khalid. Once the designs are complete, an invitation will be sent out to companies in the railway industry to submit bids for the construction of the project. The expected completion of the Development Road will be split into three phases, with the third phase wrapping up by 2050, Khalid told <\/span><span style=\"\">INA. <\/span><span style=\"font-weight:400;\">The country\u2019s Transport Ministry had earlier said that the project\u2019s implementation phase will begin in 2024.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background:<\/span><span style=\"\">The freight train will pass through <\/span><span style=\"\">10<\/span><span style=\"\"> Iraqi provinces<\/span><span style=\"\">, the last of which is Nineveh, which will connect to Turkey. Some 60 km of rail between the ports of Faw and Umm Qasr have been built, according to Al Safi. The train will have an initial capacity of 3.5 mn containers and will be able to carry 22 mn tons of bulk cargo per year, before expanding to 7.5 mn co<\/span><span style=\"\">ntainers and 33 mn tons per year.<\/span><span style=\"\"> The highway <\/span><span style=\"\">will span a length of 1.2k km according to the news agency<\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iraqs-development-road-project-connecting-it-to-turkey-will-cost-usd-17-bn\/\">Iraq\u2019s Development Road Project connecting it to Turkey will cost USD 17 bn<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70834\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70834\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/agility-subsidiary-menzies-aviation-acquires-panamas-aircraft-services-and-consulting\/\">\r\n                            Menzies Aviation expands in Latin America with acquisition of Aircraft Services in Panama                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/agility-subsidiary-menzies-aviation-acquires-panamas-aircraft-services-and-consulting\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/agility-subsidiary-menzies-aviation-acquires-panamas-aircraft-services-and-consulting\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/909.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70835\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/agility-subsidiary-menzies-aviation-acquires-panamas-aircraft-services-and-consulting\/909-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/909.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"909.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/909.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/909.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70834\" class=\"content-area-description single-story post-70834 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-aviation tag-enterprise-logistics tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.dae18324-6745-4f80-8e98-d0ab29d0118f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.agility.com\/en\/\" style=\"\">Agility<\/a><\/span><span style=\"font-weight:700\"> subsidiary <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/menziesaviation.com\/\" style=\"\">Menzies Aviation<\/a><\/span><span style=\"font-weight:700\"> is expanding its presence in Latin America <\/span><span style=\"font-weight:700\">with the acquisition of <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.aircraftservices.com.pa\/2018\/en\/\" style=\"\">Aircraft Services and Consulting<\/a><\/span><span style=\"font-weight:700\"> in Panama<\/span><span style=\"\">, according to a company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menziesaviation.com\/news\/menzies-aviation-grows-presence-in-latin-america-with-acquisition-in-panama\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. The statement does not disclose the size of the acquired stake or the value of the acquisition.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The rationale: <\/span><span style=\"\">The UK-based company acquired <\/span><span style=\"\">Aircraft Services <\/span><span style=\"font-weight:400;\">in a bid to extend its service offerings to Tocumen International Airport \u2014 the largest airport in Central America \u2014 and Scarlett Martinez International Airport. The acquisition will also allow it to obtain operating licenses for David Airport and Panama Pacifico Airport. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This is Menzies\u2019 second acquisition this year: <\/span><span style=\"\">Last month, Menzies <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2918aff7-a123-4542-ad7b-040d6aaa9515\" style=\"\">inked a subscription agreement<\/a><\/span><span style=\"\"> to acquire a 50.1% stake in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.flytap.com\/en-gb\/?anetwork=PAIDSEARCH&&&&&&anetwork=PAIDSEARCH&gad=1&gclid=CjwKCAjw04yjBhApEiwAJcvNoQSulXIGqd_UqZhDXAG_bZiyPIhYJE9W_BV8XcC8zJygqSNCBUI44BoCJYwQAvD_BwE&gclsrc=aw.ds\" style=\"\">TAP Air Portugal<\/a><\/span><span style=\"font-weight:400;\">\u2019s aviation services subsidiary, Groundforce. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Agility subsidiary now operates in seven countries in Latin America: <\/span><span style=\"font-weight:400;\">\u201cWe are excited to add our seventh country in Latin America and our 46th and 47th airports respectively in this important and growing market,\u201d Menzies Aviation Americas Executive Vice President John Redmond said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REFRESHER- <\/span><span style=\"\">Agility Logistics <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2918aff7-a123-4542-ad7b-040d6aaa9515\" style=\"\">completed a GBP 763 mn acquisition<\/a><\/span><span style=\"\">of Menzies Aviation last year and combined its business with NAS to create the \u201cworld\u2019s largest aviation services company by number of countries.\u201d <\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70836\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70836\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Earnings Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/\">\r\n                            AD Ports reports surge in income in 1Q 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=AD Ports reports surge in income in 1Q 2023&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/&title=AD Ports reports surge in income in 1Q 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=AD+Ports+reports+surge+in+income+in+1Q+2023+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F17%2Fad-ports-reports-surge-in-income-in-1q-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/899.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70837\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/ad-ports-reports-surge-in-income-in-1q-2023\/899-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/899.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"899.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/899.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/899.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70836\" class=\"content-area-description single-story post-70836 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-ad-ports tag-earnings-watch tag-enterprise-logistics tag-port wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.e4b9cdde-c7a4-4757-b7ba-7a6ca84f083a.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">The<\/span><span style=\"font-weight:700\">UAE\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.adportsgroup.com\/en\" style=\"\">AD Ports Group<\/a><\/span><span style=\"font-weight:700\"> saw its net income grow<\/span><span style=\"font-weight:700\"> 18% y-o-y to AED 363 mn in <\/span><span style=\"font-weight:700\">1Q 2023<\/span><span style=\"\">, according to the company\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2023\/05\/15\/adpg-builds-on-full-year-2022-momentum-delivering-year-on-year-revenue-growth-in-q1-2023\" style=\"\">earnings release<\/a><\/span><span style=\"font-weight:400;\">. Group revenues surged by 73% y-o-y to AED 1.8 bn in the same period. The strong performance of its maritime, economic cities and freezones, and ports clusters \u2014 along with new acquisitions made in FY2022 and Q1 2023 \u2014 were the main drivers behind the surge in revenues, the company said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Breakdown: <\/span><span style=\"\">The maritime cluster recorded a 259% y-o-y spike in revenues to AED 915 mn on the back of capacity increases, wider service offerings and boosted activity in new business segments, which include marine, feeder and offshore services. Its performance was also buoyed by new acquisitions made \u2014 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.divetechuae.com\/\" style=\"\">Divetech<\/a><\/span><span style=\"\">, ASCL, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.safeen.ae\/\" style=\"\">Safeen Subsea<\/a><\/span><span style=\"\"> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transmar.com\/\" style=\"\">Transmar<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tciegypt.com\/\" style=\"\">TCI<\/a><\/span><span style=\"\"> \u2014 accounting for 30% of maritime cluster revenues for the quarter. The economic cities and freezone cluster\u2019s topline also grew 13% y-o-y to AED 429 mn, fueled by previously signed leases, higher utilities revenues and the Al Eskan Al Jamae <\/span><span style=\"\">(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eskanuae.com\/\" style=\"\">EAJ<\/a><\/span><span style=\"\">) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2b7dc3d8-2335-4ccf-8f53-7da96131cbb9\" style=\"\">merger<\/a><\/span><span style=\"\">. <\/span><span style=\"font-weight:400;\">The ports cluster also recorded a 24% y-o-y spike in revenues to AED 314 mn in 1Q 2023 \u2014 driven by an 18% y-o-y in container volumes on the back of gradual recovery from covid-19 and supply chain disruptions on top of higher container utilization rates. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The logistics cluster went against the trend with revenues falling 3% y-o-y to AED 139 mn in 1Q 2023<\/span><span style=\"font-weight:400;\">, due to the temporary maintenance shutdown of a \u201cstrategic customer\u2019s\u201d production plant, and the end of its covid-19 vaccine delivery business. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Looking ahead: <\/span><span style=\"\">The company plans on completing its 100% acquisition of logistics service provider Noatum by 2Q 2023, as well as finalizing the purchase of an 80% equity stake in Dubai-based container shipping company Global Feeder Shipping by 3Q 2023, increasing its global footprint in its logistics and freight forwarding business. <\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/port\/\">port<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70838\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70838\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Trucking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/admiral-mobility-avis-to-provide-electric-trucks-for-lease-in-the-uae\/\">\r\n                            Admiral Mobility + Avis to provide electric trucks for lease in the UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n      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-->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trucking\/\">trucking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70841\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70841\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/etihad-cargo-rolls-out-ai-powered-solutions-msc-adds-jeddah-port-to-asia-shipping-line\/\">\r\n                            Etihad Cargo rolls out AI-powered solutions + MSC adds Jeddah Port to Asia shipping line                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/etihad-cargo-rolls-out-ai-powered-solutions-msc-adds-jeddah-port-to-asia-shipping-line\/\" target=\"_blank\">\n   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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/etihad-cargo-rolls-out-ai-powered-solutions-msc-adds-jeddah-port-to-asia-shipping-line\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/924.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70842\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/etihad-cargo-rolls-out-ai-powered-solutions-msc-adds-jeddah-port-to-asia-shipping-line\/924-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/924.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"924.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/924.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/924.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70841\" class=\"content-area-description single-story post-70841 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-enterprise-logistics tag-etihad-cargo tag-msc tag-shipping wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.207d7b7d-7be2-4f5c-9541-6428c198d383.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AVIATION-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.etihadcargo.com\/en\/\" style=\"\">Etihad Cargo<\/a><\/span><span style=\"font-weight:700\"> has rolled out AI-powered solutions to optimize cargo capacity and <\/span><span style=\"font-weight:700\">increase efficiency<\/span><span style=\"\">, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.etihadcargo.com\/en\/news\/etihad-cargo-launches-aipowered-solutions-to-transform-airfreight-operations-and-optimise-cargo-capacity\" style=\"\">press release<\/a><\/span><span style=\"\">. The step follows the conclusion of a proof-of-concept agr<\/span><span style=\"\">eement with Singapore-based <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/speedcargo.sg\/\" style=\"\">Speedcargo Technologies<\/a><\/span><span style=\"font-weight:400;\"> that saw Etihad Cargo run successful trials of the company\u2019s AI logistics solutions. The freight carrier will introduce three AI products \u2014 Amplifi, Cargo Eye, and Assemble. Ampfil allows Etihad to optimize cargo loads on its trips while Cargo Eye and Assemble smoothe operations relating to ground handling. Etihad Cargo\u2019s ground handlers in Singapore have already started using the new AI tools, and the company plans to extend their use globally, the press release explained. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SHIPPING-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.msc.com\/\" style=\"\">MSC<\/a><\/span><span style=\"font-weight:700\"> has added Jeddah Islamic Port to its Dragon container shipping line connecting Asia to <\/span><span style=\"font-weight:700\">Mediterranean ports<\/span><span>,<\/span><span> according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mawani.gov.sa\/article?news=150523\" style=\"\">statement by Saudi Ports Authority (Mawani)<\/a><\/span><span style=\"font-weight:400;\">. The weekly route, launched in early May, connects Jeddah Islamic Port to hubs in Southern Europe and East Asia. The container line will be operated by 12 vessels with an average 15k TEU capacity, according to the release.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Direct flights <\/span><span style=\"\">between<\/span><span style=\"font-weight:700\"> Bahrain <\/span><span style=\"\">and<\/span><span style=\"font-weight:700\"> Qatar <\/span><span style=\"\">are set to<\/span><span style=\"font-weight:700\"> resume <\/span><span style=\"\">on<\/span><span style=\"font-weight:700\"> 25 May,<\/span><span style=\"\"> two years after an Arab boycott of Qatar was lifted<\/span><span>.<\/span><span> (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bna.bh\/en\/CivilAviationAffairsBahrainandQatartoresumeflightsasofMay25.aspx?cms=q8FmFJgiscL2fwIzON1%2bDgS7JUAascDoFgMG0fhMX9Q%3d\" style=\"\">Bahrain News Agency<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Etihad Airways <\/span><span style=\"\">is set to<\/span><span style=\"font-weight:700\"> launch <\/span><span style=\"\">a new <\/span><span style=\"font-weight:700\">flight service <\/span><span style=\"\">from<\/span><span style=\"font-weight:700\"> Abu Dhabi <\/span><span style=\"\">to<\/span><span style=\"font-weight:700\">Osaka, Japan<\/span><span>, operating five times per week starting from 1 October, in a bid to boost bilateral trade and tourism ties and to offer an additional route to Japan alongside the existing Tokyo service. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/details\/1395303158514\" style=\"\">WAM<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/etihad-cargo\/\">Etihad Cargo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/msc\/\">MSC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping\/\">shipping<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70843\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/17\/70843\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70843\" class=\"content-area-description single-story post-70843 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">May: The Suez Canal Economic Zone (SCZone) plans to hand over a new 1k-meter container berth to the East Port Said Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>May: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f534b97d-e913-458e-bfd0-7af5813d916a\" style=\"\">Arab<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f534b97d-e913-458e-bfd0-7af5813d916a\" style=\"\">Academy for Science, Technology and Maritime Transport (AAST)<\/a><\/span><span style=\"font-weight:400;\"> will roll out its first locally-made electric cargo transport vehicle.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conference.globalfleet.com\/\" style=\"\">Global Fleet Conference<\/a><\/span><span>, Cascais, Portugal<\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-19 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.uaemaritimeweek.com\/en\/home.html\" style=\"\">The UAE Maritime Week<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">16-17 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/caaid.net\/\" style=\"\">Africa Forum of Investment and Commerce<\/a><\/span><span style=\"font-weight:400;\">, Sheraton Hotel, Algiers, Algeria.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\" style=\"\">Seatrade Maritime Logistics Middle East<\/a><\/span><span>, Dubai, UAE.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE193\" style=\"\">Baltic and Black Sea Ports & Shipping<\/a><\/span><span style=\"font-weight:400;\">, Radisson Hotel & Suites, Gdansk, Poland. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/ighc\/\" style=\"\">IATA Ground Handling Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 - 23 May (Tuesday-Tuesday): Subscription window opens for retail Investors for the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/en\/adnocls-ipo\" style=\"\">Adnoc L&S IPO<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 - 24 May (Tuesday - Wednesday): Subscription window opens for institutional investors for the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/en\/adnocls-ipo\" style=\"\">Adnoc L&S IPO<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18 May (Thursday): UN-Turkey-Russia Black Sea grain agreement extension expires.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18-19 May (Thursday-Friday): XIV International Russia\u2014Islamic World: KazanForum, Kazan Expo, Kazan, Russia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 May (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2023.fleetandmobilitysummit.com\/\" style=\"\">Fleet and Mobility Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ltlexpo.ly\/en\/#\" style=\"\">Translogistica Libya 2023<\/a><\/span><span style=\"font-weight:400;\">, Misurata, Libya.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/about\" style=\"\">Electric Vehicle Innovation Summit 2023<\/a><\/span><span style=\"font-weight:400;\"> Adnec, Abu Dhabi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">June: Suez Canal Economic Zone holds a roadshow in Delhi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 June (Thursday): Listing of shares on ADX, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/en\/adnocls-ipo\" style=\"\">Adnoc L&S IPO<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 June (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2023\/\" style=\"\">IATA Annual General Meeting and World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Hilton Bomonti Hotel, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/portscustomsweek.com\/\" style=\"\">Ports and Customs Week<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-15 June (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudipp.com\/\" style=\"\">Saudi Plastics & Petrochem<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mt-its2023.eurecom.fr\/\" style=\"\">International Conference on Models and Technologies for Intelligent Transportation Systems<\/a><\/span><span style=\"font-weight:400;\">, Nice, France. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-23 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/trb.secure-platform.com\/a\/page\/marinetransport\" style=\"\">Conference on the Marine Transportation System Innovative Science and Technologies Toward Greater Sustainability<\/a><\/span><span style=\"font-weight:400;\">, Washington, DC, US.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 July (Saturday): A new greenfield liquid bulk terminal in Khalifa Port Abu Dhabi will kick off operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 July (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/levitate-conference-the-premier-event-for-the-drone-industry-announced-kvkgrtuc\" style=\"\">The Levitate Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, St. Regis Amman Hotel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 July (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.neventum.com\/tradeshows\/icsg-istanbul\" style=\"\">ICSG Istanbul<\/a><\/span><span style=\"font-weight:400;\">, Istanbul Lutfi Kirdar Convention & Exhibition Centre, Istanbul. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 September (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LeadersinLogisticsKSASummit?lang=en#\/?lang=en\" style=\"\">The Leaders in Logistics KSA Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 September (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/transportevolution.com\/\" style=\"\">Transport Evolution Africa Forum and Expo<\/a><\/span><span style=\"font-weight:400;\">, Inkosi Albert Luthuli ICC Complex (Durban ICC), South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartermobility-africa.com\/sma-summit\/\" style=\"\">Smarter Mobility Africa Summit<\/a><\/span><span style=\"font-weight:400;\">, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartmaritimenetwork.com\/dubai-conference-2022\/\" style=\"\">Smart Maritime Network Dubai Conference<\/a><\/span><span style=\"font-weight:400;\">, Conrad Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 November (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/sclsaudi.com\/\" style=\"\">Supply Chain & Logistics Arabia<\/a><\/span><span style=\"font-weight:400;\">, Narcissus, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LeadersinLogisticsSummit?lang=en#\/?lang=en\" style=\"\">Leaders in Logistics UAE Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/intermobility-expo\/\" style=\"\">Intermobility Expo 2023<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2H2023:<\/span><span style=\"font-weight:400;\">Construction of Neom\u2019s first hydrogen fueling station will kick off.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2H2023: Expansion of Baghdad International Airport to begin.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FEBRUARY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-13 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/middleeast.breakbulk.com\/home\" style=\"\">Breakbulk Middle East conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-15 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.africanairexpo.com\/\" style=\"\">African Air Expo<\/a><\/span><span style=\"font-weight:400;\">, Cape Town. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 February-1 March (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.menatransport.org\/website\/3387\/\" style=\"\">MENA Transport Congress and Exhibition 2024<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-14 March (Tuesday- Thursday): IATA World Cargo Symposium, Hong Kong International Airport.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-3 May (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/genevadry.com\/\" style=\"\">Geneva Dry<\/a><\/span><span style=\"font-weight:400;\">, Geneva, Switzerland, Hotel President Wilson.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Iraq will complete <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/iraq-to-finish-phase-1-of-faw-grand-port-in-2025-r1g2m8qk\" style=\"\">phase one<\/a><\/span><span style=\"font-weight:400;\"> of the construction of the Grand Faw Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":70826,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-70825","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3d13cb35-c81b-40b4-84e3-9037350c0c5d","teaser":"","photo_url":"https:\/\/ent.news\/2022\/12\/352.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adnoc L&amp;S IPO starts with a bang - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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