{"id":77267,"date":"2024-03-11T00:00:00","date_gmt":"2024-03-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=77267"},"modified":"2025-12-15T14:18:33","modified_gmt":"2025-12-15T14:18:33","slug":"dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/","title":{"rendered":"DP World is close to securing a USD 422 mn facility from Indian banks"},"content":{"rendered":"<section id=\"77269\" 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=\"77269\">\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                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/today-dp-world-reportedly-secures-financing-for-gujarat-port-development\/\">\r\n                            TODAY: DP World reportedly secures financing for Gujarat port development                        <\/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\/2024\/03\/11\/today-dp-world-reportedly-secures-financing-for-gujarat-port-development\/\" 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(); 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We have a packed issue today with news from across the regional logistics sector, starting with\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY-<\/strong> DP World is reportedly finalizing a USD 422 mn financing facility for the construction of the mega container terminal at Kandla, Gujarat with funds from the National Bank for Financing Infrastructure and Development and Axis Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have everything on this story and more in the news well, below.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a><\/strong><strong>#1- Saudi Arabia Railways (SAR) signed a three-year contract with Danish <\/strong><strong>shipping giant Maersk to increase the number of Maersk containers<\/strong> transported through its trains between Dammam\u2019s King Abdulaziz Port and Riyadh\u2019s Dry Port, according to a <a target=\"_blank\" href=\"https:\/\/twitter.com\/SARSaudiRailway\/status\/1766750886590571005\" style=\"\" rel=\"noopener\">post on X<\/a> by SAR. The partnership would help raise the Kingdom\u2019s ranking in the World Bank\u2019s Logistics Performance Index, maintain roads infrastructure and reduce emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>#2- ADQ taps advisors for Etihad IPO:<\/strong> ADQ has chosen Citigroup, HSBC, First Abu Dhabi Bank as advisers for its prospective Etihad IPO, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/abu-dhabi-said-to-tap-citi-hsbc-and-fab-for-etihad-airways-ipo?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week, citing people familiar with the matter. Alongside these potential appointments, Rothschild & Co. has been appointed as ADQ\u2019s independent financial advisor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>ADQ is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/uae\/15137683-1576-4c48-831e-f813656e222f\" style=\"\" rel=\"noopener\">considering listing Etihad<\/a> on the public market \u201cas soon as this year,\u201d with the specific timing and size of the offering still undecided. The business information service said ADQ is eyeing going after both a traditional IPO and direct listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><strong>The airline plans to hire 2k pilots, cabin crew, and mechanics this year<\/strong>, ahead of its move to expand its fleet by 15 planes in 2025, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/etihad-airways-to-hire-2000-pilots-cabin-crew-mechanics-this-year\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The ADQ-owned carrier reported a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/15137683-1576-4c48-831e-f813656e222f\/more-positive-2023-macro-figures\/11ec972a-8aa9-4463-852b-60fee6c2c2d0\" style=\"\" rel=\"noopener\">fivefold increase<\/a> in net income to AED 525 mn in 2023 as it looks to prepare for a potential IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER AVIATION NEWS- <\/strong><strong>Emirates is backing US plane maker Boeing\u2019s bid to reacquire subcontractor Spirit <\/strong><strong>AeroSystems<\/strong><strong>,<\/strong> saying the move is a step in the right direction in terms of solving Boeing's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3f152528-8823-4d4d-8fcb-75278367ad8b\" style=\"\" rel=\"noopener\">quality problems<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/emirates-chief-backs-boeing-spirit-merger-amid-factory-crisis-2024-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing comments made by President Tim Clark. Spirit manufactures roughly 70% of Boeings\u2019 737 MAX, in addition to forward fuselage sections of the 787 and upcoming 777X, both of which feature strongly in Emirates\u2019 order books. Spirit was once a Boeing subsidiary, but separated from its parent company in 2005. Airbus is also reportedly in talks to acquire some Spirit operations that supply it with parts, the newswire added citing industry sources. The Federal Aviation Administration <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dc5dc82f-8b31-4dec-a0e9-254e48e9f5ec\" style=\"\" rel=\"noopener\">cleared<\/a> Boeing\u2019s 737 MAX 9 aircraft to return to service early last month, following a mid-flight <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">panel blow out<\/a> that saw the fleet grounded in January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON A RELATED NOTE-<\/strong><strong>The aviation industry is \u201clikely to miss the 2050 net zero target,\u201d<\/strong> former chief executive of Amsterdam\u2019s Schiphol airport Ruud Sondag told <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/69b19c61-7ea3-4b5c-80c2-c613e2969f30\" style=\"\" rel=\"noopener\">The Financial Times<\/a>, due to the industry\u2019s continued expansion in airfleets \u2014 projected to increase <a target=\"_blank\" href=\"https:\/\/www.oliverwyman.com\/our-expertise\/insights\/2024\/feb\/global-fleet-and-mro-market-forecast-2024-2034.html?utm_medium=referral&utm_campaign=fleet-mro-forecast-2024&utm_content=forbes-&utm_id=cmp-16005-r2f0r6\" style=\"\" rel=\"noopener\">by 28%<\/a> globally by 2034 to reach 36.4k aircrafts \u2014 at a rate faster than the commercialization of sustainable aviation fuel or other green alternatives. The industry will fail to achieve the targets stipulated in the Paris Agreement unless European governments intervene by raising taxes or imposing caps on flights, according to Sondag, who urged that \u201cwe need to do something. And if that\u2019s a standstill [in air travel growth] for the time being. [Then] Okay.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a><\/strong><strong>#3- <\/strong><strong>Could Egypt\u2019s Import backlogs soon be a thing of the past?<\/strong>Prime Minister Moustafa Madbouly made a visit to Alexandria Port last Thursday to oversee the release of goods and make a televised address to the press (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=WroJCZoatjA\" style=\"\" rel=\"noopener\">watch,<\/a><a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=WroJCZoatjA\" style=\"\" rel=\"noopener\">runtime: 17:38<\/a>) to signal the Egyptian government\u2019s commitment and ability to clear the backlog of goods in ports stemming from the FX shortage. Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0hXCCpYqE8kfcfi9t5oG8BQgyJdHvG7Qn4EyZX9GeH1RFv4NZfQtxevofs9j4sn7Yl\" style=\"\" rel=\"noopener\">announced<\/a> that USD 231 mn worth of strategic commodities \u2014 excluding gold and oil products \u2014 and some USD 464 mn worth of production materials were released between 1-6 March. Over USD 12 bn worth of goods had been released since 1 January, Egyptian Customs Authority (ECA) head El Shahat Ghatwary <a target=\"_blank\" href=\"https:\/\/www.youm7.com\/6503080\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategic commodities and production inputs are priority number one: <\/strong>Food, medicine, animal feed, oil products, raw materials, and production requirements are at the top of the list when it comes to making FX available to speed up the release of goods, Madbouly said. Providing FX to release finished products and consumer goods will be at the bottom of the state\u2019s list of priorities, Madouly added, emphasizing the \u201cthe necessity of deepening local industrialization, and the importance of replacing imported products with locally manufactured products.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#4-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.abmaritime.com.jo\/\" style=\"\" rel=\"noopener\">A<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.abmaritime.com.jo\/\" style=\"\" rel=\"noopener\">rab Bridge Maritime<\/a><\/strong><strong> \u2014 a JV <\/strong><strong>between the governments of Egypt, Iraq, and <\/strong><strong>Jordan \u2014 is looking<\/strong><strong> to bolster company capital by some USD 105 mn, <\/strong>on the back of strong earnings in 2023 which were boosted by Red Sea diversions, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid0gbnp4gQY1CcP3SSAYDzPH3MqSor5rx132E28VCCmhDbFhuXMTGqBhxoYypYncSGhl\" style=\"\" rel=\"noopener\">statement<\/a>, citing comments made by General Manager Adnan Al Abdala said at a general assembly. The company is proceeding with plans to modernize its fleet and seeks to acquire new Ro-Pax cargo vessels to haul goods between Aqaba and Nuweiba, among other equipment, the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Iraq is looking to construct a 2 mn barrel per day (bpd) oil pipeline, connecting to <\/strong><strong>export terminals in the south of the country, <\/strong>at an investment that is upward of USD 416 mn, and within a 2024 to 2025 timeframe, <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/4902921-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%B9%D8%AA%D8%B2%D9%85-%D8%A8%D9%86%D8%A7%D8%A1-%D8%AE%D8%B7-%D8%A3%D9%86%D8%A7%D8%A8%D9%8A%D8%A8-%D8%AC%D8%AF%D9%8A%D8%AF-%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%85%D9%86-%D8%A7%D9%84%D8%AC%D9%86%D9%88%D8%A8\" style=\"\" rel=\"noopener\">Al Sharq Al Awsat<\/a> reports, citing statements by head of state-owned Basra Oil Company, Bassem Abdul Karim. Iraq is in talks with Dutch dredging and heavylift outfit <a target=\"_blank\" href=\"https:\/\/boskalis.com\/\" style=\"\" rel=\"noopener\">Boskalis<\/a> to implement the pipeline, which will link oil storage infrastructure to Basra\u2019s Al Faw Port, Abdul Karim said. The new pipeline, which will be the third in a network connecting to southern ports, will boost Iraq\u2019s oil exports via the Persian Gulf from 3.4 mn bpd to 5 mn bpd, the Iraqi official added. The latest initiative comes on the heels of the recent return to service of the northern Baiji-Kirkuk pipeline, which saw a 10-year hiatus due to sabotage, Iraq\u2019s oil ministry said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Baltic Index records weekly gains<\/strong><strong>:<\/strong> The Baltic Exchange\u2019s Dry Bulk Index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was up 4.2% to 2,345 points on Friday, and was up 6.4% for the week, recording its fifth weekly gain due to strong demand across all vessel segments, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-posts-weekly-gain-on-firm-demand-across-vessel-segments\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday. The capesize subindex rose 6.7% to 4,245 points, its highest level since 14 December, and the panamax subindex gained 1.1% to 1,861 points. The smaller supramax segment gained one point to 1,318 points, the newswire said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Oil dipped 1% on Friday<\/strong><strong>,<\/strong>as sluggish demand in China outweighed gains due to extended OPEC+ production cuts, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-up-worlds-top-consumers-boost-demand-2024-03-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. Brent crude dipped 1.1% to USD 82.08 a barrel, while West Texas Intermediate (WTI) fell 1.2% to USD 78.01 a barrel, with Brent and WTI falling 1.8% and 2.5% for the week, the newswire said. OPEC+ latest decision to extend cuts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c2436e7a-aecb-4784-824e-1d34972c2b26\" style=\"\" rel=\"noopener\">into this year\u2019s second quarter<\/a> and declining Russian volumes <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a12302ac-dd22-4990-a94d-e92662bdc5b6\" style=\"\" rel=\"noopener\">on the back of sanctions<\/a> have tightened the market, but demand is also capped by a slowdown in China and lack of a seasonal uptick in US demand, the newswire said citing an analyst. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Drewry\u2019s <\/strong><strong>World Container Index (WCI) dropped 6% to USD 3,287 per 40 ft container last <\/strong><strong>week<\/strong><strong>,<\/strong> but was up 82% y-o-y, maritime research and consultancy firm <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\" rel=\"noopener\">Drewry<\/a> reported on Thursday. The latest WCI reading was also 131% above the average 2019 rate of USD 1,420 per 40 ft container, and USD 830 above the 10-year average rate of USD 2,697, which is inflated due to unusually strong performance during the pandemic, Drewry said. <\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ira<\/strong><strong>qi Ports Company raked in some IQD 65 bn in revenues in February from cargo <\/strong><strong>and oil terminals,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/portsofiraq\/posts\/pfbid0Y3ebyxeQRPhSJfBf7BqzTVS5R3BbZrQBPyfpGFmcPZBMVpdaWFmWPg8ZrLKUmsiXl\" style=\"\" rel=\"noopener\">statement<\/a>. Northern Umm Qasr Port saw IQD 26 bn in returns for the month, while Khor Al Zubair port achieved IQD 12 bn, Southern Umm Qasr Port reeled in IQD 5 bn, Abu Flous Port saw IQD 569 mn in revenues, and oil terminals brought in a combined IQD 21 bn. Iraqi ports imported 61k TEU in containers in February, while exporting 87k TEU, the statement also said. <\/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 target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-mobility-week\/\" style=\"\" rel=\"noopener\">Abu Dhabi Mobility Week<\/a><\/strong><strong> from Wednesday, 24 April to Wednesday, 1 <\/strong><strong>May <\/strong>in Abu Dhabi. The event, organized by <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/department-of-municipalities-and-transport\/\" style=\"\" rel=\"noopener\">The Department of Municipalities and Transport \u2013 Abu Dhabi (DMT)<\/a>, will feature announcements, forums, and introduce a mobility strategy for the emirate. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Iran will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85413518\/Tehran-to-host-second-Iran-Africa-summit-in-April\" style=\"\" rel=\"noopener\">second Iran-Africa International Summit<\/a><\/strong><strong>from Wednesday, 24 April <\/strong><strong>through to Friday, 26 Apri<\/strong>l in Tehran. The event will see Iran receive trade ministers from more than 40 African countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host a special <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">World Economic Forum<\/a><\/strong><strong> event fr<\/strong><strong>om Sunday, 28 April through to Monday, 29 April<\/strong> in Riyadh. The event will focus on global collaboration and energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the 23rd edition of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theairportshow.com\/\" style=\"\" rel=\"noopener\">Airport Show<\/a><\/strong><strong> from Tuesday, 14 May through to <\/strong><strong>Thursday, 16 May<\/strong> in Dubai. The 23rd Airport Show will see representation from airport suppliers, airport service providers, aviation executives, and regional decision makers. The event will highlight current innovations and new technologies, while emphasizing this year\u2019s \"Sustainability and Innovation,\" theme. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">The Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May <\/strong>in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                        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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=\"77272\">\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\">Debt Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\">\r\n                            DP World is close to securing a USD 422 mn facility from Indian banks                        <\/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 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<\/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\/2024\/03\/11\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/829.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77273\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/829-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/829.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"829.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/829.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/829.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77272\" class=\"content-area-description single-story post-77272 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-dp-world tag-india 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\/2024\/3\/.9f125cfc-4d0d-40a7-a0c7-cc5c85720662.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Port operator DP<\/strong><strong> World is reportedly finalizing a USD 422 mn (c. AED 1.55 <\/strong><strong>bn) facility for the <\/strong><strong>construction of the mega container terminal at Kandla, Gujarat<\/strong>, <a target=\"_blank\" href=\"https:\/\/infra.economictimes.indiatimes.com\/news\/ports-shipping\/nabfid-and-axis-bank-to-lend-rs3790-crore-to-dp-world-for-building-box-terminal-at-tuna-tekra\/108212413\" style=\"\" rel=\"noopener\">Economic Times<\/a> reported last week citing sources familiar with the matter. The financing will come from the National Bank for Financing Infrastructure and Development (<a target=\"_blank\" href=\"https:\/\/www.nabfid.org\/\" style=\"\" rel=\"noopener\">NaBFID<\/a>) and <a target=\"_blank\" href=\"https:\/\/www.axisbank.com\/\" style=\"\" rel=\"noopener\">Axis Bank<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> NaBFID and Axis Bank will provide a term loan facility of INR 17.5 bn (c. AED 777 mn) each. Axis Bank will provide an additional INR 1.4 bn (c. AED 62 mn) guarantee facility and an INR 1.5 bn (c. AED 66 mn) bn as a hedge facility, Zawya adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What was said:<\/strong> \u201cDP World has received confirmation from NaBFID and Axis Bank to fund the project,\u201d according to a Ministry of Ports, Shipping, and Waterways official overseeing Deendayal Port Authority. \u201cDP World will be signing the loan agreement with the banks soon,\u201d he stated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> DP World and India\u2019s Deendayal Port Authority (DPA) signed a concession agreement for the mega container terminal at Kandla, Gujarat <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2edc0560-c47d-4257-b3e8-de249326498f\" style=\"\" rel=\"noopener\">back in August<\/a>. The agreement \u2014 valued at USD 510 mn \u2014 involves the operation, development, and maintenance of the new terminal through a 30-year public-private partnership. The mega-container terminal will be completed by 2027, with an annual capacity of 2.2 mn TEUs.<\/p>\n\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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/india\/\">India<\/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=\"77274\" 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=\"77274\">\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\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/\">\r\n                            Dubai\u2019s MBRAH + Tim Aerospace break ground on new MRO hangar at Dubai South                        <\/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\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/\" 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\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/')\">\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\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/\">\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=Dubai\u2019s MBRAH + Tim Aerospace break ground on new MRO hangar at Dubai South&url=https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/\">\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\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/&title=Dubai\u2019s MBRAH + Tim Aerospace break ground on new MRO hangar at Dubai South\">\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=Dubai%E2%80%99s+MBRAH+%2B+Tim+Aerospace+break+ground+on+new+MRO+hangar+at+Dubai+South+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F03%2F11%2Fdubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south%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\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/831.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77275\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/dubais-mbrah-tim-aerospace-break-ground-on-new-mro-hangar-at-dubai-south\/831-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/831.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"831.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/831.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/831.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77274\" class=\"content-area-description single-story post-77274 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-uae 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\/2024\/3\/.2aec4947-2034-4fa8-9d0a-a8298e7f23fc.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new MRO hangar in Dubai South: <\/strong>Dubai aerospace platform <a target=\"_blank\" href=\"https:\/\/www.mbraerospacehub.ae\/\" style=\"\" rel=\"noopener\">Mohammed bin Rashid<\/a><a target=\"_blank\" href=\"https:\/\/www.mbraerospacehub.ae\/\" style=\"\" rel=\"noopener\">Aerospace Hub<\/a> (MBRAH) and UAE-based MRO outfit <a target=\"_blank\" href=\"https:\/\/timaerospace.com\/\" style=\"\" rel=\"noopener\">Tim Aerospace<\/a> have broken ground on a new MRO hangar at Dubai South, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/07-03\/Mohammed-bin-Rashid-aerospace-hub-and-Tim\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The project is expected to be one of the largest wide-body aircraft MRO hangars in the GCC, and is scheduled for completion by 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> The new hangar will accommodate up to five wide-body aircrafts, excluding the Airbus A380, and supply cost-efficient and premium aircraft base maintenance services for a wide range of wide- and narrow-body commercial cargo and passenger planes, the statement notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MBRAH\u2019s been busy:<\/strong> The aerospace platform had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/62b9be16-13e3-4d81-9168-4b43ebf4918f\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with UAE-based budget carrier Flydubai in November 2023 to develop a purpose-built USD 190 mn MRO facility in Dubai South, with plans to kick of the construction of a hangar and workshop this year to complete development by 2026. MBRAH had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ec4b20c0-ecd6-48c9-b15e-cac14585cc04\" style=\"\" rel=\"noopener\">inked another agreement<\/a> that same month with integrated cabin completion and modification service center <a target=\"_blank\" href=\"https:\/\/www.aero.uuds.com\" style=\"\" rel=\"noopener\">UUDS<\/a> to open its third hangar at Dubai South.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regional MRO sector is booming:<\/strong> The region\u2019s MRO sector has seen <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b635b36f-9e55-40e2-90d5-0f21d5ebe913\" style=\"\" rel=\"noopener\">a slew of new investments<\/a> recently, as regional players look to establish localized maintenance rather than outsource these services to external outfits. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77276 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"77276\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/77276\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77276\" class=\"content-area-description single-story post-77276 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77277\" 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=\"77277\">\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\">Data Centers<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/\">\r\n                            UAE\u2019s G42 and EcoCloud will build a 100 MW green data center in Kenya                        <\/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\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/\" 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\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/')\">\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\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/\">\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=UAE\u2019s G42 and EcoCloud will build a 100 MW green data center in Kenya&url=https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/\">\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\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/&title=UAE\u2019s G42 and EcoCloud will build a 100 MW green data center in Kenya\">\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=UAE%E2%80%99s+G42+and+EcoCloud+will+build+a+100+MW+green+data+center+in+Kenya+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F03%2F11%2Fuaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya%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\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/651.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77278\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/uaes-g42-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\/651-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/651.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"651.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/651.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/651.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77277\" class=\"content-area-description single-story post-77277 post type-post status-publish format-standard has-post-thumbnail hentry category-data-centers tag-data-centers tag-uae 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\/2024\/3\/.79c4f597-2a23-413e-abcd-1709051e0ec0.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based AI outfit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.g42.ai\/\" style=\"\" rel=\"noopener\">G42<\/a><\/strong><strong> has inked <\/strong><strong>an<\/strong><strong> MoU with Kenya\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ecocloud.co.ke\/\" style=\"\" rel=\"noopener\">EcoCloud<\/a><\/strong><strong> to establish a <\/strong><strong>100 MW sustainable data center in Kenya powered by geothermal energy<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/resources\/news\/g42-and-kenyas-ecocloud-unveil-green-powered-mega-data-center-collaboration\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The data center will eventually have a storage capacity of up to 1 GW. No investment ticket or timeline for the project were disclosed as part of the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The hub will be strategically located in Kenya\u2019s geothermal-rich region, enabling it to be powered by geothermal energy, reducing reliance on fossil fuels and curbing carbon emissions. Aside from infrastructure investments, the partnership will also promote the development of cloud computing and AI services, in a bid to unlock growth and support the development of Kenya\u2019s digital economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>G42 is doubling down on data infrastructure investments in Africa: <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e53055d3-c1f1-4a58-b5cc-0bf5fc3bffdc\" style=\"\" rel=\"noopener\">inked<\/a> an agreement with Mauritania\u2019s Digital Transformation, Innovation, and Modernization Ministry in mid-2023 to develop and improve the country\u2019s national data center. <\/p>\n\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\/data-centers\/\">DATA CENTERS<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77279\" 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=\"77279\">\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\">Disruption Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/sunken-rubymars-anchor-may-have-severed-red-sea-data-cables-a-flurry-of-activity-in-the-red-sea-in-the-wake-of-first-fatalities\/\">\r\n                            Sunken Rubymar\u2019s anchor may have severed Red Sea data cables + a flurry of activity in the Red Sea in the wake of first fatalities                        <\/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 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/833.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77280\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/sunken-rubymars-anchor-may-have-severed-red-sea-data-cables-a-flurry-of-activity-in-the-red-sea-in-the-wake-of-first-fatalities\/833-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/833.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"833.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/833.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/833.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77279\" class=\"content-area-description single-story post-77279 post type-post status-publish format-standard has-post-thumbnail hentry category-disruption-watch tag-disruption-watch tag-houthi tag-rail tag-shipping-maritime tag-trade 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\/2024\/3\/.9d25aef6-2a0d-42c6-8c0e-c81929c84f73.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Yemen\u2019s Houthis launched 37 <\/strong><strong>drones targeting US warships in the Red Sea and Gulf of Aden on Saturday<\/strong>, the group\u2019s spokesperson Yahya Saree <a target=\"_blank\" href=\"https:\/\/twitter.com\/army21ye\/status\/1766366053938905395\" style=\"\" rel=\"noopener\">posted<\/a> on X on Saturday. US Centcom <a target=\"_blank\" href=\"https:\/\/twitter.com\/CENTCOM\/status\/1766510050649022808\" style=\"\" rel=\"noopener\">downed<\/a> 28 Houthi drones and a French warship and fighter jets also downed four drones heading towards <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5a54c1a9-21be-43a8-a719-110ba32ea936\" style=\"\" rel=\"noopener\">European Apsides<\/a> naval vessels, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-say-they-targeted-bulk-carrier-number-us-war-destroyers-red-sea-2024-03-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Singapore-flagged bulk carrier Propel Fortune was targeted by a Houthi attack on <\/strong><strong>Friday<\/strong>, the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/yemen-houthi-rebels-sea-attacks-gaza-208f99c5cebfbb9e3ce9328b795c1e03\" style=\"\" rel=\"noopener\">Associated Press<\/a> reported on Friday. The missiles used in the attack did not impact the vessel, and no damage or casualties were reported, Centcom <a target=\"_blank\" href=\"https:\/\/twitter.com\/CENTCOM\/status\/1766304008506130435\" style=\"\" rel=\"noopener\">said<\/a> on X. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong>Indian Navy has evacuated all 20 crewmen and three armed guards aboard Barbados-flagged <\/strong><strong>True Confidence to a hospital in Djibouti<\/strong>, following an attack that saw three seafarers aboard the vessel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0b48fcdb-c07e-4fbf-adee-bd8dfc680ab0\" style=\"\" rel=\"noopener\">killed last week<\/a> in what represented the first deaths due to Houthi attacks on shipping in the Red Sea, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/ship-evacuated-after-first-civilian-fatalities-houthis-red-sea-attacks-2024-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. The vessel was journeying to Jeddah and Aqaba from China, hauling a cargo of steel products and trucks. Two of the seafarers killed are Filipino, with a third from Vietnam, the newswire said citing statements from the vessel\u2019s owners and managers. \u201cThe vessel is drifting well away from land and salvage arrangements are being made,\u201d the companies also said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wednesday\u2019s deadly attack has renewed concerns about the welfare of seafarers aboard <\/strong><strong>vessels braving the Red Sea route,<\/strong> the newswire added. \u201cWe call on the industry to divert ships around the Cape of Good Hope until safe transit through the Red Sea can be guaranteed,\u201d General Secretary of the International Transport Workers\u2019 Federation Stephen Cotton said. Labor groups successfully lobbied last month for seafarers\u2019 rights <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6a95f94f-0909-4808-9b95-e592a5c5f4b6\" style=\"\" rel=\"noopener\">to refuse to partake<\/a> in journeys transiting the Red Sea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Did the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/edition\/logistics\/218347e6-ba51-48c6-86c0-dafbfcd1e8be\" style=\"\" rel=\"noopener\">sinking Rubymar\u2019s anchor<\/a><\/strong><strong> sever Red Sea data cables?<\/strong>Rubymar\u2019s anchor was \u201cmost likely\u201d the cause behind <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/69c1559e-09af-4f75-81d3-7137f238cca9\" style=\"\" rel=\"noopener\">damage to three subsea data cables<\/a> off of Yemen\u2019s coast, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-06\/anchor-from-houthi-sunk-ship-likely-damaged-undersea-cables\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week, citing comments made by US National Security Council spokesperson John Kirby. Cable operators plan to begin repairs in early 2Q, but the timeline is dependent on receiving work permits in Yemen\u2019s waters, South Africa-based cable operator Seacom told Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D<\/strong><strong>emand for shipping goods from Asia to Europe via Russian railways has surged <\/strong><strong>on the back of Red Sea disruptions, <\/strong>as logistics companies turn to alternative routes, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4c334d94-66e6-49f4-9256-b30b4ebca984\" style=\"\" rel=\"noopener\">The<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4c334d94-66e6-49f4-9256-b30b4ebca984\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing logistics companies and railway operators. DHL estimates that the requests for railway transport via Russia have jumped 40% since the Red Sea crisis saw ships being diverted starting in December, with RailGate Europe citing up to a 35% increase and Dutch Rail Bridge Cargo indicating a 31% increase y-o-y. Many European companies including DHL, Kuehne + Nagel, and Maersk are not engaging in the use of Russian rail and road networks due to European sanctions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asia to Europe rail volumes are still comparatively low,<\/strong> with monthly volumes via the corridors falling after Russia\u2019s invasion of Ukraine, and representing less than the cargo carried by a single large containership, the FT said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese bookings for tankers <\/strong><strong>hauling crude from the Persian Gulf have seen an <\/strong><strong>uptick in recent days, <\/strong>as the world\u2019s largest crude importer switches to Persian Gulf-based suppliers amid Red Sea disruptions, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/china-adds-persian-gulf-oil-bookings-as-red-sea-crisis-persists?utm_source=google&utm_medium=bd&cmpId=google\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. Some 10 Very Large Crude Carriers (VLCCs) were booked from the Persian Gulf to China in a three-day span, a rate which the outlet notes is unusually high. Red Sea disruptions have yielded diversions to shipping routes and a hike in freight rates, spurring China to look to suppliers located alongside routes that do not require a Red Sea transit, including Persian Gulf-based exporters such as KSA, Bloomberg said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Red Sea disruptions threaten to impede Asia\u2019s growth and spur inflation,<\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-08\/red-sea-crisis-could-fan-asia-s-inflation-anew-delay-rate-cuts\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday citing an Economist Intelligence Unit (EIU) report. The disruptions could hack 0.5% off of Asia\u2019s growth in 2024, and boost inflation by 0.4%, as Asian exports already contending with flagging demand take hits from disruptions, with Indonesia, Malaysia, and Thailand cited as the most likely to see adverse effects, the report said. Likewise, Asian countries that import foods, in particular Pacific Islands, New Zealand, and Pakistan, could see inflation on the back of higher shipping costs, the report also said. Stronger inflation could also see countries delaying interest rate cuts, while disruptions may also lead Asian manufacturers to pursue nearshoring, EIU added. <\/p>\n\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\/disruption-watch\/\">DISRUPTION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/houthi\/\">Houthi<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/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=\"77281 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"77281\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/77281\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77281\" class=\"content-area-description single-story post-77281 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\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<section id=\"77282\" 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=\"77282\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/drc-hopes-for-more-qatar-cooperation-iran-and-afghanistan-ink-road-transport-agreement\/\">\r\n                            DRC hopes for more Qatar cooperation + Iran and Afghanistan ink road transport agreement                        <\/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\/2024\/03\/11\/drc-hopes-for-more-qatar-cooperation-iran-and-afghanistan-ink-road-transport-agreement\/\" 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(); 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At a meeting last week between Congolese President F\u00e9lix Tshisekedi had the Emir of Qatar Sheikh Tamim Bin Hamad Al Thani several agreements were reviewed including an agreement pertaining to the modernization of the DRC\u2019s Matadi Port, which should commence before year\u2019s end. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran and Afghanistan have inked an agreement<\/strong><strong>to strengthen transit corridors and <\/strong><strong>boost trade between the two countries<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2024\/03\/10\/3052797\/tehran-kabul-ink-road-transport-cooperation-document\" style=\"\" rel=\"noopener\">Tasnim<\/a> reports. Iran\u2019s Road Maintenance and Transportation Organization Director General Javad Hadayati met with the Taliban government\u2019s Civil Aviation Minister Mullah Hamidullah Akhundzada, both of whom stressed the importance of completing construction on the Herat-Mazar i Sharif road to enhance connectivity in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>AD Ports talks logistics + international transport with Iraq: <\/strong>International transport, logistics services, and regional economic cooperation projects were the main topics of discussion during a meeting between AD Ports representatives and an Iraqi delegation in Abu Dhabi last week, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/03\/07\/ad-ports-group-welcomes-iraqi-delegation-to-discuss-strategic-transport-and-logistics-projects\" style=\"\" rel=\"noopener\">press release<\/a>. The two sides discussed initiatives like the Transports Internationaux Routiers International Road Transport System and Iraq\u2019s Development Road Project, aiming to connect the GCC with Europe through Iraq. <\/p>\n\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\/diplomacy\/\">DIPLOMACY<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77284\" 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=\"77284\">\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\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/dhl-macroeconomic-outlook-for-2024-is-bleak-hd-hyundai-sets-up-maritime-nuclear-energy-watchdog\/\">\r\n                            DHL macroeconomic outlook for 2024 is bleak + HD Hyundai sets up maritime nuclear energy watchdog                        <\/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\/2024\/03\/11\/dhl-macroeconomic-outlook-for-2024-is-bleak-hd-hyundai-sets-up-maritime-nuclear-energy-watchdog\/\" 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(); 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Trade is sluggish, but it is \u201cbottoming out,\u201d Meyer added. This has been particularly evident in the outfit\u2019s B2B operations, with intra-European trade, road freight, and air freight shipments between China and the US all taking hits. On the bright side, DHL\u2019s B2C e-commerce operations are going strong, \u201cthe trend is very much intact, again so that\u2019s fully a positive in our business portfolio,\u201d he added. DHL\u2019s top boss had expressed many of these same sentiments in an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0b48fcdb-c07e-4fbf-adee-bd8dfc680ab0\" style=\"\" rel=\"noopener\">interview with CBC last week<\/a>, following the outfit\u2019s latest earnings release. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A DB Schenker acquisition is also not in the cards: <\/strong>DHL has decided against moving ahead with an acquisition of German rail operator Deutsche Bahn\u2019s logistics subsidiary DB Schenker, Meyer said. Deutsche Bahn had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9fc14958-2123-4f34-862b-e5dd7f248f00\" style=\"\" rel=\"noopener\">kicked off the sales process<\/a> for its logistics subsidiary late last year, with the sale expected to be worth up to USD 21.8 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF THE ACQUISITION- Deutsche Bahn anticipates at <\/strong><strong>least 10 bidders for its logistics subsidiary DB Schenker with expectations to ink a contract in 2H 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/deutsche-bahn-eyes-deal-sell-schenker-by-end-year-source-2024-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing people with knowledge of the matter. Initial offers with formal bids must be submitted by the end of this month, upon which the pool of bidders will be reduced ahead of a final sale in 2025, the sources said. Deutsche Bahn\u2019s offloading of its logistics arm is expected to generate between EUR 12-15 bn, which the railway operator will apply to meet part of its EUR 30 bn debts and focus on its core railway operations, an anonymous source said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is throwing their hats into the ring?<\/strong> Shipping giant Maersk, Danish freight forwarder DSV, and US Parcel delivery outfit UPS, as well as investors Bain, Advent, CVC, and Carlyle, have all expressed interest in acquiring DB Schenker, Reuters said citing press reports. KSA sovereign wealth fund PIF is reportedly supporting DSV\u2019s bid, with Abu Dhabi sovereign wealth fund ADQ and Saudi shipping and logistics firm Bahri also eyeing bids, the newswire also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HD Hyundai sets up maritime nuclear energy watchdog: <\/strong>South Korea\u2019s HD Hyundai Shipbuilding & Offshore Engineering revealed that it has established a London-based international regulatory body \u2014 called the <a target=\"_blank\" href=\"https:\/\/www.nemo.ngo\/\" style=\"\" rel=\"noopener\">Nuclear Energy Maritime Organization<\/a> (Nemo) \u2014 aimed at regulating and standardizing the deployment, operation and decommissioning of nuclear energy within the maritime sector, <a target=\"_blank\" href=\"https:\/\/www.businesskorea.co.kr\/news\/articleView.html?idxno=212587\" style=\"\" rel=\"noopener\">Business Korea<\/a> reports. Comprising 11 founding nuclear companies from seven countries, the organization will collaborate with the International Maritime Organization and the International Atomic Energy Agency (IAEA) to \u201cserve as a cornerstone to advance the era of offshore nuclear power,\u201d Nemo\u2019s inaugural chairman and IAEA\u2019s former safety division head, Mamdouh el-Shanawany said. <\/p>\n\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\/dhl\/\">DHL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/freight-forwarding\/\">freight forwarding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics-in-the-news\/\">LOGISTICS IN THE NEWS<\/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=\"77286\" 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=\"77286\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/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\/2024\/03\/11\/aramex-sets-up-riyadh-hq-sanad-deucalion-partner-mro-services-and-oman-completes-rusayl-bidbid-road-upgrades\/\">\r\n                            Aramex sets up Riyadh HQ, Sanad + Deucalion partner MRO services, and Oman completes Rusayl-Bidbid road upgrades                        <\/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 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/829.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77287\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/aramex-sets-up-riyadh-hq-sanad-deucalion-partner-mro-services-and-oman-completes-rusayl-bidbid-road-upgrades\/829-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/829.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"829.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/829.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/829.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77286\" class=\"content-area-description single-story post-77286 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aramex tag-aviation tag-oman 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\/2024\/3\/.8a4a11be-8a3b-4fc6-b821-33626f39be6b.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">LOGISTICS HANDLING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>UAE-based logistics company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aramex.com\/us\/en\" style=\"\" rel=\"noopener\">Aramex<\/a><\/strong><strong> has inaugurated its <\/strong><strong>regional headquarters in Riyadh<\/strong> in a bid to boost the company\u2019s capacity to serve both new and existing businesses in the region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/aramex-bolsters-commitment-to-saudi-arabia-with-new-regional-headquarters-in-riyadh-ri4bl7e2\" style=\"\" rel=\"noopener\">statement<\/a>. It first announced its plan to establish a regional HQ here back in 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sanad + Deucalion partner on Rolls Royce Trent 700 Engine MRO:<\/strong> Mubadala-owned aerospace engineering outfit Sanad is partnering with Deucalion Aviation to deliver Maintenance, Repair, and Overhaul (MRO) services for the Rolls Royce Trent 700 engines, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b20acyr-sanad-expands-customer-base-with-%E2%80%98deucalion\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The agreement is in line with Sanad\u2019s goal to boost its global customer base, as well as to strengthen the global aviation supply chain, MRO General Manager at Sanad Baha Salama said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ROADS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>O<\/strong><strong>man has completed <\/strong><strong>the Rusayl-Bidbid Road Expansion Project<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/MediaCenter\/NewsDetail.aspx?NID=101271\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The project \u2014 which covers a distance of 27 km \u2014 added lanes and expanded bridges along the road extending from the Rusayl-Nizwa Interchange on the Muscat Expressway to the Al Sharqiya Expressway Interchange in the Wilayat of Bidbid. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Qatar Airways retires Boeing 747 freighter: <\/strong><a target=\"_blank\" href=\"https:\/\/www.qrcargo.com\/s\/\" style=\"\" rel=\"noopener\">Qatar Airways Cargo<\/a> 's Boeing 747F, registration A7-BGB, has completed its final commercial cargo flight, landing in Doha from Barcelona. (<a target=\"_blank\" href=\"https:\/\/www.qrcargo.com\/s\/company\/press-releases\/a0zP1000000zNcPIAU\/qatar-airways-cargo-retires-its-last-queen-of-the-skies\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Oman + Saudi Arabia to <\/strong><strong>expand land connectivity<\/strong><strong>: <\/strong>Oman\u2019s <a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/ITA\/default.aspx\" style=\"\" rel=\"noopener\">Transport,<\/a><a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/ITA\/default.aspx\" style=\"\" rel=\"noopener\">Communications, and<\/a><a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/ITA\/default.aspx\" style=\"\" rel=\"noopener\">Information Technology Ministry<\/a> has signed an agreement with KSA\u2019s ICT solutions company <a target=\"_blank\" href=\"https:\/\/salam.sa\/en\/personal\" style=\"\" rel=\"noopener\">Salam<\/a> to expand land connectivity between the two countries. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/mtcitoman\/posts\/pfbid0VE3sNBrWXRKqraBGbJL55dqYYQwAZDNPyugQGydVkBPwBebqu2EdohhbbFSyNBfil\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>ACP + Eurowings ink agreement:<\/strong><a target=\"_blank\" href=\"https:\/\/www.acp.gov.sa\/\" style=\"\" rel=\"noopener\">Saudi Air Connectivity Program<\/a> (ACP) is partnering with <a target=\"_blank\" href=\"https:\/\/www.eurowings.com\/en.html?cha=sea&si=g&cmpID=20000783952&keyword=eurowings_matchtype=e&cr=655718272466_147622245105&gclsrc=aw.ds&gad_source=1&gclid=CjwKCAiA6KWvBhAREiwAFPZM7hc1NfwrrOQLV37gNqlQrLgwy7an4Kn3H3lo-BuaGXPnuGllwRSkchoCoVIQAvD_BwE&gclsrc=aw.ds&et_uk=e7ad8ac2f835499ca8a0f60b0c37be51\" style=\"\" rel=\"noopener\">Eurowings<\/a> airline to boost air connectivity between the Kingdom and the EU by introducing two new direct flights between Berlin and Cologne, Germany and Jeddah, KSA. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/saudi-air-connectivity-program_air-connectivity-program-acp-cooperates-activity-7171213199889928192-1TWN\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Saudi Arabia expanding industrial customs exemptions:<\/strong> KSA\u2019s Industry and Mineral Resource Ministry is set to expand industrial customs exemptions as of 1 April to encompass all imports for industrial establishments with valid licenses. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2060711\" style=\"\" rel=\"noopener\">SPA<\/a>)<\/li>\n<li><strong>Etihad adding more Italy flights<\/strong><strong>:<\/strong> Etihad Airways is launching two daily flights to Rome starting 1 November. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/etihadairways_mamma-mia-double-daily-to-la-dolce-vita-activity-7172139067059515392-RltO?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Dnata covering full ground handling services for Cathay Pacific at <\/strong><strong>Heathrow: <\/strong>Emirati airport services provider Dnata has extended its partnership with Hong-Kong carrier Cathay Pacific in the UK to include passenger handling services for the airline\u2019s five times daily services to London Heathrow Airport. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/dnata_wearednata-activity-7171459896150839296-PEPO?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>I<\/strong><strong>ran introduces new loading platform at <\/strong><strong>Imam Khomeini port<\/strong><strong>: <\/strong>Iran has inaugurated a new loading platform at Imam Khomeini Port in Khuzestan province, which should bolster the processing of commodity shipments. (<a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85414198\/Iran-launches-new-loading-platform-at-Imam-Khomeini-port\" style=\"\" rel=\"noopener\">IRNA<\/a>)<\/li>\n<\/ul>\n\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\/aramex\/\">Aramex<\/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\/oman\/\">Oman<\/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=\"77288\" 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=\"77288\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/india-and-efta-ink-freetrade-pact-alaska-airlines-cooperates-with-doj-probe-crude-tanker-newbuild-contracts-surge-490-y-o-y\/\">\r\n                            India and EFTA ink freetrade pact, Alaska Airlines cooperates with DOJ probe, Crude tanker newbuild contracts surge 490% y-o-y                        <\/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 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                       <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/789.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77289\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/11\/india-and-efta-ink-freetrade-pact-alaska-airlines-cooperates-with-doj-probe-crude-tanker-newbuild-contracts-surge-490-y-o-y\/789-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/789.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"789.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/789.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/789.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77288\" class=\"content-area-description single-story post-77288 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-aviation tag-trade 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\/2024\/3\/.2f8135db-77e5-459e-bad2-189a8f6ccadb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India has inked a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.efta.int\/free-trade\/ongoing-negotiations-talks\/india\" style=\"\" rel=\"noopener\">freetrade pact<\/a><\/strong><strong> with the EFTA Bloc that includes a commitment to <\/strong><strong>invest USD 100 bn in the country<\/strong>, concluding an agreement that has been 16 years in the making, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-10\/india-efta-bloc-sign-free-trade-pact-after-16-years-in-making?srnd=economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Under the pact, the European bloc \u2014 which comprises non-EU members Norway, Iceland, Switzerland, and Liechtenstein \u2014 will receive easier access to India\u2019s processed food, beverage, and electrical machinery markets. Indian professionals also will see smoother movement and access to EFTA countries. The pact will create 1 mn jobs in India over the next 15 years, the newswire says, citing Indian Trade Minister Piyush Goyal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The g<\/strong><strong>lobal merchandise trade is struggling to rebound from its slump in 2023<\/strong>, the World Trade Organization (WTO) said in its latest <a target=\"_blank\" href=\"https:\/\/www.wto.org\/english\/news_e\/news24_e\/wtoi_08mar24_e.htm\" style=\"\" rel=\"noopener\">WTO Goods Trade Barometer<\/a> report issued on Friday. The WTO\u2019s goods barometer came in at 100.6, dipping slightly from the November 2023 reading of 100.7. The baseline figure of 100 indicates growth over the next quarter in line with medium-term trends, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-08\/global-trade-struggles-to-bounce-back-from-2023-slump-wto-says\" style=\"\" rel=\"noopener\">Bloomberg<\/a> explains. The merchandise trade should continue to recover in early 2024, but gains could easily be derailed by regional conflicts and geopolitical tensions which pose a downward risk to the near-term outlook, according to the report. The barometer's component indices were mostly neutral, with indicators of export orders and air freight rising slightly above trend at 101.7 and 102.3 respectively, the report notes. Container shipping came in at 98.6 below trend as well as raw materials trade at 99.1. Automobile production and sales indices remained above the trend at 106.3.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>C<\/strong><strong>hina\u2019s trade has s<\/strong><strong>urged on the back of electronics and increased exports to <\/strong><strong>Russia and emerging markets,<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/44c673b1-4eb5-4233-9c4a-a6980221b3d8\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reported on Thursday. Exports rose some 7.1% y-o-y in January and February 2024 and imports were up 3.5%. China\u2019s biggest trade partner was the Association of Southeast Asian Nations bloc, accounting for some 4.8% of trade, followed by the EU at 4.1%, FT writes, adding that the US\u2019 share was 0.7%. China\u2019s trade with Russia increased some 9.3% to USD 37 bn, with exports to Russia from China increasing by some 12.5%. China\u2019s trade with India and Brazil also boomed in the same period, increasing by some 15.8% and 33.3% respectively. This rise is attributable to friendshoring, as producers moved away from China to evade protectionist US and EU measures, FT writes, citing an analyst.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Crude tanker newbuild contracting jumped 490% y-o-y to 7.4 mn dwt in the first <\/strong><strong>two months of 2024<\/strong>, shipping organization <a target=\"_blank\" href=\"https:\/\/www.bimco.org\/news-and-trends\/market-reports\/shipping-number-of-the-week\/20240306-snow\" style=\"\" rel=\"noopener\">BIMCO<\/a> reported last week. Nineteen VLCCs were ordered during this period, surpassing the number of orders for this type of vessel in all of 2023. The crude tanker orderbook to fleet ratio grew to 6.2% by February. More oil is forecasted to come from the Americas and oil demand is expected to shift towards Asia in the next few years, resulting in longer sailing distances and higher demand for VLCC models. All the VLCC ships contracted in 2024 so far, and 70% of those ordered in 2023, are set for delivery between 2026 and the end of 2027.<\/p>\n\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\/around-the-world\/\">AROUND THE WORLD<\/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\/trade\/\">trade<\/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=\"77290\" 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\/2024\/03\/11\/77290\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77290\" class=\"content-area-description single-story post-77290 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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">MARCH <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-14 March (Tuesday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/wcs\/\" style=\"\">IATA World Cargo Symposium<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong International Airport, Hong Kong.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>20 March (Wednesday): Construction work scheduled to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/09\/18\/2957794\/iran-russia-finalizing-contract-for-constructing-rasht-astara-railway\" style=\"\">begin<\/a><\/span><span> on the 162 km <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/223b92ed-a104-4975-97a7-f7e0895b479b\" style=\"\">Rasht-Astara Railway<\/a><\/span><span style=\"font-weight:400;\"> in Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>24 April- 1 May ( Wednesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-mobility-week\/\" style=\"\">Abu Dhabi Mobility Week<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>24 April- 26 April (Wednesday-Friday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85413518\/Tehran-to-host-second-Iran-Africa-summit-in-April\" style=\"\">The second Iran-Africa International Summit<\/a><\/span><span>, Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>27 April- 1 May (Saturday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irantsn.com\/en\" style=\"\">Iran Expo 2024<\/a><\/span><span style=\"font-weight:400;\">, Tehran International Permanent Fairground, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>28 April - 29 April (Sunday - Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\">World Economic Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>29 April- 2 May(Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.glafamily.com\/about-GLA-Global-Logistics-Conference\" style=\"\">GLA Global Logistics Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>30 April- 2 May(Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aemobforum.com\/\" style=\"\">Autonomous E-mobility Forum<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.investinabudhabi.gov.ae\/News\/Abu-Dhabi-to-Host-DRIFTx-For-Smart-and-Autonomous-Mobility\" style=\"\">Driftx<\/a><\/span><span style=\"font-weight:400;\">. Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;\">, Hotel President Wilson, Geneva, Switzerland.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>2-4 May(Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ensias.um5.ac.ma\/news\/7th-edition-international-conference-logistics-operations-management-smart-sustainable-and\" style=\"\">The International Conference on Logistics Operations Management: smart, sustainable and green logistics<\/a><\/span><span style=\"font-weight:400;\"> (GOL), Marrakesh, Morocco.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>3-5 May (Friday-Sunday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.logistiqua.com\/\" style=\"\">2024 IEEE 15th international conference on Logistics and Supply Chain Management<\/a><\/span><span style=\"font-weight:400;\">, University of Sousse, Tunisia, Tunis.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimcongress.com\/\" style=\"\">Annual Investment Meeting (AIM) Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>14-15 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east\/index.stm\" style=\"\">Seamless Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, DWTC, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\">The Electric Vehicle Innovation Summit<\/a><\/span><span style=\"font-weight:400;\"> (EVIS), Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/airports-council-international-asia-pacific_airportsinnovate-airport-riyadh-activity-7100771294358487040-tFm9\/?utm_source=share&utm_medium=member_desktop\" style=\"\">WAGA 2024<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>2-4 June (Sunday-Tuesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/pressroom\/2023-releases\/2023-06-05-03\/\" style=\"\">IATA Annual General Meeting (AGM) and World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>19-21 June (Wednesday-Friday): World <\/span><span>Freezones<\/span><span> Organization\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303182029\" style=\"\">Annual International Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Bari, Italy.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>6-8 October (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.routesonline.com\/news\/29\/breaking-news\/299662189\/press-release-routes-world-officially-handed-over-to-2024-host-bahrain-international-airport\/\" style=\"\">Routes World 2024<\/a><\/span><span style=\"font-weight:400;\">, Bahrain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>7-9 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.afsic.net\/delegate-registration\/\" style=\"\">AFSIC \u2013 Investing in Africa,<\/a><\/span><span style=\"font-weight:400;\"> London, UK. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>22-24 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE201\" style=\"\">Asean Ports and Logistics 2024<\/a><\/span><span style=\"font-weight:400;\">, Johor, Malaysia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>11-14 November (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/maritime-logistics\/\" style=\"\">ADIPEC Maritime and Logistics Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>13-15 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bahraininternationalairshow.com\/\" style=\"\">The Bahrain International Airshow<\/a><\/span><span style=\"font-weight:400;\">, Sakhir Airbase, Bahrain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 December (Wednesday): The 5th Iran-Senegal Joint Economic Cooperation Commission, Dakar, Senegal.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1Q 2024: Construction of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/Agility\/status\/1664177888365535232?cxt=HHwWgICz8Zy-rJguAAAA\" style=\"\">phase 3<\/a><\/span><span style=\"font-weight:400;\"> of Agility\u2019s logistic park in Abidjan, C\u00f4te d'Ivoire to be completed. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2024: Egypt\u2019s Transport Ministry to launch pre-qualification tender for Cairo-Alex freight railway.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1H 2024: Civil Construction subcontracts for construction firms in Oman for implementation of the Abu Dhabi - Suhar rail link to be <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/oman-etihad-rail-project-to-unlock-major-construction-opportunities-pvugtzq8\" style=\"\">announced<\/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> 2H 2024: Bahri\u2019s barges for Saline Water Conversion Corporation (SWCC) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=4438553&lang=en-GB&companycode=sa-bahri&v=redesign\" style=\"\">begin<\/a><\/span><span style=\"font-weight:400;\"> initial and commercial operation.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">King Salman Energy Park is set to become operational.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/February\/27-02\/DCC-partners-with-Worldef-International\" style=\"\">The Cross-Border Digital Trade Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>Mid-2025: 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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">AD Ports-operated Safaga Port\u2019s multi-purpose terminal will become operational. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apmterminals.com\/en\/news\/news-releases\/2023\/231213-one-million-teu-expansion-at-apm-terminals-tangier-med-port-operational#:~:text=12%2F18%2F2023-,One%20million%20TEU%20expansion%20at%20APM%20Terminals%20Tangier%20MedPort%20operational,an%20additional%20400%20metre%20berth.\" style=\"\">Phase 3<\/a><\/span><span style=\"font-weight:400;\"> of APM Terminals Tangier MedPort to be complete and operational.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Sadr Park\u2019s Logistics Center in Riyadh to be completed. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.jafza.ae\/media-centre\/news\/jafza-completes-phase-1-of-new-logistics-park\/\" style=\"\">Phase two<\/a><\/span><span style=\"font-weight:400;\">of Jafza Logistics Park to be completed.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\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":"<p>DP World reportedly secures financing for Gujarat port development | A new MRO hangar for Dubai South | UAE\u2019s G42 to build a Kenyen data center<\/p>\n","protected":false},"featured_media":77268,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77267","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"983c6c08-fe71-4131-a7cd-8ee2c5232ee5","teaser":"DP World reportedly secures financing for Gujarat port development | A new MRO hangar for Dubai South | UAE\u2019s G42 to build a Kenyen data center","photo_url":"https:\/\/ent.news\/2024\/2\/226.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>DP World is close to securing a USD 422 mn facility from Indian banks - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DP World is close to securing a USD 422 mn facility from Indian banks\" \/>\n<meta property=\"og:description\" content=\"DP World reportedly secures financing for Gujarat port development | A 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