{"id":78677,"date":"2024-05-21T00:00:00","date_gmt":"2024-05-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=78677"},"modified":"2025-12-15T14:40:32","modified_gmt":"2025-12-15T14:40:32","slug":"airbus-lands-saudias-largest-aircraft-order-in-its-history","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/airbus-lands-saudias-largest-aircraft-order-in-its-history\/","title":{"rendered":"Airbus lands Saudia\u2019s largest aircraft order in its history"},"content":{"rendered":"<section id=\"78679\" 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=\"78679\">\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\/05\/21\/today-saudia-makes-historic-aircraft-order-from-airbus-almarai-snaps-up-etmam-logistics\/\">\r\n                            TODAY: Saudia makes historic aircraft order from Airbus + Almarai snaps up Etmam Logistics                        <\/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\/05\/21\/today-saudia-makes-historic-aircraft-order-from-airbus-almarai-snaps-up-etmam-logistics\/\" 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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The order, worth USD 19 bn, will add more A320neo aircraft to Saudi\u2019s fleet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed ink in the int\u2019l press: <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-20\/airbus-wins-historic-order-from-saudi-arabia-s-flagship-carrier\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/saudia-group-agrees-deal-with-airbus-105-aircraft-2024-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/saudia-group-airline-saudi-arabia-carrier-planes-17f69af191d586c3b75218174839528d\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.al-monitor.com\/originals\/2024\/05\/saudia-group-landmark-deal-105-airbus-planes\" style=\"\" rel=\"noopener\">AFP<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/05\/20\/business\/saudi-arabia-airline-airbus-biggest-order\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/business\/2024\/05\/20\/ftse-100-markets-latest-news-gold-interest-rates-inflation\/\" style=\"\" rel=\"noopener\">The Telegraph<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have all the details on this story and more in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FROM THE DEPT. OF SILVER LININGS- <\/strong><strong>Djibouti<\/strong><strong> is benefiting from its location as a \u201chub of stability\u201d amid turmoil in the <\/strong><strong>Red Sea, <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-05-20\/supply-chain-latest-shipping-risks-in-the-red-sea?srnd=economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The country\u2019s container port has seen a boost in activity following Houthi-led attacks in the region, as vessels from Asia dock and unload goods for transshipment through the Suez Canal via smaller vessels. The port has also allowed warships from the EU\u2019s Aspides mission to refuel and use its facilities, while hosting damaged merchant vessels for repairs. The small African nation is attempting to balance a neutral stance however, and has recently turned down an American request to launch operations against the Houthis from its soil, Bloomberg said.<\/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\"><a id=\"wwtt1\"><\/a><strong>#1- Could ADIA\u2019s consortium revise its bid for Malaysia Airports? <\/strong>The takeover bid by a consortium comprising Abu Dhabi Investment Authority, GIP, and Malaysian state players Khazanah Nasional Berhad and Employees Provident Fund could be \u201ctoo opportunistic\u201d and might need to be revised, Ross Cameron, a portfolio manager at Northcape \u2014 which owns a 1.7% stake in the airport operator \u2014 told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-20\/malaysia-airports-shareholder-expresses-doubt-on-takeover-bid?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The consortium <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5a3f3214-55ed-4ccc-bbe7-850db6cd4733\/adia-eyes-a-piece-of-malaysian-airport-operator-as-malaysian-investors-look-to-take-it-private\" style=\"\" rel=\"noopener\">offered to pay<\/a> MYR 11 (USD 2.34) per share for 67% of the company in a bid to take it private, representing a 15% premium over Malaysia Airports\u2019 three-month volume-weighted average price and valuing it at USD 3.9 bn<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One analyst, however, said the offer is \u201cfairly valued\u201d<\/strong> given that minority shareholders have \u201cpositioned early\u201d in anticipation of a take-private bid, driving the share price up in recent months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- Saudi Arabia\u2019s e-commerce market is expected to be worth USD 44 bn by 2030, <\/strong><strong>up from USD 21 bn today<\/strong>, economic analyst Mohammed Al Qahtani told <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/business\/5022504-saudi-e-commerce-set-reach-44-bln-2030\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a>. Al Qahtani sees the sector growing by 13.5% annually, beating a global average of 11.2%, as digital infrastructure and e-commerce are a key pillar of the Kingdom\u2019s diversification efforts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E-commerce is booming:<\/strong> Some 2.6 mn Saudi shoppers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/75a0937e-e67a-4b15-bc7f-df3a4a987992\" style=\"\" rel=\"noopener\">make online<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/75a0937e-e67a-4b15-bc7f-df3a4a987992\" style=\"\" rel=\"noopener\">purchases<\/a> at least once per day, according to Checkout.com\u2019s State of Digital Commerce in MENA 2024 report. Saudi Arabia is seeing \u201cstaggering\u201d growth in online shopping with the number of Saudi consumers shopping online daily growing 90% in the past four years, 10 percentage points above the regional average.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>#3- Abu Dhabi Developmental Holding <\/strong><strong>Company (ADQ) has established an infrastructure investment fund company in Jordan<\/strong>, <a target=\"_blank\" href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=60056&amp;lang=en&amp;name=en_news&amp;cat=en_news\" style=\"\" rel=\"noopener\">Petra<\/a> reports. The fund aims to pour some USD 5 bn into an array of infrastructure and development projects across the country. ADQ will spearhead investment projects in Jordan including the operation and management of a port facility in Aqaba, the establishment of a railway network connecting Aqaba port to mining zones, and the development of a waste-to-energy conversion station, Petra said. Each project will be carried out through a dedicated subsidiary company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Russia has called off a temporary <\/strong><strong>ban on gasoline exports due to a recovery in supplies<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/russia-lift-gasoline-export-ban-rbc-reports-2024-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing statements by a source to RBC Daily. Russia issued a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/596dd22e-3682-4f95-9916-50a435d27117\/today:-aldar-forms-a-jv-with-dubai-in-its-uae-logistics-portfolio-expansion\" style=\"\" rel=\"noopener\">temporary six months ban<\/a> on gasoline exports in late February, with the exception of previous intergovernmental agreements. \u201cThe temporary ban on gasoline exports which came into effect on March 1 will be suspended due to saturation of the domestic market and completion of unscheduled maintenance at refineries,\u201d Russia\u2019s energy ministry said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The country has<\/strong><strong> retained its position as China\u2019s chief oil supplier for 12 months in a row in April,<\/strong> with volumes boosting 30% y-o-y to 9.26 mn metric tons for the month, equivalent to 2.25 mn barrels per day (bpd), as Chinese buyers continue to double down on disc. Russian shipments, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/russia-is-chinas-top-oil-supplier-12th-month-april-2024-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing data from China\u2019s General Administration of Customs. Meanwhile supplies from KSA dropped 25% to 6.34 mn tons, or 1.54 mn bpd, on the back of higher prices, the newswire says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China is also receiving large shipments from Iran: <\/strong>China imported 980k bpd from Malaysia in April, about the same y-o-y, with Malaysia playing a major role in mediating transshipments for sanctioned cargoes from Iran and Venezuela, Reuters added. US officials cited concerns about the transshipments in recent visits to Singapore and Malaysia.<\/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>Sanctioned Russian tankers go offline: <\/strong>39 oil tankers sanctioned by the US Treasury for price cap violations have been \u201csitting idle and empty\u201d for the past 3 to 6 months, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-20\/virtually-all-sanctioned-russian-oil-ships-idle-and-empty-months-after-sanctions\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. 21 of the tankers belong to Russia\u2019 state-owned tanker fleet operator Sovcomflot, with most of the 19 remaining controlled by UAE-based Hennesea Holdings, the outlet said. The vessels are scattered at various locations worldwide, including off of Russia\u2019s Pacific Coast, China, South Korea, and close to the Suez Canal, with signal spoofing having recently misrepresented some vessel locations. Some tankers have also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7ab4fbb8-0291-4833-a826-5f28e84fa545\/today:-damietta-tahya-misr-update--%2B-dp-world-heads-to-malaysia\" style=\"\" rel=\"noopener\">been renamed and reflagged<\/a> in a bid to distance them from listings on sanctions databases, but still remain traceable by unique numeric identifiers.<\/p>\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>O<\/strong><strong>il prices fell in early trading this morning as markets looked for signs on whether the <\/strong><strong>US <\/strong><strong>Federal Reserve will apply monetary easing<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-fall-fear-high-us-interest-rates-depressing-demand-2024-05-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent futures dipped USD 0.44 to USD 83.27 a barrel by 03.12 GMT, while US West Texas Intermediate (WTI) dropped USD 0.51 to USD 79.29 a barrel, the newswire said. Data continues to indicate persistent inflation into 2024, edging the Federal Reserve towards not cutting back rates, US Federal Reserve vice-chair for supervision, Michael Barr said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi crude exports hit a nine-month high <\/strong>after exports rose for a second consecutive month in March to 6.4 mn barrels per day (bbl \/ d), according to <a target=\"_blank\" href=\"https:\/\/www.jodidata.org\/oil\/database\/customisable-charts.aspx#dchart1821\" style=\"\" rel=\"noopener\">Joint Organizations Data Initiative data<\/a>. However, crude production dipped slightly m-o-m to 8.97 mn bbl \/ d. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>OPEC+ meets on 1 June to decide on whether to extend voluntary oil cuts into the second half of the year. The oil cartel kept earlier this month its forecast for a strong global oil demand this year \u201cbroadly unchanged.\u201d It expects oil demand to grow by 2.25 mn bbl \/ d this year and 1.85 mn bbl \/ d next year. <\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Egypt\u2019s Suez Canal Zone (SCZone) has contracted 144 projects worth some USD <\/strong><strong>3.2 bn over the previous 10 months<\/strong><strong>,<\/strong> between July 2023 to April 2024, according to a <a target=\"_blank\" href=\"https:\/\/www.sis.gov.eg\/Story\/274117\/%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%89-%D9%8A%D8%A4%D9%83%D8%AF-%D8%A3%D9%87%D9%85%D9%8A%D8%A9-%D8%AC%D9%87%D9%88%D8%AF-%D9%87%D9%8A%D8%A6%D8%A9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%84%D8%AC%D8%B0%D8%A8-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA?lang=ar\" style=\"\" rel=\"noopener\">statement<\/a>. Of the total, 67 projects have received final approvals and 77 have received initial approval, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The c<\/strong><strong>anal\u2019s revenues are estimated to drop by 60%<\/strong><strong> on the back of Red Sea <\/strong><strong>disruptions, <\/strong>Egypt\u2019s Finance Minister Mohamed Maait said, according to a <a target=\"_blank\" href=\"https:\/\/mof.gov.eg\/ar\/posts\/media\/664b23823b18930008f6d512\/%D9%88%D8%B2%D9%8A%D8%B1%20%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9..%20%D9%81%D9%89%20%D9%85%D8%A4%D8%AA%D9%85%D8%B1%20%D9%85%D8%B1%D9%83%D8%B2%20%D8%A7%D9%84%D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA%20%D9%88%D8%AF%D8%B9%D9%85%20%D8%A7%D8%AA%D8%AE%D8%A7%D8%B0%20%D8%A7%D9%84%D9%82%D8%B1%D8%A7%D8%B1%20%D8%A8%D9%85%D8%AC%D9%84%D8%B3%20%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1..%20%D9%81%D9%89%20%D8%AC%D8%A7%D9%85%D8%B9%D8%A9%20%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9%3A%20%20%20%D8%A8%D8%AF%D8%A3%D9%86%D8%A7%20%D9%85%D8%B1%D8%AD%D9%84%D8%A9%20%D8%AA%D8%B5%D8%AD%D9%8A%D8%AD%D9%8A%D8%A9%20%D9%84%D9%85%D8%B3%D8%A7%D8%B1%20%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%20%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89%20%D9%84%D8%AA%D8%AC%D8%A7%D9%88%D8%B2%20%D8%A7%D9%84%D8%AA%D8%AD%D8%AF%D9%8A%D8%A7%D8%AA%20%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9%20%D9%88%D8%A7%D9%84%D8%AF%D8%A7%D8%AE%D9%84%D9%8A%D8%A9%20%D9%88%D8%A7%D9%84%D8%AD%D8%AF%20%D9%85%D9%86%20%D8%A7%D9%84%D9%85%D8%AE%D8%A7%D8%B7%D8%B1%20%D8%A7%D9%84%D9%85%D8%AD%D8%AA%D9%85%D9%84%D8%A9\" style=\"\" rel=\"noopener\">statement<\/a>. Inflation has also caused Egypt's monthly import bill to surge by USD 4 bn, Maait also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Bahrain\u2019s trade deficit eased 17.1% y-o-y in April to BHD 126 mn, <\/strong><a target=\"_blank\" href=\"https:\/\/www.bna.bh\/en\/news?cms=q8FmFJgiscL2fwIzON1%2BDh1rpByA5GGWEARpmi9P3Po%3D\" style=\"\" rel=\"noopener\">BNA<\/a> reports, citing Information &amp;eGovernment Authority (iGA) trade figures. Exports of products of national origin dropped 9% during the period to BDH 277 mn, while re-exports boosted 16% to BHD 78 mn, and imports fell 8% to BHD 481 mn, BNA said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>UAE airports recorded a 32% y-o-y growth in air cargo volumes in 1Q 2024, hitting <\/strong><strong>1.1 mn tons,&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b38xvcf-uae-airports-welcome-365-million-passengers-2024\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing the UAE\u2019s General Civil Aviation Authority (GCAA). Air freight volumes for the quarter were composed of 269.5k tons of imports, 119.5k tons of exports, and 714.4k of transit cargoes. 68% of the quarter\u2019s total air freight was moved by UAE-based carriers, WAM said. The period also saw a 14.7% boost to passenger numbers to some 36.5 mn passengers.<\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Barbados will host<\/strong><strong><a target=\"_blank\" href=\"https:\/\/unctad.org\/\" style=\"\" rel=\"noopener\">UNCTAD<\/a><\/strong><strong>\u2019s<\/strong><strong><a target=\"_blank\" href=\"https:\/\/unctad.org\/conference\/global-supply-chain-forum-2024\" style=\"\" rel=\"noopener\">Global Supply Chain Forum<\/a><\/strong><strong> from Tuesday, 21 May to Friday, 24 May<\/strong> in Bridgetown. UNCTAD is holding the event in collaboration with the Government of Barbados, which aims to evaluate the role global supply chains have in supporting economic growth, creating jobs, and reducing poverty. Global industry leaders, policymakers and experts will convene to discuss forthcoming issues and explore innovative solutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/comex.om\/2022\/\" style=\"\" rel=\"noopener\">Comex Technology Show<\/a><\/strong><strong> from Monday, 27 May to Saturday, 30 May<\/strong> in Muscat. The event will see representation from industry leaders and decision makers to showcase buyer potential in innovative technology, in transportation, logistics, energy and healthcare sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.propakmena.com\/en\/home.html\" style=\"\" rel=\"noopener\">ProPak MENA<\/a><\/strong><strong> from Sunday, 26 May to Tuesday, 28 May<\/strong> in Cairo. The conference will see F&amp;B manufacturing industry professionals network and discover the latest equipment and logistic solutions for processing and packaging.<\/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 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/pressroom\/2023-releases\/2023-06-05-03\/\" style=\"\" rel=\"noopener\">IATA Annual General Meeting and World Air Transport Summit<\/a><\/strong><strong> from <\/strong><strong>Sunday, 2 June to Tuesday, 4 June <\/strong>in Dubai. The event will bring together aviation industry players to showcase what can be achieved through supportive government policies and decisions. Airline leaders will make decisions during the event to formalize industry positions and set IATA\u2019s strategic agenda.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lebanon will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emmc.me\/overview\/\" style=\"\" rel=\"noopener\">East Med Maritime Conference<\/a><\/strong><strong> on Thursday, 27 June<\/strong> in Beirut. The event will gather industry leaders to discuss the latest developments in shipping, maritime, and offshore industries to discuss industry innovations, alternative fuels, and decarbonizing emissions in the maritime sector and ports. <\/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\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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span 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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=\"78682\">\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\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/airbus-lands-saudias-largest-aircraft-order-in-its-history\/\">\r\n                            Airbus lands Saudia\u2019s largest aircraft order in its history                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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           \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/airbus-lands-saudias-largest-aircraft-order-in-its-history\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1585.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78683\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/airbus-lands-saudias-largest-aircraft-order-in-its-history\/1585-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1585.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1585.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1585.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1585.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78682\" class=\"content-area-description single-story post-78682 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-saudi-arabia tag-saudia 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\/5\/.a2077ad5-a03e-497b-a9f6-d5f0b1a54c32.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>KSA\u2019s Future Aviation Forum ends on a high note:<\/strong> Saudi Arabia\u2019s national flag carrier Saudia has made the country\u2019s largest-ever aircraft order by placing an order for 105 narrow-body aircraft from Airbus, according to statements <a target=\"_blank\" href=\"https:\/\/www.saudia.com\/pages\/experience\/about-us\/corporate-communication\/press-releases-and-news\/press-releases\/press-release-20052024\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.airbus.com\/en\/newsroom\/press-releases\/2024-05-saudia-group-orders-105-a320neo-family-aircraft-to-support-saudi\" style=\"\" rel=\"noopener\">here<\/a>. The order, worth USD 19 bn, will add more A320neo aircraft to Saudi\u2019s fleet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> The aircraft from the order will be distributed between the flagship carrier and its low-cost subsidiary Flyadeal. Saudia is set to receive 54 A321neo, while Flyadeal will get 12 A320neo and 39 A321neo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The landmark order could have been even bigger but Airbus cannot handle any more <\/strong><strong>deliveries before 2032<\/strong>, Saudia spokesman Abdullah Alshahrani told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-20\/airbus-wins-historic-order-from-saudi-arabia-s-flagship-carrier\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. \u201cWe need more than 180 aircraft but there are no slots,\u201d Alshahrani said. \u201cWe need the planes now. That\u2019s our demand,\u201d he said. Saudia will begin receiving aircraft from Airbus starting 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> Saudia has 144 aircraft in its fleet including 93 Airbus and 51 Boeing aircraft, according to its <a target=\"_blank\" href=\"https:\/\/www.saudia.com\/pages\/experience\/about-us\/our-fleet?sc_lang=en&sc_country=US\" style=\"\" rel=\"noopener\">website<\/a>. Its subsidiary flyadeal\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e7d03226-86b1-4abf-b012-aa40a8158a5c\" style=\"\" rel=\"noopener\">entire fleet<\/a> is Airbuses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beating Boeing: <\/strong>Saudia <a target=\"_blank\" href=\"https:\/\/www.saudia.com\/pages\/experience\/about-us\/corporate-communication\/press-releases-and-news\/press-releases\/press-release-14032023-3\" style=\"\" rel=\"noopener\">signed last year<\/a> an agreement with US planemaker Boeing for the order of 39 787 Dreamliners with options for ten more aircraft. PIF-owned airline Riyadh Air <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-nabs-order-78-787-dreamliners-two-saudi-airlines-2023-03-14\/\" style=\"\" rel=\"noopener\">made a similar order last year<\/a> with options for an additional 33 aircraft. Riyadh Air was <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/saudia-group-agrees-deal-with-airbus-105-aircraft-2024-05-20\/\" style=\"\" rel=\"noopener\">reportedly close<\/a> to placing a large narrow-body order in November which <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-11\/riyadh-air-set-for-100-boeing-max-order-in-dubai-to-extend-fleet\" style=\"\" rel=\"noopener\">Bloomberg<\/a> said involved the Boeing 737 Max planes, but no agreement was closed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boeing\u2019s negative press didn\u2019t help:<\/strong> \u201cWhat happened was the media three weeks later spent every hour of every day writing negative stories about commercial aviation,\u201d Riyadh Air CEO Tony Douglas told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/saudia-group-agrees-deal-with-airbus-105-aircraft-2024-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Political considerations had no bearing on the Boeing agreement being stalled or any other aircraft announcements, Douglas said, telling the newswire that future aircraft purchases will continue to \u201cstay as split [between suppliers] as we can.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tried and tested: <\/strong>Flyadeal chose Airbus because it\u2019s familiar with the European planemaker despite delivery delays. \u201cIt\u2019s public knowledge there have been constraints and delivery delays for everyone,\u201d he said. \u201cI don't like it.... [but] what can you do?\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Saudia could soon land in PIF\u2019s portfolio: <\/strong>PIF reportedly in talks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8cb34099-b080-4684-a0e2-3a2488ce9c9c\" style=\"\" rel=\"noopener\">to acquire<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8cb34099-b080-4684-a0e2-3a2488ce9c9c\" style=\"\" rel=\"noopener\">Saudia<\/a> as soon as next year to add it to its aviation assets portfolio. PIF could take over Saudia\u2019s ownership from the government with the intention of improving its efficiency and net income. It could be either privatized or merged with Riyadh Air \u2014 the second flag carrier being set up by PIF.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Saudia will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8a916d0-87ca-4a28-8726-543ac095fd3c\/today:-israel-accuses-houthis-of-seizing-british-owned-cargo-ship-in-the-red-sea-%2B%253cmark%253e-saudia-%253c%2Fmark%253ewill-leave-riyadh-in-2030-as-riyadh-air-takes-charge\" style=\"\" rel=\"noopener\">bid adieu to Riyadh<\/a><\/strong><strong> by 2030<\/strong> to make way for Riyadh Air and will instead base itself out of Jeddah\u2019s King Abdulaziz International Airport<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudia\/\">Saudia<\/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=\"78684\" 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=\"78684\">\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\">STORAGE + WAREHOUSES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/egypts-wepco-kicks-off-the-first-phase-of-usd-420-oil-storage-project\/\">\r\n                            Egypt\u2019s Wepco kicks off the first phase of USD 420 oil storage project                        <\/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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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/egypts-wepco-kicks-off-the-first-phase-of-usd-420-oil-storage-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1636.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78685\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/egypts-wepco-kicks-off-the-first-phase-of-usd-420-oil-storage-project\/1636-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1636.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1636.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1636.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1636.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78684\" class=\"content-area-description single-story post-78684 post type-post status-publish format-standard has-post-thumbnail hentry category-storage-warehouses tag-egypt tag-storage-warehouses tag-supply-chains 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\/5\/.bd2755df-08df-4bc2-821d-c70f0f3963e5.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More crude oil storage for Wepco: <\/strong>Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/www.wepco-eg.com\/\" style=\"\" rel=\"noopener\">Western Desert Operating Petroleum Company<\/a> (Wepco) is looking to establish and operate four crude oil storage tanks and trading facilities worth USD 210 mn in the Western Desert, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/05\/20\/-%D9%88%D9%8A%D8%A8%D9%83%D9%88-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-210-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%AA%D8%AE%D8%B2%D9%8A%D9%86-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%AA%D8%AF%D8%A7%D9%88%D9%84%D9%87\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reports, citing a company source with knowledge of the matter. The new oil storage infrastructure is part of the first phase of expansions at the Al Hamra oil terminal and will boast capacity in excess of 2.5 mn barrels, the source said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The added storage capacity is expected to contribute to oil storage and export operations for the upcoming 2024 - 2025 fiscal year, the source explained. Work on the facilities is reportedly 90% complete with trial runs slated for June and July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more to come: <\/strong>The second phase of the storage project will include another four crude oil storage tankers and trading facilities and is set to be completed in 1Q 2025, the source added. The total investment ticket for the project amounts to USD 420 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Wepco: <\/strong>The state-owned company handles storage and trade operations for crude oil output from Egypt\u2019s Western Desert with Al Hamra oil terminal, the sole oil trading port on Egypt\u2019s Mediterranean coast. Crude oil from Al Hamra is transferred to tankers for export, and via pipelines for domestic use. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chains\/\">supply chains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n         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entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78687\" 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=\"78687\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/sar-3-bn-to-be-invested-in-citics-industrial-city-logistics-zone-in-saudi\/\">\r\n                            SAR 3 bn to be invested in Citic\u2019s industrial city + logistics zone in Saudi                        <\/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\/05\/21\/sar-3-bn-to-be-invested-in-citics-industrial-city-logistics-zone-in-saudi\/\" target=\"_blank\">\n                    Open in new tab                    <!-- 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<div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1627.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78688\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/sar-3-bn-to-be-invested-in-citics-industrial-city-logistics-zone-in-saudi\/1627-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1627.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1627.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1627.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1627.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78687\" class=\"content-area-description single-story post-78687 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-investment-watch tag-logistics-zone tag-saudi-arabia 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\/5\/.f01d5433-a92b-47b6-8333-2907dcc0d672.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More details about Chinese Citic\u2019s industrial project in Saudi:<\/strong> Over SAR 3 bn in initial investments will be poured to build an upcoming industrial city and logistics zone for building materials under a partnership agreement between the National Housing Company (NHC) and Chinese state-owned conglomerate Citic, NHC CEO Mohammad Albuty told Al Arabiya (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=-01Pjp7wV-A\" style=\"\" rel=\"noopener\">watch, runtime: 10:10<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will be home to 12 Chinese factories and a number of local factories.<\/strong> \u201cThis will help localize the [building materials] industry and supply for [ongoing] projects by the NHC,\u201d Albaty said. The Housing Ministry\u2019s real estate investment arm NHC plans to \u201cexpand further in the field\u201d to ensure a fast delivery of projects, Albaty said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Think <\/strong><strong>localization of the whole construction supply chain: <\/strong>Albaty said the NHC is seeking the localization of the construction supply chain at its planned ambitious project with Citic. \u201cIt will cover all of the construction supply chain starting with precast concrete plants to the production of different materials that are used in building residential units. All of these factories will be localized in Saudi\u2026with partnerships planned with local factories to boost their production and customize production lines solely for NHC projects and its developer partners,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The NHC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b76dcb4e-15ea-4639-8e18-e2c22e6080e2\" style=\"\" rel=\"noopener\">signed recently<\/a> a cooperation agreement with China\u2019s Citic to establish an industrial city and logistics zones for building materials. The move comes under a localization drive for the local building materials sector by helping local firms expand and directly supply real estate projects, according to officials. It will also help raise the quality of offered finished units in projects.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics-zone\/\">logistics zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"78689\" 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=\"78689\">\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\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/almarai-receives-regulatory-greenlight-for-etmam-logistics-acquisition\/\">\r\n                            Almarai receives regulatory greenlight for Etmam Logistics acquisition                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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data-image-title=\"378.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/378.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/378.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78689\" class=\"content-area-description single-story post-78689 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-ma-watch tag-saudi-arabia tag-supply-chains 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\/5\/.26d65ccf-cd65-40e3-b724-65746e75a08e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Almarai has secured<\/strong><strong> all the regulatory approvals required to close its SAR 182 mn <\/strong><strong>acquisition of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/etmam\/\" style=\"\" rel=\"noopener\">Etmam Logistics<\/a><\/strong><strong>,<\/strong> it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZJbU-owFIV_y3ngUbKb2KSct4jQVmhLLyrkxWk1VOa0KVOKHfz1hsscLwiat0zWt7L2BQk0RUKlL4s8bRaVSgt9nwn6YHIK2LEgACfpA4XYpreJZVy7BN3vBL4z7jtg4VEwMDnwKxJ6A8YMGGEk9LM7sS8NVz_bxtAA7pMRZlYC4AG6QwKJVXPw-f-R5dkUQp-HAWYm2Hew8_kxx7sgnpgQDiceGUMENtDf8XDi8F_8Lz6XGvQiqktNvOuEGgY49CA416qd4FyGLymOizwbEx8JAt5j2uHmynbHnFiUfRUcz2GmG8U-TDSK9USHg8uJAyEGzFC89eBKVWv1KEupGn9dZrJGM0bMHv2BH8Ge92W7cp80YxLzgJyqKqR75LEql6naxJsyqwo0w9gCdINEXlTZfpGfm2b5twMdaNKntF0XHd3QVKl-2qCpcVqgY0wZw5hsJVxlxMqRqOVc1rLurmttveVWO7Bt225eVXkhuzqO5r9Bniu97tPPShRLhZblrdosFhf_okHkvCbzsnzw_QuRbUjxMp7zP2-BJqpE\/dz\/d5\/L0lJS2FZQSEhL3dMTUFBc1FCWWpNQy80TmxHb3hBIS9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy84MDE5OA!!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The definitive acquisition agreement was originally signed <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZJbU-owFIV_y3ngUbKb2KSct4jQVmhLLyrkxUm1VOa0KVOKHfz1hsscLwiat0zWt7L2BQk0RULJl0Uum0WlZKHvM0EfTE4BOxYE4CR9oBDb9DaxjGuXoPudwHfGfQcsPAoGJgd-RUJvwJgBI4yEfnYn9qXh6mfbGBrAfTLCzEoAPEB3SCCxag4-_z-yPJtC6PMwwMwE-w52Pj_meBfEExPC4cQjY4jABvo7Hk4c_ov_xedSg15EdamJd51QwwCHHgTnWrUTnMvwJcVxkWdj4iNBwHtMO9xc2e6YE4uyr4LjOcx0o9iHiUaxnuhwcDlxIMSAGYq3Hlypaq0eszJTjb8u06xGM0bMHv2BH8Ge97N25T5pxiTmATlVVUj3yGNVLqXaxJsyrQo0w9gCdINEXlTpfpGfm2b5twMdaOSTbNdFRzdUKtWXDZoapwU6xpQxjMlWwlVKrByJOptndVZ317W23nKrHdi2bTevqrzIujqO5r9Bniu97tPPShTLGi3LW7VZLC7-RYPIeU3mZfng-xci3ZDiZTznf94AqafshA!!\/dz\/d5\/L0lHSkovd0RNQUhrQUVnQSEhLzROVkUvZW4!\/\" style=\"\" rel=\"noopener\">in December 2023<\/a>. The diary giant financed the transaction with its own resources. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is this important?&nbsp;<\/strong>The dairy giant recently made an entry into the frozen bakery market last year with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2570a112-980a-4574-998c-6dc612c8955e\/%253cmark%253ealmarai%253c%2Fmark%253e-acquires-etmam-logistics-for-sar-182-mn\" style=\"\" rel=\"noopener\">SAR 405 mn<\/a> investment over two years to expand fresh bakery capacity, it said in October. The recent acquisition of Etmam will boost Almarai\u2019s abilities to supply customers across the Kingdom with a larger range of frozen products, the disclosure also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does Etmam do? <\/strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/etmam\/about\/\" style=\"\" rel=\"noopener\">Etmam<\/a> is the logistics arm of Saudi food distributor <a target=\"_blank\" href=\"https:\/\/shahini.com\/\" style=\"\" rel=\"noopener\">Shahini<\/a>, and operates a fleet of over 220 vehicles. The outfit was founded in 2016 and specializes in warehousing, transportation, logistics, supply chain, distribution, third party logistics (3PL), and cold chain logistics services for food products.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chains\/\">supply chains<\/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=\"78691 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=\"78691\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/78691\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78691\" class=\"content-area-description single-story post-78691 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\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=\"78692\" 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=\"78692\">\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\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/\">\r\n                            Qatar + South Korea ink trade agreements and Iran boosts trade links with Russia\u2019s Tatarstan                        <\/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\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/\" 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\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/')\">\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\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/\">\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=Qatar + South Korea ink trade agreements and Iran boosts trade links with Russia\u2019s Tatarstan&url=https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/\">\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\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/&title=Qatar + South Korea ink trade agreements and Iran boosts trade links with Russia\u2019s Tatarstan\">\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=Qatar+%2B+South+Korea+ink+trade+agreements+and+Iran+boosts+trade+links+with+Russia%E2%80%99s+Tatarstan+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F05%2F21%2Fqatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan%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\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1562.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78693\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/qatar-south-korea-ink-trade-agreements-and-iran-boosts-trade-links-with-russias-tatarstan\/1562-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1562.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1562.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1562.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1562.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78692\" class=\"content-area-description single-story post-78692 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-iran tag-jordan tag-qatar 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\/5\/.c87ae214-9062-4d93-b59a-5cdd84596db5.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar Development Bank + Tasdeer wrap up trade talks:<\/strong> Qatar\u2019s Export Development Finance and Promotion Agency (Tasdeer) has finalized trade activities in South Korea with the aim of improving Qatari producers' access to new markets, <a target=\"_blank\" href=\"https:\/\/www.qna.org.qa\/en\/News-Area\/News\/2024-05\/19\/0042-qatar-development-bank-wraps-up-trade-activities-in-south-korea\" style=\"\" rel=\"noopener\">QNA<\/a> reports. Qatari Ambassador Khalid bin Ibrahim Al Hamar and Korean officials, along with 21 Qatari companies, took part in over 120 meetings with 150 Korean entities, securing agreements worth more than QAR 165 mn (USD 45.3 mn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran and Russia expand trade links<\/strong><strong>:<\/strong> Iran has inked an MoU with Russia\u2019s Tatarstan province to boost trade, exchange information, and facilitate visits by delegations, <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85481400\/Tehran-Tatarstan-chambers-of-commerce-ink-cooperation-MoU\" style=\"\" rel=\"noopener\">IRNA<\/a> reports. Tehran Chamber of Commerce VP Mehdi Sadeghi Niaraki signed the agreement with Tatarstan\u2019s Chamber of Commerce and Industry President Shamil Ageev to enhance economic cooperation. Niaraki said that Iran is looking to expand trade with Tatarstan\u2019s industry and heavy vehicle sector in particular.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/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=\"78694\" 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=\"78694\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/\">\r\n                            DP expands Australian rail operations + Adnoc snaps up stakes in US LNG                        <\/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\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/\" 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\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/')\">\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\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/\">\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=DP expands Australian rail operations + Adnoc snaps up stakes in US LNG&url=https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/\">\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\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/&title=DP expands Australian rail operations + Adnoc snaps up stakes in US LNG\">\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=DP+expands+Australian+rail+operations+%2B+Adnoc+snaps+up+stakes+in+US+LNG+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F05%2F21%2Fdp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng%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\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1559.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78695\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/dp-expands-australian-rail-operations-adnoc-snaps-up-stakes-in-us-lng\/1559-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1559.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1559.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1559.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1559.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78694\" class=\"content-area-description single-story post-78694 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-dp-world tag-rail 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\/5\/.1ffcccf8-e63b-4d7c-a17e-577049674a1a.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">RAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World has expanded its Australian operations with the launch of its new rail <\/strong><strong>service at Stocklands Yennora Intermodal Terminal<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/australia\/news\/releases\/dp-world-expands-operations-and-launches-new-rail-service-at-stocklands-yennora-intermodal-terminal\/?utm_medium=gl-linkedin&amp;utm_source=organic&amp;utm_campaign=Yennora-Intermodal-Terminal\" style=\"\" rel=\"noopener\">press release<\/a>. The terminal will offer two direct daily rail services to and from Botany on the company\u2019s own operated line. The port-rail service is expected to have a rail capacity of 160k 20 TEU per year and save some 160 truck trips per day, according to the release. \u201cAt DP World, we are establishing our own assets and building infrastructure where it's needed to create seamless connections and provide increased control and flexibility,\u201d DP World Oceania Vice President Nicolaj Noes said in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the terminal:<\/strong> The terminal, situated 30 km from Sydney\u2019s central business district, offers direct connection to ports, roads, and rails and also provides the logistics that businesses need for their customers, according to the release. The terminal, one of the largest distribution centers in Oceania, spans over 40 hectares with 300k sqm of warehouse space. DP World has also been operating 125k sqm of warehousing space in Yennora since 2023.<\/p>\n<p class=\"tag-border-left\">M&amp;A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc acquires stake in US LNG export facility<\/strong><strong>:<\/strong> The UAE\u2019s Abu Dhabi National Oil Company (Adnoc) has obtained an 11.7% stake in a Texas LNG export facility owned by natural gas company NextDecade and has signed a supply agreement, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/adnoc-buys-stake-nextdecades-rio-grande-lng-inks-supply-deal-2024-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The move marks the UAE-based energy firm\u2019s largest investment in the US. Andoc has acquired a stake in phase 1 of the project, which includes the first three liquefaction trains. Andoc has also inked a 20-year supply agreement for a fourth train, subject to a final investment decision (FID), with construction expected for the second half of this year. The Rio Grande LNG export plant\u2019s phase 1 is forecasted to be completed by early 2029 at a cost of USD 18 bn. <\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco is <\/strong><strong>impos<\/strong><strong>ing a 62% anti-dumping duty on electric ovens imported from <\/strong><strong>Turkey&nbsp;<\/strong><strong>to protect its local market<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/north-africa\/morocco-to-impose-anti-dumping-duty-on-turkish-electric-ovens-kdht4t0h\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a Trade Ministry source. The Turkish brand ITIMAT \u2014 which specializes in bath and kitchen mixers \u2014 will be subjected to a 34% import duty, the source said. The company\u2019s dumping margin is 34% compared to the 71.4% of other Turkish oven makers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt extends customs for key goods: <\/strong>The Egyptian government has extended customs breaks for twelve key goods for a further three months as part of its ongoing battle to lower the price of goods and reel in inflation, according to a decision published Egypt\u2019s Official Gazette. The goods \u2014 including certain types of poultry, offal, dairy, butter, cheese, tea, cooking fats and oils, sugar, pasta, ingredients for animal feed, and meds \u2014 were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d240d47-331c-491e-8011-e5092d22dfdb\" style=\"\" rel=\"noopener\">first given<\/a> a sixth-month exemption in October.<\/p>\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA\u2019s logistics startup MDD has closed a Series A round at an undisclosed <\/strong><strong>amount<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/05\/mdd-raises-series-round-5-stake\" style=\"\" rel=\"noopener\">Wamda<\/a> reports. The company announced that an individual investor purchased 5% of its shares at a valuation of over USD 100 mn. MDD, founded in 2019, offers solutions for challenges in the supply chain and procurement market. <\/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>Emirates boosts Vietnam presence:<\/strong> UAE carrier <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/eg\/english\/book\/?gad_source=1&amp;gclid=Cj0KCQjw6auyBhDzARIsALIo6v8fONFXQ_fBqm_vsZG6vMn-MOY3y9XFiixDUh9NmvUD7l88NSLNGOYaAp2sEALw_wcB&amp;gclsrc=aw.ds\" style=\"\" rel=\"noopener\">Emirates<\/a> is introducing a second daily flight between Dubai and Vietnam\u2019s Ho Chi Minh City starting 15 January 2025. (<a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-adds-second-daily-flight-to-ho-chi-minh-city\/\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Swissport adds Gulf Air to its customer list, renews contr<\/strong><strong>acts with others: <\/strong>Swissport Geneva and Bahrain\u2019s Gulf Air have signed an agreement for the latter to manage ground handling and cargo operations for Bahrain-bound flights at Geneva-Cointrin airport. Swissport Geneva has also renewed ground handling contracts with Saudia for three years, and EgyptAir and Kuwait Airways for two years. (<a target=\"_blank\" href=\"https:\/\/www.swissport.com\/en\/news\/current-news\/2024\/swissport-wins-gulf-air-and-renews-major-contracts-in-geneva\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/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\/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=\"78696\" 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=\"78696\">\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\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/21\/shipping-giant-cma-cgm-bottomline-dips-in-1q-2024-china-fuel-imports-ramp-up-in-april\/\">\r\n                            Shipping giant CMA CGM bottomline dips in 1Q 2024 + China fuel imports ramp up in April                        <\/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\/05\/21\/shipping-giant-cma-cgm-bottomline-dips-in-1q-2024-china-fuel-imports-ramp-up-in-april\/\" 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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The firm\u2019s revenues also decreased 7% y-o-y to USD 11.8 bn. Despite poor market conditions in 4Q 2023 amid disruptions to Red Sea shipping, CMA CGM saw a rebound in spot freight rates in 1Q 2024, according to the release. Longer journey times around the Cape of Good Hope weighed down available shipping capacity amid the rebound in demand. The macro-economic and geopolitical environment could potentially continue to cause fluctuations in the transport and logistics market and impact its fluidity and seasonality, the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>C<\/strong><strong>hina hits back at US trade tariffs<\/strong><strong>:<\/strong> China\u2019s Commerce Ministry has moved to restrict US-based General Atomic Aeronautical Systems and General Dynamic Land Systems from import, export, and investment activities in China, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/china-commerce-ministry-bans-some-us-firms-import-export-activities-2024-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a ministry statement. General Atomic Aeronautical Systems was also added to China\u2019s list of unreliable entities, due to it selling arms to Taiwan, the ministry also said. Boeing\u2019s defense contracting-arm Boeing Defense, Space and Security was also added to the same list, state media said. Work permits, as well as visitor and residential status for all senior executives from the three companies will be revoked, prohibiting their entry into China. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The move comes as the latest escalation in a US-China trade war, with the White House announcing last week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3c733e42-4816-4cad-8977-bb5749848f62\/today:-dp-world-electrifies-jebel-ali-freight-%2B-rsa-breaks-ground-on-jafza-cold-storage-facility\" style=\"\" rel=\"noopener\">a raft of tariff increases<\/a> on USD 18 bn worth of Chinese imports that will each begin taking effect between 2024 and 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER NEWS FROM CHINA- The country\u2019s<\/strong><strong> fuel imports increased 10% y-o-y in April to 2.93 mn tons<\/strong>, the highest level since 2020, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/chinas-fuel-oil-imports-soar-highest-since-least-2020-2024-05-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing data from the General Administration of Customs. The imports in April amounted to 620k barrels per day, a 48% increase from the previous month, as traders brought shipments from Venezuela and Iran. \u201cHigher supplies from Venezuela due to the relaxation of sanctions contributed to the higher volumes. Refiners' margins processing the heavier materials were also supportive,\u201d a Chinese trading executive noted. Fuel exports were also on the rise in April, recording a 10% y-o-y increase to 1.64 mn tons. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Workers in Baltimore are preparing to clear crashed cargo vessel Dali that <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ddf16267-4d61-4596-8947-960045d0d02c\/today:-more-americas-expansion-for-dp-world-%2B-baltimore-bridge-collapses\" style=\"\" rel=\"noopener\">downed<\/a><\/strong><strong> the Francis Scott Key bridge in March,&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/baltimore-workers-move-crashed-cargo-ship-that-downed-bridge-2024-05-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Sunday. The vessel \u2014 which is about as long as the Eiffel Tower \u2014 continues to block entry and exit along the port\u2019s main channel, the newswire says. Salvage operations are on track to clear the channel and restore full access to the port this month, Maryland Governor Wes Moore told NBC's Meet the Press. Baltimore Port stands as the US\u2019 busiest port for car shipments, Reuters added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/cma-cgm\/\">CMA CGM<\/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=\"78698\" 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\/05\/21\/78698\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78698\" class=\"content-area-description single-story post-78698 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\">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>18-21 May (Saturday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.mehrnews.com\/news\/214594\/Tehran-hosts-meeting-of-ECO-heads-of-railway-authorities\" style=\"\">Exhibition of Rail Transportation and Related Industries<\/a><\/span><span style=\"font-weight:400;\">, 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>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/futureaviationforum.com\/en\" style=\"\">Future Aviation 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>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;\">, 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:\/\/aci.aero\/events\/aci-asia-pacific-aci-world-annual-general-assembly-conference-and-exhibition-waga\/\" 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>21-24 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unctad.org\/conference\/global-supply-chain-forum-2024\" style=\"\">Global Supply Chain Forum<\/a><\/span><span style=\"font-weight:400;\">, Bridgetown, Barbados.<\/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>26-28 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.propakmena.com\/en\/home.html\" style=\"\">ProPak Mena 2024<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt. <\/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>27-30 May (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/comex.om\/2022\/\" style=\"\">Comex Technology Show<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman.<\/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>2-3 June (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/osvconference.com\/\" style=\"\">Offshore Support Vessels Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">5 June (Wednesday): Digital Transformation Summit, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/key-notion.com\/sustainability-world-summit-frankfurt-2024\/\" style=\"\">Sustainability World Summit<\/a><\/span><span style=\"font-weight:400;\">, Frankfurt, Germany.<\/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>6-7 June (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.neventum.com\/tradeshows\/supply-chain-innovation-summit\" style=\"\">Supply Chain Innovation Summit<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, Netherlands.<\/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>6-7 June (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.sustain-lgsts.com\/\" style=\"\">International Symposium on Sustainable Logistics<\/a><\/span><span style=\"font-weight:400;\">, Mersin, Turkey.<\/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>11-13 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tocevents-europe.com\/en\/home.html\" style=\"\">Terminal Operations Conference & Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/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>26-27 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/decarbonizingforum.com\/\" style=\"\">Decarbonizing Shipping Forum<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/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 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emmc.me\/overview\/\" style=\"\">East Med Maritime Conference<\/a><\/span><span style=\"font-weight:400;\">, Beirut, Lebanon.<\/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 June (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/GAFIEG\/posts\/pfbid0z8DptHmmjFty9qi3uNQxWFdoS5TVBQJPD2HPdnpCk2CxuGy2svK8zMXzK8QpnQsvl\" style=\"\">The Investment Conference<\/a><\/span><span style=\"font-weight:400;\"> in cooperation with the European Union, Brussels. <\/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;\">JULY<\/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 July (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aci-europe-events.org\/\" style=\"\">ACI Europe Annual Congress<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/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;\">14 July (Friday): AI Integration and Autonomous Mobility, Berlin, Germany.<\/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;\">SEPTEMBER<\/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>18-19 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\">Saudi Maritime & Logistics Congress<\/a><\/span><span style=\"font-weight:400;\">, Dammam, KSA. <\/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>23-25 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">World<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">Freezones<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">Organization\u2019s Annual International Conference and Exhibition (AICE)<\/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 style=\"font-weight:400;\">   <\/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>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b25n998-under-patronage-mansour-bin-zayed-inaugural-global\" style=\"\">The Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">(Global Rail), 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>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>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.antwerpxl.com\" style=\"\">AntwerpXL Expo<\/a><\/span><span style=\"font-weight:400;\">, Antwerp, Belgium.<\/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>21-22 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartportstransformation.com\/\" style=\"\">Smart Ports & Logistics Transformation Summit<\/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>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<\/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>22-24 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/singapore-to-host-gpf\/\" style=\"\">Global Ports Forum<\/a><\/span><span style=\"font-weight:400;\">, Singapore.<\/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, 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>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>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theheatshow.com\/beta\/\" style=\"\">The Heavy Equipment and Truck Show<\/a><\/span><span style=\"font-weight:400;\">, Damman, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/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>10-12 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mebaa.aero\/\" style=\"\">Middle East Business Aviation<\/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 style=\"font-weight:400;\">20 December (Wednesday): The 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 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>16-17 April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/dubai-to-host-gpf\/\" style=\"\">Global Ports Forum<\/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>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\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>Saudia makes historic aircraft order from Airbus | Egypt\u2019s Wepco kicks off oil storage project in Western Desert | Almarai snaps up Etmam Logistics<\/p>\n","protected":false},"featured_media":78678,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78677","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"49466385-82fe-46f0-b89a-74d2181031bd","teaser":"Saudia makes historic aircraft order from Airbus | Egypt\u2019s Wepco kicks off oil storage project in Western Desert | Almarai snaps up Etmam Logistics","photo_url":"https:\/\/ent.news\/2024\/2\/1119.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>Airbus lands Saudia\u2019s largest 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