{"id":78867,"date":"2024-05-29T00:00:00","date_gmt":"2024-05-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=78867"},"modified":"2025-12-15T14:43:27","modified_gmt":"2025-12-15T14:43:27","slug":"saudis-logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/saudis-logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv\/","title":{"rendered":"Saudi\u2019s Logipoint + Gulf Islamic Investments establish a SAR 1 bn logistics JV"},"content":{"rendered":"<section id=\"78869\" 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=\"78869\">\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\/29\/today-saudis-logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv\/\">\r\n                            TODAY: Saudi\u2019s Logipoint + Gulf Islamic Investments establish a SAR 1 bn logistics JV                        <\/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\/29\/today-saudis-logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv\/\" 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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Let\u2019s dive right in.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- The Abu Dhabi Exports Office (Adex) \u2014 the export arm of Abu Dhabi Fund for <\/strong><strong>Development \u2014 has allocated AED 3.5 bn in funding<\/strong> to boost local companies\u2019 exports, Deputy Director General of ADFD Khalifa Al Qubaisi told <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b3d3pdl-%D9%85%D9%83%D8%AA%D8%A8-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D9%84%D9%84%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D9%8A%D8%AE%D8%B5%D8%B5-%D8%AA%D9%85%D9%88%D9%8A%D9%84%D8%A7%D8%AA-35-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D8%B1%D9%87%D9%85\" style=\"\" rel=\"noopener\">Wam<\/a> on the sidelines of Make it in the Emirates, without clarifying the timeline of the disbursement or specific sectors it plans to target. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How does Adex help?<\/strong> The export office usually provides credit facilities to exporters, as well as financing and guarantees for foreign importers to support their imports from the UAE.<\/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- Could Egypt become an export hub for palm oil?<\/strong> Malaysia intends to set up a logistics and marketing center for palm oil in the Suez Canal Economic Zone to enhance the country\u2019s exports to Africa, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/05\/28\/1796324\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing comments by Malaysian Plantation and Commodities Minister Johari Abdul Ghani said on the sidelines of the <a target=\"_blank\" href=\"https:\/\/www.mpoc.org.my\/event\/malaysian-palm-oil-forum-egypt\/\" style=\"\" rel=\"noopener\">Malaysian Palm Oil Forum<\/a>. Malaysia currently exports 2.5 mn tons of palm oil to African countries every year, Abdul Ghani added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Abdul Ghani will be paying a visit to the SCZone today to learn about incentives on offer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>A pipeline connecting Morocco with gas fields in Mauritania and Senegal will <\/strong><strong>represent the first phase of a larger Morocco-Nigeria gas pipeline project, <\/strong><a target=\"_blank\" href=\"https:\/\/www.xm.com\/ar\/research\/markets\/allNews\/reuters\/morocconigeria-gas-pipeline-to-begin-with-mauritania-senegal-minister-53847490#:~:text=RABAT%2C%20May%2027%20(Reuters),Leila%20Benali%20said%20on%20Monday.\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing statements by Moroccan Energy Minister Leila Benali. The USD 25 bn Economic Community of West African States (ECOWAS) backed project will be implemented in three phases and is slated to have a 30 bn cubic meters yearly capacity, the newswire said. A final investment decision pipeline is expected in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER: <\/strong>Nigeria is looking to construct a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/223e1268-c930-4aff-a1be-4581594bb857\/morocco-eyes-lng-terminal-and-other-lng-trade-infrastructure\" style=\"\" rel=\"noopener\">5.6km LNG pipeline<\/a> connecting to markets in Europe via Morocco. The move came after Nigerian Gas Minister Ekperikpe Ekpo met with Benali in <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MTEDDMA\/posts\/pfbid0CuKW2AprCZZmeWPswhpRoxa1QgtuF3sVjFjSCF1ptKZcgXyHdAuy2Pg2MzveKLEfl\" style=\"\" rel=\"noopener\">January<\/a> to fast-track an investment decision on the potential pipeline. Morocco and the UAE also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6466359d-cb28-4c76-9371-feeeda9783e8\/uae-inks-12-mous-with%253cmark%253e-morocco%253c%2Fmark%253e-to-boost-trade,-and-signs-air-transport-agreement-with-japan\" style=\"\" rel=\"noopener\">inked an MoU<\/a> in December that covered the establishment of an investment partnership on the Morocco-Nigeria gas pipeline and other projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- The EU has approved a law that would set methane emissions limits on all of Europe\u2019s oil <\/strong><strong>and gas imports starting in 2030<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/eu-approves-law-hit-gas-imports-with-methane-emissions-limit-2024-05-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. Importers that exceed the limit will receive financial penalties, with the US, Algeria, and Russia predicted to be the most affected by the new regulation. The final approval \u2014 which was unanimous with the exception of Hungary \u2014 was reached during a meeting in Brussels between the EU\u2019s agricultural ministers. The exact limits will be determined by the European Commission by the end of the decade, when the law comes into effect. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New fossil fuel import and production contracts won\u2019t be spared:<\/strong> The EU also approved a rule that requires new fossil fuel import contracts signed with foreign producers to follow the bloc\u2019s methane emissions reporting rules starting in 2027, including regular monitoring of leaks. \u201cThe EU will also require European producers to regularly check their operations for leaks of methane and bans most cases of <a target=\"_blank\" href=\"https:\/\/earthworks.org\/issues\/flaring_and_venting\/\" style=\"\" rel=\"noopener\">flaring and venting<\/a>,\u201d the newswire added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DISRUPTION WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Greek-owned bulk carrier Laax was attacked while transiting the Red Sea yesterday,<\/strong> causing the vessel to take on water, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-28\/greek-owned-ship-takes-on-water-after-being-struck-in-red-sea\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing maritime security firm Ambery. Three missiles targeted the vessel near Yemen\u2019s Hodeidah port, Ambrey said, adding that the Laax issued a distress call stating that its cargo hold had been damaged and that flooding was causing the vessel to list. The Laax continued on its journey following the incident, Athens News Agency said. Yemen\u2019s Iranian-backed Houthis have yet to be positively identified as the perpetrators of the attack, Bloomberg also said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WORTH READING THIS MORNING-<\/strong> <strong>There are no signs that traffic will soon return to the <\/strong><strong>Suez Canal <\/strong>as Dubai and Jeddah open new routes to Saudi Arabia and major players continue to steam around the Horn of Africa rather than transit through Egypt. The FT goes deep into <strong>how<\/strong> <strong>pirate attacks, instability in the Middle East, and climate change are putting <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a03da8f6-b468-4a86-8db5-83838f7d6409\" style=\"\" rel=\"noopener\">mounting strains on global shipping<\/a><\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sudan\u2019s Petrodar oil pipeline could resume operations within the next two weeks after <\/strong><strong>rupturing amid fighting in February<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/sudan-oil-pipeline-resumption-imminent-says-south-sudan-official-2024-05-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a South Sudan Oil Ministry official. Run by a consortium of China\u2019s <a target=\"_blank\" href=\"http:\/\/www.cnpc.com.cn\/en\/aboutcnpc\/aboutcnpc_index.shtml\" style=\"\" rel=\"noopener\">CNPC<\/a>, <a target=\"_blank\" href=\"http:\/\/www.sinopecgroup.com\/group\/en\/\" style=\"\" rel=\"noopener\">Sinopec<\/a>, and Malaysia\u2019s <a target=\"_blank\" href=\"https:\/\/www.petronas.com\/\" style=\"\" rel=\"noopener\">Petronas<\/a>, the pipeline pumps some 100k barrels per day (bpd) of crude from South Sudan to a terminal on Sudan\u2019s Red Sea coast. Oil accounts for 90% of the country\u2019s FX income, with Sudan also taking a portion of the returns in terms of transit fees. South Sudan is liable to economic collapse unless flows across the pipeline are restored, observers said. <\/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>#1- <\/strong><strong>Oil prices rallied <\/strong><strong>this morning as traders expect OPEC+ to maintain cuts and fuel <\/strong><strong>consumption to rise as summer heats up,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-rises-major-producers-expected-keep-output-cuts-place-2024-05-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures for July gained 0.2% hitting USD 83.37 a barrel by 03.04 GMT, while US West Texas Intermediate (WTI) futures for July bumped up 0.3% to USD 80.08 a barrel. The anticipation of Opec+ to extend output cuts and make an effort to stabilize prices has fueled optimism in the markets, <a target=\"_blank\" href=\"https:\/\/www.wealthstreet.in\/\" style=\"\" rel=\"noopener\">SS WealthStreet<\/a> founder Sugandha Sachdeva told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A price cut for crude oil to Asia is in the cards: <\/strong>Aramco may slash prices for most crude grade sales to Asian customers in July for the first time in five months, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-may-cut-july-oil-prices-asia-first-time-5-months-2024-05-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing unnamed sources in refining. The sources expect Aramco to cut the official selling price (OSP) for flagship Arab Light Crude by USD 0.30-0.50 a barrel on the back of weakened margins and benchmarks for Asian refiners. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Thailand slashed <\/strong><strong>crude imports from Saudi Arabia<\/strong><strong> in April <\/strong>opting for low sulfur crudes from the US and Southeast Asia instead, refinery and industry sources told <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/oil\/052724-thai-refiners-slash-saudi-oil-imports-in-april-but-extend-us-crude-buying-spree#:~:text=Thailand%20sharply%20reduced%20crude%20imports,said%20over%20May%2024%2D27.\" style=\"\" rel=\"noopener\">S&P Global<\/a>. The move reportedly comes in a bid to save on refinery and logistics costs and costly Persian Gulf-East Asia tanker ins. fees. Thailand snapped up some 57.2k barrels per day (bpd) from the kingdom in April, down 66.1% y-o-y, while importing 148.6k bpd from the US, up 33.6%, customs data showed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Curbing costs:<\/strong> \u201cGeneral freight rates have not exactly gone up a lot but it's the expensive ins. fees amid prolonged geopolitical tensions in the Middle East that could negatively impact overall refining margins,\u201d a Thai refiner said. Thai refiners are turning to Southeast Asian suppliers in an effort to curb logistics costs by doubling down on short haul routes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE DEMAND SIDE- The demand for o<\/strong><strong>il will continue rising until 2034<\/strong><strong> as the <\/strong><strong>adoption of electric vehicles is forecasted to slow down<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/goldman-sachs-expects-oil-demand-to-keep-growing-until-2034\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing data from Goldman Sachs. Demand is expected to peak at 110 mn bpd in 2034, followed by leveled demand until 2040, the newswire said. China, India, and other emerging economies are expected to drive the growth in demand for oil. A longer period of growing demand for oil will benefit Opec+ producers, but will also increase GHG emissions, the newswire 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>The <\/strong><strong>Drewry Dry Bulk Equity Index gained 25.2% between 1 January and 23 May, <\/strong><strong>outperforming the S&P 500\u2019s 10.4% gain over the same period<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/drewry-dry-bulk-equity-index-up-25-2-year-to-date-eclipsing-the-sp-500\/\" style=\"\" rel=\"noopener\">Drewry<\/a> reports. All stock prices factored in the index saw gains in May. Earnings for dry bulk carriers were a mixed bag in 1Q 2024, with Star Bulk and Golden Ocean noting growth in toplines and bottomlines due to high spot rates, while DS Norden saw its topline shed 8.5% y-o-y, Drewry said. <\/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>Iran\u2019s trade with the EU surged 8% y-o-y to EUR 1.28 bn in 1Q 2024,<\/strong> <a target=\"_blank\" href=\"https:\/\/en.mehrnews.com\/news\/215800\/Iran-EU-trade-rises-8-in-Q1-2024-Eurostat\" style=\"\" rel=\"noopener\">Mehr<\/a> reports citing the EU\u2019s statistics office Eurostat. Exports to Iran from the bloc bumped up 10% y-o-y during the period to EUR 1.06 bn, while the EU\u2019s imports from Iran fell 3% to EUR 216 mn. Iran\u2019s trade with the EU for the full year of 2023 stood at EUR 4.73 bn, Eurostat also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman\u2019s e-commerce market was valued at USD 2.2 bn in 2023,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2024\/05\/27\/omans-e-commerce-market-value-hits-2-2bn\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a> reports, citing an announcement at an <a target=\"_blank\" href=\"https:\/\/oecfuture.com\/\" style=\"\" rel=\"noopener\">e<\/a><a target=\"_blank\" href=\"https:\/\/oecfuture.com\/\" style=\"\" rel=\"noopener\">-commerce forum<\/a>. Market volume is split between five main categories, with electronics and media accounting for 32.9% of volumes, food and personal care at 25%, fashion at 22%, furniture and home goods at 13.3%, and recreational games at 6.6%, the outlet said. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;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\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\/houthi\/\">Houthi<\/a>\n                <!-- <span 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class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv\/\">\r\n                            Logipoint + Gulf Islamic Investments establish a SAR 1 bn logistics JV                        <\/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\/29\/logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv\/\" target=\"_blank\">\n                    Open 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            <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Logipoint+%2B+Gulf+Islamic+Investments+establish+a+SAR+1+bn+logistics+JV+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F05%2F29%2Flogipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv%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\/29\/logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2402.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78873\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/logipoint-gulf-islamic-investments-establish-a-sar-1-bn-logistics-jv\/2402-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2402.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2402.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2402.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2402.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78872\" class=\"content-area-description single-story post-78872 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-investment-watch tag-logistics-handling tag-saudi-arabia tag-storage-warehouses tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.b335f316-0a62-4637-a16b-88dcb1c7ffa7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Logipoint + GII launch a SAR 1 bn logistics JV:<\/strong> Saudi Industrial Services Company subsidiary <a target=\"_blank\" href=\"https:\/\/logipoint.sa\/about-us.aspx\" style=\"\" rel=\"noopener\">Logipoint<\/a> and Dubai-based private equity firm Gulf Islamic Investments (<a target=\"_blank\" href=\"https:\/\/gii.ae\/our-story\/\" style=\"\" rel=\"noopener\">GII<\/a>) inked a SAR 1 bn (USD 300 mn) agreement to establish a joint venture logistics company to provide \u201cgrade A warehousing solutions\u201d in the Kingdom, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gulf-islamic-investments-and-logipoint-create-powerful-new-logistics-platform-in-the-kingdom-of-saudi-arabia-baio5vhi\" style=\"\" rel=\"noopener\">a joint press release<\/a>. No information was provided about the ownership structure of the potential JV.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch:<\/strong> The JV aims to provide \u201cwarehousing and handling facilities as the backbone of a multi-asset logistical network serving companies across the Kingdom.\u201d The new platform will start by serving Riyadh, and Jeddah before expanding to other cities, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cOur logistics joint-venture with Logipoint is the latest element of GII\u2019s growth strategy within the Kingdom, which already includes a CMA banking license for GII Saudi Arabia and the acquisition of <a target=\"_blank\" href=\"https:\/\/www.emadbakeries.com\/\" style=\"\" rel=\"noopener\">Emad Bakeries<\/a> in Jeddah within the last two months,\u201d said GII co-CEO Pankaj Gupta. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>NYSE-listed Brookfield Asset Management snapped up a majority stake in GII\u2019s logistics business <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/74823d91-7869-4af0-aa96-21f45eef7d27\" style=\"\" rel=\"noopener\">last month<\/a> gaining access to GII\u2019s 1.5 mn sqft of premium warehousing space in the UAE. The acquisition comes as Brookfield looks to invest in and scale the platform through developing its portfolio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the companies:<\/strong> Jeddah-based industrial and logistics real estate developer Logipoint is in the business of investing, managing, and operating bonded and non-bonded logistics parks and zones. Meanwhile, Dubai-based GII is a shariah-compliant private equity firm that specializes in real estate, private equity, and venture capital, with over USD 4.5 bn in assets under management.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics-handling\/\">LOGISTICS HANDLING<\/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\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78874 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=\"78874\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/78874\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78874\" class=\"content-area-description single-story post-78874 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78875\" 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=\"78875\">\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\">Shipping + Maritime<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/\">\r\n                            Transmar, AD Ports and Orascom will build a green methanol plant in Egypt                        <\/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\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/\" 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\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/')\">\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\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/\">\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=Transmar, AD Ports and Orascom will build a green methanol plant in Egypt&url=https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/\">\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\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/&title=Transmar, AD Ports and Orascom will build a green methanol plant in Egypt\">\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=Transmar%2C+AD+Ports+and+Orascom+will+build+a+green+methanol+plant+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F05%2F29%2Ftransmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt%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\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2295.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78876\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/transmar-ad-ports-and-orascom-will-build-a-green-methanol-plant-in-egypt\/2295-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2295.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2295.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2295.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2295.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78875\" class=\"content-area-description single-story post-78875 post type-post status-publish format-standard has-post-thumbnail hentry category-shipping-maritime tag-ad-ports tag-egypt tag-green-methanol tag-shipping-maritime tag-supply-chains tag-transmar tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.a7c92582-ca69-4897-825e-2230ed4ab1b7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transmar, Orascom + AD Ports link up on green methanol export facility: <\/strong>Egypt\u2019s Transmar and Orascom Construction inked an agreement with AD Ports Group to develop a green methanol storage and export facility in Egypt in a bid to supply low-carbon fuel for the maritime shipping industry, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/05\/28\/consortium-signs-mou-for-the-development-of-a-green-methanol-facility-in-egypt?fbclid=IwZXh0bgNhZW0CMTAAAR2lJU2OG7NeuOSUq_VCNOSQB9UCPplqXDGdgjCVk20hjM6wTorL_MZWNAY_aem_AUiua35llW4yffDGszmQZzy-RQzRE_1PyaUI3hrwte8JQv_h1asYVDlr7tccmhs5tIwUnARbtbGreR8cFI2aHxD_\" style=\"\" rel=\"noopener\">statement<\/a>. An investment ticket for the plant and a timeline for construction and operations were not specified.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is this important?<\/strong> Green methanol \u2014 produced from biomass, captured carbon, or green hydrogen \u2014 stands to slash emissions from shipping vessels <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6dd73859-4fdb-4aa8-ac09-ea206a06880a\/enterprise-explains:-what-do-ecas-mean-for-the-green-methanol-industry%3F\" style=\"\" rel=\"noopener\">by 60% to 95%<\/a> when compared with conventional bunker fuels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand is expected to rise:<\/strong> Some 100 methanol-powered vessels are expected to be in service by 2026 racking up to 1 mn tonnes in green methanol demand and methanol-powered vessels are set to represent 14% of the global commercial fleet based on current orderbooks, the statement notes citing data from Drewry and Clarkson. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And regulations are driving the push: <\/strong>International regulations \u2014 including the current International Maritime Organization\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/86950b6e-6b6f-4877-9e68-53a306f0666d\/imo-looks-to-transform-its-revised%253cmark%253e-ghg-strategy%253c%2Fmark%253e-into-regulation\" style=\"\" rel=\"noopener\">greenhouse gas strategy<\/a> currently being revised \u2014 are driving adoption of the clean fuel which could see demand reaching 4 mn tonnes a year within the next 5 years, the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is looking to establish itself as a green fuel hub: <\/strong>Egypt inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1528c30e-07f7-467b-a27b-7151ed4b7382\/maersk%25e2%2580%2599s-green-fuels-arm-inks-usd-3-bn-framework-agreement-with-egypt-to-produce-green%253cmark%253e-methanol%253c%2Fmark%253e%5C\" style=\"\" rel=\"noopener\">USD 3 bn framework agreement<\/a> in October with AP Moller Holding and AP Moller-Maersk-owned C2X for the production of green methanol and its derivatives at the Suez Canal Economic Zone (SCZone). The company looks to produce 300k tons of green methanol per year in the project\u2019s first phase, with that figure ramping up to 1 mn tons by the conclusion of the project\u2019s last phase. Norway\u2019s Scatec and Alexandria National Refining & Petrochemicals Company (ANRPC) inked a USD 450 mn agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47413417-b184-4c5b-9675-832759b90a72\" style=\"\" rel=\"noopener\">last year<\/a> to establish a green methanol plant in Damietta.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/green-methanol\/\">green methanol<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chains\/\">supply chains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/transmar\/\">Transmar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78877 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=\"78877\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/78877\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78877\" class=\"content-area-description single-story post-78877 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78878\" 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=\"78878\">\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\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/\">\r\n                            Rail, trade, and cargo updates from KSA, UAE, Egypt, and Iran                        <\/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\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/\" 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\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/')\">\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\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/\">\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=Rail, trade, and cargo updates from KSA, UAE, Egypt, and Iran&url=https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/\">\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\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/&title=Rail, trade, and cargo updates from KSA, UAE, Egypt, and Iran\">\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=Rail%2C+trade%2C+and+cargo+updates+from+KSA%2C+UAE%2C+Egypt%2C+and+Iran+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F05%2F29%2Frail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran%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\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2400.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78879\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/2400-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2400.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2400.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2400.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2400.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78878\" class=\"content-area-description single-story post-78878 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-algeria tag-also-on-our-radar tag-cargo tag-dp-world tag-egypt tag-iran tag-last-mile-delivery tag-rail tag-saudi-arabia-railways tag-supply-chains tag-trade tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.e7d7b4d2-fcd0-4f18-9931-08b3d07155a5.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><\/strong><strong>Saudi Arabia Railways (SAR) <\/strong><strong>inked a contract with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.abudawood.com\/\" style=\"\" rel=\"noopener\">Ismail Abudawood and Procter<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.abudawood.com\/\" style=\"\" rel=\"noopener\">& Gamble (P&G) Ltd<\/a><\/strong><strong> to transport products across the Kingdom via rail,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/sarsaudirailway_aebaepaez-sar-activity-7200756370948734976-owVk?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. No investment ticket or timeline was disclosed as part of the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The partnership looks to boost transport product speed and efficiency by leveraging rail solutions, while also curbing emissions and safeguarding roadway infrastructure by limiting truck movements, the statement said. The move also comes in line with national efforts to boost the Kingdom\u2019s standing as a global logistics leader.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran has launched the 37 km Rasht-Caspian railway<\/strong><strong> which is the final phase of its \u201csea to <\/strong><strong>sea\u201d corridor linking ports in Iran\u2019s south and north regions<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2024\/05\/28\/3094022\/rasht-caspian-railway-to-be-inaugurated-today\" style=\"\" rel=\"noopener\">Tasnim<\/a> reports. The railway carries an investment ticket ofIRR 30 tn (USD 720 mn) and forms part of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d62e806c-caac-4f39-b1a3-fd7e1a3764ab\" style=\"\" rel=\"noopener\">International North-South Transport Corridor<\/a>. <\/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>UAE\u2019s <\/strong><strong>DMCC<\/strong><strong> + <\/strong><strong>Seoul Business Agency <\/strong><strong>partner to boost trade: <\/strong>The UAE\u2019s Dubai Multi Commodities Center (DMCC) has inked an MoU with South Korea\u2019s Seoul Business Agency (SBA) to boost trade, according to a <a target=\"_blank\" href=\"https:\/\/dmcc.ae\/latest-news\/dmcc-signs-strategic-partnership-with-seoul-business-agency-to-boost-innovation-between-the-uae-and-south-korea?utm_campaign=DMCC%20Press%20Releases%202024&utm_content=294715956&utm_medium=social&utm_source=facebook&hss_channel=fbp-188936624465182\" style=\"\" rel=\"noopener\">statement<\/a>. The two sides will support South Korean SMEs in Dubai through the Business Acceleration Platform (AGCC), which will facilitate the exchange of knowledge, resources, and expertise. The number of South Korean businesses setting up shop in Dubai rose by 20% last year, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Algerian energy firm Sonatrach has inked an agreement with Slovenian natural gas <\/strong><strong>trader Geoplin to increase gas exports to Slovenia<\/strong>, <a target=\"_blank\" href=\"https:\/\/sloveniatimes.com\/40539\/algeria-increasing-gas-supply-to-slovenia\" style=\"\" rel=\"noopener\">Slovenia Times<\/a> reports. Algeria will increase its natural gas exports by over 66% starting 2026, adding an additional 200 mn cubic meters per year. Algeria will employ its gas pipeline to Italy to deliver the natural gas to Slovenia, <a target=\"_blank\" href=\"https:\/\/english.news.cn\/20240528\/3a5069a96b8d4097a08e50a8985cf223\/c.html\" style=\"\" rel=\"noopener\">Xinhua<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai International Chamber will hold an African roadshow in June to strengthen <\/strong><strong>trade with Senegal and Morocco<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaichamberinternational.com\/en\/news\/dubai-international-chamber-trade-mission-set-to-strengthen-partnerships-with-business-communities-in-senegal-and-morocco\/\" style=\"\" rel=\"noopener\">press release<\/a>. The roadshow will take place from 3 to 7 June and is part of the New Horizons initiative which looks to promote the global reach of Dubai-based businesses.<\/p>\n<p class=\"tag-border-left\">ZONES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NERIC + Eastern R&E to cooperate on railway car production in SCZone:<\/strong> Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/www.neric.com\/\" style=\"\" rel=\"noopener\">National<\/a><a target=\"_blank\" href=\"https:\/\/www.neric.com\/\" style=\"\" rel=\"noopener\">Railway Industries Company<\/a> (NERIC) and South Korea-based supplier for manufacturing components for railway cars <a target=\"_blank\" href=\"http:\/\/www.estrne.com\/\" style=\"\" rel=\"noopener\">Eastern R&E<\/a> have inked an agreement to develop railway vehicle production projects in Egypt, exchange technical information, and transfer technology, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid02bwsAgmuXUgRUfnMZPBsHFiFNvpn7GEmYJ8Fpc1ChWVBNiR5nLrW5NUUjAjxS2ByXl\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement was signed during a visit by a delegation from the Egyptian-Korean Development Association (KEDA) to the SCZone, which is looking to attract Korean investments to Egypt, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About NERIC:<\/strong> NERIC is a JV formed by a consortium of Egyptian companies and government entities to establish a rolling stock plant in the SCZone\u2019s East Port Said Industrial Area, according to its <a target=\"_blank\" href=\"https:\/\/www.neric.com\/#top\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SUPPLY CHAINS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Saudi\u2019s Sure Global Tech signed a SAR 13.9 mn contract to diversify and develop supply <\/strong><strong>chains in commodities, minerals, and others with KSA\u2019s Commerce Ministry<\/strong> in cooperation with the Foreign Trade Authority, 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\/ldBNC4JAEAbgX-MxdrJWs9tKuiWGmoi2l1grTHB3PVjhv2-pk2Bfcxt4XnhnEEMFYpLf6op3tZK80fueWQdMLDDXC4gi4tiQ-IFLNyGZeckc5UNAfdPTwHGTlUenQG3E_spDGmMN4u0shB1QsH7Lw5sh8D3PhmTkgiEYqfgEHzoEiFWNKl__vHRduzTAgI6f-P3aGLrjUYmWyz7tRak0cjAGlJ4lakWWFVDHIp-QB0yngmg!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi84MDQyNC9jb21wYW55U3ltYm9sLzk1NTAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The contract sees the IT firm developing technology systems and adopting AI to provide recommendations on foreign trade <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World + Maalexi partner to boost food security:<\/strong> DP World has signed an agreement with UAE-based dynamic risk management outfit <a target=\"_blank\" href=\"https:\/\/www.maalexi.com\/\" style=\"\" rel=\"noopener\">Maalexi<\/a> to enhance operational efficiency and streamline access to a wider range of food products at Jebel Ali Port, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dp-world-and-maalexi-partner-to-drive-innovation-and-access-for-food-security-d28kpyl9\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership aims to expedite delivery time for essential food supplies for businesses across the UAE and the wider region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.danone.com\/egypt.html\" style=\"\" rel=\"noopener\">Danone Egypt<\/a><\/strong><strong> is looking to source 90% of its production needs from local <\/strong><strong>suppliers <\/strong><strong>by 2026<\/strong>, General Manager Hesham Radwan told <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/danone-egypt-commits-to-doubling-investment-targets-90-local-sourcing-by-2026-v6gv84iw\" style=\"\" rel=\"noopener\">Zawya Projects<\/a>. The company \u2014 which already sources 70% of its needs from local sources \u2014 plans on promoting Egypt as an export hub for raw materials, packaging, and finished products, Radwan said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EQUIPMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Equipment manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kanoomachinery.com\/\" style=\"\" rel=\"noopener\">Kanoo Machinery\u2019s<\/a><\/strong><strong> units in KSA and UAE sealed a <\/strong><strong>partnership agreement with leading Irish forklift maker <\/strong><strong><a target=\"_blank\" href=\"https:\/\/combilift.com\/about-us\/\" style=\"\" rel=\"noopener\">Combilift<\/a><\/strong> to introduce sustainable forklifting solutions in the region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/partnership-agreement-signed-between-kanoo-machinery-uae-and-ksa-and-combilift-kzgomg0i\" style=\"\" rel=\"noopener\">statement<\/a>. Those will focus on material handling equipment to help \u201cmeet diverse industry needs while supporting environmental goals.\u201d The financial terms of the partnership agreement were not disclosed. Kanoo Machinery is a member of leading family-owned conglomerate Yusuf bin Ahmed Kanoo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CARGO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia <\/strong><strong>and Nigeria are to resume cargo flights after an extended period of <\/strong><strong>suspension as the pair look to boost trade and logistics<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.channelstv.com\/2024\/05\/27\/nigeria-saudi-arabia-to-resume-cargo-flights-keyamo\/\" style=\"\" rel=\"noopener\">Channels<\/a> reported, citing statements by Nigeria\u2019s Minister of Aviation, Festus Keyamo. The decision to restart the flights came during a recent visit to Saudi Arabia, Keyamo said. No date for the resumption of flights was announced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Emirates Skycargo <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/079a16c7-8f0b-45cb-98ab-7f20dea26ca2\/emirates-skycargo-resumes-its-flights-to%253cmark%253e-nigeria%253c%2Fmark%253e,-uae-ramps-up-evtol-industry,-and-mawani-announces-new-licenses-and-permits\" style=\"\" rel=\"noopener\">announced plans<\/a> last week to recommence flights to Nigeria, effective 1 October, and will offer 300 tonnes of weekly bellyhold cargo capacity for flights in and out of Lagos. <\/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>DTC to provide Talabat with delivery services:<\/strong> Dubai Taxi Company (DTC) and Talabat have inked an agreement for DTC\u2019s fleet to be employed for transport delivery solutions to Talabat\u2019s customers across the UAE. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-taxi-company-signs-strategic-agreement-with-talabat-jti27fgz\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Italian flagship airline ITA Airways has been cleared to operate regular flights between <\/strong><strong>Saudi and Italy starting Sunday, 2 June<\/strong>. ITA Airways will operate five weekly flights between Rome and Riyadh, Gaca said. (<a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1795393575645315362\" style=\"\" rel=\"noopener\">X<\/a>)<\/li>\n<li><strong>Saudia Dairy and <\/strong><strong>Foodstuff<\/strong><strong> inked a long-term lease contract with the Saudi Authority <\/strong><strong>for Industrial Cities and Technology Zones<\/strong>. The agreement will see the Tadawul-listed food manufacturer set up a new warehouse in Jazan on a rented area of 15k sqm. Information about the size of the transaction wasn\u2019t disclosed. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/sadafco-announces-signing-a-long-term-lease-with-saudi-authority-for-industrial-cities-and-technology-zones-in-jazan-l2m0h9nh\" style=\"\" rel=\"noopener\">Press Release<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/cargo\/\">CARGO<\/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\/egypt\/\">Egypt<\/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\/last-mile-delivery\/\">last-mile delivery<\/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\/saudi-arabia-railways\/\">Saudi Arabia Railways<\/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                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78880\" 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\/29\/78880\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78880\" class=\"content-area-description single-story post-78880 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>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>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">World Advanced Manufacturing Logistics Summit & Expo<\/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>11-14 November (Monday-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>4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Saudi logistics sector gets a boost | Transmar + AD Ports + Orascom to build a green methanol plant | Malaysia is eyeing up Egypt\u2019s palm oil abilities<\/p>\n","protected":false},"featured_media":78868,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78867","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f3d9f242-9031-4410-8893-31dfe204e737","teaser":"Saudi logistics sector gets a boost | Transmar + AD Ports + Orascom to build a green methanol plant | Malaysia is eyeing up Egypt\u2019s palm oil abilities","photo_url":"https:\/\/ent.news\/2024\/1\/1192.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>Saudi\u2019s Logipoint + Gulf Islamic Investments establish 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