{"id":79097,"date":"2024-06-10T00:00:00","date_gmt":"2024-06-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=79097"},"modified":"2025-12-15T14:47:12","modified_gmt":"2025-12-15T14:47:12","slug":"agilitys-menzies-aviation-nabs-a-50-1-stake-in-groundforce-portugal","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-nabs-a-50-1-stake-in-groundforce-portugal\/","title":{"rendered":"Agility\u2019s Menzies Aviation nabs a 50.1% stake in Groundforce Portugal"},"content":{"rendered":"<section id=\"79099\" 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=\"79099\">\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\/06\/10\/today-agility-snaps-up-50-of-groundforce-portugal\/\">\r\n                            TODAY: Agility snaps up 50% of Groundforce Portugal                        <\/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\/06\/10\/today-agility-snaps-up-50-of-groundforce-portugal\/\" 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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There\u2019s a bit of M&amp;A, logistics hub and road developments, and a slew of aviation updates to unpack, so let\u2019s get to it.<\/span><\/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- UAE m<\/strong><strong>aritime and shipping company<\/strong><strong> GulfNav is set to discuss the acquisition of oil storage <\/strong><strong>outfit Brooge Petroleum and <\/strong><strong>Gas Investment Company tomorrow,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/639.pdf\" style=\"\" rel=\"noopener\">DFM filing (pdf)<\/a> released on Thursday. Gulfnav <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5da4d7d8-fb11-4388-b8ea-ff93766649c4\" style=\"\" rel=\"noopener\">submitted<\/a> a proposal earlier in the year for the structure of the acquisition of oil storage outfit Brooge Petroleum and Gas Investment Company to the Securities and Commodities Authority, after submitting a proposal to fully acquire the company from Nasdaq-listed Brooge Energy back in October 2023. The acquisition was initially expected to close in 4Q 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> GulfNav <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1e9c1f9c-7161-4ee3-9c3b-261ef26184ff\/ghitha-holding-expands-with-two-cross-border-acquisitions\" style=\"\" rel=\"noopener\">confirmed<\/a> that its advisors are still assessing the Brooge Energy acquisition in February, saying it aims to complete the evaluation within the coming weeks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong>#2- <\/strong><strong>Turkish Airlines' <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8ee0dc7a-9719-4820-947d-8263d3cd4fbb\" style=\"\" rel=\"noopener\">order of 225 aircraft<\/a><\/strong> <strong> from Boeing could open up avenues for the <\/strong><strong>domestic production of jet components<\/strong>, Turkish Airlines Chairman Ahmet Bolat told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-06\/turkish-airlines-gets-into-parts-production-amid-supply-snags\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an interview last week. The move comes as the airline looks to leverage its large orderbook to boost its domestic aviation manufacturing industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Relieving the pressure:<\/strong> Turkey\u2019s contribution to aircraft supply chains could help smooth choke points while relieving pressure on log jammed production lines at Boeing and Airbus, Bloomberg said. Turkey\u2019s order with Airbus also included provisions for local parts production, as part of a bid to speed up deliveries, Bolat explained. Delivery dates for some jets have been delayed by as much as six months, he added. \u201cYou make your own reservation, you start selling the tickets and then suddenly you find out that the aircraft is not coming,\u201d he explained.<\/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>Saudia Group<\/strong><strong> is in talks with Airbus and Boeing to boost its wide-body jet<\/strong> <strong>capacity<\/strong>, Saudia Group General Manager Abdullah Alshahrani told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/saudia-turns-airbus-boeing-wide-body-jets-amid-single-aisle-shortage-2024-06-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Thursday. The number of wide-body jets for Saudia Airlines and Flyadeal is still being decided, but Saudia Group will place an order this year, Alshahrani said. Saudia ordered 105 narrow-body aircraft from Airbus last month, valued at USD 19 bn, marking the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/am\/2024-05-21\/3\" style=\"\" rel=\"noopener\">largest aircraft order<\/a> in the Kingdom\u2019s history.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> \u201cA lack of production slots at Airbus, especially for the A320, forced the group to look at wide-body jets,\u201d Alshahrani said on the sidelines of the CAPA India aviation conference in New Delhi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Alshahrani said Saudia Group intends to visit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8b72e98-3f34-4884-9c71-1b9e99abed87\/%253cmark%253e%253c%2Fmark%253etoday%253cmark%253e%253c%2Fmark%253e:%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253enew%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eaircraft%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eturkish%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eairlines%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253esaudi%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvestors%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eeye%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edjibouti%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eport%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elogistics%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehub%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Comac's<\/a> China facility in September to evaluate the jets for future consideration, although it's \u201cnot the time\u201d to place an order. Saudia officials met with reps from Air India last week to talk about partnerships including a codeshare agreement, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>UAE\u2019s Jebel Ali Port is receiving a large number of unscheduled <\/strong><strong>vessel calls on the <\/strong><strong>back of diverted routes due to Red Sea disruptions<\/strong>, a spokesperson for port operator DP World told <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2024-06-07\/%D8%B9%D8%AF%D8%AF-%D9%83%D8%A8%D9%8A%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D8%B3%D9%81%D9%86-%D8%BA%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%AC%D8%AF%D9%88%D9%84%D8%A9-%D8%AA%D8%B5%D9%84-%D8%A5%D9%84%D9%89-%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%AC%D8%A8%D9%84-%D8%B9%D9%84%D9%8A\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">AlKhaleej<\/a> on Friday. The boost in unscheduled calls is also due to adverse weather and congestion at other ports, the spokesperson said, adding that DP World expects the trend to continue into the near future. Ports in Singapore, China, and the US are also facing high congestion, the news outlet wrote, citing data from Linerlytica. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Maesrk warned last week that global supply has been negatively impacted by \u201cmissed sailings, longer routes, equipment shortages, and delays leading to increased congestion across several key ports in Asia and the Middle East,\u201d in its upgraded <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1dc5d34f-73a5-407c-86be-80e7fc8208f9\/%253cmark%253emaersk%253c%2Fmark%253e-updates-earnings-guidance-once-again\" style=\"\" rel=\"noopener\">full-year earnings guidance<\/a> for 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- A big financing boost for Chabahar? <\/strong>India will reportedly earmark USD 1 bn for the development of Chabahar Port, head of Iran\u2019s Ports and Maritime Organization (PMO) Ali Akbar Safaei told <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2024\/06\/04\/3097598\/india-to-earmark-1-billion-for-development-of-iran-s-chabahar-official\" style=\"\" rel=\"noopener\">Tasnim News<\/a> last week. Negotiations for a contract on parts and equipment at the port are in their final stages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>A USD 370 mn 10-year contract was signed between Indian Ports Global Limited (IPGL) and the Port &amp; Maritime Organisation of Iran <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dd3dd663-7643-408d-90e4-2e8c78afe819\" style=\"\" rel=\"noopener\">to manage and develop Chabahar port<\/a> last May. At the time IPGL said it would invest nearly USD 120 mn into the project with an additional USD 250 mn in financing on offer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#5- <\/strong><strong>Boeing\u2019s <\/strong><strong>exiting <\/strong><strong>CEO Dave Calhoun is set to testify at a US Senate hearing <\/strong><strong>next week <\/strong><strong>after a series of safety failures that have rattled confidence in the company<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-ceo-testify-before-us-senate-panel-june-18-2024-06-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. Boeing\u2019s chief engineer will accompany Calhoun to the senate hearing scheduled on June 18, but will not be giving testimony. \u201cBoeing made a promise to overhaul its safety practices and culture. That promise proved empty, and the American people deserve an explanation,\u201d Senator Richard Blumenthal said, referring to arrangements made with Boeing following twin 737 Max crashes in 2018 and 2019 that saw 346 dead.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Whistles are blowing<\/strong><strong>:<\/strong> A Boeing whistleblower <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/96136283-b75c-446c-8f6f-7cdfd02df3a9\/prada-and-dhl-partner-on-saf-%2B-boeing-fights-back-safety-criticisms\" style=\"\" rel=\"noopener\">testified before Blumenthal\u2019s committee<\/a> in April claiming the firm skimped on safety precautions on some aircraft production lines and he was sidelined when concerns were raised, Reuters writes. The US Justice Department also said last month that Boeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d9a77ce9-d103-4348-a58a-fa61048088ca\/today:-dp-world-sinks-usd-mns-in-romania-%2B-emirates-is-set-to-use-saf-at-heathrow\" style=\"\" rel=\"noopener\">had not adhered to the terms<\/a> of a 2021 agreement that safeguarded it from liability for the two deadly 737 Max accidents. The US planemaker is also under criminal investigation for a January <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">mid-flight panel blow out<\/a> on an Alaska Airlines operated 737 Max, the newswire also said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It gets worse:<\/strong> Another two whistleblowers came forward with allegations of safety shortcomings on behalf of Boeing and key subcontractor Spirit Aerosystems, <a target=\"_blank\" href=\"https:\/\/nypost.com\/2024\/06\/05\/us-news\/two-more-boeing-whistleblowers-go-public-over-plane-safety\/\" style=\"\" rel=\"noopener\">The New York Post<\/a> reported last week. The pair \u2014 ex-Boeing employee Roy Irvin and former Spirit Aerosystems quality manager Santiago Paredes \u2014 allege that they logged numerous defects in aircraft and critical parts that were prepared for delivery. They also claim that they were reprimanded by management at the two firms for raising the issues and delaying production, the Post writes. A South Carolina law firm representing Irvin and Paredes has taken \u201cdozens\u201d of calls from other potential whistleblowers in the past few weeks, attorney Brian Knowles told the Post. <\/p>\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>Fires broke out on two cargo ships hit by Houthi missiles off <\/strong><strong>of Yemen on Sunday,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/ambrey-says-cargo-ship-hit-by-missile-southeast-yemens-aden-2024-06-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing UKMTO and Ambrey reports. An Antigua and Barbuda flagged general cargo vessel was hit by a missile, causing a fire to break out which was later contained, the newswire says citing UKMTO. Despite also being attacked by another missile and gunmen aboard small boats, no injuries were reported aboard the vessel which increased its sailing speed and diverted to a port, Ambrey said. A second vessel was struck by a projectile some 70 miles southwest of Aden resulting in a fire. No casualties were reported aboard the vessel which proceeded on its journey to its next port of call after damage control, UKMTO and Ambrey also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>C<\/strong><strong>olombia\u2019s trade mini<\/strong><strong>stry is looking to block coal exports to Israel due to its continued <\/strong><strong>campaign in Gaza<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-06\/israel-risks-losing-colombian-coal-supplies-over-gaza-war?srnd=economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday, citing a source and an internal document it had seen. The ministry made the recommendation to curb coal shipments to a committee that rules on tariffs and foreign trade, the document said. Israel imports some USD 450 mn worth of coal \u2014 over half its total coal imports \u2014 from Colombia annually. The state uses coal as an emergency backup fuel for electricity generation, but its contribution to Israel\u2019s power production is set to drop to 3% by next year, Bloomberg explained. At the same time, Israel has significant coal reserves and alternative suppliers, former acting chairman of the National Coal Company Oren Helman 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>Oil prices<\/strong><strong> edged up in early trading this morning on the back of rising demand during the summer season, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-slips-dollars-strength-us-jobs-data-2024-06-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures gained USD 0.28 reaching USD 79.90 a barrel by 04.27 GMT, while US West Texas Intermediate futures inched up USD 0.26 to hit USD 75.76 a barrel, the newswire said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the Opec+ front: <\/strong>Saudi Energy Minister Prince Abdulaziz bin Salman said the oil cartel could backtrack on planned oil production increases if the market was not strong enough, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-could-tweak-oil-pact-if-needed-ministers-say-2024-06-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. Bin Salman criticized Goldman Sachs for having a bearish outlook on oil, which he said is based on incorrect data. Some media reports and forecasts \u201cfiddle with the market,\u201d <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/06\/06\/opec-move-to-unwind-output-cuts-not-driven-by-market-share-concerns-saudi-minister-says\/\" style=\"\" rel=\"noopener\">The National<\/a> quotes the minister as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+ can still work around market uncertainties:<\/strong> \u201cIt's a year and a half agreement, it has all the mechanics, some of the mechanics are not new, we have also exercised it before... Especially this issue of pausing or reversing,\u201d bin Salman said on the alliance previously pausing the pumping of more oil when necessary.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Baltic Index gains on Friday:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was up 0.64% at 1,881 points on Friday, as gains in larger vessel segments buoyed the index, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-logs-weekly-gain-on-larger-vessel-rates\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The capesize subindex rose 0.71% at 2,998 points, while panamax inched up 1.1% at 1,750 points. Meanwhile, the smaller supramax segment shed 1 point at 1,254 points, recording its lowest since 28 February, the newswire said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Drewry\u2019s World Container Index (WCI) gained 12% to USD 4.7k per 40ft container <\/strong><strong>for the week ending Thursday<\/strong><strong>,<\/strong> up 181% y-o-y, maritime research and consultancy firm <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\" rel=\"noopener\">Drewry<\/a> said. The latest WCI index is also 232% greater than the average 2019 pre-pandemic rates of USD 1,420 per ft container. The average YTD composite index stands at USD 3,384 per 40ft container, USD 654 higher than the USD 2,730 10-year average, Drewry added. <\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Ports Authority (Mawani) saw 8.09% <\/strong><strong>y-o-y<\/strong><strong> growth in cargo throughput in May,<\/strong> hitting 27.6 mn tons compared to 25.6 mn tons a year earlier, according to a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=090624\" style=\"\" rel=\"noopener\">press release<\/a>. Exported containers boosted 13.61% to 255.3k TEU and imported containers gained 5.3% at 260k TEU. Meanwhile, transshipment container volumes dipped 46.77% at 132.5k TEUs. <\/p>\n<p class=\"tag-border-left\">PSA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Suez Canal Authority (SCA) has extended discounts fees for a range of vessel <\/strong><strong>types and itineraries until the end of 2024<\/strong>, according to circulars out last week <a target=\"_blank\" href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/Navigation\/NavigationCirculars\/Documents\/PC2.2017_5-6-2024.pdf\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/Navigation\/NavigationCirculars\/Documents\/PC3.2023_5-6-2024.pdf\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/Navigation\/NavigationCirculars\/Documents\/PC2.2021_5-6-2024.pdf\" style=\"\" rel=\"noopener\">here<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/Navigation\/NavigationCirculars\/Documents\/PC9.2023_5-6-2024.pdf\" style=\"\" rel=\"noopener\">here<\/a>. Disc. periods were lengthened for dry bulk cargo ships operating between Australia and ports in northwestern Europe, beginning with Cadiz and extending northward. Lower fees will also continue for tankers running between the American Gulf and India, dry bulk carriers operating between Mauritania, the GCC, India, and the Far East, as well as dry bulk and other vessels journeying between Egypt\u2019s Red Sea ports and Southwest Africa, the SCA circulars said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is limiting speeds on most train routes due to high temperatures<\/strong><strong>,<\/strong> according to a National Railway Authority <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid02RCPiejztgzyC8zLZaEbCMFQSH77vJVvbcoeBVdTKSDJuWRkPs5b1bDyhN3qfmHRjl\" style=\"\" rel=\"noopener\">statement<\/a> that cites safety concerns on the back of the effects of high temperatures on rails and equipment. The relevant authorities are monitoring weather conditions, and despite decreased speeds trains in Upper and Lower Egypt are running normally.<\/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>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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aci-europe-events.org\/\" style=\"\" rel=\"noopener\">ACI Europe Annual Congress<\/a><\/strong><strong> on Tuesday, 2 July to Thursday, 4 July<\/strong> in Istanbul. The event will bring together 500 C-level airport executives, as well representatives from businesses engaged with airports, airlines, aircraft manufacturers, and other stakeholders. The event will highlight discussions on the current state of the airport industry, geopolitics, the Turkish market, resilience, sustainability, and the diversification of revenues.<\/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\/boeing\/\">Boeing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/gulfnav\/\">Gulfnav<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                        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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/agilitys-menzies-aviation-nabs-a-50-1-stake-in-groundforce-portugal\/\">\r\n                            Agility\u2019s Menzies Aviation nabs a 50.1% stake in Groundforce Portugal                        <\/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\/06\/10\/agilitys-menzies-aviation-nabs-a-50-1-stake-in-groundforce-portugal\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/850.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79103\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/agilitys-menzies-aviation-nabs-a-50-1-stake-in-groundforce-portugal\/850-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/850.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"850.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/850.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/850.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79102\" class=\"content-area-description single-story post-79102 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-aviation tag-kuwait tag-ma-watch tag-menzies-aviation 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\/6\/.55dbf52e-41b6-45b0-b13e-bc58a456ac97.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Menzies finalizes Groundforce Portugal 50.1% acquisition: <\/strong>Kuwait-based logistics giant Agility\u2019s ground handling subsidiary Menzies Aviation has completed its acquisition of a 50.1% stake in ground handling outfit Groundforce Portugal, according to a <a target=\"_blank\" href=\"https:\/\/agilityglobal.com\/menzies-aviation-completes-groundforce-portugal-deal\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The move grants Menzies a 65% market share in Portugal\u2019s aviation services sector, the statement said. No investment ticket was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Portugal\u2019s flag carrier TAP will retain a 49.1% stake in Groundforce Portugal and will partner with Menzies Aviation to boost investments in technology to boost the efficiency of operations. Groundforce Portugal will be also be rebranded as Menzies Aviation and over 4k employees working in Humberto Delgado Airport in Lisbon, Francisco S\u00e1 Carneiro Airport in Porto, Gago Coutinho Airport in Faro, Cristiano Ronaldo International Airport on Madeira and Porto Santo Airport on Porto Santo Island will join the 50k strong Menzies workforce.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This transaction has been in the works for a while: <\/strong>News broke of the planned acquisition a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2918aff7-a123-4542-ad7b-040d6aaa9515\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in%253cmark%253e-portugal%253c%2Fmark%253e%25e2%2580%2599s%253cmark%253e-groundforce%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">little over a year ago<\/a> as part of an agreement which set out the general terms and conditions for a \u201crecovery plan\u201d presented to <a target=\"_blank\" href=\"https:\/\/menziesaviation.com\/news\/menzies-aviation-signs-subscription-agreement-with-tap-air-portugal-and-groundforces-insolvency-estate-to-subscribe-a-50-1-stake-in-groundforce\/\" style=\"\" rel=\"noopener\">Groundforce\u2019s creditors<\/a> to tackle the outfit\u2019s insolvency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Groundforce Portugal:<\/strong> The TAP subsidiary provides ground and air cargo services to global carriers, with TAP serving as its principal client. The outfit handles over 100k aircraft turns annually across five of Portugal\u2019s busiest airports and was established following the privatization of TAP Air Portugal's ground handling services in October 2005.<\/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\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/menzies-aviation\/\">Menzies Aviation<\/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=\"79104\" 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=\"79104\">\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\">Zones<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/\">\r\n                            Bahrain\u2019s BLZ agrees to lease land to Al Daaysi Holding for FMCG logistics hub                        <\/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\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/\" 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\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/')\">\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\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/\">\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=Bahrain\u2019s BLZ agrees to lease land to Al Daaysi Holding for FMCG logistics hub&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/\">\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\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/&title=Bahrain\u2019s BLZ agrees to lease land to Al Daaysi Holding for FMCG logistics hub\">\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=Bahrain%E2%80%99s+BLZ+agrees+to+lease+land+to+Al+Daaysi+Holding+for+FMCG+logistics+hub+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F10%2Fbahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub%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\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/728.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79105\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/bahrains-blz-agrees-to-lease-land-to-al-daaysi-holding-for-fmcg-logistics-hub\/728-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/728.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"728.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/728.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/728.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79104\" class=\"content-area-description single-story post-79104 post type-post status-publish format-standard has-post-thumbnail hentry category-zones tag-bahrain tag-logistics-handling tag-logistics-hub tag-zones 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\/6\/.5cf7f6af-5845-4533-b1ba-00db8f9c1f2b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahrain Logistics Zone (BLZ) has inked a contract to lease upwards of 8.4k <\/strong><strong>sqm to <\/strong><strong>Al D<\/strong><strong>aaysi Holding,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/C78h31KCl9f\/?utm_source=ig_web_copy_link\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The land will be used to build and operate a fully integrated logistics hub specialized in logistics operations for FMCG, including refrigerated and frozen food products, the statement said. No investment ticket or timeline for the initiative was disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> The partnership looks to boost Bahrain\u2019s re-exports to Africa and the Middle East, while also bolstering food security and local consumption in Bahrain, Al Daaysi Holding CEO Isa Al Daaysi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About BLZ:<\/strong> Regulated and managed by Ports and Maritime Affairs at Bahrain\u2019s Ministry of Transportation and Telecommunications, <a target=\"_blank\" href=\"https:\/\/www.mtt.gov.bh\/content\/pma-bahrain-logistics-zone\" style=\"\" rel=\"noopener\">BLZ<\/a> was established in 2008 on a 1k sqm plot adjacent to Khalifa Bin Salman Port (KBSP) in northern Bahrain, according to its <a target=\"_blank\" href=\"https:\/\/www.mtt.gov.bh\/content\/pma-bahrain-logistics-zone\" style=\"\" rel=\"noopener\">website<\/a>. BLZ offers customs-bonded zones for local, regional, and multinational firms and a logistics park with various 3PL, logistics, and value-added services.<\/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\/bahrain\/\">Bahrain<\/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\/logistics-hub\/\">logistics hub<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/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=\"79106 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=\"79106\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/79106\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79106\" class=\"content-area-description single-story post-79106 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\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=\"79107\" 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=\"79107\">\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\">Projects<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-jv\/\">\r\n                            Riyadh awards SAR 4 bn contract for Wadi Laban upgrades to Saudi-Turkish 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\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-jv\/')\">\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\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-jv\/\">\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=Riyadh awards SAR 4 bn contract for Wadi Laban upgrades to Saudi-Turkish JV&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-jv\/\">\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\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-jv\/&title=Riyadh awards SAR 4 bn contract for Wadi Laban upgrades to Saudi-Turkish JV\">\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=Riyadh+awards+SAR+4+bn+contract+for+Wadi+Laban+upgrades+to+Saudi-Turkish+JV+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F10%2Friyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-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\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-jv\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/848.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79108\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/riyadh-awards-sar-4-bn-contract-for-wadi-laban-upgrades-to-saudi-turkish-jv\/848-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/848.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"848.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/848.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/848.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79107\" class=\"content-area-description single-story post-79107 post type-post status-publish format-standard has-post-thumbnail hentry category-projects tag-projects tag-roads 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\/6\/.8372cb98-0985-4e6c-9c10-ec0fc05e2af7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Royal Commission for Riyadh lines up upgrades for Wadi Laban cable <\/strong><strong>bridge: <\/strong>The Royal Commission for Riyadh City (RCRC) has awarded an estimated SAR 4 bn (USD 1 bn) design-and-build contract to a JV formed by Turkish contractor IC Ictas and local contractor Al Rashid Trading & Contracting Company for upgrades to Riyadh\u2019s Wadi Laban cable bridge, <a target=\"_blank\" href=\"https:\/\/www.meed.com\/riyadh-awards-1bn-cable-bridge-contract\" style=\"\" rel=\"noopener\">MEED<\/a> reported last week. RCRC received bids from contractors in early January. No timeline for upgrades was disclosed in MEED\u2019s report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the plan? <\/strong>The project looks to ease traffic congestion around the western ring road in the area extending from Ibn-Hazm Road to Jeddah Road, and includes construction of an intersection at Jeddah Road.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the bridge:<\/strong> The 763 meters span, 35 meters wide bridge was completed in 1997 and has two 14-meter wide carriageways.<\/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\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/roads\/\">roads<\/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=\"79109\" 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=\"79109\">\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\">A MESSAGE FROM TRANSMAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/egypts-trade-imbalance-time-to-act\/\">\r\n                            Egypt\u2019s Trade Imbalance: Time to Act                        <\/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\/06\/10\/egypts-trade-imbalance-time-to-act\/\" 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\/06\/10\/egypts-trade-imbalance-time-to-act\/')\">\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\/06\/10\/egypts-trade-imbalance-time-to-act\/\">\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=Egypt\u2019s Trade Imbalance: Time to Act&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/egypts-trade-imbalance-time-to-act\/\">\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\/06\/10\/egypts-trade-imbalance-time-to-act\/&title=Egypt\u2019s Trade Imbalance: Time to Act\">\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=Egypt%E2%80%99s+Trade+Imbalance%3A+Time+to+Act+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F10%2Fegypts-trade-imbalance-time-to-act%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\/06\/10\/egypts-trade-imbalance-time-to-act\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/714.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79110\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/egypts-trade-imbalance-time-to-act\/714-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/714.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"714.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/714.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/714.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79109\" class=\"content-area-description single-story post-79109 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-transmar tag-a-message-from-transmar tag-egypt tag-transmar 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\/6\/.f894926b-df88-4584-a88c-2d3c9830d4b8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt's trade imbalance, a glaring disparity between imports and exports, has been a <\/strong><strong>persistent issue. <\/strong>Despite some progress, the gap remains vast. In 2022, the trade deficit soared to USD 48.7 bn. By 2023, it shrunk to USD 36.9 bn, and the first half of 2024 shows a further reduction to USD 18.7 bn. While these numbers indicate improvement, the underlying issues persist. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The roots of the problem: <\/strong>Egypt's economy heavily depends on high-value imports like food, machinery, and medical supplies, which strain the national budget. Meanwhile, its exports consist mostly of low-value raw materials, failing to offset the import costs. This imbalance has severe economic repercussions such as currency devaluation, foreign reserves depletion, and rising external debt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Contributing factors include;<\/strong><\/p>\n<ul>\n<li><strong>A dependence on imports:<\/strong> Limited domestic manufacturing necessitates heavy reliance on imports.<\/li>\n<li><strong>A lack of export diversification:<\/strong> Exports are undiversified, making the economy vulnerable to global market fluctuations.<\/li>\n<li><strong>Trade barriers:<\/strong> Bureaucracy, poor infrastructure, and limited financing hinder export growth.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Government measures have had mixed results:<\/strong><\/p>\n<ul>\n<li><strong>Export promotion programs: <\/strong>Subsidies, international trade fair support, and export councils aim to boost exports.<\/li>\n<li><strong>Trade agreements: <\/strong>Bilateral and multilateral agreements seek to reduce tariffs and make Egyptian products more competitive.<\/li>\n<li><strong>Incentives for domestic production:<\/strong> Tax breaks, reduced import duties on raw materials, and SME support aim to bolster local manufacturing.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategic recommendations: <\/strong>To bridge the trade gap, Egypt must focus on industries that meet three criteria: high local component use, value-added production, and ecosystem building to stimulate industrialization and job creation.<\/p>\n<ul>\n<li><strong>Agri-produce: <\/strong>Leveraging Egypt's climate and proximity to the EU, products like tomatoes for concentrate and olives can thrive with better quality control and supply chain management.<\/li>\n<li><strong>Glass production:<\/strong> With abundant raw materials, Egypt can shift from exporting raw materials to more profitable finished or semi-finished glass products.<\/li>\n<li><strong>Fertilizer production:<\/strong> Utilizing local rock phosphate for phosphate and nitrogen-based fertilizers can boost export profitability.<\/li>\n<li><strong>The cement industry: <\/strong>Capitalizing on Europe\u2019s energy crisis, Egypt can export cement, utilizing underutilized assets.<\/li>\n<li><strong>Home appliances and white goods: <\/strong>This sector can stimulate feeder industries and compete in regions like COMESA with favorable trade agreements.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transmar\u2019s role: <\/strong>For over 40 years, Transmar, a leading Egyptian shipping line, has facilitated the transportation of Egyptian goods to regional markets, helping producers reach wider customer bases. Their extensive regional network and partnerships with local industries promote export growth and enable them to explore new market avenues by adding trade routes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Collaboration is key: <\/strong>Bridging Egypt's trade imbalance requires a concerted effort. Government, businesses, maritime and logistics providers like Transmar, and other stakeholders must collaborate to drive positive change. By fostering an environment that incentivizes export growth, encourages domestic production, and optimizes logistics, Egypt can achieve sustainable economic growth. It\u2019s time for all hands-on deck.<\/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\/a-message-from-transmar\/\">A MESSAGE FROM TRANSMAR<\/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\/transmar\/\">Transmar<\/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=\"79111 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=\"79111\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/79111\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79111\" class=\"content-area-description single-story post-79111 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=\"79112\" 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=\"79112\">\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\">Zones<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/\">\r\n                            DP World kicks off operations at India\u2019s Cochin Economic Zone                        <\/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\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/\" 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\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/')\">\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\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/\">\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 World kicks off operations at India\u2019s Cochin Economic Zone&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/\">\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\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/&title=DP World kicks off operations at India\u2019s Cochin Economic Zone\">\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+World+kicks+off+operations+at+India%E2%80%99s+Cochin+Economic+Zone+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F10%2Fdp-world-kicks-off-operations-at-indias-cochin-economic-zone%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\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/779.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79113\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/dp-world-kicks-off-operations-at-indias-cochin-economic-zone\/779-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/779.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"779.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/779.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/779.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79112\" class=\"content-area-description single-story post-79112 post type-post status-publish format-standard has-post-thumbnail hentry category-zones tag-dp-world tag-trade tag-zones 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\/6\/.25240748-267a-4008-8b1b-b2916299446a.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D<\/strong><strong>P World launched operations <\/strong><strong>at Cochin Economic Zone in the Vallarpadam <\/strong><strong>terminal, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/india\/news\/dp-world-launches-cochin-economic-zone-propelling-global-trade-growth\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The hub represents Kerala\u2019s first freetrade warehousing zone (FTWZ) and DP World\u2019s third India-based economic zone. No details regarding the investment ticket were disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategic placement: <\/strong>The 75k sqft facility lies some 35 km from the airport and situated close to key national highways connecting to Mumbai and other trade hubs in addition to adjoining railway links. It also provides 67-value added services connecting ports to the wider supply chain through multimodal connectivity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A boon for India\u2019s trading activities:<\/strong> The facility is set to benefit local export and import-oriented businesses as well as multinationals trading in India, with the hub\u2019s status under India\u2019s SEZ Act offering regulatory advantages such as expediting re-exports and permitting firms to set up shop without having a registered entity in India. Firms can also leverage duty-free deferment for imports, the statement explained. Companies at the zone can also leverage synergies and connectivity farther afield via DP World\u2019s Dubai-based Jebel Ali Freezone (JAFZA), the statement also said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>DP World and Cochin Port Authority <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/india\/news\/dp-world-signs-two-mous-cochin-port\" style=\"\" rel=\"noopener\">signed two MoUs<\/a> for the development at Cochin Port last year. The first agreement set the stage for phase one of developments for a FTWZ, while the second covered upgrades to cargo handling at the port\u2019s International Container Transshipment Terminal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not DP\u2019s first rodeo in India:<\/strong> Cochin Economic Zone is DP World\u2019s third India-based economic zone. The Dubai-based port operator operates two more economic zones in the country, Mumbai\u2019s 1 mn sqf Nhava Sheva Business Park (NSBP), and Chennai\u2019s 600k sqf Integrated Chennai Business Park (ICBP), the statement explained. <\/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\/dp-world\/\">DP World<\/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\/zones\/\">ZONES<\/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=\"79114\" 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=\"79114\">\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\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/\">\r\n                            Shipping, aviation, and trade updates from UAE and KSA                        <\/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\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/\" 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\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/')\">\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\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/\">\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=Shipping, aviation, and trade updates from UAE and KSA&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/\">\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\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/&title=Shipping, aviation, and trade updates from UAE and KSA\">\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=Shipping%2C+aviation%2C+and+trade+updates+from+UAE+and+KSA+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F10%2Fshipping-aviation-and-trade-updates-from-uae-and-ksa%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\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/846.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79115\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/10\/shipping-aviation-and-trade-updates-from-uae-and-ksa\/846-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/846.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"846.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/846.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/846.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79114\" class=\"content-area-description single-story post-79114 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-etihad-cargo tag-mawani tag-saudi-arabia 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\/6\/.34cdbcd7-861b-41e8-baac-4cfc2e8cfac6.mp3\"><\/audio><\/figure>\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>Etihad Cargo + Kezad Group ink MoU<\/strong><strong> on pharma distribution:<\/strong> The UAE\u2019s Etihad Cargo has inked an MoU with AD Ports Group subsidiary Kezad Group, the Abu Dhabi Health Department (DoH), and the Abu Dhabi Investment Office (IO) to boost pharma distribution in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\/news\/abu-dhabi-is-underway-to-become-a-global-pharmaceutical-and-life-science-distribution-hub\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The MoU aims to establish Abu Dhabi as a regional pharma distribution hub, the statement 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\">SHIPPING + MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hapag-Lloyd introduces TRE shipping line:<\/strong> Hapag-Lloyd has introduced a new shipping line, the Turkey Red Sea Express (TRE), that will begin operations on 15 June, according to a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2024\/06\/shipping-between-north-tuerkiye-and-red-sea--here-s-our-new-tre-.html\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The rotation will pass through Turkey\u2019s Istanbul, Izmit, Aliaga, Saudi Arabia\u2019s Jeddah, and Jordan\u2019s Aqaba.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>G<\/strong><strong>ulftainer receives its first ro-ro <\/strong><strong>vessel at Jubail Container Terminal:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.gulftainer.com\/\" style=\"\" rel=\"noopener\">Gulftainer<\/a> \u2019s KSA subsidiary Gulf Stevedoring Contracting Company (GSCCO) has received its first roll-on\/roll-off (ro-ro) cargo vessel, the Grande Dakar, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gulftainer-receives-first-ro-ro-vessel-at-jubail-container-terminal-dfj9jn38\" style=\"\" rel=\"noopener\">press release<\/a> issued on Thursday. The vessel discharged 287 buses with a \u201cremarkably swift\u201d turnover time, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gu<\/strong><strong>lf Energy Mariti<\/strong><strong>me to add two MR vessels to its fleet:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.gulfenergy-int.com\/\" style=\"\" rel=\"noopener\">Gulf Energy Maritime<\/a> is turning to HD Hyundai Mipo Dockyard for two medium-range (MR) tankers, the Gem Daniela and the Gem Delilah, <a target=\"_blank\" href=\"https:\/\/splash247.com\/gulf-energy-maritime-lifts-product-tanker-orderbook-in-south-korea\/\" style=\"\" rel=\"noopener\">Splash<\/a> reported on Thursday. The 50k dwt units are slated to be delivered in 2026 for an undisclosed price, the outlet reports. Shipbrokers expect each of the vessels to be valued at a minimum of USD 50 mn, <a target=\"_blank\" href=\"https:\/\/www.imarinenews.com\/10149.html\" style=\"\" rel=\"noopener\">Imarinenews<\/a> reports, citing Trade Winds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Gulf Energy Maritime:<\/strong> Formed in 2004 as a JV between Emirates National Oil Company (ENOC), Abu Dhabi\u2019s International Petroleum Investment Company (IPIC), the Oman Oil Company (OOC) and Thales of France, Gulf Energy has seven ships in operation, with six MR newbuilds slated for delivery within the next two years from Hyundai Mipo, the outlet says.<\/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\">PORTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vahle to automate container blocs at Khalifa port<\/strong><strong>:<\/strong> Shipping giant <a target=\"_blank\" href=\"https:\/\/www.cma-cgm.com\/\" style=\"\" rel=\"noopener\">CMA CGM<\/a> has signed a contract with German port automation solutions provider <a target=\"_blank\" href=\"https:\/\/www.vahle.com\/en\" style=\"\" rel=\"noopener\">Vahle<\/a> for the electrification and automation of container blocks at Abu Dhabi\u2019s Khalifa Port, the first phase for which will start this summer, according to a <a target=\"_blank\" href=\"https:\/\/www.vahle.com\/en\/company\/news\/news\/grossauftrag-in-abu-dhabi-vahle-elektrifiziert-und-automatisiert-containerbloecke-im-neuen-khalifa-port\" style=\"\" rel=\"noopener\">statement<\/a> published on Thursday. Phase 1 will see around 16 container blocks fitted with Vahle\u2019s automation systems, which will involve installing around 22 km of U35 conductor systems and data communication systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Ports Authori<\/strong><strong>ty (Mawani) has inaugurated a command, control, and capacity <\/strong><strong>building center at Jeddah Islamic Port,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=050624&language=ar\" style=\"\" rel=\"noopener\">statement<\/a> released last week. This initiative aims to streamline Mawani\u2019s maritime operations, including cargo throughput and operational readiness, and to contribute to crisis management by using advanced programs and systems that assist in data collection and analysis, according to the statement. The center will also integrate and coordinate operations and activities across various sectors and government levels to ensure business continuity, the statement adds. <\/p>\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hong Kong flag airline Cathay Pacific will launch direct passenger flights to Riyadh<\/strong><strong> starting 28 October<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/news.cathaypacific.com\/cathay-pacific-to-launch-direct-flights-connecting-hong-kong-and-riyadh\" style=\"\" rel=\"noopener\">statement<\/a>. It will launch three weekly return flights between Hong Kong and Riyadh using their Airbus A350-900 aircraft on Mondays, Thursdays, and Saturdays.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been expecting this:<\/strong> Last month, Saudi Air Connectivity Program CEO Majid Khan said the program <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/abfac736-4b6c-40b4-9b9d-6c7e0d1605a7\" style=\"\" rel=\"noopener\">was expected<\/a> to announce \u201cbig news\u201d in the first week of June on a new route connecting Asia to the Kingdom. Another announcement on a destination \u201cfrom the west\u201d is set to be made after the summer, Khan said, refusing to disclose further details.<\/p>\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 aims for 40% rail freight share at UK Southampton terminal in 2026<\/strong><strong>: <\/strong>The UAE\u2019s DP World aims to cut down on carbon emissions by reducing the share of freight owners who transport their goods via trucks, aiming for a 40% rail freight share in 2026, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/southampton\/news\/latest-news\/dp-world-targets-40-percent-rail-freight-share-at-southampton-in-2026\" style=\"\" rel=\"noopener\">statement<\/a> published on Thursday. The firm is making the shift through its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f056165d-8cc2-48e7-899a-c346a598f374\/today:-dp-world-rolls-out-pilot-incentive-program-%2B-saudi-arabia-to-boost-air-sea-logistics-connectivity\" style=\"\" rel=\"noopener\">Modal Shift Program<\/a> at the terminal, which encourages owners to use a strategically located railhead instead of trucks. The share of rail freight at Southampton has risen to 30% since the launch of the project in September of last year.<\/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>Morocco adds second South Korean tanker:<\/strong> Morocco\u2019s petroleum company Petrocab has ordered its second oil tanker from South Korean shipbuilder Dae Sun Shipbuilding & Engineering. (<a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/06\/363070\/morocco-builds-up-domestic-oil-fleet-with-second-korean-tanker#google_vignette\" style=\"\" rel=\"noopener\">Morocco World News<\/a>)<\/li>\n<li><strong>Air Arabia resumes flights to Iraq\u2019s Basra<\/strong><strong>:<\/strong> UAE budget airline Air Arabia launched four flights a week to Iraq\u2019s Basra from Sharjah International Airport. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3jnopo-air-arabia-resumes-its-flights-basra-iraq\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Royal Air Maroc adds a new Brazil route<\/strong><strong>:<\/strong> Morocco\u2019s Royal Air Maroc will operate three direct flights from Casablanca to Brazil\u2019s Sao Paulo Guarulhos International Airport starting 7 December. (<a target=\"_blank\" href=\"https:\/\/www.mapnews.ma\/en\/actualites\/economy\/moroccos-flag-carrier-re-launch-casablanca-sao-paulo-direct-air-link-dec-7\" style=\"\" rel=\"noopener\">Morocco World News<\/a>)<\/li>\n<li><strong>G<\/strong><strong>ulf Air launches two more flights<\/strong><strong> to Geneva: <\/strong>Bahrain\u2019s Gulf Air is operating two weekly flights from Bahrain to Geneva via Milan from 4 June until 27 September. (<a target=\"_blank\" href=\"https:\/\/www.bna.bh\/en\/GulfAirlaunchesseasonalflightstoGeneva.aspx?cms=q8FmFJgiscL2fwIzON1%2bDjLIj14nWoBz2Xhv4LveY6U%3d\" style=\"\" rel=\"noopener\">BNA<\/a>)<\/li>\n<li><strong>Poland\u2019s LOT flies to <\/strong><strong>Riyadh:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.lot.com\/eg\/en?utm_medium=search&utm_source=google&utm_campaign=brand-exact&utm_content=serp&utm_term=eg_en_none&hid=99_01&s_kwcid=AL!8589!3!695768969270!e!!g!lot%20polish%20airlines&gad_source=1&gclid=CjwKCAjwvIWzBhAlEiwAHHWgvdfTjr3_hRJvRpOU8ITB33USop7O-WpHAFkDO9wYVwfRTKFmfRdFOhoCgQYQAvD_BwE\" style=\"\" rel=\"noopener\">LOT Polish Airlines<\/a> has launched three weekly flights from Warsaw Chopin Airport to King Khalid International Airport in Riyadh, Saudi Arabia. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2117230\" style=\"\" rel=\"noopener\">SPA<\/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\/etihad-cargo\/\">Etihad Cargo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/mawani\/\">Mawani<\/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\/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=\"79116\" 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\/06\/10\/79116\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79116\" class=\"content-area-description single-story post-79116 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\">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>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;\">AUGUST<\/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 August (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rexconferences.com\/conference-info\" style=\"\">Rex Fuels Global Expo & Conference 2024- Bitumen, Petrochemicals & Products<\/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: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>26-27 October (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/theires.org\/Conference\/18859\/ICTTL\/\" style=\"\">International Conference on Tourism, Transport, and Logistics<\/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: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 style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/pressroom\/2024-releases\/2024-06-03-04\/\" style=\"\">IATA Annual General Meeting (AGM) and World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, New Delhi, India.<\/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;\">2026<\/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;\">2026 UNCTAD Global Supply Chains Forum, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">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\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>Agility snaps up 50% of Groundforce Portugal | Lots of Boeing updates at home and abroad | KSA\u2019s Wadi Laban upgrades awarded to Saudi-Turkish JV.<\/p>\n","protected":false},"featured_media":79098,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-79097","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"82d8bb93-63c8-46b6-83e1-a062fc4334cd","teaser":"Agility snaps up 50% of Groundforce Portugal | Lots of Boeing updates at home and abroad | KSA\u2019s Wadi Laban upgrades awarded to Saudi-Turkish JV.","photo_url":"https:\/\/ent.news\/2024\/1\/1277.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO 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