{"id":79243,"date":"2024-06-24T00:00:00","date_gmt":"2024-06-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=79243"},"modified":"2025-12-15T14:49:36","modified_gmt":"2025-12-15T14:49:36","slug":"saudis-pif-and-ardian-to-grab-37-6-stake-of-heathrow-airport","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/saudis-pif-and-ardian-to-grab-37-6-stake-of-heathrow-airport\/","title":{"rendered":"Saudi\u2019s PIF and Ardian to grab 37.6% stake of Heathrow Airport"},"content":{"rendered":"<section id=\"79245\" 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=\"79245\">\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\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\">\r\n                            TODAY: PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break                        <\/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\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\" 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\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/')\">\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\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\">\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=PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\">\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\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/&title=PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break\">\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=PIF+and+Ardian+hammer+out+Heathrow+acquisition+%2B+DP+World+was+busy+during+the+Eid+break+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Fpif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break%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\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79246\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/450-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"450.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79245\" class=\"content-area-description single-story post-79245 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-airbus tag-aviation tag-boeing tag-houthi tag-red-sea tag-saudi-arabia tag-trade tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.ebe1120a-2846-435f-a421-3ce837b0ca1f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gents. <\/strong>We hope you\u2019re ready for a powerhouse of an issue after a lengthy break, there was no rest for the regional logistics sector while we were enjoying some time off. First, let\u2019s check in on the latest in the brewing trade war between China and\u2026 everyone?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY ABROAD- China + EU initiate talks on EV tariffs: <\/strong>China and the EU have agreed to start talks on the planned imposition of tariffs on Chinese-made EVs entering the European market, as confirmed by EU Commissioner Valdis Dombrovskis to Germany\u2019s Economy Minister Robert Habeck. The EU passed a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/eu-impose-multi-billion-euro-tariffs-chinese-evs-ft-reports-2024-06-12\/\" style=\"\" rel=\"noopener\">decision this month<\/a> to push tariffs on imports of Chinese EVs to up to 48% on some vehicles. The move follows an anti subsidy investigation initiated by the supranational political union last year against Chinese EVs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tariffs <\/strong><strong>are<\/strong><strong> not a \u201cpunishment\u201d: <\/strong>Habeck <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/eu-tariffs-china-not-punishment-says-german-economy-minister-2024-06-22\/#:~:text=BEIJING%2C%20June%2022%20(Reuters),officials%20in%20Beijing%20on%20Saturday.\" style=\"\" rel=\"noopener\">reassured Chinese officials<\/a> that proposed EU tariffs on Chinese-made EVs are not punitive but are intended to level the playing field. The EU claims not to implement punitive tariffs the way that the US, Brazil and Turkey have. \u201cCommon, equal standards for market access should be achieved,\u201d Habeck said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are the tariffs already hitting trade volumes? <\/strong>German exports to China dropped 14% y-o-y last month, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f4d83b55-3277-4bf2-8185-9f3d10059c40\" style=\"\" rel=\"noopener\">FT<\/a> reports. Although tensions could be rising between Beijing and Berlin over the EV tariffs, analysts and economists suggest the export decline is likely attributable to other factors, including weaker auto sales in China or \u201ca lagged impact of the Red Sea blockage.\u201d It doesn\u2019t look like this reading is the start of a new downtrend,\u201d Oxford Economics economist Oliver Rakau said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As one door opens, another door closes: <\/strong>The Canadian government is also mulling passing its own set of fresh tariffs on Chinese-made EVs, in a bid to match actions by the US and EU, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-20\/canada-prepares-potential-tariffs-on-china-electric-vehicles-after-us-eu-moves\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The decision is still pending, with public consultations about the matter expected to kick off soon, the business information service cites officials as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed headlines worldwide in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/german-economy-minister-says-eu-open-talks-china-tariffs-2024-06-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9902c9f2-3664-4a23-a5a5-77bca4979d96\" style=\"\" rel=\"noopener\">The Financial Times<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-22\/china-european-union-agree-to-hold-talks-on-ev-tariffs\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/06\/22\/business\/china-germany-tariffs-trade.html\" style=\"\" rel=\"noopener\">The New York Times<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/23\/eu-and-china-set-for-talks-on-planned-electric-vehicle-tariffs.html\" style=\"\" rel=\"noopener\">CNBC<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cw999dwp313o\" style=\"\" rel=\"noopener\">BBC<\/a><\/strong><strong>.<\/strong><\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- Agility eyes a dual listing for ADX-listed subsidiary: <\/strong>Kuwaiti logistics firm <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/\" style=\"\" rel=\"noopener\">Agility<\/a> is mulling a dual listing for its ADX-listed subsidiary, Agility Global, on Saudi Arabia\u2019s Tadawul stock exchange, in a move to provide wider investment exposure for its investors, Agility Vice Chairman Tarek Sultan told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/markets\/2024\/06\/13\/agility-dual-list-saudi-tadawul\/\" style=\"\" rel=\"noopener\">the National<\/a>, revealing that the logistics firm\u2019s board could discuss the dual listing at the board level \u201cin the very near future.\u201d It plans to work with regulators both in the UAE and Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Agility Global made its debut via a technical listing on ADX <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3567c24e-066f-4f01-a950-5d194bc1d640\" style=\"\" rel=\"noopener\">in May<\/a>. Agility Global\u2019s share price jumped more than fourfold on the first day of trading following its technical listing on ADX. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi bourse is key for exposure:<\/strong> \u201cAt the end of the day, [investors] want exposure to the emerging markets, they want exposure to the big economies of the Middle East, and you can't have that in a fundamental way if you're not present in the Kingdom,\u201d Sultan said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>#2- <\/strong><strong>Denmark\u2019s freight company <\/strong><strong>DSV and <\/strong><strong>Neom\u2019s<\/strong><strong> USD 10 bn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1394969c-ca3f-48ec-8872-79eb70fc119a\" style=\"\" rel=\"noopener\">logistics joint venture<\/a><\/strong><strong> has been <\/strong><strong>delayed due to missing regulatory approvals from KSA and Egypt<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-17\/dsv-neom-10-billion-tie-up-delayed-due-to-missing-approvals\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The partnership was initially slated to receive regulatory approvals and kicked off in the 2Q, but DSV says the delay will not impact its 2Q earnings. \u201cIt's not unusual for delays to occur in projects of this size, and this doesn\u2019t change our preparations and long-term expectations for the collaboration,\u201d a spokesperson told the outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The JV is set to provide ground, sea, and air logistics services for the delivery of goods within the city, as well as supply chain management, development, and investments in infrastructure and logistics and transport assets. A portion of the JV\u2019s revenues will also be allocated to developing technologies and commercializing new sustainable next-generation logistics solutions, including establishing an innovation center at the Neom\u2019sOxagon, according to the press release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- <\/strong><strong>Shanghai-based planemaker Comac has a good chance of breaking the <\/strong><strong>Boeing-Airbus duopoly over the jet market within the next 10 years<\/strong>, Dubai Aerospace Enterprise CEO Firoz Tarapore told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/aircraft-lessor-dae-sees-chinas-comac-breaking-airbus-boeing-duopoly-2024-06-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Friday. Despite difficulty in obtaining certifications from European and US regulators, Comac is garnering attention as the other planemakers face labor shortages and engine issues resulting in delivery delays and disrupting airline growth plans, the newswire added. \u201cOver the next decade Comac has a unique [chance] to break this duopoly into a triopoly because on the one hand Airbus is sold out, and Boeing is having production problems,\u201d Tarapore said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The FAA opens probe into titanium sourced by <\/strong><strong>Boeing and Airbus<\/strong><strong>:<\/strong> The US Federal Aviation Administration (FAA) is looking into documents used to verify the authenticity of titanium utilized in developing recently manufactured Boeing and Airbus jets, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/faa-investigating-counterfeit-titanium-used-some-boeing-airbus-jets-nyt-reports-2024-06-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing exclusive reporting by the New York Times. Boeing has released a voluntary disclosure highlighting the \u201cprocurement of material through a distributor who may have falsified or provided incorrect records,\u201d the FAA said. The aircraft manufacturer issued a bulletin noting ways in which suppliers should remain alert to the potential of falsified records, the FAA added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The aviation giants are quelling the issue:<\/strong> Boeing argues this is a broader industry issue affecting only some titanium shipments from a limited set of suppliers which affect a small number of airplane parts. Airbus said \u201cnumerous tests have been performed on parts coming from the same source of supply\u201d in question. Titanium is used to make aircraft landing gear, blades, and turbine discs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boeing is also looking into snags with its 787 Dreamliner<\/strong> <strong>after discovering hundreds of fasteners were improperly installed on the fuselage of some undelivered jets<\/strong>, two insider sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-investigates-quality-problem-undelivered-787s-sources-say-2024-06-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Boeing is looking into what caused the problem and the level of rework that will be needed, but there is currently no urgent concern about flight safety, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trouble is piling on:<\/strong> Boeing\u2019s outgoing CEO Dave Calhoun was attacked by senators at a US Senate hearing over a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">series of safety failures<\/a> that have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8a98a79-4b53-45c0-b060-9cf8a424db04\/today:-agility-snaps-up-50%2525-of-groundforce-portugal\" style=\"\" rel=\"noopener\">rattled confidence in the company<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-ceo-face-harsh-senate-questions-new-whistleblower-claims-2024-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Prosecutors are set to inform a federal judge in Texas of plans to proceed on a potential criminal case against the company by 7 July. The US Justice Department said last month that Boeing had not adhered to the <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\">terms of a 2021 agreement<\/a> that safeguarded it from liability for the two deadly 737 Max accidents.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>General Electric subsidiary GE Aerospace is building a hybrid electric engine to <\/strong><strong>power next-generation narrow-body jets<\/strong>, which could reach markets as soon as the middle of next decade, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/ge-aerospace-developing-hybrid-engines-single-aisle-jets-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. The firm says it has concluded the initial tests of the hybrid components and a baseline test of the engine, and now plans to test the two together, the newswire says. The company is working with France's Safran to test open-bladed jets for medium-haul jets, which could cut down on fuel use and emissions by up to 20%.<\/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>US forces destroyed three uncrewed Houthi surface vessels in the Red Sea<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-military-says-it-destroyed-three-houthi-vessels-red-sea-2024-06-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The Houthis launched three anti-ballistic missiles into the Gulf of Aden, yet no significant damage or injuries were reported by cargo vessels or US Central Command. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Greek-owned <\/strong><strong>bulk carrier The Tutor has sunk after being struck by a Houthi boat-borne bomb and missiles last week as it transited the Red Sea<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/salvage-firm-confirms-sinking-greek-owned-tutor-struck-by-houthis-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. The vessel was attacked by an unmanned surface boat, a number of drones, and ballistic missiles, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/merchant-ship-hit-by-small-vessel-red-sea-ukmto-says-2024-06-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported at the time of the attack. The bombardment caused \u201csevere flooding and damage to the engine room,\u201d according to a CENTCOM statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>wo civilian ships and an American destroyer were targeted last<\/strong><strong> week<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-say-they-attacked-two-ships-american-destroyer-2024-06-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement from spokesperson Yahya Saree. The group said they fired ballistic missiles at the American destroyer, missiles at a ship dubbed Captain Paris, and drones at a ship named Happy Condor. The US has since said the Houthis\u2019 statement is \u201ccategorically false,\u201d and that the group was not able to carry out a successful attack on the destroyer, according to a separate <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-military-says-it-destroyed-three-houthi-vessels-red-sea-2024-06-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Houthi drones <\/strong><strong>more recently targeted two cement tankers and two cargo ships <\/strong><strong>docked at Haifa Port<\/strong> on Saturday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-claim-attack-four-ships-israels-haifa-port-2024-06-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement from Houthi spokesperson Yahya Saree. The Israeli military has yet to comment on the incident and Reuters has not independently verified the attack, which the Houthis say was a joint operation with the Islamic Resistance in Iraq, the newswire writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vessel attacks in the Red Sea have doubled this month<\/strong>, with 10 Houthi strikes recorded so far, up from five in May, marine war risk and insurance analyst Vessel Protect operations head Munro Anderson told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/shipping-industry-urges-red-sea-action-houthis-sink-second-vessel-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>eafarers are increasingly becoming less willing to sail through the Red Sea region<\/strong>, an unnamed industry source told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/trauma-red-sea-attacks-adds-seafarer-shortage-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cI weighed what was more important - my life, or a better income?\u201d seafarer Costas Rassias told the newswire, after surviving a Houthi missile attack on a vessel he was manning.<\/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<\/strong><strong> pri<\/strong><strong>ces eased in early morning trading amid concerns on sustained high interest rates <\/strong><strong>and a strong <\/strong><strong>greenback<\/strong><strong>, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-extends-losses-strong-dollar-weighs-commodities-markets-2024-06-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. Brent crude futures dipped to USD 85.19 a barrel, while US West Texas Intermediate (WTI) futures settled at USD 80.66. \u201cThe USD has opened bid this morning and appears to have broken higher following better US PMI data on Friday night and political concerns ahead of the French election,\" IG market analyst Tony Sycamore told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Baltic index makes gains buoyed by capesize:<\/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 0.7% to 1,997 points on Friday, logging a weekly gain, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-logs-weekly-gain-on-strong-capesize-demand\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The capesize segment rose 2.1% to 3,142 points, the highest level since 10 May, while the panamax index fell 2.1% to 1,827 points. The smaller supramax index rose 0.7% to 1,398 points. <\/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 issue for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/airbus\/\">Airbus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/boeing\/\">Boeing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/houthi\/\">Houthi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/red-sea\/\">Red Sea<\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"79248\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/saudis-pif-and-ardian-to-grab-37-6-stake-of-heathrow-airport\/\">\r\n                            Saudi\u2019s PIF and Ardian to grab 37.6% stake of Heathrow Airport                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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<\/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\/24\/saudis-pif-and-ardian-to-grab-37-6-stake-of-heathrow-airport\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79249\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/saudis-pif-and-ardian-to-grab-37-6-stake-of-heathrow-airport\/1341-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1341.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1341.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79248\" class=\"content-area-description single-story post-79248 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-aviation tag-ma-watch 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\/.905f6904-4722-4da2-9bae-8a0fc5891fb6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A revised play for Heathrow: <\/strong>The Public Investment Fund (PIF) and Paris-based equity firm Ardian have reached a revised agreement with Spanish infrastructure company Ferrovial for the acquisition of part of its stake in London\u2019s Heathrow Airport, according to statements from Ferrovial and Ardian (<a target=\"_blank\" href=\"https:\/\/newsroom.ferrovial.com\/en\/press_releases\/communication-about-the-sale-process-of-heathrows-shares\/\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ardian.com\/news-insights\/press-releases\/ardian-enters-revised-agreement-ferrovial-acquire-226-stake-heathrow\" style=\"\" rel=\"noopener\">here<\/a>). The revised agreement will see the PIF and Ardian acquire a 37.6% stake in the airport for GBP 3.3 bn (c.USD 4.1 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> Ferrovial has been looking in the past months to divest its entire stake in FGP Topco, the airport\u2019s parent company. Under the revised agreement, the PIF will acquire a 15% stake in FGP Topco, while Ardian will take control of a 22.6% stake, according to the statement. The acquisitions will be executed through separate vehicles. PIF had previously entered a binding agreement with FGP Topco <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fd07d732-6415-45fc-a431-f60cb6ba06a8\" style=\"\" rel=\"noopener\">in November<\/a> to acquire a 10% stake. The previous agreement also included Ardian grabbing a 15% stake, bringing the total value of the agreement at the time to GBP 2.4 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been months in the making, with a major sticking point to resolve: <\/strong>The revised agreement comes after some of FGP Topco shareholders exercised their tag-along rights as they look to offload a 35% stake, according to Ferrovial. The shareholders had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0400c38d-a07d-41f9-b452-c05843dc7c32\/another-35%2525-of-london%253cmark%253e-heathrow%253c%2Fmark%253e-airport-is-reportedly-up-for-grabs\" style=\"\" rel=\"noopener\">demanded<\/a> that they be bought out to avoid blocking the full sale. The transaction remains subject to the right of first offer and full tag-along rights that could be exercised by other Topco shareholders. It also remains subject to regulatory approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>If a shareholder exercises tag-along rights, the buyer must take their shares at the same price it offered other shareholders \u2014 or walk away.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79250\" 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=\"79250\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\">\r\n                            DP World eyes USD 3 bn in port investments in Africa                        <\/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\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\" 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\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/')\">\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\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\">\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 eyes USD 3 bn in port investments in Africa&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\">\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\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/&title=DP World eyes USD 3 bn in port investments in Africa\">\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+eyes+USD+3+bn+in+port+investments+in+Africa+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Fdp-world-eyes-usd-3-bn-in-port-investments-in-africa%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\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1481.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79251\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/1481-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1481.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1481.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1481.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1481.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79250\" class=\"content-area-description single-story post-79250 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-dp-world tag-investment-watch 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\/.d4bf9f95-72d1-40de-bf10-a691674874a5.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World plans to shell out USD 3 bn on new port infrastructure in Africa over the next <\/strong><strong>three to five years,<\/strong> DP World CEO and Managing Director for sub-Saharan Africa Mohammed Akoojee told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-13\/dp-world-plans-3-billion-investment-in-african-ports-by-2029\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an interview. The logistics giant is considering investments in the partial privatization of South African rail, port, and pipeline company Transnet, and the port of Lamu in Kenya, where there is also a privatization process underway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> The investment target comes on the back of the region\u2019s long-term growth potential, Akoojee said, adding that \u201cthe cost of logistics and supply chain across Africa is very high relative to other global markets.\u201d Heightened demand for critical minerals also signals the need for greater logistics capacity. \u201cWe\u2019ve seen demand increasing over the last few years, largely driven by the whole electrification drive globally and the demand for commodities like cobalt, lithium,\u201d Akoojee added.<\/p>\n<p class=\"tag-border-left\"> <strong>IN OTHER DP WORLD NEWS<\/strong>- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The Callao port expansion project is complete: <\/strong>The logistics giant has completed its USD 400 mn Bicentennial Pier expansion project at Callao port in Peru, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/news\/releases\/peruvian-trade-set-for-boost-as-dp-world-completes-400m-callao-port-expansion\/\" style=\"\" rel=\"noopener\">press release<\/a>. The expansion boosts the port\u2019s container handling capacity by 80%, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The expansion has extended the pier from 650 to over 1k meters, making Callao one of few ports in South America able to accommodate three vessels simultaneously. The port\u2019s handling capacity has increased from 1.5 mn TEUs per year to 2.7 mn TEUs, while the container yard space has expanded to 40 hectares. The project also involved the addition of 14 electric cranes and 20 electric ITVs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>DP World commenced the expansion project in September 2021 with an initial investment of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3cea2736-fc61-4367-aaa1-182d9913758d\/dp-world-invests-over-usd-500-mn-to-expand-operations-in-latin-america\" style=\"\" rel=\"noopener\">USD 350 mn<\/a>. The Port of Callao handles almost 90% of Peru\u2019s container traffic, with DP World managing around 60% of the port\u2019s containerized cargo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>DP World has more than doubled its container shipping capacity at Romania\u2019s<\/strong><strong> Constanta port<\/strong>, which is part of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/149577af-5e0b-402f-bcb7-f26e7cac1403\/dp-world-pumps-eur-130-mn-of-investments-into%253cmark%253e-romania%253c%2Fmark%253e-to-boost-trade\" style=\"\" rel=\"noopener\">EUR 130 mn investment<\/a> by the company to boost its cargo capacity in the country, DP World Romania CEO Cosmin Carstea told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/dp-world-romania-doubles-container-shipping-capacity-black-sea-port-2024-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> in an interview. The company\u2019s container shipping capacity has now surged to 1.5 mn (TEUs) from the 700k TEUs handled in the year prior, Carstea said. The facilities can increase flows by some 2mn metric tons per year, the newswire added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Some EUR 65 mn of the investment went into new facilities at Constanta port, including a 5-hectare cargo terminal catering to heavy, large, and complex cargo and roll on\/roll off (RoRo) vessels. The investment \u2014 which targets three sites in Romania \u2014 is expected to boost cargo volumes by some 2 mn tonnes a year, strengthening trade links between Black, North, and Adraitic seas, and mainland Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>The company <\/strong><strong>is also looking to invest in Thailand\u2019s Land Bridge project<\/strong> \u2014 a logistics corridor connecting Chumphon in the Gulf of Thailand to Ranong on the Andaman Coast, <a target=\"_blank\" href=\"https:\/\/www.bangkokpost.com\/business\/investment\/2814046\/uae-logistics-firm-to-hold-talks-with-srettha\" style=\"\" rel=\"noopener\">Bangkok Post<\/a> reports, citing a statement from Thailand\u2019s Transport Minister Suriya Juangroongruangkit. DP World Chairman and CEO Sultan Ahmed bin Sulayem is set to meet with Thai Prime Minister Srettha Thavisin next month on 1 July to discuss the matter. Thailand said it was looking for investors for the Land Bridge Project \u2014 set to cost THB 1 tn \u2014 back in September, <a target=\"_blank\" href=\"https:\/\/www.bangkokpost.com\/thailand\/general\/2651058\/land-bridge-project-to-attract-investors\" style=\"\" rel=\"noopener\">Bangkok Post<\/a> reported at the time. The project, first revealed in 2021, looks to boost connectivity in the southern Andaman region. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79252 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"79252\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/79252\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79252\" class=\"content-area-description single-story post-79252 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79253\" 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=\"79253\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/\">\r\n                            Qatar Airways is set to acquire stakes in RwandAir                        <\/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\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/\" 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\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/')\">\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\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Qatar Airways is set to acquire stakes in RwandAir&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/\">\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\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/&title=Qatar Airways is set to acquire stakes in RwandAir\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Qatar+Airways+is+set+to+acquire+stakes+in+RwandAir+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Fqatar-airways-is-set-to-acquire-stakes-in-rwandair%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\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/298.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79254\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/qatar-airways-is-set-to-acquire-stakes-in-rwandair\/298-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/298.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"298.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/298.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/298.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79253\" class=\"content-area-description single-story post-79253 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-aviation tag-ma-watch tag-qatar tag-qatar-airway 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\/.234b6218-1c03-4e6d-927f-f707d4f36895.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Qatar Airways is set to close a 49% stake acquisition of RwandAir as early as<\/strong><strong> next month<\/strong>, RwandAir CEO Yvonne Makolo told <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8b271a70-2386-45cd-b203-6fd79be00258\" style=\"\" rel=\"noopener\">The Financial Times<\/a>. The transaction has been in the making for the past five years and will allow RwandAir to expand its fleet and operations as Boeing projects intra-African passenger traffic to quadruple in the next two decades, Makolo added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar + Rwanda have been friends for a while: <\/strong>Qatar Airways acquired a 60% stake in a USD 1.3 bn international airport development in Rwanda <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/business\/finance\/qatar-airways-to-take-60-stake-in-new-rwandan-international-airport-idUSL8N28J532\/\" style=\"\" rel=\"noopener\">back in 2019<\/a>, which is slated for completion in 2027. The carrier also inaugurated its first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/736990cd-5366-4e97-bfac-f9c791116ef8\/qatar-airways-cargo-launches-its-first-cargo-hub-outside-of-qatar\" style=\"\" rel=\"noopener\">cargo hub<\/a> outside of Qatar last year at Kigali International Airport in Rwanda in partnership with RwandAir. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RwandAir has been doubling down on fleet expansions: <\/strong>The African airline is aiming to double its 13-aircraft fleet to 25 planes and expand its network to 39 destinations over the next five years to widen its reach, including to the Middle East, Makolo <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d28302ee-5490-459d-a2b7-babfc6213190\/%253cmark%253erwandair%253c%2Fmark%253e-plans-to-expand-operations-in-mena-%2B-ksa-launches-center-for-economic-zones.-plus:-more-from-the-uae,-oman-post,-the-suez-canal,-and-gms\" style=\"\" rel=\"noopener\">said<\/a> last year. The carrier has been eyeing increasing flights to existing routes such as Doha and Dubai as well as other destinations. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar-airway\/\">Qatar Airway<\/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=\"79255\" 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=\"79255\">\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\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/\">\r\n                            Dubai's Dar Al Handasah snaps up Kuwait Int\u2019l Airport development contract                        <\/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\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/\" 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\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/')\">\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\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dubai's Dar Al Handasah snaps up Kuwait Int\u2019l Airport development contract&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/\">\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\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/&title=Dubai's Dar Al Handasah snaps up Kuwait Int\u2019l Airport development contract\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai%27s+Dar+Al+Handasah+snaps+up+Kuwait+Int%E2%80%99l+Airport+development+contract+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Fdubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract%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\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1479.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79256\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/dubais-dar-al-handasah-snaps-up-kuwait-intl-airport-development-contract\/1479-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1479.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1479.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1479.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1479.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79255\" class=\"content-area-description single-story post-79255 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-kuwait tag-projects 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\/8\/.bc2a7d84-d818-4909-8ad3-1d4e5c19d4e7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Dar Al Handasah awarded Kuwait Int\u2019l Airport contract<\/strong><strong>:<\/strong> Dubai-based engineering consultancy Dar Al Handasah has inked a five-year contract with Kuwait\u2019s Directorate General of Civil Aviation (DGCA) to supervise construction and design for several facilities at Kuwait International Airport, according to a <a target=\"_blank\" href=\"https:\/\/www.dar.com\/news\/details\/dar-appointed-for-major-aviation-project-in-kuwait?org=news\" style=\"\" rel=\"noopener\">statement<\/a>. The investment ticket for the project was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> The project is set to boost the central runway and associated taxiways by 4.3k meters and expand the airport\u2019s cargo apron to 1.5 km sq to accommodate 77 aircraft stands. The expansion will also add a new VVIP (Amiri) Apron with dedicated aircraft stands and a run-up area. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline:<\/strong> Under the contract, Dar Al Handasah will spend 1.5 years on the design phase and will supervise construction which is expected to take around 3.5 years, the statement notes.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/projects\/\">PROJECTS<\/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=\"79257 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=\"79257\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/79257\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79257\" class=\"content-area-description single-story post-79257 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79258\" 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=\"79258\">\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\">STORAGE + WAREHOUSES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/\">\r\n                            Silal inaugurates mega Kezad food distribution facility                        <\/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\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/\" 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\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/')\">\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\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/\">\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=Silal inaugurates mega Kezad food distribution facility&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/\">\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\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/&title=Silal inaugurates mega Kezad food distribution facility\">\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=Silal+inaugurates+mega+Kezad+food+distribution+facility+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Fsilal-inaugurates-mega-kezad-food-distribution-facility%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\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1477.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79259\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/silal-inaugurates-mega-kezad-food-distribution-facility\/1477-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1477.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1477.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1477.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1477.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79258\" class=\"content-area-description single-story post-79258 post type-post status-publish format-standard has-post-thumbnail hentry category-storage-warehouses tag-kezad tag-logistics-zone tag-storage-warehouses tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6e0fdc0d-946c-4469-9744-45739fe48550.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based agri-food and technology outfit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.silal.ae\/\" style=\"\" rel=\"noopener\">Silal<\/a><\/strong><strong> has launched one of the largest <\/strong><strong>food distribution facilities in the UAE at the Khalifa Economic Zones Abu Dhabi (Kezad)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/environment\/silal-inaugurates-one-of-uaes-largest-food-distribution-facilities-at-kezad\/\" style=\"\" rel=\"noopener\">press release<\/a>. The 41k square meter facility has a capacity of over 36k pallet positions and includes a state-of-the-art cold storage area.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details: <\/strong>The facility, equipped with cutting-edge technologies and infrastructure, will serve as a major food distribution hub and optimize transportation through a 38-dock loading area, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Silal: <\/strong>Launched by ADQ in 2020, <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/silal\/\" style=\"\" rel=\"noopener\">Silal<\/a> aims to enhance agriculture and food safety in Abu Dhabi by diversifying and stimulating food production sources through technology, research, and knowledge-sharing initiatives for farmers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/kezad\/\">KEZAD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics-zone\/\">logistics zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79260\" 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=\"79260\">\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\">Rail<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/\">\r\n                            Iran\u2019s 37km Rasht-Caspian railway is now operational                        <\/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\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/\" 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\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/')\">\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\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/\">\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=Iran\u2019s 37km Rasht-Caspian railway is now operational&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/\">\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\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/&title=Iran\u2019s 37km Rasht-Caspian railway is now operational\">\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=Iran%E2%80%99s+37km+Rasht-Caspian+railway+is+now+operational+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Firans-37km-rasht-caspian-railway-is-now-operational%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\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1966.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79261\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/irans-37km-rasht-caspian-railway-is-now-operational\/1966-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1966.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1966.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1966.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1966.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79260\" class=\"content-area-description single-story post-79260 post type-post status-publish format-standard has-post-thumbnail hentry category-rail tag-cargo tag-iran tag-rail tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.7d874d1c-bf1d-405e-b313-5441e5329ee2.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>I<\/strong><strong>ran\u2019s 37 km Rasht-Caspian <\/strong><strong>railway <\/strong><strong>is now operational connecting the Persian Gulf to the <\/strong><strong>Caspian Sea in a bid to boost trade links between the two regions<\/strong>, <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85515033\/Iran-opens-Caspian-railway-line-to-boost-trade\" style=\"\" rel=\"noopener\">IRNA<\/a> reports. Located in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/62f7d912-1540-45b7-8e75-26ef5f7ba276\/today:-pakistan-%2B-dubai-ink-investment-framework-agreements-on-rail-and-a-new-economic-zone\" style=\"\" rel=\"noopener\">Gilan Province<\/a>, the USD 720 mn project forms part of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d62e806c-caac-4f39-b1a3-fd7e1a3764ab\" style=\"\" rel=\"noopener\">International North-South Transport Corridor<\/a> (INSTC) and was set to be inaugurated <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2024\/05\/28\/3094022\/rasht-caspian-railway-to-be-inaugurated-today\" style=\"\" rel=\"noopener\">nearly a month ago<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details: <\/strong>The railway has a carrying capacity of 7 mn tons and will allow direct freight transport from the Caspian Sea to the Persian Gulf via the country\u2019s existing railway network, CEO of Iran\u2019s Construction and Development of Transportation Infrastructures Company Kheirollah Khadem said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d62e806c-caac-4f39-b1a3-fd7e1a3764ab\" style=\"\" rel=\"noopener\">7.2 km INSTC<\/a> links Russia, India, Iran, and Azerbaijan via ship, rail, and road routes. Iran and Russia inked a EUR 1.6 bn agreement in May 2023 to build the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6779dbde-de87-427d-af2e-f500dff48b90\" style=\"\" rel=\"noopener\">Rasht-Astara railway<\/a> to complete the INSTC. In November 2023, Iran began operations for its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d62e806c-caac-4f39-b1a3-fd7e1a3764ab\" style=\"\" rel=\"noopener\">Hamedan-Sanandaj<\/a> railway in a bid to set up the INSTC. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/cargo\/\">CARGO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79262\" 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=\"79262\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Startup Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/\">\r\n                            Iraq\u2019s Orisdi secures six-figure bridge round to expand operations                        <\/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\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/\" 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\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/')\">\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\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/\">\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=Iraq\u2019s Orisdi secures six-figure bridge round to expand operations&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/\">\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\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/&title=Iraq\u2019s Orisdi secures six-figure bridge round to expand operations\">\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=Iraq%E2%80%99s+Orisdi+secures+six-figure+bridge+round+to+expand+operations+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Firaqs-orisdi-secures-six-figure-bridge-round-to-expand-operations%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\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1475.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79263\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/iraqs-orisdi-secures-six-figure-bridge-round-to-expand-operations\/1475-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1475.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1475.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1475.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1475.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79262\" class=\"content-area-description single-story post-79262 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-e-commerce tag-iraq tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6574a798-12f9-49f5-86ce-42bb121f7dd0.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iraq-based e-commerce platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/orisdi.com\/en\" style=\"\" rel=\"noopener\">Orisdi<\/a><\/strong><strong> closed an undisclosed six-figure bridge round <\/strong><strong>in a bid to expand its domestic e-commerce trade<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/1290.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The round of investment \u2014 which closed in April \u2014 drew fresh funding from new and existing participants including Al Sharqiya TV Group, Iraq Venture Partners, and a number of individual investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go? <\/strong>Orisdi will use the funds to solidify business development efforts \u2014 which include expanding successful product categories \u2014 and expand its e-commerce foothold in Iraq, according to the statement. The startup aims to achieve profitability this year, CEO Ahmed Al Kiremli said in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About <\/strong><strong>Orisidi<\/strong><strong>: <\/strong>Founded in 2019, Orisdi is an e-commerce platform that offers products including perfumes, cosmetics, appliances, and health and beauty products. The company saw its bottomline increase 28.67% y-o-y in 2023 and recorded substantial improvements in profitability margins. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79264\" 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=\"79264\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/warehouses-cargo-and-port-updates-from-kuwait-uae-and-ksa\/\">\r\n                            Warehouses, cargo, and port updates from Kuwait, 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\/24\/warehouses-cargo-and-port-updates-from-kuwait-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\/24\/warehouses-cargo-and-port-updates-from-kuwait-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\/24\/warehouses-cargo-and-port-updates-from-kuwait-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=Warehouses, cargo, and port updates from Kuwait, UAE and KSA&url=https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/warehouses-cargo-and-port-updates-from-kuwait-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\/24\/warehouses-cargo-and-port-updates-from-kuwait-uae-and-ksa\/&title=Warehouses, cargo, and port updates from Kuwait, 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=Warehouses%2C+cargo%2C+and+port+updates+from+Kuwait%2C+UAE+and+KSA+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F06%2F24%2Fwarehouses-cargo-and-port-updates-from-kuwait-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\/24\/warehouses-cargo-and-port-updates-from-kuwait-uae-and-ksa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1411.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79265\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/warehouses-cargo-and-port-updates-from-kuwait-uae-and-ksa\/1411-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1411.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1411.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1411.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1411.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79264\" class=\"content-area-description single-story post-79264 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-cargo tag-equipment tag-kuwait tag-ports tag-saudi-arabia tag-storage-warehouses tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.0ad4ada7-45fb-4c8f-81e4-569e22367718.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">STORAGE + WAREHOUSES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait Petroleum Corporation (KPC) has inked an MoU with Korea National Oil <\/strong><strong>Corporation (KNOC) to store <\/strong><strong>4 mn oil barrel<\/strong><strong>s in South Korea\u2019s Ulsan City<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3159893\" style=\"\" rel=\"noopener\">Kuna<\/a> reports. The agreement is in line with the company\u2019s strategy of storing oil near vital markets to better facilitate the delivery of Kuwaiti oil to the Asian continent.<\/p>\n<p class=\"tag-border-left\">CARGO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>UAE\u2019s Etihad Cargo has launched direct eBooking integration with Global <\/strong><strong>Logistics provider Kuehne+Nagel<\/strong>, giving customers access to real-time capacity and pricing, according to a <a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\/news\/etihad-cargo-enhances-direct-ebooking-connectivity-with-kuehne-nagel-integration\" style=\"\" rel=\"noopener\">press release<\/a>. Kuehne+Nagel will benefit from access to Etihad\u2019s expansive network, which will allow the efficient booking of cargo space. The partnership will leverage advanced web services to offer more transparency, efficiency, speed, and flexibility for booking with Etihad, according to the statement.<\/p>\n<p class=\"tag-border-left\">EQUIPMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s King AbdulAziz Port gets new equipment<\/strong><strong>:<\/strong> The Saudi Ports Authority (Mawani) has added three new quay cranes with automated operation capabilities and three rubber-tyred gantry cranes at Dammam\u2019s King AbdulAziz Port, according to a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=190624\" style=\"\" rel=\"noopener\">statement<\/a>. The new cranes, able to reach at least 25 rows, should allow the port to service larger ships. <\/p>\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>Jeddah Islamic Port getting new recycling facility: <\/strong>The Saudi Ports Authority (Mawani) has inked a contract with waste management outfit Reviva to establish a SAR 30 mn marine and industrial waste recycling facility at Jeddah Islamic Port, according to a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=230624&amp;language=ar\" style=\"\" rel=\"noopener\">press release<\/a>. The 10k square meter facility aims to convert waste into valuable resources in line with Saudi Arabia\u2019s National Transport and Logistics Strategy (NTLS), which aims to transform the Kingdom to a global maritime and logistics hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Qatar + Cuba to boost civil aviation: <\/strong>The Qatari General Civil Aviation Authority has inked an MoU with Cuba\u2019s Civil Aviation Authority to strengthen cooperation in civil aviation between the two countries. (<a target=\"_blank\" href=\"https:\/\/www.qna.org.qa\/en\/News-Area\/News\/2024-06\/11\/0081-qcaa-signs-mou-with-cuban-counterpart-to-reinforce-cooperation\" style=\"\" rel=\"noopener\">QNA<\/a>)<\/li>\n<li><strong>Deliveroo UAE brings electric bikes to Dubai: <\/strong>Deliveroo UAE, in collaboration with EEE Moto and EcoWay, is piloting the use of electric bikes for sustainable delivery in Dubai. (<a target=\"_blank\" href=\"https:\/\/www.adsmehub.ae\/en\/explore\/post-details\/deliveroo-launches-electric-bikes-pilot-for-sustainable-delivery\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>US fines Emirates for operating in prohibited airspace:<\/strong> The US has fined Emirates airline for USD 1.5 mn for operating flights carrying JetBlue Airways\u2019 designator code in prohibited airspace. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/us-fines-emirates-15-million-operating-prohibited-airspace-2024-06-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>Uganda gets seven cargo planes from UAE: <\/strong>UAE Prince Sheikh Mohammed Bin Maktoum Bin Jumah Al Maktoum will provide Uganda with seven cargo planes to help boost its agro exports. (<a target=\"_blank\" href=\"https:\/\/chimpreports.com\/uae-prince-to-provide-7-cargo-planes-for-ugandas-agro-exports\/#google_vignette\" style=\"\" rel=\"noopener\">ChimpReports<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/cargo\/\">CARGO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/equipment\/\">EQUIPMENT<\/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\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79266\" 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\/24\/79266\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79266\" class=\"content-area-description single-story post-79266 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>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\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>PIF + Ardian hammer out Heathrow acquisition | DP World was busy during the Eid break | Qatar Airways set to snap up RwandAir stakes<\/p>\n","protected":false},"featured_media":79244,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-79243","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"486e97ae-5991-48ff-9fce-f3612ce7ace5","teaser":"PIF + Ardian hammer out Heathrow acquisition | DP World was busy during the Eid break | Qatar Airways set to snap up RwandAir stakes","photo_url":"https:\/\/ent.news\/2024\/1\/1068.jpeg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO 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