{"id":80284,"date":"2024-08-12T00:00:00","date_gmt":"2024-08-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=80284"},"modified":"2025-12-15T15:06:00","modified_gmt":"2025-12-15T15:06:00","slug":"egypt-and-uae-ink-three-project-agreements-worth-usd-bns-of-investments","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/egypt-and-uae-ink-three-project-agreements-worth-usd-bns-of-investments\/","title":{"rendered":"Egypt and UAE ink three project agreements worth USD bns of investments"},"content":{"rendered":"<section id=\"80286\" 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=\"80286\">\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\/08\/12\/today-lots-of-projects-in-egypt-dar-will-build-ethiopias-new-airport\/\">\r\n                            TODAY: Lots of projects in Egypt. Dar will build Ethiopia\u2019s new 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\" 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\/08\/12\/today-lots-of-projects-in-egypt-dar-will-build-ethiopias-new-airport\/\" 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\/08\/12\/today-lots-of-projects-in-egypt-dar-will-build-ethiopias-new-airport\/')\">\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\/08\/12\/today-lots-of-projects-in-egypt-dar-will-build-ethiopias-new-airport\/\">\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=TODAY: Lots of projects in Egypt. 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First, let\u2019s unpack some M&A and expansion stories we\u2019re tracking\u2026<\/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- GulfNav\u2019s Brooge acquisition could take place this month: <\/strong>Nasdaq-listed Brooge Energy will hold an extraordinary general assembly on 26 August to appoint a new board of directors that will initiate signing procedures for its merger with maritime and shipping company GulfNav, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-08-11-1.4917385\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. An undisclosed financial firm was hired to evaluate the transaction, while <a target=\"_blank\" href=\"https:\/\/www.hadefpartners.com\/\" style=\"\" rel=\"noopener\">Hadef & Partners<\/a> and Middle East Alliance Legal Consultancy (<a target=\"_blank\" href=\"https:\/\/me-alliance.com\/\" style=\"\" rel=\"noopener\">ME-Alliance<\/a>) are handling legal affairs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Gulfnav <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5da4d7d8-fb11-4388-b8ea-ff93766649c4\" style=\"\" rel=\"noopener\">submitted<\/a> a proposal earlier in the year for the structure of the acquisition of oil storage outfit Brooge Petroleum and Gas Investment Company to the Securities and Commodities Authority, after submitting a proposal to fully acquire the company from Brooge Energy back in October 2023. The acquisition was initially expected to close in 4Q 2023. GulfNav said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/468a61a0-7b68-4105-894d-324f9c7b1294\/%253cmark%253egulfnav%253c%2Fmark%253e-to-complete-brooge-acquisition-in-eight-weeks\" style=\"\" rel=\"noopener\">last month<\/a> it aims to complete the evaluation within the coming weeks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- Agility\u2019s ground handling subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/menziesaviation.com\/\" style=\"\" rel=\"noopener\">Menzies Aviation<\/a><\/strong><strong> plans to make an \u201caggressive\u201d <\/strong><strong>expansion in the GCC \u2014 including the UAE and KSA \u2014 over the next five years<\/strong>, Chairman Hassan El-Houry told <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/aviation\/kuwaiti-owned-menzies-aviation-wants-to-make-a-push-into-saudi-arabia-uae-1.1723177713872\" style=\"\" rel=\"noopener\">Gulf News<\/a>. \u201cSaudi Arabia aims to triple its number of passengers to 250 mn by 2030. They plan to invest USD 100 bn in aviation infrastructure to achieve this. We want to be a part of that and will be,\u201d El-Houry told the news outlet. Menzies Aviation recently launched operations in Spain, Portugal, Hong Kong, Jamaica, Peru, and Panama with operational presence in over 295 airports across 65 countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Adnoc L&S is set to leverage its \u201cstrong cash flow after dividends and strong debt <\/strong><strong>capacity\u201d to invest in more acquisitions<\/strong>, CFO Nicholas Gleeson told Bloomberg in an interview (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-08-08\/cfo-adnoc-l-s-plans-to-raise-debt-to-fund-acquisitions-video\" style=\"\" rel=\"noopener\">watch, runtime: 04:50<\/a>) on Thursday. As a result of recent acquisitions, the firm now has \u201coffices around the world to extend our shipping capabilities,\u201d Glesson said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Andoc remains positive but wary of ongoing geopolitical tensions<\/strong>. Although the industry is \u201calmost fully adapted\u201d to the ongoing Red Sea disruptions, we are seeing a \u201ctightening in pricing across the industry,\u201d Glesson warned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Adnoc\u2019s logistics arm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/88d91cce-5ffc-48fc-8e64-62324501ad78\/2q-earnings-flow-in-from-adnoc-l&s,-sal,-and-nakilat\" style=\"\" rel=\"noopener\">recorded a 28% y-o-y increase<\/a> in net income to USD 207.7 mn in 2Q 2024. The company attributes the strong performance to its growth strategy, which involves investing over USD 5 bn (AED 18.4 bn) in energy-related maritime logistics by 2028. The firm\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8e162f2-bb47-42db-8e47-73970f18b93f\/adnoc-l&s-acquires-80%2525-of%253cmark%253e-navig8%253c%2Fmark%253e-in-usd-1.04-bn-transaction\" style=\"\" rel=\"noopener\">recent acquisition of Navig8<\/a> is expected to give Adnoc L&S a boost, with the first full FY following the acquisition expected to see a minimum 20% boost to its earning per share.<\/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- Aramco expects to reach financial close on its planned stake purchase in EIG\u2019s LNG <\/strong><strong>unit MidOcean Energy this quarter<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1746909\" style=\"\" rel=\"noopener\">Argaam<\/a> quotes Aramco CEO Amin Nasser as saying in an investors\u2019 call last week. The oil giant <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6daa8e9c-1944-49a5-aa9e-44b3c11c414a\/aramco,-mapei-get-regulatory-approvals-for-separate-mergers-in-kuwait\" style=\"\" rel=\"noopener\">agreed in September 2023<\/a> to acquire a USD 500 mn minority stake in MidOcean Energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International expansion in the cards: <\/strong>The company will announce more investments in China this year or next, Nasser said without elaboration. South Korea and India are on the company\u2019s radar for potential investments, with expectations for potential tenders from Tokyo and Seoul, Nasser said, without providing further details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Aramco plans to increase its drilling rigs to 300 by the end of this year, and ramp up its gas operations by over 60% by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Iran is expanding its crude oil exports to new destinations as it boosts output<\/strong>, including Bangladesh, China, Oman, and Syria, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/irans-oil-finds-new-destinations-tehran-export-push-sources-say-2024-08-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. Iran, which does not need to abide by OPEC+ output quotas, aims to increase its production and exports. The country sold crude oil to 17 countries, including in Europe, in July, Iran\u2019s Mehr news agency said, citing Oil Ministry Javad Owji. Reuters could not corroborate these details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Circumventing US sanctions:<\/strong> Iran has used ship-to-ship transfers to sidestep US sanctions in their shipments to Bangladesh and Oman, US advocacy group United Against Nuclear Iran analyst Claire Jungman told the newswire. Cargo from a Liberia-flagged tanker was unloaded around Bangalesh\u2019s Chittagong port, after being loaded at Iran\u2019s Kharg Island in April, according to oil export tracking sources. A tanker suspected of holding Iranian crude delivered cargo to Oman\u2019s Sohar Port in June after loading via a ship-to-ship transfer from a vessel that loaded at Iran\u2019s Kharg Island, Jungman said. Iran has also launched cargo deliveries to China\u2019s Dalian port.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF IRAN- The country\u2019s airspace is a bit messy right now<\/strong><strong>: <\/strong>Several airlines have suspended flights, or rerouted to avoid Iranian and Lebanese airspace, over fears of a potentially expanding regional conflict, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/airlines-suspend-flights-middle-east-tensions-rise-2024-08-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The UK has urged its airlines to avoid Lebanese airspace from 8 August until 4 November over \u201cpotential risk to aviation from military activities.\u201d Egypt also asked their airlines to avoid Iranian and Lebanese airspace last week. \u201cAll Egyptian carriers shall avoid overflying Tehran (Flight Information Region). No flight plan will be accepted overflying such territory,\u201d according to a separate <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-asks-its-airlines-avoid-iran-air-space-three-hours-thursday-2024-08-07\/\" 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>Which airlines adjusted their services?<\/strong> Lufthansa extended its suspension of flights to and from Tel Aviv, Theran, Beirut, Amman, and Erbil until tomorrow. Singapore Airlines stopped flying over Iranian airspace and is diverting through alternative routes. Air Algerie suspended flights to and from Lebanon until further notice and Air India suspended flights to and from Tel Aviv until further notice. KLM canceled all its flights to and from Tel Aviv until 26 October. US carrier Delta Airlines extended its suspension of flights between New York and Tel Aviv until 31 August and United Airlines has paused all flights to and from Tel Aviv until further notice.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The UAE has banned oil tankers flying Eswatini\u2019s flag from arriving at <\/strong><strong>Emirati ports<\/strong>, distancing itself from vessels associated with transporting Russian oil, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-08\/uae-bans-eswatini-flagged-ships-in-fresh-shadow-fleet-crackdown\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday, citing a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/780.pdf\" style=\"\" rel=\"noopener\">government circular (pdf)<\/a> posted on the Port of Fujairah website. Eswatini is new in global shipping, with no ships sailing under its flag in 2023. While most of these ships' ownership is unclear, several Eswatini-flagged tankers have been involved in transporting oil produced in Russia and Iran, according to Kpler data.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first flag banned: <\/strong>The decision follows a circular at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ecaa34b-11ef-41a9-ad99-60ed877ca4b6\/this-morning:-world-bank-sees-stronger-growth-in-the-uae-%2B-we-have-five-days-left-until-davos\" style=\"\" rel=\"noopener\">beginning of the year<\/a>, which prohibited Cameroonian-flagged vessels due to concerns that many of the ships have been assembled to transport sanctioned Russian oil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Oil prices <\/strong><strong>stayed steady in early morning trading holding onto last week\u2019s gains <\/strong><strong>buoyed by Middle East tensions and cooling inflation in the US<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-holds-last-weeks-gains-buoyed-by-mideast-tensions-economic-data-2024-08-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures fell slightly by USD 0.07 to USD 79.59 a barrel by 00.21 GMT, while US West Texas Intermediate (WTI) futures rose by USD 0.02 to USD 76.86 a barrel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Russia went over its agreed upon OPEC+ production quota in July<\/strong>, exceeding the output target by some 67k bpd as a result of supply schedule issues, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/russia-topped-opec-oil-output-quota-july-will-compensate-2024-08-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing a statement from Russia\u2019s Energy Ministry. Russia\u2019s quota, including voluntary cuts, is set at 8.98 mn bpd for June to September. Russia has said it is committed to abiding by production quotas and will compensate for the surplus output in its August and September production levels. It also said it will compensate for its excess production over the last four months in October to November as well as March to September next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>OPEC+ urged members <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/85713ebe-cd3a-46fd-966e-be8cd0ccfef2\/today:-adnoc-sells-off-40%2525-of-ruwais-lng-%2B-gulfnav-set-to-acquire-brooge-by-3q\" style=\"\" rel=\"noopener\">last month<\/a> to make up for breaching supply quotas in an effort to stabilize global oil markets. In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54d158d4-5a72-498f-9604-196685f72a65\/%253cmark%253eopec%253c%2Fmark%253e%2B-extends-supply-cuts,-granting-the-uae-a-higher-production-quota-for-2025\" style=\"\" rel=\"noopener\">June<\/a>, OPEC+ decided to extend most of its crude oil production cuts well into 3Q 2024. The alliance will keep in place current production cuts of 3.66 mn barrels per day (bbl\/d) until the end of this September, before beginning to phase out the cuts of 2.2 mn bbl\/d over the course of a year from October 2024 to September 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>Baltic index eases after a week of gains:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 fell <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">0.8% to 1,670 points<\/a> on Friday. Capesize decreased 0.9% to 2,437 points, down for a second consecutive day. The panamax index was also down 1.3% to 1,599 points hitting a one-month low, while the supramax segment dipped 0.1% to 1,301 points. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>The Drewry World Container Index fell 3% to USD 5,551 per 40-ft container last <\/strong><strong>week<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\" rel=\"noopener\">latest index readings<\/a>. Spot rates for 40-ft containers are now 47% below the previous pandemic peak of USD 10,377 in September 2021, but 291% higher than the pre-pandemic rates of USD 1,420. <\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Jordan recorded a rise in exports to JOD 807 mn in the first seven months of this <\/strong><strong>year<\/strong>, up from JOD 798 mn the year prior, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AmmanChamber\/posts\/pfbid0kZmJCMqKrbv11CzK38MaKvv9Kqmg5kgLvFiG7NbJV2Rh4Vf4Z6itQwcMf28HMCQtl\" style=\"\" rel=\"noopener\">statement<\/a>. It also saw the number of certificates of origin issued grow by 5% y-o-y to 21.5k, rising from 20.5k last year. Iraq was the biggest recipient of exports, with a value of JOD 387 mn, followed by Saudi Arabia at JOD 64 mn, Egypt at JOD 61 mn, the UAE at JOD 52 mn, and Switzerland at JOD 50 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Cargo handled at Mawani\u2019s ports increased 9.1% y-o-y in July to 27.4 mn tons<\/strong>, the Saudi Ports Authority (Mawani) said in a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=08824&language=ar\" style=\"\" rel=\"noopener\">statement<\/a>. The number of import containers grew 15.7% y-o-y to 271.5k containers, while export containers declined 2.5% to 243.8k. Meanwhile, maritime traffic dropped 11.2% y-o-y last month, and the number of passengers dropped 32%, to 52.2k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Egypt\u2019s food exports were up 25% y-o-y in 1H 2024 to record USD 3.2 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=457655180416307\" style=\"\" rel=\"noopener\">statement<\/a> from the Egyptian Food Export Council. Exports to other Arab nations accounted for 52% of total food exports, while EU-bound exports accounted for 22%.<\/p>\n<p class=\"tag-border-left\">THE ENTERPRISE FINANCE FORUM- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are you planning to be in Egypt on 24 September? <\/strong>You may be interested in attending our 2024 Enterprise Finance Forum. Seating is strictly limited at our flagship, invitation-only forum for C-suite executives and other senior leaders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why attend? We\u2019re in the early days of a generational realignment of power in our <\/strong><strong>industry<\/strong> \u2014 in our region and beyond \u2014 and on the cusp of <strong>the biggest intergenerational transfer of wealth the world has ever seen<\/strong>. With that as the backdrop, we\u2019re going to take stock of where we stand six months after the float of the EGP and ask what\u2019s next for finance in Egypt and the wider region. Among the questions we\u2019ll be asking:<\/p>\n<ul>\n<li>What roles will Egypt, Saudi and the UAE play in the regional industry going forward? <\/li>\n<li>What are foreign investors looking for right now? <\/li>\n<li>Is real estate the only asset class in Egypt?<\/li>\n<li>What does the next generation of leaders think as they take over established family businesses? <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to request an invitation? <\/strong>Tap or click the image below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/272.jpg?ssl=1\"\/><\/a> <\/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>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudilogisticsexpo.com\/\" style=\"\" rel=\"noopener\">Saudi Warehousing and Logistics Expo<\/a><\/strong><strong> on Monday, 2 <\/strong><strong>September to Wednesday, 4 September <\/strong>in Riyadh. The event will bring together leaders in the supply chain, warehousing, and logistics industry from across the Kingdom to discuss investments, trade, geopolitical risks, and localized manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\" rel=\"noopener\">Egypt International Airshow<\/a><\/strong><strong> on Tuesday, 3 September to Thursday, <\/strong><strong>5 September <\/strong>in El Alamein. The event will host a range of discussions touching on industrialization, digitalization, and globalization in the regional commercial aviation sector. During the event, aircrafts and innovative aerospace products, and services will be showcased.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.skymovemena.com\/\" style=\"\" rel=\"noopener\">SkyMove MENA<\/a><\/strong><strong> on Tuesday, 10 September and Wednesday, 11 <\/strong><strong>September<\/strong> in Riyadh. The event will gather global industry stakeholders, experts, and service providers to discuss challenges in the regional aviation industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\" rel=\"noopener\">Saudi Maritime and Logistics Congress<\/a><\/strong><strong> on Wednesday, 18 <\/strong><strong>September and Thursday, 19 September<\/strong> in Dammam. The event will gather international industry leaders in the maritime sector to discuss a range of topics including interconnected logistics, supply chains, digitalization, decarbonization and workforce development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/gulfnav\/\">Gulfnav<\/a>\n                <!-- <span 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class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 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256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80289\" 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=\"80289\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/egypt-and-uae-ink-three-project-agreements-worth-usd-bns-of-investments\/\">\r\n                            Egypt and UAE ink three project agreements worth USD bns of investments                        <\/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\/08\/12\/egypt-and-uae-ink-three-project-agreements-worth-usd-bns-of-investments\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/965.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80290\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/egypt-and-uae-ink-three-project-agreements-worth-usd-bns-of-investments\/965-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/965.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"965.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/965.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/965.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80289\" class=\"content-area-description single-story post-80289 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-egypt tag-investment-watch tag-projects tag-trade tag-uae tag-zones wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.dc05bb44-07cf-4573-b537-2ce4063a8453.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati investments are flowing into Egypt:<\/strong> A series of meetings between Egyptian officials and Emirati government and business figures produced three new joint projects set to inject USD bns into Egypt\u2019s industrial sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">THE LOGISTICS ZONE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fujairah has inked <\/strong><strong>an MoU<\/strong><strong> with Egypt to build a USD 3 bn petroleum<\/strong><strong> logistics <\/strong><strong>zone at Al Hamra Port on the Mediterranean coast, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02fzpQJXPWqdi8dWK8QhZQwwJBeScCcG9kVtrKBscT1v2ihJc2KhikeBYX86QbEZV5l\" style=\"\" rel=\"noopener\">statement<\/a> by the Egyptian Cabinet. The construction of the zone is expected to take three years after kicking off in 1H 2025, following the completion of technical studies, a senior Egyptian official told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/50762\/%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D9%84%D9%88%D8%AC%D8%B3%D8%AA%D9%8A%D8%A9-%D8%A8%D8%AA%D8%B1%D9%88%D9%84%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a lot to be ironed out: <\/strong>The emirate is currently negotiating with Egypt\u2019s petroleum authority to decide on whether to develop the zone jointly at Al Hamra Port in El Alamein, or whether the emirate will acquire the plot independently for a fee, the official revealed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e76dd13f-0ff0-4b59-bffe-28f9b6255a94\/up-next:-drainage-infrastructure%3F#:~:text=%233%2D%20Borouge%20to,a%20statement.\" style=\"\" rel=\"noopener\">April<\/a>, the emirate signed a preliminary agreement with Egypt and Adnoc petrochemicals JV Borouge to set up a freezone focused on the production, storage and trade of oil and its derivatives. The emirate also discussed investing in Egypt\u2019s petroleum sector during a visit by Egyptian Petroleum minister Karim Badawi to Fujairah <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5edf312-f0fb-4346-9143-e1147a580f9d\/this-morning:-president-mohammed-bin-zayed-in-egypt-%2B-gcc-turkey-trade-talks-kick-off#:~:text=%231%2D%20Fujairah%20eyes,and%20Brooge%20Energy.\" style=\"\" rel=\"noopener\">last month<\/a>. The two sides talked about partnering to develop joint projects, aimed at enhancing the Egyptian sector\u2019s capacities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fujairah will help ramp up Egypt\u2019s energy supply: <\/strong>Under the agreement, Fujairah might export petroleum products to the local Egyptian market through Fujairah Oil Industry Zone\u2019s partnerships with global oil and gas suppliers, by \u201coffering a competitive edge to the Egyptian General Petroleum Corporation,\u201d the statement reads.<\/p>\n<p class=\"tag-border-left\">THE INDUSTRIAL ZONE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two sides are also in talks over setting <\/strong><strong>up an Emirati industrial zone in East Port Said<\/strong>, aimed at meeting local market needs and ramping up exports, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0gQX1GxhsZq3kk5L6d7acBYKwDTMwUVV5jA99FbMW58rNxUi1Ey9UpqQk8bYwPMmRl\" style=\"\" rel=\"noopener\">statement<\/a> from the Industry and Transport Ministry. The zone would leverage the geographic advantages of the area and its access to railways linking the zone with ports on the Mediterranean.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A variety of projects are on offer:<\/strong> The zone would include solar and wind energy projects alongside wastewater treatment and seawater desalination plants and an aluminum manufacturing complex, the statement said. The statement also suggested the government was exploring the option of making the zone a freezone or special economic zone exempt from customs duties.<\/p>\n<p class=\"tag-border-left\">THE MANUFACTURING FACILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hisense inks agreement for USD 38 mn manufacturing facility:<\/strong> Chinese electronics and household appliance manufacturer Hisense and the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/fbb.ae\/\" style=\"\" rel=\"noopener\">FBB Tech<\/a> have inked a contract with Chinese industrial developer Egypt TEDA to establish a USD 38 mn electronic devices manufacturing facility in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9760dea3-6012-468a-a90a-8c19bab38e71\/%253cmark%253eegypt%253c%2Fmark%253e-inks-14-agreements-with-chinese-firms-during-china-%253cmark%253eegypt%253c%2Fmark%253e-zhejiang-economic-forum\" style=\"\" rel=\"noopener\">China-Egypt TEDA trade zone<\/a> in Ain Sokhna, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0A9QJDtMqjr2nWVdvEtaMfCPRcooqouocJHxaUevtNrdgvpSrVRHyorXBKDuBR5nkl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The project will span 110k square meters and is poised to produce 2.5 mn units a year. The first phase of the project includes manufacturing TVs, monitors, and audio recorders, with 30% of production earmarked for the local market and 70% designated for exports to countries in the Middle East, East Africa, and Europe.<\/p>\n<p class=\"tag-border-left\">CHINA ALSO WANTS IN ON THE INVESTMENT SPREE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another Chinese project incoming? <\/strong>Chinese textile and garment manufacturer <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/jiangsu-lianfa-textile-co.-ltd\/\" style=\"\" rel=\"noopener\">Jiangsu Lianfa Textile<\/a> is looking to set up a USD 500 mn integrated complex for textile and ready-made garment production in Egypt, according to a <a target=\"_blank\" href=\"https:\/\/www.cabinet.gov.eg\/News\/Details\/76614\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The specs:<\/strong> Spanning 350k square meters, the planned facility is set to include several production lines. The Chinese company intends to export 90% of the facility\u2019s production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GAFI wants more:<\/strong> The investment authority has plans to organize forums and promotional tours to capture the attention of more emerging markets-focused Chinese investors, <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0BwG8hrkcTVsQtbjeveF7ZJrJ1tRTLutmRm7YURTGy8Ec7cDMeC5AKFLaaUGYQJsBl\" style=\"\" rel=\"noopener\">according to the General Authority for Investment and Freezones head Hossam Heiba<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80291\" 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=\"80291\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/sidara-subsidiary-dar-commissioned-to-design-ethiopias-new-usd-6-bn-airport\/\">\r\n                            Sidara subsidiary Dar commissioned to design Ethiopia\u2019s new USD 6 bn 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\" 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\/08\/12\/sidara-subsidiary-dar-commissioned-to-design-ethiopias-new-usd-6-bn-airport\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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href=\"https:\/\/api.whatsapp.com\/send?text=Sidara+subsidiary+Dar+commissioned+to+design+Ethiopia%E2%80%99s+new+USD+6+bn+airport+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F12%2Fsidara-subsidiary-dar-commissioned-to-design-ethiopias-new-usd-6-bn-airport%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\/08\/12\/sidara-subsidiary-dar-commissioned-to-design-ethiopias-new-usd-6-bn-airport\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/963.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80292\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/sidara-subsidiary-dar-commissioned-to-design-ethiopias-new-usd-6-bn-airport\/963-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/963.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"963.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/963.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/963.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80291\" class=\"content-area-description single-story post-80291 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-ethiopia 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\/8\/.130abf4e-18d9-4047-9695-ac1870e3f0dd.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based Sidara\u2019s engineering<\/strong><strong> consultancy subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sidaracollaborative.com\/news\/Dar-Group-becomes-Sidara\" style=\"\" rel=\"noopener\">Dar Al Handasah<\/a><\/strong> <strong> has signed an MoU with <\/strong><strong>Ethiopian Airlines for the design of a new USD 6 bn airport<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/ethiopian-airlines-signs-deal-design-biggest-airport-africa-2024-08-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing comments made at a press conference with Ethiopian Airlines\u2019 CEO Mesfin Tasew. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What we know: <\/strong><span style=\"background-color: transparent;\">Situated near Bishoftu, approximately 45 km from Addis Ababa, the airport will eventually be capable of handling 100 mn passengers each year and accommodating 270 aircraft.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details:<\/strong> Dar is set to design the new airport facilities and help Ethiopian Airlines select contractors for the airport, Ethiopian state-affiliated broadcasting network <a target=\"_blank\" href=\"https:\/\/www.fanabc.com\/english\/ethiopian-signs-mou-to-develop-design-for-construction-its-6-billion-usd-new-airport\/\" style=\"\" rel=\"noopener\">Fana<\/a> quoted Tasew as saying. The airport will cover 35 sq km and will have four runways. The construction of the facility will be split into two phases, with phase one expected to handle around 60 mn passengers annually, and phase two increasing capacity to over 100 mn passengers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Making moves:<\/strong> Dar Al Handasah inked a five-year contract back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/15bd1e02-5d20-4c42-b681-45ba5f9776a4\/dubai'\" style=\"\" rel=\"noopener\">in June<\/a> with Kuwait\u2019s Directorate General of Civil Aviation (DGCA) to supervise construction and design of several facilities at Kuwait International Airport.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80293 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"80293\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/80293\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80293\" class=\"content-area-description single-story post-80293 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80294\" 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=\"80294\">\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\">Earnings Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/a-flurry-of-2q-earnings-from-the-uae\/\">\r\n                            A flurry of 2Q earnings from the UAE                        <\/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\/08\/12\/a-flurry-of-2q-earnings-from-the-uae\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Let\u2019s jump right in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">ETIHAD AIRWAYS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Airways saw its income after tax climb 48% y-o-y to AED 851 mn in <\/strong><strong>1H 2024<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-airways-reports-48-increase-in-profits-to-aed-851-million-in-first-half-2024\" style=\"\" rel=\"noopener\">earnings release<\/a>. The Abu Dhabi-based carrier\u2019s revenues rose 21% y-o-y to AED 11.7 bn (USD 3.2 bn) during the same period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers: <\/strong>Etihad Airways recorded <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/339e0cec-bfd8-4274-9685-cdfe62267dcc\/dp-world-puts-cars-into-containers,-ad-ports-drops-lawsuit-against-bildco,-dic-kicks-off-senegal-%2B-morocco-roadshow\" style=\"\" rel=\"noopener\">solid cargo and passenger revenues<\/a>, which it attributed to network expansions and enhanced connectivity. The carrier saw a 10% y-o-y increase in cargo revenues fueled by increased demand and cargo fleet capacity, and a 38% y-o-y increase in passenger numbers to 8.7 mn \u2014 almost three-times higher than the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8339c395-ecef-4f4c-8778-2cd47557fc73\/today:-india%25e2%2580%2599s-ostwal-eyes-building-export-hub-in-egypt\" style=\"\" rel=\"noopener\">IATA\u2019s<\/a> reported average growth rate of 13% for Middle Eastern carriers during 1H 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come? <\/strong>Etihad Airways welcomed 16 more aircraft since last year, including three A321neos, bringing its fleet size to 92. The airline is also expecting to add over 20 new generation aircraft to its fleet in the next 18 months. The carrier has expanded its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3bf5ac03-052f-47d0-877e-605f6d8e0699\/morocco-opens-bids-for-375-km-high-speed-railway-%2B-dnata-boosts-its-european-footprint\" style=\"\" rel=\"noopener\">destinations<\/a> around the world from 70 to 81 as well as increasing its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1fbc81e9-1bc7-4bab-8c71-fe844d51440f\/dp-world-completes-savan-logistics-acquisition,-iozera-eyes-morocco-data-center,-emaar-%2B-aramex-partner-on-logistics-bots,\" style=\"\" rel=\"noopener\">partnerships<\/a>, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad has been on a roll: <\/strong>Etihad Airways <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/73dfc04e-a8a9-4b82-bb34-06c6c4505595\/%253cmark%253eetihad%253c%2Fmark%253e,-aramex,-and-sal-see-hefty-boosts-to-earnings-in-1q\" style=\"\" rel=\"noopener\">saw its income after tax rise 791%<\/a> y-o-y to a record AED 526 mn in 1Q 2024, and booked AED 5.7 bn in revenues for the quarter, up 21% y-o-y, driven by 41% increase in passenger numbers. Etihad\u2019s parent company ADQ is potentially going after both a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/18b21550-2fa3-4cd7-bab0-9ed8d43e5c1f\/%253cmark%253eetihad-airways%253c%2Fmark%253e-moves-forward-with-planned-ipo\" style=\"\" rel=\"noopener\">traditional IPO and direct listing on ADX<\/a> at the end of the year, with the offering expected to raise as much as USD 1 bn. <\/p>\n<p class=\"tag-border-left\">ARAMEX- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati logistics outfit Aramex\u2019s net income fell 83% y-o-y to AED 3.1 mn in 2Q 2024, <\/strong>according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/782.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. In a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/783.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>, Aramex attributed the y-o-y decrease to seasonal challenges in 2Q \u2014 including adverse weather conditions and public holidays \u2014 resulting in slower business activity and fewer operational working days. The seasonal impact is estimated at AED 45 mn in lost revenues and AED 8.8 mn in lost net income. The company recorded AED 1.5 bn in revenues, up 8% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis, Aramex saw its bottom line rise 17% y-o-y<\/strong> to AED 49.8 mn. The company\u2019s top line also increased 8% during the same period to AED 3.04 bn, buoyed primarily by new clients and improved sales, especially in international and domestic express operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cAramex is poised to sustain its growth momentum across key product lines in the second half of the year,\u201d the release said, adding that the company will continue to make strategic investments in infrastructure and talent to broaden its customer base. Full-year revenues are projected to grow at 8-9% in 2024. <\/p>\n<p class=\"tag-border-left\">ABU DHABI AVIATION CO- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Aviation\u2019s <\/strong><strong>(ADA) net income reached AED 695.4 mn in 2Q 2024<\/strong>, up from the previous AED 15.7 mn net loss recorded in 2Q 2023, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/856.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues reached AED 1.55 bn, up 3.3% y-o-y during the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six month basis,<\/strong> ADA\u2019s net income reached AED 722.2 mn in 1H 2024, up 612% y-o-y. The company\u2019s revenues amounted to AED 3.23 bn during the period, down 4.4% y-o-y on the back of \u201coperational streamlining at newly acquired businesses,\u201d ADA said in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/858.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acquisitions boosted numbers: <\/strong>ADA completed an acquisition of stakes in three aviation firms from ADQ subsidiary ADQ Aviation in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3ca9fc26-0902-49c9-9953-bb92a90ccc79\/%253cmark%253eabu-dhabi-aviation%253c%2Fmark%253e-closes-share-swap-agreement-with-adq-aviation\" style=\"\" rel=\"noopener\">transaction valued at AED 4 bn<\/a> back in May. ADQ Aviation transferred stakes in three companies \u2014 100% of Etihad Airways Engineering, 100% of Advanced Military Maintenance Repair and Overhaul Center (Ammroc), and 50% Global Aerospace Logistics (GAL). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A segment-by-segment breakdown<\/strong><strong>: <\/strong>ADA\u2019s General Aviation segment recorded a 1.7% y-o-y decrease in net income to AED 219 mn, while its revenues saw a 0.22% y-o-y increase to AED 1.2 bn. The maintenance, repair, and overhaul segment was bolstered due to the recent acquisitions, which saw the addition of over 9.6k employees and widened service offerings to meet the growing demand across MENA and globally. ADA\u2019s Investments division saw a 9.1% y-o-y jump in revenues to AED 12.5 mn.<\/p>\n<p class=\"tag-border-left\">ADNOC DISTRIBUTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Oil Company (Adnoc) Distribution reported a 12.9% y-o-y increase in <\/strong><strong>net income attributable to shareholders to AED 622.8 mn in 2Q 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/733.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues rose 8% y-o-y to AED 8.78 bn, driven by increased fuel volumes and higher selling prices on the back of rising crude oil prices and growth in non-fuel retail business, Adnoc Distribution said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/730.pdf\" style=\"\" rel=\"noopener\">earnings report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis,<\/strong> Adnoc Distribution saw its net income attributable to shareholders rise 7% y-o-y to AED 1.17 bn, attributable to the increased field volumes and selling prices and the consolidation of TotalEnergies Marketing Egypt. The fuel retailer booked AED 17.5 bn in revenues, increasing 8.7% y-o-y in 1H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The logistics angle: <\/strong>AI deployment is set to fuel Adnoc\u2019s growth, with the company currently pursuing 20 AI projects with global AI partners to strengthen its market position. Among those projects is the Fuel Demand AI Model, which uses predictive analytics to refine Adnoc\u2019s fuel delivery schedules, potentially saving USD 34 mn in revenue over the next five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Export plans:<\/strong> Adnoc\u2019s automotive vehicle lubricants Adnoc Voyager \u2014 which launched in Egypt through TotalEnergies Marketing Egypt back in 2023 \u2014 saw an increase in export markets reaching 43 countries in 1H 2024, compared to 32 markets during the same period last year. The firm is looking to expand the brand into new markets and start blending the lubricants in Egypt this year with the intention of establishing a regional export hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, the fuel retailer plans to invest between USD 200-300 mn in CAPEX during 2024,<\/strong> with 70% of the sum to be allocated towards \u201cgrowth-focused initiatives.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/abu-dhabi-aviation\/\">Abu Dhabi Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/adnoc-distribution\/\">ADNOC Distribution<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aramex\/\">Aramex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/etihad-airways\/\">Etihad Airways<\/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=\"80296\" 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=\"80296\">\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\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/\">\r\n                            Rail, investment and transport updates from Iran and the UAE                        <\/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\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/\" 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\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/')\">\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\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Rail, investment and transport updates from Iran and the UAE&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/\">\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\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/&title=Rail, investment and transport updates from Iran and the UAE\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Rail%2C+investment+and+transport+updates+from+Iran+and+the+UAE+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F12%2Frail-investment-and-transport-updates-from-iran-and-the-uae%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\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/959.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80297\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/rail-investment-and-transport-updates-from-iran-and-the-uae\/959-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/959.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"959.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/959.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/959.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80296\" class=\"content-area-description single-story post-80296 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-iran tag-rail tag-transport 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\/8\/.907de7ce-f56a-444a-bc94-b423aa7702cb.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">RAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran\u2019s 236 km Kermanshah-Khosravi railway is set to connect Iran to the <\/strong><strong>Mediterranean Sea<\/strong>, <a target=\"_blank\" href=\"https:\/\/en.mehrnews.com\/news\/219334\/Kermanshah-Khosravi-railway-to-connect-Iran-to-Mediterranean\" style=\"\" rel=\"noopener\">Mehr News Agency<\/a> reported, quoting comments by Iranian Minister of Roads and Urban Development Mehrdad Bazrpash <a target=\"_blank\" href=\"https:\/\/x.com\/mehrdadbazrpash\/status\/1822316453044859363\" style=\"\" rel=\"noopener\">on X<\/a>. The railway \u2014 which is part of the Iran-Rah initiative \u2014 is 36% complete and will provide connectivity from Iran and Central Asian countries to Iraq and the Mediterranean Sea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REFRESHER- <\/strong><span style=\"background-color: transparent;\">Iran outlined its new <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/27f8038f-cd8e-44ec-b7af-6e0bcd83b84a\/%253cmark%253e%253c%2Fmark%253etoday%253cmark%253e%253c%2Fmark%253e:%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eanother%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253estep%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etowards%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enon%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edominant%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etrade%253cmark%253e%253c%2Fmark%253e%3F-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eiran%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eunveils%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253estrategy%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enorth%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esouth%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecorridor%253cmark%253e%253c%2Fmark%253e\" rel=\"noopener\">Iran-Rah<\/a><span style=\"background-color: transparent;\"> initiative during the Iran-Russia-India trilateral meeting last year. The initiative aims to promote multilateralism, widened participation, \u201cneighborhood\u201d oriented and networked approaches to transit, facilitation, leveraging trade relations, technology, and flexibility and resilience.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>INVESTMENT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adani Airports forms new Abu Dhabi-based subsidiary:<\/strong> Adani Group\u2019s airport management arm Adani Airport Holdings established a wholly owned subsidiary, dubbed Global Airports Operator, in Abu Dhabi to oversee investments and operations outside of India, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/747.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a> on India\u2019s National Stock Exchange. The formation of the new subsidiary is part of Adani\u2019s plan to expand its aviation network in Eastern Africa, South Asia, and Southeast Asia, Jeet Adani told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-07\/adanis-rejig-digital-strategy-as-superapp-struggles-for-traction\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>TRANSPORT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi has a new plan in place to improve traffic safety,<\/strong> launched by the Traffic Safety Technical Committee, composed of members from the Integrated Transport Centre, Abu Dhabi Police, and the Abu Dhabi Department of Health, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4kkjqn-traffic-safety-technical-committee-launches-work\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The plan, dubbed Work Accelerators, will see the entities form teams to develop and implement plans focusing on traffic accident analysis, pedestrian and micro-mobility safety, delivery driver safety, freight transport safety, driver behavior, and road speed limits.<\/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>Oman resuming three routes for winter season:<\/strong> Oman Air is relaunching three flights to Zurich, Switzerland starting 5 October, Mal\u00e9, the Maldives on 27 October, and Moscow, Russia on 29 October for the winter season. (<a target=\"_blank\" href=\"https:\/\/timesofoman.com\/article\/148553-oman-air-resumes-service-to-zurich-mal-and-moscow-for-winter-season\" style=\"\" rel=\"noopener\">Times of Oman<\/a>)<\/li>\n<li><strong>Eihad to fly its A380 to Singapore for the first time:<\/strong> Etihad Airways will start using its A380 fleet in flights to Singapore from 1 February 2025. Etihad also said it plans to increase the number of weekly flights to Thailand to 41 from the current 35 starting 27 October 2024, with 21 flights to Bangkok and 20 to Phuket. (<a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/news\/etihad-boosts-network-across-asia-iconic-a380-heads-east-to-singapore-and-thailand-network-goes-tridaily\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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\/transport\/\">transport<\/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=\"80298 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=\"80298\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/80298\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80298\" class=\"content-area-description single-story post-80298 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80299\" 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=\"80299\">\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\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/\">\r\n                            Chinese airlines are expanding their footprint globally and Embraer posts 2Q earnings                        <\/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\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/\" 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\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/')\">\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\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/\">\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=Chinese airlines are expanding their footprint globally and Embraer posts 2Q earnings&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/\">\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\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/&title=Chinese airlines are expanding their footprint globally and Embraer posts 2Q earnings\">\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=Chinese+airlines+are+expanding+their+footprint+globally+and+Embraer+posts+2Q+earnings+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F12%2Fchinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings%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\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/957.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80300\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/12\/chinese-airlines-are-expanding-their-footprint-globally-and-embraer-posts-2q-earnings\/957-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/957.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"957.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/957.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/957.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80299\" class=\"content-area-description single-story post-80299 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-aviation tag-brazil tag-china tag-trade tag-us 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\/.8cae4ba6-9b13-42d9-9c27-4f018aa744ae.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese airlines are expanding abroad <\/strong><strong>as foreign airlines shift away from China due to <\/strong><strong>low demand, rising costs, and longer flight times<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/foreign-airlines-lose-interest-china-domestic-carriers-expand-abroad-2024-08-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. Flight times have lengthened for international airlines on the back of European and US carriers avoiding Russian airspace, the newswire writes. Chinese carriers have up to 30% lower costs than their international rivals due to taking shorter northern routes to Europe and North America over Russia's vast airspace.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">A slew of flight suspensions coming in October:<\/strong><span style=\"background-color: transparent;\"> British Airways announced it would pause its London to Beijing flights for one year starting late October, and suspended one of its daily flights to Hong Kong last month for commercial reasons. Virgin Atlantic is cutting its London to Shanghai route permanently effective October, citing longer flight times. Royal Brunei Airlines will also be suspending its Beijing flights due to market conditions effective October. Qantas Airlines suspended its Sydney to Shanghai flights in July due to low demand for China travel and half-empty planes.<\/span><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brazilian plane manufacturer Embraer\u2019s bottomline spiked by almost 40% to USD <\/strong><strong>80.4 mn in 2Q<\/strong>, following boosted delivery rates for commercial aircraft, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/embraer-reaffirms-2024-outlook-net-profit-rises-q2-2024-08-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. The firm\u2019s topline rose some 15.6% y-o-y to USD 1.49 bn, supporting its forecasted 2024 outlook, which expects to deliver around 72 commercial aircrafts and generate an annual topline of around USD 6 bn. The manufacturer boosted aircraft deliveries by 12% y-o-y to 19 jets in 2Q. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expanding its regional influence?<\/strong> Senior executives at Embraer met with Saudi Industry and Mineral Resources Minister Bandar Al Khorayef <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/634d2a48-0737-4802-b39b-d93d1dc06986\/today:-qatar-airways-%25f0%259f%2592%2599-boeing-%2B-odys-aviation-heads-to-oman\" style=\"\" rel=\"noopener\">in July<\/a> to discuss the localization of aircraft manufacturing and assembly in the Kingdom. Embraer and commercial aviation lessor Azorra <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d0614e36-dd2f-4ded-87c9-d0117612132a\/etihad-rail-inks-seven-mous-%2B-ad-ports-to-develop-karashi-ports.-plus:-news-from-royal-jordanian,-indigo,-wee,-dubai-maritime-authority,-etihad-cargo-and-egypt%25e2%2580%2599s-tax-authority\" style=\"\" rel=\"noopener\">will supply<\/a> eight aircraft to Royal Jordanian for USD 635 mn. The Jordanian airline will acquire four E190-E2 \u2014 which can seat 92 passengers \u2014 and four E195-E2 jets, which can seat 120. This added to Royal Jordanian Air\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c4e88274-239c-45b2-9376-6932775999d5\/today:-adnoc-gas-earmarks-usd-13-bn-for-expansion-efforts\" style=\"\" rel=\"noopener\">outstanding order<\/a> for one to three additional E195-E2 regional jets from Embraer to be delivered next year.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil demand could jump up by hundreds of mns of barrels if Donald Trump wins the <\/strong><strong>US presidential elections this November<\/strong>, as the nominee has pledged to fill the US Strategic Petroleum Reserve (SPR) if elected, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/955195b3-7a3d-4a1f-838d-780a2c8433d7\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Thursday. \u201cWe don\u2019t need energy from any other country. We have to fill up the strategic reserves again. It is the lowest number it has ever been,\u201d the former president said. As of last month, the SPR, the world\u2019s biggest supply of emergency crude oil, held 375 mn barrels of oil, which is a little over half of its capacity. The US would need to purchase around 300 mn barrels of oil to reach the levels seen during Trump\u2019s last presidency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US and China have been moving to purchase oil amid a drop in prices:<\/strong> \u201cWe are seeing more plans to replenish strategic crude oil inventories, which we anticipate will contribute to healthy oil demand over the next few months,\u201d said Saudi Arabia\u2019s Aramco chief executive Amin Nasser.<\/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>Panama Canal eases limits on vessel draft size<\/strong><strong>:<\/strong> The Panama Canal Authority has raised the maximum authorized draft of vessels to 49 ft for transits through the Neopanamax Locks, effective immediately. (<a target=\"_blank\" href=\"https:\/\/pancanal.com\/en\/increases-maximum-allowable-draft-to-49-feet\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>China\u2019s imports exceeded market forecasts in July<\/strong><strong>:<\/strong> China\u2019s USD-denominated global imports grew by 7.2% y-o-y in July, surpassing expectations of 3.5%. Imports rose 24% y-o-y from the US, 11% from the Associations of Southeast Asian Nations, and 7% from the EU. China\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/89dc830e-7ecd-40b0-ab77-48963fd62690\/china-boosts-its%253cmark%253e-exports%253c%2Fmark%253e-in-july\" style=\"\" rel=\"noopener\">exports<\/a> increased by 9.7% y-o-y in July amid an upturn in global trade, up from 8.6% in June and rising for a fourth consecutive month. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/08\/07\/china-trade-data-july-exports-imports.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/brazil\/\">Brazil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/us\/\">US<\/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=\"80301\" 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\/08\/12\/80301\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80301\" class=\"content-area-description single-story post-80301 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;\">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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-4 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudilogisticsexpo.com\/\" style=\"\">Saudi Warehousing & Logistics Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\">Egypt International Airshow<\/a><\/span><span style=\"font-weight:400;\">, El Alamein, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 September (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.skymovemena.com\/\" style=\"\">SkyMove MENA<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 September (Wednesday): Deadline for companies to submit bids for expansion and operation of Baghdad\u2019s International Airport.<\/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>, Dammam, 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>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>23-26 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/thefreightsummit.com\/dubai2024\/\" style=\"\">Freight Summit Global Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>25-26 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aerospacesummit.com\/\" style=\"\">Global Aerospace Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>30 September - 2 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aviationnews-online.com\/conferences\/dubai\/\" style=\"\">African, Middle East & Islamic Finance Aviation 100 Awards<\/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>13 October (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itfglobal.org\/en\/events\/itf-congress-2024-marrakech\" style=\"\">International Transport Workers\u2019 Federation (ITF) Congress<\/a><\/span><span style=\"font-weight:400;\">, Marrakesh, Morocco.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>16-17 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gaaf2024.com\/\" style=\"\">Global Airport & Aviation Forum<\/a><\/span><span style=\"font-weight:400;\">, Jeddah, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-22 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>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiairportexhibition.com\/\" style=\"\">Saudi Airport Exhibition<\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>19-21 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/simrsnf.com\/\" style=\"\">Saudi International Maritime Forum<\/a><\/span><span style=\"font-weight:400;\">, Dammam, 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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20-21 November (Wednesday-Thursday): Saudi Rail Exhibition, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">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>2-3 December (Monday-Tuesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/wings-of-change-middle-east\/\" style=\"\">Wings of Change Middle East<\/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>10-11 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/morocco.railmeetings.com\/en\/\" style=\"\">Rail Industry Summit<\/a><\/span><span style=\"font-weight:400;\">, Casablanca, Morocco.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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;\">FEBRUARY <\/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>4-5 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrade-maritime.com\/event-news\/qatar-boosts-maritime-growth-new-shipping-event-2025\" style=\"\">Seatrade Maritime Qatar<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>16-17 April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/dubai-to-host-gpf\/\" style=\"\">Global Ports Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>Mid-2025: Iraq will complete <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/iraq-to-finish-phase-1-of-faw-grand-port-in-2025-r1g2m8qk\" style=\"\">phase one<\/a><\/span><span style=\"font-weight:400;\"> of the construction of the Grand Faw Port.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">AD Ports-operated Safaga Port\u2019s multi-purpose terminal will become operational. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apmterminals.com\/en\/news\/news-releases\/2023\/231213-one-million-teu-expansion-at-apm-terminals-tangier-med-port-operational#:~:text=12%2F18%2F2023-,One%20million%20TEU%20expansion%20at%20APM%20Terminals%20Tangier%20MedPort%20operational,an%20additional%20400%20metre%20berth.\" style=\"\">Phase 3<\/a><\/span><span style=\"font-weight:400;\"> of APM Terminals Tangier MedPort to be complete and operational.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Sadr Park\u2019s Logistics Center in Riyadh to be completed. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.jafza.ae\/media-centre\/news\/jafza-completes-phase-1-of-new-logistics-park\/\" style=\"\">Phase two<\/a><\/span><span style=\"font-weight:400;\">of Jafza Logistics Park to be completed.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">2026 UNCTAD Global Supply Chains Forum, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Lots of projects in Egypt | Dar will build Ethiopia\u2019s new airport | Another pile of 2Q earnings | Updates on Aramco and Gulfnav M&#038;A<\/p>\n","protected":false},"featured_media":80285,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-80284","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4bc4b77f-7d8f-476e-8e09-c6825ad2a056","teaser":"Lots of projects in Egypt | Dar will build Ethiopia\u2019s new airport | Another pile of 2Q earnings | Updates on Aramco and Gulfnav M&A","photo_url":"https:\/\/ent.news\/2024\/1\/1189.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt and UAE ink three project agreements worth USD bns of investments - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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