{"id":80874,"date":"2024-09-09T00:00:00","date_gmt":"2024-09-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=80874"},"modified":"2025-12-15T15:15:20","modified_gmt":"2025-12-15T15:15:20","slug":"turkeys-polaris-parks-set-to-invest-egp-10-5-bn-for-two-industrial-zones-in-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/turkeys-polaris-parks-set-to-invest-egp-10-5-bn-for-two-industrial-zones-in-egypt\/","title":{"rendered":"Turkey\u2019s Polaris Parks set to invest EGP 10.5 bn for two industrial zones in Egypt"},"content":{"rendered":"<section id=\"80876\" 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=\"80876\">\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\/09\/09\/today-a-big-news-day-for-egypt-nmdc-energy-will-make-its-adx-debut-on-wednesday\/\">\r\n                            TODAY: A big news day for Egypt + NMDC Energy will make its ADX debut on Wednesday                        <\/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\/09\/09\/today-a-big-news-day-for-egypt-nmdc-energy-will-make-its-adx-debut-on-wednesday\/\" 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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First, let\u2019s take a quick glance at several meetings happening today\u2026<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan is in India for <\/strong><strong>his first official visit<\/strong>, which will see him meet with Indian Prime Minister Narendra Modi to discuss strengthening cooperation in key economic sectors, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b52fjq6-crown-prince-abu-dhabi-begin-official-visit-india\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Al Nahyan and a few other ministers are also expected to participate in a business forum tomorrow which will see participation from both Indian and Emirati businesses, according to an Indian External Affairs Ministry <a target=\"_blank\" href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/38270\/Visit+of+Crown+Prince+of+Abu+Dhabi+to+India+September+910+2024\" 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>Indian and Emirati officials are also set to review their 2022 trade pact this week<\/strong>, following concerns from Indian industry over a surge in precious metal imports from the UAE, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/india-uae-review-trade-deal-talks-this-week-sources-say-2024-09-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing sources with knowledge of the matter. The discussions will coincide with Al Nahyan\u2019s visit to Mumbai and New Delhi, though he\u2019s not expected to take part.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> India requested a review of its trade agreement with the UAE back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5f7d1a8d-adae-4ac3-b010-c86899e440a2\/india-to-review%253cmark%253e-trade%253c%2Fmark%253e-agreement-with-the-uae-to-revisit-duties-and-rules-of-origin-%2B-esg-summit-kicks-off-in-dubai#:~:text=India%20has%20reportedly%20requested%20a%20review%20meeting%20with%20the%20UAE\" style=\"\" rel=\"noopener\">August<\/a> to address concerns over rules of origin and concessional rates, focusing on value add policies and customs duties. This review follows a sharp increase in Indian imports of gold and silver from the UAE under the agreement, with concerns that India could incur losses from the zero-tariff policies decided under the trade agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The GCC Ministerial Council is meeting in Riyadh today<\/strong>, with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani \u2014 who is president of the ministerial council \u2014 set to chair the meeting, according to <a target=\"_blank\" href=\"https:\/\/gcc-sg.org\/en-us\/MediaCenter\/NewsCooperation\/News\/Pages\/news2024-9-8-1.aspx\" style=\"\" rel=\"noopener\">a statement<\/a>. On the council\u2019s agenda: A handful of decisions from the GCC\u2019s Supreme Council summit in Doha last December, several unspecified \u201cmemoranda and reports submitted by the ministerial and technical committees,\u201d and strategic ties between the bloc and other countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meetings with Russia + India + Brazil on the sidelines:<\/strong> The GCC ministers are also scheduled to hold ministerial meetings on strategic dialogues with each of Russia, India, and Brazil on the sidelines of the main council meetings, the statement said. Russian Foreign Minister Sergey Lavrov landed in Riyadh overnight for the meetings, according to a <a target=\"_blank\" href=\"https:\/\/twitter.com\/mfa_russia\/status\/1832834868557815980\" style=\"\" rel=\"noopener\">ministry statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The first round of the GCC-Indonesia trade agreement talks kick off today: <\/strong>A General Authority for Foreign Trade-led delegation has arrived in Indonesia to take part in negotiations \u2014 which began today and will run until Friday, 13 September \u2014 on exchanges of goods and services, customs procedures, and other trade-related matters as part of GCC efforts to conclude a freetrade agreement with Indonesia within a 24-month period, the authority said in a <a target=\"_blank\" href=\"https:\/\/gaft.gov.sa\/ar\/media-center\/news\/Pages\/The%20Kingdom%20is%20participating%20in%20the%20first%20round%20of%20negotiations%20for%20the%20free%20trade%20agreement%20between%20the%20Gulf%20Cooperation%20Council%20countries%20and%20the%20Republic%20of%20Indonesia.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative was launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f15f206b-a3d5-42e9-a9f9-bc0f176b04fe\/%253cmark%253e%253c%2Fmark%253efour%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eseasons%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eresort%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elooks%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elaunch%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eresort%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eon%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esindalah%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eisland%253cmark%253e%253c%2Fmark%253e.#:~:text=The%20GCC%20officially%20kicked%20off%20talks%20for%20a%20trade%20agreement%20with\" style=\"\" rel=\"noopener\">in July<\/a> when GCC Secretary-General Jasem Albudaiwi met with Indonesian Trade Minister Zulkifli Hasan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Egypt-Iraq investments<\/strong><strong>, trade, partnerships incoming:<\/strong> An Egyptian delegation, led by Industry and Transport Minister Kamel El Wazir, arrived in Baghdad yesterday to discuss prospects of infrastructure and developmental projects by Egyptian contractors in Iraq, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid0yakRBsLwtxeCg9c9nDvZBZCxB414xVoAV2cJwhHb3ddFxJizer5BvGTZeFTqNQURl\" 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>REMEMBER- There\u2019s a lot of interest in the Iraqi market:<\/strong> Egyptian companies expressed interest in Iraq\u2019s pharma, infrastructure, and construction sectors during Iraqi Prime Minister Mohammed Shia' Al Sudani\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d984644a-faa6-447a-b22c-e4bc7992cdcc\" style=\"\" rel=\"noopener\">recent visit<\/a> to Egypt.<\/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\">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- Abu Dhabi sovereign wealth fund Mubadala could soon take full ownership of Turkish <\/strong><strong>startu<\/strong><strong>p Getir<\/strong> after applying for sole ownership of the grocery and food delivery businesses last week, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-06\/mubadala-set-to-take-full-control-of-turkish-delivery-app-getir\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a statement from Turkish antitrust regulators. Mubadala acquired a controlling stake in Getir <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/23f13461-af36-4155-9f25-ff82f4f9cf3a\/turkish-delivery-platform%253cmark%253e-getir%253c%2Fmark%253e-gets-a-usd-250-mn-capital-injection-from-mubadala\" style=\"\" rel=\"noopener\">back in June<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Mubadala funneled USD 250 mn into Getir in June as part of the company\u2019s restructuring plans, which involves splitting the company into two separate entities. One segment, specializing in food delivery in Turkey, was set to be primarily owned and controlled by Mubadala, with Batuhan Gultakan at the helm. Under the acquisition agreement, Getir founder Nazim Salur agreed to step down as CEO to focus on leading the other division which encompasses Getir's ride-hailing services and additional assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala \u2764\ufe0f Getir:<\/strong> Mubadala, along with other investors, provided Getir with additional funding \u2014 which Bloomberg said came in at about USD 200 mn \u2014 to Getir in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1a02cb61-e705-49c6-af18-cdc72a49522a\" style=\"\" rel=\"noopener\">late April<\/a>. \u201cWe have been the only investor to consistently support Getir over the last three rounds, providing over 80% of the capital that has gone into the company since 2021. Without Mubadala\u2019s partnership, Getir would not exist today,\u201d a Mubadala spokesperson told Bloomberg last month.<\/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- Tristar is lining up stake sale: <\/strong>Dubai-based energy logistics firm Tristar \u2014 which is partly owned by Kuwaiti logistics outfit Agility \u2014 is considering the sale of a company stake to boost shareholder value and is consulting with advisors, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/429.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a> released last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been expecting this: <\/strong>Sources familiar with the matter <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d3cec348-627e-47a3-8632-6db06e92e526\" style=\"\" rel=\"noopener\">told Bloomberg<\/a> in March that Tristar was reviving a plan to sell the company to capitalize on its recent revenue surge. It reportedly tapped deNovo Partners to work on the sale, and was on the lookout for another advisor to assist with the process.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Tristar had shelved plans to go public on the Dubai bourse <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dubai-logistics-firm-tristar-drops-ipo-plans-2021-04-14\/\" style=\"\" rel=\"noopener\">back in April 2021<\/a> due to a lack of investor demand. The firm planned to offer 24% of its shares in the IPO, potentially valuing it at AED 3.24 bn. Tristar is 65% owned by Agility Public Warehousing Company and 20% owned by Gulf Investment Corp, while Eugene Mayne holds the remaining stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3-<\/strong> <strong>Shortage in concrete trucks spell trouble for Egyptian contractors:<\/strong> A number of private Egyptian contractors have been forced to freeze their projects over the past two weeks on the back of a shortage in cement trucks availability, unnamed contractors told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/companies\/53080\/%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D9%85%D9%82%D8%A7%D9%88%D9%84%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%AC%D9%85%D8%AF-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA%D9%87%D8%A7-%D8%A8%D8%B3%D8%A8%D8%A8-%D9%86%D9%82%D8%B5-%D8%A7%D9%84%D8%A3%D8%B3%D9%85%D9%86%D8%AA\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The shortage of the trucks is affecting cement shipments from factories to construction sites, causing a 10% deficit in the local freight and transport vehicles for Egypt\u2019s cement industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is causing the shortage? <\/strong>The shortage of cement trucks is largely attributed to increased exports to Libya, which receives some 100k tons per month of cement on the back of increased demand, according to sources. Difficulties of importing spare parts for the tracks on the back of an earlier shortage in FX availability has led to the retirement of some vehicles, Egyptian Federation for Construction and Building Contractors head Mohammed Sami Saad told Asharq. He also attributed the shortage to the shipment of aid through the Rafah crossing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In perspective- <\/strong>Egypt\u2019s cement production is estimated at 5 mn tons monthly, with some 4 mn tons allocated for the local market and 1 mn ton for neighboring countries, including Libya, one of the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Libya\u2019s oil exports see a blink of hope:<\/strong> Some Libyan oil tankers were allowed to load crude from storage although oil exports remained largely halted on Thursday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-tanker-approved-entry-into-libyas-zueitina-port-engineers-say-2024-09-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing shipping data. Liberian-flagged oil tanker Kriti Samaria was allowed to enter Libya\u2019s Zueitina port to load some 600 barrels of crude from storage for transport to Italy, while Marshall Islands-flagged tanker Front Jaguar was also permitted to load crude from storage at Libya\u2019s Brega port, unnamed engineers in the field told the newswire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong>Exports were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/195ade17-5823-4009-b234-6c816d712840\" style=\"\" rel=\"noopener\">largely shut in Libya<\/a> in late August after a growing conflict between rival political factions over control of the central bank. This comes after Libya\u2019s eastern-based administration shut down oilfields in eastern Libya, which account for almost all of the country\u2019s production, after western authorities replaced the country\u2019s veteran central bank governor last month. However, Libya\u2019s two legislative bodies in the country\u2019s east and west agreed <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/libya-factions-agree-appoint-central-bank-governor-bid-ease-crisis-2024-09-03\/\" style=\"\" rel=\"noopener\">last week<\/a> to jointly appoint a central bank governor within 30 days to help resolve the crisis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong> <strong>Red Sea attacks continue to take its toll on Egypt\u2019s Suez Canal: <\/strong>The number of ships crossing through the Suez Canal has dropped by 66% since attacks by Houthis in the Red Sea forced ships to divert their vessels around Africa, <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2024\/09\/05\/north-america-market-update-august\" style=\"\" rel=\"noopener\">recent data<\/a> by AP Moller-Maersk<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">showed on Thursday. \u201cThese disruptions have led to service reconfigurations and volume shifts, straining infrastructure and resulting in port congestion, delays, and shortages in capacity and equipment,\u201d Maersk said, adding that a \u201ctimeline for easing these disruptions and returning to normal remains uncertain.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bad news for the canal: <\/strong>The shipping company is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7012e03f-8dda-4b2a-ae40-ba7144b132a8\" style=\"\" rel=\"noopener\">one of several global shipping giants<\/a> firms that began rerouting their ships away from the Red Sea last winter in light of ongoing attacks by Yemen\u2019s Houthis on shipping traffic. Disruptions in the Red Sea have hit Suez Canal revenues \u2014 a major source of FX \u2014 hard, with officials in July saying that revenues from the canal <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d60ab119-dd94-4e0b-9d7b-9c05b12a030b\" style=\"\" rel=\"noopener\">had fallen<\/a> some 23% y-o-y during FY 2023-2024 to USD 7.2 bn.<\/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- Oil prices rebound:<\/strong> Oil prices jumped USD 1 in early morning trading as news of an impending hurricane approaching the US Gulf Coast broke and market recovery after weak US jobs data caused a selloff on Friday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-rise-more-than-1-early-trading-2024-09-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures rose 1.39% to USD 72.05 a barrel and US West Texas Intermediate (WTI) climbed 1.48% to USD 68.67 a barrel. Brent price <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-steadies-us-crude-stock-drawdown-opec-output-hikes-delay-2024-09-06\/\" style=\"\" rel=\"noopener\">had dropped 10%<\/a> to the lowest level since December 2021, while WTI fell 8% to its lowest close since June 2023 at market close on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Opec+ hits the brakes on oil production hike: <\/strong>Opec+ has agreed to suspend its planned 180k bpd output hike for October and November, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7369.htm\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes after prices <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/opec-discusses-possible-delay-to-oil-output-hike-delegates-say?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">fell to their lowest level<\/a> in a year. While the group still intends to move forward with its plan to revive 2.2 mn bpd of idle supply over the year, the timeline for the process is now set to be complete by December 2025, two months later than originally planned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Aramco has set the October official selling prices for its flagship Arab Light Crude<\/strong><strong> to <\/strong><strong>Asian buyers at USD 1.3 \/ barrel above the Oman and Dubai benchmarks<\/strong>, it said in an emailed statement to EnterpriseAM Saudi. North American buyers will pay at a USD 4 premium to the Argus Sour Crude Index, while Northwest Europe and the Mediterranean will see USD 0.45 and USD 0.35 premiums to ICE Brent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Baltic index maintains upwards trajectory:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was up for a second consecutive day by <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">1.2% to 1,941 points on Friday<\/a>. The capesize index rose 2.2% to 3,356 points while the panamax index remained unchanged at 1,294 points. The smaller supramax index lost another 6 points to 1,260 points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>The Drewry World Container Index decreased 8% to c. USD 4,775 per 40-ft container <\/strong><strong>last 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 54% below the previous pandemic peak of c. USD 10.4k in September 2021, but remains 236% above the pre-pandemic rate of USD 1.4k. The average composite index YTD is USD 4.1k per 40ft container, which is USD 1.3k higher than the 10-year average rate of USD 2.8k<\/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>Cargo handled at Mawani\u2019s ports jumped 26.7% y-o-y in August 2024 to 30.5 mn <\/strong><strong>tons,<\/strong> the Saudi Port Authority (Mawani) said in a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?a=050924\" style=\"\" rel=\"noopener\">statement<\/a> last week. The number of export containers rose 18.8% y-o-y during the month to c. 259k TEUs, while import containers were up 15.2% y-o-y to 261.3k TEUs. The number of handled containers was down 5.0% y-o-y last month to 685.6k TEUs, with maritime traffic down 4.2% y-o-y to 986 ships during the period.<\/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\">PSA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia is waiving all customs service fees for exports effective 6 October<\/strong> under new <a target=\"_blank\" href=\"https:\/\/zatca.gov.sa\/en\/MediaCenter\/News\/Pages\/news_1282.aspx\" style=\"\" rel=\"noopener\">regulations<\/a> introduced by the Zakat, Tax and Customs Authority (Zatca). Meanwhile, a new mechanism will be implemented to reduce customs declaration service fees for personal imports, where a fee of 0.15% of the value of incoming goods will be enforced, in addition to a SAR 15 fee on goods purchased through online stores whose value is less than SAR 1k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What has changed?<\/strong> The new fee structure seeks to unify charged fees on imports by tying them to the 0.15% fee, whereas they previously included various charges such as SAR 100 for X-ray inspections, SAR 100 for information exchange services, and SAR 20 for declaration processing. The updated fee structure stipulates a maximum fee of SAR 500 and a minimum of SAR 15, including ins. and shipping. For goods exempt from duties, the maximum fee will be capped at SAR 130.<\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities and Transmar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>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 <\/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 cargo industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/itsworldcongress.com\/\" style=\"\" rel=\"noopener\">Intelligent Transport Systems World Congress<\/a><\/strong><strong> from Monday, 16 <\/strong><strong>September to Friday, 20 September<\/strong> in Dubai. The Congress is expected to welcome 20k participants to explore innovations in smart mobility and transportation technology.<\/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\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span 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 story-section            \"\r\n            id=\"80879\">\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\/09\/09\/turkeys-polaris-parks-set-to-invest-egp-10-5-bn-for-two-industrial-zones-in-egypt\/\">\r\n                            Turkey\u2019s Polaris Parks set to invest EGP 10.5 bn for two industrial zones in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul 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data-image-meta=\"[]\" data-image-title=\"604.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/604.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/604.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80879\" class=\"content-area-description single-story post-80879 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-egypt tag-investment-watch tag-turkey 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\/9\/.359140e6-066a-4364-9dba-26a6ea73d0a8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Polaris Parks to develop two industrial zones in Egypt:<\/strong> Industrial land developer Polaris Parks will commit EGP 10.5 bn (c. USD 217 mn) to develop two major industrial parks in Egypt\u2019s New Administrative Capital and New October City, General Manager Bassel Shoirah told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/08\/-%D8%A8%D9%88%D9%84%D8%A7%D8%B1%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D8%B1%D9%83%D9%8A%D8%A9-%D8%AA%D8%B1%D8%B5%D8%AF-10-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%85%D9%86%D8%B7%D9%82%D8%AA%D9%8A%D9%86-%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%AA%D9%8A%D9%86-%D8%A8%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/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;\">The first MoU sees Egypt allocating 1.4 mn sqm of land in New 6 October city, with EGP 4.5 bn investment poured by Polaris for the first phase of the project, according to Shoirah. Polaris Parks has already received the plot for the planned project in New 6 October city last week, with the industrial developer set to break ground on the project in early 2025, Shoirah said. It is allocating EGP 6 bn to develop a 2 mn sqm plot for the New Administrative Capital, he said, yet said that a timeline for the project was not yet determined.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A boon for investments: <\/strong>Polaris Parks aims to attract local and foreign investments surpassing USD 1 bn for its planned New 6 October zone within two years in a bid to position Egypt as a regional industrial hub, according to Shoirah. It aims to finalize the first phase of the zone within two to three years, he told Al Arabiya earlier. The planned zones would help position Egypt as a regional industrial hub, according to a <a target=\"_blank\" href=\"https:\/\/www.polarisparks.com\/post\/a-new-chapter-in-egypt-turkey-economic-collaboration\" style=\"\" rel=\"noopener\">statement<\/a> by Polaris Parks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Polaris Parks: <\/strong>Polaris Parks was launched as a joint initiative by then Turkish President Abdullah Gul in 2008. Its partners include Egypt\u2019s private contractor Siac Construction, Saudi family-owned investment holding company Zamil Group and others, <a target=\"_blank\" href=\"https:\/\/www.polarisparks.com\/about\" style=\"\" rel=\"noopener\">according to its we bsite<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Polaris has an appetite for more: <\/strong>Polaris is seeking more plots from the Egyptian government to allow it to lure in more foreign investments to the local market, Shoirah said. \u201cEach 1 mn sqm we develop attracts investments averaging USD 1.5 bn,\u201d he said. The company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9159a4f4-d428-4edc-9ad9-1a4d19e02d73\/%253cmark%253epolaris%253c%2Fmark%253e-parks-is-set-to-invest-egp-5-bn-in-new-industrial-complexes.-plus:-news-from-saudi-drilling-&amp;-exploration,-jade-textile,-eehc\" style=\"\" rel=\"noopener\">has plans to invest EGP 5 bn<\/a> in the local market to set up five industrial complexes in Obour, Tenth of Ramadan, Badr City, New Cairo, and Sadat City, Shoirah said last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Polaris was among four industrial developers that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74373364-7f95-4157-9090-67ee1584c341\" style=\"\" rel=\"noopener\">received land<\/a> for new industrial zones from the New Urban Communities Authority in New 6 October City in May. It <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9159a4f4-d428-4edc-9ad9-1a4d19e02d73\" style=\"\" rel=\"noopener\">recently announced plans<\/a> to invest EGP 5 bn in Egypt to set up five industrial complexes in Obour, Tenth of Ramadan, Badr City, New Cairo, and Sadat City. It is the latest company to jump onto the bandwagon of smart industrial parks \u2014 clusters of factories and plants built on the principles of sustainability, integration, resource efficiency, and waste reduction.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/turkey\/\">Turkey<\/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=\"80881\" 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=\"80881\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/egypt-inks-over-usd-1-1-bn-worth-of-agreements-and-mous-at-forum-on-china-africa-cooperation\/\">\r\n                            Egypt inks over USD 1.1 bn worth of agreements and MoUs at Forum on China-Africa Cooperation                        <\/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\/09\/09\/egypt-inks-over-usd-1-1-bn-worth-of-agreements-and-mous-at-forum-on-china-africa-cooperation\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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<img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+inks+over+USD+1.1+bn+worth+of+agreements+and+MoUs+at+Forum+on+China-Africa+Cooperation+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F09%2F09%2Fegypt-inks-over-usd-1-1-bn-worth-of-agreements-and-mous-at-forum-on-china-africa-cooperation%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\/09\/09\/egypt-inks-over-usd-1-1-bn-worth-of-agreements-and-mous-at-forum-on-china-africa-cooperation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/485.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80882\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/egypt-inks-over-usd-1-1-bn-worth-of-agreements-and-mous-at-forum-on-china-africa-cooperation\/485-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/485.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"485.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/485.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/485.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80881\" class=\"content-area-description single-story post-80881 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-egypt tag-investment-watch tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.8498dc45-2d0e-4e57-9874-2ade9552e7f7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt signed a raft o<\/strong><strong>f contracts and MoUs with Chinese companies totaling over USD 1.1 <\/strong><strong>bn at the three-day <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.focac.org\/eng\/\" style=\"\" rel=\"noopener\">Forum on China-Africa Cooperation<\/a><\/strong><strong> in Beijing, which wrapped last Friday. <\/strong>The agreements include a host of new industrial facilities in the Suez Canal Economic Zone (SCZone) and investments in several key industries, including manufacturing, telecommunications and others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">But first, more land for Chinese investors? <\/strong><span style=\"background-color: transparent;\">The Egyptian government <\/span><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02HYwXrh97VFPdNdYDm7TTcnKpQcNq8MX7Zn3i8UNviaALDXb5Bd9tHB7PAiKx3SAYl\" rel=\"noopener\">will allocate more land<\/a><span style=\"background-color: transparent;\"> to <\/span><a target=\"_blank\" href=\"http:\/\/www.teda.com.cn\/\" rel=\"noopener\">Teda Investment Holding<\/a><span style=\"background-color: transparent;\"> \u2014 the company behind the China-Egypt TEDA trade zone \u2014 in the Suez Canal area. It has also offered to grant the company land on the Mediterranean coast in the New Alamein City to help it expand and attract new manufacturers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A handful of Chinese factory projects are in the works:<\/strong> Several Chinese companies have <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0WcKB5R8KAXEH2MEmkWBiB9uvm1QSeYTPJKkqamvo5R3jT3ANjFv99AC1w13uicu1l\" style=\"\" rel=\"noopener\">inked<\/a><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0WcKB5R8KAXEH2MEmkWBiB9uvm1QSeYTPJKkqamvo5R3jT3ANjFv99AC1w13uicu1l\" style=\"\" rel=\"noopener\">land usufruct agreements<\/a> with the China-Egypt TEDA trade zone in Ain Sokhna to set up factories there, including:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- A USD 500 mn <\/strong><strong>chlor-alkali production facility:<\/strong> Chinese chemicals manufacturer <a target=\"_blank\" href=\"https:\/\/english.befar.com\/\" style=\"\" rel=\"noopener\">Befar<\/a><a target=\"_blank\" href=\"https:\/\/english.befar.com\/\" style=\"\" rel=\"noopener\">Group<\/a> will set up a USD 500 mn chlor-alkali production facility that is set to be the first green chemical facility in Egypt and globally. The facility in its first phase will harness wind and solar energy, electricity, and natural gas to generate steam as its energy source, according to SCZone head Walid Gamal El Din. It is set to leverage the SCZone\u2019s goal to become a regional production and exports hub for green fuels, according to a <a target=\"_blank\" href=\"https:\/\/sczone.eg\/sczone-chairman-meets-officials-of-befar-group-binhua-for-chemical-industries-as-a-part-of-his-promotional-tour-in-china-on-the-sidelines-of-the-focac-forum\/\" 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>#2- A USD 300 mn glass production factory:<\/strong> Glass manufacturer <a target=\"_blank\" href=\"http:\/\/www.chinaglassholdings.com\/en\/\" style=\"\" rel=\"noopener\">China Glass Holding<\/a> will set up a USD 300 mn glass factory. The factory will produce float glass and super-white galvanized glass, each with a daily production of 800 tons. The project will target the local market as well as exports to North Africa, the Middle East and Europe, with an export capacity of up to 240k tons annually, and projected export revenues of up to USD 120 mn annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- A USD 7.5 mn starch production facility:<\/strong> Dahui Glucose and local producer <a target=\"_blank\" href=\"https:\/\/tiba-eg.com\/\" style=\"\" rel=\"noopener\">Tiba Starch<\/a> is set to establish a USD 7.5 mn modified starch factory. The project aims to meet demand for modified starch in Egypt, the Middle East, and East Africa. It will produce 20k tons annually in its first phase before ramping up annual production to 50k tons. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- GWM looks serious about setting up an auto factory in Egypt: <\/strong>Automobile manufacturer <a target=\"_blank\" href=\"https:\/\/www.gwm-global.com\/\" style=\"\" rel=\"noopener\">Great Wall Motors<\/a> (GWM) <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid023LqmDMun1jg74Ded5b3nLfBDmiH9ZSe1Fz9vAxMkCbTye7WmYV4iNyugut3c5SgAl\" style=\"\" rel=\"noopener\">made a request<\/a> for a 1 mn sqm plot of land for an auto factory it is considering setting up in the country. SCZone head Gamal Walid El Din first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/770c1a55-189d-4133-b27b-f3cac06a2adb\" style=\"\" rel=\"noopener\">disclosed such plans<\/a> last week. The facility would produce vehicles and spare parts for both the local market and export to neighboring countries and would be implemented in two phases, each with an annual production capacity of 60k vehicles. Should it make a formal decision to set up shop in the country, the government would allocate the required land and issue a golden license to expedite the project, Prime Minister Moustafa Madbouly said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Madbouly also urged other Chinese carmakers to invest in Egypt\u2019s auto industry:<\/strong> The Prime Minister <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02tCHH8evvQYVUjZhRWvVjXxYY82nFAQKtL5XTTyCyiZbs2yfydbqNSWGabKNHqHEl\" style=\"\" rel=\"noopener\">offered to give<\/a> automobile manufacturer <a target=\"_blank\" href=\"https:\/\/www.gac-motor.com\/en\/index\" style=\"\" rel=\"noopener\">GAC Motor<\/a> special incentives and a golden license to expand production to Egypt. He also <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0MBHEcFfCxk8yfocN2YKUd6bz9T7hUdNDx8jQgKjDuDspDskDDDTnH78xA1xf3WyRl\" style=\"\" rel=\"noopener\">discussed potential investments<\/a> with Henan Investment Group \u2014 the investment arm of China\u2019s Henan province \u2014 particularly in renewable energy and electric car industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- China Energy to speed up work on new facilities<\/strong>: China Energy <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02DLCbZH95B3YttMaUtypmf5tyRJTMfdBqnZxP516CjW6ebFct2xBPB22gGbH9Da5fl\" style=\"\" rel=\"noopener\">pledged to expedite<\/a> the establishment of factories and production centers for renewable energy technologies and to prioritize new energy projects, including green hydrogen and green ammonia. The company also announced plans to expand its operations in Egypt, including moving its North African headquarters here. China Energy currently runs 12 projects in the country with a combined value of USD 2 bn.<\/p>\n<p class=\"tag-border-left\">COMMUNICATIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s communications industry is luring in Chinese investors: <\/strong>The Information Technology Industry Development Agency (ITIDA) and China inked a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02BEsLhMGZbUFCwaTsQMwg6Z7pvrHdFnEosmSq921dHN2ym9kX2me2XT4L3gVb7fY8l\" style=\"\" rel=\"noopener\">number of MoUs<\/a> with Chinese tech companies to boost cooperation in communications and information technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Tsinghua Unigroup to set up USD 300 mn technology investment fund:<\/strong> State-owned technology and semiconductor manufacturer <a target=\"_blank\" href=\"https:\/\/www.unigroup.com.cn\/en\/\" style=\"\" rel=\"noopener\">Tsinghua Unigroup<\/a> inked an MoU to set up a technology investment fund with an initial capital of around USD 300 mn, of which the company and its subsidiaries will contribute 60-70%. The agreement will also see the company setting up a data center, rolling out cloud services, studying the establishment of an R&amp;D center for electronic chip design, and working on AI applications with a specific focus on developing a large language model for the Arabic language.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- FiberHome to set up shop in Egypt: <\/strong><a target=\"_blank\" href=\"https:\/\/en.fiberhome.com\/aboutfiberHome.html\" style=\"\" rel=\"noopener\">Wuhan FiberHome International Technologies<\/a> inked an MoU to set up a fiber optic cables factory that will produce 1 mn core kilometers of fiber, 500k communication terminal devices, and 3k base station antennas annually. These products will serve both the local market and be exported to the Middle East and North Africa. The MoU will also see it set up an R&amp;D center for optical networks and green transformation technology, in addition to a training center with the ICT Ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Hengtong Group to build a second factory in Egypt:<\/strong> Power and fiber optic cable manufacturer <a target=\"_blank\" href=\"https:\/\/www.hengtonggroup.com\/en\/\" style=\"\" rel=\"noopener\">Hengtong Group<\/a> inked an MoU to launch a USD 15 mn second factory in the SCZone. The company will produce fiber optic cables and FTTX network accessories, in addition to operating and maintaining submarine fiber optic cables. The factory is slated to produce 3 mn kms of fiber optic cables annually and export 40% of its production to Europe, the Middle East, and Africa. Hengtong will also establish a training academy for fiber optic communications technologies in partnership with the National Telecommunications Institute, launch a joint training program with Telecom Egypt, and work with Telecom Egypt to provide at least 2 mn housing units with passive access to fiber optic networks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- CSCEC eyes airport development gigs:<\/strong> <a target=\"_blank\" href=\"https:\/\/english.cscec.com\/\" style=\"\" rel=\"noopener\">China State Construction Engineering<\/a><a target=\"_blank\" href=\"https:\/\/english.cscec.com\/\" style=\"\" rel=\"noopener\">Corporation (CSCEC)<\/a> expressed <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02R6SHNacGY4N3xnmq5jNYmcy1dC5xdfpLKeQfY2RgwMoQYkjnMv1rYbub7HTztjPvl\" style=\"\" rel=\"noopener\">interest<\/a> in collaborating with the government on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e94bb97-4820-4349-bc3a-d65afa8cdcb1\/\" style=\"\" rel=\"noopener\">airport development efforts<\/a> and is exploring partnerships with international companies to operate new airports or terminals that will be built.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/egypt-set-for-more-lng-imports-until-winter\/\">\r\n                            Egypt set for more LNG imports until winter                        <\/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\/09\/09\/egypt-set-for-more-lng-imports-until-winter\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+set+for+more+LNG+imports+until+winter+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F09%2F09%2Fegypt-set-for-more-lng-imports-until-winter%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\/09\/09\/egypt-set-for-more-lng-imports-until-winter\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/483.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80885\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/egypt-set-for-more-lng-imports-until-winter\/483-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/483.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"483.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/483.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/483.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80884\" class=\"content-area-description single-story post-80884 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-egypt tag-lng tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.43365dd0-8fa3-4d8e-949e-62533b4c1b12.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s LNG imports may extend into winter: <\/strong>The Egyptian General Petroleum Corporation (EGPC) has issued a tender for 17 shipments of LNG for its floating import terminal at Ain Sokhna, with an additional three cargoes set for delivery to Jordan\u2019s Aqaba, a government source told EnterpriseAM Egypt. The 20 shipments are expected to be delivered from October through December, marking one of the state-owned firm\u2019s largest ever tenders, with the bidding window set to close on Thursday, 12 September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">With more expected in early 2025: <\/strong><span style=\"background-color: transparent;\">\u201cWe will need to import another 17-20 shipments in 1Q 2025,\u201d the source added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s wasn\u2019t expecting such a stretch for LNG imports: <\/strong>The Egyptian government originally laid out a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/41a69797-4ca7-4765-93c5-be8670a0e1bb\" style=\"\" rel=\"noopener\">USD 1.2 bn plan<\/a> to import fuel to power energy plants to bridge the supply gap until the end of summer, and made orders to import around 21 shipments of LNG with the assumption that demand will decline during winter and there will be no need to import until the weather starts heating up again next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Power cuts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8883e2e1-8006-4fd6-be3c-58d871338ead\" style=\"\" rel=\"noopener\">are set to return next week<\/a> after an eight-week hiatus, before ending for good by the end of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Imports at this time are rather uncommon for Egypt:<\/strong> \u201cEgypt has really been the surprise on the global LNG market,\u201d Columbia University researcher Anne-Sophie Corbeau told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-05\/egypt-seeks-to-import-lng-for-winter-as-its-gas-output-plunges\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, \u201cproduction has totally collapsed \u2026 either you reduce demand or you increase net imports.\u201d Egypt\u2019s extended demand for LNG caused a rise in European natural gas prices, which rose as much as 4% on Friday, the business news service added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move isn\u2019t just about filling a supply gap: <\/strong>The Egyptian government apparently resorted to this solution to avoid two potential problems:<\/p>\n<ul>\n<li><strong>Any possible arbitration claims from liquefaction plant operators:<\/strong> The government will direct more of the local gas production to the two liquefaction plants in Idku and Damietta, while directing more LNG imports for local consumption. This should help avoid any possible arbitration claims by the liquefaction plants\u2019 operators after the quantities of gas supplied to them declined recently.<\/li>\n<li><strong>Keeping foreign energy players happy so the investments keep coming in: <\/strong>The government will direct more domestic natural gas production to export and will allocate the export proceeds to international oil companies as part of the government\u2019s efforts to encourage new foreign investments and pay arrears owed to the foreign companies.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the topic of restarting LNG exports:<\/strong> The government is planning to resume gas supplies to its Idku plant as early as 4Q 2024, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/economics\/53045\/%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%B6%D8%AE-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D9%84%D9%85%D8%AD%D8%B7%D8%A9-%D8%A5%D8%AF%D9%83%D9%88-%D9%84%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%B1%D8%A7%D8%A8%D8%B9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a source from Shell \u2014 a shareholder in the Idku plant. The government is looking to supply Egyptian LNG \u2014 a joint venture between EGAS, EGPC, Shell, and Petronas \u2014 with some 7.2 mn metric tons of natural gas annually, the source added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt still eyes becoming a net LNG exporter once again in the long run: <\/strong>The government does not want to resort to long-term contracts despite the current favorable prices amid hopes of new natural gas discoveries that could put Egypt once again to the global export map, along with expanding renewable capacities, the source explained.<\/p>\n<p class=\"tag-border-left\">IN OTHER LNG NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- BW LNG charters a floating LNG storage unit: <\/strong>Norway\u2019s <a target=\"_blank\" href=\"https:\/\/bw-group.com\/\" style=\"\" rel=\"noopener\">BW LNG<\/a> signed a 10-year charter with Jordan\u2019s National Electric Power Company (NEPCO) to deploy a floating storage unit (FSU) at Aqaba\u2019s Sheikh Sabah LNG terminal, according to a <a target=\"_blank\" href=\"https:\/\/bw-group.com\/newsroom\/articles\/2024\/09\/bw-lng-announces-10-year-charter-with-nepco-to-enhance-jordans-energy-security\/\" style=\"\" rel=\"noopener\">press release<\/a> on Thursday. The operations, which are slated to start between 3Q and 4Q 2026, come under efforts to boost the country\u2019s energy security. Under the agreement, NEPCO will acquire ownership of the vessel at the end of the charter period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Cyprus-Egypt energy corridor talks heat up<\/strong><strong>: <\/strong>Egypt and Cyprus have \u201cbegun serious steps\u201d to reach an agreement to build a 90-km marine natural gas pipeline to connect the two countries, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/53086\/%D9%85%D8%B5%D8%B1-%D9%88%D9%82%D8%A8%D8%B1%D8%B5-%D8%AA%D8%AF%D8%B1%D8%B3%D8%A7%D9%86-%D8%B1%D8%A8%D8%B7-%D8%AD%D9%82%D9%84-%D8%A3%D9%81%D8%B1%D9%88%D8%AF%D9%8A%D8%AA-%D8%A8%D8%AA%D8%B3%D9%87%D9%8A%D9%84%D8%A7%D8%AA-%D8%AD%D9%82%D9%84-%D8%B8%D9%87%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing an unnamed government official. We also finally heard some concrete details on the pipeline, with the official telling the outlet that the pipeline will connect the Aphrodite gas field in Cypriot waters to the Zohr field\u2019s production facilities in Egypt, carrying 1 bn cubic feet of gas per day. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80886\" 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=\"80886\">\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\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/\">\r\n                            UAE\u2019s NMDC Energy to make ADX debut on Wednesday                        <\/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\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/\" 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\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/')\">\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\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/\">\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=UAE\u2019s NMDC Energy to make ADX debut on Wednesday&url=https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/\">\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\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/&title=UAE\u2019s NMDC Energy to make ADX debut on Wednesday\">\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=UAE%E2%80%99s+NMDC+Energy+to+make+ADX+debut+on+Wednesday+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F09%2F09%2Fuaes-nmdc-energy-to-make-adx-debut-on-wednesday%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\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1277.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80887\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/uaes-nmdc-energy-to-make-adx-debut-on-wednesday\/1277-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1277.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1277.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1277.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1277.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80886\" class=\"content-area-description single-story post-80886 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-ipo-watch tag-nmdc-energy tag-trade tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.072159fd-22e8-454d-a426-5dfc2bf90446.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s <\/strong><strong>NMDC Energy will ring the bell on the ADX on Wednesday, 11 September<\/strong>, with shares opening at AED 2.80 apiece, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/498.pdf\" style=\"\" rel=\"noopener\">statement by the Abu Dhabi Securities Exchange (pdf)<\/a>. The company is wrapping up its IPO which saw its parent company, the National Marine Dredging Company (NMDC), raise AED 3.22 bn after receiving over AED 88 bn in orders from investors at the close of the offering period, according to <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b518or7-nmdc-energy-ipo-closes-313-times-oversubscribed\" style=\"\" rel=\"noopener\">Wam<\/a>. The order book was 31x oversubscribed (excluding cornerstone investors).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- <\/strong><span style=\"background-color: transparent;\">NMDC is listing a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1e684e93-780e-4d4f-b107-db42d51cb8f5\" rel=\"noopener\">23% stake<\/a><span style=\"background-color: transparent;\"> in its engineering, procurement, and construction unit on ADX. Offer shares were priced at AED 2.80 a piece. NMDC\u2019s board <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5d32d034-2d2f-40ef-84c5-324113f0addf\" rel=\"noopener\">approved the IPO<\/a><span style=\"background-color: transparent;\"> last month. There are no details as to where the proceeds of the IPO will be channeled.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>FAB acted as lead receiving bank and lead manager for the IPO. ADCB, WIO Bank, and Al Maryah Community Bank served as other receiving banks. International Securities acted as the placement agent and listing advisor. Hadef &amp; Partners were the legal advisors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NMDC has a busy project pipeline:<\/strong> NMDC is currently participating in tenders for projects worth AED 75 bn within and outside the MENA region, its CEO Yasser Zaghloul <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/20a01541-4d66-4589-9caa-8f2372287380\" style=\"\" rel=\"noopener\">said in July<\/a>. It has secured its first project in Europe, and plans to expand its footprint further in the continent and other active global markets, Zaghloul said, without disclosing further details. It was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5d32d034-2d2f-40ef-84c5-324113f0addf\" style=\"\" rel=\"noopener\">recently awarded<\/a> a contract worth over USD 200 mn from Adnoc for marine dredging works at the Ruwais liquified natural gas (LNG) project. The project is expected to be completed within 10 months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are also plans to boost NMDC Energy\u2019s<\/strong> <strong>capacity: <\/strong>NMDC Energy inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff0b8765-c0aa-4352-a0a3-9dcbbec6dbe1\" style=\"\" rel=\"noopener\">50-year lease agreement in June<\/a> to set up a new manufacturing facility in Abu Dhabi\u2019s Khalifa Economic Zone (Kezad). The agreement will see NMDC Energy invest some AED 367 mn (USD 100 mn) into the facility, which is expected to create 3k new jobs. The 224k sqm facility will offer top-tier services such as engineering, procurement, project management, fabrication, installation, and commissioning to the local oil and gas sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About NMDC Energy:<\/strong> The firm, formerly known as National Petroleum Construction Company, was founded by Adnoc in 1973, according to their <a target=\"_blank\" href=\"https:\/\/www.nmdc-energy.com\/en\/\" style=\"\" rel=\"noopener\">website<\/a>. It specializes in offshore construction, operating in the oil, gas, and energy industry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/nmdc-energy\/\">NMDC Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80888 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=\"80888\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/80888\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80888\" class=\"content-area-description single-story post-80888 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80889\" 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=\"80889\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/\">\r\n                            Bahrain and Hungary sign investment agreement to boost bilateral trade                        <\/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\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/\" 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\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/')\">\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\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bahrain and Hungary sign investment agreement to boost bilateral trade&url=https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/\">\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\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/&title=Bahrain and Hungary sign investment agreement to boost bilateral trade\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bahrain+and+Hungary+sign+investment+agreement+to+boost+bilateral+trade+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F09%2F09%2Fbahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade%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\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/602.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80890\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/bahrain-and-hungary-sign-investment-agreement-to-boost-bilateral-trade\/602-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/602.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"602.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/602.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/602.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80889\" class=\"content-area-description single-story post-80889 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-bahrain tag-diplomacy tag-trade tag-transport 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\/9\/.fa655ab7-70f5-465f-a303-0cdce4e36a36.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahrain and Hungary inked an agreement to foster the exchange of investments <\/strong><strong>trade<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bna.bh\/.aspx?cms=q8FmFJgiscL2fwIzON1%2BDssnLyxeLFRkGzRfh4lCFNE%3D\" style=\"\" rel=\"noopener\">BNA<\/a> reported. The agreement aims to develop economic and trade windows, attract joint investments, and improve their joint economic committee efforts to promote cooperation between the two parties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">IN OTHER DIPLO NEWS-<\/strong><\/p>\n<ul>\n<li><strong>Egypt and Qatar discuss transport cooperation<\/strong><strong>: <\/strong>Egypt\u2019s Industry and Transport Minister Kamel El Wazir met with his Qatari counterpart to discuss bolstering cooperation in the transport field. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid02nKtbK6e4fxTKszZGLxaS5xFbvJutZJR3VJi4866FyCNYdToko4rHkDCNv3wGF9Dpl\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>UAE + DRC eye trade expansion<\/strong><strong>: <\/strong>UAE\u2019s President Mohamed bin Zayed Al Nahyan met with Democratic Republic of Congo counterpart Congo Felix Tshisekedi to explore ways to boost bilateral cooperation in trade, investment, renewable energy and others. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b51u4og-uae-and-democratic-republic-congo-presidents\" style=\"\" rel=\"noopener\">WAM<\/a>)<\/li>\n<li><strong>UAE and UK discuss strategic ties: <\/strong>In his first visit to the UAE, UK Foreign Secretary David Lammy met with Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan to discuss trade, investments and clean energy. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b52fjyo-joint-statement-issued-following-meeting-between\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Jordan + Bahrain talk transportation partnership:<\/strong> Jordan and Bahrain discussed a cooperation agreement on transportation and maritime traffic between the two countries. (<a target=\"_blank\" href=\"https:\/\/www.almamlakatv.com\/news\/150217-%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%AA%D8%A8%D8%AD%D8%AB-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D9%86%D9%8A-%D9%81%D9%8A-%D8%B9%D9%85%D8%A7%D9%86-%D8%A3%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%AC%D8%A7%D9%84%D8%A7%D8%AA-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A8%D9%84%D8%AF%D9%8A%D9%86\" style=\"\" rel=\"noopener\">Al Mamlakah<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80891\" 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=\"80891\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/maersk-taps-lisa-park-as-new-managing-director-for-uae\/\">\r\n                            Maersk taps Lisa Park as new managing director for 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\/09\/09\/maersk-taps-lisa-park-as-new-managing-director-for-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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Park will also oversee the business and teams in Oman and Qatar, bringing over two decades of experience in the shipping and logistics industry to her new role. She most recently served as the Regional Head of Sales for the IMEA region since March 2023. Park also served as the Regional Head of Transformation and Customer Outcomes for West Central Asia.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/maersk\/\">Maersk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"80893\" 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=\"80893\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-and-the-uae\/\">\r\n                            Aviation and warehousing updates from Qatar, Egypt 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\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-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\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-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\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-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=Aviation and warehousing updates from Qatar, Egypt and the UAE&url=https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-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\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-and-the-uae\/&title=Aviation and warehousing updates from Qatar, Egypt 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=Aviation+and+warehousing+updates+from+Qatar%2C+Egypt+and+the+UAE+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F09%2F09%2Faviation-and-warehousing-updates-from-qatar-egypt-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\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-and-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/598.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80894\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/aviation-and-warehousing-updates-from-qatar-egypt-and-the-uae\/598-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/598.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"598.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/598.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/598.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80893\" class=\"content-area-description single-story post-80893 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-dnata tag-egypt tag-qatar tag-storage-warehouses tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.e4d0aa3e-afb4-426a-824d-e38363d35ae2.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EgyptAir Cargo inks three Asia to Europe air freight contracts<\/strong><strong>:<\/strong> EgyptAir Cargo \u2014 the cargo division of Egypt\u2019s flagship carrier EgyptAir \u2014 signed three contracts with three global shipping agents to launch operations of new freighter routes, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MediaEGYPTAIR\/posts\/pfbid0H5K6M7NViyV6acriotpq5shtzSUWfazcA7yZ8kqxzHKRDxVwH1XjBycY5KYjMvCwl\" style=\"\" rel=\"noopener\">statement<\/a> last week. The first contract with Hong Kong Link Global International Logistics will see the airline operate regular flights on a route from Hong Kong to Italy\u2019s Milan. It also signed two contracts with El Masria Co. for Trading to operate flights between Hong Kong to Turin, via stations in Cairo and Bangkok, and from Belguim\u2019s Ostend to Turin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Dnata transitions to biodiesel in the UAE: <\/strong><span style=\"background-color: transparent;\">Dubai-based airport services provider is partnering with Dubai Airports and Emirates National Oil Company Group (ENOC) to implement a fleet-wide transition to biodiesel in the UAE, according to a <\/span><a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/dnata-further-reduces-carbon-footprint-with-fleet-wide-transition-to-biodiesel-in-uae\/\" rel=\"noopener\">press release<\/a><span style=\"background-color: transparent;\">. The initiative is projected to reduce CO2 by over 3.5k tonnes annually over the lifecycle of the fuel consumed by dnata\u2019s fleet.<\/span><\/p>\n<p class=\"tag-border-left\">STORAGE + WAREHOUSES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar and Uzbekistan are discussing setting up a hub to distribute Uzbek <\/strong><strong>products at Qatar\u2019s Hamad Port<\/strong>, <a target=\"_blank\" href=\"https:\/\/en.trend.az\/casia\/uzbekistan\/3941486.html\" style=\"\" rel=\"noopener\">Trend<\/a> reported on Thursday. Qatar Airways will provide cargo transportation for the initiative. The two sides also inked an agreement to bolster economic cooperation to promote investments.<\/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>ADQ expands logistics operations:<\/strong> Abu Dhabi Developmental Holding Company (ADQ) is taking over the management, operation, and development of the Abu Dhabi toll system Darb and the Abu Dhabi parking system Mawaqif. (<a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/adq-to-oversee-operations-and-management-of-darb-and-mawaqif-services-under-the-regulatory-supervision-of-department-of-municipalities-and-transport-and-integrated-transport-centre-abu-dhabi-mobility\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Dubai Chambers + China ink trade agreement<\/strong><strong>:<\/strong> Dubai Chambers inked an MoU with China Council for the Promotion of International Trade Tianjin Sub-council (CCPIT) to boost Chinese investments in Dubai and support Dubai-based companies\u2019 expansion into the Chinese market. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/dubai-chambers-signs-mou-with-china-council-for-the-promotion-of-international-trade-tianjin-sub-council-axuwwrlq\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Etihad Airways adds new European routes<\/strong><strong>:<\/strong> UAE\u2019s Etihad Airways will launch direct flights to Poland\u2019s Warsaw and Czechia\u2019s Prague starting 2 June 2025. (<a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/news\/etihad-airways-announces-two-new-routes-to-warsaw-and-prague\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Milaha awarded Food Safety System Certification<\/strong><strong>:<\/strong> Qatar Navigation (Milaha) was awarded the FSSC Foundation\u2019s Food Safety System Certification for its adherence to regional warehousing regulations and global food safety standards. (<a target=\"_blank\" href=\"https:\/\/www.milaha.com\/en\/news-and-media\/milaha-achieves-fssc-22000-certification-underlining-commitment-world-class-food\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dnata\/\">Dnata<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80895\" 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=\"80895\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/09\/singapore-to-build-changis-mega-terminal-5-in-1h-2025\/\">\r\n                            Singapore to build Changi\u2019s mega Terminal 5 in 1H 2025                        <\/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\/09\/09\/singapore-to-build-changis-mega-terminal-5-in-1h-2025\/\" 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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Changi Airport, which is the busiest travel hub in Southeast Asia, handled almost 60 mn passengers last year as travel demand picked up. Passenger traffic in 1H 2024 at the airport recovered to reach almost 100% of pre-pandemic levels, Wong said. The expansion plans for Terminal 5 were previously announced over a decade ago, but the project was halted for over two years due to the pandemic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other neighbors are copying: <\/strong>Global passenger traffic, which is expected to double by 2042 to almost 20 bn, is driving other cities to expand their handling capacities, according to d <a target=\"_blank\" href=\"https:\/\/aci.aero\/2024\/02\/13\/the-trusted-source-for-air-travel-demand-updates\/\" style=\"\" rel=\"noopener\">ata by Airports Council International<\/a>. Vietnam is building a new airport near Ho Chi Minh City that is able to accommodate 100 mn passengers, while Hong Kong is allocating more than USD 18 bn to expand its international hub. \u201cSome have announced plans for mega airports that can handle more than 100 million passengers a year,\u201d Wong said. \u201cSo they are narrowing the gap with Singapore.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Europe\u2019s air safety regulator ordered inspections on some Airbus A350-1000 <\/strong><strong style=\"background-color: transparent;\">engines as a precautionary measure <\/strong><span style=\"background-color: transparent;\">after an engine caught fire on a Cathay Pacific jet last week, <\/span><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/part-airbus-a350-fleet-faces-inspection-regulator-says-2024-09-05\/\" rel=\"noopener\">Reuters<\/a><span style=\"background-color: transparent;\"> reported on Friday. \"This action is a precautionary measure, based on the information received from the initial investigation of the recent Cathay Pacific serious incident and on the airline\u2019s findings in its own subsequent inspections,\" the European Union Aviation Safety Agency (EASA) Executive Director Florian Guillermet said. They gave airlines between three and 30 days to carry out visual checks and measurements on the fuel hoses, and called for removal of parts if they were found damaged.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Several Asian Airbus A350 operators said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e5f5b5a4-a26f-421e-8a2f-aaf8c930ddc9\" style=\"\" rel=\"noopener\">last week<\/a> that they were carrying out inspections on the aircrafts\u2019 Rolls-Royce engines after Cathay Pacific found that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c9197c21-d24d-4f09-ba4d-0a98947ad78a\" style=\"\" rel=\"noopener\">15 of its planes<\/a> required fuel line repairs. Rolls-Royce has not issued an official mandate for fleet-wide inspections of the engine type. The problem reportedly surfaced on a Zurich-bound flight several minutes after take-off from Hong Kong, forcing the plane to turn back and land 75 minutes after departure.<\/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>Potential US port strike seems likely:<\/strong> The US East Coast ports union \u2014 the International Longshoremen's Association (ILA) union \u2014 have voiced support for a potential strike on 1 October, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/09\/05\/port-union-voices-full-support-for-strike-raising-us-economic-fears.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reported on Thursday. The strike could impact some 43% of all <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">all US imports with bns of USD lost in trade monthly. The US trade deficit in goods and services <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/us-trade-deficit-widens-to-78-8-billion-largest-in-two-years?srnd=phx-economics-trade\" style=\"\" rel=\"noopener\">increased 7.9% to USD 78.8 bn<\/a> in July 2024, driven by a surge in imports of goods as companies attempt to secure supplies ahead of the news. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The union and the US Maritime Alliance employer group reached an impasse over the establishment of a new contract, after a two-day meeting of the union\u2019s wage committee concluded in a stalemate. The US Maritime Alliance said they remain committed and prepared to relaunch negotiations with the ILA to develop a new master contract in an effort to avoid a strike.<\/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>Russia bumps 2024 oil and gas export revenues:<\/strong> Russia has boosted its forecast for the oil and gas export sales by USD 17.4 bn to reach 239.9 million metric tons, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/russia-raises-forecast-2024-oil-gas-export-revenues-by-174-bln-document-shows-2024-09-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing a document it has seen. Russian crude oil exports are seen increasing from 238.3 mn tons in 2023. The document shows the average price of Russian oil sold for exports rising to USD 70 per barrel, up USD 5 estimates in April. It also showed a revision upwards for natural gas prices sold in Europe and China.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A boost in earnings: <\/strong>A USD 240 bn revenue from oil and gas exports in 2024 means a USD 13 bn increase from last year, according to Reuters. The forecast for 2025 was also raised to USD 236.5 bn from an earlier forecast of USD 226.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YET- <\/strong>Russian oil production is seen easing to 521.3 mn tons this year from 529.6 mn tons last year, down 1.7 mn tons from the previous estimate. Oil output forecasts for 2025 were also revised downwards, with production seen inching down to 518.6 mn tons.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/airbus\/\">Airbus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80897\" 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\/09\/09\/80897\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80897\" class=\"content-area-description single-story post-80897 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;margin:0;line-height:1.15;orphans:2;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>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 style=\"font-weight:400;\">, 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>12-14 October (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2024\/8\/1791.pdf\" style=\"\">Global Logistics Forum 2024<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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>13-15 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.azernews.az\/business\/230842.html\" style=\"\">ITC North-South - New Horizons<\/a><\/span><span>, Astrakhan, Russia<\/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;\">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>4-6 November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tiaca.org\/tiaca-to-hold-air-cargo-forum-2025\/\" style=\"\">The International Air Cargo Association TIACA\u2019s Air Cargo Forum 2025<\/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 style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">2026 UNCTAD Global Supply Chains Forum, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Lots of Egypt investment news | Egypt\u2019s LNG imports will continue for a while | UAE\u2019s NMDC Energy will make its ADX debut on 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