{"id":81611,"date":"2024-10-14T00:00:00","date_gmt":"2024-10-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=81611"},"modified":"2025-12-15T15:27:13","modified_gmt":"2025-12-15T15:27:13","slug":"its-a-blockbuster-day-for-logistics-forums","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/its-a-blockbuster-day-for-logistics-forums\/","title":{"rendered":"It\u2019s a blockbuster day for logistics forums"},"content":{"rendered":"<section id=\"81613\" 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=\"81613\">\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\/10\/14\/today-its-a-blockbuster-day-for-logistics-forums-asyad-breaks-ground-on-muscat-airport-freezone\/\">\r\n                            TODAY: It\u2019s a blockbuster day for logistics forums + Asyad breaks ground on Muscat Airport Freezone                        <\/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\/10\/14\/today-its-a-blockbuster-day-for-logistics-forums-asyad-breaks-ground-on-muscat-airport-freezone\/\" 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, the latest bad news from the Boeing saga\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a><\/strong><strong>THE BIG LOGISTICS STORY ABROAD- Boeing cuts nearly 10% of its workforce: <\/strong>Boeing said it plans to cut 17k jobs \u2014 nearly 10% of its workforce \u2014 and delay its delivery of the 777X jet as the embattled company enters its fifth week of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/36d8252c-567f-41fa-b06b-b15b084a8727\/%253cmark%253eboeing%253c%2Fmark%253e-withdraws-offer-as-union-talks-hit-another-stalemate\" style=\"\" rel=\"noopener\">machinists\u2019 strike<\/a> that has brought production of two of its models to a standstill. The company is currently waiting for the US\u2019 National Labor Relations Board to rule on the unfair labor practice charge Boeing filed against the machinists\u2019 union last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A bleak earnings outlook:<\/strong> The aviation giant\u2019s 3Q earnings, set to be released later this month, will be impacted by \u201cnear-term challenges\u201d due to the ongoing strikes and charges in the commercial aircraft sector, CEO Kelly Ortberg said in a preliminary earnings <a target=\"_blank\" href=\"https:\/\/investors.boeing.com\/investors\/news\/press-release-details\/2024\/Boeing-Reports-Preliminary-Third-Quarter-Results\/default.aspx\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The firm forecasts a topline of around USD 17.8 bn, but a better than expected negative operating cash flow settling at USD 1.3 bn, instead of the expected USD 3.8 bn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-cut-17000-jobs-delay-first-777x-delivery-strike-hits-finances-2024-10-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There will be delayed 777x delivery dates:<\/strong> Boeing has pushed back delivery dates of its new 777x aircrafts, with first delivery of its 777-9 airplane forecasted to be in 2026 and its 777-8 freighter aircraft in 2028. The delays are attributed to setbacks in flight testing for the individual aircraft models and the labor strikes, says the statement. The manufacturer also announced plans to halt its 767 freighter program in 2027, after it completes and delivers the 29 planes on order.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story has grabbed a lot on ink in the int\u2019l press over the weekend:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0807d7e6-27e6-4561-8df2-424f201c2774\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-cut-17000-jobs-delay-first-777x-delivery-strike-hits-finances-2024-10-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/10\/11\/boeing-layoffs-factory-strike.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/business\/2024\/10\/11\/boeing-layoffs-strike\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" rel=\"noopener\">Le Monde<\/a> | <a target=\"_blank\" href=\"https:\/\/news.sky.com\/story\/boeing-to-cut-17-000-jobs-amid-worker-strike-and-financial-losses-13232328\" style=\"\" rel=\"noopener\">Sky News<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-11\/boeing-to-cut-workforce-by-10-as-strike-eats-into-reserves\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/10\/11\/business\/boeing-to-conduct-layoffs\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> <\/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>The <\/strong><strong><a target=\"_blank\" href=\"http:\/\/v\" style=\"\" rel=\"noopener\">Global Logistics Forum<\/a><\/strong><strong> is wrapping today in<\/strong><strong> Riyadh. <\/strong>The forum gathers key industry players, government officials, and industry experts to discuss optimizing operations and driving growth in the logistics sector with a specific focus on how the sector can adapt to global climate change and incorporate sustainability into their supply-chain operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gaaf2024.com\/\" style=\"\" rel=\"noopener\">Global Airport & Aviation Forum<\/a><\/strong><strong> is kicking off on Wednesday and will run through to <\/strong><strong>Thursday in Jeddah.<\/strong> The forum will bring together aviation leaders and experts to discuss future projects in the aviation industry, including new airport developments, capacity upgrades and expansions, new aircraft orders, and important airport services. <\/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>#1- Crown Prince Mohammed bin Salman will reportedly skip the BRICS summit in<\/strong><strong> Russia next week. <\/strong>Instead, Foreign Minister Faisal bin Farhan Al Saudi will represent Saudi Arabia at the summit, which runs from 22-24 October, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/saudis-mbs-will-not-attend-russias-brics-summit-2024-10-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing a Kremlin statement. The Crown Prince\u2019s absence will make Saudi Arabia the only country not represented by its leader, according to Russian President Vladimir Putin\u2019s foreign policy aide, Yuri Ushakov. Although Russia extended <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/25e491f7-eca3-4c49-876a-b7246b7ecefd\/crown-prince-hosts-russia%25e2%2580%2599s-lavrov-amid-gcc-ministerial-talks\" style=\"\" rel=\"noopener\">an invitation to the Crown Prince<\/a>, no reason was given for his absence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Officials in Riyadh said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f48dabdb-e452-4158-b309-db4206855136\" style=\"\" rel=\"noopener\">earlier this year<\/a> that the Kingdom is still considering an invitation to join BRICS. The remarks in February came after South Africa\u2019s foreign minister said the Kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/22dfbf48-e5d5-40bc-b602-ba121a6c438b\" style=\"\" rel=\"noopener\">had formally joined the alliance<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a><\/strong><strong>#2- <\/strong><strong>KSA is <\/strong><strong>set to begin construction <\/strong><strong>on its USD <\/strong><strong>7 bn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1b6ab98f-8090-463c-a144-4f2c078e1b2c\/american-european-consortium-snags-project-management-contract-for-usd-7-bn-saudi%253cmark%253e-land-bridge%253c%2Fmark%253e-megaproject\" style=\"\" rel=\"noopener\">land bridge project<\/a><\/strong><strong> in early 2025<\/strong>, with negotiations for the final cost and financing of the project near the closing stages, <a target=\"_blank\" href=\"https:\/\/www.meed.com\/saudi-landbridge-construction-expected-to-start-in-2025\" style=\"\" rel=\"noopener\">MEED<\/a> reported last week, citing a source close to the project. The project, slated for completion in seven years, will connect the Kingdom\u2019s Red Sea coast to the Arabian Gulf and features six railway lines, and seven logistics centers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>MORE FROM THE GROUND- Egypt will reportedly launch trial operations of the first phase of its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/81d13a3c-e79f-4ff1-93a2-19049c1eb8c7\/\" style=\"\" rel=\"noopener\">USD 1.8 bn Egypt-Saudi interconnection project<\/a><\/strong><strong> in April 2025 instead of May<\/strong>, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/56237\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A8%D8%AF%D8%A1-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%A7%D9%84%D8%B1%D8%A8%D8%B7-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A3%D8%A8%D8%B1%D9%8A%D9%84\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported on Thursday, citing an unnamed government source. The first phase of the project \u2014 which will see 1.5 GW of the planned 3 GW come online \u2014 is set to be completed by June instead of July 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT UPDATES- <\/strong><strong>Egypt\u2019s General Authority for Investment and Freezoneswill set up five <\/strong><strong>more freezones<\/strong> under the special freezones system in response to investor demand, an unnamed government official told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/10\/10\/%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D9%84%D9%80-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B7%D8%B1%D8%AD-5-%D9%85%D9%86%D8%A7%D8%B7%D9%82-%D8%AD%D8%B1%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D8%A3%D9%8A%D8%A7%D9%85\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The new zones will be located in Greater Cairo and New Alamein and will cover various sectors. The in-the-works zones are in addition to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dcf991e8-4a1f-452f-a564-0799601e83e5\/egypt-wants-to-get-back-on-jpmorgan%25e2%2580%2599s-em-indices\" style=\"\" rel=\"noopener\">six areas<\/a> already listed in GAFI\u2019s plan for next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>US announces a new round for sanctions against Iran: <\/strong>The US has expanded its targeted sanctions against Iran\u2019s petrochemical and petroleum sectors after Iran fired a missile on Israel earlier this month, according to a <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy2644\" style=\"\" rel=\"noopener\">press release<\/a> on Friday. The new sanctions include measures against Iran\u2019s \u2018ghost fleet\u2019 that reportedly carries Iran\u2019s illicit oil to buyers around the world. The government is also designating 16 entities and 17 vessels as blocked property on the back of their involvements in shipments of petroleum and petrochemical productions in line with the national Iranian Oil Company. It also imposed sanctions on six entities involved in Tehran\u2019s petroleum trade and identified six ships as blocked property. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It won\u2019t stop here: <\/strong>The US could possibly cut off Iran\u2019s oil exports through tougher enforcement of previously imposed sanctions and increased monitoring of vessels with transponders turned off, Eurasia Group told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-expands-sanctions-against-iran-treasury-dept-says-2024-10-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Friday. It could also try to yield pressure on other countries \u2014 including Malaysia, Singapore, and the UAE \u2014 to support its enforcement efforts. Other actions possibly include targeting Chinese firms shipping Iranian crude, as China buys nearly 90% of Iran\u2019s crude-oil exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Turkey goes ahead with anti-dumping duties: <\/strong>Turkey will impose anti-dumping duties on steel imports coming in from China, Russia, India and Japan to crackdown on unfair competition following appeals from domestic producers, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/turkey-imposes-anti-dumping-duties-steel-imports-china-russia-india-japan-2024-10-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing an Official Gazette statement. The duties, which are valued at some USD 2 bn to USD 2.2 bn, are slated to impact some 4 mn tons of product imports, Turkish Steel Producers Association secretary general Veysel Yayan told the newswire. The duties vary from 6.10% to 43.3% of cost, insurance and freight prices, with the highest tariffs falling on Chinese imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Oman\u2019s OTTCO to award storage project consultancy by early next year<\/strong><strong>:<\/strong> Oman Tank Terminal (OTTCO) is expected to award the FEED consultancy services contract for the Ras Markaz crude oil import and export storage terminal expansion project in 1Q 2025, sources close to the project told <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/oil-and-gas\/omans-ottco-likely-to-award-crude-oil-storage-feed-consultancy-contract-in-q1-2025-h2lt3wty\" style=\"\" rel=\"noopener\">Zawya Projects<\/a> on Thursday. The facility, to be located some 70 km south of Duqm, is expected to be completed by 4Q 2027 and looks to boost the terminal's crude oil storage capacity. The tender was initially issued in August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>Peninsula expands Middle East operations<\/strong><strong>: <\/strong>Global maritime fuel supplier Peninsula is launching new supply operation depots for conventional and alternative bunker fuels in Abu Dhabi and Jebel Ali, adding to its existing operations in Fujairah, CEO Kenny MacLean told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/peninsula-expands-supply-conventional-alternative-marine-fuels-2024-10-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on the sidelines of SIBCON 2024 last week. The company will concentrate its LNG bunker services on established shipping routes and areas near LNG infrastructure and loading facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong> Oil prices shed 1.5% in early morning trading in response to fears regarding <\/strong><strong>weakened demand on the back of disappointing inflation data from China, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-fall-by-more-than-1-chinese-economic-data-2024-10-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures lost USD 1.26 trading at USD 77.78 a barrel at 040.20 GMT, while US West Texas Intermediate (WTI) futures fell USD 1.20 to USD 74.36 a barrel. Official data released on Saturday showed China's deflationary pressures worsened last month leaving investors in a tough spot when assessing the overall size of China\u2019s stimulus package to revive the economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+ is prioritizing high oil prices over market share<\/strong> amid weak demand and rising output from non-member oil producers, Salih Yilmaz, senior analyst at Bloomberg Intelligence, told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/56014\/%D8%A8%D9%84%D9%88%D9%85%D8%A8%D8%B1%D8%BA-%D8%A3%D9%88%D8%A8%D9%83-%D9%8A%D9%81%D8%B6%D9%84-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D9%86%D9%81%D8%B7-%D9%85%D8%B1%D8%AA%D9%81%D8%B9%D8%A9-%D8%B9%D9%84%D9%89-%D8%AD%D8%B3%D8%A7%D8%A8-%D8%AD%D8%B5%D8%AA%D9%87-%D8%A7%D9%84%D8%B3%D9%88%D9%82%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business (watch, runtime, 8:28)<\/a>. Opec+ does not anticipate long-term market share issues as high-cost producers are expected to exit the market by 2030, Yilmaz said, nodding to shares recently accumulated by US shale operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Survey insights:<\/strong> Some 70% of respondents see Opec+ maintaining its price-supporting strategy, while 72% do not expect Opec+ to pursue market share growth at the expense of prices into 2025, according to a recent Bloomberg Intelligence survey.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Opec+ initially planned to start phasing out production cuts in October, but later <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6fd1f54f-2a08-4db2-bb29-95548d661e52\/nmdc-energy-closes-aed-3.2-bn-ipo-with-31x-oversubscription-rate%3B-shares-start-trading-11-september\" style=\"\" rel=\"noopener\">scrapped<\/a> the plans as the price of oil sagged. The UAE is set to raise production in 2025, after Opec+ <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54d158d4-5a72-498f-9604-196685f72a65\/%253cmark%253eopec%253c%2Fmark%253e%2B-extends-supply-cuts,-granting-the-uae-a-higher-production-quota-for-2025\" style=\"\" rel=\"noopener\">granted<\/a> it a higher production quota of 3.5 mn barrels per day in 2025, up from the current 2.9 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch for next: Oped will release its October oil market report today<\/strong>, while the IEA will follow suit tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Iraq has started exporting 800 to 1k metric tons per day of jet fuel to global <\/strong><strong>markets as Middle East prices surge<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.oil.gov.iq\/?article=2315\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The move is part of Iraq\u2019s plan to strengthen its global position as a producer and exporter of oil and its derivatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong> Baltic index sees slight bump<\/strong><strong>: <\/strong>The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 rose <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">1.1% to 1,809 points<\/a> on Friday, breaking a nine-day losing streak. The capesize index was up about 80 points to 2,835 points, while the panamax index dipped 20 points to 1,435 points. The smaller supramax was down 5 points to 1,269 points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>The Drewry World Container Index fell by 4% to USD 3,349 per 40-ft container on <\/strong><strong>Thursday<\/strong>, according to the latest <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\" rel=\"noopener\">index readings<\/a>. Spot rates for 40-ft containers are now 68% below the previous pandemic peak of USD 10.4k in September 2021, but remains 136% above the pre-pandemic rate of USD 1.4k. The average composite index YTD is USD 4,097 per 40ft container, which is USD 1,248 higher than the 10-year average rate of USD 2,831.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Shipping volume passing through the Suez Canal was <\/strong><strong><a target=\"_blank\" href=\"https:\/\/x.com\/IMFNews\/status\/1844524506326634530?t=M1tc3Z7Rwm7u7TeMchyqzQ&s=09\" style=\"\" rel=\"noopener\">down 70%<\/a><\/strong><strong> y-o-y in 3Q 2024<\/strong>, as shipping lines continue to divert away from the route amid continued Houthi attacks on passing vessels, according to data from the IMF\u2019s <a target=\"_blank\" href=\"https:\/\/portwatch.imf.org\/pages\/573013af3b6545deaeb50ed1cbaf9444\" style=\"\" rel=\"noopener\">PortWatch<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Airbus deliveries were down 9% y-o-y in September to 50 jets<\/strong>, raising concerns that the manufacturer could fall short of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ec03f0a1-33d7-4cd2-8071-3a18c0fda5b6\/no-end-on-the-horizon-for-the-boeing-strike,-airbus-deliveries-stalled-in-september\" style=\"\" rel=\"noopener\">770 aircraft delivery target<\/a> for this year, according to a <a target=\"_blank\" href=\"https:\/\/www.airbus.com\/en\/products-services\/commercial-aircraft\/orders-and-deliveries\" style=\"\" rel=\"noopener\">statement<\/a> cited by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/airbus-confirms-deliveries-fell-50-jets-september-2024-10-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Thursday. The manufacturer delivered 497 jets this year by the end of September, which means it needs to deliver 273 in the next quarter to reach its goal. The planemaker revised its annual target in July to 770 aircrafts, down from 800. The manufacturer has blamed shortages of engines and other parts for lags in deliveries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a positive note: <\/strong>The firm has managed to boost its delivery figures by 2% y-o-y, delivering 487 jets to 77 customers this year, compared to 488 to 78 customers between January and September the year prior. <\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE exporters will no longer be required to provide exit certificates from freezones or simil<\/strong><strong>ar facilities to reclaim Value Added Tax (VAT)<\/strong>, following new <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/907.pdf\" style=\"\" rel=\"noopener\">amendments to VAT regulations (pdf)<\/a> by the UAE\u2019s Finance Ministry, set to take effect 15 November. Under the updated rules, exporters will only need to submit standard documentation to verify goods have left the UAE, including either:<\/p>\n<ul>\n<li>Official evidence, such as an export certificate issued by customs;<\/li>\n<li>Commercial evidence, such as documents from transport companies (i.e. air, sea, or land waybills\/manifests);<\/li>\n<li>A shipping certificate provided by transportation companies when commercial evidence isn\u2019t available.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other changes worth noting: <\/strong>The export of services like restaurant, hotel, and catering services; cultural, artistic, sporting educational services; real estate services; and transportation services will be subject to VAT. Meanwhile, businesses can now recover VAT input expenses for health ins. provided to employees\u2019 spouses and up to three children; and government transfer of real estate assets will be exempt from VAT.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The cabinet <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8be9eb79-f66c-4aae-b3fa-61436161071b\/finmin-issues-vat-amendments-to-encourage-investments\" style=\"\" rel=\"noopener\">approved<\/a> the amendments earlier this week, with one of the major changes being an exemption of investments through fund managers and the transfer and conversion of crypto from the 5% VAT.<\/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 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                 <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1063.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81617\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/ksas-global-logistics-forum-inks-sar-17-bn-worth-of-agreements-on-first-day\/1063-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1063.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1063.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1063.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1063.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81616\" class=\"content-area-description single-story post-81616 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-aviation tag-investment-watch tag-saudi-arabia 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\/10\/.dec8be2b-68d7-45af-8a61-7be15226ca12.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia has reportedly inked 69 agreements worth over SAR 17 bn, during the first <\/strong><strong>day of its Global Logistics Forum in <\/strong><strong>Riyadh<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1760536\" style=\"\" rel=\"noopener\">Argaam<\/a> reports, citing a statement made by Saudi Transport and Logistics Service Minister Saleh Al Jasser to Al Arabiya TV yesterday. Information on specific agreements is still trickling in as we head to dispatch. The forum is set to conclude today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The Kingdom has its sights set on growing into a global logistics hub by 2030 with plans to <\/strong><strong style=\"background-color: transparent;\">funnel a whopping SAR 1 tn into its logistics sector<\/strong><span style=\"background-color: transparent;\">, Saudi Transport and Logistics Services Minister Saleh bin Nasser Al Jasser <\/span><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2187565\" rel=\"noopener\">said<\/a><span style=\"background-color: transparent;\"> yesterday at the opening ceremony of the forum in Riyadh. SAR 200 bn of this amount has already been allocated under the National Transport and Logistics Strategy launched in mid-2021.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Air freight plans:<\/strong> Saudi\u2019s General Authority of Civil Aviation (GACA) is reviewing applications from four undisclosed international companies looking to enter Saudi Arabia\u2019s air-freight market, Gaca President Abdulaziz Al-Duailej told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/10\/12\/article_2751289.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a>. Saudi wants to expand its air freight fleet from the current seven cargo planes to 27 and plans to increase the overall number of aircraft in the Kingdom from 241 to 657 by 2030, Al-Duailej <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/w2187602\" style=\"\" rel=\"noopener\">said<\/a> at the forum. Saudi\u2019s fleet would include 187 wide-body and 470 narrow-body aircraft, positioning the Kingdom\u2019s aviation infrastructure as a globally competitive power, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Four airports will be offered for private sector management in 2025<\/strong>, Investment Minister Khalid Al-Falih was quoted by the media <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/travel-and-tourism\/2024\/10\/13\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%A7%D8%AA%D8%A7%D8%AD%D8%A9-4-%D9%85%D8%B7%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%A7%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.skynewsarabia.com\/business\/1747844-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A7%D9%95%D8%AA%D8%A7%D8%AD%D8%A9-4-%D9%85%D8%B7%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%A7%D9%95%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-2025\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s some of the agreements inked on the first day:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- KSIADC + Ewpartners partner to develop logistics zone:<\/strong> King Salman International Airport Development Company (KSIADC) inked a MoU with international private equity firm <a target=\"_blank\" href=\"http:\/\/ewpartners.fund\/\" style=\"\" rel=\"noopener\">Ewpartners<\/a> to explore the development of an e-commerce and logistics special economic zone within King Salman International Airport, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2187530\" style=\"\" rel=\"noopener\">Spa<\/a> reports. The zone is slated to boost logistical linkages between China and Saudi Arabia, to expand the Kingdom\u2019s footing as a key regional air cargo hub. The investment ticket was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Agility sees logistics facilities near RUH: <\/strong>Kuwait\u2019s Agility inked an agreement with the Saudi Railway Company (SAR) to explore the requirements for establishing storage, transportation and processing facilities in Sudair City for Industry and Businesses and near King Khalid International Airport (RUH), according to a <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/agility-signs-mou-with-saudi-railway-company\/\" 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>#3- Licenses for Riyadh SILZ:<\/strong> GACA has awarded four commercial licenses to leading global companies in the fields of innovative technology, artificial intelligence, logistics services, and e-commerce to operate in the Riyadh Integrated Special Logistics Zone (SILZ), <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/w2187725\" style=\"\" rel=\"noopener\">Spa<\/a> reports. GACA granted a commercial license to a subsidiary of Alat to engage in light manufacturing operations and logistics services, a commercial license to Bahri Logistics to provide logistics services for Boeing aircraft spare parts, a commercial license to Danish company Danfoss to conduct light manufacturing operations, and finally a commercial license to Chinese e-commerce giant Shein for product distribution in a bid to establish a regional distribution hub in the zone to serve the Middle East and North Africa.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"81618\" 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=\"81618\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Zones<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/\">\r\n                            Asyad Group breaks ground on Muscat Airport Freezone                        <\/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\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/\" 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\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/')\">\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\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/\">\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=Asyad Group breaks ground on Muscat Airport Freezone&url=https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/\">\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\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/&title=Asyad Group breaks ground on Muscat Airport Freezone\">\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=Asyad+Group+breaks+ground+on+Muscat+Airport+Freezone+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F10%2F14%2Fasyad-group-breaks-ground-on-muscat-airport-freezone%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\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1071.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81619\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/asyad-group-breaks-ground-on-muscat-airport-freezone\/1071-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1071.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1071.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1071.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1071.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81618\" class=\"content-area-description single-story post-81618 post type-post status-publish format-standard has-post-thumbnail hentry category-zones tag-asyad tag-oman tag-projects 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\/10\/.96dbec3f-9710-4b3e-8212-a0a500a7e729.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Oman\u2019s logistics solutions provider Asyad Group has broken ground on the first phase <\/strong><strong>of the Muscat Airport Freezone (MAFZ)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/asyad.om\/who-we-are\/media-center\/news\/2024\/10\/13\/asyad-launches-construction-of-muscat-airport-free-zone\" style=\"\" rel=\"noopener\">statement<\/a>. The freezone\u2019s strategic location adjacent to Muscat International Airport will offer seamless integration within Asyad\u2019s extensive logistics network, linking land and sea gateways, the dry port, and other freezones. The investment ticket and timeline for the project have not been disclosed.<\/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 project\u2019s first phase includes land preparation, internal roads, and public services facilities, the statement notes. MAFZ will be freight-focused, set to boost exports and imports, specially for pharma, perishables, and e-commerce product shipments.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cAs Oman\u2019s first freezone of its kind, this strategic project highlights our commitment to private sector partnerships in building a leading air logistics hub. It will drive economic growth and unlock limitless opportunities for both local and global companies in the logistics sector,\u201d MAFZ Director Faisal Ali Al Balushi said in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Asyad inked an agreement with Opaz for the development of the MAFZ back <a target=\"_blank\" href=\"https:\/\/opaz.gov.om\/en\/media-center\/news\/2023\/opaz-and-asyad-group-sign-landmark-concession-agreement-for-the-strategic-muscat-international-airport-free-zone\" style=\"\" rel=\"noopener\">in December<\/a>. The freezone will span over 1.7 mn sqm, with phase one to be spread over 370k sqm of the total zone. MAFZ will offer 100% foreign ownership, zero import and export duties, no minimum capital requirements and up to 15 years of income tax exemption. The group issued a tender back in March for infrastructure development of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0632c89d-75c0-43db-b270-ceaa1391716b\/today:-dp-world-expands-global-freight-forwarding-%2B-wants-more-paperless-trade\" style=\"\" rel=\"noopener\">phase 1<\/a> of the project.<\/p>\n<p class=\"tag-border-left\">IN OTHER ASYAD NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asyad and Uzbekistan inked a cooperation agreement to boost cooperation and trade through new projects in logistics, textiles, agriculture, real estate, and tourism<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.uzdaily.uz\/en\/uzbekistan-and-asyad-group-sign-cooperation-agreement\/\" style=\"\" rel=\"noopener\">Uz Daily<\/a> reported on Friday. The agreement was signed during a meeting between Asyad\u2019s chairman Nasser Suleiman Al Harthi and Uzbekistan\u2019s Investments, Industry and Trade Minister Laziz Kudratov to discuss further collaboration in these fields. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/asyad\/\">Asyad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"81620 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=\"81620\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/81620\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81620\" class=\"content-area-description single-story post-81620 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81621\" 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=\"81621\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Rail<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/hafeet-rail-and-etihad-rail-ink-a-slew-of-agreements-at-global-rail-summit\/\">\r\n                            Hafeet Rail and Etihad Rail ink a slew of agreements at Global Rail Summit                        <\/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 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Etihad Rail ink a slew of agreements at Global Rail Summit\">\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=Hafeet+Rail+and+Etihad+Rail+ink+a+slew+of+agreements+at+Global+Rail+Summit+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F10%2F14%2Fhafeet-rail-and-etihad-rail-ink-a-slew-of-agreements-at-global-rail-summit%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\/10\/14\/hafeet-rail-and-etihad-rail-ink-a-slew-of-agreements-at-global-rail-summit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/962.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81622\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/hafeet-rail-and-etihad-rail-ink-a-slew-of-agreements-at-global-rail-summit\/962-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/962.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"962.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/962.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/962.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81621\" class=\"content-area-description single-story post-81621 post type-post status-publish format-standard has-post-thumbnail hentry category-rail tag-rail 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\/10\/.cfbae0e1-0026-4d26-9b71-c49f481b3e5b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.grtiec.com\/\" style=\"\" rel=\"noopener\">Global Rail Summit<\/a><\/strong><strong> last week saw a flurry of MoUs inked during the two-day <\/strong><strong>conference. <\/strong>The event brought together a wide range of industry leaders and financiers to development efforts in the mobility solutions sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">HAFEET RAIL-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hafeet Rail inked a contract with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.progressrail.com\/\" style=\"\" rel=\"noopener\">Progress Rail<\/a><\/strong><strong> for 27 state-of-the-art <\/strong><strong>heavy-haul freight locomotives<\/strong> for the Oman-UAE railway project, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hafeet-rail-signs-contract-with-progress-rail-to-supply-a-modern-fleet-of-freight-locomotives-vkeop6yk\" style=\"\" rel=\"noopener\">press release<\/a>. Progress is a subsidiary of US-based Caterpillar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> The locomotives are designed for the region\u2019s harsh environment. Each train will span c. 2 km and be configurable to transport freight cargo, including bulk materials, containers, petrochemicals, metallic products, and other industrial goods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Hafeet tapped Systra for project consultancy: <\/strong>Hafeet enlisted French engineering and consultancy firm <a target=\"_blank\" href=\"https:\/\/www.systra.com\/en\/\" style=\"\" rel=\"noopener\">Systra<\/a> to deliver engineering and administrative consultancy services for the project, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5moary-hafeet-rail-appoints-systra-for-consultancy\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Systra will provide technical support, which includes managing contracts, and monitoring contractor and supplier performance. Systra is also tasked with supervising all phases of project execution.<\/p>\n<p class=\"tag-border-left\">ETIHAD RAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emerge to install solar systems at <\/strong><strong>Ghuweifat<\/strong><strong> freight station: <\/strong>UAE\u2019s national railway network operator Etihad Rail signed an agreement with <a target=\"_blank\" href=\"https:\/\/emerge-energy.com\/\" style=\"\" rel=\"noopener\">Emerge<\/a> \u2013 a Masdar and EDF\u2019s JV \u2013 to supply Al Ghuwaifat freight terminal with solar power, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7250383401801707521\/\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. The agreement includes installing a 600 kWp solar PV and a 2.56 MWh battery energy storage system, powering 85% of the border-town terminal\u2019s energy needs. The project will offset 8.5k tons of carbon emissions for the contract\u2019s duration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Rail also signed 10 MoUs and agreements with a slew of international companies<\/strong><strong> to develop the UAE\u2019s railway and transport infrastructure<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5m2vij-etihad-rail-signs-mous-agreements-during-global\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreements signed included;<\/strong><\/p>\n<ul>\n<li><strong>An agreement<\/strong><strong> with India\u2019s Rites,<\/strong> a transport infrastructure consultancy, to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4dcd19ec-fe06-4403-9f32-9b5d9a5e0828\/uae-omani-hafeet-rail-project-secures-usd-1.5-bn-loan\" style=\"\" rel=\"noopener\">explore cooperation<\/a> in developing railways and related infrastructure in the UAE and GCC. The agreement covers rolling stock supply, leasing, and management of railway infrastructure in the region;<\/li>\n<li><strong>A MoU with leading UAE-based AI and big data analytics firm Presight AI, <\/strong>to explore and integrate digital solutions across Etihad Rail\u2019s operations. Under the agreement, the pair will look to develop AI-driven solutions for streamlining operations and planning;<\/li>\n<li><strong>An agreement with South Korea\u2019s Korea National Railway (KNR) and Korea Railroad Corporation (KORAIL), <\/strong>to collaborate in project management and railway construction. Under the agreement the pair will engage in technical sharing and knowledge exchanges in railway construction, operations, facility maintenance and rolling stock;<\/li>\n<li><strong>An MoU with the Austrian Federal Economic Chamber (WK\u00d6), <\/strong>for the exchange of knowledge and technical collaboration in the railway sector, including the planning, construction, operation, maintenance and technology;<\/li>\n<li><strong>An agreement with global engineering services firm L&amp;T Technology Services Lmt, <\/strong>to develop a national mobility innovation center in Abu Dhabi;<\/li>\n<li><strong>An MoU with IronLev to investigate magnetic levitation technologies to boost rail operations, <\/strong>to streamline operations and reduce the need for costly infrastructure;<\/li>\n<li><strong>An agreement with European deep-tech firm Nevomo for autonomous rail solutions, <\/strong>to investigate the potential for integrating autonomous solutions into the railway sector;<\/li>\n<li><strong>An MoU with Hitachi Rail to boost communication systems and smart mobility solutions, <\/strong>including boosting cybersecurity systems along Etihad Rails UAE railway network;<\/li>\n<li><strong>A partnership agreement with Hitachi to fuse Mobility-as-a-Service (MaaS) technology into the UAE\u2019s rail infrastructure, <\/strong>creating a smart platform to streamline rail operations;<\/li>\n<li><strong>An MoU with Singapore based multi-modal public transport operator SBS Transit, <\/strong>to explore mobility solutions and AI applications in the railway industry.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/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=\"81623\" 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=\"81623\">\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\">STORAGE + WAREHOUSES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/\">\r\n                            Agility begins final phase of expansion at its ALP complex in Riyadh                        <\/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\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/\" 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\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/')\">\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\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/\">\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=Agility begins final phase of expansion at its ALP complex in Riyadh&url=https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/\">\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\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/&title=Agility begins final phase of expansion at its ALP complex in Riyadh\">\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=Agility+begins+final+phase+of+expansion+at+its+ALP+complex+in+Riyadh+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F10%2F14%2Fagility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh%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\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1069.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81624\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/agility-begins-final-phase-of-expansion-at-its-alp-complex-in-riyadh\/1069-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1069.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1069.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1069.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1069.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81623\" class=\"content-area-description single-story post-81623 post type-post status-publish format-standard has-post-thumbnail hentry category-storage-warehouses tag-agility-logistics tag-saudi-arabia tag-storage-warehouses 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\/10\/.8b95064e-9411-4fc9-9163-72b36504e0b9.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwaiti logistics giant Agility has kicked off plans for the SAR 250 mn (c. USD 66.5 mn) <\/strong><strong>expansion project at the Agility Logistics Parks (ALP) warehousing complex in Riyadh<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/agility-logistics-parks-begins-major-riyadh-expansion\/\" style=\"\" rel=\"noopener\">press release<\/a>. The first phase of the expansion project is slated to be operational by 1Q 2025.<\/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 expansion will add 100k sqm of class A warehousing to the ALP, expanding the entire project\u2019s size to a little over 551k sqm, the statement notes.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the Riyadh Logistics Park: <\/strong>ALP Riyadh offers storage, distribution, processing, and fulfillment operations to Saudis leading consumer, industrial, and e-commerce industries, the statement notes. A warehouse at the Riyadh park became the first building in the Kingdom and the first warehouse in the GCC to receive <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/agility-saudi-warehouse-is-first-to-earn-edge-green-building-status-in-gcc\/\" style=\"\" rel=\"noopener\">EDGE Advanced certification<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more in the pipeline:<\/strong> ALP already operates a 200k sqm facility in Dammam. The company is also investing over SAR 611 mn (c. USD 163 mn) to develop a third ALP complex near Jeddah. The project \u2014 <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/agility-invests-sar-611-million-to-build-jeddah-logistics-park-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">announced back in 2022<\/a> \u2014 reportedly began construction of a warehousing complex on a 576.7k sqm parcel south of Jeddah in 1Q 2023. The Jeddah park is slated to be operational in 1Q 2025. Under the agreement with Saudi Arabia\u2019s State Properties General Administration (SPGA), Agility has the right to operate the park for 25 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Warehousing has been booming in the Kingdom: <\/strong>Rents for warehousing facilities in Saudi Arabia <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/70555d77-2748-4d6b-93d2-8ae3b62dfeaf\/saudi-warehousing-space-rents-rise-as-industrial-growth-spurs-demand\" style=\"\" rel=\"noopener\">continued to rise in 1H 2024<\/a> on the back of rising demand. Riyadh\u2019s warehouse and logistics capacity has grown to 28 mn sqm over the past 12 months, with most of the new facilities located in the Industrial Gate City (IGC), while Jeddah\u2019s capacity has grown to 19.6 mn sqm, driven by key projects including Maersk\u2019s logistics park, and Aramex\u2019s warehouse at Jeddah Islamic Port. The Dammam Metropolitan Area\u2019s industrial and logistics infrastructure supply remain \u201crelatively unchanged due to a lack of major completions\u201d over the past year, Knight Frank says. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/agility-logistics\/\">Agility Logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81625 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=\"81625\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/81625\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81625\" class=\"content-area-description single-story post-81625 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81626\" 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=\"81626\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/dp-world-resolves-uk-row-aims-to-commit-gbp-1-bn-towards-london-gateway-today\/\">\r\n                            DP World resolves UK row + aims to commit GBP 1 bn towards London Gateway today                        <\/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\/10\/14\/dp-world-resolves-uk-row-aims-to-commit-gbp-1-bn-towards-london-gateway-today\/\" 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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USD 1.3 bn) in investments for the DP World-operated London Gateway port following a temporary pause in plans last Friday, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-12\/dp-world-uk-resolve-row-that-threatened-1-billion-port-plan\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a source familiar with the matter. <\/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 happened? <\/strong><span style=\"background-color: transparent;\">DP World executives were reportedly angered by comments by UK transport secretary Louise Haigh and UK Deputy Prime Minister Angela Rayner regarding working practices at DP World\u2019s subsidiary P&amp;O Ferries, with Haigh calling DP \u201c <\/span><a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c0r82pjd8gpo\" rel=\"noopener\">rogue employers<\/a><span style=\"background-color: transparent;\"> \u201d and calling for a boycott. UK Deputy Prime Minister Angela Rayner was also quoted describing a P&amp;O Ferries\u2019 mass sacking of hundreds of employees \u201can outrageous example of manipulation,\u201d <\/span><a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c0r82pjd8gpo\" rel=\"noopener\">BBC<\/a><span style=\"background-color: transparent;\"> added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Starmer saves the day: <\/strong>UK Prime Minister Keir Starmer indicated to the <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c0r82pjd8gpo\" style=\"\" rel=\"noopener\">BBC<\/a> that Haigh\u2019s comments were not \u201cthe view of the government\u201d \u2014 and DP World had welcomed the PM\u2019s intervention, \u201cfollowing constructive and positive discussions with the government, we have been given the clarity we need. We look forward to participating in Monday\u2019s international investment summit,\u201d DP World said in a statement picked up by Bloomberg on Saturday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A boon for London Gateway\u2019s operations:<\/strong> London Gateway \u2014 which boasts three berths with a four set to open within weeks \u2014 would see the addition of two more berths, increasing the port\u2019s capacity by 50% and bringing DP World\u2019s total employment at the port to 1.6k from the previous 1.2k, Bloomberg writes. The expansion would strengthen London Gateway\u2019s position to take over Felixstowe as the UK\u2019s busiest container facility by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>DP World has been looking to develop berths <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/875634ee-6382-4457-ad53-e9142b01f61b\/dubai-is-investing-aed-2.1-bn-into%253cmark%253e-london-gateway%253c%2Fmark%253e-expansion-project\" style=\"\" rel=\"noopener\">five, six, and seven at London Gateway<\/a>, without specifying the investment ticket or timeline. The move looks to meet the additional capacity needs expected in UK markets starting 2027. DP World is investing AED 2.1 bn to expand London Gateway, Dubai\u2019s First Deputy Ruler Maktoum bin Mohammed bin Rashid Al Maktoum said in a statement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/875634ee-6382-4457-ad53-e9142b01f61b\/dubai-is-investing-aed-2.1-bn-into%253cmark%253e-london-gateway%253c%2Fmark%253e-expansion-project\" style=\"\" rel=\"noopener\">back in August<\/a>, ahead of DP World\u2019s launch of the port\u2019s GDP 350 mn fourth berth. Construction work on the London Gateway expansion project \u2014 which will handle around 55% of the UK\u2019s South East cargo \u2014 was launched nearly two years ago.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a catch? <\/strong>The latest expansion plan \u2014 which is subject to building and environmental approvals \u2014 would require land to be reclaimed along River Thames in order to add a fifth berth slot to open in about three years, a second rail terminal, and a six berth following that, Bloomberg added.<\/p>\n<p class=\"tag-border-left\">IN OTHER DP NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World is looking to \u201ctap the China market more,<\/strong><strong>\u201d<\/strong> on the heels of its acquisition <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b099fcca-7740-4873-955e-ec971d1cf762\/dp-world-acquires-hong-kong%25e2%2580%2599s%253cmark%253e-cargo-services-far-east%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">last month<\/a> of Hong Kong-based logistics firm Cargo Services Far East, CEO Sultan Ahmed Bin Sulayem told <a target=\"_blank\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3281771\/dubais-dp-world-wants-use-hong-kong-supply-chain-provider-connect-china-world\" style=\"\" rel=\"noopener\">South China Morning Post<\/a> on Thursday. The acquisition has better positioned the firm in China, giving it \u201cbetter access to logistics and connecting [its] customers to other regions,\u201d Bin Sulayem said. The firm has taken a particular interest in China\u2019s Greater Bay Area, which Bin Sulayem notes has a lot of potential going forward, with <a target=\"_blank\" href=\"https:\/\/uk.finance.yahoo.com\/news\/dubais-dp-world-hong-kong-093000210.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAABPm4bH9u5p7ACVBuWOPl8WPhtwIRUl7Odasm2SKhHkMhuUDdE3B3-X7j-7SCVpUw1EuB3zvmRvyXmQ25WNW_gbzrkKC-68Scdm7sBDA3z6zokW21y0WLRxxR0nDaCALPitDd8H8dxkqBtZkeMAbtuIG-YyIawSmmek2_-6M3uTF&amp;guccounter=1\" style=\"\" rel=\"noopener\">a collective USD 1.7 tn GDP<\/a> and population of over 89 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Greater Bay Area?<\/strong> Five years ago, Beijing established the Greater Bay Area to unite Hong Kong, Macau, and nine mainland cities in Guangdong province into a strong economic hub. \u201cWe watch the fantastic development in the Greater Bay Area. When you put Hong Kong as part of the Greater Bay Area, growth opportunities become very significant,\u201d Bin Sulayem. The company is exploring the robust manufacturing capabilities in Guangzhou, the capital of Guangdong province in southern China, and ways to enhance the efficiency of shipping its products globally, he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"81628\" 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=\"81628\">\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\">Shipping + Maritime<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/\">\r\n                            Adnoc L&amp;S + Wanhua JV places USD 250 mn order for ammonia carriers                        <\/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\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/\" 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\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/')\">\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\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/\">\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=Adnoc L&#038;S + Wanhua JV places USD 250 mn order for ammonia carriers&url=https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/\">\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\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/&title=Adnoc L&#038;S + Wanhua JV places USD 250 mn order for ammonia carriers\">\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=Adnoc+L%26%23038%3BS+%2B+Wanhua+JV+places+USD+250+mn+order+for+ammonia+carriers+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F10%2F14%2Fadnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers%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\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/973.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81629\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/adnoc-ls-wanhua-jv-places-usd-250-mn-order-for-ammonia-carriers\/973-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/973.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"973.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/973.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/973.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81628\" class=\"content-area-description single-story post-81628 post type-post status-publish format-standard has-post-thumbnail hentry category-shipping-maritime tag-adnoc tag-adnoc-logistics tag-shipping-maritime 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\/10\/.57a6a8ed-0718-457e-9b77-423d7309f042.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Adnoc L&amp;S + Wanhua JV places USD 250 mn order for ammonia carriers: <\/strong>AW Shipping \u2014 a JV between Adnoc L&amp;S and Wanhua Chemical Group \u2014 will purchase USD 250 mn very large ammonia carriers from China\u2019s Jiangnan Shipyard, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/900.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> released on Thursday. The carriers are considered among the largest in the world, having an individual carrying capacity of 93k meters of ammonia and are slated for delivery between 2027 and 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">There\u2019s more to come:<\/strong><span style=\"background-color: transparent;\"> We learned Adnoc L&amp;S is receiving LNG carriers built by Jiangnan Shipyard <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/bedb6720-a924-4762-9c4f-563c056cad25\/adnoc%25e2%2580%2599s-logistics-unit-adds-5-new-gas-carriers-to-its-fleet-%2B-asyad-announces-2-additions-to-its-maritime-capabilities\" rel=\"noopener\">in 2025 and 2026<\/a><span style=\"background-color: transparent;\"> when the company added five new VLGCs to its order books back in April 2023.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Adnoc + Wanhua JV ordered 11 dual-fuel low carbon carriers worth USD 1.9 bn from Jiangnan Shipyard <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e74a30c3-206f-4c4d-89bf-f9005f27095b\/adnoc-l&amp;s-jv-places-a-usd-1.9-bn-order-for-11-alternative-fuel%253cmark%253e-carriers%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">back in July<\/a>, to expand Adnoc\u2019s capacity to transport lower-carbon energy sources. The VLEC carriers will operate under a 20-year time charter contract and are expected to generate USD 4 bn in revenues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> This is all part of a Adnoc L&amp;S\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/95b304d1-352b-4243-accf-ab4257d37956\/%253cmark%253eadnoc%253c%2Fmark%253e-to-float-15%2525-stake-in-logistics-subsidiary\" style=\"\" rel=\"noopener\">expansion spree<\/a> revealed ahead of the company\u2019s USD 769 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d8469523-508b-40a7-9993-5f8025fe5d0d\/%253cmark%253eadnoc-l&amp;s-%253c%2Fmark%253eshare-price-surged-as-much-as-58%2525-on-adx-debut\" style=\"\" rel=\"noopener\">IPO last year<\/a>. Since then, the firm received a Hanwha Ocean-produced new-build very large crude carrier (VLCC), the Hafeet, in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/23f8e105-61e8-460f-a135-1e0af4340979\/%253cmark%253eadnoc-l&amp;s-%253c%2Fmark%253eexpands-shipping-fleet-with-delivery-of-new-vlcc\" style=\"\" rel=\"noopener\">June 2023<\/a>. Adnoc L&amp;S also received a second newbuild dual-fuel VLCC the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e74a30c3-206f-4c4d-89bf-f9005f27095b\/%253cmark%253eadnoc-l&amp;s%253c%2Fmark%253e-jv-places-a-usd-1.9-bn-order-for-11-alternative-fuel-carriers\" style=\"\" rel=\"noopener\">following month<\/a> and eight self-propelled jack-up barges.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/adnoc-logistics\/\">ADNOC Logistics<\/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=\"81630 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=\"81630\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/81630\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81630\" class=\"content-area-description single-story post-81630 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:\/\/ak-ships.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2104.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81631\" 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=\"81631\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/\">\r\n                            UAE + Malaysia complete CEPA negotiations to reduce trade barriers                        <\/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\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/\" 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\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/')\">\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\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/\">\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 + Malaysia complete CEPA negotiations to reduce trade barriers&url=https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/\">\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\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/&title=UAE + Malaysia complete CEPA negotiations to reduce trade barriers\">\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+%2B+Malaysia+complete+CEPA+negotiations+to+reduce+trade+barriers+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F10%2F14%2Fuae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers%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\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/897.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81632\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/uae-malaysia-complete-cepa-negotiations-to-reduce-trade-barriers\/897-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/897.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"897.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/897.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/897.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81631\" class=\"content-area-description single-story post-81631 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy 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\/10\/.ccba26fe-3711-4198-98a7-bc651701b127.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>UAE + Malaysia complete CEPA negotia<\/strong><strong>tions: <\/strong>The UAE\u2019s Foreign Trade Minister Thani bin Ahmed Al Zeyoudi has concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA) with Malaysia\u2019s Investment, Trade, and Industry Minister Zafrul Aziz, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5m2urq-uae-malaysia-conclude-negotiations-towards-cepa\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. The CEPA aims to eliminate or lower tariffs, reduce trade barriers, and promote private sector collaborations as well as new investments. The UAE, through its CEPA program, aims to increase its non-oil foreign trade to AED 4 tn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The UAE aims to capitalize on this agreement to boost certain sectors:<\/strong><span style=\"background-color: transparent;\"> Malaysia offers several opportunities for UAE firms, especially in high-growth sectors such as energy, logistics, manufacturing, and financial services, Al Zeyoudi said. Malaysia currently ranks as the UAE\u2019s 12th largest Asian trading partner, with the non-oil trade between the two nations amounting to USD 2.5 bn in 1H 2024.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWe view the UAE as a strategic hub for Malaysian exporters to access markets in the Middle East, North Africa and certain parts of Europe, particularly as Malaysian exports such as electrical and electronics, machineries, jewelry, prepared foodstuff, tropical fruits, palm oil, cocoa and rubber would immediately enjoy zero import duties when this Agreement comes into force,\u201d Aziz said in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Future plans:<\/strong> The UAE is currently strengthening its ties through CEPA agreements with many countries, especially with the Association of Southeast Asian Countries (ASEAN) bloc, with agreements with Indonesia and Cambodia pending. Agreements with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2db86fc9-8ee2-4cbd-8058-d97f8adb2f48\/uae-and-vietnam-to-ink%253cmark%253e-cepa%253c%2Fmark%253e-agreement-by-end-of-2024\" style=\"\" rel=\"noopener\">Vietnam<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ccfbc1f9-0989-4b07-9a91-1b87d61efe13\/uae-%2B-philippines-discuss-potential%253cmark%253e-cepa%253c%2Fmark%253e-to-expand-trade-links\" style=\"\" rel=\"noopener\">Philippines<\/a> are also in the works, and are set to be finalized 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>IN OTHER DIPLO NEWS-<\/strong><\/p>\n<ul>\n<li><strong>Morocco + South Korea discuss rail cooperation: <\/strong>Moroccan Transport Minister Mohammed Abdeljalil discussed with South Korean Vice-Minister Baek Won Kug possible cooperation in the rail and transport sectors. (<a target=\"_blank\" href=\"https:\/\/en.hespress.com\/92944-morocco-korea-promote-cooperation-in-rail-transport-and-logistics.html\" style=\"\" rel=\"noopener\">Hespress<\/a>) <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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\/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=\"81633\" 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=\"81633\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/a-heap-of-updates-in-rail-equipment-shipping-aviation-and-warehousing-from-mococco-ksa-the-uae-iraq-and-jordan\/\">\r\n                            A heap of updates in rail, equipment, shipping, aviation and warehousing from Mococco, KSA, the UAE, Iraq and Jordan                        <\/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\/10\/14\/a-heap-of-updates-in-rail-equipment-shipping-aviation-and-warehousing-from-mococco-ksa-the-uae-iraq-and-jordan\/\" 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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   <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1067.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81634\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/a-heap-of-updates-in-rail-equipment-shipping-aviation-and-warehousing-from-mococco-ksa-the-uae-iraq-and-jordan\/1067-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1067.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1067.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1067.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1067.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81633\" class=\"content-area-description single-story post-81633 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-iraq tag-jordan tag-morocco tag-rail tag-saudi-arabia tag-shipping-maritime 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\/10\/.9bd85a95-cc65-4990-91c4-558bfcccef0b.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">EQUIPMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADES renews contr<\/strong><strong>act for two onshore rig operations: <\/strong>PIF-backed oil and gas drilling services provider ADES Holding renewed contracts for ADES 13 and ADES 14 onshore rigs in KSA with a period of ten years, starting after the expiry of the current contract, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=82896&amp;anCat=1&amp;cs=2382&amp;locale=en\" style=\"\" rel=\"noopener\">Tadawul<\/a> disclosure. ADES has a fleet of 87 rigs across nine countries, 38 of them are onshore drilling rigs.<\/p>\n<p class=\"tag-border-left\">RAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EIB + ONCF partner up on railway adaptation:<\/strong> The European Investment Bank (EIB) has inked a technical assistance partnership agreement with Morocco\u2019s National Office of Railways (ONCF) to strengthen climate resilience and develop an adaptation strategy for Morocco\u2019s railway network, according to a <a target=\"_blank\" href=\"https:\/\/www.eib.org\/en\/press\/all\/2024-367-la-bei-signe-un-partenariat-d-assistance-technique-avec-l-oncf-pour-soutenir-l-adaptation-de-son-activite-ferroviaire-au-changement-climatique\" style=\"\" rel=\"noopener\">statement<\/a> released last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The 24-month collaboration will involve climate risk assessment, developing detailed maps, vulnerability analysis, and technical recommendations. The project aims to strengthen the resilience of the network, reducing future costs related to climate damage and operational disruptions.<\/span><\/p>\n<p class=\"tag-border-left\">SHIPPING + MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global shipping organization Bimco has adopted Autoshipman<\/strong>, the first management agreement for autonomous ships, offering a contractual base for third-party ship managers to operate the vessels, according to a <a target=\"_blank\" href=\"https:\/\/www.bimco.org\/news\/priority-news\/20241009-autonomous-ships\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The agreement has been developed in response to the growing use of remotely controlled vessels in the commercial shipping sector, says the statement. Under Autoshipman, vessels will have the flexibility to switch operational modes, even in the middle of a voyage, to allow ships to be partially or fully manned when passing through certain jurisdictions or calling at a port.<\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D<\/strong><strong>nata adds 14 GPUs to Dubai fleet:<\/strong> UAE air services provider dnata has added 14 new 180kVA electric ground power units (GPU) to its ground support equipment fleet at Dubai International Airport (DXB), according to a <a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/dnata-adds-14-electric-ground-power-units-gpus-to-dubai-fleet\/\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The GPU \u2014 a device used to provide electric power for stationary aircraft \u2014 will handle 33% of all GPU utilization and will replace diesel-powered equipment, reducing fuel consumption by some 550k liters annually. The air services provider has already deployed four electronic GPUs in its operations, while the remaining 10 are expected to arrive in November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Joramco + AIG make airport expansion plans:<\/strong> Dubai Aerospace Enterprise\u2019s aircraft MRO and engineering arm Jordan Aircraft Maintenance Limited (Joramco) has inked an agreement with Jordan\u2019s maintenance firm Airport International Group (AIG) for expansion plans, according to a <a target=\"_blank\" href=\"https:\/\/www.joramco.com.jo\/media\/events-news\/PressReleaseJoramcoSignsContractwithAirportInternationalGroupAIGforMajorFacilityExpansioninAmman\" style=\"\" rel=\"noopener\">statement<\/a> released last week. This agreement represents a key milestone in the company\u2019s growth strategy for the upcoming years, particularly with its cutting-edge Hangar 7, set to be operational by the end of 2024, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThis transformative investment underscores our steadfast commitment to expanding QAIA's infrastructure, enhancing its capacity and reinforcing its strategic role within the region. This significant project will not only boost aircraft maintenance capabilities and increase high end services to airlines but also contribute to the local economy by creating hundreds of new job opportunities,\u201d Airport International Group CEO Nicolas Deviller said in the statement.<\/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>Italy\u2019s Raccortubi opens a warehouse in Sharjah:<\/strong> Italian steel supplier Raccortubi, a subsidiary of Commerciale Tubi Acciaio, has inaugurated a AED 25 mn (c. USD 6.8 mn) 20k sq ft warehouse in Sharjah\u2019s Hamriyah Freezone to support oil and gas projects in the region, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/world\/middle-east\/uae-italian-group-raccortubi-opens-warehouse-in-hamriyah-free-zone-v8k3yt0k\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reported last week, citing a <a target=\"_blank\" href=\"https:\/\/x.com\/HamriyahFZA\/status\/1843555190533959834\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p class=\"tag-border-left\">RAIL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tender issued for Iraq\u2019s Baghdad-Baiji Railway project<\/strong><strong>:<\/strong> The General Company for Iraqi Railways has issued a tender for the completion and restoration of the Baghdad-Baiji railway line, with the deadline for submitting proposals set at 14 November, according to a <a target=\"_blank\" href=\"https:\/\/projects.worldbank.org\/en\/projects-operations\/procurement-detail\/OP00313718?\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The selected firm would provide design services as well as restore the existing track along the Taji-Baiji Railway. The project, spanning some 200 km, is expected to take over 24 months to complete. The project is being financed by the World Bank under its Emergency Operations for Development section. <\/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>Etihad Airways reintroduces its Airbus A380:<\/strong> UAE\u2019s Etihad Airlines is planning to put its Airbus A380 superjumbo double-decker back in operational capacity to London Heathrow, New York JFK and Paris starting 1 November 2024, and Singapore starting 1 February 2025. (<a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/aviation\/2024\/10\/08\/etihad-a380-superjumbo\/\" style=\"\" rel=\"noopener\">The National<\/a>) <\/li>\n<li><strong>Egypt makes vehicle import easier for disabled persons<\/strong><strong>:<\/strong> Egypt has approved legislation to streamline importing vehicles for people with disabilities. Customs duties and value-added tax on said vehicles will be waived for persons holding a Disability Verification and Comprehensive Services Card. (<a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2024\/10\/09\/cabinet-approves-governance-measures-for-vehicle-import-system-for-disabled-drivers\/\" style=\"\" rel=\"noopener\">Daily News Egypt<\/a>)<\/li>\n<li><strong>Riyadh Air to use Sab<\/strong><strong>re\u2019s AI-powered solutions: <\/strong>Saudi Arabia\u2019s Riyadh Air has inked a strategic agreement with Airline Retail Platform SabreMosaic to use its AI-powered Offer Optimization technology to develop tailored offers through various customer interaction points starting 2025. (<a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/en\/media-hub\/riyadh-air-selects-sabremosaic--to-power-next-gen-retailing-and-\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Mawani to cooperate with Hamburg <\/strong><strong>on port efficiency: <\/strong>Saudi Arabia\u2019s General Port Authority (Mawani) has inked an MoU with the Hamburg Port Authority (HPA) and the Hamburg Port Consulting Company (HPC) to enhance capabilities and operational efficiency at Saudi ports, automation, and sustainability in the maritime sector. (<a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=091024\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/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\/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=\"81635\" 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=\"81635\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/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\/10\/14\/rising-tensions-in-the-south-china-sea-cause-concern-over-key-global-trade-route\/\">\r\n                            Rising tensions in the South China Sea cause concern over key global trade route                        <\/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\/10\/14\/rising-tensions-in-the-south-china-sea-cause-concern-over-key-global-trade-route\/\" 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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The situation in the SCS \u201cremains tense and unchanged,\u201d Filipino President Ferdinand Marcos said in a <a target=\"_blank\" href=\"https:\/\/www.pna.gov.ph\/articles\/1235208\" style=\"\" rel=\"noopener\">statement<\/a> last week. The South China Sea is the \u201cmost valuable shipping land in the world in terms of the value of trade that transit through it,\u201d chief global geo-macro strategist at BCA Research Marko Papic told CNBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Background:<\/strong><span style=\"background-color: transparent;\"> The South China sea, located in the western Pacific Ocean, falls between China, Taiwan, the Philippines, Vietnam, Indonesia, Thailand, Malaysia, and Cambodia. Most of these nations have disputed claims to territory in the waters, yet China in particular, <\/span><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/04\/14\/china-advances-claims-in-south-china-sea-despite-coronavirus-pandemic.html\" rel=\"noopener\">claims most of the area<\/a><span style=\"background-color: transparent;\"> and uses \u201cgray zone\u201d tactics, CNBC writes, which are coercive actions that go beyond normal diplomatic activities but fall short of an armed conflict.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s at stake?<\/strong> The CSIS China Power Project estimates that <a target=\"_blank\" href=\"https:\/\/chinapower.csis.org\/much-trade-transits-south-china-sea\/\" style=\"\" rel=\"noopener\">USD 3.4 tn in trade<\/a> passed through the South China Sea back in 2016, constituting 21% of global trade, CNBC reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tensions have been high: <\/strong>China and the Philippines exchanged accusations of intentionally ramming coast guard vessels in the disputed waters of the South China Sea <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/48cc5e6e-1bf4-49ee-85ad-fa89a8695567\/amsterdam%25e2%2580%2599s-schiphol-to-invest-eur-6-bn-by-2029-in-airport-expansion-plans\" style=\"\" rel=\"noopener\">last month<\/a>. The Philippines claimed that a China Coast Guard vessel 5205 \u201cdirectly and intentionally rammed the Philippine vessel\u201d without provocation, while Beijing said that a Philippine ship \u201cdeliberately rammed\u201d a Chinese vessel. The collision \u2014 which happened near the Sabina Shoal in South China Sea \u2014 was the fifth in a month amid a long-running escalating rivalry between both parties.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/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=\"81637\" 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\/10\/14\/81637\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81637\" class=\"content-area-description single-story post-81637 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\">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>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<\/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>, 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 style=\"font-weight:400;\">, 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>, 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\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>KSA inks SAR 17 bn worth of logistics MoUs | Asyad breaks ground on Muscat Airport Freezone | Agility begins final phase Riyadh ALP complex expansion<\/p>\n","protected":false},"featured_media":81612,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-81611","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"bce4612d-7770-43e5-bc3a-ba0026d0dd4d","teaser":"KSA inks SAR 17 bn worth of logistics MoUs | Asyad breaks ground on Muscat Airport Freezone | Agility begins final phase Riyadh ALP complex expansion","photo_url":"https:\/\/ent.news\/2024\/2\/1176.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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