{"id":84671,"date":"2025-02-24T00:00:00","date_gmt":"2025-02-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=84671"},"modified":"2025-12-15T16:16:20","modified_gmt":"2025-12-15T16:16:20","slug":"adnoc-raises-usd-2-8-bn-from-adnoc-gas-stake-sale","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/adnoc-raises-usd-2-8-bn-from-adnoc-gas-stake-sale\/","title":{"rendered":"Adnoc raises USD 2.8 bn from Adnoc Gas stake sale"},"content":{"rendered":"<section id=\"84673\" 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=\"84673\">\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\/2025\/02\/24\/today-adnoc-wraps-sale-of-4-stake-of-adnoc-gas-qatar-gets-new-oil-and-gas-logistics-hub\/\">\r\n                            TODAY: Adnoc wraps sale of 4% stake of Adnoc Gas + Qatar gets new oil and gas logistics hub                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/today-adnoc-wraps-sale-of-4-stake-of-adnoc-gas-qatar-gets-new-oil-and-gas-logistics-hub\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We also have a logistics hub and road development updates from UAE and Qatar. Let\u2019s get the ball rolling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY- <\/strong><strong>There\u2019s no single story dominating the headlines<\/strong>, but news of South Korea mulling tariffs on Chinese steel picked up some interest on the newswires. The country has provisionally decided to impose tariffs up to 38% on Chinese imports of hot-rolled steel plates in a bid to stifle a flow of cheap steel imports that the Korean steel industry said to undercut local market prices. The move comes after authorities investigated allegations of steel products used in shipbuilding and construction being dumped by Chinese steel suppliers. No timeline for the tariffs has been disclosed, but they will be implemented once approved by South Korea\u2019s Finance Ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Following suit?<\/strong> US President Donald Trump ordered a 25% tariff on all imports of steel and aluminum <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/12a7d16c-767b-459d-8982-8f5f0122caaa\" style=\"\" rel=\"noopener\">earlier this month<\/a>, with the new measures set to take effect on 4 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vietnam is already there: <\/strong>Vietnam is set on imposing a temporary anti-dumping levy of up to 27.83% on Chinese steel products starting 7 March for 120 days, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/vietnam-says-impose-temporary-anti-dumping-tariff-hot-rolled-coil-steel-china-2025-02-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. Vietnam imported nearly 8.8 mn tons of steel in 2024, 72% of which came from China and had a total value of c.USD 12 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed some ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/south-korea-provisionally-slaps-tariffs-chinese-steel-plates-dumping-2025-02-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>, the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/south-korea-us-trade-trump-tariffs-e91036b57be93e1ead7d777f0717971f\" style=\"\" rel=\"noopener\">Associated Press<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-20\/south-korea-follows-trump-and-seeks-tariffs-on-chinese-steel\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/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>T<\/strong><strong>he <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/01\/27\/ad-ports-group-capital-markets-day-in-abu-dhabi#:~:text=Abu%20Dhabi%2C%20UAE%20%E2%80%93%2027%20January,on%2024th%20February%202025%20to\" style=\"\" rel=\"noopener\">AD Ports Group Capital Markets Day<\/a><\/strong><strong> kicks off today in Abu Dhabi.<\/strong> The event will gather investors, analysts, corporate and investment bankers and other securities market professionals to evaluate AD Port\u2019s financial performance and strategy going forward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- Suez Canal back in action?<\/strong> Nearly 47 ships bound for the Cape of Good Hope have rerouted their journey to cross the Suez Canal in February, Egypt\u2019s Suez Canal Authority (SCA) boss Osama Rabie said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/posts\/pfbid0HHRJBTyckRwjVATQoNFJAz7Pb7Sx1Z8Q5ykUrLPyWLh4h8LxuMW46bcseBeSRhz2l\" style=\"\" rel=\"noopener\">statement<\/a>. SCA expected shipping traffic to gradually return to normal rates <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/12a7d16c-767b-459d-8982-8f5f0122caaa\" style=\"\" rel=\"noopener\">starting late March 2025<\/a>, with projections for a full recovery by mid-year, assuming the Gaza ceasefire holds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A second wind for Suez: <\/strong>A Liberian-flagged LNG vessel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fc5a81b7-ea87-49cd-8516-970f4611bec8\/today:-msc-subsidiary-snaps-49%2525-stake-in-marsa-maroc%25e2%2580%2599s-eastern-container-terminal-%2B-qatar-to-support-libyan-airport-development\" style=\"\" rel=\"noopener\">was the second<\/a> of its kind to cross the waterway earlier this month, days after the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/222f78f4-55ce-4f8d-a8c4-e18f222a23e3\/today:-uae-to-invest-usd-90-bn-for-air-fleet-expansion-by-2032-%2B-riyadh-air-eyes-50-widebody-jets-order-this-year\" style=\"\" rel=\"noopener\">year\u2019s first crude oil tanker<\/a> \u2014 the Chrysalis \u2014 made the journey.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Oman\u2019s <\/strong><strong>Sohar Port<\/strong><strong> and Freezone has begun dredging operations for the Marsa LNG project<\/strong>, <a target=\"_blank\" href=\"https:\/\/omannews.gov.om\/topics\/en\/80\/show\/121107\" style=\"\" rel=\"noopener\">ONA<\/a> reported on Saturday. The dredging operations will see the removal of nearly 4 mn cubic meters of materials to establish a dedicated approach channel and berth pocket for the LNG plant. Dredging works are slated to wrap by September 2025, with LNG production at the plant set to kick off in 1Q 2028. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Marsa LNG \u2014 a TotalEnergies and OQ JV \u2014 inked a sub-usufruct agreement with Oman\u2019s Sohar Port and Freezone for an LNG liquefaction plant at Sohar port in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/212ba1fa-a9d7-4961-87f6-93dc4f088684\/oman%25e2%2580%2599s-sohar-port-is-positioning-itself-as-a-regional%253cmark%253e-lng%253c%2Fmark%253e-bunkering-hub\" style=\"\" rel=\"noopener\">April 2024<\/a>. The 44.5-hectare LNG liquefaction plant has a total investment ticket of USD 1.6 bn and will be powered by a 300 MWp solar plant. LNG production at the plant is intended to meet bunkering demand, with 80% of any remaining unsold LNG quantities taken by TotalEnergies and the remaining 20% taken by OQ.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong>#3- Iraq is <\/strong><strong>under <\/strong><strong>US pressure to resume Kurdish oil exports as US President <\/strong><strong>Donald Trump reportedly floated the possibility of sanctions if delayed, <\/strong>eight unnamed sources with direct knowledge of the matter told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-piles-pressure-iraq-resume-kurdish-oil-exports-sources-say-2025-02-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Saturday. An advisor to Iraq\u2019s prime minister denied any threats of sanctions from the Trump administration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Iraq has been tidying up loose ends with the Kurdistan Regional Government (KRG) to resume the Iraq-Turkey oil pipeline following a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae7f2219-cdb7-4c3a-9370-4aacdbfc4753\/today:-egypt-to-sign-cypriot-gas-liquefaction-and-re-export-agreement-today-%2B-a-slew-of-supply-chain-and-earnings-updates\" style=\"\" rel=\"noopener\">two-year shutdown<\/a> that cost Iraq nearly USD 19 bn in lost revenues. Last week, Kurdish region President Nechirvan Bazarni said that oil exports could resume in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/19df2c84-4ba2-47f4-8277-08b9127e2142\/today:-egypt-secures-agreements-to-liquefy-and-re-export-cypriot-gas-%2B-pif-to-up-logistics,-transport-investments-by-60%2525-in-2025\" style=\"\" rel=\"noopener\">March 2025<\/a>. The amount of oil allocated for domestic consumption in Kurdistan was among the last loose ends requiring further negotiations between the region and Baghdad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The latest from Iraq\u2019s government: <\/strong>Iraq\u2019s Oil Ministry said it is in the process of finalizing the procedures required to resume crude oil exports from the Kurdistan region to continue through the Iraq-Turkey pipeline via Cehyan Oil Terminal, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1BCKzrgBSi\/\" style=\"\" rel=\"noopener\">statement<\/a> published on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER IRAQI NEWS- <\/strong><strong>Iraq <\/strong><strong>is finalizing its Iran railway connection plans: <\/strong>Iraq\u2019s Transport Ministry has sent a delegation to Basra province in the country\u2019s south to meet with local government officials and finalize arrangements for the new 36 km double-track railway linking Iraq to Iran via the Shalamcheh border crossing, <a target=\"_blank\" href=\"https:\/\/shafaq.com\/en\/Iraq\/Iraq-Iran-to-connect-by-rail-via-new-Basra-line\" style=\"\" rel=\"noopener\">Shafaq News<\/a> reported on Saturday, citing the Director General of Railways Directorate Jabbar Al-Jubouri. An unnamed Spanish company has been contracted to build the line, the newswire reported. No details on the timeline have been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER: <\/strong>Plans for the Shalamcheh-Basra Railway \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a228339c-2838-4782-9cab-58692b55a938\" style=\"\" rel=\"noopener\">reported on back in 2023<\/a> \u2014 indicated that the project would be operational by 2025. The railway will connect Iran\u2019s Shalamcheh town to Iraq\u2019s city of Basra, and aims at linking Iran with Jordan, Syria, and other neighboring countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Iraq<\/strong><strong> makes <\/strong><strong>headway on Grand Faw Port: <\/strong>Iraq has completed 86% of the container yard project \u2014 one of five infrastructure projects at the Grand Faw Port, director of General Company for Ports of Iraq Farhan Al-Fartousi said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/portsofiraq\/posts\/pfbid035CixrzsywtgadPL1TuJ9ap3tahnssfp9TDDxCJRnLaT1wxbXf6SvexBv8Lm8K1yFl?rdid=hobFpB8Zh0pNvNOT#\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The 2k sqm yard has a water depth of seven meters and boasts a 3.5 mn TEU handling annual capacity. The first phase of the port is slated to be completed in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9f9b6b1c-198a-4a32-a2d0-f73c35eedca8\/iraq-shortlists-11-shipping-firms-to-operate-grand%253cmark%253e-faw-port%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">2025<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Construction of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ab30ca82-358f-4906-930d-b591ae72b708\/today:-morocco%25e2%2580%2599s-tanger-med-port-compex-getting-eur-400-mn-%2B-oq-to-float-up-to-49%2525-stake-oqbi-on-msx\" style=\"\" rel=\"noopener\">five berths<\/a> has already been completed by South Korean contractor Daewoo Engineering and Construction as of last November. Iraq <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9f9b6b1c-198a-4a32-a2d0-f73c35eedca8\/iraq-shortlists-11-shipping-firms-to-operate-grand%253cmark%253e-faw-port%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">shortlisted 11 shipping companies<\/a> for the port operations contract back in November, with a final decision said then to be announced in January 2025, but no official announcement has been made yet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- AD Ports will not be operating Turkey\u2019s Alsancak Port after talks f<\/strong><strong>ell through <\/strong>for undisclosed reasons, Turkish Transport Minister Abdulkadir Uraloglu told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-20\/turkey-talks-for-port-deal-with-abu-dhabi-fail-minister-says?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Thursday. Turkey was looking to secure a partner for its Western port who can invest capital to expand it, yet after \u201clong negotiations with an investor from the Gulf,\u201d no agreement was reached, adding that there are no ongoing discussions with any other investors at present. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> We first heard rumblings about AD Port\u2019s interest in acquiring the port back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1d0125d9-53e4-4583-9fb1-f616762099ca\/could-turkey%25e2%2580%2599s%253cmark%253e-alsancak%253c%2Fmark%253e-port-operating-rights-be-sold-to-gulf-states%3F\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1d0125d9-53e4-4583-9fb1-f616762099ca\/could-turkey%25e2%2580%2599s%253cmark%253e-alsancak%253c%2Fmark%253e-port-operating-rights-be-sold-to-gulf-states%3F\" style=\"\" rel=\"noopener\">2023<\/a>, when Turkey announced plans to sell the operating rights for Alsancak Port and that it was in talks with GCC countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Alsancak Port:<\/strong> The port is owned by Turkish sovereign wealth TWF and is operated by TC State Railways General Directorate (TCDD). Located in the Aegean city of Izmir, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1d0125d9-53e4-4583-9fb1-f616762099c\" style=\"\" rel=\"noopener\">635k sqm port can handle up to 1.2 mn TEU containers of cargo<\/a> and 1.4 mn tons of general and bulk dry cargo annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>#5- <\/strong><strong>UAE\u2019s<\/strong> <strong>GulfNav <\/strong><strong>draws closer to acquiring Brooge\u2019s assets: <\/strong>Shareholders of DFM-listed Gulf Navigation (GulfNav) are scheduled to vote on the shipping company\u2019s proposed acquisition of all of Brooge Energy\u2019s subsidiaries and assets on Thursday, 13 March, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2046.pdf\" style=\"\" rel=\"noopener\">a disclosure (pdf)<\/a> made last week to the exchange. The move will see the shipping and maritime services firm GulfNav <a target=\"_blank\" href=\"https:\/\/broogeenergy.com\/press-releases\/gulfnav-submits-proposal-to-acquire-all-of-the-businesses-and-assets-of-brooge-energy-limited\/\" style=\"\" rel=\"noopener\">fully take over<\/a> Brooge Renewable Energy, Brooge Petroleum and Gas Investment Company, and Brooge Petroleum and Gas Investment Company Phase 3. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition is mostly a share swap agreement: <\/strong>GulfNav plans to issue 358.8 mn new shares to Brooge Energy with a one-year lock-up period, alongside AED 2.3 bn in mandatory convertible bonds set to be converted into shares. Additionally, a separate AED 500 mn convertible bond issuance will be allocated to existing shareholders, with the rump offering, if any, set to be limited to major shareholders. The company will also pay AED 460 mn in cash to settle the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>GulfNav <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5da4d7d8-fb11-4388-b8ea-ff93766649c4\" style=\"\" rel=\"noopener\">submitted a proposal<\/a> earlier last year for the structure of the acquisition of oil storage outfit Brooge Petroleum and Gas Investment Company to the Securities and Commodities Authority after submitting a proposal to fully acquire the company from Brooge Energy back in October 2023. The acquisition was initially expected to close in 4Q 2023. <\/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- C<\/strong><strong>rude prices have dropped<\/strong><strong> over the last few days as the market braces for a possible <\/strong><strong>hike in supplies<\/strong> with the predicted resumption of Kurdish oil exports from Iraq soon, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-dips-pending-kurdistan-supply-resumption-2025-02-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures declined this morning by USD 0.14 to USD 74.29 a barrel, while the US West Texas Intermediate (WTI) dipped by USD 0.22 to USD 70.18 a barrel by 04.41 GMT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Baltic index maintains upwards trajectory:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">rose 40<\/a><a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">points<\/a> to 981 on Friday. The capesize surged by 74 points to 991, while the panamax index increased 26 points to 1,170. The smaller supramax index gained 20 points to 886.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- T<\/strong><strong>he Drewry World Contain<\/strong><strong>er Index decreased 10% to USD 2,795 per 40-ft container on Thursday<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\" rel=\"noopener\">latest index readings<\/a>. Spot rates for 40-ft containers are now 73% below the previous pandemic peak but remain 97% above the pre-pandemic rate of USD 1.4k. The average composite index YTD is USD 3,465 per 40ft container, which is USD 583 higher than the 10-year average rate of USD 2,881.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Russia <\/strong><strong>will <\/strong><strong>extend its moratorium on gasoline exports by non-producing companies <\/strong><strong>from 1 March to 31 August of this year<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/russia-extends-gasoline-export-permit-large-companies-until-end-feb-2025-01-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing a government statement. Moscow aims to stabilize the gasoline market amid heightened demand, forbidding traders and resellers from selling gasoline abroad.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Saudi airports recorded a 34% y-o-y boost in air cargo to 1.2 mn tons in 2024<\/strong>, with 1.17 mn tons handled by KSA\u2019s three largest airports, according to the General Authority of Commercial Aviation\u2019s (Gaca) <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2135.pdf\" style=\"\" rel=\"noopener\">air traffic report (pdf)<\/a>. King Khalid International Airport handled 573k tons, King Abdulaziz International Airport recorded 461k tons, while King Fahd International Airport handled 140k tons. Air traffic across Saudi airports increased 15% y-o-y to 128 mn passengers in 2024, while flight numbers climbed 11% y-o-y to 905k during the same period. Airports also saw a 16% y-o-y bump in air connectivity to 170 global destinations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Saudi Arabia\u2019s crude exports fell 9.2% y-o-y in 2024, hitting a 14-year low of 6.1 mn bbl \/ <\/strong><strong>d<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.mees.com\/2025\/2\/21\/opec\/saudi-arabia-2024-key-oil-stats-000-bd-crude-exports-fall-10-to-14-year-low\/ba298a40-f05d-11ef-8a3c-6f9b45f59147\" style=\"\" rel=\"noopener\">figures<\/a> from the Middle East Economic Survey (Mees). Crude output also fell 6.8% y-o-y to 9 mn bbl \/ d.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/conferences.wcaworld.com\/wcaworld2025\/info\/\" style=\"\" rel=\"noopener\">WCA Worldwide Conference<\/a><\/strong><strong> from Tuesday, 25 February to <\/strong><strong>Saturday, 1 March<\/strong> in Dubai. The event \u2014 set to bring together over 4.5k freight forwarders from 179 countries \u2014 will host several workshops and courses over one week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/conferences.wcaworld.com\/wcaworld2025\/info\/\" style=\"\" rel=\"noopener\">WCA Worldwide Conference<\/a><\/strong><strong> from Tuesday, 25 February to Saturday 1 March<\/strong>, in Dubai. The conference will include delegates from over 180 countries for logistics social networking events, one-on-one meetings and sponsorships. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"559.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/559.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/559.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84676\" class=\"content-area-description single-story post-84676 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-adnoc tag-ipo-watch tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.9a947317-d09a-423c-af06-ec5a3a4f191e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu <\/strong><strong>Dhabi <\/strong><strong>National Oil (Adnoc) <\/strong><strong>raised USD 2.8 bn with the <\/strong><strong>completion of an additi<\/strong><strong>onal 4% stake sale in subsidiary Adnoc Gas to institutional investors<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2025\/adnoc-successfully-completes-284-billion-marketed-offering-of-adnoc-gas-shares\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. The follow-on offering \u2014 priced at AED 3.40 per share \u2014 was 4.4x oversubscribed after seeing books covered throughout the range of the offering, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/uaes-adnoc-sell-4-stake-adnoc-gas-2025-02-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing one of the book-runners. The pricing was 43% higher than the gas unit\u2019s IPO share price of AED 2.37.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc will retain an 86% majority stake in Adnoc Gas<\/strong>, with an agreement not to sell further shares for a period of six months from the closing of the sale, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offering increases Adnoc Gas\u2019 freefloat and paves the way for its inclusion in the <\/strong><strong>MSCI Emerging Market Index and FTSE Emerging Market Index<\/strong>, possibly at the next quarterly review subject to Adnoc Gas meeting all the relevant inclusion criteria, the statement read. This will also \u201cenhance trading and liquidity in Adnoc Gas\u2019 ordinary shares and diversify its shareholder base. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the largest equity offering in the Mena region<\/strong> since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11b8a541-a6d0-44d9-a177-9ef29b4f41c8\/aramco-completes%253cmark%253e-secondary%253c%2Fmark%253e%253cmark%253e-share%253c%2Fmark%253e-offering\" style=\"\" rel=\"noopener\">Saudi Aramco\u2019s USD 12.3 bn<\/a> follow-on sale last June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It is also the second follow-on sale for an Adnoc unit in as many years: <\/strong>The move also follows <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/56fa7e88-579e-4b1d-a52e-66fbea7cb307\/today:-a-big-day-for-regional-rail-projects-%2B-egypt%25e2%2580%2599s-sczone-signs-land-agreement-with-orascom-industrial-parks\" style=\"\" rel=\"noopener\">a USD 935 mn stake sale<\/a> in Adnoc Drilling in May 2024, which led to the drilling unit\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/77dc85db-e75a-42ea-a6c5-a81b678a0885\/this-morning:-ad-ports-close-to-finalizing-izmir-port-acquisition%3F-%2B-gov%25e2%2580%2599t-launches-3q-clean-energy-certificated-auction\" style=\"\" rel=\"noopener\">inclusion<\/a> in the MSCI Emerging Markets Index. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas is on a growth run: <\/strong>The gas giant saw its bottom line grow 13% y-o-y in 2024 to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d991518e-32d3-445b-8411-e5602e596264\/adnoc-gas-reports-robust-growth-in-fy-2024\" style=\"\" rel=\"noopener\">USD 5 bn in 2024<\/a> driven by a 2% increase in sales volumes supported by higher contributions from Adnoc LNG and high demand for domestic gas. The firm\u2019s top line was up 7% y-o-y to USD 24.43 bn over the same period. The UAE\u2019s leading liquefied natural gas (LNG) supplier also manages the bulk of the country\u2019s domestic gas distribution and operates an offshore export terminal, and is set to more than double its global LNG export capacity with its upcoming Ruwais facility, set for commissioning in 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> Adnoc Gas raked in USD 2.5 bn in one of the region\u2019s biggest IPOs in recent years in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>The state-owned energy giant enlisted BofA Securities, Citi, EFG Hermes, First Abu Dhabi Bank, HSBC, and International Securities as coordinators and bookrunners to manage the sale.<\/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\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84678 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=\"84678\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/84678\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84678\" class=\"content-area-description single-story post-84678 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=\"84679\" 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=\"84679\">\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\">STORAGE + WAREHOUSES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/\">\r\n                            GWC launches logistics hub at Ras Laffan to boost oil and gas industry                        <\/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\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/\" 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\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/')\">\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\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/\">\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=GWC launches logistics hub at Ras Laffan to boost oil and gas industry&url=https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/\">\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\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/&title=GWC launches logistics hub at Ras Laffan to boost oil and gas industry\">\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=GWC+launches+logistics+hub+at+Ras+Laffan+to+boost+oil+and+gas+industry+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F02%2F24%2Fgwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry%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\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84680\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/gwc-launches-logistics-hub-at-ras-laffan-to-boost-oil-and-gas-industry\/2068-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2068.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2068.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84679\" class=\"content-area-description single-story post-84679 post type-post status-publish format-standard has-post-thumbnail hentry category-storage-warehouses tag-logistics-hub tag-qatar 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\/2025\/2\/.de48d2a1-982f-4353-b83e-5205caa5b31e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Qatar<\/strong><strong>-based Gulf Warehousing Company (GWC) has inaugurated an oil and <\/strong><strong>gas-dedicated logistics hub at Ras Laffan<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gwc-launches-major-logistics-hub-in-ras-laffan-acdd4kx7\" style=\"\" rel=\"noopener\">press release<\/a>. The Ras Laffan hub will support Qatar\u2019s growing energy sector by extending services to meet logistics demands from the North Field Expansion Project. No investment ticket for the hub has been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The project will include an indoor bulk storage warehouse spanning 5.3k sqm with a 25-tonne overhead crane and an indoor racked storage distribution center with thousands of pallet locations. The facility will also include five workshops \u2014 each covering 1k sqm \u2014 equipped with drive-in facilities with a 20-meter span to ensure accessible handling of heavy equipment and machinery. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more: <\/strong>The hub boasts a comprehensive outdoor storage solution in the form of a 14k sqm heavy-duty interlocked laydown yard that features comprehensive drainage, lighting, and fencing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GWC\u2019s <\/strong><strong>on a roll in the GCC: <\/strong>GWC energy logistics subsidiary GWC Energy Services inked an MoU with Aramco-backed Offshore Fabrication Company (OFC) to develop 100k sqm of Grade A logistics and storage facilities at Saudi\u2019s Ras Al Khair Industrial Port back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2d81668a-3c8d-4164-b7a4-44b22350e33d\" style=\"\" rel=\"noopener\">November 2024<\/a>. The firm inked an agreement with Bahrain-based GFH Financial Group in November <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2d81668a-3c8d-4164-b7a4-44b22350e33d\" style=\"\" rel=\"noopener\">to set up 200k sqm of Grade A logistics facilities in Saudi Arabia<\/a>, including in Riyadh, Jeddah, and Dammam. GWC subsidiary Flag Logistics also said in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/34fcd672-e071-4b76-84af-6c20039ea9a3\" style=\"\" rel=\"noopener\">January 2024<\/a> that it will establish a 50k sqm logistics hub, dubbed Flag Oman, at Oman\u2019s Khazaen Economic City.<\/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\/logistics-hub\/\">logistics hub<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84681\" 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=\"84681\">\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\">Roads<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/dubais-rta-awards-aed-798-mn-contract-for-al-qudra-street-upgrades\/\">\r\n                            Dubai\u2019s RTA awards AED 798 mn contract for Al Qudra Street upgrades                        <\/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\/2025\/02\/24\/dubais-rta-awards-aed-798-mn-contract-for-al-qudra-street-upgrades\/\" 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 awardee and the timeline for the Al Qudra Street Development Project were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The project will involve 11.6 km in street extensions and 2.7k meters of new bridges, connecting Al Qudra Street to nearby avenues, such as Sheikh Zayed bin Hamdan Al Nahyan Street and Emirates Road. Upon completion, Al Qudra Street is expected to accommodate 19.2k vehicles per hour and reduce travel time from 9.4 minutes to 2.8 minutes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The project\u2019s upcoming phase will involve expanding Emirates Road along 4.8 kilometers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adding to a string of RTA developments: <\/strong>The RTA awarded an AED 1.5 bn contract for the Al Fay Street Development Project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a605aee4-ed1f-47e7-b8e2-f163156dcb7d\" style=\"\" rel=\"noopener\">last month<\/a>. It also awarded an AED 696 mn contract for its Trade Center Roundabout development project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9591bf32-88b4-4c8b-8273-d316e2f8e987\" style=\"\" rel=\"noopener\">back in October<\/a>, an AED 700 mn contract for improvements along Al Khail Road <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/296bfa35-da3a-48bf-838f-9d9fdf079870\" style=\"\" rel=\"noopener\">back in February 2024<\/a>, and a USD 90 mn contract for improvements to the Umm Suqeim Street Project in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8bf0a252-dabc-44c5-a28c-b7e1f6e8cf18\" style=\"\" rel=\"noopener\">January 2024<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/roads\/\">roads<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84683 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"84683\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/84683\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84683\" class=\"content-area-description single-story post-84683 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84684\" 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=\"84684\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/dalipal-holdings-export-oriented-ksa-manufacturing-hub-has-a-launch-date\/\">\r\n                            Dalipal Holdings\u2019 export-oriented KSA manufacturing hub has a launch date                        <\/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\/2025\/02\/24\/dalipal-holdings-export-oriented-ksa-manufacturing-hub-has-a-launch-date\/\" 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 facility will be located in Dammam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Distribution + production capacity:<\/strong> The company plans to earmark 50% of the facility\u2019s production capacity to cover shortages in the local market, Fanyong said, adding that the new facility's first phase will have an estimated annual capacity of 300k tons. Dalipal plans, at a later stage, to move all of its export-earmarked production to the Dammam facility, Fanyong said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c7be5b22-7a60-4520-a179-3174c8bab5b8\" style=\"\" rel=\"noopener\">tapped BMG Financial Group<\/a> as a financial advisor for its upcoming private offering, whereby it is looking to raise USD 600 mn from strategic investors to support the first phase of its Saudi expansion. Dalipal is also planning a dual listing on the Saudi Exchange to raise an additional USD 1.5 bn by 4Q for the second phase of its Saudi expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First mover advantage:<\/strong> Dalipal is set to become the first producer of hydrogen and drilling pipes in the region, giving it a competitive edge in the market, Fanyong said. The company is also planning to launch an R&D center in the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Saudi Arabia? <\/strong>Fanyong attributed the choice of Saudi Arabia to the country\u2019s openness to international investors, economic incentives for localization and knowledge transfer, and political and currency stability. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The manufacturer is looking to attract the attention of big family offices and anchor investors like Aramco and the PIF to participate in its upcoming private offering, he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_SubHead_! <strong>IN OTHER SAUDI UPDATES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dammam <\/strong><strong>could get another logistics zone<\/strong><strong>:<\/strong> Modon and Saudi Arabia\u2019s National Center for Privatization & PPP (NCP) have launched an Expression of Interest (EOI) for the development of the Logistics Zone Development project in Dammam\u2019s 2nd Industrial City, according to a <a target=\"_blank\" href=\"https:\/\/www.ncp.gov.sa\/en\/MediaCenter\/News\/Pages\/Logistics-Zone-Development-Dam-2Industrial.aspx\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s on the cards? <\/strong>The project will be offered through a public-private partnership model and will include a 30-year agreement covering all stages of design, building, financing, and maintenance until eventually transferring operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details:<\/strong> The proposed zone \u2014 spanning some 850k sqm \u2014 will serve as a key infrastructure hub for the Kingdom, including logistics facilities and warehousing solutions. The hub will feature a gated public area, a non-gated public area, leasable spaces, and a dedicated utility infrastructure space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The authority signed an MoU <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5f53e196-738f-47e0-a43e-eef4639b79c0\/today:-a-new-electrified-transit-network-for-abu-dhabi-%2B-how-mena-countries-fared-in-em-logistics-index\" style=\"\" rel=\"noopener\">last year<\/a> with Saudi Arabian Railways to develop a 1 mn sqm logistics city in Dammam. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/74ed48f2-1c4b-4613-89d4-2e05ef5c048f\/today:-qatar-airways-eyes-a-20%2525-stake-in-virgin-australia\" style=\"\" rel=\"noopener\">KSA expanded<\/a> its total logistics space in industrial cities to over 4.8 mn sqm last year. <\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84686\" 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=\"84686\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/morocco-palestine-ink-mou-on-maritime-aviation-and-road-transport-cooperation\/\">\r\n                            Morocco + Palestine ink MoU on maritime, aviation, and road transport cooperation                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/morocco-palestine-ink-mou-on-maritime-aviation-and-road-transport-cooperation\/\" 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 agreement covers aviation, roads, and maritime transport. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strengthening all modes of transport:<\/strong> Morocco will help support the reconstruction of Palestine\u2019s Gaza-based Yasser Arafat International Airport as well as provide technical assistance for maritime and air ports\u2019 operations. It also aims to aid Palestine in developing maritime and aviation regulations and obtaining memberships in the International Maritime Organization and International Civil Aviation Organization. Morocco will also provide technical assistance and capacity building for the road transport sector.<\/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\/diplomacy\/\">DIPLOMACY<\/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\/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=\"84688 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=\"84688\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/84688\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84688\" class=\"content-area-description single-story post-84688 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\/11\/87.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=\"84689\" 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=\"84689\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/\">\r\n                            Updates on zones, ports and aviation from KSA and UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Updates on zones, ports and aviation from KSA and UAE&url=https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/&title=Updates on zones, ports and aviation from KSA and UAE\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Updates+on+zones%2C+ports+and+aviation+from+KSA+and+UAE+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F02%2F24%2Fupdates-on-zones-ports-and-aviation-from-ksa-and-uae%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2216.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84690\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/updates-on-zones-ports-and-aviation-from-ksa-and-uae\/2216-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2216.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2216.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2216.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2216.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84689\" class=\"content-area-description single-story post-84689 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-ports 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\/2025\/2\/.f137c314-b14f-49a1-b40d-6ea8144dfbb7.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">ZONES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s <\/strong><strong>Jafza <\/strong><strong>+ Haldiram\u2019s to build major saffron processing facility:<\/strong> The Jebel Ali Freezone (Jafza) inked an agreement with Indian food giant Haldiram to establish one of the largest saffron processing facilities in the GCC, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/february\/21-02\/jafza-and-haldiram-sign\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The facility \u2014 which will be managed by saffron processing specialist Kesar Expert & Packer \u2014 is set to begin operations in March 2025. It will initially process 30 metric tonnes of saffron, with plans to scale up to 100 tonnes over five years. The entities also discussed plans to expand Haldiram\u2019s presence in Dubai and explore additional investments in food processing and distribution.<\/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\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Abu Dhabi Airports completed a comprehensive rehabilitation of Si<\/strong><strong>r Bani Yas<\/strong><strong> Airport<\/strong>, enhancing infrastructure, safety, and sustainability to support growing tourism in Al Dhafra, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/abu-dhabi-airports-completes-rehabilitation-project-at-sir-bani-yas-airport\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The upgrades include runway and taxiway reconstruction, a revamped lighting system, and new weather observation technology for improved operational efficiency and safety. The airport can now accommodate Code 4E aircraft, which includes Boeing 747-400, Boeing 777, and Airbus A330\/340. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Dnata <\/strong><strong>debuts <\/strong><strong>operations at FCO:<\/strong> UAE-based air services provider Dnata has launched its EUR 20 mn seven-year airport handling operations agreement at Rome Fiumicino Airport (FCO), according to a <a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/dnatas-airport-handling-launches-operations-at-rome-fiumicino-airport-fco\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The firm will utilize its ground support equipment fleet to streamline operations and ensure environmental efficiency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> Dnata was awarded the handling license agreement back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8b59228e-5404-4438-83b7-c5b39627aa28\/heaps-of-updates-from-bahrain,-uae,-ksa,-morocco,-kuwait,-and-egypt\" style=\"\" rel=\"noopener\">November 2024<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Dnata rolled out a new ground handling system at the US Orlando International Airport <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/479d85d8-8856-43c0-b102-24639ca855c3\/updates-on-logistics-handling,-cargo,-and-startups-from-uae-and-saudi-arabia\" style=\"\" rel=\"noopener\">earlier this month<\/a> at an investment cost of USD 3 mn. The initiative \u2014 dubbed Station of Tomorrow \u2014 boasts a fully electric fleet of ground support equipment, advanced telematics, and AI-powered monitoring designed to enhance operations and boost efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA <\/strong><strong>+ Singapore look to digitalize supply chains<\/strong><strong>:<\/strong> KSA\u2019s National Industrial Development and Logistics Program has inked a strategic agreement with Singapore\u2019s Port Authority Ventures to encourage the development of port automation and sustainable supply chains, according to a <a target=\"_blank\" href=\"https:\/\/www.globalpsa.com\/psa-ventures-and-nidlp-forge-strategic-collaboration-to-drive-innovation-in-port-automation-and-sustainable-supply-chains\/\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The pair aim to foster innovation in port automation, green energy, and data-driven supply chain digital solutions.<\/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\">EQUIPMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP <\/strong><strong>World <\/strong><strong>boosts its UK handling capacity<\/strong><strong>:<\/strong> The UAE\u2019s DP World is investing GBP 60 mn in four new quay cranes at its UK Southampton container terminal, which are slated to arrive starting mid-2026, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/united-kingdom\/latest-news\/dp-world-southampton-makes-60m-investment-in--record-breaking-new-cranes\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The new equipment \u2014 set to be the largest in Europe \u2014 comes as part of the company\u2019s push to enhance its UK end-to-end supply chain network by boosting operational efficiency and handling rates at the terminal, DP World UK VP Aart Hille Ris Lambers said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The cranes \u2014 weighing over 2k tonnes each \u2014 can simultaneously move two 40 ft containers from vessel to yard. The cranes are made to service the largest ships currently in operation \u2014 holding as much as 24k TEUs \u2014 and have an operational lifespan of around 25 years.<\/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>Egypt<\/strong><strong> +<\/strong><strong> New Zealand to sign a<\/strong><strong>viation agreement<\/strong><strong>:<\/strong> Egypt\u2019s Cabinet has approved an agreement to expand air services with New Zealand. (<a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2025\/02\/19\/egypts-cabinet-approves-air-services-agreement-with-new-zealand\/\" style=\"\" rel=\"noopener\">Daily News<\/a>) <\/li>\n<li><strong>SCAD + Serco renew partnership:<\/strong> UAE\u2019s Sharjah Civil Aviation Department (SCAD) has renewed its partnership with Serco to boost air services. (<a target=\"_blank\" href=\"https:\/\/www.serco.com\/meAR\/me\/media-and-news\/2025\/the-department-of-civil-aviation-in-sharjah-and-serco-renew-air-navigation-services-contract\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>KSA<\/strong> <strong>boosts digitalization in aviation sector: <\/strong>KSA's General Authority of Civil Aviation has launched Ajwa to streamline services, enhance efficiency, and foster a comprehensive digital environment in the aviation sector. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2266390\" style=\"\" rel=\"noopener\">SPA<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"84691\" 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=\"84691\">\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\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/24\/airbus-net-income-up-by-12-y-o-y-in-fy-2024\/\">\r\n                            Airbus\u2019 net income up by 12% y-o-y in FY 2024                        <\/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\/2025\/02\/24\/airbus-net-income-up-by-12-y-o-y-in-fy-2024\/\" 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 European manufacturer\u2019s revenues saw an uptick of 8% y-o-y to EUR 24.7 bn during the same period, driven by a boost in commercial aircraft and helicopter deliveries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Year in review:<\/strong> The firm\u2019s net income increased 12% y-o-y to EUR 4.2 bn in FY 2024, while its revenues inched up 6% y-o-y to EUR 69.2 bn during the same period. Airbus\u2019 total aircraft deliveries were up 4.2%, based on our calculations, to 766. The firm saw a 52% y-o-y dip in order intakes\u2019 value to EUR 77.4 during the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Targets for 2025 and beyond:<\/strong> Airbus set a target of 820 commercial aircraft deliveries for the year. For the A350 aircraft, the company has set a target rate of 12 aircraft in 2028 and will adjust the entry-into-service of the A350 freighter variant \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/57e0757c-5889-4ce5-88f7-3d1760b8d58d\/%253cmark%253eairbus%253c%2Fmark%253e-to-delay-the-launch-of-its-new-a350-freighter-model\" style=\"\" rel=\"noopener\">originally planned for 2026<\/a> \u2014 to be now expected in 2H 2027. For the A220, Airbus is setting a monthly production target of 14 aircraft in 2026, while the A320 Family program has a target of 75 aircraft per month in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Airbus saw an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9fceec0c-837a-4c2f-8656-adb7051757f1\" style=\"\" rel=\"noopener\">11% y-o-y fall in net income to EUR 3.8 bn in 2023<\/a>, while its topline saw an uptick of 11% y-o-y to EUR 65.4 bn on the back of boosted commercial aircraft deliveries. The number of aircraft delivered increased 11.2% during the period to 735. <\/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>US <\/strong><strong>greenlights Venture Global LNG expansion:<\/strong> Venture Global LNG has received approval from US regulators to increase production capacity at its Plaquemines LNG plant. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-regulators-approve-venture-global-increase-plaquemines-lng-capacity-exports-2025-02-20\/\" style=\"\" rel=\"noopener\">Reuters<\/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\/airbus\/\">Airbus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84693\" 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\/2025\/02\/24\/84693\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84693\" class=\"content-area-description single-story post-84693 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/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;\">No events announced at the moment.<\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-4 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conferenziaworld.com\/global-supply-chain-and-logistics-summit\/\" style=\"\">Global Supply Chain and Logistics Summit<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, The Netherlands. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-4 April (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/africasco.co.za\/\" style=\"\">Africa Supply Chain Optimization<\/a><\/span><span style=\"font-weight:400;\">, Johannesburg, South Africa  <\/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 April (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.marinemoney.com\/events-2-0-2\/2025-gulf-ship-finance-forum\" style=\"\">Gulf Ship Finance 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>14 April (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/cargois-forum\/\" style=\"\">CargoIS 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>15-17 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/product\/transport-middle-east-2025-2\/\" style=\"\">Transport Middle East Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Aqaba, Jordan.<\/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>15-17 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/world-cargo-symposium\/\" style=\"\">IATA World Cargo Symposium<\/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>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>28 April-2 May: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iranexpo.co\/\" style=\"\">7th Export Capabilities Exhibition (Iran Expo)<\/a><\/span><span style=\"font-weight:400;\">, Tehran, Iran.<\/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;\">MAY <br \/><\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>6-8 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">Airport Show<\/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>12-15 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartlogistics.com\/\" style=\"\">Saudi Smart Logistics<\/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>13-14 May (Tuesday-Wednesday): <\/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>20-22 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east\/index.stm\" style=\"\">Seamless Middle East<\/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>27-29 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudilogisticsexpo.com\/\" style=\"\">Saudi Warehousing & Logistics Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">JUNE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1-3 June (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2025\/\" style=\"\">Annual General Meeting & World Air Transport Summit 2025<\/a><\/span><span style=\"font-weight:400;\">, 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>2-4 June (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.propakmena.com\/en\/home.html\" style=\"\">Propak MENA<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/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>5-6 June (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cparityevent.com\/supply-chain-4-0-summit\/\" style=\"\">Supply Chain & Logistics Innovation Summit<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>11-13 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/key-notion.com\/sustainability-world-summit\/\" style=\"\">Sustainability World Summit<\/a><\/span><span style=\"font-weight:400;\">, Frankfurt, Germany.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>17-19 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tocevents-europe.com\/en\/home.html\" style=\"\">Terminal Operations Conference & Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>19 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emmc.me\/\" style=\"\">East Med Maritime Conference<\/a><\/span><span style=\"font-weight:400;\">, Athens, Greece.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>25-26 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/decarbonizingforum.com\/forum\/\" style=\"\">Decarbonizing Shipping Forum<\/a><\/span><span style=\"font-weight:400;\">, Hamburg, Germany.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1-3 July (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/product\/asean-ports-and-logistics-2025\/\" style=\"\">ASEAN Ports and Logistics<\/a><\/span><span style=\"font-weight:400;\">, Jakarta, Indonesia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>24-26 September (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.routesonline.com\/events\/254\/routes-world-2025\/\" style=\"\">Routes World<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1-2 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/saudi-maritime-congress\" style=\"\">Saudi Maritime & Logistics Congress<\/a><\/span><span style=\"font-weight:400;\">, Dammam, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>14-15 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.afsic.net\/welcome\/\" style=\"\">Investing in Africa Conference and Expo<\/a><\/span><span style=\"font-weight:400;\">, London, UK. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span 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>3-6 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" 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>4-6 November (Tuesday-Thursday): <\/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=\"\">Air Cargo Forum<\/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>17-21 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiairshow.aero\/\" style=\"\">Dubai Airshow<\/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\">EVENTS WITH NO SET DATE<\/span><span style=\"font-weight:400;\"> <br \/><\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>Mid-2025: Iraq will complete <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/iraq-to-finish-phase-1-of-faw-grand-port-in-2025-r1g2m8qk\" style=\"\">phase one<\/a><\/span><span style=\"font-weight:400;\"> of the construction of the Grand Faw Port.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">AD Ports-operated Safaga Port\u2019s multi-purpose terminal will become operational. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apmterminals.com\/en\/news\/news-releases\/2023\/231213-one-million-teu-expansion-at-apm-terminals-tangier-med-port-operational#:~:text=12%2F18%2F2023-,One%20million%20TEU%20expansion%20at%20APM%20Terminals%20Tangier%20MedPort%20operational,an%20additional%20400%20metre%20berth.\" style=\"\">Phase 3<\/a><\/span><span style=\"font-weight:400;\"> of APM Terminals Tangier MedPort to be complete and operational.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Sadr Park\u2019s Logistics Center in Riyadh to be completed. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.jafza.ae\/media-centre\/news\/jafza-completes-phase-1-of-new-logistics-park\/\" style=\"\">Phase two<\/a><\/span><span style=\"font-weight:400;\"> of Jafza Logistics Park to be completed.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">2026 UNCTAD Global Supply Chains Forum, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Adnoc completes sale of 4% of Adnoc Gas | Qatar launches new oil &#038; gas logistics hub | Saudi\u2019s export-oriented pipes facility has a launch date<\/p>\n","protected":false},"featured_media":84672,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-84671","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5d67ea3b-5841-4df2-873e-a5645a8f9411","teaser":"Adnoc completes sale of 4% of Adnoc Gas | Qatar launches new oil & gas logistics hub | Saudi\u2019s export-oriented pipes facility has a launch date","photo_url":"https:\/\/ent.news\/2024\/11\/239.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adnoc raises USD 2.8 bn from Adnoc Gas stake sale - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/adnoc-raises-usd-2-8-bn-from-adnoc-gas-stake-sale\/\" \/>\n<meta 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