{"id":69734,"date":"2023-03-16T00:00:00","date_gmt":"2023-03-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/03\/16\/oman-eyeing-bidders-for-design-construction-financing-of-the-salalah-thumrait-road\/"},"modified":"2023-03-16T00:00:00","modified_gmt":"2023-03-16T00:00:00","slug":"oman-eyeing-bidders-for-design-construction-financing-of-the-salalah-thumrait-road","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/03\/16\/oman-eyeing-bidders-for-design-construction-financing-of-the-salalah-thumrait-road\/","title":{"rendered":"Oman eyeing bidders for design, construction + financing of the Salalah-Thumrait road"},"content":{"rendered":"

<\/span> Oman wants bidders to design, construct, finance + operate the Salalah-Thamrait<\/span> road:<\/span> Oman\u2019s Finance Ministry <\/span>has opened the door<\/a> <\/span>for private sector companies to submit their qualification proposals for the design, construction, finance, operation, and maintenance of the Salalah-Thamrait trucking road, the country\u2019s first carriageway to be built under a public-private-partnership (PPP) model. The deadline for submitting the proposals is 4 May, according to the statement. <\/span><\/p>\n

About the Salalah-Thamrait road:<\/span> Spanning a distance of 67 km, the proposed Salalah-Thamrait road will be designed primarily for heavy trucks bearing mineral ores, among other goods, from mineral-rich areas of the Wilayat of Thamrait in Dhofar Governorate.<\/span><\/p>\n

Fitch Ratings affirmed <\/span>Trade Bank of Iraq<\/a><\/span>\u2019s long-term issuer default rating at B-<\/span>,<\/span> with a stable outlook, it said in a <\/span>statement<\/a><\/span>. The credit rating agency attributed its rating to the bank\u2019s improving underwriting standards, satisfactory liquidity position, and sizable liquid non-loan assets. Fitch also sees the bank\u2019s liquidity position improving on the back of \u201chigher receipts from oil revenues, which should feed into TBI's balance sheet given its strong links with the Iraqi sovereign.\u201d<\/span><\/p>\n

The UAE Regulations Lab grants a license for an electric cargo aircraft: <\/span>The UAE\u2019s<\/span> RegLab at the General Secretariat of the Cabinet issued a temporary license to test an electric vertical takeoff and landing (eVTOL) aircraft in the UAE in cooperation with the United Parcel Service (UPS), Emirati state news agency <\/span>WAM<\/a> <\/span>reports. The license will allow<\/span> UPS to use a new sustainable aircraft to deliver cargo in the UAE. <\/span><\/p>\n

Container traffic at Saudi ports rose 7.76% y-o-y in February <\/span>to 622,837 TEUs,<\/span> according to a <\/span>statement<\/a><\/span> from the Saudi Ports Authority (Mawani)<\/span>. The number of contain<\/span>ers exported during the month increased 12.7% y-o-y, while imported containers rose 5.9% y-o-y. Transshipments rose 5.39% y-o-y to 234,743 TEUs, while some 883 vessels docked in Saudi Arabia ports during February, up from 842 vessels last February. On the flip side, c<\/span>argo volumes fell 3.13% y-o-y to 23.1 mn tons. <\/span><\/p>\n

The breakdown:<\/span> The volume of dry bulk cargo increased 2.9% y-o-y to 3.8 mn tons, while liquid bulk cargo volumes fell 13.16% to 11.8 mn tons in February. General cargo soared 77.2% y-o-y to 639.8k tons. <\/span><\/p>\n

Also worth noting: <\/span><\/p>\n