{"id":72589,"date":"2023-08-07T00:00:00","date_gmt":"2023-08-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/saudia-cargo-expands-european-operations-through-new-partnership-sczone-close-to-setting-up-investment-arm-plus-more-from-emirates-delivery-etihad-airways-and-qatar\/"},"modified":"2023-08-07T00:00:00","modified_gmt":"2023-08-07T00:00:00","slug":"saudia-cargo-expands-european-operations-through-new-partnership-sczone-close-to-setting-up-investment-arm-plus-more-from-emirates-delivery-etihad-airways-and-qatar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/07\/saudia-cargo-expands-european-operations-through-new-partnership-sczone-close-to-setting-up-investment-arm-plus-more-from-emirates-delivery-etihad-airways-and-qatar\/","title":{"rendered":"Saudia Cargo expands European operations through new partnership + SCZone close to setting up investment arm. PLUS: More from Emirates Delivery, Etihad Airways, and Qatar"},"content":{"rendered":"

AVIATION- <\/strong><\/p>\n

Saudia Cargo has inked an agreement with European logistics company <\/strong>Jan de<\/a><\/strong>Rijk<\/a><\/strong> to expand its European services<\/strong>, the Saudi Gazette<\/a> reports. The agreement, which was signed last month, will enable Saudia Cargo to leverage Jan de Rijk\u2019s extensive trucking network, which includes specialized vehicles, to enhance its European operations and its market reach. <\/p>\n

About Jan de Rijk Logistics: <\/strong>The company, founded in 1971, offers transportation, distribution services, and supply chain management solutions. It operates in five business segments: international transport, Benelux distribution, contract logistics, road freight forwarding, and intermodal transport. <\/p>\n

Kuwait Airways is in talks to lease six to eight aircraft for a 12-year period <\/strong>as it faces possible delays<\/strong> of up to a year for Airbus aircraft that are on order, Reuters<\/a> reports, citing its CEO, Maen Razouqi. The airline had announced a potential one-year delay in obtaining Airbus planes from a 2022 order of 31, of which 18 have been received. The airline\u2019s CEO says that the party responsible for the delay should bear any associated costs, Razouqi added.<\/p>\n

INVESTMENT WATCH- <\/strong><\/p>\n

SCZone one step closer to launching investment arm: <\/strong>The Suez Canal Economic Zone (SCZone) has received the Egyptian cabinet\u2019s approval to set up a joint-stock investment company named SCZone Istithmar, according to a decision published in Egypt\u2019s Official Gazette on Thursday. The SCZone in November announced plans<\/a> to establish the investment company as part of a package of measures designed to boost FDI inflows into the country, explaining that the company would channel finance into projects being established in the zone.<\/p>\n

The company\u2019s role:<\/strong> SCZone Istithmar will strategically plan and manage the authority\u2019s current and future investments. It will also help establish industrial development and utilities companies that serve the SCZone in partnership with private investors, both local and international.<\/p>\n

SHIPPING + MARITIME-<\/strong><\/p>\n

Oslo-based RoRo player <\/strong>H\u00f6egh Autoliners<\/a><\/strong> has inked a five-year agreement with <\/strong>an unnamed automaker to carry cars from the US to the Middle East<\/strong>, according to a company statement<\/a>. The announcement did not disclose details on the agreement\u2019s finances or the name of the automaker, which it referred to as a \u201cmajor international car producer,\u201d but implied that the agreement could be worth more than USD 100 mn. <\/p>\n

What they said: <\/strong>\u201cWe are happy to partner with this major international car producer for transportation of their cargo in one of our core trade lanes,\u201d CEO Andreas Enger said. \u201cWe have a long history in the US to the Middle East trade and it gives us confidence that customers see us as their trusted long-term carrier for their products in this corridor.\u201d<\/p>\n

E-COMMERCE-<\/strong><\/p>\n

Emirates Delivers launches in Kuwait:<\/strong> Emirates SkyCargo\u2019s online retail delivery platform, Emirates Delivers<\/a>, has expanded its services to Kuwait, Trade Arabia<\/a> reports. The platform will provide shipments and deliveries for products from the US and UK to Kuwait within 3-5 working days. Emirates Delivers first launched in 2019, with shipments from the US to the UAE, before adding the UK to the service in 2022. <\/p>\n

ALSO WORTH KNOWING-<\/strong><\/p>\n