{"id":74171,"date":"2023-10-15T00:00:00","date_gmt":"2023-10-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/15\/sohar-port-and-freezone-to-expand-middle-east-groups-open-yard-car-storage-hub-iran-eyes-smoother-customs-transit-trade\/"},"modified":"2023-10-15T00:00:00","modified_gmt":"2023-10-15T00:00:00","slug":"sohar-port-and-freezone-to-expand-middle-east-groups-open-yard-car-storage-hub-iran-eyes-smoother-customs-transit-trade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/15\/sohar-port-and-freezone-to-expand-middle-east-groups-open-yard-car-storage-hub-iran-eyes-smoother-customs-transit-trade\/","title":{"rendered":"Sohar Port and Freezone to expand Middle East Group\u2019s open yard car storage hub + Iran eyes smoother customs, transit trade"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ZONES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sohar Port and Freezone has inked an agreement with Libyan conglomerate <\/strong><strong><a target=\"_blank\" href=\"https:\/\/middleeastgrp.com\/about-us\/\" style=\"\" rel=\"noopener\">Middle East Group<\/a><\/strong><strong>to expand its open yard car storage hub<\/strong>, as part of plans to boost logistics capabilities and export and re-export operations, according to a <a target=\"_blank\" href=\"https:\/\/soharportandfreezone.om\/en\/media\/news-events\/5552\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TRADE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IRU + Iranian customs look to boost transport and transit in Iran: <\/strong>President of the Iranian Customs Administration met with the International Road Transport Union\u2019s (IRU) Secretary General Umberto de Pretto in Geneva to discuss strengthening transport and transit in Iran, according to a <a target=\"_blank\" href=\"https:\/\/www.iru.org\/news-resources\/newsroom\/head-iranian-customs-and-iru-weigh-key-regional-opportunities\" style=\"\" rel=\"noopener\">statement<\/a>. The pair discussed lowering transport costs and time by streamlining border crossings, easing customs procedures, digitalizing customs documents, and implementing TIR-EPD green lanes \u2014 a system allowing TIR holders to submit electronic pre-declarations (EPDs) to customs authorities in different countries. They also agreed to research the challenges faced during transit and determine how to enhance trade and transit volumes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DEBT WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Fund for Development to lend Central Africa<\/strong><strong> USD 20 mn for airport upgrades:<\/strong> Saudi Fund for Development (SFD) CEO Sultan Al Marshad inked a USD 20 mn development loan agreement with Central Africa\u2019s Prime Minister Felix Moloua to oversee the completion of the runway works of Bangui airport and improve navigational traffic, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/saudi-fund-for-development-signs-sdditional-20mln-development-loan-agreement-jqbwvzw6\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0bb5d488-ddc2-466a-b6e8-2e97097c5503\" style=\"\" rel=\"noopener\">USD 1.5 bn green sukuk<\/a><\/strong><strong> \u2014 which it closed in September \u2014 will be used to fund electrification, renewable energy and clean transport projects<\/strong>, according to a company <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-raises-15bn-green-sukuk-to-support-sustainability-ambitions\/\" style=\"\" rel=\"noopener\">statement<\/a>. The sukuk, which was listed on Nasdaq Dubai and the London Stock Exchange, garnered strong demand from local, regional, and international investors, and was 2.3x oversubscribed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH KNOWING-<\/strong><\/p>\n<ul>\n<li><strong>QNB<\/strong>will offer<strong>banking services <\/strong>to companies and investors at <strong>Qatar Free Zones <\/strong>(QFZ). (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/wealth\/alternative-investments\/qatar-free-zones-authority-and-qnb-sign-deal-to-promote-attraction-of-fdi-cgdcd2xy\" style=\"\" rel=\"noopener\">Zawya<\/a>)<\/li>\n<li>India\u2019s <strong>Asaka Air<\/strong> has received the green light to operate flights to <strong>Saudi Arabia, <\/strong><strong>Qatar,<\/strong>and <strong>Kuwait<\/strong> this winter. (<a target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/dubai-bilaterals-exhausted-akasa-gets-nod-for-saudi-kuwait-qatar\/articleshow\/104323519.cms?from=mdr\" style=\"\" rel=\"noopener\">Times of India<\/a>)<\/li>\n<li><strong>Air Alg\u00e9rie has inaugurated its first direct flight<\/strong> from <strong>Algiers<\/strong> to <strong>Douala<\/strong>, with a view to <strong>boosting cooperation <\/strong>between <strong>Algeria<\/strong> and other <strong>African countries<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.aps.dz\/en\/economy\/49000-air-algerie-opens-first-direct-flight-from-algiers-to-douala\" style=\"\" rel=\"noopener\">Algeria Press Service<\/a>) <\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/\" style=\"\" rel=\"noopener\">Etihad Airways<\/a><\/strong>has taken <strong>delive<\/strong><strong>ry <\/strong>of a <strong>new Boeing 787-10 Dreamliner<\/strong>, the latest addition to the carrier\u2019s fleet. (<a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/news\/etihad-welcomes-latest-addition-to-fleet-as-new-boeing-787-10-dreamliner-touches-down\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Emirati <\/strong>airline<strong> flydubai <\/strong>is set to be the <strong>first international carrier <\/strong>to<strong> operate <\/strong><strong>regular flights <\/strong>between <strong>Dubai and Kabul <\/strong>since 2021. The airline will launch two daily services starting 15 November. (<a target=\"_blank\" href=\"https:\/\/simpleflying.com\/flydubai-becomes-international-carrier-restart-flights-kabul\/\" style=\"\" rel=\"noopener\">Simple Flying<\/a>)<\/li>\n<li><strong>Emirates Global Motor Electric <\/strong>has become the <strong>exclusive distributor <\/strong>of <strong>SANY electric trucks <\/strong>in the <strong>UAE<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-global-motor-electric-becomes-exclusive-distributor-of-sany-electric-trucks-in-uae-iofoqls3\" style=\"\" rel=\"noopener\">Press release<\/a>) <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>ZONES- Sohar Port and Freezone has inked an agreement with Libyan conglomerate Middle East Groupto expand its open yard car storage hub, as part of plans to boost logistics capabilities and export and re-export operations, according to a press release. TRADE- IRU + Iranian customs look to boost transport and transit in Iran: President of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74172,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[63],"tags":[62,145,193,165,17,201,119,142,32,129,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-customs","tag-debt-watch","tag-enterprise-logistics","tag-india","tag-iran","tag-oman","tag-trade","tag-uae","tag-zones","wpautop","entry"],"acf":{"mongo_id":"4c2ce058-c614-4e1a-a0ab-0156fff231be","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/739.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sohar Port and Freezone to expand Middle East Group\u2019s open yard car storage hub + Iran eyes smoother customs, transit trade. PLUS: More from DP World, Saudi Fund for Development + regional airlines","related_issue":[74149],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.ee2388ef-a3d1-49c1-8d06-dcc9ac2ffc28.mp3"},"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>Sohar Port and Freezone to expand Middle East Group\u2019s open yard car storage hub + Iran eyes smoother customs, transit trade - 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\/2023\/10\/15\/sohar-port-and-freezone-to-expand-middle-east-groups-open-yard-car-storage-hub-iran-eyes-smoother-customs-transit-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sohar Port and Freezone to expand Middle East Group\u2019s open yard car storage hub + Iran eyes smoother customs, transit trade\" \/>\n<meta property=\"og:description\" content=\"ZONES- Sohar Port and Freezone has inked an agreement with Libyan conglomerate Middle East Groupto expand its open yard car storage hub, as part of plans to boost logistics capabilities and export and re-export operations, according to a press release. 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