{"id":77693,"date":"2024-04-01T00:00:00","date_gmt":"2024-04-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/01\/turkeys-dnm-is-set-to-establish-two-projects-in-egypt-emrill-and-clemtech-join-forces-to-launch-emrill-rail-in-the-uae\/"},"modified":"2024-04-01T00:00:00","modified_gmt":"2024-04-01T00:00:00","slug":"turkeys-dnm-is-set-to-establish-two-projects-in-egypt-emrill-and-clemtech-join-forces-to-launch-emrill-rail-in-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/01\/turkeys-dnm-is-set-to-establish-two-projects-in-egypt-emrill-and-clemtech-join-forces-to-launch-emrill-rail-in-the-uae\/","title":{"rendered":"Turkey\u2019s DNM is set to establish two projects in Egypt + Emrill and Clemtech join forces to launch Emrill Rail in the UAE"},"content":{"rendered":"

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ZONES-<\/p>\n

Turkey\u2019s DNM is setting up two projects in Egypt: <\/strong>Egypt\u2019s General Authority of the Suez Canal Economic Zone (SCZone) has greenlit two projects by DNM Textile<\/a> \u2014 an investment venture of Turkish clothing firm Eroglu Holding, according to a statement<\/a> released on Saturday. DNM received approval to move forward with a USD 40 mn denim factory in Qantara West Industrial Zone, as well as an industrial complex for spinning, weaving, clothing, mattress, and furnisher production. Some 70% of the denim factory\u2019s production will be exported.<\/p>\n

REMEMBER- <\/strong>Local ready-made garment maker Eroglu Egypt \u2014 the local arm of the Turkish Eroglu Holding \u2014 will build a USD 150 mn ready-made clothing factory in Qantara West Industrial Zone, under a framework agreement inked with the SCZone<\/a>. Meanwhile, Turkey\u2019s Jade Textile signed a framework agreement to invest USD 30 mn in ready-made garments unit for a larger factory that will also house a USD 35 mn dyeing unit.<\/p>\n

The SCZone also<\/strong> inked a MoU with <\/strong>Poland-based grain protection and storage firm subsidiary Feerum Egypt to build a EGP 1.6 bn grain storage silo manufacturing factory <\/strong>in the East Port Said Industrial Zone, according to a statement<\/a> released last week. The move aims to boost the country\u2019s grain storage and export capabilities to enhance national food security, the statement said. The factory, covering 52 km sq, will be used to design, manufacture, and construct grain storage silos and accessories.<\/p>\n

AND- <\/strong>The Egyptian cabinet greenlit a <\/strong>draft bill allowing MSC cargo subsidiary <\/strong>Medlog<\/a><\/strong> to construct, operate, and maintain the new Tenth of Ramadan dry port and logistics center, according to a statement<\/a> released last week. Medlog first snagged<\/a> the bid for the project in June and inked<\/a> in August a 30-year public-private partnership (PPP) contract for the development and operation of the dry port with Egypt\u2019s General Authority for Land and Dry Ports (GALDP). The cabinet has also approved the amendments<\/a> to the investment law that would facilitate private investments in freezones through partnerships or investment contracts with state entities.<\/p>\n

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LOGISTICS HANDLING-<\/p>\n

Mubarrad to deliver Nadec\u2019s products locally and regionally:<\/strong> Riyadh-based Saudi Transport<\/a>and Investment Company (Mubarrad)<\/a> \u2014 a subsidiary of Batic Investment and Logistics Company \u2014 has signed a SAR 32.2 mn three-year contract with dairy firm National Agricultural Development Company (Nadec)<\/a> to transport its range of refrigerated, non-refrigerated, and dry products across domestic and regional markets, it said in a disclosure to Tadawul<\/a>. Under the contract, Mubarrad will use its trucks and trailers to transport Nadec\u2019s products across the GCC and other Arab markets.<\/p>\n

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A<\/strong>CT deploys battery electric container handling equipment: <\/strong>Aqaba Container Terminal (ACT) has become the first terminal in the Middle East to employ the use of full battery-electric container handling equipment, according to a statement<\/a> released on Friday. The equipment includes a reach stacker operated on a 507 kWh fully charged battery capacity, an empty handler with a 350 kWh capacity, and a terminal truck with a 282 kWh battery capacity (watch, runtime: 2:01<\/a>). The use of the new equipment should contribute to slashing maintenance costs and is part of ACT\u2019s strategy to become a carbon-neutral terminal by 2040.<\/p>\n

The move is part of APM Terminals\u2019 USD 60 mn port equipment electrification pilot project<\/strong>, according to the statement. ACT is looking to complete the pilot project by 2025.<\/p>\n

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Cluster2 to offer reduced ground handling services + air freight rates in Jazan: <\/strong>Saudi aviation firm Cluster2<\/a> will support traders, farmers, and exporters in the Jazan region \u2014 one of the KSA\u2019s top agricultural producers \u2014 by charging less for ground handling services from Saudi Sal Logistics Services<\/a> and extending special air freight rates on Saudia Cargo<\/a>, according to a statement<\/a> released last week. The initiative aims to stimulate exports of local agricultural crops, particularly during the current mango season, according to the statement. The initiative reduces export fees and in turn strengthens Saudi exports, logistics specialist Nashmi Al Harbi told Asharq Al-Awsat<\/a> on Tuesday.<\/p>\n

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AVIATION-<\/p>\n

Menzies Aviation to run fuel farm at one of US\u2019 largest airports<\/strong>: <\/strong>Aircraft ground handling firm Menzies Aviation<\/a>, a subsidiary of Kuwaiti logistics giant Agility<\/a>, will manage and operate a fuel farm and hydrant fueling system at Texas\u2019s Houston George Bush InterContinental Airport, according to a statement<\/a> released on Thursday. The move further solidifies the firm\u2019s position as the largest fuel farm operator in North America, operating 56 facilities across the US and Canada. <\/p>\n

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SHIPPING + MARITIME-<\/p>\n

Mawani adds new shipping service to Jeddah Islamic Port:<\/strong>The Saudi Ports Authority (Mawani) has added a new weekly shipping service, RGI by Unifeeder, to its Jeddah Islamic Port, connecting the country to Indian ports, according to a statement<\/a> on Thursday. The new service offers a capacity of up to 2.8k TEUs and will connect the kingdom to four regional and international ports, including India\u2019s Mundra and Nhava Sheva, the UAE\u2019s Jebel Ali, and Egypt\u2019s Sokhna.<\/p>\n

ICYMI- <\/strong>Mawani also added a new shipping service<\/a>, Galex by Emirates Shipping Line, to its King Abdul Aziz Port in Dammam last week, improving connectivity to East Asian ports.<\/p>\n

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INVESTMENT WATCH-<\/p>\n

Adia buys into Indian railway equipment manufacturer:<\/strong> The Abu Dhabi Investment Authority (Adia) has bought some 10 mn equity shares of India\u2019s railway equipment manufacturer Texmaco Rail, through the company\u2019s qualified institutional placement (QIP), CNBC TV18<\/a> reported on Thursday. The share purchase represents 6.80% of the total QIP, which saw Texamaco raise a total of INR 2.5 bn.<\/p>\n

OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n