{"id":78878,"date":"2024-05-29T00:00:00","date_gmt":"2024-05-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/"},"modified":"2024-05-29T00:00:00","modified_gmt":"2024-05-29T00:00:00","slug":"rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/29\/rail-trade-and-cargo-updates-from-ksa-uae-egypt-and-iran\/","title":{"rendered":"Rail, trade, and cargo updates from KSA, UAE, Egypt, and Iran"},"content":{"rendered":"

RAIL- <\/p>\n

<\/strong>Saudi Arabia Railways (SAR) <\/strong>inked a contract with <\/strong>Ismail Abudawood and Procter<\/a><\/strong>& Gamble (P&G) Ltd<\/a><\/strong> to transport products across the Kingdom via rail,<\/strong> according to a statement<\/a>. No investment ticket or timeline was disclosed as part of the statement. <\/p>\n

The details: <\/strong>The partnership looks to boost transport product speed and efficiency by leveraging rail solutions, while also curbing emissions and safeguarding roadway infrastructure by limiting truck movements, the statement said. The move also comes in line with national efforts to boost the Kingdom\u2019s standing as a global logistics leader.<\/p>\n

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Iran has launched the 37 km Rasht-Caspian railway<\/strong> which is the final phase of its \u201csea to <\/strong>sea\u201d corridor linking ports in Iran\u2019s south and north regions<\/strong>, Tasnim<\/a> reports. The railway carries an investment ticket ofIRR 30 tn (USD 720 mn) and forms part of the International North-South Transport Corridor<\/a>. <\/p>\n

TRADE- <\/p>\n

UAE\u2019s <\/strong>DMCC<\/strong> + <\/strong>Seoul Business Agency <\/strong>partner to boost trade: <\/strong>The UAE\u2019s Dubai Multi Commodities Center (DMCC) has inked an MoU with South Korea\u2019s Seoul Business Agency (SBA) to boost trade, according to a statement<\/a>. The two sides will support South Korean SMEs in Dubai through the Business Acceleration Platform (AGCC), which will facilitate the exchange of knowledge, resources, and expertise. The number of South Korean businesses setting up shop in Dubai rose by 20% last year, the statement said.<\/p>\n

Algerian energy firm Sonatrach has inked an agreement with Slovenian natural gas <\/strong>trader Geoplin to increase gas exports to Slovenia<\/strong>, Slovenia Times<\/a> reports. Algeria will increase its natural gas exports by over 66% starting 2026, adding an additional 200 mn cubic meters per year. Algeria will employ its gas pipeline to Italy to deliver the natural gas to Slovenia, Xinhua<\/a> reports.<\/p>\n

The Dubai International Chamber will hold an African roadshow in June to strengthen <\/strong>trade with Senegal and Morocco<\/strong>, according to a press release<\/a>. The roadshow will take place from 3 to 7 June and is part of the New Horizons initiative which looks to promote the global reach of Dubai-based businesses.<\/p>\n

ZONES- <\/p>\n

NERIC + Eastern R&E to cooperate on railway car production in SCZone:<\/strong> Egypt\u2019s National<\/a>Railway Industries Company<\/a> (NERIC) and South Korea-based supplier for manufacturing components for railway cars Eastern R&E<\/a> have inked an agreement to develop railway vehicle production projects in Egypt, exchange technical information, and transfer technology, according to a statement<\/a>. The agreement was signed during a visit by a delegation from the Egyptian-Korean Development Association (KEDA) to the SCZone, which is looking to attract Korean investments to Egypt, according to the statement.<\/p>\n

About NERIC:<\/strong> NERIC is a JV formed by a consortium of Egyptian companies and government entities to establish a rolling stock plant in the SCZone\u2019s East Port Said Industrial Area, according to its website<\/a>.<\/p>\n

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SUPPLY CHAINS-<\/p>\n

<\/strong>Saudi\u2019s Sure Global Tech signed a SAR 13.9 mn contract to diversify and develop supply <\/strong>chains in commodities, minerals, and others with KSA\u2019s Commerce Ministry<\/strong> in cooperation with the Foreign Trade Authority, it said in a disclosure to Tadawul<\/a>. The contract sees the IT firm developing technology systems and adopting AI to provide recommendations on foreign trade <\/p>\n

DP World + Maalexi partner to boost food security:<\/strong> DP World has signed an agreement with UAE-based dynamic risk management outfit Maalexi<\/a> to enhance operational efficiency and streamline access to a wider range of food products at Jebel Ali Port, according to a press release<\/a>. The partnership aims to expedite delivery time for essential food supplies for businesses across the UAE and the wider region.<\/p>\n

Danone Egypt<\/a><\/strong> is looking to source 90% of its production needs from local <\/strong>suppliers <\/strong>by 2026<\/strong>, General Manager Hesham Radwan told Zawya Projects<\/a>. The company \u2014 which already sources 70% of its needs from local sources \u2014 plans on promoting Egypt as an export hub for raw materials, packaging, and finished products, Radwan said.<\/p>\n

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EQUIPMENT-<\/p>\n

Equipment manufacturer <\/strong>Kanoo Machinery\u2019s<\/a><\/strong> units in KSA and UAE sealed a <\/strong>partnership agreement with leading Irish forklift maker <\/strong>Combilift<\/a><\/strong> to introduce sustainable forklifting solutions in the region, according to a statement<\/a>. Those will focus on material handling equipment to help \u201cmeet diverse industry needs while supporting environmental goals.\u201d The financial terms of the partnership agreement were not disclosed. Kanoo Machinery is a member of leading family-owned conglomerate Yusuf bin Ahmed Kanoo.<\/p>\n

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CARGO-<\/p>\n

Saudi Arabia <\/strong>and Nigeria are to resume cargo flights after an extended period of <\/strong>suspension as the pair look to boost trade and logistics<\/strong>, Channels<\/a> reported, citing statements by Nigeria\u2019s Minister of Aviation, Festus Keyamo. The decision to restart the flights came during a recent visit to Saudi Arabia, Keyamo said. No date for the resumption of flights was announced.<\/p>\n

REMEMBER- <\/strong>Emirates Skycargo announced plans<\/a> last week to recommence flights to Nigeria, effective 1 October, and will offer 300 tonnes of weekly bellyhold cargo capacity for flights in and out of Lagos. <\/p>\n

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