{"id":82871,"date":"2024-12-05T00:00:00","date_gmt":"2024-12-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/"},"modified":"2024-12-05T00:00:00","modified_gmt":"2024-12-05T00:00:00","slug":"today-damac-invests-big-in-southeast-asia-data-centers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/","title":{"rendered":"TODAY: Damac invests big in Southeast Asia data centers"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>We\u2019re ending the week with a packed issue with news from across the regional logistics sector, from data centers updates to port developments to fresh maritime regulation and more. First, a quick reminder on an important meeting being analyzed and picked apart in the press for days\u2026<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+ is forecasted to extend its latest round of output cuts during today\u2019s meeting<\/strong><strong>,<\/strong> effective until at least the end of 1Q 2025, four insider sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-likely-prolong-oil-cuts-q1-sources-say-2024-12-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The move looks to offer additional support for the oil market due to a slowdown in global demand, but a six-month extension is unlikely, one source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Opec+ pushed back a planned 180k bbl \/ d output hike for December for another month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/512d9cc1-e6a0-445e-b21a-114fc0e4c10e\/rybakina-vs.-zheng-%2B-paolini-vs.-sabalenka-at-wta-finals-today\" style=\"\" rel=\"noopener\">in November<\/a>, amid lingering concerns of soft oil demand from China and a glut in supply. This marks the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6fd1f54f-2a08-4db2-bb29-95548d661e52\/nmdc-energy-closes-aed-3.2-bn-ipo-with-31x-oversubscription-rate%3B-shares-start-trading-11-september\" style=\"\" rel=\"noopener\">second time<\/a> the global oil group postpones productions restarts that were originally slated for October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a><\/strong><strong>#1- <\/strong><strong>Egypt could kick off the new year with a port privatization push<\/strong><strong>: <\/strong>Egypt is reportedly planning to offer up 20-25% stakes in Port Said Container and Cargo Handling Company (PSCCHC) and Damietta Container and Cargo Handling Company (DCHC) in 1Q 2025, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%85%d8%b5%d8%a7%d8%af%d8%b1-%d8%b7%d8%b1%d8%ad-%d8%b4%d8%b1%d9%83%d8%aa%d9%89-%d8%a8%d9%88%d8%b1%d8%b3%d8%b9%d9%8a%d8%af-%d9%88%d8%af%d9%85%d9%8a%d8%a7%d8%b7-%d9%84%d9%84%d8%ad%d8%a7%d9%88%d9%8a\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing sources it says have knowledge of the matter. PSCCHC\u2019s offering is expected by February, with DCHC\u2019s slated to kick off by March or April at the latest, the sources say. The IPO\u2019s private placement is reportedly attracting interest from major players including the UAE\u2019s AD Ports and DP World.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Egypt\u2019s Tahya Misr 1 container terminal \u2014 one of three terminals planned in the Damietta port development project \u2014 will kick off operations in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b2273daa-92f4-4b2b-a958-0a02b7d8d528\/today:-morocco%25e2%2580%2599s-royal-air-maroc-launches-tender-to-expand-fleet\" style=\"\" rel=\"noopener\">April 2025<\/a>, with the other two terminals to be completed in 2027. The terminal is expected to add 3.5 mn container capacity to the port.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first we\u2019ve heard of AD interest:<\/strong> AD Ports reportedly submitted an initial offer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cb76122b-4f93-4366-ba04-bebed8deb9f6\/egypt-will-cancel-temporary-listing-for-port-companies-as-it-seeks-strategic-investors-instead,-source-says\" style=\"\" rel=\"noopener\">back in March 2023<\/a> to acquire a controlling stake in state-owned Port Said Container Handling (PSCCHC) and Damietta Container Handling (DCHC). AD Ports inked a definitive <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e354bba0-8774-412c-8d4d-c54fe34082c0\" style=\"\" rel=\"noopener\">30-year concession agreement<\/a> with Egypt\u2019s Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Port in January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT UPDATES- Will<\/strong> <strong>Egypt take over Jordan's LNG regasification unit lease?<\/strong> Energos Infrastructure\u2019s floating storage and regasification unit currently docked in Jordan\u2019s Aqaba port will set sail for Ain Sokhna in the middle of next year when Egypt takes over the lease, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/62816\/%D8%A8%D9%84%D9%88%D9%85%D8%A8%D8%B1%D8%BA-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%A3%D8%AC%D8%B1-%D9%88%D8%AD%D8%AF%D8%A9-%D8%AA%D8%BA%D9%88%D9%8A%D8%B2-%D9%84%D9%85%D8%AF%D8%A9-10-%D8%B3%D9%86%D9%88%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing unnamed sources with knowledge of the negotiations. The Egyptian Natural Gas Holding Company (EGAS) will reportedly lease the unit for a ten-year project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regasification unit may be leaving Jordan, but it looks like the country will still be<\/strong><strong> able to make use of the vessel. <\/strong>EGAS <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f8e1b96-d2cc-42df-ace0-3cc09c1ed098\/cemex-inks-agreement-for-its-third-waste-to-energy-project.-plus:-visa-%2B-swypex,-bp,-lasirena-group-%2B-he-holding#:~:text=1%2D%20Jordan%20to%20use%20Egypt%E2%80%99s%20floating%20LNG%20regassification%20units%3A\" style=\"\" rel=\"noopener\">signed an agreement<\/a> earlier this week with Jordan\u2019s National Electric Power Company that will see Jordan share the use of one of Egypt's LNG storage and regasification units over the next two years. The agreement will enable Jordan to ensure it can process incoming shipments ahead of its fixed Aqaba LNG terminal slated for completion in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND FROM THE DEPT. OF BAD NEWS- A c<\/strong><strong>argo<\/strong><strong> ship has sunk off Egypt\u2019s Red Sea coast: <\/strong>A Comoros-flagged cargo ship \u2013 the VSG Glory \u2013 has sunk near the coral reefs of Quseir on Egypt\u2019s Red Sea coast after being stranded for almost ten days, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/cargo-ship-sinking-off-egypts-red-sea-coast-2024-12-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported earlier this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened: <\/strong>The VSG Glory was en route from Yemen to Egypt\u2019s Port Tawfik, when it sustained a 60 cm (23.6 inch) hull breach, causing seawater to flood the vessel\u2019s engine room, <a target=\"_blank\" href=\"https:\/\/www.marineinsight.com\/shipping-news\/grounded-cargo-ships-sinks-off-egypts-red-sea-coast-threatening-an-oil-spill\/\" style=\"\" rel=\"noopener\">Marine Insight<\/a> reports. Egyptian authorities tried their best to salvage and stabilize the ship, but efforts were sabotaged by the deteriorating weather which caused the vessel to tilt further. The ship, stranded since 22 November, was carrying 4k metric tons of bran, 70 tons of fuel oil and 50 tons of diesel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Red Sea governorate and the Egyptian Environment Ministry extracted 250 tons of contaminated water and fuel<\/strong>, but some remains on board, Reuters writes. There is concern the remaining fuel could spill and cause lasting damage to the surrounding coral reefs and ecosystem, sources tell the newswire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>#2- Pakistan has postponed its purchase of LNG from Qatar to 2026 instead of receiving <\/strong><strong>cargoes in 2025<\/strong>, Pakistani Petroleum Minister Musadik Malik told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/pakistan-defers-lng-contract-with-qatar-year-petroleum-minister-says-2024-12-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The country currently has a surplus of LNG, and has chosen to defer the order instead of cancelling to avoid facing financial penalties<strong>. <\/strong>Malik told Reuters <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/pakistan-unlikely-buy-spot-lng-summer-despite-simmering-heat-2024-06-12\/\" style=\"\" rel=\"noopener\">back in June<\/a> that Pakistan is unlikely to buy LNG cargoes until at least the beginning of winter due to oversupply and high prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lots of deferrals: <\/strong>The South Asian nation has deferred five LNG cargoes from Qatar, and is negotiating to defer five more from other markets, according to the newswire. Pakistan\u2019s government said in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/pakistan-slash-winter-power-tariffs-spur-demand-cut-gas-use-2024-11-09\/\" style=\"\" rel=\"noopener\">November<\/a> that it would slash its electricity tariffs over the winter to boost consumption and cut the use of natural gas for heating. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is this because of talks with Russia? <\/strong>Pakistan has also restarted talks with Russia to solve obstacles such as \u201cins., reins., transaction structure, shipping lines and ship cargo size, Malik said, but no agreement has been reached. The minister also denied any importation of crude oil cargo from Russia each month from January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3- <\/strong><strong>Turkish Airlines<\/strong><strong>, Qatar + Etihad Airways resume Beirut flights: <\/strong>Turkish Airlines has joined other airlines including Qatar Airways and Etihad Airways in resuming flights to Beirut this week, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-04\/turkish-joins-airlines-returning-to-lebanon-after-ceasefire?srnd=phx-latest\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Qatar Airways said it will resume its flights on 9 December, while Abu Dhabi\u2019s Etihad Airways will resume their Beirut services on 18 December. Foreign airlines have halted their flights to the region since September, after Israel intensified strikes on Hezbollah, launching attacks on Beirut. Several airlines, including Jordan\u2019s flagship carrier Royal Jordanian and Iraqi Airways resumed flights <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/36cf52d8-90a0-4912-a7b9-6a7c9e968123\/a-hefty-round-of-updates-on-all-things-logistics-from-egypt,-morocco,-oman,-uae,-qatar,-and-bahrain\" style=\"\" rel=\"noopener\">this week<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Iraqi Airways announced on Monday that it will resume its flights to Lebanon\u2019s Beirut <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/36cf52d8-90a0-4912-a7b9-6a7c9e968123\/a-hefty-round-of-updates-on-all-things-logistics-from-egypt,-morocco,-oman,-uae,-qatar,-and-bahrain\" style=\"\" rel=\"noopener\">this week<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Maritime player GulfNav is in the final stages of acquiring oil storage outfit <\/strong><strong>Brooge Petroleum and Gas Investment Company from Brooge Energy<\/strong>, with plans to close the acquisition by 1Q 2025, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b6itho1-%D8%A8%D8%B1%D9%88%D8%AC-%D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%A5%D9%83%D9%85%D8%A7%D9%84-%D8%B9%D9%85%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC\" style=\"\" rel=\"noopener\">Wam<\/a> reports. GulfNav had previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33aa6bb9-1ce6-49c5-8d5b-b41b7854fe07\/ecb-trims-interest-rate-for-third-time-amid-cooling-inflation\" style=\"\" rel=\"noopener\">provided<\/a> the Securities and Commodities Authority with the required documents for the transaction as of October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The acquisition has been in the works for more than a year, with an initial proposal submitted in October 2023, and board approval coming in September. The transaction, if it goes ahead, will be a share swap, with GulfNav\u2019s board having approved an AED 448.5 mn capital increase \u2014 equivalent to the value of the shares that will be issued to Brooge. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong> <strong>China is plugging heaps of investment into Saudi\u2019s green tech sector<\/strong><strong>: <\/strong>Chinese exports and investments are piling into Saudi Arabia, as the Kingdom\u2019s demand for green tech is enriching the two countries\u2019 trade ties, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f0babafc-57e6-434f-9d94-013c312dc0f9\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. Chinese exports to Saudi Arabia increased 15% y-o-y to USD 40.2 bn in the first 10 months of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> China\u2019s greenfield foreign direct investments into the Kingdom totalled USD 21.6 bn between 2021 to October this year, making it Saudi\u2019s largest investor into the sector. Around a third of the FDI was plugged into clean tech including solar, wind, and electric battery power. China has overtaken the Saudi\u2019s traditional investment partners, the US and France, with US being the second-largest investor in the green tech sector, plugging in USD 12.5 bn in investments during the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shifting tides: <\/strong>China is increasingly looking to deepen its influence outside of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/277e7778-5a75-4f1c-95e9-fb3f2bebebff\/today:-a-news-trade-facility-for-mashreq-%2B-gwc-to-develop-logistics-facilities-in-ras-al-khair\" style=\"\" rel=\"noopener\">the US<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/917f1b4f-e7cf-47aa-a1db-d65e6ed19793\/today:-riyadh-air-orders-60-aircraft-from-airbus-%2B-dubai-south-getting-another-mro-facility\" style=\"\" rel=\"noopener\">Europe<\/a> in the wake of new proposed tariffs from both parties. Heightened Saudi and China trade ties could complicate the US\u2019 dealings with the Kingdom, European Council on Foreign Relations expert on China and Middle East policy Camille Lons told FT. Saudi Arabia has remained cautious to limit its trade with China in industries deemed sensitive by its Western partners, including defense and AI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Oil prices remained stable in early morning trading <\/strong><strong>ahead of the Opec+ meeting later <\/strong><strong>today as investors await news on supply cuts, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-prices-rise-with-all-eyes-opec-supply-decision-2024-12-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports<strong>. <\/strong>Brent crude futures rose USD 0.06 trading at USD 72.37 a barrel by GMT 04.00, while US West Texas Intermediate crude (WTI) futures gained USD 0.07 to USD 68.61 a barrel. Both benchmarks fell nearly 2% yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Baltic index continues to ease: <\/strong>The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">fell nearly 4.6%<\/a> to 1,180 points on Wednesday, easing for the sixth consecutive session. The capesize index fell 183 points to 1,609 points, while the panamax index snapped its 13-day losing streak to grow 9 points at 1,014 points. The smaller supramax index inched up 3 points to unchanged at 982 points. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/morocco.railmeetings.com\/en\/\" style=\"\" rel=\"noopener\">Rail Industry Summit<\/a><\/strong><strong> from Tuesday, 10 December to <\/strong><strong>Wednesday, 11 December<\/strong> in Casablanca. The two-day summit includes pre-scheduled business meetings with potential partners, conferences, and themed workshops on new market trends and future strategies presented by OEMs on infrastructure, rolling stock, embedded equipment and railway vehicle interiors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mebaa.aero\/\" style=\"\" rel=\"noopener\">Middle East Business Aviation Show<\/a><\/strong><strong> from Tuesday, 10 <\/strong><strong>December to Thursday, 11 December<\/strong> in Dubai. The event will showcase innovations from over 135 exhibitors and will have over 25 jets on display, with over 55 speakers offering insight on market trends.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":82872,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","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":[18],"tags":[145,49,227,37,153,123,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-egypt","tag-lng","tag-ports","tag-qatar","tag-shipping-maritime","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"623435f2-f522-4cda-aac7-3d18560d7c5b","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/12\/551.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Damac invests big in Southeast Asia data centers","related_issue":[82869],"teaser":"What we\u2019re tracking this morning regionally and around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.7c75e428-a874-4418-93cc-4a816c37166c.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>TODAY: Damac invests big in Southeast Asia data centers - 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\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Damac invests big in Southeast Asia data centers\" \/>\n<meta property=\"og:description\" content=\"What we\u2019re tracking this morning regionally and around the world\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TODAY: Damac invests big in Southeast Asia data centers\",\"datePublished\":\"2024-12-05T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/\"},\"wordCount\":1724,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AVIATION\",\"Egypt\",\"LNG\",\"PORTS\",\"Qatar\",\"SHIPPING + MARITIME\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"What we're tracking today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/\",\"name\":\"TODAY: Damac invests big in Southeast Asia data centers - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-12-05T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TODAY: Damac invests big in Southeast Asia data centers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TODAY: Damac invests big in Southeast Asia data centers - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/","og_locale":"en_US","og_type":"article","og_title":"TODAY: Damac invests big in Southeast Asia data centers","og_description":"What we\u2019re tracking this morning regionally and around the world","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/","og_site_name":"Logistics","article_published_time":"2024-12-05T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TODAY: Damac invests big in Southeast Asia data centers","datePublished":"2024-12-05T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/"},"wordCount":1724,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1","keywords":["AVIATION","Egypt","LNG","PORTS","Qatar","SHIPPING + MARITIME","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["What we're tracking today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/","name":"TODAY: Damac invests big in Southeast Asia data centers - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1","datePublished":"2024-12-05T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/05\/today-damac-invests-big-in-southeast-asia-data-centers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"TODAY: Damac invests big in Southeast Asia data centers"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/551.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/82871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=82871"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/82871\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/82869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/82872"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=82871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=82871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=82871"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=82871"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=82871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}