{"id":84077,"date":"2025-01-29T00:00:00","date_gmt":"2025-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/29\/storage-legislation-trucking-and-startup-updates-from-uae-oman-and-ksa\/"},"modified":"2025-01-29T00:00:00","modified_gmt":"2025-01-29T00:00:00","slug":"storage-legislation-trucking-and-startup-updates-from-uae-oman-and-ksa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/29\/storage-legislation-trucking-and-startup-updates-from-uae-oman-and-ksa\/","title":{"rendered":"Storage, legislation, trucking, and startup updates from UAE, Oman and KSA"},"content":{"rendered":"

STORAGE + WAREHOUSES- <\/p>\n

Germany\u2019s e-Arvato opens logistics hub in Dubai:<\/strong> German logistics and supply chain management and e-commerce firm Arvato has inaugurated a 3.3k sqm warehouse in Dubai\u2019s CommerCity, a freezone dedicated to digital commerce, according to a press release<\/a>. The new logistics hub is 10 minutes away from Dubai Airport (DXB) and about an hour from Jebel Ali Port. <\/p>\n

What will the hub provide? <\/strong>The hub will offer services including general warehousing and fulfillment, spanning from inbound to outbound operations, as well as storage, transformation and bundling, coordination and overall transport management, order management and incident resolution, and EDI and transaction monitoring. The hub will also provide services like IOR\/EOR in the freezone, brokerage, and forecasting.<\/p>\n

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LEGISLATION WATCH-<\/p>\n

Oman <\/strong>is set to establish a court to help resolve investment and trade disputes<\/strong>, Oman Observer<\/a> reports, citing a directive issued by the country\u2019s ruler Sultan Haitham bin Tariq. The move also aims to provide a stable legal framework to attract foreign investors and promote competitiveness in the local economy, Deputy Chairman of the Supreme Judicial Council Sayyif Mohammed bin Sultan Al Busaidy said.<\/p>\n

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TRUCKING-<\/p>\n

KSA\u2019s <\/strong>Sadan expands logist<\/strong>ics operations: <\/strong>Sadan Industrial Company, a subsidiary of Saudi-based concrete manufacturer Mohammed Hassan Al-Naqool Sons, has purchased 20 new trucks for SAR 6.67 mn, according to a Tadawul<\/a> disclosure published on Monday. The trucks were sold to Sadan by the Saudi Diesel Equipment Company, according to the disclosure.<\/p>\n

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SHIPPING + MARITIME-<\/p>\n

Hapag-Lloyd adds new service connecting Egypt and Italy<\/strong>:<\/strong> Shipping giant Hapag-Lloyd is launching its re-designed Adriatic Sea Express (ADX) service linking Egypt\u2019s Port Said to Italy\u2019s Venice and Ancona ports, effective from 28 March, according to a statement<\/a>. The new route complements the Gemini Network<\/a> \u2019s SE1 service, which will call at Port Said, Slovenia\u2019s Koper Port, and Croatia\u2019s Rijeka Port. The SE1 service will start on 24 March.<\/p>\n

That\u2019s not all<\/strong>:<\/strong> Hapag-Lloyd\u2019s South East India to Europe Express (IEX) service will no longer call at Germany\u2019s Bremerhaven Port, and will instead call at Hamburg Port, effective 21 March, according to a statement<\/a>. The service will now call at the Netherland\u2019s Rotterdam Port, the UK\u2019s London Gateway, Germany\u2019s Hamburg Port, Morocco\u2019s Tangier Port, India\u2019s Chennai Port, Sri Lanka\u2019s Colombo Port, and Spain\u2019s Algeciras Port.<\/p>\n

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STARTUP WATCH- <\/p>\n

#2- UAE agri-trade fintech <\/strong>Maalexi<\/a><\/strong> secured a USD 3 mn credit facility<\/strong> from Citi to increase its liquidity, bolster its direct sourcing operations, and help the company scale its AI-powered risk management platform for SMEs engaged in cross-border agri-trade, according to a press release (pdf)<\/a>. <\/p>\n

The funds will aid in expanding procurement from US-based exporters, optimizing supply <\/strong>chains, <\/strong>and reducing food waste in the USD 2 tn global food trade, as part of its plan targeting threefold expansion in 2025. <\/p>\n

ICYMI:<\/strong> Maalexi secured USD 3 mn<\/a> in a pre-Series A funding round led by Global Ventures in January of last year, with participation from Rockstart and Ankurit Capital, to enhance its platform and scale cross-border agri-trade operations. The agri-trade fintech also raised an additional USD 1 mn<\/a> in venture debt from India\u2019s Stride Ventures to drive user acquisition and expansion last July. In May, Maalexi partnered with DP World<\/a> to boost food security by streamlining access to a broader range of food products and enhancing operational efficiency at Jebel Ali Port.<\/p>\n

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SHIPPING + MARITIME-<\/p>\n

Anthony <\/strong>Veder receives Ethyle<\/strong>ne carrier from Adnoc: <\/strong>Dutch gas shipping company Anthony Veder has purchased and received the Yas \u2014 a 9k cbm ethylene gas carrier previously owned by Adnoc \u2014 at South Korea\u2019s port of Yeosu, according to a statement<\/a> published on Monday. The price of the transaction was not disclosed, but the vessel\u2019s addition brings the company\u2019s fleet to 29 petrochemical and LNG carriers.<\/p>\n

Details: <\/strong>The 2014-built vessel \u2014 now renamed the Coral Palmata \u2014 can carry petrochemical gasses, making it suitable for the ethylene trade and carrying products like propylene and liquid petrochemical gas, according to the statement. Anthony Veder will be responsible for the vessel\u2019s technical and commercial management.<\/p>\n

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