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LOGISTICS-
#1- DP World to develop cold storage facility in Egypt: DP World and Elsewedy Industrial Development will set up a USD 29 mn cold storage facility on 6th of October in Egypt, according to a statement seen by EnterpriseAM. The 16.2k sqm site will house eight climate-controlled chambers with 25k pallet positions for chilled and frozen goods, with an ammonia refrigeration system to cut energy use.
Tying Egypt’s exporters to an integrated cold chain: DP World said the facility will plug into its Sokhna Port and freight-forwarding network, giving food exporters and manufacturers lower supply chain costs and direct access to Greater Cairo and export corridors. Elsewedy Industrial Development added the project is part of its plan to transform its industrial parks into fully integrated production and logistics hubs, boosting Egyptian exports’ competitiveness.
#2- Gulftainer launches K-Flow at Khorfakkan: Emirati ports and logistics operator Gulftainer launched a 50-hectare integrated logistics facility in the bonded zone of Khorfakkan Commercial Terminal, according to a statement. Built in partnership with Khorfakkan Customs, K-Flow provides warehousing and cold storage, distribution, container freight services, and inventory management. Earlier this month, Gulftainer also opened the UAE’s first bonded inland container depot in Sharjah, providing multimodal links from inland markets to ports.
MANUFACTURING-
India’s Rana Group breaks ground on RAK manufacturing hub: Indian engineering and construction company Rana Group has broken ground on the Erisha Smart Manufacturing Hub in Ras Al Khaimah’s Al Ghail Industrial Area, according to a press release. The 15 mn sq ft site, with a total construction area of 25 mn sq ft, will host over 150 facilities within five years and is focusing on manufacturing products including EVs and hydrogen vehicles, eVTOL aircraft, and semiconductors. Rana Group says it will directly own and manage more than half of them.
The hub is expected to contribute USD 5-6 bn annually to GDP and create around 4k jobs once fully operational, with some units starting production within a year.
BACKGROUND- Last month, Rana Group awarded India’s GHV Infra Projects an AED 1.1 bn Engineering Procurement and Construction (EPC) contract to develop facilities at the hub, located within Ras Al Khaimah Economic Zone. Supported by USD 1 bn in UAE-based investment, the project aims for a total of USD 10 bn in investments, focusing on green transition industries.
ENERGY-
L&T secures power grid contracts in the UAE, India, and Oman: Indian multinational Larsen & Toubro’s (L&T) power transmission and distribution division secured contracts to design and install two ±300 MVAr STATCOM systems to stabilize the grid in the UAE, according to a press release.
AVIATION-
#1- Emirates launches new AED 500 mn flight training center in Dubai: Emirates Airline has opened a new flight crew training centre valued at AED 500 mn, providing current and future pilots training on its fleet of Airbus A350s and upcoming Boeing 777Xs, according to the Dubai Media Office.
#2- SolitAir to add two Boeing 737-800s to fleet: Dubai-based cargo carrier SolitAir acquired a Boeing 737-800 earlier this month from aircraft leasing outfit World Star Aviation, according to a press release. A second freighter aircraft is expected to join SolitAir’s fleet in October. SolitAir agreed to lease both jets as part of an agreement signed in June, according to World Star Aviation’s website. By late October, SolitAir’s fleet is expected to comprise seven Boeing 737-800 freighters, all operating from the carrier’s 220k sqm hub at Al Maktoum International Airport. The airline is targeting a 20-aircraft fleet by 2027, the press release said.
#3- Budget carrier flydubai will begin four weekly flights to Nairobi from 15 October, operating out of Terminal 3 at Dubai International Airport (DXB), according to a Dubai Media Office statement. The airline will also increase its Mombasa route to a daily service starting 1 October, bringing its total weekly flights to Kenya to 11.Adding Nairobi expands flydubai’s African network to 12 destinations, including Addis Ababa, Alexandria, Asmara, Al Alamein, Cairo, Dar es Salaam, Djibouti, Entebbe, Hargeisa, and Zanzibar.
BANKING-
Mashreq, Sharjah Media City partner on SME support: Our friends at Mashreq inked an MoU with Sharjah Media City (Shams) to provide integrated support for startups and SMEs in the UAE, according to a statement. The agreement will give firms access to a package of services including trade licenses, financing solutions, and digital tools to help them scale.
