Browsing: Logistics

Khalifa Economic Zones Abu Dhabi – KEZAD Group has announced the initiation of a project to expand warehousing capacity by over 250,000 square metres, investing AED 621M. This move aims to bring additional pre-built industrial and logistics facilities online by the end of 2025, increasing KEZAD’s total warehousing capacity by 43%.

The AD Ports Group from the UAE has entered into a concession agreement with Egypt’s Red Sea Ports Authority for the development and operation of a versatile terminal at Safaga Sea Port.

DP World has revealed intentions to move its global headquarters to Expo City Dubai, marking a significant point in the company’s 50-year journey and its ongoing expansion of global supply chain solutions.

The increasing demand for warehouses in the UAE and Saudi Arabia is attributed to the growth of e-commerce and local economic diversification efforts, resulting in a surge in investments in this sector.

Saudi Arabia’s NEOM, a $500B flagship project, has formed a $10B joint venture (JV) with Denmark’s DSV, the world’s third-largest freight forwarder, as revealed in their joint statement. NEOM’s primary goal is to establish itself as a vital logistics hub. This initiative was introduced by Saudi Arabia’s Crown Prince Mohammed bin Salman in 2017, with the long-term vision of accommodating 9 million residents.

Saudi Arabia is gearing up to invest a substantial SR1.6T ($427B) over the next decade, as revealed by Minister of Transport and Logistics, Saleh Al-Jasser. This ambitious plan aims to attract more than 30 million pilgrims and Umrah participants, in addition to over 100 million tourists annually, in harmony with the goals of Saudi Arabia’s Vision 2030.

The primary shareholders of SAL Saudi Logistics Services Company are divesting a 30 percent stake…

SAL Saudi Logistics Services Company (SAL) has revealed its strategy to divest a 30% ownership…

AD Ports Group and China’s Shandong Port Group (SPG) have inked several collaborative agreements to…

The Saudi SAL Company for Logistics Services has entered into a Memorandum of Understanding (MoU)…