The so-called Land Bridge line will shave around three days off the current five-day journey time for shipping seaborne freight around the Saudi coast. Saudi Arabia will be seeking bidders for the construction of a 1,000-mile (1,600-kilometer) railroad linking the Red Sea with the Arabian Gulf as early as the end of this year, according …
The machines will be delivered by Konecranes distributor and service provider Al-Iman to S.A. Talke’s container marshalling yards. Lift truck specialist Konecranes has delivered four SMV 4531 TC5 reach stackers to S.A. Talke, a logistics supplier to the petrochemical sector in Saudi Arabia’s Al-Jubail region that is specialised in the handling, storage and transportation liquids …
Tanzania International Container Terminal Services (TICTS), the only specialized container terminal operator in Tanzania’s largest sea port, set a new monthly throughput record in August 2017, having handled 48,158 TEUs – a nearly 5 percent increase from the previous record of 46,080 TEUs, set in December 2015. The increase was tied to a rise in …
Sanjeev Sarin, CEO, FNS. Fujairah National Shipping (FNS) is launching an ambitious bid to challenge network rivals in the Gulf by aiming to become one of the top three maritime services companies in the region by the end of 2018. Based at the Port of Fujairah and taking advantage of the port’s strategically important location …
The Suez Canal project includes the construction of a 46 square-kilometre economic zone around the canal that the government says will be developed as an international industrial and logistics hub that will attract ships and generate foreign investment. The head of Egypt’s Suez Canal Authority Mohab Mamish has signed a contract with UAE-based DP World …
Worth $2.2bn (AED8bn), the mixed-use development is being built in Dubai’s Za’abeel neighbourhood, with Al-Futtaim Carillion (AFC) onsite as main contractor. The second phase of Dubai World Trade Centre’s (DWTC) One Central development is 91% complete, senior project officials told Construction Week. Worth $2.2bn (AED8bn), the mixed-use development is being built in Dubai’s Za’abeel neighbourhood, …
Abu Dhabi Ports signed a 35-year concession agreement with the Port of Fujairah earlier this year. Abu Dhabi Port has officially commenced operations of Fujairah Terminals on the East coast of the United Arab Emirates. Abu Dhabi Ports signed a 35-year concession agreement with the Port of Fujairah earlier this year, under which “Fujairah Terminals”, …
Mohammed Al Zarooni, director general of DAFZA, and Sami Dhaen Al Qamzi, director general of DED, were the official signatories. The Dubai Airport Freezone Authority (DAFZA) has signed an MoU with the Department of Economic Development in Dubai to allow DAFZA hosted companies to obtain dual licenses to operate across Dubai. The agreement aims to …
According to reports, eBay is considering buying UAE-based Wadi.com for US $150-million. The US e-commerce giant eBay.com may be looking to follow Amazon into the Middle East’s online retail market if rumours on Twitter are to be believed. According to Omar Kassim, the founder of UAE e-commerce platform JadoPado, which was acquired by noon.com in …