Saleh Abdulaziz Al Rashid And Sons Co.

The Future Minerals Forum recognized as a key industry event brought together experts innovators and stakeholders from around the globe. As a trusted participant SAR showcased their unwavering commitment to leading the way towards a sustainable and responsible future for mining and minerals. Their presence at the Future Minerals Forum was marked by engaging sessions insightful presentations and interactive demonstrations. Mr. Mohammed Rahahleh Deputy CEO expressed his pride in being part of such a prominent industry event. He stated Participating in the Future Minerals Forum for the second consecutive year is a testament to our ongoing dedication to advancing the minerals industry. We are thrilled to have the opportunity to engage with fellow industry leaders share knowledge and collectively work towards a sustainable future. With each passing year SAR remains dedicated to advancing the minerals sector and their participation in the Future Minerals Forum exemplifies their unwavering commitment to shaping the future of mineral resources. Saleh Abdulaziz Al Rashed & Sons (SAR) is a leading company in the construction materials industry based in Saudi Arabia. With over 40 years of experience SAR specializes in producing aggregate which is a natural gravel material used in various applications. The company operates in multiple sectors including crushers and mining graded aggregate production asphalt paving manufacturing and spare parts and transportation.

The Future Minerals Forum recognized as a key industry event brought together experts innovators and stakeholders from around the globe. As a trusted participant SAR showcased their unwavering commitment to leading the way towards a sustainable and responsible future for mining and minerals. Their presence at the Future Minerals Forum was marked by engaging sessions insightful presentations and interactive demonstrations. Mr. Mohammed Rahahleh Deputy CEO expressed his pride in being part of such a prominent industry event. He stated Participating in the Future Minerals Forum for the second consecutive year is a testament to our ongoing dedication to advancing the minerals industry. We are thrilled to have the opportunity to engage with fellow industry leaders share knowledge and collectively work towards a sustainable future. With each passing year SAR remains dedicated to advancing the minerals sector and their participation in the Future Minerals Forum exemplifies their unwavering commitment to shaping the future of mineral resources. Saleh Abdulaziz Al Rashed & Sons (SAR) is a leading company in the construction materials industry based in Saudi Arabia. With over 40 years of experience SAR specializes in producing aggregate which is a natural gravel material used in various applications. The company operates in multiple sectors including crushers and mining graded aggregate production asphalt paving manufacturing and spare parts and transportation.

Savoye a leading one-stop-shop integrator of automated warehouse solutions and software publisher in the Middle East has successfully deployed its ODATiO Warehouse Management System (WMS) at CJ Logistics fulfilment centre for iHerb located in the Riyadh Integrated zone that is developed and operated by Special Integrated Logistics Zone (SILZ) Company in Riyadh Saudi Arabia. This successful completion marks a significant achievement as the first WMS implementation within a SILZ facility a critical initiative under Saudi Vision 2030 designed to position the Kingdom as a leading global integrated logistics hub and to bolster the Middle East s rapidly growing logistics and e-commerce sectors. This implementation reflects the strong alliance between Savoye CJ Logistics and SILZ Company - each playing a strategic role in delivering a smart scalable and high-throughput logistics operation in the he...

Abu Dhabi Airports has announced a strategic joint venture with Jingdong Property (JDP) the infrastructure arm of global e-commerce leader JD to develop and operate advanced logistics facilities within the Abu Dhabi Airports Free Zone. The strategic partnership will see the construction of two state-of-the-art warehouses bonded and non-bonded spanning a total gross floor area of over 70 000 sqm at the ADAFZ Logistics Park marking JDP s first development project in the UAE. The infrastructure investment is set to enhance cross-border e-commerce capabilities and strengthen e-commerce and specialised cargo logistics throughout the GCC and broader Mena region it stated. Elena Sorlini the Managing Director and Chief Executive Officer at Abu Dhabi Airports said: This joint venture aligns seamlessly with Abu Dhabi s vision of becoming a global trade and logis...

Leading UAE developer Aldar has annoucned that it has acquired quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED530 million ( 144 million). The assets which are located at the 6-million-sq-m Almarkaz Industrial Park a flagship industrial and business park development add 182 500 sqm of net leasable area (NLA) to Aldar Investment s income-generating logistics portfolio. The Almarkaz Industrial Park developed by Waha Land a wholly-owned subsidiary of Waha Capital enjoys special economic zone status. With further development potential at Al Markaz the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site. It benefits from quality infrastructure and the growing demand for logistics space driven by increasing intra-region...

Fuelled by the National Industrial Development and Logistics Program (NIDLP) under Vision 2030 Saudi Arabia s logistics and warehousing sector is rapidly expanding driven by a booming e-commerce market and increasing demand for Grade A warehousing according to leading real estate expert JLL. A key component of Vision 2030 the NIDLP aims to boost the logistics sector s GDP contribution from 6% to 10% by 2030 and localise 70% of the supply chain it stated. In the JLL report titled Emerging Trends Shaping Saudi Arabia s Logistics and Warehousing Market it unveils the key factors driving this growth along with the challenges and opportunities in powering the Kingdom s ambition to become a global logistics hub. It also highlights significant interest and investment from both domestic and international institutional players recog...

Middle East Paper Company (Mepco) one of the largest paper manufacturers in the region has announced that its key unit - Juthor Paper Manufacturing Company - has broken ground on TM6 - the second production line for tissue manufacturing at King Abdullah Economic City (KAEC) - near Jeddah. TM6 which is being set up at a total investment of SAR345 million ( 92 million) will significantly expand Juthor s manufacturing output increasing annual capacity to 120 000 tonnes and operating at a speed of 2 100 m per minute. Andritz an Austria-based international technology group will be assisting Juthor in the project by providing advanced plants equipment services and digital solutions to the group. It will also be responsible for the manufacture supply and installation of the facility within a two-year period. TM6 supports Saudi Arabia&rsq...

Adnoc Drilling has announced that the Board of Directors has appointed Abdulla Al Messabi as the new Adnoc Drilling Chief Executive Officer (CEO). Abdulrahman Al Seiari the Company s current CEO will retire at the end of the year following more than 45 years of dedicated service to Adnoc and Adnoc Drilling. He will remain in an advisory capacity through the year-end to support a smooth and seamless leadership transition. Dr Sultan Al Jaber Adnoc Managing Director and Group CEO and Chairman of Adnoc Drilling said: We extend our deep appreciation to Al Seiari for more than four decades of distinguished service to Adnoc and Adnoc Drilling. Under his leadership the company has transformed into one of the world s largest and most technologically advanced energy services providers. His commitment to operational excellence safety and national talent development h...

Swisslog a global leader in automated logistics solutions has announced that it has sealed a key partnership deal with leading retail operator Chalhoub Group for the development of its new state-of-the-art logistics hub for fashion and beauty products in Riyadh. Located in the SILZ Free Trade Zone near the international airport the facility will strengthen Saudi Arabia s logistics infrastructure support the country s growing role in global trade and cater to the rising demand for e-commerce and luxury goods across the region. AutoStore solution with SynQ software for fashion and beauty Swisslog was selected for its ability to deliver advanced automation solutions tailored to the evolving needs of the logistics sector. The hub will incorporate Swisslog s AutoStore system featuring 67 000 bins 42 robots and fully integrated inbound and outbound p...

Dutco and Sweid & Sweid have announced the launch of Terralogix Dubai s largest privately-owned logistics park in a move that reinforces Dubai s ambitions to become one of the world s top five Grade-A logistics hubs. Located in Warsan Northern Dubai the 3.3 million sq ft development is designed to serve as a critical node in Dubai s supply chain infrastructure a statement said. Maher Sweid Founder and Managing Partner of Sweid & Sweid commented: Terralogix will be developed by Dutco and Sweid & Sweid two UAE-based firms with strong heritage and established track records. The Dutco Group brings decades of expertise across many sectors including construction hospitality real estate and oil and gas while Sweid & Sweid is known for developing high quality institutional-grade real estate assets. Together we will be delivering Terralogix as a lan...

Adnoc Drilling Company announced today that it has signed an agreement to acquire a 70% stake in SLB s land drilling rigs business in Kuwait and Oman comprising eight fully operational land rigs under contract with the respective national oil companies (NOCs) of both countries. Abdulrahman Abdulla Al Seiari Adnoc Drilling CEO said: This acquisition is a natural next step in Adnoc Drilling s growth journey and reinforces our position as one of the leading companies in drilling and integrated services. Our partnership with SLB will provide Adnoc Drilling with a solid operational and financial platform to further expand in the region. This business is well-established profitable and operating with long-term contracts making this a highly complementary and value-accretive addition to our portfolio. Our focus is on disciplined expansion that drives performance returns and growth. Thr...

Four Winds Saudi Arabia Limited a leader in comprehensive and integrated moving and logistics services since 1979 is showcasing its cutting-edge logistics solutions at the Saudi Warehousing & Logistics Expo 2025. The expo is being held in Riyadh from May 27 to 29. As Saudi Arabia solidifies its status as a global logistics hub this event offers a platform for industry professionals to explore strategies that boost efficiency expand networks and improve operations especially as the sector is expected to handle 1.7 billion tons of cargo by 2030. The company has reiterated its commitment to enhancing the efficiency of logistics and shipping services in the kingdom and contributing to the realisation of Vision 2030. Nizar Al Mani CEO of Four Winds Saudi Arabia Limited said: The Saudi Warehousing & Logistics Expo is the largest commercial event in Saudi...

Adnoc Drilling Company has received a 1.15-billion 15-year contract for two jack-up rigs from Adnoc Offshore in support of its growing offshore operations. The contract will follow existing agreements bringing accretive rates that generate long-term revenue and attractive returns a statement said. Abdulrahman Abdulla Al Seiari Adnoc Drilling CEO said: This new contract is a clear vote of confidence in ADNOC Drilling s technical leadership operational excellence and long-term value creation. By integrating artificial intelligence (AI) automation and digitalization capabilities the two new jack-up rigs our newest and most advanced jack-up rigs will ensure superior efficiency and performance for our client Adnoc Offshore. With this contract securing operations until 2040 and beyond and providing strong resilient and predictable returns we are not only reinforcing our role in achieving...

Abu Dhabi National Oil Company (ADNOC) has announced that its partners across its supply chain are committed to invest AED3 billion ( 817 million) in manufacturing facilities across the UAE. The announcement was made at the Make it in the Emirates forum currently underway in Abu Dhabi. The facilities are located across Industrial City of Abu Dhabi (ICAD) Khalifa Economic Zones Abu Dhabi (KEZAD) Dubai Industrial Park Jebel Ali Free Zone (JAFZA) Sharjah Airport International Free Zone (SAIF Zone) and Umm Al Qaiwain. They will create more than 3 500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels pipe coatings and fasteners. The facilities have been enabled by commercial agreements ADNOC signed with the companies under its In-Country Value (ICV) programme. ...

NMDC Energy a provider of engineering procurement and construction services for offshore and onshore energy clients has signed a memorandum of understanding (MoU) with Al Gharbia an Abu Dhabi-based advanced pipeline manufacturer to explore ways to accelerate pipe production in the UAE to meet local and regional demand. Al Gharbia is one of the most technologically advanced longitudinally submerged arc welded (LSAW) pipe manufacturers in the world and one of the first large scale manufacturers to embrace Industry 4.0 said a Wam news agency report. More broadly the partnership forms part of the MIITE mandate to drive industrial growth in the UAE and it serves as another credible example of the increasing level of synergy between key local players in the UAE s industrial and energy landscape. Ahmed Al Dhaheri CEO of NMDC Energy said: As a diverse company operati...

Emirates Global Aluminium (EGA) and Sunstone an independent pre-baked anode producer from China have signed a Joint Development Agreement at the Make it in the Emirates (MIITE) to progress the development of an anode manufacturing plant in Abu Dhabi. Anodes are required in the smelting of aluminium. EGA produces some 1.35 million tonnes of anodes every year at its own plants in Jebel Ali and Al Taweelah and the remainder of the company s needs are currently imported said the company in a statement. The new anode manufacturing facility in Khalifa Economic Zone Abu Dhabi would have a capacity of 300 thousand tonnes of anodes per year replacing most of EGA s imports and potentially making the UAE only the second country in the world after China to export anodes globally. The agreement was signed by Abdulnasser Bin Kalban Chief Executive Officer of EGA and Lang Guang...

DP World will invest 2.5 billion this year to expand its global logistics network launching major infrastructure projects across India Africa South America and Europe in response to rising demand for resilient integrated supply chain solutions. The four major developments across four continents extend DP World s end-to-end capabilities significantly expanding capacity in its network of global ports and reinforcing its position as a key enabler of global trade said DP World in a statement. Construction is underway on a new 510 million terminal at Tuna Tekra in Gujarat on India s northwestern coast. Featuring a 1.1 km berth and annual capacity of 2.19 million TEU the terminal will connect India s vast hinterland to global markets through a network of roads and railways enabling faster more efficient trade access for Indian businesses. ...

AD Ports Group and Burjeel Holdings have officially launched their healthcare logistics joint venture (JV) Docktour during Make it in the Emirates forum now underway in Abu Dhabi. The platform was unveiled at the Burjeel Holdings booth in the presence of Dr Sultan Ahmed Al Jaber UAE Minister of Industry and Advanced Technology; Captain Mohamed Juma Al Shamisi Managing Director and Group CEO of AD Ports Group; and Dr Shamsheer Vayalil Founder and Chairman of Burjeel Holdings. Docktour marks a bold expansion in healthcare logistics aiming at redefining how medical services and infrastructure are delivered to communities across Africa. It will serve as a comprehensive supply chain platform integrating logistics modular infrastructure training and emergency response into a single unified ecosystem said a statement. Docktour will supplement Burjeel Holding...

Hyundai Motor Manufacturing Middle East (HMMME) a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company held a groundbreaking ceremony for Hyundai s first manufacturing plant in the Middle East at the King Salman Automotive Cluster within King Abdullah Economic City (KAEC). The event marks a significant milestone in the development of Saudi Arabia s automotive industry said a Saudi Press Agency report. PIF holds a 70% stake in HMMME with Hyundai owning the remaining 30%. The facility is expected to produce its first vehicle by the fourth quarter of 2026 and aims for an annual output of 50 000 vehicles. The production will include both internal combustion engine (ICE) vehicles and electric vehicles (EVs). Deputy Governor and Head of MENA Investments at PIF Yazeed Alhumied said: This groundbreaki...

Manufacturing engineers are at the forefront of bringing new medicines derived from human sources such as cells blood and genes to patients Mayo Clinic has said. They produce what are often first-of-their kind biotherapies for diseases that previously had few or no treatment options. The most interesting thing about our job is being able to be part of a team that brings transformative cell-based therapies to the clinic says Kyle Ecker Advanced Biomanufacturing Engineer Supervisor at Mayo Clinic in Florida. It s incredibly fulfilling to understand the scientific basis of these therapies and watch them come to life by manufacturing products for individual patients. Mayo Clinic s Center for Regenerative Biotherapeutics has 40 manufacturing engineers in Rochester and Florida. Their work makes it possible f...

Adnoc Drilling has reported strong financial results for the first quarter of 2025 demonstrating its financial resilience and laying the foundation for another year of growth and success. Key first-quarter highlights include revenue of 1.17 billion a 32% YoY increase EBITDA of 533 million and net profit of 341 million a 24% YoY increase. Adnoc Drilling s growth momentum continues in 2025 driven by sustained demand for its services strategic investments in fleet expansion integrated services artificial intelligence (AI) advanced technologies and international expansion. Abdulrahman Abdulla Al Seiari Adnoc Drilling CEO said: The first quarter of 2025 has been more than just a strong start for Adnoc Drilling it has demonstrated our financial resilience and laid the foundation for another year of significant growth. We are progressing at pace on our strategi...

Adnoc Drilling Company has been awarded a contract for three island rigs by Adnoc Offshore for an estimated total contract value of 806 million to support expanding operations at the offshore Zakum development project. These three rigs are in addition to three ordered in July 2024. Abdulrahman Abdulla Al Seiari Adnoc Drilling CEO said: Adnoc Drilling is proud to be awarded this significant long-term contract marking another major milestone in our accelerated growth journey. These next generation island rigs built with embedded artificial intelligence (AI) represent a leap forward in technology enhancing safety efficiency and performance. This award strengthens our position as a critical enabler of Adnoc s production capacity targets while delivering sustainable high-quality returns for our shareholders well into 2038 and beyond. The contract wil...

AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE) the integrated investment destination for linking industry and global trade have signed a 50-year renewable usufruct agreement to develop and operate a 20 sq km industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The East Port Said Industrial Zone provides an opportunity to turn a unique location on the Mediterranean Sea into a key hub for international trade and investments serving the East-West trade routes right at the entrance of the Suez Canal said a Wam news agency report. The agreement to develop Kezad East Port Said Industrial and Logistics Zone was signed in Cairo and witnessed by Egyptian Prime Minister Dr Mostafa Madbouly in the presence of Dr Sultan Al Jaber UAE Minister of Industry and Advanced Technology Mohamed Hassan Alsuwaidi UAE Minister of Investment Lieutena...

AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE) the integrated investment destination for linking industry and global trade have signed a 50-year renewable usufruct agreement to develop and operate a 20 sq km industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The East Port Said Industrial Zone provides an opportunity to turn a unique location on the Mediterranean Sea into a key hub for international trade and investments serving the East-West trade routes right at the entrance of the Suez Canal said a Wam news agency report. The agreement to develop Kezad East Port Said Industrial and Logistics Zone was signed in Cairo and witnessed by Egyptian Prime Minister Dr Mostafa Madbouly in the presence of Dr Sultan Al Jaber UAE Minister of Industry and Advanced Technology Mohamed Hassan Alsuwaidi UAE Minister of Investment Lieutena...

OMODA & JAECOO leading vehicle manufacturers have established a 12 000-sq-m regional spare parts distribution hub in Jebel Ali Free Zone (Jafza). The largest of its kind hub in the Middle East for a Chinese automotive brand this facility has been launched through a strategic partnership with global logistics leader Maersk. The hub ensures 100% spare parts availability and delivery within 24 to 48 hours setting new benchmarks for aftersales support and operational readiness in the region said Alaa Shata Regional Brand Manager at OMODA & JAECOO. Their UAE strategy is underpinned by a strong local presence through partnerships with AutoRun (Dubai) MAHY Khoory Automotive (Abu Dhabi) and Galadari Automobiles (Northern Emirates) ensuring nationwide access support and customer engagement she said OMODA & JAECOO is ...

The Saudi Ports Authority (Mawani) and Sultan Logistics have signed a contract to establish a logistics park at King Abdulaziz Port in Dammam with an investment of up to SAR200 million ( 53.32 million). The new park will span an area of 197 000 sq m aiming to enhance the port s competitiveness increase its operational efficiency and elevate the level of logistics services provided. The contract was signed by the Acting President of the Saudi Ports Authority Mazen bin Ahmed Al-Turki and the Chairman of Sultan Logistics Ali Sultan Al-Qahtani in the presence of several officials. This logistics park is part of Mawani s initiatives aligned with the objectives of the National Transport and Logistics Strategy which seeks to establish logistics parks inside and outside the kingdom s ports. The initiative aims to solid...

The Saudi Ports Authority (Mawani) has signed an agreement with Alissa Universal Motors a subsidiary of Abdullatif Alissa Group Holding to establish a logistics park at King Abdulaziz Port in Dammam. The project involves an investment of up to SAR300 million ( 79.97 million) and will cover an area of 382 000 sq m. The park will be dedicated to the import and re-export of vehicles and spare parts. According to a press release issued by Mawani the agreement was signed by Acting President of the Saudi Ports Authority Mazen bin Ahmed Al-Turki and Managing Director of Abdullatif Alissa Group Holding Abdullah Abdulmohsen Alissa said a Saudi Press Agency report. The establishment of the logistics park is part of Mawani s initiatives aligned with the objectives of the National Transport and Logistics Strategy. It aims to create high-efficiency logistics parks within and beyon...

Adnoc has launched a mobile application called Make it with Adnoc to boost local manufacturing and accelerate industrial growth in the UAE. The app provides real-time visibility of products Adnoc plans to purchase enabling manufacturers SMEs and entrepreneurs to capitalise on long-term local manufacturing opportunities. The app enhances transparency in procurement de-risks investment decisions and facilitates supplier onboarding promoting smarter business engagement with Adnoc. Yaser Saeed Almazrouei Adnoc Executive Director People Commercial & Corporate Support said: We are delighted to launch Make it with Adnoc mobile app as it will provide businesses with real-time visibility into the products we plan to purchase and offer them a more streamlined integrated process to capitalise on the significant local manufacturing opportunities we are cr...

Adnoc Drilling has secured a 1.63 billion five-year contract for Integrated Drilling Services from Adnoc Offshore solidifying its position as the leading provider of advanced integrated energy services in the region and demonstrating its strategy to expand its fleet and service offerings. Abdulrahman Abdulla Al Seiari Adnoc Drilling CEO said: We are immensely proud to secure this considerable award which not only validates our strategic direction but also demonstrates the confidence Adnoc Offshore places in our capabilities. Our IDS offering delivers superior value and innovation enabling us to play a pivotal role in reshaping the future of energy services in the region. This milestone underscores our commitment to operational excellence and positions Adnoc Drilling as the partner of choice in an increasingly dynamic and complex energy landscape. This five-year award is a strong reflection of...

SaudiFood Manufacturing 2025 the largest F&B Manufacturing event in the kingdom opened its doors for its second day at Riyadh Front Exhibition and Conference Centre as visitors continued to explore the exhibition halls while interacting with companies launching new innovations and engaging in commercial trade deals. The day saw Food Specialities Limited (FSL) an award-winning ingredient solutions provider and Kerry Group a leading and innovative global food giant announce a strategic partnership. This collaboration will enhance product offerings with a range of emulsifiers and shelf life solutions with Kerry s CalPro NIACET Brand to the food industry in the region. Dash Dhawan CEO FSL said: We are proud to partner with Kerry one of the largest multinationals in the food ingredients industry and are excited to service the bakery confectionery dairy oils & fats industries. These disc...

Noatum Logistics an AD Ports Group company and a leading global logistics management services provider has acquired 152 long-haul transport trucks from Mercedes Benz to enhance its freight forwarding operations in the Middle East. The fleet expansion comes in response to Noatum Logistics robust growth trajectory and strategic focus on managing customers supply chains across the region while advancing its commitment to environmental sustainability the company said. The Mercedes Benz Actros advanced trucks will boost Noatum Logistics regional transport capacity by 6 000 tonnes and grow its fleet from approximately 450 vehicles to over 600. While capable of handling containerised reefer and loose cargo the vehicles will support customers across key industry sectors including energy polymers food & FMCG automotive pharma & healthcare and defence. ...

Jebel Ali Free Zone (Jafza) is strengthening its position with a strategic investment of AED90 million ( 25 million) in Phase Two of its cutting-edge Logistics Park. Adding 360 000 square feet of Grade-A facilities the expansion aligns with the UAE s push to grow its logistics sector to AED200 billion annually in the next seven years and cements Dubai s role in international trade. The second phase delivers world-class infrastructure including modern offices customisable units temperature-controlled warehouses loading docks and enhanced power capacity to support diverse industries. Abdulla Al Hashmi Chief Operating Officer of Parks & Zones at DP World GCC said: The expansion of Jafza Logistics Park reflects our commitment to helping businesses compete globally and simultaneously drive foreign investment into Dubai. ...

Bridging the UAE s science technology engineering and mathematics (STEM) skills gap to meet the ambitions of UAE Vision 2031 will form a key conference theme at the region s leading maritime and logistics show Seatrade Maritime Logistics Middle East. The flagship event takes place during the upcoming UAE Maritime Week from May 5 to 9 held under the patronage of the UAE Ministry of Energy and Infrastructure and is organised by Seatrade Maritime part of Informa Markets. The region s move away from dependence on oil and gas towards a high-growth knowledge economy in line with the Vision 2031 goals is creating unprecedented demand for new skills particularly in STEM areas such as artificial intelligence smart technology and renewable energy. In acknowledgement of this and with the UAE rapidly solidifying its position as a global maritime hub ...

SAL Saudi Logistics Services Company has announced that it has signed an agreement with Sela Company to launch a new logistics zone at an investment of SAR4 billion ( 1.1 billion) within the Falcons City project north of Riyadh. Spanning over 1.5 million sq m area the facility will feature high-quality Category A warehouses and storage spaces designed to meet diverse requirements said a statement from SAL Saudi Logistics Services Company. The initiative aligns with their joint efforts to enhance strategic partnerships support the logistics sector and boost the kingdom s position as a global logistics hub in line with Saudi Vision 2030 and the National Transport and Logistics Strategy it stated. The agreement was signed by SAL CEO Omar bin Talal Hariri and Sela Managing Director Rakan Al Harthy at a key ceremony held in the presence of Minister of Investment ...

Adnoc Drilling Company has announced that it remains committed to pursuing smart growth seizing new opportunities and maximising shareholder value over the long term. At its Annual General Meeting the company confirmed shareholders approval for the distribution of its final cash dividend payment for the year ended December 31 2024. Adnoc Drilling s full-year revenue increased significantly to a record 4.034 billion rising by 32% year-on-year and its full-year EBITDA reached a record high of 2.01 billion up 36% year-on-year. Since the company s listing on ADX in 2021 its net profit for the full year has more than doubled culminating in 1.3 billion in 2024. Abdulrahman Abdulla Al Seiari Adnoc Drilling CEO said: Our record-breaking financial performance and dividend reflect Adnoc Drilling s strong momentum as the world&rsquo...

As manufacturers contend with onshoring policies and the impact of extreme weather events industrial AI applications will be essential to maintaining costs unlocking production efficiencies and staying competitive says Jim Chappell Global Head of AI and Advanced Analytics AVEVA Visiting a car manufacturer in Dearborn Michigan Japanese executive Eiji Toyoda came away with a startling insight to stockpiled inventory: What if automobile parts were produced just in time for use? That brainwave was first adopted at the Toyota Motor Corporation in the fifties a company Toyoda went on to lead. In the wake of the 1973 oil crisis the concept became a defining feature of the Japanese car industry. By minimising waste while improving quality the production system garnered Japanese cars a reputation for reliability and affordability. Just-in-time assembly often called lean manufacturing has since become a bedrock of global management cano...

Saudi-based Asheil Versatile Lighting Technologies (Asheil) has announced that it has secured prime land in Shaqraa Industrial City located 180km northwest of capital Riyadh for the establishment of its lighting manufacturing and technology hub. The 6 800 sq m facility will not only produce high-performance lighting solutions for Saudi Arabia s giga-projects large-scale urban developments and commercial infrastructure but also generate significant local employment opportunities. By investing in localised manufacturing Asheil said it is ensuring that Saudi talent plays a direct role in the kingdom s industrial transformation equipping the workforce with expertise in advanced manufacturing and energy-efficient lighting technologies. The facility will integrate cutting-edge production techniques energy-efficient LED technologies and precision engineerin...

SAL Saudi Logistics Services the leading provider of cargo handling and logistics solutions in the kingdom has signed a partnership agreement with the King Salman Humanitarian Aid and Relief Center (KSRelief) to provide integrated logistics services in support of the center s efforts to deliver humanitarian aid quickly and efficiently to the most in-need regions worldwide. This partnership reflects SAL s commitment to leveraging its expertise and advanced logistics capabilities to ensure the swift and effective delivery of humanitarian aid to remote and affected areas said a statement from SAL. The agreement further strengthens SAL s role in supporting KSRelief s relief operations facilitating transportation storage and customs clearance processes to ensure aid reaches its intended destinations on time it stated. The agreement was signed by Engi...

DHL eCommerce a specialist e-commerce logistics and cross-border solutions division of logistics major DHL has entered into an agreement with Ajex Logistics Services to acquire a minority stake in the Saudi parcel logistics company. For DHL eCommerce whose core business is domestic parcel transport in selected European countries the US and certain key Asian countries this agreement represents an expansion into the rapidly growing Saudi e-commerce parcel market said the Germany-based group in its statement. Although Ajex only began its operations in 2021 it has already established itself as a leading parcel service provider in the rapidly evolving domestic market with robust growth and an extensive distribution network it stated. The agreement was signed at a key ceremony held in Riyadh in the presence of Saleh Al Jasser the Minister of Transport and Log...

Gulf Warehousing Company (GWC) one of the leading logistics providers in the Mena region has announced the launch of a cutting-edge logistics hub at Ras Laffan dedicated to servicing the country s vital oil and gas industry. This new facility has been developed to support the continued growth and development of Qatar s energy sector particularly with the implementation of the North Field Expansion Project - the world s largest LNG project currently under construction - in line with Qatar National Vision 2030 which prioritises the Optimum exploitation of hydrocarbon resources. The expansive hub boasts an indoor bulk storage warehouse covering more than 5 300 sq m which is fully air-conditioned and with a 25-tonne overhead crane said GWC in a statement. Additionally an indoor racked storage distribution centre (DC) offers thousands of pallet...

Parcel a Hope Ventures portfolio company that has revolutionised delivery services for 3 000 businesses in Bahrain has announced its expansion into Saudi Arabia. Parcel offers businesses a smart alternative to hiring full-time drivers or managing delivery fleets. Through its digital platform the company connects businesses to a network of reliable on-demand drivers providing a more cost-effective and efficient solution than traditional delivery methods said a statement from the company. Since its launch Parcel has been instrumental in supporting Bahrain s local businesses by simplifying their delivery operations helping them grow and saving costs. The platform s success in completing over 1.5 million deliveries highlights its reliability and the strong demand for its tech-driven logistics solutions said its top official. &...

Saudi Authority for Industrial Cities and Technology Zones (Modon) in collaboration with the National Center for Privatization & PPP (NCP) has announced the launch of the Expressions of Interest (EOIs) for the Logistics Zone Development in Dammam 2nd Industrial City. Spanning approximately 850 000 sq m area the project is strategically located within Dammam 2nd Industrial City and will serve as a key enabler for trade cross-border connectivity and industrial expansion. The development will include modern logistics facilities warehousing solutions and operate and maintain the infrastructure ensuring seamless integration with both existing and future industrial activities. The site will comprise among other components a gated public area a non-gated public area leasable spaces and a dedicated utilities infrastructure area. This project a Public-Private Partnership (...

Bikanervala a global leader in Indian sweets and snacks is investing AED33.7 million to develop a state-of-the-art manufacturing facility at National Industries Park (NIP) strengthening Dubai s position as a regional hub for food production. Announced during Gulfood 2025 the 161 000-plus sq ft facility will serve as a critical production hub for Bikanervala s restaurants cloud kitchens and retail partners. Production will begin in late-2026 with an initial capacity of 1 300 metric tonnes per year expected to double to 2 700 metric tonnes by 2030. The first phase of operations will generate 200 jobs with the workforce anticipated to double by the end of the decade as production scales. The new facility will meet the highest standards of food safety and sustainability. It plans to include an Effluent Treatment Plant for wastewater management and a so...

Arabian Drilling and Shelf Drilling have signed a memorandum of understanding (MoU) with the intention of forming a strategic alliance which aims to deploy some of Arabian Drilling s premium jack-up rigs internationally and expand the reach and capabilities of both companies. Arabian Drilling is the largest onshore and offshore drilling company in Saudi Arabia by fleet size. Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations across the Middle East Southeast Asia India West Africa the Mediterranean and the North Sea. Arabian Drilling s offshore rig Under the alliance Arabian Drilling will gain access to Shelf Drillin...

Adnoc Drilling Company today reported a record 2024 full-year revenue of 4.03 billion 32% year-on-year and net profit of 1.3 billion 26% year-on-year. Full-year EBITDA was 2.01 billion 36% year-on-year yielding a 50% EBITDA margin. Abdulrahman Abdulla Al Seiari Adnoc Drilling CEO said: Our record-breaking financial performance demonstrates our constant commitment to maximizing growth and returns for our shareholders while delivering sustainable and innovative solutions to our customers both here in Abu Dhabi and beyond our borders. Our outstanding 2024 financial results reinforce Adnoc Drilling s position as the world s fastest growing energy services company with net profit more than doubling since listing on ADX. As we remain focused on our future growth we continue to expand our fleet and capabilities at Adnoc Drilling and through ...

Tasaru Mobility Investments a prominent investment entity wholly owned by the Public Investment Fund (PIF) of Saudi Arabia has launched a strategic joint venture (JV) in collaboration with Bahri the National Shipping Company of Saudi Arabia and Mosolf Group a leading European provider of automotive logistics and technology solutions. This joint venture aims to deliver comprehensive and innovative logistics solutions tailored to meet the needs of the automotive and mobility sectors in Saudi Arabia. It embodies the concept of sustainable logistics innovation by leveraging advanced technologies and developing infrastructure that supports the transformation of the automotive and mobility landscape said a statement. The JV will leverage the strength of all three partners to deliver integrated world-class logistics solutions for the automotive and mobility sectors in Saudi Arabia. These services include shipping transportation electric vehicle handling insp...

DP World has announced that it has reached a major milestone in the development of the Sokhna Logistics Park in Egypt with 65% of the first phase now already completed. Spanning 300 000 sqm the facility is designed to provide cost-effective integrated supply chain solutions leveraging DP World s extensive global network. The park located just 10km away from Sokhna Port offers direct access to Greater Cairo s key markets and major industrial zones. Its strategic location will enable businesses to reduce operational costs and improve efficiency with streamlined cargo movements. Scheduled for completion in June 2025 the park will drive efficiency reduce logistics costs and strengthen connectivity between Egypt the Middle East Africa and beyond it stated. Ranjit Ray Senior Vice President Economic Zones Mena region...

Bahrain and Saudi Arabia are set to give a fresh boost to their investment co-operation with the establishment of a joint venture company that will cater to the construction materials need in the region. This new venture is in line with the strategic goals of Bahrain s Economic Vision 2030 reported the Gulf Daily News our sister publication citing senior officials. For further details visit https://www.gdnonline.com ...

Cisco a global leader in networking and security unveiled a series of strategic initiatives to advance AI in partnership with Saudi Arabia at LEAP 2025. By introducing advanced cloud data centers AI talent development and phased plans for local manufacturing Cisco is deepening its commitment and strengthening its partnership with Saudi Arabia the company said. These initiatives are designed to enhance Cisco s regional presence and support the kingdom s ambitious digitization goals under Vision 2030 accelerating its evolution into a technology-driven economy that leads in innovation and advanced digital infrastructure it said. Our partnership with Cisco highlights the kingdom s commitment to accelerating its digital economy through innovation. These initiatives will enhance Saudi Arabia s competitiveness both regionally and internationally by promoti...

HP has announced a series of strategic investments aimed at boosting Saudi Arabia s technology industry and bringing education opportunities to Saudi citizens aligned with Saudi Arabia s 2030 Vision. The investments announced at LEAP 2025 include the establishment of a manufacturing facility in Riyadh and an AI and R&D Centre of Excellence in Dhahran a pivotal step on its mission to provide regional businesses with cutting-edge solutions. Building on its role as a trusted education custodian in the region HP has also introduced numerous education programmes and partnerships designed to empower KSA s next generation for a brighter future. At HP we see tremendous potential in the Kingdom of Saudi Arabia and have made strategic AI investments to fuel further growth in the region said Enrique Lores President and CEO of HP. &ldq...

Fujairah Natural Resources Corporation (FNRC) has awarded the contract for the construction of a new asphalt road to Earth Movers International in a strategic move aimed at enhancing the infrastructure and connectivity of the Al Tawyeen region. This crucial project will cater to the industrial expansion needs of Power International and Sharjah Cement supporting economic growth and operational efficiency in the region said a statement from Earth Movers International. A leading contractor of earthworks and roads works pipelines the Earth Movers International plays a pivotal role in infrastructure development supporting critical projects with innovative solutions and modern construction techniques. With a track record spanning over two decades it has successfully delivered numerous high-impact projects across the UAE and beyond. It specialises in roads earth works sewage and w...

Emsteel one of the largest publicly traded steel and building materials manufacturers in the region has forged strategic partnerships to pioneer streamlined raw material transport and cross-border rail connectivity in the GCC while fostering economic collaboration between the UAE and Oman. The landmark agreements highlight a shared commitment to efficient sustainable transportation of raw materials critical to Emsteel s cement production while also aligning with the UAE s Operation 300bn strategy and Oman s Vision 2040. The primary agreement signed with Hafeet Rail Infrastructure the region s first cross-border rail network connecting the Sultanate of Oman and the UAE highlights how Emsteel and Hafeet Rail will collaborate closely to undertake specific roles and responsibilities. As per this partnership Hafeet Rail will develop an integr...

The UAE Cabinet has approved the establishment of the UAE Logistics Integration Council aimed at aligning efforts and ensuring seamless coordination to strengthen the UAE s position as a global trade hub. The council will bring together all key federal and local entities including ports roads transport customs railways and border crossings ensuring efficiency and synergy in the sector said His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President Prime Minister and Ruler of Dubai who chaired the cabinet s meeting held at Qasr Al Watan Abu Dhabi a Wam news agency report quoted. With the logistics industry valued at AED 129 billion in 2023 our goal is to expand it beyond AED200 billion over the next seven years reinforcing the UAE s role as a central hub for global trade and commerce he said. HH Sheikh Mohammed bin Rashid s...

Kamco Invest one of the largest asset managers in the Middle East and North Africa (MENA) region is partnering with a team led by logistics real estate veteran Ian Worboys to form a new investment and development company European Green Logistics Space (EGLS). Worboys who boasts more than 40 years experience working in the European industrial and logistics market including leadership roles at Gazeley Panattoni P3 Logistic Parks and latterly Trammell Crow Company has co-founded EGLS with Amos Chia former head of acquisitions at pan-European urban logistics platform Crossbay and Glen Lonie former head of asset management for Central & Eastern Europe at Cushman & Wakefield. Worboys is EGLS s Chief Executive Officer Chia is the Chief Investment Officer and Lonie is the Chief Financial Officer. Kamco Invest has acquired a significant ...

AD Ports Group a leading facilitator of global trade logistics and industry has announced the signing of a MoU with the Egyptian Ministry of Industry and Transport to explore joint development and operations an integrated logistics Park in Alexandria. As per the deal AD Ports Group will pursue a collaboration with Holding Company for Maritime and Land Transportation (HCMLT) an affiliate of the Ministry of Transportation of Egypt to explore development management and operation of a 1.1 sq km integrated logistics area at Alexandria Port. Set to be one of the largest logistics hubs on the Mediterranean Sea the port accounts for about 60% of Egypt s foreign trade according to government figures. The deal was inked today (January 23) in Cairo by Ahmed Al Mutawa Regional CEO of AD Ports Group and Amr Ahmed Moustafa Executive Managing Director of HCMLT at a special ...

DHL Express the world s leading express and logistics provider has inaugurated a cutting-edge logistics facility at Muscat International Airport in Oman. The milestone was marked by an official ceremony attended by Sayyid Tarik bin Shabib bin Taimur Al Said distinguished guests and key industry leaders. Over the past two decades DHL Express has invested more than 30 million ( 30.81 million) in developing this state-of-the-art facility which spans a total area of 12 621 sq m with a built-up space of 8 074 sq m. The facility houses a ground operations hub an import/export gateway and a regional office with the capacity to process approximately 2 400 shipments per hour while serving more than 4 200 customers. Abdulaziz Busbate CEO of DHL Express MENA stated: This facility is the latest addition to DHL s growing infrastructure and a strategic i...

By Maggie Slowik and Andrew Burton The global manufacturing industry is at a pivotal juncture going into 2025. Rapid technological advancements climate change and intensifying cybersecurity threats demand urgent strategic solutions. While many manufacturers recognise the transformative potential of technologies like Industrial AI decision paralysis and reluctance to disrupt existing systems are holding many back. Manufacturers face a variety of pressures in a rapidly shifting landscape. In a study of manufacturers from around the world IFS found the top three challenges were technological advancements cybersecurity threats and climate change. These issues pose substantial risks from operational disruptions caused by cyberattacks to supply chain vulnerabilities exacerbated by climate events like floods and droughts. Cybersecurity threats rank as a top concern for over a quarter of manufacturers and for good reason....

GFH Partners a DIFC-based global asset management subsidiary of GFH Financial Group has announced a strategic investment in Manrre REIT a premier Dubai-based fund specialising in institutional-grade logistics and industrial assets across the UAE and the GCC region. Founded in 2018 by Palmon Group FZCO a leading local logistics developer and owner Manrre s portfolio is valued at approximately AED500 million ( 136.13 million). This includes 26 high-quality diversified industrial and logistics properties primarily in the UAE establishing Manrre as a leading player in the region s logistics and industrial real estate landscape. This investment marks a pivotal milestone for Manrre and its future growth. Following the recent approval from the Dubai Financial Services Authority ( DFSA ) GFH Partners has assumed the role of Fund Manager. This transaction marks...

Saudi Arabia s National Energy Services Company (Tarshid) has announced that one of its subsidiaries has signed a strategic agreement for detailed study with SAL Logistics Services. The agreement is aimed at enhancing energy efficiency across SAL facilities by conducting a detailed study to implement optimal energy efficiency solutions. It was signed under the patronage of Minister of Energy and Chairman of the National Energy Services Company (Tarshid) Prince Abdulaziz bin Salman bin Abdulaziz during the Saudi Green Initiative Forum and COP16 Conference in Riyadh. These efforts will contribute to improved operational efficiency and reduced carbon emissions aligning with the objectives of Saudi Vision 2030 to achieve energy sustainability and preserve natural resources. The agreement includes on-site surveys and a comprehensive tech...

Hellmann Worldwide Logistics a leading German transport and logistics company has appointed its Dubai-based Regional CEO (India Middle East and Africa) Madhav Kurup as the new Global Chief Operating Officer (COO) for Airfreight Seafreight and Contract Logistics and also a Member of the Management Board. In this role he will be responsible for the global strategic development of these products and further expand present and future product and vertical joint ventures. This is the first time in the company s 150-year history that a non-German member has made it to the Global Management Board and the first time a Hellmann Board member will be based outside Germany thus reflecting the company s commitment to global expansion and diversification. Lauding the appointment Dr. Thomas C. Lieb Chairman of Hellmann Supervisory Board said: Our strong...

Adnoc Drilling Company has announced the closing of the Turnwell Industries OPC (Turnwell) joint venture (JV) between Adnoc Drilling SLB and Patterson-UTI TW Holdings LLC (Patterson-UTI). Turnwell will successfully deliver first wells to Adnoc in under 20 days setting new benchmark. The JV cements a powerful partnership that will lead the UAE s new unconventional energy journey. Adnoc Drilling holds a 55% majority equity stake SLB the world s largest oilfield services provider holds a 30% equity stake and Patterson-UTI a leading provider of drilling and completions services in the United States holds the remaining 15% equity stake. Unlocking unconventional resources Abdulrahman Abdulla Al Seiari Chief Executive Officer Adnoc Drilling said: Closing the Turnwell JV with SLB and Patters...

Arcapita Capital Company a subsidiary of Bahrain-headquartered global alternative investment firm Arcapita Group Holdings today (December 16) reached an agreement with Flow Progressive Logistics (Flow) to develop a modern class A logistics complex in Riyadh. An end-to-end supply chain management company Flow is a part of Saudi-based Alsulaiman Group. As per the deal inked during the Supply Chain and Logistics Conference held in Riyadh Arcapita will develop an 80 000 square meter mixed-use storage complex. The facility will feature various storage options including cold storage dry storage temperature-controlled facilities as well as specialized spaces for pharmaceutical and hazardous goods. Flow which provides international shipping customs clearance warehousing transportation delivery and reverse logistics will operate th...

Ras Al Khaimah Economic Zone (Rakez) has signed a Memorandum of Understanding (MoU) with DHL Express to enhance the logistics capabilities of businesses within the Rakez ecosystem particularly small and medium enterprises (SMEs). The MoU was signed by Rakez Chief Government & Corporate Relations Officer Yaser Abdulla Al Ahmed and DHL Express UAE Managing Director Mahmoud Haj Hussein at the Rakez Compass Coworking Centre. As part of the agreement DHL Express will roll out a tailored programme for Rakez clients enabling them to access credit accounts and enjoy special incentives including a three-month onboarding benefit. Additionally SMEs will be supported by a dedicated contact person providing enhanced sales and after-sales support. Operational efficiencies Rakez Group CEO Ramy Ja...

Ecolab a global sustainability leader offering water solutions and services has launched its first modular manufacturing facility in Egypt. The innovative containerised solution enables rapid deployment of local production capabilities strengthening regional manufacturing capacity and supply chain infrastructure. Supply chain restructuring has become a strategic imperative for industries globally driven by geopolitical tensions inflation evolving trade policies and cybersecurity risks. Reshaping value chains A 2023 survey by the World Economic Forum (WEF) in collaboration with Kearney indicates that progress in reshaping these value chains has been slower than expected. In response to these market dynamics Ecolab s modular manufacturing concept enables swi...

Riyadh Development Company (ARDCO) and Agility Logistics Parks (ALP) have signed a partnership to build a SR227 million ( 60.4 million) state-of-the-art warehousing facility at a prime location east of Riyadh. The project involves construction of 58 000 sq m of Grade A warehousing on a 97 904 sq m parcel of land in the Rimal district of Riyadh. The integrated logistics centre will be built by Agility on land owned by ARDCO. Construction is to begin in 2025 and the complex is expected to open in the first half of 2026. Promising growth sectors Jehad AlKadi CEO of ARDCO said: This partnership is part of our commitment to the Invest to Grow strategy which aims to invest in promising growth sectors providing a sustainable source of income for the company while creating added value in priority...

Saudia Dairy and Foodstuff Company (Sadafco) has signed a non-binding MoU with Hyperview Logistics Company owned by Hyperview Mobility based in Shanghai China to drive the adoption of hydrogen-powered logistics in Saudi Arabia. This collaboration marks a significant step toward achieving sustainable transportation and aligns with the goals of Saudi Vision 2030. The partnership is currently in discussions to explore the possibility of testing hydrogen-powered trucks in the Kingdom of Saudi Arabia said Sadafco in a statement. It is a testament to Sadafco s commitment to reducing its environmental impact and embracing innovative technologies. Sadafco said through this deal it aims to achieve a zero-carbon fleet by 2045 with plans to have 90% of its fleet powered by clean energy by 2035. This ...

Space42 a UAE-based AI-powered SpaceTech company and ICEYE a global leader in Synthetic Aperture Radar (SAR) satellite operations for high-fidelity Earth Observation have created a joint venture to manufacture SAR satellites in the UAE. This builds on their successful cooperation which includes the recent launch of the UAE s first SAR satellite Foresight-1 in August 2024. Focused on satellite manufacturing and deploying SAR satellite missions this JV will directly advance the UAE s Earth Observation (EO) Programme which was created to build national satellite remote sensing and EO capabilities. The JV aims to address the growing demand for high-resolution imagery and data from SAR satellites which can be applied across various use cases. Space42 s new Assembly Integration and Testing (AIT) and LEO mission operations facilities in Abu Dhabi will be home to a local SAR ecosystem ho...

Zayani Motors has announced the opening of its new spare parts shop in Bahrain s Jidhafs effectively expanding its footprint and service offerings across the Capital Governorate. The new location is part of the company s strategic plan to enhance its connectivity with valued customers and ensure they have prompt access to genuine automotive parts for their vehicles including those from renowned brands such as Mitsubishi Motor Company MG Motor HONGQI Fuso and more. As a significant milestone in Zayani Motors ongoing growth and expansion strategy the Jidhafs spare parts shop marks the company s sixth branch dedicated to delivering high-quality automotive components joining the current locations in Arad Hamad Town Manama Ma ameer and Salmabad. The new facility will operate from Saturday to Thursday from 8 am to 5 pm while it will be closed on Friday. &...

Gulf Warehousing Company a leading logistics group in the region has announced that its wholly-owned subsidiary GWC Energy Services has signed a deal with Saudi Offshore Fabrication Company (OFC) to develop 100 000 sq m of Grade A logistics facilities at Ras Al Khair Industrial Port. Under this agreement GWC Energy Services will develop OFC s storage and logistics facilities leveraging its expertise in logistics and energy supply chain solutions to ensure the facilities are optimized to serve the clients needs. This collaboration represents a significant step in our expansion strategy and reinforces our commitment to strengthening our footprint in the Saudi market. Recently GWC has also signed a head of Terms with GFH Financial Group (GFH) to develop 200 000 sq m of Grade A logistics facilities across key locations in Saudi Arabia including Riyadh Jedda...

Cisco is collaborating with the UAE Ministry of Industry and Advanced Technology (MoIAT) to support Industry 4.0 (I4.0) adoption and development in manufacturing. The partners will also launch initiatives with national and international technology and manufacturing champions and lighthouses . The initiative is aimed at driving productivity efficiency and sustainability in the manufacturing sector in the UAE. This collaboration in line with the National Strategy for Industry and Advanced Technology Operation 300bn is part of the Champions Network which aims to accelerate the UAE s digital transformation and adoption of Industry 4.0 solutions in the manufacturing sector. Cisco is a member of MoIAT s Champions Network which also includes a group of pioneering national industrial companies that use I4.0 technologies and solutions in their operations. Through this network the Ministry seeks to enhance...

Experts will convene at Scalex at Logimotion to discuss the innovations shaping the future of global supply chain and logistics. Over 40 speakers and 150 delegates are expected to attend the conference which will be held at the inaugural edition of Logimotion from December 10 to 11. Scalex will showcase advancements in data analytics robotics and automation artificial intelligence blockchain and IoT offering insights into how these technologies enhance supply chain resilience visibility and control. In addition the event will underscore the critical importance of sustainability and explore green practices and strategies. Commenting ahead of Scalex Dishan Isaac Exhibition Director of Logimotion said: Logimotion is committed to driving innovation collaboration and growth across the international logistics mobility and supply chain sectors by offering a dynamic platform for industry...

The Sharjah Airport International Free Zone (Saif Zone) has signed a lease agreement with EMX the logistics arm of 7X for the lease of their new 6 500 square-foot logistics warehouse. The agreement was signed by Saud Salim Al Mazrouei Director of Saif Zone and Tariq Alwahedi General Manager of EMX during a ceremony attended by officials and executives from both sides. Advanced logistics systems The agreement aims to enhance EMX s operational infrastructure further strengthening its express delivery and parcel services across the UAE. Within the new warehouse EMX will integrate advanced logistics systems digital solutions and modern technologies to streamline and automate key operations to increase efficiency and accuracy throughout its network. These enhancements will enable EMX to further elevate service quality and reduce deli...

India s Aerolam Group of Companies a leader in making chemically crosslinked closed-cell polyolefin foam for the HVAC and building insulation market has broken ground on a 14 million manufacturing facility in Bahrain. This milestone marks Aerolam s first international plant set to be located in the Bahrain International Investment Park Salman Industrial Area Hidd. It will support the company s commitment to meeting the growing demand for insulation solutions across the Middle East and North Africa (Mena) region. The construction industry in Mena particularly in Saudi Arabia (KSA) and the UAE is projected to expand at a compound annual growth rate (CAGR) of 7.01% over the next five years. In response to this booming demand Aerolam s Bahrain-based greenfield project will enable the company to provide high-quality insulation products to these key markets. Once operational in Q4 ...

The transformative impact of AI on food manufacturing and its potential in automation digital twins and predictive maintenance were highlighted by strategic futurist Dr Mark van Rijmenam at the FoodTech Summit. AI can contribute 20 trillion to global GDP by 2030. There are multiple applications of AI in food manufacturing for example visual computing can show how food moves through a factory and data classification can be used to sort products of different types and sizes. We also have humanoids being developed that have AI incorporated that can be used in factories he told the summit held as part of the 10th edition of Gulfood Manufacturing the world s leading annual event covering the entire food manufacturing ecosystem which was opened by Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum Chairman of the Dubai Ports and Borders Security Council a WAM report said. Takin...

In a major move the northern emirate of Umm Al Qaiwain has announced plans for the establishment of a logistics city and an airport specially for cargo activities; a key step towards achieving the emirate s Vision 2033 to boost its position as a global hub for logistics services. The plan for Logistics City and Umm Al Qaiwain Cargo Airport came up at the UAQ Executive Council s meeting held today (November 5) under the chairmanship of Sheikh Rashid bin Saud bin Rashid Al Mu alla the Crown Prince of Umm Al Qaiwain reported Wam . The meeting took place as part of the UAE Government Annual Meetings 2024 in Abu Dhabi. The Logistics City is an integrated area that supports transportation and trade movements facilitating logistical operations and connections between different modes of transport. The city with its modern ...

Baker Hughes an energy technology company that provides solutions to energy and industrial customers worldwide has announced the official inauguration of its new purpose-built surface pressure control (SPC) headquarters and manufacturing centre in Abu Dhabi. A 46 000-sqm facility the new Abu Dhabi SPC solutions unit will provide a full range of wellhead and subsea tree equipment and services to customers in the Middle East and around the world. Set up in collaboration with Al Ghaith Energy the UAE s strategic location will facilitate local supply of this essential equipment leading to shorter shipping times streamlined delivery schedules and enhanced supply chain logistics for customers. The opening ceremony was held under the patronage of Dr Sultan Al Jaber Minister of Industry and Advanced Technology and Group MD & CEO of Abu Dhabi National Oil Compan...

Dubai South the largest single-urban master development focusing on aviation logistics and real estate and Indu Kishore Logistics broke ground on a new facility that will be built at Dubai South s Logistics District. This development marks a significant milestone in the company s expansion plan supporting its ambition to evolve into a multi-industry logistics leader. The groundbreaking ceremony was attended by AbdulBasit AlMarzouqi Deputy CEO of the Logistics District Dubai South and Kishore Lakhani Chairman Indu Group in the presence of senior executives from both entities. Completion in Q3 2025 The facility spanning approximately 23 000 sq m and with a storage capacity of 75 000 pallets is scheduled for completion by Q3 2025. Designed to handle spare par...

GFH Financial Group (GFH) a leading financial institution with a strong focus on logistics sector based in Bahrain has signed a Head of Terms with Gulf Warehousing Company (GWC) one of the region s top logistics providers. The collaboration will see GFH power GWC s expansion plans by developing 200 000 sq m Grade A logistics facilities across key locations in Saudi Arabia including Riyadh Jeddah and Dammam. As part of the Head of Terms GFH will finance and oversee the development of these state-of-the-art logistics spaces tailored to meet GWC s specific operational requirements while GWC will lead the technical development of these facilities while being the anchor tenant once completed. GWC will leverage its expertise in logistics and supply chain solutions to ensure the facilities are optimized to serve the clients needs...

Schneider Electric a leader in the digital transformation of energy management and automation has announced the opening of its new has announced a new manufacturing facility in the Hamriyah Free Zone that aims to offer AI-ready data centre solutions to cater to the region s growing market. The new facility is designed to manufacture and assemble AI-ready prefabricated modular data centres supporting the UAE s Make it in the Emirates strategy and the ongoing In-Country Value (ICV) programme which is designed to boost local economic growth and increase the contribution of the private sector to the UAE s GDP. This launch reinforces Schneider Electric s role in boosting local production and driving sustainability and industrial growth through advanced manufacturing practices. Amel Chadli President of Gulf Countries Schneider Electric commented Ou...

Aramex a leading global provider of comprehensive logistics and transportation solutions has joined hands with ZK Holding a leading investment company operating in Abu Dhabi to set up a new venture aimed at providing fully integrated services including domestic and international courier freight forwarding and contract logistics aimed at supporting both local and international businesses in Iraq. Through this joint venture Aramex will significantly expand its existing footprint in the country by tapping into ZK Holding s extensive reach including access to over 7 000 points of sales across Iraq enabling widespread pick-up and drop-off services said the logistics group in a statement. This network will help facilitate smoother logistics operations in more than 15 cities across the country it stated. Combining Aramex s expertise and global network with Z...

Saudi Arabia s Special Integrated Logistics Zone Company (SILZ) has signed a lease agreement with Sapphire a strategic investment of Alat a PIF entity to build a light manufacturing facility at Riyadh Integrated. The manufacturing facility scheduled for completion in 2025 will serve as a state-of-the-art manufacturing center with a gross floor area of 40 000 square feet. The strategic partnership between SILZ and Sapphire will focus on manufacturing of enabling technologies for automation of advanced industrial applications. Dr Fadi AlBuhairan CEO of SILZ said: We are excited to collaborate with Alat while expanding Riyadh Integrated s world-class manufacturing and logistics facilities further establishing this Special Integrated Logistics Zone and the kingdom as vital hubs to domestic regional and world trade and industry. This partnership aligns with our mission and com...

CEVA Logistics a global leader in third-party logistics and Almajdouie Logistics a leading end-to-end logistics solutions provider in the Middle East signed the final agreement to create a joint venture in the Kingdom of Saudi Arabia (KSA). The signing took place during the inaugural Global Logistics Forum in Riyadh. First announced in July 2024 and subsequently approved by the relevant Saudi authorities the newly created joint venture CEVA Almajdouie Logistics will leverage the strengths of both companies to meet the growing demand for integrated logistics solutions in Saudi Arabia to support the Kingdom s growing logistics sector and overall economy. CEVA Logistics controls a majority stake of the joint venture. With a presence in Saudi Arabia since the 1980s CEVA Logistics has collaborat...

The Global Logistics Forum (GLF) hosted by the Ministry of Transport and Logistic Services has commenced following a series of closed door think tank sessions over the weekend. Held under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud the GLF seeks to reshape the logistics industry through global collaboration. Key players from across the sector have gathered in Riyadh to discuss challenges and share knowledge to strengthen the industry s efficiency resilience and sustainability in an increasingly interconnected world. Logistics Diwan The forum commenced with a Logistics Leader Diwan which offered a platform to global leaders across the world to discuss the latest trends in logistics growth. The plenary sessions were opened by a speech from Eng Saleh bin Nass...

EFG Hermes a leading investment bank in the Middle East and North Africa has completed an accelerated book build on behalf of Helmerich & Payne (H&P) involving the divestment of H&P s 197 million stake in Adnoc Drilling. EFG Hermes acted as Joint Global Coordinator for the ABB facilitating H&P s exit from Adnoc Drilling a stake it had initially acquired as a cornerstone investor during Adnoc Drilling s initial public offering (IPO). Ali Khalpey Head of Equity Capital Markets at EFG Hermes said: We are proud to have successfully supported Helmerich & Payne in this important transaction. Despite a challenging geopolitical backdrop the offering attracted a strong group of investors underscoring continued confidence in Adnoc Drilling s promising future. He added Our expertise in managing accelerated book builds enables us to help clients optimize ...

The Global Logistics Forum (GLF) hosted by the Saudi Ministry of Transport and Logistic Services has announced its partners for the upcoming event taking place in Riyadh from October 12 to 14 2024. Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud the inaugural event looks to see unprecedented international collaboration and reshape the map of global logistics. At its core GLF will serve as a dedicated platform for uniting logistics ecosystem partners to enhance the efficiency resilience sustainability and profitability in a globalised world. GLF s global partners share the event s goal of uniting all corners of the logistics sector helping to deliver a one-of-a-kind event to 10 000 attendees. An event backed by its own ecosystem partners include the likes of aviation entities such as Saudia Group Saudi Arabia s port supervisors ...

Logimotion a new exhibition for the international logistics and mobility sectors will host three pivotal conferences featuring industry leaders worldwide. The event will take place at the Dubai World Trade Centre from December 10 to 11 and will coincide with Automechanika Dubai. Logimotion will showcase technologies and solutions within mobility and logistics while fostering industry insights through engaging conference sessions at Scalex the Global Trade and Infrastructure Summit and the TransMobility Forum. The inaugural Scalex conference is themed Charting the Course of Global Excellence and will explore supply chain innovations including robotics blockchain Artificial Intelligence (AI) next-generation automation and cybersecurity. Deep dive The global symposium offer...

Savoye a leading one-stop-shop integrator of automated warehouse solutions and software publisher will showcase its innovative offerings and ODATiO software to the Middle East and UAE market at Gitex 2024 from October 14 to 18. These supply chain and logistics solutions assist businesses in optimising their operations boosting efficiency and capitalising on emerging opportunities thereby meeting the region s evolving demands. Savoye will be co-exhibiting with Incube in the latest edition and aims to network with industry experts strengthen existing partnerships and explore new avenues for collaboration in the logistics and supply chain industry. They will showcase to businesses the upgraded version of Savoye s flagship software application ODATiO which now features an integrated Order Management System (OMS). Evolvi...

Nayyer Group a leading geotextile and carpet producer from Pakistan is establishing its subsidiary Nayyer Carpets with a state-of-the-art manufacturing unit in Ras Al Khaimah. Spanning 57 000 sq m this facility in Rakez Al Ghail Industrial Zone is set to manufacture a variety of products including carpets needle loom felt geotextiles wall-to-wall carpets and grass carpets with an initial workforce of 40 employees. With a production capacity exceeding 50 million sq m annually Nayyer Carpets is poised to serve markets across the Gulf Cooperation Council (GCC) countries Africa India and Pakistan. The company s expansion strategy includes plans to double both its production output and workforce every year as it scales its operations. Tap new markets Nayyer Group Chairman Chaudhry Nayyer Hussain ...

Adnoc Drilling Company today (September 30) announced the creation of a new joint venture with global technology group SLB and PattersonUTI as well as the acceleration of its 144 unconventional oil and gas well programme following the successful and efficient delivery of the first wells in the campaign. The new venture Turnwell was established as the unconventionals drilling arm of Adnoc Drilling to execute a 1.7 billion contract awarded to Adnoc Drilling to provide drilling and associated services to deliver 144 unconventional oil and gas wells. Following Turnwell s efficient and successful start-up and operational delivery Adnoc has accelerated the campaign s completion timeline. The economic impact of the acceleration will benefit Adnoc Drilling s 2025 earnings as well as its long-term growth through the potential acceleration of phase two wi...

Ajex Logistics Services (Ajex) a leading specialist in express distribution and shipping solutions has partnered with prominent logistics brand Widect a 100% subsidiary of Turkish Airlines and highly valued partner in e-commerce space. This agreement aims to expand shipping solutions on the Turkiye-(formerly Turkey)-to-Middle East route and enhance last-mile delivery services for the growing e-commerce sector across Mena. As a 100% subsidiary of Turkish Airlines Widect operations integrate the extensive flight network of Turkish Airlines providing access to 340 destinations worldwide. Thanks to this latest collaboration Ajex customers will benefit from daily flights between Istanbul and Riyadh Jeddah and Dammam enhancing the speed of services including last-mile deliveries. Last-mile expertise M...

Workplace morale has been found to be much higher for manufacturing managers compared to frontline workers according to a study. According to Epicor s new Future of Work in Manufacturing report a significant gap exists between how manufacturing managers and frontline workers perceive workplace morale. In 2024 57% of managers rated their morale as high compared to only 45% of workers highlighting a potential disconnect in understanding and addressing employee engagement. Bridging this morale gap to ensure alignment between managers and workers is especially critical given the projected 3.8 million manufacturing employee workforce shortage and the need for leaders to address current challenges and prepare for future demands. Disconnect in upskilling efforts Separately the report fou...

The Arab Shipbuilding and Repair Yard Company (ASRY) the leading ship and rig repair yard in the Arabian Gulf has concluded its participation in the fifth edition of the Saudi Maritime & Logistics Congress 2024. The event was held in Dhahran Expo Dammam Kingdom of Saudi Arabia from September 18 to 19. This conference is one of the largest regional gatherings of industry professionals in the maritime shipping and logistics sectors. It features a group of prominent speakers from industry leaders at both regional and international levels. The Saudi Maritime Congress serves as a gateway to the marine assets market in the Kingdom of Saudi Arabia and the wider region remarked Wael Mirza The Strategic Development Manager at ASRY. Founded in 1977 in the Kingdom of Bahrain ASRY is the Arabian Gulf s most exper...

Gulf Warehousing Company (GWC) has been selected as the National Winner for Qatar in the Industrial Project of the Year category of this year s 2024 MEED Projects Awards. This prestigious recognition qualifies the company for the next phase where the Mena regional winners will be announced on November 20. GWC Managing Director Shaikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani said: We are honoured to receive the Industrial Project of the Year award a recognition that reflects the significance of Al Wukair Logistics Park in contributing to the diversification of Qatar s economy by supporting micro small and medium-sized enterprises (MSMEs). He added: Al Wukair Logistics Park serves as a successful public-private partnership model. As GWC is tasked with the construction operation and transfer (BOT) of the logistics park under a public-private-partner...

The Global Logistics Forum (GLF) hosted by the Ministry of Transport and Logistic Services is set to gather industry leaders innovators and decision-makers in Riyadh from October 12 to 14 at the King Abdullah Financial District. The event expecting over 10 000 attendees will tackle some of the world s biggest logistics challenges focusing on infrastructure investment supply chain resilience sustainability and the future of logistics technology. Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud GLF 2024 will foster unprecedented international collaboration at a time of rapid transformation in the global logistics sector. New logistics hubs Saudi Arabia s recent advancements including new logistics hubs and growing influence over global tra...

Noatum Logistics an AD Ports Group company and a leading logistics provider has announced the launch of its new rail logistics solution for the Middle East region. The new offering which complements Noatum Logistics integrated regional portfolio of freight forwarding products leveraging land sea and air transport was inaugurated with the launch of its first rail shuttle service between Khalifa Port and Fujairah Terminals. The shuttle service which uses the UAE s national railway developed and operated by Etihad Rail aims to add significant capacity to the regional logistics network and provide optionality to customers transporting large volumes of overland freight. Weekly services Specifically the service will offer weekly departures capable of carrying of up to 156 Twenty-Foot Equi...

Juffali Commercial Vehicles (JCV) has long been a cornerstone in Saudi Arabia s transportation sector and is renowned for its commitment to quality and innovation. Central to their impressive portfolio is the Mercedes-Benz Tourismo a model that exemplifies JCV s dedication to delivering superior transportation solutions tailored to diverse needs. The Tourismo sets new standards in the coach travel industry known for its exceptional comfort safety and fuel efficiency. MERCEDES-BENZ TOURISMO: COMBINING LUXURY AND EFFICIENCY The Mercedes-Benz Tourismo is designed to redefine standards in coach travel. It caters to operators and passengers seeking a premium travel experience by focusing on outsAtanding comfort safety and fuel efficiency. The coach offers a spacious interior ergonomic seating and cutting-edge entertainment systems ensuring a pleasant journ...

Smart Manufacturing Creating a Better Future the 2024 World Manufacturing Convention is scheduled to take place from September 20 to September 23 in Hefei Anhui Province China. The convention aims to establish itself as a vital platform for promoting the growth of emerging industries advancing future industries and accelerating the development of innovative production capabilities. It will contribute significantly to building a stronger manufacturing sector and fostering international collaboration and success in the global manufacturing community. The Convention will highlight the progress and achievements in manufacturing over the 75 years since the founding of the People s Republic of China. Exhibition sections The event will feature several key exhibition sections includ...

Swisslog a global leader in innovative robotic data-driven and flexible automated solutions will present a dynamic demo of its cutting-edge solution AutoStore at Saudi Logistics Expo 2024 from September 2 to 4. The demo is expected to provide visitors with an opportunity to experience firsthand the efficiency and precision of automated storage and order processing. The expo is Saudi Arabia s largest platform dedicated to supply chain warehousing and logistics bringing together over 11 000 industry professionals and showcasing the latest in innovative technologies and solutions. New standards Swisslog will show how AutoStore integrates with existing infrastructures effortlessly meeting the surging demand for rapid precise and reliable order fulfilment. As a leading global and regional logistics provide...

Al Ghurair Foods a leading food processing company in the UAE has marked the groundbreaking of its new state-of-the-art corn starch manufacturing plant at Khalifa Economic Zones Abu Dhabi (Kezad). This facility a first-of-its-kind in the region represents a significant stride in enhancing local food production capacity and contributing to the UAE s National Strategy for Food Security. Spanning a 13.6-hectare site in Kezad Area A Al Ma mourah this standalone facility is designed to serve both local and international markets. Equipped with advanced technologies it will manufacture an array of products including native and modified starches glucose syrups and maltodextrin catering to diverse sectors such as food and beverages pharmaceuticals and various industrial applications. Mohamed Al Khadar Al Ahmed CEO of Khalifa Economic Zones Abu Dhabi Kezad Group said: Kezad Group commends Al Ghurair on the ...

Savoye a leading global warehouse automation integrator and software publisher will showcase its comprehensive suite of advanced solutions at the first edition of the Saudi Warehousing & Logistics Expo Riyadh. The event from September 2 to 4 2024 is poised to drive the adoption of advanced technologies within the Kingdom of Saudi Arabia s (KSA) supply chain and logistics sector. Prominent industry leaders and innovators will convene at the event spearheading crucial discussions on the industry s future. Savoye will leverage this platform to showcase its advanced solutions designed to address fulfilment challenges in logistics sector with a focus on retail eCommerce pharma grocery and small parts distribution. Beyond these industry-specific solutions Savoye will highlight its advanced warehouse automation (goods-to-person robotics systems ASRS packing machines conveyors etc...

Gulf Warehousing Company (GWC) one of the fastest-growing logistics businesses in the Mena region has announced that its wholly-owned subsidiary FLAG Logistics has received four prestigious ISO certifications. FLAG Logistics has been awarded ISO 28000:2022 for Security Management System (SMS) along with three ISO Certifications for its Integrated Management System (IMS) which includes ISO 9001:2015 for Quality Management System (QMS) ISO 14001:2015 for environmental management systems (EMS) and ISO 45001:2018 for occupational health and safety management systems a GWC release said. These certifications were granted following a rigorous external audit during which the company demonstrated full compliance with all requirements. Best practice framework The ISO 28000 - 2022 standard provides a best pract...

AP Moller Maersk (Maersk) a global shipping major headquartered in Denmark has announced that it has joined hands with Saudi General Ports Authority of Saudi Arabia (Mawani) for opening of its largest logistics park in the Middle East at Jeddah Islamic Port. The 225 000 sq m facility which is the largest single-site logistics & services facility in the region has built at an investment of 250 million said Maersk in a statement. The new logistics park will contribute to service and development in supporting economic activity in the kingdom and providing highly efficient logistics services to support the movement of trade and export to foreign markets and enhance the work of supply chains and logistics it stated. An eco-friendly complex it will draw up to 70% of the electricity from 32 000 solar panels installed over 64 000 sq m. on the rooftop. ...

Saudi-based ADES Holding a key provider of jackup and land rigs to the oil and gas industry has signed onshore contracts worth SAR2.42 billion ( 644 million) with Kuwait Oil Company (KOC). The contract award includes new ones for four of KOC s current operating rigs in Kuwait as well as two newbuild units said ADES Holding in its filing to Saudi bourse Tadawul. All contracts under the award are expected to commence during the second and third quarters of 2025 and will run for a five-year firm term with a one-year optional extension it stated. The Company earlier stated that all six contracts are for deep drilling rigs in the 3 000hp category a particularly niche and growing market in Kuwait. This comes close on the heels of its 10-year contract extension win for a standard jackup rig last month in Saudi Arabia...

Adnoc Drilling has announced that its stock has been selected for inclusion in MSCI indexes effective post market close on August 30 2024. ADNOC Drilling will be included in the MSCI Indexes including MSCI EM and MSCI UAE after meeting the necessary criteria. The Company will become the 12th member of the MSCI UAE index. Abdulrahman Abdulla Al Seiari Chief Executive Officer Adnoc Drilling said: We are immensely proud of Adnoc Drilling becoming a new component of the MSCI. This milestone will allow Adnoc Drilling to further broaden and diversify its investor base and make its unique business model and return profile more visible to the global markets. This achievement results from our unwavering commitment to operational excellence and safety sustainable growth investor focus and not least the continuous support of our shareholders. In May 2024 Adnoc su...

Saudi Maritime & Logistics Congress from September 18 to 19 has become a key regional forum for the exchange of ideas between the brightest and best the industry has to offer. As thousands of shipping professionals prepare to gather in Dammam this September for Saudi Maritime & Logistics Congress 2024 the Kingdom s Transport General Authority (TGA) has advised attendees: The reasons for attending are obvious: you get to be part of the conversation. Throughout the course of the event participants will allow networking between thousands of attendees from across the globe and at every level of the industry. Speaking to Seatrade Maritime organisers of the event ahead of the global gathering Eng Essam M Alammari Deputy for Maritime Transport TGA Saudi Arabia added: We have seen a progressive growth in attendance which stood at an impressive 95% in 2023. From policy m...

The International Conference on Maritime Logistics and Ports (ICMLP) 2024 will be held at the Putrajaya International Convention Centre from September 3 to 5 in Putrajaya Malaysia bringing together thought leaders industry experts and innovators from around the globe. The Netherlands Maritime University College (NMUC) collaborates with the Port Training Institute (PTI) of the Arab Academy for Science Technology and Maritime Transport (AASTMT) STC International in organising the event. It is co-organised by MY Iskandar Sdn Bhd (MISB) and the Chartered Institute of Logistics and Transport (CILT). ICMLP 2024 will provide a platform for exchanging ideas and best practices in maritime logistics port management supply chain management and transportation. The conference will cover themes such as emerging markets in port development maritime law risk management in maritime and logistics smart ports green sh...

Ozon Pharmaceuticals has signed an agreement with Tecom Group for establishing its new manufacturing facility on a 150 700 sq ft area in Dubai Industrial City the region s leading industrial and logistics hub. The new AED293 million ( 79.7 million) facility coming up at Dubai Industrial City is being built in two phases and is set for complete operation by next year. Ozon is the latest medical leader to join Dubai Industrial City which is home to more than 1 000 local regional and international customers including Standard Carpets Himalaya Wellness IFFCO Group and Unilever and over 300 operational factories. The Phase 1 of the project will be developed at an investment of AED110 million and will have a production capacity of more than 300 million tablets a year. Upon completion the facility will serve key markets in the GCC and regional countries such as Iraq...

Juffali Commercial Vehicles (JCV) has long been a cornerstone in the Kingdom of Saudi Arabia s transportation sector and it is known for its commitment to quality and innovation. With a robust portfolio featuring Mercedes-Benz buses JCV continues to lead in delivering superior transportation solutions tailored to diverse needs. The Mercedes-Benz Turismo Travego and MCV models exemplify JCV s dedication to excellence from city transit to long-distance travel. MERCEDES-BENZ TURISMO: LUXURY AND EFFICIENCY The Mercedes-Benz Turismo is designed to set new standards in the coach travel industry. Known for its exceptional comfort safety and fuel efficiency the Turismo caters to operators and passengers seeking a premium travel experience. The coach s spacious interior ergonomic seating and state-of-the-art entertainment systems ensure a pleasant journey whether sh...

The 2024 Saudi Maritime & Logistics Congress taking place in Dammam from September 18-19 will highlight how Saudi Arabia s doors are now open even wider to the world with investments pouring into sectors like renewable energy maritime and logistics and other key industries. According to Chris Morley Group Director of Seatrade Maritime organisers of the event: 2024 has already proved a phenomenal year of growth for the industry in Saudi. I can highlight several areas which indicate the scale of momentum within the industry which includes: the launch of Folk Maritime offering feeder services and short sea shipping in the Middle East and supporting the kingdom s aspirations in the logistics sector Mawani s launch of the Ports Community System (PCS) raising the efficiency of the operational performance of the Saudi port network; the new rail link connecting Al Jubail and Riyadh Dry Port. ...

The Arab Shipbuilding and Repair Yard Company (Asry) the leading ship and rig repair yard in the Arabian Gulf said it has signed a cooperation agreement with DHL International -Bahrain- the global leader in the logistics and shipping industry for express international door-to-door transportation of documents and parcels. Asry said the alliance is aimed at streamlining its supply chain processes and optimizing its operations through the implementation of the integrated logistics solutions that DHL will commit to provide for the next two years as per the signed agreement. This partnership will enable Asry to enhance its delivery capabilities; improving efficiency bringing agility to the business and ultimately streamlining the ability to serve customers it stated. We are extremely proud to embark on this collaboration with DHL Bahrain; that is one of t...

DP World a key provider of end-to-end supply chain solutions said it has completed a strategic merger with Turkey s Evyap Group thus bringing together the strengths of two major ports on the Marmara Sea to create a new international logistics hub that will elevate Türkiye s pivotal role in global trade. The completion follows regulatory approval from the Turkish Competition Authority. The newly formed entity DP World Evyap sees DP World assuming a 58% stake in Evyapport while Evyap Group secures a 42% share of DP World Yarımca said DP World in a statement. The rebranding will introduce DP World Evyap Yarımca and DP World Evyap Körfez as the new names for these key maritime gateways. DP World Evyap will help meet the increasing demand for sophisticated logistics in the region boost Türkiye s expo...

UAE-based Al Ramz Capital has announced that it has been appointed as a liquidity provider for Adnoc Drilling Company the Abu Dhabi-listed largest drilling and well completions company in the Middle East by fleet size owning and operating one of the largest multi-discipline drilling fleets in the world. Al Ramz is a licensed market maker on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) with more than 25 years experience in UAE capital markets. It provides a broad spectrum of services including asset management corporate finance brokerage security margins market making liquidity providing public offering management and financial research. Following regulatory approvals Al Ramz will commence independent trading of Adnoc Drilling Company shares within specified parameters and in adherence to regulatory guidelines on July 18 it stated. ...

Ceva Logistics a global logistics and supply chain company has joined forces with Almajdouie Logistics to set up a new entity in Saudi Arabia that will target industry verticals - ranging from conventional energy and petrochemicals industry to automotive e-commerce consumer and retail. A unit of CMA CGM the world s third-largest container transportation and shipping company Ceva is based at Marseille France while Almajdouie Logistics is headquartered in Dammam and operates over 1.2 million sq m of terminal and warehousing and an expansive fleet of vehicles and trailers. The deal would give Almajdouie Logistics access to its global network while Ceva would be able to build on a strong established presence in Saudi Arabia said the company in a statement. The joint venture s completion however is subject to regulatory approvals with Ceva Logistics having majority...

Xpro India Limited part of the Birla Group and producer of dielectric films used in capacitors is setting up its first global manufacturing unit called Xpro Dielectric Films in Ras Al Khaimah investing AED100 million ( 27.2 million). The greenfield project under way in Al Ghail Free Zone Ras Al Khaimah Economic Zone (Rakez) is expected to begin operations in the second quarter of 2025. The facility will produce 4 500 tonnes of dielectric films annually using state-of-the-art machinery. The investment will account for around 33% of the total capacity under Xpro s umbrella and create around 80 new jobs in the emirate. From being the first mover in dielectric film manufacture in India this is a momentous step in the company s strategy to expand its global footprint. Global markets Xpro s In...

Bahri a global leader in logistics and transportation has entered into a training agreement with the Saudi Logistics Academy (SLA) to enhance employment opportunities and skill development in the maritime logistics sector. Under the terms of the two-year agreement SLA will train and qualify a number of Saudi candidates in various specialisations for placement across Bahri s business units. Through a structured 12-month programme participants will gain hands-on experience and theoretical knowledge tailored to meet Bahri s specific job requirements. This initiative not only fosters career growth for aspiring professionals but also contributes to the sustainability of the logistics sector by nurturing a skilled national workforce capable of driving innovation and industry excellence. Thriving ecosystem /di...

PPDS the exclusive global provider of Philips digital signage interactive displays videowalls direct view LED and professional TVs has expanded its global manufacturing operations into India. This brings opportunities for partners and customers and employment in the local community. Continuing an accelerated investment and expansion strategy in the region inspired by a desire to deliver unrivalled levels of support and value to partners and customers in all markets in which it operates this historic development celebrated at a special opening event on 21 June 2024 is the latest example of PPDS global local for local strategy aligned with the Government of India s Make in India initiative. Launched by the Prime Minister in September 2023 Make in India was set up to encourage companies to develop manufacture and assemble produc...

Saudi Arabia s logistics services sector logged a remarkable growth rate of 76% with 11 928 registrations making it the leading sector in the April-June quarter said the Business Sector Bulletin issued by the Ministry of Commerce. The bulletin highlighted the most significant economic activities in promising sectors across various Saudi Arabian regions a Saudi Press Agency (SPA) report said. The artificial intelligence (AI) sector grew by 53% with 8 948 registrations. The Riyadh region had the highest number of commercial registrations in this sector totaling 5 492 followed by the Makkah region with 1 789 the Eastern region with 939 Madinah with 254 and Asir with 115. Cloud-computing services Cloud-computing services also showed substantial growth with a 43% increase resulting in 2 358 r...

DP World a leading provider of end-to-end supply chain solutions has announced that it has signed a key agreement with Dubai Municipality for the development of the largest logistics hub in the world for foodstuffs fruit and vegetable trade. This initiative aligns with the emirate s strategies to enhance investment and economic opportunities thus contributing to the goals of the Dubai Economic Agenda D33 which aims to double the size of Dubai s economy and transform it into one of the top three economic cities globally by 2033 reported Wam. The project also aims to improve quality of life for Dubai s residents and enhance the city s overall attractiveness and livability it added. Announcing the launch HH Sheikh Mohammed bin Rashid Al Maktoum Vice President Prime Minister and Ruler of Dubai said: Today we have launched our plan to develop the largest logistics hub i...

The Kingdom of Saudi Arabia has signed a co-operation agreement with the Romanian authorities in the field of logistics services reported SPA. A high-level delegation led by Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser is on an official visit to Romania. During the meeting with Romanian Minister of Transport Infrastructure and Communications Sorin-Mihai Grindeanu Al-Jasser discussed various ways to enhance cooperation between the two countries. The ministers also engaged in discussions on several topics of mutual interest said the SPA report. Romanian Minister of Research Innovation and Digitalization Bogdan-Gruia Ivan Saudi Ambassador to Romania Mohammed Abdul Ghani Khayat and Al-Jasser s delegation were present at the meeting it added. ...

Adnoc Drilling Company has been awarded a contract with an estimated value of 733 million by Adnoc Offshore for three island drilling rigs in support of the growing operations at the offshore Zakum field. The contract will follow existing agreements with revenue underpinned by the long-term duration with guaranteed returns. The three new island rigs will operate on existing and newly constructed innovative artificial islands at the offshore Zakum field for drilling and completion of wells. The rigs which will be constructed by Honghua Group (HH) will incorporate industry leading technology and automation. Delivery of the rigs and commencement of operations is expected during 2026. The rigs will be designed and built as part of a partnership between Adnoc Drilling and HH. This partnership has been specifically formed to harness the transformative nature of AI digitization and advanced techno...

Nabors has achieved performance objectives for a major UAE operator through a drilling campaign. The 3 000 horsepower rig equipped with advanced drilling technologies like Canrig Automated Catwalk Canrig 750-ton AC Top Drive and REVit stick-slip mitigation solution ensured safer and efficient operations. The crew celebrated over 300 days without any Lost Time Incident reflecting Nabors commitment to Mission Zero . In addition installing the ILLUMIC Lighting System saved 55 440 KWh of energy and 6 930 gallons of fuel in 330 operating days. This energy efficient lighting solution eliminated the use of diesel-powered light towers greatly improving worker visibility during night operations. Additionally ILLUMIC improved safety and productivity while lowering emissions and reducing operational costs stated Nabors. &nbsp...

Juffali Commercial Vehicles dominates the Commercial vehicles and automotive industry in Saudi Arabia. With the launch of their new Special Vehicles division Juffali has redefined the landscape of vehicle customization. This division stands out for its innovative and contemporary designs offering bespoke modifications across various vehicle types including cars vans buses and trucks to meet the diverse needs of its clients. TRANSFORMING DREAMS INTO REALITY The Special Vehicles division at Juffali Commercial Vehicles is more than just a customization service; it is a commitment to excellence and customer satisfaction. Their team ensures that every modification meets the highest standards of comfort and quality making each journey a memorable experience. Our mission is to transform your transportationdreams into reality. Our modifications are not mere adaptations but rather transcendent experiences. With our dedica...

Saudi Arabian Logistics (SAL) has announced that it has signed a service contract with Air China under which SAL will provide comprehensive air cargo handling services for Air China. The agreement marks a strategic partnership that reflects SAL s commitment to expanding its air cargo handling services and strengthening its presence in the global logistics market. As per the deal SAL will also offer ground transportation connections between all its stations in Saudi Arabia s airports and destinations within the GCC countries. These strengthen SAL s position as a trusted partner in the aviation industry and a leading national logistics provider. Air China affirmed that the partnership represents a strategic step for the company to enhance its cargo handling capabilities in the Middle East region. On...

The Massachusetts Institute of Technology Centre for Transportation & Logistics (MIT CTL)has commissioned a new research lab to investigate high-impact applications of new data-driven technologies in the logistics industry. The formation of the lab was supported by seed funding from the intralogistics group Mecalux. Specifically the Intelligent Logistics Systems Labat MIT CTL will explore the potential of machine learning (ML) and artificial intelligence (AI) to transform the future of logistics operations and goods transport. This will be the starting point for a future research collaboration between MIT CTL and Mecalux combining the academic knowledge of the leading US technology university with the hands-on experience of a multinational company with more than 55 years of history. Mecalux intends to provide technical insights and support from its software and automation experts over the next few year...

Adnoc Drilling Company has received shareholder approval of its new progressive dividend policy at its General Shareholder Meeting. The new policy will see dividends grow by at least 10% per annum on a dividend per share basis over the next five years (2024-2028) the company said. The expected cumulative minimum yield from the new policy in the period 2024-2028 is more than 27% (based on closing share price on June 24 2024 of AED4.03) it added. Furthermore the Board of Directors at its discretion may approve additional dividends over and above the progressive dividend policy after considering free cash flow accretive growth opportunities. Dividends are expected to be paid semi-annually with a final dividend distributed to shareholders in the first half and the payment of the interim dividend in the second...

In a significant milestone for Bahrain s logistics sector DHL Express has unveiled a 218-million expansion of its Middle East and North Africa (MENA) hub at the Bahrain International Airport. Shaikh Salman bin Khalifa Al Khalifa Bahrain s Minister of Finance and National Economy inaugurated the expansion marking a crucial step in solidifying the Kingdom s position as a leading regional logistics gateway. According to a report from Bahrain News Agency the finance minister was received by John Pearson CEO of DHL Express; Ahmed bin Ali Al Khalifa Chairman of the board of directors of DHL Express Bahrain; and Noor Suliman CEO of DHL Express MENA. Mohammed bin Thamer Al Kaabi Minister of Transportation and Communications; Abdullah bin Adel Fakhro Minister of Industry and Commerce; and Shaikh Ahmed bin Hamad Al Khalifa President of Customs were present at the opening ceremony. Shaikh Salman toured the new facilities...

Bahrain Logistics Zone which is regulated and managed by the Ports and Maritime Affairs at the Ministry of Transportation and Telecommunications has signed a contract with Al Daaysi Holding for renting of over 8 400 sq m plot within the key development reported BNA. A leading Bahraini family company supporting food security in the kingdom Al Daaysi Holding said the land will be used to build and operate an integrated logistics centre specialising in logistics operations for fast-moving goods (FMCG) like refrigerated and frozen goods and other related services. The contract was signed by Bader Al Mahmood the Undersecretary of Ports and Maritime Affairs in the Ministry of Transportation and Telecommunications and Isa Al Daaysi the CEO of Al Daaysi Holding. The ministry is looking forward to this partnership and what it will achieve in providing logistical solu...

Weatherford International a key US-based provider of innovative energy services has announced that it has secured a new five-year contract from Bapco Upstream a subsidiary of Bapco Energies an integrated oil and gas entity in Bahrain to deliver directional drilling and logging while drilling services. This deal replaces the current drilling services contract that Weatherford was awarded in 2015. The contract includes Weatherford s full suite of drilling technologies alongside its Centro well construction optimisation platform for high-quality reservoir-characterisation data providing exceptional collaboration enhanced transparency and advanced agility to maximize efficiencies for Bapco Energies while maintaining a cost-effective operation. Girish Saligram Weatherford President and CEO said: I am pleased Bapco Energies selected Weatherford as it continues to ad...

AJEX Logistics Services has signed a new partnership agreement with Africa Union Trading and Africa Union Aviation subsidiaries of Africa Union Holdings to enhance logistics and supply chain services between Africa and the Middle East. The agreement inked at the Saudi Trade Attaché s office in Sandton Johannesburg will support the strategic expansion objectives of both companies with Africa Union Holdings growing its footprint across the GCC and AJEX growing its footprint across Sub-Saharan Africa. A milestone for business development this partnership represents a concrete step towards realising the shared vision of enhancing trade connectivity and fostering greater economic cooperation between Sub-Saharan Africa and the Middle East. Forward-looking initiative This...

Inchcape Shipping Services a global leader in port agency and marine services with a major presence in the Middle East region has announced the successful acquisition of Grieg Logistics AS a renowned brand in Norway from the Grieg Group. This move marks an exciting development solidifying Inchcape s commitment to servicing customers with quality operations and people in every port said a statement from Inchcape. Under the new ownership Grieg Logistics will continue to operate under the same name for a period and existing management headed by CEO Stig Trygve Andersen. Inchcape a portfolio company of private equity fund Epiris represents clients in over 85% of the world s ports across 60 countries through its network of 247 owned offices. The acquisition of Grieg Logistics builds on Inchcape s commitme...

NMDC Energy a subsidiary of National Marine Dredging Company (NMDC) has announced a major agreement with Khalifa Economic Zones Abu Dhabi (Kezad) for setting up its manufacturing facility on a 224 000 sq m area within its freezone. A major player in the region NMDC Energy operates advanced fabrication facilities in Abu Dhabi with a capacity to produce up to 100 000 tonnes of structural steel annually across an area of 1.3 million sq m. Additionally NMDC is expanding its capabilities with a new 450 000 sq m fabrication yard in Ras Al Khair port Saudi Arabia which will have a projected capacity of 60 000 tonnes per year by 2026. The company owns a fleet of 22 offshore vessels equipped with modern facilities to support its shallow and deep-water operations. It can lift structures weighing up to 4 200 tonnes and is also equipped for laying subsea cables and pipe...

Roads and Transport Authority (RTA) has announced the launch of its new Dubai Commercial and Logistics Land Transport Strategy 2030 aimed at doubling the direct contribution of the land transport and logistics sector to the emirate s economy to AED16.8 billion ( 4.5 billion). Unveiling this today (June 2) Mattar Al Tayer Director General and Chairman of the Board of Executive Directors of the RTA said it has identified 17 projects that will contribute to supporting the sector s and companies growth increasing its competitiveness through digital markets and platforms. The strategy focuses on using data and technology to support the development of companies with high potential cooperating with the commercial transport sector to operate modern vehicles with better performance and encouraging the adoption of innovative methods and future technologies. The...

Al Ghurair Foods has announced that its pasta manufacturing facility in Dubai s Jebel Ali Industrial area switched from diesel oil to compressed natural gas (CNG) to run its production processes a first within the company s portfolio. The transition to cleaner fuels signals the company s commitment to the UAE s climate ambitions by consistently decarbonising its operations. CNG is a clean-burning alternative fuel that is obtained by compressing natural gas to less than 1% of its volume at standard atmospheric pressure. It has a lower carbon footprint compared to traditional fuels thus producing lesser greenhouse gas emissions and particulate matter. Virtual pipeline technology The facility will be supplied with CNG through a virtual pipeline technology by CloudEnergi a UA...

Adnoc has announced at the Make it in the Emirates forum an increase in its local manufacturing target for critical industrial products in its procurement pipeline to AED90 billion ( 24.5 billion) by 2030 to propel UAE s economic diversification strengthen the industrial sector and expand local manufacturing capabilities. The new target is part of Adnoc s expanded In-Country Value (ICV) program which aims to drive an additional AED178 billion ( 49 billion) back into the UAE economy by 2028. Adnoc s previous 2027 target for local manufacturing of AED70 billion ( 19 billion) worth of products was delivered ahead of schedule following the award of two contracts for metal pipes and valves worth AED16.8 billion ( 4.6 billion) to local manufacturers. Dr Sultan Al Jaber Minister of Industry and Advanced Technology and Adnoc Managing Director and Gr...

Gulf Islamic Investments (GII) and Logipoint a subsidiary of SISCO have signed an agreement to create a joint venture for a logistics platform providing Grade A warehousing solutions across in a deal worth SR1 billion ( 300 million). LogiPoint is a leading industrial and logistics real estate developer of Saudi Arabia which invests manages and operates bonded and non-bonded logistics parks and zones. The GII-Logipoint joint venture will create new logistic infrastructure in key Saudi cities starting in Riyadh and Jeddah providing warehousing and handling facilities as the backbone of a multi-asset logistical network serving companies across the kingdom. This partnership is the second logistics deal in quick succession for GII a leading Shari ah-compliant global alternative investment company with over 4.5 billion of assets under management (AUM). Earlier this month Brookfield Asset Management ...

AJEX Logistics Services the Saudi-headquartered Middle East specialist in express distribution and shipping solutions has been selected as an official partner for the second year running for the Hajj without Baggage initiative. AJEX will provide essential shipping and logistics services to transport Hajj pilgrims luggage to and from their destinations enabling them to travel with greater ease and comfort. Regarded as the world s largest gathering of people the annual pilgrimage to the holy city of Mecca attracted 1.84 million pilgrims in 2023. This year Hajj is set to begin this year on June 14 and will end on June 19 and is expected to receive similar numbers of visitors. In 2023 AJEX transported 20 000 bags as part of the initiative with zero customer complaints losses or damage. This year AJEX has increased its capacity thanks to its warehouses in Mecca Riyadh and Dammam so that it can transport up to 1...

DP World a leading provider of smart end-to-end supply chain solutions has joined hands with Saudi Ports Authority (Mawani) to break ground on a new logistics park which will come up on a 415 000-sq-m area in Jeddah port. The greenfield facility being set up at a total investment of SAR900 million ( 250 million) will feature 185 000 sq m of warehousing space and a sprawling multipurpose storage yard thus making it the largest integrated logistics park in the kingdom. It will have the capacity for more than 390 000 pallet positions offering customers an efficient platform for the seamless flow of goods to and from Jeddah. According to DP World the new facility will provide modern storage and distribution facilities as well as help boost trade in the Kingdom of Saudi Arabia and the wider region. Established in 2022 as part of a 30-year c...

EFG Hermes an EFG Holding company and the leading investment bank in the Middle East and North Africa (Mena) region has announced that its investment banking division has successfully closed a landmark 935 million accelerated equity offering (AEO) for Adnoc Drilling Company. As per the deal EFG Hermes acted as a joint global co-ordinator and joint bookrunner for the AEO which is the biggest of its kind in the UAE. Placement constitutes a sale of 880 million shares priced at AED 3.90 representing 5.5% of Adnoc Drilling s total share capital. As per the deal Adnoc will continue to retain a majority 78.5% shareholding in the company. EFG Hermes acted as a joint global co-ordinator and joint bookrunner for the Offering. This transaction signifies a major achievement for EFG Hermes showcasing the company s increasing expertise and...

Abu Dhabi National Oil Company (Adnoc) has completed a placement to institutional investors of 880 million shares in Adnoc Drilling Company. This represents 5.5 per cent of Adnoc Drilling s total issued and outstanding share capital and will increase the Company s free float to 16.5 per cent. The Offering saw strong demand from institutional investors in the GCC and internationally and was priced at AED 3.90 ( 1.06) per share approximately 70 per cent above the Initial Public Offering (IPO) price of AED 2.30 per share and represents a 5.6 per cent discount to the Company s closing price on May 22 2024. Settlement of the Offering is expected to occur on or around May 28 2024. Adnoc continues to see sustained strong and unique growth potential in Adnoc Drilling and this was further demonstrated in Adnoc Drilling s first quarter 2024 financial results (published on May 13 2024) which s...

Abu Dhabi National Oil Company (Adnoc) the current majority shareholder of 84% of the ordinary shares in Adnoc Drilling announced today (May 22) its intention to offer approximately 880 million ordinary shares corresponding to 5.5% of the issued and outstanding share capital of Adnoc Drilling through a bookbuild offering to certain eligible institutional investors in reliance on Rule 144A and Regulation S of the US Securities Act of 1933 as amended (the US Securities Act). The Offering is open only to professional investors as defined by the UAE Securities and Commodities Authority (SCA) and will not be available to the public in the UAE or any other jurisdiction. The bookbuilding period for the Offering will commence immediately and is expected to close tomorrow subject to acceleration. The final number of shares to be placed and the offering price will be determined at the close of the bookbuild process rep...

Dubai South the largest single urban master development focusing on aviation logistics and real estate has joined hands with Abu Dhabi-based Aldar Properties to develop a build-to-suit facility for Kuehne Nagel one of the world s leading logistics providers at EZDubai the fully dedicated e-commerce hub in Dubai South. Spanning 22 915 sq m the facility provides third-party logistics (3PL) e-commerce and goods handling services and is designed to include office space warehousing capabilities and an amenities block. The facility is expected to be handed over to Kuehne Nagel by Q2 2025. Located in close proximity and with direct access to Al Maktoum International Airport as well as Jebel Ali port via a bounded logistics corridor the logistics facility is being developed as part of the joint venture between Dubai South and Aldar to develop Grade A logistics facilities at Dubai South ...

L&T Valves is one of the largest suppliers of on-off valves to Saudi Arabia and opening of the new facility marks a significant milestone and the beginning of a new era for world-class Made-in-KSA flow-control solutions catering to the energy and allied sectors. It aligns with the Saudi Vision 2030 and the iktva initiative actively supporting local value-chain creation and fostering skill development programmes. The new facility L&T Valves Arabia Manufacturing is strategically located at Al Jubail off the Dammam-Abu Hadriyah Highway in the kingdom. It boasts key systems and processes certified to meet the stringent requirements of ISO 9001 (Quality Management Systems) ISO 14001 (Environmental Management Systems) and ISO 45001 (Occupational Health and Safety Management Systems). Additionally the entity is authori...

Immensa Mena s largest digital manufacturer has announced a strategic alliance with Intaj Suhar for Advanced Manufacturing (ISAM) in Oman via a Memorandum of Understanding (MoU) signed to boost in-country manufacturing. In line with Immensa s business model - building digital warehouses servicing the energy sector to enable spare parts on demand - the MoU will lead to collaboration to localise the manufacturing process into Oman. Immensa s strength in digital inventory solutions and additive manufacturing coupled with ISAM s local capabilities will create a complete solution for Omani companies to procure locally produced parts. Key strategies The announcement complements Oman s key strategies of the Ministry of Energy and Minerals In Country Value&r...

Qatar Free Zones Authority (QFZ) and FedEx Logistics have signed a Memorandum of Understanding (MoU) to set up a regional logistics facility in Qatar s free zones. The facility which will operate under the company s FedEx Trade Networks Transport & Brokerage division will be located at Ras Bufontas Free Zone and will include a state-of-the-art logistics office. The MoU was signed by Sheikh Mohammed H F Al-Thani CEO of Qatar Free Zones Authority (QFZ) and Patrick Moebel President and CEO of FedEx Logistics in a ceremony that took place on the sidelines of their participation at the Qatar Economic Forum following a productive panel discussion titled Connecting to the Shifting Global Supply Chain Network that brought together QFZ and FedEx Logistics. Key gateway T...

Adnoc Drilling reports a record first quarter revenue of 886 million a 24 per cent increase from the previous quarter surpassing market expectations for the third consecutive quarter. The Offshore Jack-up and Oilfield Services (OFS) segments drove revenue growth increasing 51 per cent and 16 per cent respectively year-on-year. EBITDA grew 31 per cent year-on-year to 437 million driven by strong operational performance leading to a year-on-year EBITDA margin expansion to 49 per cent. Net profit for the quarter reached 275 million up 26 per cent year-on-year. Abdulrahman Abdulla Al Seiari Chief Executive Officer Adnoc Drilling said: Our strong first quarter performance demonstrates that we have entered a new era for the Company as we go from strength-to-strength delivering on and beyond the expectations of the market our customers and our shareholders. Confidence...

GWC Qatar s logistics leader plays a key role in shaping the country s 3PL cold chain market which is set for vigorous growth. As a regional trade commerce and logistics hub the State of Qatar recognises the need for robust cold chain infrastructure. The Qatar Freight Master Plan (QFMP) which was announced in February 2024 by the Ministry of Transport emphasises this momentum. Aligned with the Third Qatar National Development Strategy (2024-2030) the QFMP aims to position Qatar as a global hub for shipping; advancing the objectives of Qatar National Vision 2030. Stringent regulations and standards shape Qatar s cold chain market ensuring product integrity. Amid progress and innovation Qatar s cold chain market offers opportunity. With ongoing investments Qatar is set for cold chain sector growth aligning with its vision for a prosperous future. &nbs...

Brookfield Asset Management today (May 2) announced that it has reached an agreement with Gulf Islamic Investments (GII) a leading Shari ah-compliant global alternative investment company to acquire a controlling stake in its logistics real estate platform. The transaction is being completed through one of Brookfield s private real estate funds said the New York-based company in a statement. The portfolio comprising 1.5 million sq ft of warehouses in the UAE marks Brookfield s foray into the logistics sector in the region. The firm plans to invest and scale the platform overtime through the acquisition and development of high-quality logistics real estate assets it stated. Established in 2014 with over 4.5 billion of assets under its management GII has been actively investing in logistics real estate assets since 2018. ...

King Salman Energy Park (Spark) the leading industrial hub at the heart of the energy market has announced the appointment of Dave Lee as the CEO of Spark Logistics. Spark Logistics is a joint venture between Spark and Hutchison Ports to operate a state-of-the-art fully automated Logistics Zone and the region s largest dedicated private dry port. Lee s appointment is a significant step towards establishing Spark as a global hub for trade transport and logistics in line with the National Industrial Development and Logistics Programme. Key role Lee brings over two decades of experience in the logistics and port management industry. He has held several leadership positions at Hutchison Ports where he played a key role in driving the company s global expansion strategy carrying an innovative appro...

The inaugural SaudiFood Manufacturing show kicks off on April 30 at Riyadh Front at a crucial time for the Saudi Arabia s food and beverage industry as it moves front and centre in the economic transformation underway in the kingdom. The first edition which runs until May 2 will take place under the patronage of Saudi Arabia s Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef. Organisers KAOUN International and dmg events are ready to welcome visiting international and regional brands with representatives of Americana Al Shaya Group Carrefour Fly NAS NAPCO PIF Riyadh Airports Saudi Food & Drug Authority Saudi Aramco Savola and many more confirmed to attend. TawaSul an elite networking programme at the event will provide top-tier manufacturers with a unique opportunity to engage with influential buyers. Over 7 000 meetings are already scheduled and c...

The Abu Dhabi Department of Economic Development (ADDED) has issued a new guide that allows domestic and international players to invest in a sector projected to reach a combined market size of AED11.04 billion ( 3 billion) by 2027. Ahmed Jasim Al Zaabi Chairman of the Abu Dhabi Department of Economic Development (ADDED) announced the new guide launched as part of the Abu Dhabi Channel Partners programme for investment opportunities in transportation at DRIFTx the international thought-leadership and exhibition platform in Abu Dhabi that is dedicated to advancing the future of smart and autonomous mobility across air land and sea. DRIFTx is supported by the Abu Dhabi Investment Office (ADIO) which launched Smart and Autonomous Vehicle Industry (SAVI) cluster in 2023 to set new standards for global transportation and mobility. ...

Saudi-based ADES Holding Company has announced that it has received a Letter of Award (LOA) from one of the leading international oil companies for a one-year firm jack-up drilling contract in Qatar. The total contract value from the firm and optional terms is seen at SAR350 million ( 93.2 million). According to ADES the contract comprises a firm one-year term plus three optional six-month extensions totalling 18 months. The new award follows ADES earlier announcement of an imminent opportunity in the region and solidifies ADES position in the important Qatari market reinforcing its regional expansion strategy said the company in a statement. Operations are expected to commence in the second half of 2024 utilizing one of ADES jack-up drilling units. ...

The majority of petrochemical process engineers have reported issues sourcing spare parts for temperature control equipment at petrochemical plants and refineries potentially disrupting operations subject to seasonal demand. According to a new Aggreko survey of over 600 engineers from the UK Germany France Belgium the Netherlands and Luxembourg an average of 52% of respondents cited issues sourcing spare parts for cooling heating steam and compressed air equipment. These findings gathered by independent research partner Censuswide to inform Aggreko s new whitepapers titled Process Matters identify multiple operational challenges in the sector. This includes ageing existing process and temperature control equipment in all markets questioned with solutions being five years old on average and many being even older. &nbsp...

Halifax-based Irving Shipbuilding has awarded a contract to provide inbound logistics services for ship construction and repair projects has been awarded to global logistics company Geodis. The contract which will be managed by Geodis Project Logistics team in Canada with support from the company s global network of offices will cover all inbound shipments to ISI facilities in Halifax Nova Scotia to supply three shipbuilding programmes: the Canadian Surface Combatant Arctic Offshore Patrol Ships and Halifax Class Frigate Repair Contracts. Utilising Geodis proprietary IT systems ISI will achieve total asset visibility throughout their supply chain. Geodis was selected based on its global presence and industry-leading logistics capabilities combined with a commitment to engage with local companies to provide this critical service. Accordingly this contract helps Irving Ship...

Dubai South the largest single-urban master development focusing on aviation logistics and real estate has joined forces with Aldar the leading real estate developer investor and manager in the UAE to break ground on its first logistics facility. The Grade A logistics complex spanning approximately 23 000 sq m of gross floor area is strategically located near Al Maktoum International Airport and is scheduled for completion by the end of 2024 said a statement from Dubai South. The facility offers bonded and non-bonded access as well as providing a usable eaves height of 16 metres and being temperature controlled to 24 degrees Celsius it stated. This comes as part of an agreement signed recently by the duo to develop Grade A logistics facilities at Dubai South s Logistics District it added. On the new venture Mohsen Ahma...

There has been a 36% increase in the number of successful attacks on the global transportation industry in 2023 compared to 2022 says Positive Technologies an industry leader in result-driven cybersecurity. According to the experts the most popular attack methods were malware usage (35%) exploitation of vulnerabilities (18%) and supply chain attacks (8%). In recent years the transportation sector has undergone a digital transformation says Ekaterina Snegireva Senior Analyst at Positive Technologies. This has improved the efficiency of organisations and the convenience of passengers. However with the growing reliance on information technology the industry is becoming increasingly vulnerable to a variety of cyberthreats that can disrupt a company s operations or even affect the economy of an entire nation. str...

Tata Daewoo a leading commercial vehicle manufacturer headquartered in Gunsan South Korea has announced plans to build its production unit in the kingdom for tthe manufacture of trucks. In this connection Tata Daewoo signed a MoU with its local distributor Saudi Diesel Equipment Company (SDEC) and local manufacturer Perfect Arabia Factory (PAF). As per the deal Tata Daewoo will provide technology support locally while SDEC and PAF will join forces to assemble Daewoo trucks in the kingdom. Last year the Korean truck maker had exported 670 large trucks to the kingdom achieving sales of 48 billion won ( 35.6 million). -TradeArabia News Service ...

The willingness of managers to actually make use of smart utility meters will be a deciding factor in reducing energy consumption and related costs in manufacturing a new study said. The work also serves as a proof-of-concept for using event system theory which has historically been used to understand the impact of unexpected phenomena to tease out the practical effects of planned actions in the business community such as adopting new technologies. We had two goals with this study says Patrick Flynn corresponding author of a paper on the work and an assistant professor of human resources in North Carolina State University s Poole College of Management. Real-time data First we wanted to see how effective smart utility meters are at redu...

Make-to-Order has emerged as the perfect paradigm for customised climate conscious manufacturing at a time when the GCC custom-manufacturing market is growing exponentially and is poised to reach almost 1.3 trillion by 2030. In the wake of COP28 it seems appropriate that we focus on the concept of customisation where the customer gets precisely what they want with no compromises and the manufacturer is able to reduce waste by not expending materials energy and labour on that which is not required writes Vibhu Kapoor Regional Vice President - Middle East Africa & India Epicor. By one estimate the GCC custom-manufacturing market had reached a value of 898 billion by 2022 and is expected to grow at a compound annual rate of 4.6% between 2023 and 2030. This is very good news for Gulf nations that have sought to diversify their economies. Programmes such as Saudi Arabia s National Industria...

Make-to-Order has emerged as the perfect paradigm for customised climate conscious manufacturing at a time when the GCC custom-manufacturing market is growing exponentially and is poised to reach almost 1.3 trillion by 2030. In the wake of COP28 it seems appropriate that we focus on the concept of customisation where the customer gets precisely what they want with no compromises and the manufacturer is able to reduce waste by not expending materials energy and labour on that which is not required writes Vibhu Kapoor Regional Vice President - Middle East Africa & India Epicor. By one estimate the GCC custom-manufacturing market had reached a value of 898 billion by 2022 and is expected to grow at a compound annual rate of 4.6% between 2023 and 2030. This is very good news for Gulf nations that have sought to diversify their economies. Programmes such as Saudi Arabia s National Industria...

SAL Saudi Logistics Services (SAL) a market leading air cargo handler and a member of Saudi Arabian Airlines Corporation said it has signed an agreement with Taiba Airports Operation Company for the leasing of a prime plot at Prince Mohammed bin Abdulaziz International Airport in Madinah. The transaction which is valued at SAR420 000 per year (or a percentage of the revenue whichever is higher) is for a land area of 7 500 sq m (3 500 actual sq m and 4 000 sq m reserved) for a period of 16 years said SAL in its filing to the Saudi bourse Tadawul. On the expected impact of the transaction SAL said the agreement reduces rental costs by SAR34.3 million throughout the contract period. As per the deal the area of land can be utilised for the benefit of SAL for the purpose of expansion it stated in the bourse filing. It is expected tha...

UAE-based Pharmatrade has announced the opening of its new logistics centre within the Khalifa Economic Zones Abu Dhabi development. The Emirati group said the expansion of its business over the last 13 years since opening its Logistics Centre in Dubai Investment Park 1 prompted the group to invest in a new logistics centre in Kezad. Through this new complex Pharmatrade aims to ramp up the storage and distribution of its pharmaceutical and medical device range of products to serve the UAE s healthcare sector it stated. Kezad Logistics Park Phase 5 which houses Pharmatrade s Logistics Centre is a cluster of temperature-controlled Grade A industrial warehouse facilities with modern specifications that offer several different configurations to meet client needs and boost logistics efficiency. Speaking at ...

Khalifa Economic Zones Abu Dhabi Kezad Group and the UAE-based Pharmatrade have opened Pharmatrade s Abu Dhabi Logistics Centre which will ensure uninterrupted medical supplies to Abu Dhabi and Al Ain. The new logistics centre will ramp up the storage and distribution of its Pharmaceutical and Medical Device range of products to serve the UAE s healthcare sector. The expansion of its business over the last 13 years since the opening of its Logistics Centre in Dubai Investment Park 1 prompted Pharmatrade one of the largest companies in the healthcare sector to invest in a new logistics centre in Kezad. Kezad Logistics Park Phase 5 Kezad Logistics Park Phase 5 which houses Pharmatrade s Logistics Centre is a cluster of temperature-controlled Grade A industrial warehouse facilities with ...

FedEx has been working for decades to empower women in what is perceived to be a male-dominated sector and to advance their careers through training and mentorship. At FedEx women are making a difference across the organisation and challenging biases. The company recognises people as individuals and knows that treating everyone equally does not necessarily mean treating them the same FedEx release said. FedEx has an Equal Opportunity Policy ensuring no team member receives unfair treatment on the grounds of gender age or nationality when applying for a position or accessing mentorship or development opportunities. Diversity Equity and Inclusion FedEx also has a Diversity Equity and Inclusion Council which helps build on existing initiatives and programmes and continually identifies areas for impr...

Arabian Drilling a leading national onshore and offshore drilling contractor in Saudi Arabia has posted an all-time high record revenue of SR987 million and SR3.48 billion ( 930 million) for the Q4 2023 and full-year 2023 respectively. The company consolidated revenue for 2023 represented a 29% increase YoY driven by higher rig activity with a 11% YoY increase and higher day rates specifically in the Offshore Segment. For Q4 23 the consolidated quarterly revenue represented a 7% sequential increase mainly due to the full contribution of the three new jackups that started in Q3 23 (AD130/140/150) lower Non-Productive Time ( NPT ) as well as higher rig move revenue recognised in December 2023. FY 23 Net Income of SR605 million was 25% higher than the Adjusted Net Income of SR484 million in FY 22 which was adjusted to account for a one-time tax...

The International Federation of Freight Forwarders Associations (FIATA) RAME Field Meeting and Conference 2024 closed successfully in Dubai committing to working together to address the current disruptions in the logistics sector. An important outcome of the conference was the signing of a Memorandum of Understanding (MoU) between the UAE National Association of Freight & Logistics (NAFL) and Kale Logistics a leading provider of comprehensive cloud enterprise systems for the logistics sector. The partnership will focus on developing digital solutions to streamline processes and data analytics to facilitate trade. This will further drive the digitalisation of the sector in the UAE and enable NAFL stakeholders members and the private sector in general to improve efficiency and transparency and benefit from a digital platform that supports operational processes and data sharing between stakeholders and facilita...

Adnoc Drilling Company has received shareholder approval for its final cash dividend for the year ending December 31 2023. The final approved dividend is 358 million bringing the total dividend to 717 million (16.45 fils per share) a 5% year-on-year increase from 2022. The dividend will be paid to all shareholders of record on or around April 3 2024 to all shareholders of record as at March 21 2024. Adnoc Drilling reiterates its commitment to a dividend policy that is progressive reflecting robust underlying cash flow with an annual distribution that is expected to grow by at least 5 per cent per annum on a dividend per share basis over the next three years (2024-2026). Abdulrahman Abdulla Al Seiari Chief Executive Officer of Adnoc Drilling said: In 2023 we made excellent progress towards our strategic priorities while supporting our customers to achieve theirs. ...

Parker Wellbore and TDE have formed a strategic alliance to revolutionise the drilling process focusing on pilot projects and commercialising TDE s proprietary tde powerline downhole power and data highway globally. tde powerline is the industry s first downhole high power high bandwidth data highway enabling intelligent digital drilling systems - a key enabler for AI driven solutions and drilling automation. tde powerline wired drill pipe technology provides electric power from the surface via the drill string to the BHA and greatly increases downhole data streaming while drilling to levels not seen today. The tde powerline technology delivers 300 watts of power and supports bidirectional communication at 200 000 bit/sec a near-fourfold increase from current wired drill pipe data rates or 10 000 times mud pulse data rates. &nb...

SPARK Logistics has signed two Memoranda of Understanding (MoUs) with ESAB a world leader in welding equipment and Petromasafi a key supplier of oil and gas chemical products to explore leasing opportunities. SPARK Logistics a joint venture between King Salman Energy Park (SPARK) and Hutchison Ports is the operator of the SPARK dry port and these MoUs will facilitate the leasing of existing prebuilt facilities located within the SPARK s dry port bonded area. The agreements will enable the leasing of pre-built facilities spanning an area of over 15 000 sq m which will serve as light manufacturing and distribution centers for ESAB and Petromasafi enhancing the delivery of products and services to the oil and gas sector. The facilities will be utilised for the production storage and distribution of important equipment and chemicals. span style= font-size:1...

AJEX Logistics Services is nurturing young female graduates entry into the logistics sector in Saudi Arabia which is targeting 30% female participation in the workforce by 2030. In collaboration with the Ministry of Transport and Logistics and through initiatives like the Saudi Logistics Academy (SLA) programme AJEX is equipping women with the necessary skills to excel in logistics. Furthermore AJEX s internal Future Leader Programme is a testament to its commitment to developing women leaders within the industry providing a robust four-year development pathway from frontline roles to senior management. Today these women are employed in vital roles across the sector helping to propel the industry forward. Evolution of global trade For example Customer Care Manager at AJEX Atheer Al...

UAE represented by the AD Ports Group and Iraq have discussed a number of projects pivotal to international transport logistics services and economic cooperation in the region. Welcoming an Iraqi delegation headed by Razzaq Muhaibas Al-Saadawi Iraq s Minister of Transport alongside key figures and leaders in business investment and development sectors Suhail bin Mohammed Al Mazrouei UAE s Minister of Energy and Infrastructure said: We are pleased to host Razzaq Al-Saadawi and the esteemed Iraqi delegation in the UAE. Meetings with our Iraqi counterparts have consistently resulted in a strong desire to advance relations between the two nations. Our meeting today at Khalifa Port represents a progressive step towards strengthening the regional and global position of both the UAE and Iraq. We see this collaboration elevating the transportation and logistics sectors to unparalleled levels of competitiveness and appeal throug...

Dell Technologies on Monday announced plans to open a new merge and logistics fulfilment centre which includes a second touch manufacturing facility in the Kingdom of Saudi Arabia (KSA). This strategic investment commemorates Dell s position in securing a regional headquarters licence to operate in KSA and reinforces the company s commitment to Saudi Vision 2030 in driving economic diversification through technological advancement the company said. The new centre based out of Riyadh will handle all Dell product lines in KSA including notebooks desktops servers storage and networking. This in turn will help manage the growing demand for Dell s end-to-end consumer and enterprise solutions create additional services and offerings reduce lead times and enhance customer satisfaction. Additionally Dell is moving its Flat Panel Monitor Hub to Riyadh with inventory stocked a...

Ethiopian Airlines Group the largest airline group in Africa has launched its state-of-the-art e-commerce logistics facility in Addis Ababa. Located inside the Ethiopian Cargo & Logistics premises the newly built facility is dedicated to e-commerce mail and courier logistics services aimed at bridging logistical gaps and positioning Addis Ababa as the cross-border e-commerce logistics hub for Africa and beyond. Ethiopian Airlines Group CEO Mesfin Tasew said: The inauguration of this cutting-edge e-commerce logistics facility is a significant breakthrough for Ethiopian Airlines Group and the entire African economy. We have implemented high-end technologies in the infrastructure that revolutionize the way goods are transported and delivered in the e-commerce industry in Africa. Through this facility Ethiopian Airlines paves the way for development of e-commerce services in Ethiopia and the African continent. Built on...

Zamil Steel Pre-Engineered Buildings Company a subsidiary of Saudi-based conglomerate Zamil Industrial has clinched a significant contract from Bahri Logistics Company for the construction of the Bahri Bonded Zone complex at Jeddah Islamic Port. A leading initiative Bahri Bonded Zone is aimed at establishing a world-class logistics hub within the Kingdom of Saudi Arabia. It comprises an associated office building a mezzanine floor a warehouse a mechanical roof and other utility annexes. This marks a major milestone for the company further solidifying its position as a trusted partner for large-scale and complex logistics infrastructure projects in the Kingdom of Saudi Arabia said Nawaf Mohammed Al Zamil the President of Zamil Steel Company after signing the contract with Mohammed Mikwar the Contract Logistics Senior Manager at Bahri Logistics Company. d...

Four Winds Saudi Arabia Limited has launched solutions designed to make available international freight services within Saudi Arabia and Jordan effectively addressing the logistics challenges posed by the Red Sea crises. The new freight services provided include the establishment of new corridors as detailed below with the understanding that the expected times are contingent upon the completion of the necessary customs documents: From Jebel Ali Port in Dubai to Jeddah: 5 days. From Jebel Ali Port in Dubai to Riyadh: 3 days. From King Abdulaziz Port in Dammam to Jeddah: 3 days. From King Abdulaziz Port in Dammam to Riyadh: 2 days. From Jebel Ali Port to Jordan: 7 days. Nizar Al Mani CEO of Four Winds Saudi Arabia Limited said: As a one of the most trusted specialists in com...

The FIATA-RAME (Region Africa Middle East) Field Meeting & Conference in Dubai on March 5 and 6 will see over 1 000 industry leaders participate to chart a resilient course for the region s logistics sector. The National Association for Freight and Logistics (NAFL) and International Federation of Freight Forwarders Associations (FIATA) have revealed the key topics and programme of the event. The event will be hosted by NAFL this year under the patronage and presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum- Honorary patron of NAFL. The conference will take place under the theme Connectivity Resilience and Sustainability in Global Supply Chains and Trade providing a vital platform for knowledge sharing strategic discussions and actionable solutions. Revealing the key themes of the conference which will host the official FIATA RAME Meeting on day-one FIATA representatives sa...

The world s luxury yacht builders and makers of high-end marine crafts should continue to prioritise their eco-credentials if they re to ride the wave of a 13 billion market note key yacht makers. Speakers at this week s Dubai Boat Show Leisure Yachting Conference agree that boatyards which prioritise sustainable manufacturing into yachts that are better for the environment will align with the values of the new-age eco-conscious yacht owner or even first-time buyer a WAM report said. If they do so expect to see plenty of e-boats and hybrid electric propulsion vessels in the coming years cruising beautiful marine tourism hotspots including the Dubai Reef launched in 2023 one of the world s largest reef development projects which will span 600sqm of pristine Dubai coastline. Eco yachts ...

Adnoc Drilling one of the largest drilling and well completions company in the Middle East is advancing sustainability efforts through the adoption of mobile solar energy farms. These solar systems are deployed at remote worksites and accommodation supporting the company s commitment to decarbonization and reducing its environmental impact. The mobile solar energy farms operational and highly efficient provide power supply to meet the requirements of Adnoc Drilling s mobile camps. By replacing traditional generators these solar systems not only reduce noise pollution but also improve air quality by eliminating emissions. Adnoc Drilling s adoption of mobile solar energy farms is part of a broader strategy to incorporate renewable energy sources and advanced technologies enhancing operational efficiency while reducing the company s carbon footprint. -- OGN...

Alat a company powered by Saudi wealth fund PIF today (February 21) sealed global partnerships with leading technology companies - Softbank Group Dahua Technology Carrier Corporation and Saudi Technology and Security Comprehensive Control Company (Tahakom) - as part of its massive 100 billion investment plan to enhance technology capabilities in the kingdom by 2030. As per the deal Alat will deliver sustainable manufacturing to help these global companies reduce their emissions and move towards carbon zero manufacturing. An innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the kingdom Alat is quickly delivering its mandate by partnering with the world s leading corporations to innovate and transform industries with a commitment and focus on using clean energy. The comp...

Tethys Oil is continuing its operational activities on Block 58 onshore Oman. The preparations for the drilling of the first exploration well Kunooz-1 in the Fahd area are ongoing and a rig contract has been signed with Gulf Oilfield Services. The contract for the rig was signed with Gulf Oilfield Services (GOS) during a signature ceremony. Signatory on behalf of Tethys Oil was Dr Fredrik Robelius CTO and General Manager of Block 58. Signatory of GOS was CEO Ali Al Busaidi. The ceremony was attended by Magnus Nordin Tethys Oil s Managing Director. Gulf Oilfield Services SPC is fully owned by Kuwait Drilling Company KSC (KDC) and has been drilling in Block 7 Oman contracted with Hydrocarbon Finder E&P utilizing heavy rigs since May 2022. The company has achieved zero Lost Time Incidents (LTI) includi...

Arcapita Group Holdings Limited the global alternative asset manager based in Bahrd has announced a strategic collaboration with Rikaz a prominent large-scale real estate developer in Saudi Arabia for the development of a top-class logistics park - The Node - in capital Riyadh which is designed to meet the specifications of prominent international and regional tenants. Unveiling the project today (February 20) Arcapita said The Node is a 3-million-sq-m development that is poised to become Riyadh s premier logistics hub. The first phase of the project will cover an area of approximately 400 000 sq m that will house grade A warehousing facilities developed as per global standards by Arcapita and Rikaz for a variety of commercial tenants. Strategically located in eastern Riyadh the project will have easy access to King Khalid Inter...

Praesidiad a world market leader in force protection solutions has obtained a manufacturing licence and reached a commercial agreement with Al Kuhaimi Metal Industries during the World Defense Show. The manufacturing and commercial agreement was signed by Praesidiad s Chief Executive Dino Koutrouki and Mahmoud Al Kuhaimi Deputy Chairman Al Kuhaimi Metal Industries. This is an important step towards the launch of Praesidiad Arabia Ltd and part of Praesidiad s continued commitment and investment in Saudi Arabia. Long-term goal Koutrouki said: It has been a long-term goal for Praesidiad to invest in the Middle East region and compete in this exciting high-growth market. The innovation and development work we have put into a regional product offering that covers all hig...

National Shipping Company of Saudi Arabia (Bahri) has laid the cornerstone for a new logistics centre at Jeddah Islamic Port. This state-of-the-art facility which will cover a total area of 95 436 sq m will be managed by Bahri Logistics. It will offer multiple storage options in temperature-controlled areas handling services and other value-added services with the aim of enhancing logistics capabilities and supply chain in the Kingdom of Saudi Arabia enabling multinational companies to establish their logistics hubs in the Center. The cornerstone was laid today (February 18) in the presence of Engineer Saleh bin Nasser Al Jasser Minister of Transport and Logistics Services and Chairman of the Saudi Ports Authority The ceremony was also attended by Omar Hariri President of the Saudi Ports Authority (Mawani) and Engineer Ahmed Ali Al Subaey the CEO of Bahr...

Oil States a global provider of offshore systems downhole perforating and completions technologies has introduced a new portfolio of technologies for the Saudi Arabian market including the Stage Frac Tool for wellhead isolation the Active Seat Gate Valve the ActiveHub digital platform for remote wellsite monitoring and an MPD-Ready System for Jack-Ups. The Stage Frac Tool Active Seat Gate Valve ActiveHub and MPD-Ready Jack-Up Riser are showcased at the 2024 International Petroleum Technology Conference (IPTC) at The Dhahran Expo in Saudi Arabia. Throughout the conference Oil States will demonstrate the latest advancements in onshore and offshore oil and gas well completion and drilling solutions. These innovations help operators increase the efficiency performance and safety of their wellsite operations while allowing more complex wells to be drilled...

Red Sea Global (RSG) the multi-project developer behind the world s most ambitious regenerative tourism destinations The Red Sea and Amaala has awarded a contract to Naqel Express By SPL to provide labour and logistics services. Under this deal Naqel Express a fully-owned subsidiary of Saudi Post Logistics will operate all long-haul and local transportation services for The Red Sea. Additionally Naqel Express will provide labour logistics equipment and supply chain technologies. Today as our first hotels receive guests our focus is on the front-facing visitor experience. We also recognize the significance of having efficient and effective back-of-house systems said the Group CEO at Red Sea Global John Pagano. By joining forces with Naqel Express an industry leader renowned for its unwavering commitment to sustainability and quality we are confid...

Bahri Logistics has signed a Memorandum of Understanding (MoU) with GDC Middle East to collaborate in the field of freight forwarding services by leveraging the two companies expertise capabilities and resources. Bahri Logistics is a business unit of Bahri the national shipping company of Saudi Arabia and GDC Middle East is a Saudi Public Investment Fund (PIF) company specialising in aerospace engineering system solutions and operation and support. Eng Soror Basalom President of Bahri Integrated Logistics and Eng Muneer Bakhsh CEO of GDC Middle East signed the MoU on the sidelines of the World Defense Show 2024 being held in Riyadh from February 4 to 8. Crucial step Basalom said: Our partnership with GDC Middle East is a crucial step towards enhancing our capabilities and providing top-not...

The UAE Saudi Arabia and Qatar continue to rank among the world s top 10 emerging markets improving or holding steady in key areas while neighbouring Oman Bahrain and Kuwait lose ground in the 15th annual Agility Emerging Markets Logistics Index. The Index has been compiled by Transport Intelligence (Ti) a leading analysis and research firm for the logistics industry which has been involved in it since its launch in 2009. UAE No. 3 in the 50-country Index after China and India held its rank from 2023 as did No. 6 Saudi Arabia and No. 7 Qatar. Oman (15) Bahrain (16) and Kuwait (21) all fell in the rankings. In Agility s survey of 830 logistics industry executives respondents say Saudi Arabia and UAE are doing the most among GCC countries to accelerate economic diversification and lessen reliance on income from oil and gas. ...

Embarking on a journey of luxury and innovation Juffali Commercial Vehicles has taken a significant stride in redefining Saudi Arabia s transportation landscape. Renowned for its cutting-edge approach to automotive excellence particularly through its Special Vehicles division JSV the company has unveiled an exciting venture launching a dedicated luxury vehicle rental division. This strategic move not only addresses the burgeoning demand for upscale vehicle rentals but also aligns with the Kingdom of Saudi Arabia s vision to elevate and develop its thriving tourism sector. Juffali Commercial Vehicles a pioneer in automotive excellence especially through its Special Vehicles division JSV is recognized for its sophisticated and innovative approach to transportation. JSV prioritizes cutting-edge design presenting a diverse fleet encompassing vehicles from vans to buses seamlessly combining co...

AD Ports Group has announced that Noatum which leads its Logistics Cluster operations successfully closed the acquisition of 100% equity ownership of Sesé Auto Logistics for an enterprise value of EUR81 million ( 88.14 million). The acquisition which was approved by all relevant European regulators and closed today solidifies Noatum s commitment to providing comprehensive solutions across the entire logistics value chain in the automotive industry. The acquisition of the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé implies a trailing EV/EBITDA of 3.8x based on the company s Last Twelve Months (LTM) performance to December 2023 - revenue of around EUR106 million with EBITDA margin of 21%. Automotive logistics market normalisation Going forward No...

AD Ports Group has announced that Noatum which leads the Group s Logistics Cluster has launched Noatum Logistics Middle East the company s new brand that boosts its commitment to delivering market-leading logistics services. The new brand takes over from MICCO Logistics which has served the Abu Dhabi and the GCC markets with distinction for over four decades and which has been the freight forwarding arm of AD Ports Group s Logistics Cluster since the company s acquisition in 2020. With strong ties to the natural resources sector where it supported more than 80% of Abu Dhabi s total oil gas and petrochemical projects MICCO has served multiple industry sectors backed by an advanced fleet of over 400 vehicles. Service excellence With MICCO s consolidation into Noatum L...

Adnoc Drilling has celebrated a major milestone in its decarbonization journey with the first of its brand-new hybrid-powered land rigs commencing operations in Abu Dhabi. The new rigs use a high-capacity battery and engine automation. The hybrid power technology system stores energy in its batteries to use when there is a need for continuous power or to provide instant extra power when there is an increase in demand reducing a rig s greenhouse gas emissions by up to 15% compared to a traditional rig. In 2023 the company acquired 16 such rigs for a combined 327 million investment driving the organisation s accelerated rig fleet expansion programme. The remaining 14 newbuild rigs are expected to join Adnoc Drilling s operational fleet progressively throughout the year. The addition of these hybrid rigs to the fleet exemplifies the organisation s vision that growt...

SLB (formerly Schlumberger) one of the world s largest offshore drilling contractors has announced that it had secured several major contracts across GCC in 2023. Announcing its key project wins SLB said in the Kingdom of Saudi Arabia it had clinched the contract from Italian builder Saipem to deploy high-pressure shallow-water subsea Grove top entry ball valves Ring-O swing check valves and Ledeen actuators in Qatif Marjan Abu Safah and Safaniyah fields. As part of this the valves and actuators will be installed in shallow-water subsea lines that are critical for permanent downhole monitoring. In Kuwait SLB had been awarded a contract by the Kuwait Drilling Company (KDC) for deployment of the DrillPlan coherent well design and engineering solution on Delfi as the planning environment for its directional drilling services. ...

Dubai s Roads and Transport Authority (RTA) has signed two MoUs with regard to the development of a new and innovative transportation systems as part of the Dubai International Project Management Forum (DIPMF). The first MoU is to study the pontential for development of the Floc Duo Rail system a double-track system that allows transportation units to move quickly and efficiently. The second MoU is related to developing a rail bus system which travels on a bridge equipped with solar panels to generate the electricity needed to operate the system. The MoUs were signed with Urban-Mass Company a UK-based provider of zero emission mass transit mobility solutions and Rail Bus a start-up company based in Delaware US that creates the first 100% solar powered mass transportation system The si...

GN Rope Fittings a leading manufacturer of ROV mooring heavy lifting and rigging connections to the global oil and gas and offshore wind industries is increasing its manufacturing capacity by almost 40%. As it enters its 101st year in 2024 the company has produced an industry-changing trunnion shackle. The trunnion shackle which at 12 tonnes weighs around the same as two elephants was produced for CSBC-DEME Wind Engineering Co Ltd (CDWE) a joint venture between CSBC Corporation Taiwan and global solutions provider DEME Offshore. Now under the leadership of the fourth generation of the Vossenberg family work to increase the footprint of its factory in Nieuwkoop in the Netherlands is ongoing with construction expected to be completed by May 2024. Multiple challenges The facility is expanding by 40% in ...

After acquiring a 50% stake in Brazilian smart weapons and high-tech systems specialist SIATT UAE s Edge Group has announced major developments in the growth of the company over the next two years. Supported by Edge SIATT will expand its headquarters and manufacturing base in the city of São José dos Campos in the State of São Paulo from 1 000 sq m to approximately 7 000 sq m to accommodate new administrative and engineering offices as well as laboratories and production facilities. The company will also double its headcount to 200 highly-qualified full-time direct employees. Additionally is estimated to indirectly generate over 600 further positions including with highly technological partners and suppliers contributing to the development of the local talent pool and significantly contributing to the local economy. span style= font-size:1...

Conares the UAE s second-largest steel manufacturer has announced its commitment to achieving net zero carbon emissions by 2050. This pledge aligns with the UAE s ambitious 2050 environmental goals and reinforces the company s role as a trailblazer in sustainable manufacturing. Supported by a strategic roadmap Conares is set to achieve 50% of its net zero goals by 2040 and net zero by 2050. The manufacturer s commitment to contribute significantly to the UAE s ambitious target of a 93% reduction in carbon emissions by 2050 underscores its role as a pioneer in the steel industry. Conares has emerged as a leading green steel manufacturer in Dubai with cutting-edge steel plants in the industrial sector of Jafza. Conares and DP World Central to this sustainability endeavour is a colla...

DP World has signed multiple Memorandums of Understanding (MoUs) worth Rs250 billion ( 3 billion) with India s Gujarat state for developing new ports terminals and economic zones in the state. In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan President of UAE and Narendra Modi Prime Minister of India DP World Group Chairman and CEO Sultan Ahmed bin Sulayem exchanged MoUs relating to potential investments in Gujarat with M K Das Additional Chief Secretary Government of Gujarat during the Vibrant Gujarat Global Summit 2024 being held in Gandhinagar. The MoUs highlight Gujarat s prowess as a role model of development and the growth engine of the nation while leveraging its logistics and maritime infrastructure. Facilitating trade The MoUs underscore DP World&rsq...

Adnoc Drilling and Alpha Dhabi Holding has announced the incorporation of its strategic investment joint venture (JV) at Abu Dhabi Global Market. The JV will pursue global investments in energy technology and bolster tech-enabled energy services. As the inaugural investment Alpha Dhabi has contributed its 25 per cent equity stake in Gordon Technologies a leading provider of measurement while drilling (MWD) technology to the oil and gas industry in the US. The equity stake has been valued at circa 180 million. The establishment of this JV and the contribution of Gordon s 25 per cent share capital is expected to bring value accretive returns to both shareholders and will be synergistic with Adnoc Drilling s business. It will also support Adnoc Drilling s long-term dividend growth profile. Founded in 2014 Gordon is one of the leading MWD technology provider in ...

Aldar Properties a leading real estate developer investor and asset manager in the UAE will invest a further AED1 billion ( 272.27 million) to expand its logistics real estate business in Dubai and Abu Dhabi. Having first entered the logistics sector with the majority acquisition of Abu Dhabi Business Hub (ADBH) in 2022 this new investment includes the acquisition of operational assets as well as the development of ready-to-lease and build-to-suit options in response to strong demand for Grade A logistics facilities the company said. Marking its first logistics acquisition in Dubai Aldar has bought 7 Central logistics hub and an adjacent plot which once developed will almost double the current gross leasable area (GLA) of 19 000 sq m. The facility which was sold by Seven Seas Steel Industries is strategically located in Dubai Investments Park one of Dubai s most established industrial areas. ...

Saudi Ports Authority Mawani has boosted Saudi Arabia s logistics and maritime sectors in 2023 investing SR13 billion ( 3.47 billion) setting up 8 logistics parks and introducing 28 new maritime services. In order to enhance the attractiveness of Saudi investment ports Mawani signed agreements in 2023 to establish five new logistics parks and centres with investments exceeding SR4 billion. These agreements included the development of logistics parks at King Abdulaziz Port in Dammam an integrated logistics park at Jeddah Islamic Port and a comprehensive bunker station at King Fahad Industrial Port in Yanbu. Additionally Mawani laid the foundation stone for Maersk s largest integrated logistics park in the Middle East at Jeddah Islamic Port along with a logistics park at the same port in partnership with CMA CGM. Mawani also opened a new logistics park at Jeddah Islamic Port in collaboration with Lo...

Saudi Ports Authority (Mawani) strengthened the maritime and logistics sectors contributing to the kingdom s exceptional leaps in international indicators and solidifying its position as a global logistics center. In the logistics efficiency index by the World Bank the Kingdom climbed 17 ranks to reach the 38th position out of 160 countries said a statement from Mawani. The achievements included the establishment of 8 logistics parks the introduction of 28 new maritime services and the receipt of 7 regional and global awards it stated. According to Mawani these advancements align with the targets of the National Transport and Logistics Strategy (NTLS). The kingdom witnessed progress in various international rankings including container handling and logistics efficiency. It jumped 8 ranks in container handling reaching the 16th pos...

Saudi Ports Authority (Mawani) and Medlog the logistics arm of the Mediterranean Shipping Company have laid the foundation stone of a SR150 million ( 40 million) Integrated Logistics Park at Dammam s King Abdulaziz Port. The new park will have an area of 100 000 sq m with capacity of 300 000 TEUs annually. It aims to facilitate the growth of shipping connectivity and global logistics services and to raise the quality and efficiency of the services delivered to local and international customers across the kingdom a Saudi Press Agency (SPA) report said. The new logistics park will contribute to enhancing the competitive advantage of Dammam s King Abdulaziz Port and Medlog by providing quality logistics services that increase the private sector s contribution to supporting the wheel of economic development and increasing economic diversification. The foundatio...

Immensa Mena s leading additive manufacturing and digital warehousing company has achieved the milestone DNV Certification for the additive manufacturing of metallic parts according to the DNV-ST-B203 AM standard. A global gold standard the Certification is a significant competitive differentiator. It is a vital requirement for any Additive Manufacturing producer seeking to manufacture and deliver functional end-use parts to be installed by clients in the energy sector. Immensa is the also first company in the Mena region to be awarded the Certification. The Certification will significantly reduce the number of production part tests and contribute to faster lead times. Immensa anticipates the Certification scope to widen over the coming months to cover more of its materials systems and facilities and include the digitisation process. span style= font-size:16...

DP World s Jebel Ali Free Zone (Jafza) has signed an agreement with Transworld a global shipping and logistics solutions group for the construction of a 50 000 sq m dry and temperature-controlled distribution centre within the key development in Dubai. The hitech facility which will be developed by Jafza represents a significant expansion for Transworld that will nearly double its capacity in the region while expanding the logistics infrastructure in the Free Zone. Work on the warehouse is scheduled to begin early next year and is expected to be completed by 2025 with the expansion coming on the heels of Transworld Group opening its new Cold Chain Distribution Centre in Jafza earlier this year. The agreement was officially signed in the presence of Abdullah Bin Damithan CEO and Managing Director of DP World GCC; Abdulla Al Hashmi Chief Operating Officer Parks & Zo...

A leading provider of marine solutions P&O Maritime Logistics a DP World Company has received ISO 50001 accreditation from ABS QE becoming one of the first companies in the maritime industry to attain this certification. ISO 50001 is an internationally recognised standard that provides a framework for organisations to establish implement maintain and improve an energy management system. This standard is designed to help organisations follow a systematic approach in achieving continual improvement of energy performance including energy efficiency use and consumption. The accreditation achieved by P&O Maritime Logistics marks a significant step in its commitment to sustainability signalling a major advancement in energy efficiency and consumption reduction within the maritime industry. This achievement not only demonstrates the company s dedication to implementing best practices in energy...

RSA Cold Chain has signed a lease agreement with DP World to develop a new state-of-the art cold chain facility at the flagship trade and logistics hub of Jebel Ali. RSA Cold Chain is a joint venture of Dubai-based supply chain company RSA Global and Americold a leader in temperature-controlled warehousing and logistics which is based in Atlanta US. This new facility will be designed built and operated by RSA Cold Chain on a 100 000-sq m plot in the Jebel Ali Free Zone (Jafza). The facility will bring 40 000 new pallet positions to the port area while providing multi-temperature capabilities both bonded and non-bonded solutions and connectivity to DP World s best-in-class logistics solutions. Construction to start next year Construction of the new facility is set to begin in early 2024 with comple...

Kuwait-based Universal Islamic Food Industries (UIFI) has set up its new manufacturing unit in Ras Al Khaimah at an investment of around AED150 million ( 41 million). This modern facility located in the Al Hamra Industrial Zone over an expansive area of 350 000 sq ft said produce an additional 3 000 tonnes of processed food monthly which significantly exceeds the expected capacity of the ready-to-eat poultry meat and seafoods products. The new facility is designed to address the soaring demands of the regional consumer market. Staying abreast with modern trends and requirements the operations will encompass advanced manufacturing packaging warehousing and storage facilities setting a new benchmark in the processed food industry. The driving force behind this ambitious expansion is the company s vision to harness the...

DP World s Jebel Ali Free Zone (Jafza) has announced the successful completion of the first phase of its multi-tenant logistics warehousing facility Jafza Logistics Park being developed in collaboration with Group Amana a UAE-based design and build construction consultancy. The Phase I which covers a vast 562 507 sq ft area will boast a variety of facilities such as Grade-A Dry & Pharma storage units temperature-controlled warehouses and office space. This phase was leased completely before its completion showing the strength of demand for logistics and warehousing solutions said a statement from DP World. Jafza Logistics Park is a significant milestone in DP World s commitment to providing world-class logistics solutions to meet the growing demand for warehousing and distribution space in the region. The park is also equipped...

Savoye a leading global warehouse automation integrator has partnered with CJ Logistics a 3PL services company operating for iHerb to deliver world-class automation solutions for its e-commerce Global Distribution Centre (GDC) in KSA. The partnership is a significant development for Savoye in KSA following its recent expansion into the region. Under the terms of the partnership Savoye will implement a fully automated fulfilment centre the first-of-its-kind in the region which includes a X-PTS Goods-To-Persons (GTP) shuttle system Warehouse Execution Software (WES) Zone to Zone fast picking system and automated orders packing to process 15K orders per day. Savoye s flagship X-PTS shuttle technology will be central to the project serving as the foundation for an effective and ergonomic Goods-To-Person solution. Hi...

King Salman Energy Park (Spark) the leading energy industrial ecosystem has announced that Saudi energy giant Aramco has commenced operations of its Drilling and Workover (D&WO) main hub within the facility. The facilities spanning on area over 370 000 sq m will be home to more than 1 000 employees and is set to play a pivotal role in supporting the activities of Aramco s D&WO. A number of D&WO contractors and service providers have already established in SPARK and it is expected that more will localize their facilities in the energy hub to increase supply chain efficiencies and ease operations. The addition of Aramco Drilling & Workover reinforces Spark s commitment to localizing the energy value chain in the kingdom said a ttop official. Spark CEO Engineer Saif Al Qahtani said: We are excited to wit...

Ajex Logistics Services a Middle East specialist in express logistics and industrial solutions has sealed a partnership deal with Saudi Authority for Industrial Cities and Technology Zones (Modon) that will see the group operate expanded logistics services from the burgeoning industrial epicenter of Dammam. Marking yet another significant step in Ajex s growth since its launch in 2021 the agreement will see the Saudi-headquartered logistics firm operate warehousing facilities over a 6 000 sqm area at Modon. The units will be utilized for the warehousing of various goods including dangerous goods the storage of food and beverage as well as more general items. The partnership with Modon enhances Ajex s logistics capabilities in Dammam a core center for the kingdom s oil gas and industrial sectors and a fast-growing hub for non-oil related manufacturing ...

Saudi Logistics Services (SAL) has signed a contract with Saudi Ports Authority (Mawani) to establish a logistics park at Jeddah Islamic Port to build a logistics park at Jeddah port on a total area of 54 000 sq m as part of its efforts to enhance the kingdom s sea and air connectivity. This agreement is aligned with SAL s vision in becoming the logistics champion for a globally connected Saudi Arabia as well as the company s strategy to expand its offerings across the logistics sector. With cargo handling and logistics solutions this new facility will help SAL penetrate the fulfillment industry at large cementing its role as the National Logistics Champion said Mawani President Omar bin Talal Hariri after signing the deal with SAL Managing Director & CEO Faisal bin Saad bin Albedah at a ceremony held at Jeddah Islamic Port. This also comes as pa...

Adnoc Drilling Company the largest drilling firm in the Middle East has posted a robust third-quarter (Q3) net profit jump of 36% to 257 million on the back of growth across all segments bringing in revenue rise of 16% to 776 million. For the first nine months (9M) of 2023 revenue grew 14% year-on-year to 2.2 billion driven by increased activity and the expansion of Oilfield Services (OFS). During the same period net profit grew 24% year-on-year to 704 million and EBITDA grew 20% year-on-year to 1.06 billion. Third quarter EBITDA increased by an impressive 27% year-on-year to 381 million as a result of strong top line growth and effective cost management initiatives delivering an EBITDA margin of 49%. Effective strategy execution Abdulrahman Abdulla Al Seiari Chief Executive Office...

Leading Abu Dhabi entities - Adnoc Drilling Company and Alpha Dhabi Holding - have reached an agreement to establish a strategic investment joint venture that will invest up to 1.5 billion to acquire technology-enabled companies in the oilfield services and energy sectors. In this new venture Adnoc Drilling will own 51% of the stake with Alpha Dhabi holding the rest of 49% bringing together a market-leading drilling and OFS expert and a prominent UAE conglomerate with a proven track-record of fueling business growth in diverse sectors. Lunate Capital Limited will provide asset management support to the JV. Leveraging Adnoc Drilling s scalable technology ecosystem the JV will be jointly controlled by Adnoc Drilling and Alpha Dhabi and is empowered to invest in value-accretive businesses globally across the OFS and energy value chain. This will further develop and sc...

Emirates Development Bank (EDB) the key financial engine of UAE economic development will showcase its wide range of financing solutions for the food at agritech sectors at Gulfood Manufacturing 2023 from November 7 to 9. This will help enable SMEs and large corporates operating within sectors of strategic importance to contribute to the UAE s national development agenda including food security. EDB is inviting the Gulfood Manufacturing attendees to visit its stand for an overview of EDB s financing solutions and its proprietary Developmental Impact Scorecard which is a core component of how the bank assesses a company or project s eligibility for finance. Economic impact Alongside normal lending criteria EDB uses this scorecard to assess qualitative and quantitative economic impact such as G...

Abu Dhabi City Municipality through its Infrastructure and Municipal Assets sector has successfully carried out maintenance works for the asphalt and expansion joints for the road leading to the Abu Dhabi Airport new terminal on Sheikh Zayed bin Sultan Street in Abu Dhabi. Specifically those works covered the stretch from Sheikh Zayed bin Sultan Bridge to Yas Island Bridges Complex at a financial cost of AED 30.8 million. Sheikh Zayed bin Sultan Street in Abu Dhabi City is considered the main arterial road from and into the Emirate of Abu Dhabi and serves Abu Dhabi Airport new terminal primarily enabling travelers to reach their destinations conveniently safely and in the shortest duration possible. This project is part of Abu Dhabi City Municipality commitment to enhancing infrastructure components and improving and developing service facilities while adhering to t...

Arabian Drilling Saudi Arabia s national drilling champion is seeing an all-time high record backlog of SR12.7 billion ( 3.4 billion) and a solid 18% YoY increase in nine-month (9M) adjusted net income to SR422 million. Arabian Drilling closed Q3 23 with a consolidated revenue of SR920 million representing a 16% increase sequentially mainly due to the start-up of three additional offshore rigs (AD130 AD140 and AD150) on 5-year contracts. YTD Arabian Drilling achieved consolidated revenue of SR2 490 million representing a 27% increase YoY mainly driven by higher rig activity and higher prices more specifically in the Offshore Segment. EBITDA rises Q3 23 EBITDA was SR392 million with a margin of 42.6% representing a 20 bps increase QoQ. YTD EBITDA of SR1 050 mi...

Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics centre which will enhance delivery services for customers in the Northern Emirates. In line with HFZA s vision to bolster economic growth and innovation in the region the agreement supports Amazon UAE s commitment to investing in its presence across the country. Once launched the new centre will enable a seamless delivery experience across the Northern Emirates. HFZA s strategic location and infrastructure combined with over 20 years of Amazon s global technology and operational expertise will further scale convenience and reliability for customer orders said a top official. This collaboration with Amazon is more than a testament to our dedication it is a reflection of our commitment to shaping a lan...

KSA s Public Investment Fund (PIF) and Pirelli Tyre a leading global tyre manufacturer have signed a landmark joint venture (JV) agreement to build a 550 million giant tyre manufacturing facility in Saudi Arabia. The plant aiming to create a national and regional champion is expected to generate an annual production capacity of 3.5 million units bringing additional economic benefits and complemented by a commitment to environmental sustainability. The JV will also serve as an important anchor to attract further investment to Saudi Arabia. The plant is expected to start production in 2026. The JV will manufacture high-quality tyres for passenger vehicles under the Pirelli brand and will also manufacture and market tyres under a new local brand targeting the domestic and regional market. PIF to hold a 75...

Aspace a leading Hong Kong-based space company has announced plans to establish an advanced satellite manufacturing company in Saudi Arabia at a total investment of SAR1 billion ( 266.2 million). Aspace will manufacture components subsystems and satellites. Aspace obtained an investment licence at the ongoing Future Investment Initiative (FII) being held in Riyadh. The Ministry of Investment and Saudi Space Agency played a pivotal role in facilitating this process including offering investment support opportunities and identifying suitable manufacturing sites. This ultimately led to the completion of the first groundbreaking investment deal for the space sector. The Saudi authorities said all the investment procedures by Aspace have got complerted and it will soon roll out its operations. Aspace will benefit from the kingdom&...

GlassPoint a leader in decarbonising industrial process heat on Wednesday (Oct 25) announced that it it will build a solar manufacturing facility and technology showcase in the Eastern Province of Saudi Arabia in partnership with the Ministry of Investment of Saudi Arabia (MISA). At full capacity the factory will produce enough renewable energy solutions annually to generate 5 000 tons of solar steam each day enough to offset four million MMBtus of gas and reduce carbon emissions by 200 000 tons each year said a statement. Products manufactured in the facility will be used for projects in the metals & mining building materials and additional industrial sectors. Last year GlassPoint signed an MoU with the Saudi Arabian Mining Company (Ma aden) to develop the world s largest solar process steam plant. The manufacturing facility will also support tec...

GFH Financial Group has signed a deal to acquire a leading food services and logistics business in Saudi Arabia which has an enterprise value of SR500 million ( 133.29 million). The announcement was made at the 7th edition of the Future Investment Initiative today in Riyadh. The company which has demonstrated strong financial performance and maintained robust results through multiple business cycles boasts cross-country state-of-the-art integrated warehousing and supply chain operations an extensive premium product portfolio and a diverse base of 1000 blue-chip customers including renowned Horeca players and retail brands in the kingdom. Furthermore it enjoys long-standing relationships with 200 international aggregators and producers. Commenting Razi Al Merbati CEO of GFH Capital said: This transaction will come in line with GFH s strategy to invest in priority sectors aligned w...

NEOM a futuristic city being built in northwest Saudi Arabia on the Red Sea and DSV a global supply chain solutions leader have announced a 10 billion exclusive logistics joint venture to provide a full suite of ground sea and air logistics services to support the development of the ambitious projects taking shape in NEOM Saudi Arabia. The partnership will focus on providing logistics services for NEOM in the coming years said a statement. Under the agreement the joint venture will provide end-to-end supply chain management development and investments in transport and logistics assets and infrastructure as well as transport and delivery of goods and materials within NEOM. NEOM will hold 51% of the joint venture with DSV holding the remaining 49%. NEOM envisions unparalleled demand for construction logistics th...

NEOM a futuristic city being built in northwest Saudi Arabia on the Red Sea and DSV a global supply chain solutions leader have announced a 10 billion exclusive logistics joint venture to provide a full suite of ground sea and air logistics services to support the development of the ambitious projects taking shape in NEOM Saudi Arabia. The partnership will focus on providing logistics services for NEOM in the coming years said a statement. Under the agreement the joint venture will provide end-to-end supply chain management development and investments in transport and logistics assets and infrastructure as well as transport and delivery of goods and materials within NEOM. NEOM will hold 51% of the joint venture with DSV holding the remaining 49%. NEOM envisions unparalleled demand for construction logistics th...

The Saudi Ports Authority (Mawani) has signed an agreement with Saudi Global Ports (SGP) to build a fully logistics park in Dammam at a total investment of nearly SAR1 billion ( 266 million). The SGP operates two container terminals at King Abdulaziz Port in Dammam which is a joint venture between the Saudi Public Investment Fund the Singaporean PSA International Company and Al Balagaa Group . According to Mawani the park is designed to offer comprehensive logistics services and innovative solutions with a strong focus on sustainable practices and systems. It includes warehouses and yards equipped to store and handle all types of dry and refrigerated goods. Additionally the park features a bonded and re-export area specifically dedicated to sorting distribution operations and other value-added services it stated. div...

AIQ a technology pioneer focused on driving AI-powered transformation across industries has announced a new partnership with Bayanat an ADX-listed AI-powered geospatial technology company to develop a software application that will optimise and automate the processes involved in moving drilling rigs. The Rig Move Optimisation AI System by Bayanat which has already completed a proof of concept will revolutionise rig moves complex logistics and operational challenges to increase efficiency speed up processes and significantly reduce carbon emissions. The platform utilises advanced analytics to streamline rig movement operations through AI-enabled route optimisation and coordinate the movement of assets including rigs personnel and equipment across multiple drilling sites. By automating the scheduling process the software will provide real-time updates on rig availab...

KCA Deutag a leading drilling engineering and technology partner has continued to solidify its global presence with the award of 200 million of land drilling contracts (including options) in the Middle East and Latin America. In the Middle East the company has secured two separate five-year extensions for rigs in Saudi Arabia while in Oman one rig has received a two-year extension and another has been awarded a one-year extension with options to increase this to three years. These successes follow an announcement made last month for land drilling contract awards worth close to 380 million in this core region. Additionally in Latin America the company has secured a one-year contract for a rig in Ecuador and a rig in Peru has been awarded a short-term workover contract in the country. KCA Deutag completed the acquisition of 44 rigs from Saipem Onshore Drilling s Latin ...

Adnoc Drilling Company has announced an interim dividend payout of 358 million or 8.22 fils per share for the first half of 2023 which represents another 5% year-on-year increase. The interim dividend distribution will be on or around October 27 2023 to all shareholders of record as of October 19 2023. Adnoc Drilling Chief Executive Officer Abdulrahman Abdulla Al Seiari said: This continued growth in dividend reflects Adnoc Drilling s strong and visible cash flows and confidence in long term growth. Our ability to deliver highly attractive sustainable and growing shareholder returns is testament to our focus on profitability and cash flow with our customers growth plans and our own initiatives providing a solid pipeline of further growth in the coming years. During the first half of 2023 we have continued the rapid and unprecedented expansion of our fleet as w...

Zajel a leading name in the logistics industry has announced the creation of its new Freight Forwarding Department to deliver world-class logistics solutions to its clients covering air sea and land transport. Inaugurating the new department the company successfully transported a mega oil and gas shipment from Jebel Ali Port in the UAE to Iraq s Umm Qasr Port marking a significant milestone. The mega shipment weighed approximately 500 tonnes with a volume exceeding 5 000 cubic metres. Zajel s freight forwarding department was successful in transporting the delicate shipment using a combination of break bulk special equipments such as flat racks and open top containers in addition to standard containers. Redefining logistics The consignment was made up of various oil and gas equipments such a...

Adnoc has announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonisation of its operations. The announcement was made at Adnoc s 7th annual Business Partnership Forum held at Adipec the world s largest energy industry gathering taking place in Abu Dhabi. The new agreements outline the companies intention to locally manufacture products potentially worth up to AED10 billion ( 2.7 billion) in Adnoc s supply chain said a statement. The agreements support its target to locally manufacture AED70 billion ( 19 billion) worth of products in its procurement pipeline by 2027 as part of the Make it in the Emirates initiative. The agreements will stimulate industrial growth create more private sector jobs for UAE Nationals and strengthen the resilience of A...

Messe Frankfurt Middle East has launched a new logistics show which will take place from December 10 to 12 2024 at the Dubai World Trade Centre and is designed to drive the global logistics sector forward. Launched on the sidelines of Automechanika Dubai the logistics experiential showcase will take place alongside Automechanika Dubai providing natural synergies between the automotive industry and the various verticals within the logistics sector and capitalising on the UAE s position as the epicentre of the world s logistics sector bridging Africa the Middle East and Asia. During the launch a high-level leadership panel discussion entitled Pioneering the Future: Driving the MEA Transport and Logistics Sector Forward with Emerging Trends and Innovation in Logistics and Supply Chain outlined the challenges and opportunities within the sector and highlighted the importance of a...

Noatum which leads AD Ports Group s Logistics Cluster operations will acquire 100% equity ownership of Sesé Auto Logistics the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé for 81 million euros ( 84.76 million). The transaction is expected to be completed by Q1 2024 subject to regulatory approvals. The acquisition implies a trailing EV/EBITDA of around 3.5x based on the company s Last Twelve Months (LTM) performance to August 2023 - revenue of around 100 million euros with EBITDA margin of 22.5%. Going forward Noatum expects a normalisation of the European automotive logistics market which has been factored in the transaction business case. Sesé Auto Logistics is engaged in road and rail transport logistics of light and heavy vehicles operating from five main European countries namely Spain Germany Poland Czech Republic and Hungary wi...

Gulfood Manufacturing 2023 in November will be the largest-ever and is poised to take global food production through a smarter and more sustainable direction. The most influential annual F&B manufacturing event in the world will take place from November 7 to 9 2023 and will bring together over 2 000 exhibitors including the biggest global brands in F&B production to fill 15 halls Dubai World Trade Centre (DWTC) has announced. Away from the exhibition floor over 100 of the F&B industry s decision makers and the world s leading experts will be exploring the very latest trends in the industry and setting out strategies to capture business opportunities and address the challenges the industry faces. Top production players The industry leading trade event approaching its ...

The sustainable transportation landscape in Saudi Arabia is on the verge of transformation as the highly anticipated eActros 300 L 4x2 the first battery-electric truck from Mercedes-Benz makes its debut in the Kingdom. Juffali Commercial Vehicles the authorized General Distributor for Mercedes-Benz Trucks has unveiled this revolutionary heavy-duty electric truck marking a significant milestone in the pursuit of emission-free road transport of goods. Juffali Commercial Vehicles have had a long and successful relationship with Daimler AG dating back to 1974 when a joint venture between Mercedes-Benz Commercial Vehicles and E.A. Juffali & Brothers established the National Automobile Industry (NAI) in Jeddah to manufacture Mercedes-Benz commercial vehicles in Saudi Arabia. Launching eActros in Saudi Arabia signifies a significant milestone for sustainable transportation in the area. This reinforces our commitment ...

The Middle East Reverse Engineering & Additive Manufacturing (ReAM) Show 2023 served as a beacon of innovation and collaboration showcasing the limitless potential of additive manufacturing across diverse industries. The event that took place at Festival Arena by InterContinental Dubai UAE from September 25 to 27 2023 concluded leaving attendees and participants enthralled with its diverse range of knowledge-sharing sessions international representation and innovative technologies on display. With over 30 countries represented including China Italy the GCC 70 participating companies as Dubai Municipality Canadian Business Council Dubai and Northern Emirates PWF Doose 2B Digital and a staggering 1 000 participants and visitors ReAM 2023 surpassed expectations in becoming a global hub for additive manufacturing and 3D printing enthusiasts. span styl...

KCA Deutag a leading drilling engineering and technology firm has secured land drilling contracts and contract extensions worth 379 million with existing and new customers in Saudi Arabia Oman and Pakistan. The awards span key markets in the Middle East solidifying KCA Deutag s position as a leading land drilling contractor in the area. In Saudi Arabia KCA Deutag has been awarded contract extensions and an equipment upgrade project with a combined value of 292 million. The contract extensions amount to a total of 23 years of additional work across four rigs while the equipment upgrade project includes the delivery of mechanised catwalks on two rigs to improve safety and operational performance. Contract extensions in Oman Further success in Oman has seen the company extend two existing cont...

The newly-expanded manufacturing facility of Dallaspresso a producer of localised compressed coffee and tea capsules was opened in Sitra Bahrain a report in BNA said. Abdulla bin Adel Fakhro Minister of Industry and Commerce inaugurated the facility and said that supporting national industries encourages the competitiveness of the local products which in turn ensures the diversification and sustainability of the economy. The minister in the presence of Sameer Abdullah Nass BCCI Chairman said the initiative is in line with the vision of the industrial sector strategy (2022-2026) to increase the industrial sector s contribution to the GDP and exports of national origin in order to achieve sustainable development and provide new opportunities for investment and export. Dallaspresso was founded locally in 2016 led by Ali Mohsen who presented the first product of Arabic and Turkish coffee capsules and local &quot...

GWC the leading logistics provider in Qatar has announced the successful launch of Phase-2 of GWC Al Wukair Logistics Park the QR1.5 billion ( 410 million) landmark 1.5 million-square-metre integrated logistics hub. Phase-2 comprises more than 500 units designed and optimised for warehousing retail and light industrial workshops operations. These units feature highly competitive leasing rates making them accessible to businesses of all sizes. Since its inauguration in early 2022 the GWC Al Wukair Logistics Park has been making waves of success for a multitude of MSMEs. The launch of phase-2 further affirms our continuing quest for growth and contributing to the realisation of Qatar National Vision 2030 said GWC Chairman Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al Thani. Generous spacing di...

FedEx Express (FedEx) the world s largest express transportation company has been recognised as the Logistics Company of the Year at the 2023 Logistics and Transport Awards. FedEx was chosen for its well-established network sustainability initiatives and integration of technology within its broad portfolio of transportation and e-commerce services. This recognition is a testimony to our commitment to innovating how we deliver excellence for our customers. We continue to find new ways to meet our customers evolving needs including making our operations more environmentally sustainable as well as using technology to deliver outstanding digital experiences and differentiated solutions for businesses to compete in the global marketplace said Taarek Hinedi vice president of FedEx Express Middle East and Africa operations. ...

Abu Dhabi is investing AED10 billion ( 2.7 billion) in six programmes to more than double the size of its manufacturing sector to AED172 billion. This will create 13 600 skilled jobs and increase the emirate s non-oil exports to AED178.8 billion by 2031 officials said. The programmes include Talent Development Ecosystem Enablement Industry 4.0 Circular Economy Homegrown Supply Chain and Value Chain Development said Eng Arafat Al Yafei Executive Director of the Industrial Development Bureau (IDB) One year after launching Abu Dhabi Industrial Strategy (ADIS) the number of new industrial licences grew by 16.6% and total capital investments by manufacturers operating in the emirate have increased by AED12.42 billion to AED384.06 billion by end of June 2023. Working closely W...

Saudi Arabia s Economic Cities and Special Zones Authority (ECZA) has given Lucid an operating licence for its manufacturing unit established at King Abdullah Economic City (KAEC). The permit was handed over at a ceremony organised at the ECZA office in KAEC. The commencement of operations at the production unit of Lucid a pioneering US-based e-vehicle company that utilises innovative and sustainable technologies to design and produce luxury cars in Saudi Arabia marks a major milestone in the nation s efforts to transform itself into a global e-vehicle manufacturer a Saudi Press Agency report said. The state-of-the-art facility spans an area of over 1.35 million sq m occupying about 31% of the total area of the KAEC SEZ s auto hub a designated area allocated for the automotive industry. Strengths fo SEZs /spa...

The World Health Organization (WHO) has released an innovative interactive report that provides insights into the vast operations and global impact of the UN agency s logistics hub in Dubai United Arab Emirates. The report reveals the logistics hub s impressive ability to provide support on an unprecedented scale and its swift adaptable response to humanitarian crises. This reinforces its vital role in emergency response efforts across the WHO Eastern Mediterranean Region and beyond. Lifeline for millions The supplies delivered by WHO s logistics hub in Dubai have been a lifeline for millions across the world. We thank our donors the International Humanitarian City in Dubai the Government of Dubai the Government of the United Arab Emirates other United Nations organizations and the WHO country offices for their collaborative efforts in ensuring this coordination action and solidarity said Dr Ahmed...

Adnoc Drilling a subsidiary of the Abu Dhabi National Oil Company (Adnoc) is significantly expanding operations and fleet. Last week it added three high-spec jack-up rigs to its fleet. The Yas Ramhan and Salamah have arrived in UAE waters ready to join the operational fleet. A few days earlier the company sent an upgraded jack-up rig Al Danat offshore. This rig which was upgraded at a Dubai shipyard is the first of several new rigs that will join Adnoc Drilling s rapidly expanding fleet this year. The Al Danat is a BMC-400 Pacific class rig type and can operate in water depths of up to 121 meters. It holds a crew of 150. These rigs are part of the company s fleet expansion programme which aims to deliver new rigs for its customers and solidify Adnoc Drilling s position as the owner of one of the world s largest operat...

ABB has partnered with Porsche Consulting a leading management consultancy and a subsidiary of the sports car maker to reshape analyser manufacturing solidifying ABB s position at the forefront of the analyser market. The collaboration drives the deployment of a mixed-model production line for ABB s process and laboratory analysers manufactured in Canada leveraging best practices from the automotive industry. The new production line offers optimised logistics quality control and operations management leading to 100% increase in output within the same floor space and more than 30% decrease in lead times. Change management During the project every aspect of the manufacturing process from the production line setup and logistics to quality control methods and operations management princ...

Fertiglobe has signed a non-binding Memorandum of Understanding (MoU) with AD Ports Group to explore logistics and supply chain opportunities for storing and shipping urea and ammonia at ports in Egypt and the UAE. The two companies will explore opportunities to leverage AD Ports Group s state-of-the-art cargo handling and storage infrastructure as Fertiglobe the strategic partnership between Adnoc and OCI Global strengthens its urea and ammonia storage and shipping capabilities reduces its greenhouse gas (GHG) footprint enhances operational efficiency and further automates its logistical activities. Ahmed El-Hoshy CEO of Fertiglobe commented: We are pleased to partner with AD Ports Group a UAE national champion and a global leader in maritime trade and logistics. Through this MoU we will identify compelling opportunities across our logistics and supply chain management requirements enabling ...

Adnoc Drilling celebrated the sailing out of Al Danat a premium high-spec Jack-Up upgraded at a Dubai shipyard as part of their fleet expansion program to meet customer demand and drive growth. Al Danat is the first of a number of new rigs that will join Adnoc Drilling s rapidly expanding fleet this year. The rig is a BMC -400 Pacific class rig type and holds a crew of 150 and can operate in water depths of up to 121 metres of water. -TardeArabia News Service ...

Avalon Pharmaceuticals one of the fastest growing home-grown pharmaceutical companies in Saudi Arabia has announced plans to continue its growth and investment trajectory with the opening of its fourth manufacturing plant Avalon 4. Anticipated to launch by 2026 Avalon 4 will be located in the industrial city in Riyadh and will focus on different forms of complex and high-tech medications such as oncology and general injectables differentiating it from factories Avalon 1 2 and 3 whose respective focuses are normal forms of prescription medications health and personal care products and medical devices. With its origins in Saudi Arabia Avalon Pharmaceuticals has a storied 25-year history within the Kingdom marked by its pursuit of excellence in the health beauty and prescription medicine sectors. With the company s emphasis on innovation research and development Avalon today owns a bro...

Motherson one of the largest global companies specialising in manufacture of wiring harnesses for commercial and other special-purpose vehicles has opened its new facility in Ras Al Khaimah Economic Zone (Rakez). The company which has base in 41 countries across five continents employs over 180 000 people and is a key supplier to German Spanish French US Japanese and Indian automotive manufacturers. This is Motherson s eighth facility in the region with others located in Dubai and Sharjah said a statement from the group. The new plant was inaugurated by HH Sheikh Saud bin Saqr Al Qasimi Supreme Council Member and Ruler of Ras Al Khaimah today in the presence of other senior officials including Rakez Managing Director Sheikh Mohammed bin Humaid Al Qasimi Motherson Chairman Vivek Chaand Sehgal. Sheikh Saud said the emirate ...

FedEx Express (FedEx) recently joined industry leaders at the Landmarks in Logistics forum in Saudi Arabia as the official Platinum Sponsor. With the goal of connecting businesses to global possibilities FedEx discussed regional and global trends new innovations and challenges shaping the logistics and supply chain industry in Saudi Arabia. Zaid Khammash Managing Director Operations at FedEx Express was a keynote speaker at the summit. In his address he highlighted the need to align the logistics industry s goals with the three key trends influencing business growth: digitisation e-commerce and sustainability. Digital intelligence Emphasis was laid on the use of digital intelligence digital apps and online payment systems to create smart logistics that can help navigate the dynamic landscape of e-com...

Brands For Less (BFL) Group has announced the launch of its first SR60 million ( 16 million) Brands For Less Group Logistics Distribution Centre located at Sudair City for Industry and Businesses in Riyadh Saudi Arabia. The state-of-the-art facility will manage the Group s strategic executions and assist in managing retail operations. This will mark a significant leap in its mission to provide top-notch products and services to meet the evolving demands of the Saudi market. A significant milestone in the company s expansion strategy the establishment of this the Logistics Distribution Centre has been marked by a signing ceremony between Majed Al Argoubi CEO of MODON and Toufic Kreidieh Executive Chairman & Group CEO of Brands For Less Group at the MODON Head Office. Fully-automated system T...

HRH Prince Mohammed bin Salman bin Abdulaziz Crown Prince Prime Minister and Chairman of the Supreme Committee for Transport and Logistics has launched the kingdom s Master Plan for Logistics Centres. It is is mainly aimed at developing the infrastructure of the kingdom s logistical sector as well as greatly enhancing the status of KSA as a leading investment and a global logistical hub reported SPA. Unveiling the strategy Prince Mohammed said it was part of a package of ongoing initiatives set as targets by the National Transport and Logistics Strategy (NTLS) with the aim of developing the logistical sector to support the economy increase the local regional and international connections of the international trade networks and global supply chains. The Master Plan for Logistics Centers involves the development of 59 centres over a total area of more than 100 ...

Saudi-based Gas Arabian Services Company (GAS) has signed an agreement with Tubefit Engineers a leading Indian group specialising in design engineering and manufacturing of industrial valves to set up a new venture for manufacturing a wide range of instrumentation fittings and valves. The new company Tubefit Arabia Factory will be set up at an investment of SR5 million ( 1.33 million) in Saudi Arabia said GAS in its filing to Saudi bourse Tadawul. The lion s share of 53% in the company will be held by Tubefit Engineers while the rest 47% ownership will remain with GAS. GAS will finance its share of this investment totaling SR2.35 million from its own resources it stated in the filing. Tubefit Arabia Factory is expected to have a positive overall financial impact on GAS in the long term the company said in its filing to Saud...

Drilling Systems a World-leading provider of advanced drilling simulation technology part of training technology and simulation solutions leader 3t Energy Group has launched a next-generation DrillSIM Downhole model to support realistic training for geothermal applications. The model is now implemented for the first time at the Drilling Simulator Celle (DSC) a research facility of Clausthal University of Technology (TUC) in Germany. Building on the operational success of the DrillSIM simulator this next-generation downhole model will further enhance the research and development capabilities of new and existing DrillSIM simulators to allow delegates to practice complex operations such as directional drilling kick tracking and stuck pipe in a highly realistic and detailed virtual environment. Its new and improved key features include additional real-world data modelling an...

Bentley Systems Incorporated the infrastructure engineering software company today (August 16) announced the acquisition of Blyncsy provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. The digital twin ecosystem focus of Bentley s iTwin Ventures portfolio is bolstered by accelerating the development and propagation of such broadly valuable infrastructure asset analytics. Founded in 2014 in Salt Lake City Utah by CEO Mark Pittman Blyncsy applies computer vision and artificial intelligence in analyzing commonly available imagery to identify maintenance issues on roadway networks. Pittman originally conceived the idea for the company while stuck at a traffic light believing there had to be ways to combine real-time condition data and innovative technologies t...

Leading maritime services provider P&O Maritime Logistics has secured an exclusive towage contract with DP World in the Dominican Republic which will increase the volume and size of vessels calling at the Port of Caucedo. The contract which starts on December 7 will see P&O Maritime Logistics deploy three tugs to support operations at Caucedo which has a capacity to handle up to 2.5 million twenty-foot equivalent units (TEUs). Two of the tugs are new builds and all three will be equipped with market leading capabilities helping facilitate higher frequency and the handling of larger vessels. This is in addition to Oil Spill Response and Firefighting capabilities. Growth strategy The new contract is part of P&O Maritime Logistics growth strategy in the Americas. Located near the capital Santo ...

Arabian Drilling Company has announced that Aramco has extended several onshore and one offshore rig contracts worth about SR3 billion ( 800 million) due to expire in 2023 for periods ranging from 3 to 10 years. Ghassan Mirdad Chief Executive Officer of Arabian Drilling the onshore and offshore drilling champion in Saudi Arabia commented: We are very pleased with the trust placed in us by our customers in extending some of our land and offshore rigs contracts. In particular the 10-year extension is an important milestone it will give us good visibility and avenue to prove we can deliver outstanding performance year on year. We continue to see a positive outlook in the market and pursue our growth strategy while remaining focused on achieving the highest Health Safety and Environment standards across our operations. -- TradeArabia News Service &...