Analysis Transport Saudi Arabia’s EV ambitions face ‘chicken and egg’ dilemma Few of the car enthusiasts who attended Tesla’s launch in Riyadh last month arrived in electric vehicles. Hundreds turned out for the much-heralded opening event in Riyadh, an indication that the furore around the Tesla brand and its owner Elon Musk has not crossed the Atlantic. Despite this, public enthusiasm for electric vehicles (EVs) in […] April 28, 2025
Logistics CEO of Dubai’s logistics company Aramex resigns Othman Al-Jeda, group CEO of Dubai-listed logistics company Aramex, has resigned, the company said in a filing to the Dubai Financial Market on Thursday. Othman resigned “for personal reasons”, the company said, adding that the board of directors has appointed current chief financial officer Nicolas Sibuet as acting group CEO effective April 24. Nicolas joined […] April 24, 2025
Food & Drink UK company enters Dubai’s crowded rapid-delivery market Despite the congestion – in the market and on the streets of the UAE’s most populous city – yet another competitor, UK company Zapp, is entering Dubai’s rapid-delivery market. This is evidence there is still room for growth, analysts say. Zapp focuses on rapid grocery deliveries from its own so-called dark stores. A dark store is […] April 15, 2025
Analysis Logistics Fujairah’s grand plan could fall victim to tariff shock The emirate of Fujairah’s plans to expand its storage facilities and develop cleaner fuels and petrochemical production may be delayed as a result of the impact of tariff-led global trade tensions, according to a local authority. After Singapore and Rotterdam, Fujairah is the largest so-called “bunkering”, or ship-fuelling, port. It lies almost immediately outside the […] April 15, 2025
Logistics Outbound containers drive bumper March for Saudi ports A significant increase in the number of exported containers from Saudi Arabia helped drive a spike in volumes for ports across the country, according to the Saudi Ports Authority (Mawani). Exported containers rose 32 percent in March compared with the previous year. 280,341 20-foot equivalent units (TEUs), a common industry measurement, were exported compared to […] April 14, 2025
Logistics Morocco seeks operator for Africa’s largest shipyard Morocco is seeking global companies or consortiums to run what it says will be Africa’s largest shipyard in Casablanca, according to a news report. State-owned National Ports Agency issued a tender last week, inviting bids from shipyard operators to develop, equip and operate the 52-acre facility for 30 years, Bloomberg reported citing communications director Abdellatif […] April 14, 2025
Logistics Oman targets $5bn investment with port expansion Oman’s Sohar Port and Freezone is seeking to draw in billions of dollars in additional investment, as the first phase of the project nears full occupancy, according to a media report. The expansion will increase annual throughput to more than 2.5 million tonnes of cargo, over $5 billion in investment and an addition of 500 […] April 14, 2025
Logistics Emirates to squeeze more from fleet with parcel deliveries Emirates has launched a premium package delivery service to open up new streams of revenue from its existing fleet and compete with the likes of DHL and Fedex for a share of a market worth nearly $500 billion. “Just like passengers, packages will travel from origin to destination directly,” the airline said in a press […] April 11, 2025
Logistics DP World starts work on expanding Canada port terminal Dubai ports operator DP World has started construction on the Duke Point Terminal expansion in western Canada, enhancing Vancouver Island’s connectivity and trade with international markets. Once completed, the terminal’s berth length will nearly double from 182m to 325m, while cargo handling capacity will expand to 280,000 twenty-foot equivalent units annually, the state-owned company said in […] April 8, 2025
Logistics AD Ports moves ahead with Angolan port upgrade State-controlled Abu Dhabi ports operator AD Ports Group is to upgrade Angola’s largest port as it expands its reach in Africa, the company said in a statement. The company has appointed UAE-based Mar Construction Civil & Obras Publicas to design and build the port’s infrastructure, the statement said. Additionally, the company has engaged Lebanon-based Dar Al […] April 7, 2025
Infrastructure Turkey to tender rail project under Development Road plan Turkey plans to float a tender for a new rail project that is part of the Development Road Project, a new freight link planned between Asia and Europe, according to a news report. The tender will be issued in the coming months, Daily Sabah newspaper reported, citing transport and infrastructure minister Abdulkadir Uraloğlu. Ankara is […] March 31, 2025
Logistics ADX-listed Agility targets $130m dividend payout Logistics company Agility Global has proposed a final dividend of $65 million for 2024, taking the total payout to $130 million, reflecting a healthy growth in earnings last year. The company paid a $65 million dividend in December 2024, with a further $65 million set to be approved at the upcoming general assembly for approval, […] March 26, 2025
Logistics Danish logistics partner rues Neom delays Denmark’s DSV A/S, one of the world’s largest freight and logistics companies, said that expected profit from a $10 billion joint venture with Saudi Arabia’s state-backed Neom will be slower in coming than previously forecast due to delays in the so-called giga-project. Neom is a $500 billion futuristic desert city project on Saudi Arabia’s northern […] March 21, 2025
Opinion Logistics Trust is paramount as Gulf states deepen African investment Legal disputes and infrastructure challenges could test long-term relations March 19, 2025
Logistics $1bn investment to advance Saudi Arabia’s logistics ambitions Saudi-listed Sal Logistics Services and master developer Sela have agreed to develop a logistics zone north of Riyadh. SAL Logistics Zone in Falcon City will cover more than 1.5 million square metres and will be developed at a cost of SAR4 billion ($1 billion), the companies said in a joint statement on Tuesday. The logistics […] March 18, 2025
Logistics Red Sea insurance rates to stay firm amid attack fears The cost of shipping goods through the Red Sea is expected to remain steady after the US carried out further airstrikes on Yemen on Monday. The US action added to fears of new attacks on ships by the Iran-aligned Houthis targeted by Washington, industry sources said. Responding to the Houthi movement’s threats to international shipping, the […] March 18, 2025
Logistics Kuwait’s Agility pays out $30m over scrap site dispute Kuwaiti logistics company Agility Public Warehousing has paid out nearly KD9 million ($29.2 million) after losing a 2021 court case over leasing a plot of land in Kuwait used as a scrap site. “With this payment, the company will have fully executed the aforementioned ruling in favour of the Public Authority for Industry,” Agility said […] March 17, 2025
Logistics DP World raises 2025 capex to develop global assets Dubai-headquartered DP World intends to increase its capital expenditure this year to upgrade its global assets despite geopolitical challenges. DP World’s Capex reached $2.2 billion in 2024 compared with $2.1 billion in 2023, the state-backed ports operator said in a statement published on Nasdaq Dubai. Capex for 2025 is set at $2.5 billion, primarily targeting […] March 13, 2025
Logistics ADQ takes majority stake in Dubai-listed Aramex ADQ, the third-largest of Abu Dhabi’s sovereign wealth funds, has become a majority shareholder in Dubai-listed logistics company Aramex. The fund now owns 58 percent in Aramex following a voluntary tender offer, which includes 23 percent owned by its subsidiary, AD Ports Group, and 35 percent bought from previous shareholders, ADQ said in a statement on Tuesday. […] March 11, 2025
Opinion Logistics GCC is ‘beacon of resilience’ but more challenges are coming Economic plans have remained intact through all the geopolitical disruptions of the past year March 5, 2025
Transport Asyad Shipping raises $333m from Muscat listing Asyad Shipping, an Omani state-run company, has raised OMR128 million ($333 million) in an initial public offering of a fifth of its shares on the Muscat stock exchange, the company said in a statement. Based on the final offer price of 123 baisas per share, the company’s market capitalisation on listing will be OMR641 million […] March 5, 2025
Transport Parkin proposes $77m dividend for second half 2024 Parkin, the Dubai government’s parking management company, plans to pay a final dividend of AED281 million ($77 million) for the second half of 2024, the company said in a statement. The dividend payout is subject to shareholders’ approval at the annual general meeting planned by March-end. An interim dividend of AED199 million was paid by […] February 28, 2025
