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Logistics news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

QatarEnergy and Korean shipyard HHI signed a deal for LNG carriers

QatarEnergy awards $3.9bn contract to Korean shipyard

State-owned QatarEnergy has signed a QAR14.2 billion ($3.90 billion) contract with South Korean shipyard HD Hyundai Heavy Industries for the construction of 17 liquefied natural gas carriers. The deal marks the start of the second phase of the state-run energy company’s LNG ship acquisition programme, which will support expanding its LNG production capacity from the […]

SAL, based in Jeddah, reported three-year compound annual growth of 20% in 2022

Saudi Logistics expects to raise $678m from IPO

Saudi Logistics Services Company (SAL) will raise SAR2.54 billion ($678 million) from its initial public offering after disclosing an indicative price range. The price range was set between SAR98 and SAR106 per share, the company said in a statement. The logistics business is 70 percent owned by Saudi Arabian Airlines Corporation (Saudia) and 30 percent […]

Government agency Anesrif is seeking companies to build 575km of railway to the mine in the western Tindouf province

Algeria’s rail tender aims to boost iron ore mining sector

Algeria has issued a construction tender for a rail project that the government hopes will unleash the potential of an iron ore mine in a remote province. Anesrif, a transport business set up by the government to expand and modernise the railway system, is seeking companies to build a 575km section to the Gâra Djebilet […]

SAL is owned by Saudi Arabian Airlines - Saudia - and Tarabot

Saudi logistics company SAL announces IPO

Saudi Logistics Services Company – known as SAL – said on Tuesday it would launch an initial public offering of 30 percent of its shares on the Saudi market. It was not clear when the SAL IPO will take place. A statement said the price of each of the 24 million shares would be determined […]

Saudi Crown Prince Mohammed bin Salman Al Saud, US President Joe Biden and Indian Prime Minister Narendra Modi shake hands at the G20 summit in New Delhi

India-Middle East-Europe transport link announced

World leaders have announced a shipping and rail transportation corridor linking countries across the Middle East, South Asia and Europe at the G20 summit in New Dehli, India, on Saturday. The India-Middle East-Europe Economic Corridor (Imec) aims to integrate railway routes and link ports along a route spanning from India to Europe, through the UAE, […]

The UAE government's head of cybersecurity Dr Mohammed Al Kuwaiti. The organisation says it is foiling 50,000 cyber attacks a day

Logistics companies targeted in latest global cyber fraud

Logistics companies in the Middle East and Africa are being targeted by a worldwide scam that impersonates businesses’ websites in order to defraud consumers. According to Group-IB, a global cybersecurity company based in Singapore, the fraud – known as Classiscam – has targeted 251 brands in 79 countries. This includes 15 countries across Middle East […]

The new funding will add another 25-30 million sq ft to IndoSpace’s logistics portfolio across India

Qatar leads $150m funding for Indian industrial park fund

Qatar Investment Authority (QIA) has led the $150 million fundraising round for the new fund of IndoSpace, which develops grade-A industrial and logistics parks in India. QIA is the world’s 10th largest sovereign wealth fund with $475 billion of assets under management, the Sovereign Wealth Fund Institute said in May. The fundraising round also included […]

DP World has announced a critical expansion plan that will take its total gross capacity to 93.6 million TEUs

DP World to hire banks for 10-year debut green sukuk

DP World intends to issue its first 10-year US dollar-denominated benchmark-sized green sukuk, as the ports operator expands its global reach. The Dubai-based company held investor meetings on September 4 and 5, Reuters reported, citing a bank document. Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, J.P. Morgan and […]

DP World Yarimca Port and Turkey’s Evyap Group

DP World signs partnership with Turkish port operator

Global port operator DP World has signed a partnership deal to strengthen its position in Turkey. The equity agreement between DP World Yarimca Port and Turkey’s Evyap Group will secure supply chain services in the critical Marmara gateway market. The transaction remains subject to regulatory approvals. Once complete, DP World will own 58 percent of […]

DP World investing $510m to build container port in India

Global ports operator DP World will invest $510 million to build, operate and maintain a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. “It will enable the delivery of trade opportunities by connecting northern, western and central India with global markets,” Sultan Ahmed bin […]

Saudi Crown Prince Mohammed bin Salman said the new logistics plan will boost partnerships with the private sector. 21 logistics centres are already under construction

Saudi Arabia to build 59 logistics centres by 2030

Saudi Arabia will have 59 logistics centres by 2030, as the kingdom aims to transform itself into a global logistics hub. Crown Prince Mohammed bin Salman unveiled the masterplan for the centres as part of ongoing initiatives under the national transport and logistics strategy. The 59 centres will have a total area of more than […]

Suez Canal traffic unaffected after tanker collision

Shipping traffic was flowing normally on Egypt’s Suez Canal on Wednesday, two shipping sources based in the country said, after two tankers that collided earlier were separated. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided in the canal, ship tracking company […]

UAE non-oil foreign trade

DP World’s profits drop despite revenue rise

Port operator DP World has reported a drop in profits for the first six months of the year by almost 10 percent, despite revenues increasing by 14 percent. Profit attributable to the UAE multinational logistics group in H1 was down 9.7 percent at $651 million from the same period in 2022, when it posted a […]

Three new ship-to-shore cranes, part of a $218m modernisation programme, arrive at DP World in Antwerp, Belgium

DP World reveals expansion plans at critical ports

Port operator DP World has announced plans to expand capacity across critical global markets as it responds to growing demand. The Dubai-based company expects to add 3 million 20-foot equivalent units (TEUs) of new container handling capacity by the end of the year. DP World – which manages 9 percent of the world’s handling capacity, […]

Kramer Group CEO André Kramer and Qterminals CEO Neville Bissett

Qatari firm buys majority stake in Rotterdam port

Qatari port operator QTerminals Group has acquired Kramer Group’s majority stake in the Netherlands’ Port of Rotterdam. The Port of Rotterdam is the largest port in Europe and is a significant addition to QTerminals Group’s plan to diversify its operations.  QTerminals is 51 percent owned by Qatar Ports Management Company and 49 percent by Qatar […]

Aramex's focus in the second half of the year will remain on reducing costs and improving efficiencies on operating expenses

Aramex earnings plunge 57% in Q2 on softening volumes

The net profit of Dubai-based courier company Aramex fell to AED18.96 million ($5.16 million) in the second quarter of 2023, down 57 percent compared to AED44.56 million in the same period last year. Revenue slipped on a global industry trend of softening volumes, declining eight percent year on year to AED1.39 billion. This was partly […]


UAE firm to open $136.2m spare parts hub in Jafza

UAE-based Neweast General Trading has leased land at Jebel Ali Free Zone (Jafza) to set up the largest spare parts distribution hub in the Middle East and Africa. The company plans to invest AED500 million ($136.2 million) to transform the 165,000 sq m space at the free zone. Construction of the new hub is on […]

DP World shipping polluters taxation

Call for shipping polluters to pay for their emissions

UAE multinational logistics company DP World has called for a global taxation on polluters in the shipping industry to pay for their emissions. The maritime services giant says new targets revealed by the International Maritime Organization (IMO) in July do not go far enough. At the 80th meeting of the IMO’s Marine Environmental Protection Committee […]


DHL buys Turkish firm to tap into e-commerce sector

DHL Group has bought Turkish parcel delivery company MNG Kargo, as the German logistics giant looks to tap into Turkey’s fast-growing ecommerce industry. “E-commerce remains one of the biggest growth drivers for logistics services and especially for parcel volumes,” CEO Tobias Meyer said. “We, therefore, continuously work to expand our footprint.” DHL will buy MNG […]

Port karachi

UAE and Pakistan to develop cargo terminal in Karachi  

The UAE and Pakistan will sign an agreement to develop a bulk and general cargo terminal at East Wharf, Karachi Port. Pakistan has set up a negotiation committee last week to finalise a deal with the UAE, giving Dubai 85 percent control over the East Wharf of the seaport, The Express Tribune reported. The cabinet […]