The transaction, once completed, will position ADQ as the majority shareholder in Aramex with a cumulative ownership of 58 percent of shares
logistics business
Latest in logistics business
ADNOC
ADNOC L&S adds 20 offshore assets as 9-month revenues climb to $1.67bn
ADNOC L&S has seen significant growth in 2024 as it added to offshore asset
Global Logistics Services
Global Logistics Forum 2024 in Saudi Arabia sees $4.3bn of deals signed
Global Logistics Forum 2024 in Riyadh, Saudi Arabia saw massive deals and transport and logistics experts from around the world in attendance
E-commerce
UAE set to be at the forefront of impending logistics sector transformation, says industry expert
The surge in e-commerce revenues in UAE and GCC is to shape the future of the logistics industry in the region, with Dubai set to be the main beneficiary
E-commerce
Saudi Arabia announces new 2030 masterplan
Saudi Arabia will launch 59 logistics zones by 2030 under the new masterplan
DP World
DP World’s overseas logistics investments since 2012 cross $10bn mark: Report
Other firms in the top five list of FT’s fDi Intelligence include US giant Amazon and AP Moller Maersk from Denmark
Jeddah Islamic Port
Maersk and Mawani to build $350m Middle East’s largest logistics zone at Jeddah Islamic Port
The project is expected to be completed in the first quarter of 2024
container terminal
Saudi port sector registers 15.33% jump in container handling to 694,517 TEUs in October
The overall cargo throughput witnessed a 3.34 percent increase from 25,858,562 tonnes in October 2021 to 26,722,044 tons this year
China
DP World to help Chinese trade zone bounce back with logistics solutions
Jafza owners will deploy the World Logistics Passport programme, which will provide Chinese businesses with faster and more cost-efficient access to global markets
DP World
DP World’s growth numbers outperform industry average by 127%
CEO Bin Sulayem remains optimistic about company’s medium-to-long term future despite the headwinds of inflation and currency fluctuation
DP World
DP World adds new trade routes to open global markets, ease supply chain congestion
New routes opened this year include connections between India, Middle East, Africa, and new connections between Latin America, Europe and Asia
infrastructure projects
Saudi Ports Authority signs contracts for integrated logistics park, new births at Jeddah Islamic Port
The value of the new infrastructure projects to be implemented is to the tune of over SAR 900 million
Dubai South
Maersk to double operations in UAE, signs deal to expand into Dubai South
Titled ‘Maersk Integrated Logistics Centre DWC’, the facility is 15,000 square metre (approximately 162,000 square feet) and will have a capacity to cater to 15,000 pallet positions and 10,000 bin locations
container terminal
Dubai’s DP World growth way ahead of industry at 3.5 percent in second quarter
Chairman Sultan Ahmed Bin Sulayem maintains a positive outlook for the second half of the year despite uncertain economic conditions
acquisitions
UAE-based Lyve acquires Jeebly to strengthen its e-commerce presence
Lyve sets to accelerate their growth across their cloud-based food platforms and services
Abu Dhabi economy
AD Ports Group, Uzbek oil and gas firm to develop logistics, freight and food trading infrastructure in Uzbekistan
The Abu Dhabi-based major has also announced opening the Group’s office in Uzbekistan, its first in the Central Asia region
Abu Dhabi
Abu Dhabi Ports buys $140 million majority stake in Egyptian logistics firm in first international acquisition
Egypt is a crucial part of the company’s strategy for international expansion, an official said