Arcapita Group Holdings, a leading global alternative investment firm, has announced plans to invest an additional $1.5 billion in industrial and logistics real estate across the GCC over the next 24 months, building on its existing over $2 billion in assets under management in the sector.
Dubai CommerCity, a free zone focused on digital commerce, has launched a second expansion phase worth over AED1.8 billion ($490 million) that will add more than 91,000 sq m of office, retail and logistics space across the free zone’s business, social and logistics clusters.
Al Sharqi Shipping, a leading UAE-based logistics service provider, has announced the opening of its new multi-temperature integrated logistics and distribution hub located at Dubai Industrial City, a part of Tecom Group. The new facility features 280,000 sq ft of built-up storage space and 200,000 sq ft of open yard space.
Gulftainer, a global leader in integrated maritime and logistics solutions, has announced the launch of its India-Gulf Express (GIX) - the newest maritime service designed to enhance regional trade and logistics between West India and the Gulf countries.
ASMO, a joint venture between Saudi Aramco Development Company and global logistics leader DHL, has announced the expansion of its procurement services for Aramco with the management of 120 additional procurement deals covering general supply materials.
Port of NEOM, a strategic deep-water maritime and logistics hub located at Oxagon within the mega Saudi futuristic city, haas signed an agreement with Ceva Almajdouie Logistics to explore integrated logistics solutions linking Europe, Egypt, Saudi Arabia, the GCC and Iraq through an emerging multimodal trade corridor.
Bahri, a global leader in transportation and logistics, has awarded a SAR1.7 billion ($446 million) contract to International Maritime Industries (IMI), an integrated maritime facility in the Mena region, for the construction of three Very Large Crude Carriers (VLCCs), each with a 320,000 deadweight tonnes (DWT) capacity.
Sdeira Group, a part of AD Ports Group, has unveiled the masterplan for Aryam Community – Kezad Al Mamourah, revealing new details of the community being developed for up to 27,000 people working across Kezad Al Mamourah’s industrial, logistics and commercial ecosystem.
DP World on Friday (October 2) announced the opening of a new contract logistics distribution centre in Bang Na expanding its logistics capacity in Thailand and strengthening its ability to support customers across key manufacturing and consumer sectors.
Saudi-based Alandalus Property has announced that its key subsidiary, Marafiq Alandalus Allujistiyah, has acquired a prime plot of land spanning 44,550 sq m within the Al Mashael District in Riyadh. This land will be used for the development of logistics warehouses and other associated facilities.
