Transport and Logistics
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Aramex launches Value Express service
Aramex, the logistics and transportation solutions provider, has launched its Value Express service for express shipments within the Middle East, North Africa and South Asia. The new service offers customers the option to transport less urgent parcels at economical rates, while ensuring time-definite delivery, door-to-door transport, customs clearance and track-and-trace online tools.
Dubai Metro fares released
Students and elderly passengers are to have access to cheap fare deals on Dubai's new Metro system. The transit system will also be accessible by use of a 'Nol' (meaning 'Fare' in Arabic) card, which will come in four versions according to the needs of commuters. The cards will enable use of the Metro, buses, water buses and paid parking zones - although parking for the Metro will be free for train passengers. Continues below>>
Jafza posts growth, freezes hikes
Salma Hareb, CEO of Jebel Ali Free Zone Authority (JAFZA) has said that the free zone has recorded an 18% growth in revenues during the first quarter of 2009, compared to the same period in 2008, according to the Khaleej Times. She also said that Jafza will not raise the fees it charges firms that operate in the zone, as part of an effort to support them during the crisis. Jafza will extend all kinds of support to companies operating in the free zone, but will offer relief only on an individual basis and not in the form of an across-the-board reduction in fees to all customers, she said.
Dubai Aluminium inks DP World deal
Dubai Aluminium Co has signed a four-year contract with DP World to handle its cargo operations. The two firms have said in a joint statement that DP World will handle 'more than 14.5 million tons of imported raw materials and close to five million tons of aluminium products for export to destinations across the globe.'
Orascom wins Cairo metro deal
Egypt's Orascom Construction Industries has said that it had won contracts worth $140m for work on the second phase of Cairo's third metro rail line. The contracts cover civil, electromechanical and railway works, the firm said. The new line is due for completion in the fourth quarter of 2013.
DSCS to launch free zone in Al Sagah area by 2011
Sharjah's Department of Seaports and Customs in Sharjah has announced it has designated a plot of land for a free zone it plans to launch in Al Sagah area by 2011, reported Khaleej Times. Starting in 2010, most of the big factories and companies will be moved from Port Khalid to Al Hamriya Free Zone, said member of Sharjah Executive Council and DSCS-Chairman Sheikh Khaled bin Abdullah bin Sultan Al Qasimi.
Lufthansa, DHL launch joint cargo airline
Lufthansa Cargo and DHL Express have officially launched their joint cargo airline, AeroLogic, which will start service on June 29th. The new JV will deploy eight leased Boeing 777 freighters, two of which have already been delivered with two more scheduled to follow by the end of the year. The remaining four planes will join the fleet by the end of 2010. DHL will operate express services on a Leipzig-Bahrain-Singapore-Delhi-Leipzig rotation on weekdays, while Lufthansa Cargo will operate on a Leipzig-Tashkent-Hong Kong-Tashkent-Leipzig loop on weekends. Furthermore, AeroLogic plans to offer new direct connections to most of Asia's major metropolitan areas by 2010.
New Fedex World Service Centre in Oman
Oman Postal Express, licensee of Fedex in Oman, has inaugurated its World Service Centre in Seeb. The new centre is the fifth in the Sultanate, with other branches in Sohar, Salalah, Buraimi and the head office in Wattayah. The Seeb's new office will offer the full range of Fedex services to the airline industry and other offices and residents of Seeb and neighbouring areas like Ghala, Rusayl Industrial Area.
Abu Dhabi moves ahead with logistics park
The Abu Dhabi Logistics Park adjacent to Abu Dhabi International Airport is moving ahead with its project with the recent completion of an Investor Services Centre within the park. The facility will serve as a one-stop-shop solution for international investors wishing to establish their operations in the new facility.
Pirate warning for Oman
Somali pirates are targeting ships at the southern end of the Red Sea and off Oman, according to Noel Choong, head of the International Maritime Bureau piracy reporting centre in Kuala Lumpur. He said the IMB had recorded eight attacks in the past two weeks in the two areas, adding that pirates were staging raids under the cover of darkness. Pirates are being pushed into these areas because of bad weather in the east coast of Somalia and the international flotilla of warships that is now concentrated in the Gulf of Aden, reported The National.
ADAC, Helios to build logistics park
Abu Dhabi Airports Company (ADAC) has signed a joint venture agreement with Helios SinoGulf Property Development to develop a 650,000 sq.m logistics and business park adjacent to Al Ain International Airport. The project will include office space, distribution centres, light industrial units, freight forwarding stations and supporting facilities in a business park. The first phase of the project, which will start immediately, will cost more than $250m, and is scheduled for completion towards the end of 2010.
Largest warehouse facility in Gulf opens in Kuwait
Kuwait's Al Mazaya Holding Company has announced the launch of the 7 Zones warehouses, which extend over an area of over 12,000 sq.m., amking it the largest warehousing facility in the Gulf, the company said. The warehouses, which range in size from 70 to 743 sq.m., are located in the Al Shuwaikh Industrial District, within close proximity to Kuwait City.
Bahrain plans customs-free port storage
Bahrain's General Organisation of Sea Ports (GOP) has unveiled plans to create a customs-free storage, warehousing and commercial service building in the vicinity of the Khalifa Bin Salman Port, Gulf Daily News has said. The service centre will house 6,500 sqm of office space, general warehousing facilities, and a 4,000 capacity multi-storey car park for the storage of imported cars, a petrol station with basic maintenance facilities, banking facilities, food outlets and a convenience store.
Nakilat raises $950m to buy LNG tankers
Qatar Gas Transport Co, the LNG shipper known as Nakilat, has announced that it has raised $950m of 'Tranche III Debt' from 17 international and regional banks to fund acquisition of 25 LNG tankers, which are being built in South Korea by Daewoo Shipbuilding and Marine Engineering Co., Hyundai Heavy Industries Co., and Samsung Heavy Industries Co.
Dubai Airports moots central rail terminal
Dubai Airports has proposed the development of a central rail terminal in the city with connections to its two international airports through the main tourist and business areas as an alternative to the Purple line of the Dubai Metro, according to Meed magazine. The proposal is being considered as part of a comprehensive study into Dubai's rail requirements, which is being conducted by the US group Parsons Brinckerhoff. The route of the Purple line has led to a dispute between Dubai Airports and the RTA, which have also been unable to agree on how the cost of the project should be divided between them.
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