Moroccan authorities have launched the $396 million Wessal Casablanca Port project which will develop a new fishing port and shipyard in the country’s largest city as well as upgrading existing infrastructure.
Dubai-based port operator DP World has announced the closure of a $2.6 billion deal to acquire shares in Middle Eastern rival Economic Zones World FZE (EZW).
Saudi Arabia authorities are eyeing a $10 billion investment to develop a new port and shipbuilding plant in Jazan Economic City (JEC) in the southwest of the country.
The Government of Oman has launched a Request for Expressions of Interest (EOI) for the lease to operate and manage the country’s first dry port. Located in the South Al Batinah Logistics Area (SABLA) the project is designed to position the Sultanate as a logistics gateway for the Gulf and Middle East region.
Moroccan authorities have opened pre-qualification for construction tenders on its Nador West Med Port project.
Terminal operator DP World has announced a strategic partnership with China’s Qingdao Port Group to enhance port cooperation. The Strategic Framework Agreement signed between the two firms will aim to imoprove ties between respective operations in Qingdao and Dubai.
Improved transport infrastructure linking the Oman and Saudi Arabia is expected to boost future traffic to the Sohar Port and Freezone, according to the Edwin Lammers, executive commercial manager at the port.
The threat of piracy to the safety of ships’ crew and to growth in world trade remains serious. It is, therefore, important that shipowners/operators, national governments, port state control bodies and other maritime authorities do whatever is necessary to ensure the global shipping industry is safe and secure.
Terminal operator DP World has received the first scheduled vessel at the new Jebel Ali Container Terminal 3 southwest of Dubai in the United Arab Emirates.
Development firm Al-Sweiden Holding Company is to build a new commercial zone near the Suez Canal axis, according to a statement from the Egyptian Ministry of Supply and Internal Trade.