Saudi Ports Authority (Mawani) and DP World have begun work on the expansion and revamp of South Container Terminal at Jeddah Islamic Port. On completion, it will double the port’s container handling capacity from 2.4 million to 4 million TEUs by 2024.

AD Ports Group, a leading global driver of trade and logistics in the UAE, has recorded a revenue of AED1.83 billion ($499 million) for the first half of the year, up 21 per cent compared to AED1.52 billion ($413 million) last year.

STRONG MANUFACTURING ACTIVITY
Global steel demand is expected to return earlier than expected to its pre-pandemic level this year recording a 4.5 per cent growth this year and reach 1,855.4 Mt after 0.1% growth in 2020. Next year the steel demand will grow 2.2% to hit 1,896.4 Mt.

UAE and South Korea have met to further strengthen trade and investment between the two countries, whose non-oil trade in the first six months of 2021 has grown to $2.1 billion.

Exalto Emirates, a leading global provider of marine equipment brands, showcased its new product offerings at the third edition of the Abu Dhabi International Boat Show (ADIBS), running from October 13-16 at the Adnec marina.

The third edition of the Abu Dhabi International Boat Show (ADIBS) opened yesterday (October 13) with the participation of 353 exhibitors and brands, reflecting a 24% increase compared to the previous edition held in 2019.

Saudia Dairy and Foodstuff Company (Sadafco) has appointed Patrick Stillhart as its new CEO effective November 1 following the retirement of Waltherus Matthijs. He bring with him over 23 years of experience in the branded food FMCG sector to the post.

Mars, a global leader in confectionery, food, and pet care products and services, has announced its commitment to achieve net zero greenhouse gas (GHG) emissions across its full value chain by 2050.

SAL Saudi Logistics Services, a market leading air cargo handler, has signed a cargo ground handling agreement with Qatar Airways Cargo.

Fine Hygienic Holding (FHH) has upgraded its paper product capabilities by investing $8.2 million in a new line taking its total investment in the UAE to over $136 million.

Airbus will demonstrate its portfolio of hybrid solutions with multimedia capabilities shedding light on the role of its mission-critical communication and collaboration solutions at Gitex Technology Week running from October 17-21 in Dubai.

The International Air Transport Association urged the air cargo industry to continue working together at the same pace, with the same levels of co-operation as during the Covid-19 pandemic to overcome future challenges and build industry resilience.