Logistics

Dubai raises initial US$1.1bn loan for metro expansion project

Dubai MetroDubai has raised US$1.1bn loan for the expansion of the city's metro rail system, reaching the first step of an infrastructure financing programme which totals around US$2.8bn

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EMC signs dealership contract with Germany’s TITAN

Titan adipecEmirates Motor Company (EMC) has signed an exclusive contract with TITAN Spezialfahrzeugbau GmbH to represent the German company in the UAE market

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CBRE: Higher demand for light industrial units across Dubai

Wooden pallets dubai 0555450341The UAE aims to attract a further US$75 billion into the country’s industrial and manufacturing sector by 2025, as part of the government’s continued diversification efforts to raise non-oil and gas revenues, according to the latest UAE Industrial Market View by global real estate consultancy firm CBRE

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Gulf Marketing Group breaks ground for new distribution facility in Dubai

Gulf Marketing Group Holds Groundbreaking Ceremony in Jebel Ali Free ZoneGulf Marketing Group, one of the Middle East’s leading family owned holding companies, held a groundbreaking ceremony for a new distribution facility for its business in Jebel Ali Free Zone (JAFZA)

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Bahri signs US$120mn deal with Hyundai to build four bulk carriers

BahriSaudi Arabia’s Bahri Dry Bulk, transportation and logistics service provider, has signed a deal worth US$120mn to purchase four bulk carriers from Hyundai Mipo Dockyard, South Korea-based global shipbuilding company Hyundai Heavy Industries (HHI) group

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