In The Spotlight
Parsons to oversee delivery of Dubai Metro's upcoming blue line
Parsons Corporation has been selected by Dubai’s Roads and Transport Authority (RTA) as the project management consultant for the ambitious Dubai Metro Blue Line project.
The five-year contract covers full-scope project management services, including design oversight, procurement coordination, construction supervision, commissioning support, and final handover.
The Blue Line, set to open in 2029, will stretch 30 km and feature 14 stations, strengthening links between key areas such as Mirdif, Dubai Silicon Oasis, Dubai Creek Harbour, and Dubai Festival City.
Designed to support Dubai’s 2040 Urban Master Plan and the D33 Economic Agenda, the line is expected to carry up to 320,000 daily passengers, promoting smarter, more sustainable urban mobility.
Advancing public transport systems
Parsons has long been a strategic partner to RTA, playing a major role in landmark infrastructure efforts like the Dubai Metro’s Red and Green lines, the Route 2020 expansion, and the Dubai Intelligent Traffic Systems Center.
With a legacy of over 65 years in the region, Parsons continues to lead on complex projects in mobility, transport, urban development, and smart infrastructure, drawing on its experience with more than 400 rail and transit clients worldwide.
‘‘We are proud of our long-standing partnership with the RTA and are committed to working with their expert team on expanding the Dubai Metro network in line with the RTA’s goal to provide seamless, safe, and sustainable mobility solutions that cater to the needs of Dubai’s growing population,’’ said Pierre Santoni, President, Infrastructure EMEA at Parsons. ‘‘Our team will leverage our 80-plus years of global experience coupled with our local knowledge to deliver a world-class transportation system using the safest methods and most innovative technology available.’
Malek Ramadan Mishmish, Director of Rail Planning and Project Development at the Roads and Transport Authority (RTA), said, "We are pleased to appoint Parsons as the project management consultant for the Dubai Metro Blue Line, particularly given the company’s extensive and proven experience in delivering projects awarded by the RTA since its establishment in Dubai. Parsons is a key partner in the RTA’s success and achievements, which it continues to deliver."
Mishmish added, "The RTA is committed to working with leading global companies to implement its various projects and initiatives in line with the vision and ambitions of the Government of Dubai to make the Emirate the smartest and happiest city in the world. The RTA also strives to play an active role in achieving this vision, which is based on excellence, innovation, and future foresight, while leveraging advanced technologies in the field of smart and sustainable transportation.”
Also read: Cairo Metro’s deep challenge: Giza Station foundation work underway
Maersk and Saudi Post aim to boost ecommerce logistics
Maersk Saudi Arabia (Maersk) and the Saudi Post Company (SPL) have signed a strategic Memorandum of Understanding (MoU) to enhance logistics and supply chain services for ecommerce companies operating in Saudi Arabia and potentially the wider GCC region.
The agreement aims to create a unified service model that meets the growing demand for efficient, end-to-end logistics solutions across regional and global markets.
The partnership will integrate Maersk’s global shipping and logistics capabilities with Saudi Post’s strong national delivery network.
By aligning their strengths, both organisations aim to offer a seamless logistics experience tailored to international eCommerce businesses looking to establish or scale operations within the Kingdom.
Enhancing regional logistics
Saudi Post’s in-country network, developed in line with Vision 2030 objectives, will connect with Maersk’s international infrastructure to deliver greater speed, efficiency, and reliability to customers.
Under the partnership, Saudi Post will manage all domestic services, including express customs clearance and last-mile delivery, while Maersk will handle the origin-side operations, international transport, and bonded fulfilment.
The collaboration will be supported by Maersk’s newly inaugurated Integrated Logistics Park in Jeddah, positioning Saudi Arabia as a vital regional logistics hub.
The MoU outlines joint efforts in digital system integration to ensure smooth data exchange, shared marketing and commercial initiatives to target global ecommerce clients, unified customer service protocols for consistent quality, and operational improvements to optimise capacity and performance.
This strategic alliance is expected to accelerate the development of a robust ecommerce ecosystem and reinforce the Kingdom’s role as a logistics leader in the Middle East.
"We are excited to partner with Saudi Post, who operate an unparalleled distribution network in Saudi Arabia, to create an integrated logistics solution that addresses the growing demand for efficient eCommerce fulfilment in the country," said Ahmed Al Olaby, director, Maersk Saudi Arabia, after signing the MoU. "Our extensive, global ocean network, along with the newly opened Integrated Logistics Park, would combine with Saudi Post's extensive domestic network, positioning us to deliver world-class logistics services that support businesses looking to enter or expand in the Saudi market."
“The strategic collaboration between SPL and Maersk is pivotal in streamlining cross-border e-commerce flows to and from The Kingdom of Saudi Arabia and the wider GCC, enhancing connectivity, reliability, and growth opportunities across the region”, said Rouni Saad, international business sales director, SPL Group.
Both companies said that the MoU "directly contributes to Saudi Arabia's Vision 2030 objectives by enhancing the Kingdom's logistics infrastructure, supporting the growth of the eCommerce sector, and facilitating international trade."
This could attract more international businesses to set up shop in Saudi Arabia, while providing them with reliable and efficient logistics solutions.
Also read: Saudi Global Ports awarded terminal concessions on the Kingdom's eastern coast
Alcoa exits Ma’aden joint venture in US$1.35bn deal
Alcoa Corporation has finalised the sale of its 25.1% stake in the Ma’aden joint venture to Saudi Arabian Mining Company (Ma’aden), marking a strategic exit from the integrated mining complex the two companies launched in 2009.
The transaction was completed under a binding share purchase and subscription agreement.
In exchange, Alcoa received around 86 million Ma’aden shares, valued at approximately US$1.2bn, alongside US$150mn in cash, which will primarily be used to cover taxes and transaction costs.
The company expects to report a gain of roughly US$780mn under other income for the third quarter of 2025.
In line with past asset sales, this gain will be recorded as a special item.
Saudi mining growth
Alcoa, which is based in Pittsburgh in Pennsylvania, is a global leader in bauxite, alumina, and aluminium products. It will now hold an estimated 2% of Ma’aden’s outstanding shares.
As stipulated in the agreement, these shares must be retained for a minimum of three years, with one-third eligible for sale after each of the third, fourth, and fifth anniversaries of the transaction’s closing.
However, under certain conditions, Alcoa is allowed to hedge or borrow against the shares during the holding period, and the lock-up may be reduced in specific scenarios.
The Ma’aden joint venture, established as a fully integrated aluminium production complex in Saudi Arabia, comprises the Ma’aden Bauxite and Alumina Company (MBAC) and the Ma’aden Aluminium Company (MAC).
Prior to the deal, Ma’aden held a 74.9% majority stake.
Citi served as Alcoa’s exclusive financial advisor for the transaction, while legal counsel was provided by White & Case LLP.
“While today marks the end of the Joint Venture, the closing of this transaction demonstrates the initial value to our shareholders and enables visibility within Alcoa’s financials until we monetize in the future,” said William F. Oplinger, Alcoa’s president and CEO.
“I thank Ma’aden’s leadership and the Kingdom of Saudi Arabia for their partnership over the last 16 years, and we look forward to continued engagement as Ma’aden shareholders.”
Also read: Power Metallic gets licensed to explore Saudi mineral belt
Middle East Coatings Show
Venue:
Egypt International Exhibition Centre
Dates:
19 - 21 June 2023
Website:
https://www.middleeastcoatingsshow.com/