Saudi 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
Logistics
Expansion and investments to drive UAE logistics sector growth, study finds

Container port traffic in the UAE is expected to reach record level of 28.4mn TEUs by 2021. (Image source: StockSnap/sxc.hu)
Expansion projects and new investments are expected to fuel growth within the UAE?s logistics sector over the next five years, according to a recent analysis by the Dubai Chamber of Commerce and Industry
First four Doha Metro trains arrive in Qatar

The Doha Metro project is expected to transform the rapid transit system in Qatar. (Image source: Qatar Rail)
The first four of the 75 Doha Metro trains have arrived two months ahead of schedule at Hamad Port in Qatar after a three-week journey by sea from Japan?s Kobe Port
Jebel Ali Free Zone trade hits US$80.2bn in 2016

China has maintained its position as Jafza?s largest trading partner with US$11.3bn worth of trade during the year with many Chinese companies in Dubai using logistics capability to re-export goods and products. (Image source: DP World)
DP World has announced the growing of Dubai-based Jebel Ali Free Zone?s (Jafza) non-oil foreign trade by 17 per cent from 23.9mn to 27.9mn tonnes in 2016, worth US$80.2bn
Groupe Renault signs a new joint venture in Iran

From left to right : Thierry Bollor?, Member of Groupe Renault Executive Committee and Chief Competitive Officer, Mansour Moazzami, Deputy Minister and head of IDRO, Kourosh Morshed Solouk, Managing Director of NH Group. (Image source: groupe Renault)
Groupe Renault has announced the signature of a joint venture agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN NASEH Co, an importer of Renault products in Iran