Dubai Maritime City has signed a land lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding.
Logistics
Mecca metro gets US$5.4 billion in financing
The implementation of the first phase of a metro network in Saudi Arabia?s holy city of Mecca has been allocated US$5.4 billion in financing, the Mayor of Mecca announced.
Regional airlines showed 14.5 per cent growth
The regions airlines saw traffic grow by 14.5 per cent in January, according to the International Air Transport Association (IATA).
Abu Dhabi to open Khalifa Port in Q4
Abu Dhabi Ports Company (ADPC) received three new Super Post Panamax Ship to Shore (STS) container cranes and reaffirmed that Khalifa Port will open in the fourth quarter of this year.
Iraq to issue tenders for first phase of Grand Faw port
Iraq will start to invite bids for the first phase of the US$6mn Grand Faw port in the South of the country, Iraq?s port company said.