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ROADS-
Oman pours OMR 9 mn into Al Mughassil road and bridge project: Oman’s Transport, Communications, and Information Technology Ministry has inked an OMR 9 mn agreement with Oman’s leading construction firm AZ Engineers for the building of Al Mughassil road and bridge, according to a statement. The timeline for the project, including the groundbreaking and delivery dates, have not been disclosed.
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What we know: The project is designed to boost traffic flow between Salalah and Oman’s western districts, primarily Dhofar’s Rakhyout and Dhalkut, which serve as a key international trade route to the Kingdom’s border crossing with Yemen. A concrete bridge – spanning 630 m in length – is set to be constructed.
Oman has been investing into infrastructure: Oman secured a loan facility earlier this week of up to USD 392 mn from the Opec Fund for its Diba-Lima-Khasab road project.
SUPPLY CHAINS-
DP World Trade Finance + Nedbank to boost trade finance in Africa: The UAE’s DP World Trade Finance has partnered with South-African based Nedbank Corporate and Investment Bank to increase the availability of trade finance to businesses across sub-Saharan Africa, according to a statement. The agreement involves implementing a supply chain finance program on DP World’s platform — with Nedbank as the financer — that will facilitate early payments and working capital to DP World’s suppliers in the SSA region. The two parties also inked an agreement that would allow them to share risk in mutually beneficial transactions, increasing the total credit available to clients.
STORAGE + WAREHOUSES-
Spain’s Calsina Carre expands Morocco presence: Spanish logistics firm Calsina Carre Transports & Logistics is launching its largest warehouse in Morocco next March in a bid to bolster its activities in the country, Moroccan news agency Agadir 24 reports. The logistics outfit — which has been operating in Morocco for 15 years — handles over 15k shipments annually through the Strait of Gibraltar.
AVIATION-
#1- Menzies renews contract for Ryanair ground handling at European airports: Ground handling firm Menzies Aviation, a subsidiary of Kuwait’s Agility, has renewed a contract to oversee budget-airline Ryanair’s ground handling services at 10 European locations until October 2029, according to a statement. The contract includes the addition of Romania’s Iași International Airport. The firm will continue to provide ground handling services at the UK’s London Gatwick Airport, Prague’s Vaclav Havel Airport, the Netherlands’ Amsterdam Airport Schiphol, Norway’s Oslo Airport, and Sweden’s Gothenburg-Landvetter Airport. The company will manage over 26k turnovers for Ryanair annually.
#2- RAC to upgrade KKIA procurement infrastructure: Riyadh Airports Company (RAC) plans to update Riyadh’s King Khalid International Airport’s (KKIA) procurement system and supplier experience by using intelligent management solutions from technology company SAP, Zawya reports.
The details: SAP’s Ariba portfolio provides a comprehensive spend management system that includes integrated features for supplier information, lifecycle management, performance tracking, and risk management. For the airports company, these SAP solutions will improve procurement collaboration with suppliers via a fully integrated digital platform. Additionally, the SAP Ariba Strategic Sourcing Suite allows employees to manage contracts, suppliers, and compliance on a global scale and in various currencies.
#3- Qatar Airways Cargo boosts shipment options on offer: Qatar Airways’ cargo arm has launched three new service options on its cargo products, dubbed AirPlus Solutions, according to a statement. These are Q-Climate, a temperature control option, Q-Plus, a high-priority handling option for time-sensitive shipments, and Q-Prime, a shipment fast-tracker to guarantee prioritized processing. The shipment options can be selected on Qatar Airway Cargo’s digital booking platform.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Emirates launching refurbished Boeing aircrafts on US routes: Emirates will introduce refurbished Boeing 777 aircrafts on six routes in the US. The aircraft will operate direct flights to Chicago, Boston, Dallas Fort Worth, and Seattle, from next month to early 2025. (Dubai Media Office)
- Iranian trade center to open in Armenia: Iran will inaugurate a 18k sqm trade center in Armenia on 1 October in cooperation with the Trade Promotion Organization of Iran. (Mehr News Agency)
