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STORAGE + WAREHOUSING-
Batic Real Estate began construction on a high-risk storage warehouse on a 10k sqm plot in Al Manakh district, according to a disclosure to Tadawul. It also secured an agricultural construction license from the Ministry of Environment, Water and Agriculture to develop cooling and freezing warehouses on 50k sqm of its 104k sqm site along Al Kharj road, with further approvals underway.
STARTUP WATCH-
Egypt’s WellPal relocates to KSA: Egypt’s healthcare e-commerce platform WellPal — powered by Flat6 Labs — has relocated to Saudi Arabia after securing an undisclosed investment from an angel investor, Wamda reports. The company is also eyeing regional expansion and establishing partnerships with local and international health bands to upgrade its platform and deliver a more seamless user experience.
What does WellPal do? The company uses a dropshipping business model that utilizes technology to link consumers with a carefully selected array of health and wellness products from trusted suppliers and vendors, according to the statement. This approach simplifies the supply chain, enabling WellPal to provide a diverse range of products without needing to maintain inventory or handle fulfillment logistics.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Emirates to resume flights to Basra: The UAE’s Emirates will resume flights to Basra in southern Iraq on 17 October, while flights to and from Baghdad and Iran’s capital Tehran remain canceled till 23 October. Beirut flights will remain on hold till 31 October. (Statement)
- Air Arabia adds Morocco-Italy service: The UAE’s Air Arabia is launching a new twice weekly direct route between Morocco’s Fez Sais International Airport and Italy’s Milan Bergamo Airport starting 15 December 2024. (MWN)
- Iraq ready to join TIR Convention: Iraq’s General Company for Land Transport is set to sign a contract with the Iraqi Customs Authority to announce Iraq’s readiness to join the TIR (International Road Transport) Convention, which aims to streamline and standardize the administrative procedures for international road transport. (Statement)
