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STORAGE + WAREHOUSES-
#1- African e-commerce platform Jumia is building an e-commerce fulfillment center at Agility Logistics Park in Ghana, according to a company statement. Jumia will occupy 6k square meters of space at ALP for a 10-year lease for storage, fulfillment, and office space. The facility will be used to hold products, process orders, and ship deliveries across Ghana, according to the statement.
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#2- KPC partners up with KNOC for crude oil storage: Kuwait Petroleum Corporation (KPC) has inked a two-year strategic agreement with Korea National Oil Corporation (KNOC) to store 4 mn barrels of Kuwaiti crude oil at one of KNOC’s storage facilities in Ulsan, South Korea, Kuwaiti news agency Kuna reported on Thursday.
We knew this was coming: KPC and KNOC signed an MoU in June for the storage of the crude oil, which is part of KPC’s strategy of storing oil near vital markets.
SHIPPING + MARITIME-
Mawani launches route linking UAE, Jordan, Egypt: The Saudi Ports Authority (Mawani) has added a new cargo shipping service operated by Emirates Shipping Line (ESL), dubbed GRC, to Jeddah Islamic Port, the Saudi Ports Authority (Mawani) said in a statement. The new service, which has a capacity of 2.5k standard containers, links Jeddah Islamic Port to the ports of Jabal Ali in the UAE, Aqaba in Jordan, and Sokhna in Egypt.
DIGITALIZATION-
Adnoc + DMT partner to boost integration of AI-driven tech in the UAE: The UAE’s Adnoc and Abu Dhabi’s Department of Municipalities and Transport (DMT) have signed a strategic collaboration agreement to explore the creation of an AI-driven shared service model to expand productivity and innovation in the country, a statement said on Thursday. Under the agreement, the pair will look at ways to collaborate in a variety of areas including infrastructure, business support services, and urban planning, the statement says.
ZONES
Ras Al Khaimah partners with the UK Gov’t to mull commercial, industrial collaboration prospects: Ras Al Khaimah signed a partnership agreement with the UK Government to probe potential commercial and industrial collaboration and facilitate cross-border trade, according to Wam. The agreement also targets several sectors such as food security, education, and culture. In addition, both parties will consider launching a business incubator in Ras Al Khaimah to support UK companies looking to expand into the UAE and the Middle East.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Shenzhen Airlines launches Qatar-China route: China-based Shenzhen Airlines launched three weekly flights on 29 October between Doha’s Hamad International Airport and China’s Shenzhen Bao’an International Airport. The flights will operate on Tuesdays, Thursdays and Sundays. (Statement)
- Etihad Airways launches Sahel route: The UAE’s Etihad Airways is launching flights to El Alamein International Airport on Egypt’s northern coast in July 2025. (Wam)
- NAV AERO + Saudia Cargo partner up: NAV AERO, the global cargo General Sales and Services (GSS) network, has signed a strategic partnership with Saudia Cargo to enhance its global connectivity and provide expanded air cargo solutions to clients globally. (Statement)
