Sign in
ZONES-
Sam Force to build two centers in Kezad: The UAE’s AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi (Kezad) and Abu-Dhabi based real-estate developer and operator Sam Force Trading have inked two land lease agreements to build retail centers in Kezad, according to a statement. Sam Force will construct and operate two community retail centers in Kezad to cater to businesses and residents. The centers, situated in Kezad Al Mamourah and Musaffah, will comprise commercial and retail services and business centers, among other amenities, the statement notes.
INVESTMENT WATCH-
Afghanistan will pour some USD 35 mn into developing Iran’s Chabahar port, Iran International reports, following a visit by an Afghan trade delegation to Iran. The delegation commenced work on “various projects including commercial, residential, and administrative ventures,” the outlet quotes Iran’s ambassador to Afghanistan Hassan Kazemi Qomi as saying, although it is unclear what stage the developments have reached. The Afghani delegation’s visit aimed to enhance transit cooperation and promote Afghan exports, Bakhtar News Agency reported on Saturday.
DELIVERY SERVICES-
7X spins out delivery services subsidiary: Emirati state-owned 7X, formerly known as Emirates Post Group, launched a logistics subsidiary dubbed EMX that will focus on delivery and courier solutions, according to a press release. The company will work with other 7X subsidiaries to bridge the gap between its B2B and B2C operations. Tariq Al Wahedi (LinkedIn) will become general manager of the company.
A new delivery solution from FedEx:FedEx subsidiaries FedEx Logistics and Fedex Express have launched a Less-than-Container Load (LCL) Priority service for Asia Pacific to Middle East trade combining ocean and road networks, according to a press release. The LCL Priority service offers a customs-cleared port-to-door and last-mile delivery solution to cut down transit times by an estimated eight to ten days. Businesses will be able to work with FedEx as a single point of contact and reduce the need to work with multiple freight forwarders.
OTHER STORIES WORTH KNOWING THIS MORNING-
- FedEx opens Singapore HQ: FedEx AMEA has inaugurated its new regional HQ inSingapore. FedEx South Pacific hub also runs operations across Southeast Asia from Singapore. (Business Times)
