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AVIATION-
AMH and AD ports Group partner up to launch first vertiport: Tech conglomerate Multi Level Group subsidiary The Advanced Mobility Hub (AMH) and AD Ports Group signed an agreement to launch the UAE’s first pilot vertiport at Abu Dhabi Cruise Terminal in Port Zayed in a bid to boost air tours and logistics services using eVTOL aircraft, according to the Abu Dhabi Media Office.
Remember: The General Civil Aviation Authority (GCAA) granted operational approval for the country’s inaugural vertiport back in April, after publishing the world’s first national regulation related to vertiports — covering their design and operational requirements — in December 2022. The authority has since announced a plan to launch air taxis by 1Q 2026.
ALSO- Adnoc, AD Ports Group, AMH’s parent Multi Level Group, and e& signed a collaboration agreement to explore the use of eVTOLs in the logistics sector for cargo transport, according to a separate statement from the Abu Dhabi Media Office. The agreement will involve work from Multi Level Group subsidiaries under the Advanced Mobility Hub (AMH) umbrella, including Wings Logistics, who will provide drone services, Space Falcon for drone surveillance, and Vertihub and its subsidiary Unified Aviation for infrastructure operations and port audits, as well as ground support and operational services for airports.
TRADE-
A delegation from the UAE’s Ajman Commerce Chamber met with the Hong Kong General Chamber of Commerce to discuss economic cooperation and cross-border trade between the emirate and Hong Kong, according to a press release. The meeting focused on identifying cooperation prospects in sectors like advanced industries, technology, logistics, energy, education, health, real estate, e-commerce, and AI, among others.
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DATA CENTERS-
Ooredoo opens new Sohar data center: Qatari multinational telecommunications firm Ooredoo has opened a new data center in Sohar, Oman, according to a press release. The facility boasts a total capacity of 1.2k racks and is equipped with a power supply of up to 10 MW.
SHIPPING + MARITIME-
#1- Egypt to establish three shipyards: Egypt is set to establish three new shipyards in partnership with the private sector in the Suez and Red Sea governorates, with investments exceeding USD 100 mn, head of the Federation of Egyptian Industries’ maritime transport division Ibrahim El Dessouky told Al Borsa. Each shipyard will cover between 200k and 500k sqm and will cost between USD 30 mn and USD 50 mn, with plans to complete all three during 1H 2027.
We could see even more shipyards soon: Three Gulf-based companies are currently in the early stages of negotiations with the government and private sector companies about establishing more shipyards, El Dessouky told the outlet, adding that Egypt has the potential to become a regional center for shipbuilding and repair in the future.
#2- Fincart wants to ship internationally: Egyptian shipping services provider Fincart plans to add international shipping to its local services by the end of the year, co-founder and CEO Mostafa Masry told Al Borsa. The startup also plans to expand its shipping service to the Gulf in the near-term, with plans to expand all of its offerings to Gulf countries after that. Once Fincart has successfully established itself in the Gulf, Masry said that the company will move into north and west African markets, penciling in this broader expansion for 2025. Fincart is also looking to expand its number of shipping partners to 25 in the coming period.
