CE-Ventures, the corporate venture capital arm of UAE-headquartered global conglomerate Crescent Enterprises, has invested in Transcorp International, one of the UAE?s leading logistics and last-mile distribution service providers, acquiring a sizeable minority stake
Logistics
Major COSCO terminal opened in Abu Dhabi
COSCO SHIPPING Ports and Abu Dhabi Ports have inaugurated CSP Abu Dhabi Terminal at Khalifa Port, aiming to position Abu Dhabi as the regional hub for COSCO?s global network of 36 ports and connecting the emirate to the major trade hubs along the Belt and Road Initiative (BRI)
Abu Dhabi Ports acquires Damen tug boats to boost Khalifa Port expansion
Abu Dhabi Marine Services ?Safeen?, the marine services subsidiary of Abu Dhabi Ports (ADP), has bought two new state-of-the-art tug boats from Damen Shipyards Group to support the US$2.72bn expansion of Khalifa Port, ADP?s deep-water port
Riyadh to house Saudi Arabia?s first special economic zone
Saudi Arabia has announced the establishment of a special economic zone (SEZ)
Driving UAE?s logistics business with RSA National?s new cargo terminal
RSA National, the joint venture between US-based National and UAE-based RSA Global, has its new air cargo terminal, located airside at Dubai World Central (DWC)