District 2020 has signed a partnership with the Gulf Cooperation Council (GCC) that will see the two entities providing support to start-ups across the region through District 2020’s Scale2Dubai global entrepreneur programme. The agreement was recently signed by Dr Nayef Falah M AlHajraf, Secretary-General of the Gulf Cooperation Council (GCC) and Reem Al Hashimy, UAE Minister of State for International Cooperation and Director-General of Expo 2020 Dubai. The alliance underlines the commitment of District 2020 – the future of Expo 2020 Dubai that will evolve into a human-centric smart community and a global innovation ecosystem – to supporting the growth of entrepreneurship…
Author: Jochebed Menon
Jochebed Menon
Jochebed Menon is the Editor of Logistics News Middle East. She covers issues related to the logistics and supply chain industries in the region. She’s been a journalist since 2012 and has primarily worked on B2B titles in travel, hospitality, aviation, and construction.
Falconcity Markets, provider of daily essentials and personal products, inaugurated its new branch in Sharjah, as part of its ongoing expansion efforts in the UAE. Situated in a prime area on Al Nahda Street, the hypermarket’s new branch is expected to attract high footfall as it caters to a new market segment in the emirate. Part of its value offerings is a variety of quality food products and a special promotion for its shoppers. Salem Almoosa, Chairman, Salem Ahmad Almoosa Enterprises, said: “The Falconcity Markets outlet in Sharjah is in keeping with our overarching plans to expand our footprint in…
Al-Futtaim Toyota Material Handling, an Al-Futtaim Automotive company and distributor of Toyota Material Handling equipment in the UAE, has announced it has supplied a new line-up of environment-friendly forklift trucks to Al-Futtaim Parts Distribution Hub (PDH) making it the first such delivery to an Al-Futtaim group company. The lithium-ion battery-operated forklift trucks are currently being used in three shifts at the PDH warehouse located in Dubai Investment Park. Lithium-ion batteries are the latest advancement in battery technology and will redefine the performance users can expect from material handling equipment. They offer end users a massive reduction in their operating costs…
Michelin Group has named Gaganjot Singh as the President, Michelin Middle East, Africa, and India region. He will be based out of Pune, India. Gaganjot Singh succeeds Marc Pasquet, who has been called to other functions in the Michelin Group. Across his 10-year tenure with Michelin, Gaganjot has held various leadership roles in finance, sales, and other commercial functions across Asia, Africa, and Europe. Since 2019, Gaganjot served as global business model leader – large fleets within the long-distance transportation business line. From 2016 to 2019, he was the managing director of South Africa Customs Union (SACU), Angola, Zambia, Zimbabwe, Malawi, and Mozambique.…
DUBAL Holding and Dubai Holding in partnership with an international consortium of investors have announced the achievement of financial close of an Dhs4 billion agreement signed last year with Dubai Municipality to build one of the world’s largest energy-from-waste (EfW) projects in the emirate, currently under development. The landmark public-private partnership entered into a project finance loan agreement on 28 March 2021 for a total amount of around USD900 million with Japan Bank for International Cooperation (JBIC). As well as private financial institutions including Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Société Générale, KfW IPEX Bank GmbH, Standard Chartered Bank,…
The global full-service provider Hellmann Worldwide Logistics is acquiring the overnight express provider Innight Express based in Hungary and Romania. With this acquisition, Hellmann is completing an important milestone in its expansion strategy in the Central and East European markets and tapping into the key overnight express services segment. The two shareholders Tamás Aradi and Zoltán Csombok will continue to manage the company as co-managing directors. Customers can expect a seamless integration and unchanged business relationships. Since its foundation in 2004 in Törökbálint, Hungary – 15km west of Budapest – Innight Express has developed into an overnight express specialist, primarily…
The Arada Foundation is sending over 1,000 pieces of vitally needed medical equipment to the Indian state of Kerala to support the local government’s efforts to combat the effects of the Covid-19 pandemic. The donation by the Sharjah-based developer’s humanitarian arm was made via the Care for Kerala initiative, which has been set up by the Government of Kerala. Items being donated by the Arada Foundation include Dräger Savina ventilators, Philips EV300 portable ventilators, oxygen concentrators and fingertip pulse oximeters, together amounting to a total value of INR1 crore (Dhs500,000). HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada,…
Maersk and Hyundai Mipo Dockyards have agreed on a contract for the latter to build a feeder vessel with a dual engine technology enabling it to sail on either methanol or traditional extremely low Sulphur fuel. Maersk announced the intention to order the vessel, an industry first, on 17 February 2021. It will fly the Danish flag. “This ground-breaking container vessel shows that scalable solutions to properly solve shipping’s emissions challenge are available already today. From 2023 it will give us valuable experience in operating the container vessels of the future while offering a truly carbon neutral product for our…
Francis Scholten has been promoted to managing director Rental Projects division, one of the four divisions within the Losberger De Boer Group. After starting as account manager international projects in 1999, Francis has gained extensive experience in the event rental business with high profile international projects such as the Asian Games, Olympic Games, Volvo Ocean Race and UEFA Championships. In 2018, she was appointed MD of the company’s international projects in those countries where no permanent Losberger De Boer organisation was present. In 2019, the Middle East region, with UAE, Saudi Arabia, and Qatar, was added to her responsibilities. Despite…
Global logistics firm that specialises in the design and operation of complex supply chains for the growth automotive and technology industries Syncreon has been fully acquired by DP World for an enterprise value of USD1.2 billion. This transaction is subject to customary completion conditions and is expected to close in the second half of the year. Syncreon provides specialised value-added warehousing and distribution solutions through a variety of manufacturing, export packaging, transportation management, reverse/repair, and fulfilment services. The firm has a global presence across 91 sites in 19 countries and services a large and diversified portfolio of customers made up…