Fortune Shipping and Logistics LLC’s Post

#gulf_maritime_bodies #india #Strengthening_maritime Saudi Arabia’s King Abdulaziz Port has strengthened connections to India’s nautical hubs thanks to increased cooperation between two Gulf maritime bodies. The Saudi Ports Authority announced that Safeen Co., a subsidiary of the Abu Dhabi Ports Group, has added the Dammam facility to its new UAE-India-Gulf service — a maritime trade route connecting India and the wider Arabian region. The passage serves as a vital artery for the transportation of goods and commodities between these key economic centers. It supports trade flows, facilitates supply chains, and contributes significantly to the economic growth and development of the areas it connects. In a statement, the Saudi authority, also known as Mawani, said the new shipping service links the Kingdom with #six_regional and #international_seaports. These include the #Indian ports of #Mundra, #Kandla, and #Nhava_Sheva, along with Iraq’s #UmmQasrPort, Qatar’s #Hamad_Port, and the UAE’s #Abu_Dhabi Port. It was also noted that this initiative promises to boost the #movement_of_exports and #imports to and from the Saudi harbor, aligning with its vision for reliable and efficient operations and a firm commitment to safety and sustainability. #economic_development

Great Success

Gigantic achievement with massive records briefed in interesting 2 minutes! The make of such a long lasting and strategically impactful infrastructure and logistics solution is surely not a simple project, but thanks for the leadership’s unlimited support and the organically-integrated collaboration among management, teams, and other key stakeholders and resources. The invisible but quite vital “success enabler” was/is a “purpose-fit governance model”, among other key enablers.

UAE Marine traffic to its next level

Air Arabia, a low-cost carrier based in Sharjah, has initiated a new service to Basra, Iraq. Commencing from June 3, the new direct flights will link Sharjah International Airport to Basra International Airport with a frequency of three flights per week. Basra becomes Air Arabia's fourth destination in Iraq, joining Baghdad, Erbil, and Najaf. In 2023, the airline experienced significant growth in net earnings, reaching 1.5 billion dirhams ($408.4 million), marking a 27% increase from the previous year's AED 1.2 billion. However, the net profit for Q4 2023 was recorded at AED 225 million, reflecting a 37% decrease from the same period in 2022. During the previous year, Air Arabia expanded its operations by introducing 26 new routes within its global network. Additionally, it witnessed a 31% year-on-year increase in passenger traffic, with a total of 16.7 million passengers transported. #airarabia #Flights #Sharjah #Iraq #UAE

If a port is offshore like this one then can it be registered & treated as offshore entity ? Is it here in this case ?

Saudi Arabia boosts its maritime connectivity with India. 🔹️ Saudi Arabia’s King Abdulaziz Port strengthens connections to India’s nautical hubs through increased cooperation with Safeen Co., a subsidiary of the Abu Dhabi Ports Group, enhancing the UAE-India-Gulf service. 🔹️ The expanded maritime trade route facilitates the transportation of goods and commodities between key economic centers, supporting trade flows, supply chains, and economic growth. 🔹️ The new shipping service connects the Kingdom with six regional and international seaports, including ports in India, Iraq, Qatar, and the UAE, with a shipping capacity of 3,700 standard containers. 🔹️ This initiative promises to boost exports and imports to and from the Saudi harbor, aligning with the vision for reliable operations, safety, and sustainability. 🔹️ Part of efforts to improve maritime navigation network connectivity, enhance port competitiveness, and position Saudi Arabia as a global logistics hub connecting Asia, Africa, and Europe. 🔹️ King Abdulaziz Port in Dammam witnessed the addition of 12 maritime shipping services in 2023, confirming its status as an integrated trade gateway with world-class maritime services. 🔹️ Ports overseen by Mawani recorded a significant increase in imported containers and cargo throughput tonnage, reflecting ongoing infrastructure development and high-quality logistical services. #MaritimeConnectivity #TradeRoutes #LogisticsHub #SaudiPorts #EconomicGrowth #ShippingServices #InfrastructureDevelopment #SaudiArabia #Riyadh #RealEstate #BusinessSetupConsultancy #Vision2030

Ras Al Khaimah Economic Zone (RAKEZ), a business hub that offers a wide range of cost-effective solutions to #MSMEs and larger industrial players in the #UAE, has signed a Memorandum of Understanding (MoU) with Emirates Post, the postal arm of 7X. This partnership aims to streamline business processes for clients of both organizations by offering integrated solutions and value-added benefits, eventually fostering sustained business growth in the emirate of Ras Al Khaimah. https://bit.ly/40M219h

An approval from Saudi Arabia and an approval from the African Civil Aviation Commission have been obtained. A new airline focusing on the African market will be launched by Saudi Arabia, according to reports. In a report citing multiple sources, Saudi Arabia's Al Eqtisadiah Arabic newspaper reported that the airline will launch in Riyadh to promote tourism and investment in the kingdom and the African continent. According to the report, Saudi Arabia and the African Civil Aviation Commission (AFCAC) have approved the project. Al Eqtisadiah said the company's routes and details of the launch are still to be announced. It will be the relaunch of a defunct airline that operated in Saudi Arabia between 2016 and 2021 but was forced to shut down because of economic difficulties. Several African countries and Saudi cities are expected to be served directly and via stopover flights by the new airline, Al Eqtisadiah said. #ksa #saudi #saudiarabia #saudivision2030 #riyadh2030 #business #growth #finance #funding #airlines #africa Source - Zawya

Good insight