The Port of Salalah's CEO, Peter Ford, said that the port's management signed a Memorandum of Understanding (MOU) with Spain's Algeposa Group, the international logistics firm in order to establish and manage a coastal distribution centre, reported Gulf News.
Ford added that the centre would allow Algeposa and its clients to get access to emerging countries in East Africa, South Asia and the Gulf due to the port's strategic location.
He also said that the project would include the establishment of a 40,000 square meters of facility of an investment of USD14 million and its annual cargo output would be forecasted to cross 400,000 tons.
It is worth noting that Algeposa Group's company, Arabian Sea Ports Services SL, will provide global distribution services like warehousing, freight forwarding, packaging in addition to transportation.
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Ford added that the centre would allow Algeposa and its clients to get access to emerging countries in East Africa, South Asia and the Gulf due to the port's strategic location.
He also said that the project would include the establishment of a 40,000 square meters of facility of an investment of USD14 million and its annual cargo output would be forecasted to cross 400,000 tons.
It is worth noting that Algeposa Group's company, Arabian Sea Ports Services SL, will provide global distribution services like warehousing, freight forwarding, packaging in addition to transportation.
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Jul 25 2011 Qatargas, Petronas sign LNG deal ,MENAFN
(MENAFN) Qatargas CEO, Khalid bin Khalifa Al Thani, said that the company signed a Heads of Agreement (HOA) with Malaysia's Petronas LNG in order to provide it with liquefied natural gas (LNG), report...
Jul 25 2011 Qatar's Al Meera, Saudi Al Muhaidib sign take over deal ,MENAFN
(MENAFN) Al Meera Holding Deputy CEO, Dr Mohammed Al Qahtani, said that the company signed a deal with Saudi Al Muhaidib Group to purchase the group's Giant Stores and Al Oumara Bakery Company in Qat...
Jul 25 2011 Bahrain's ECG invests USD60m in NEOS GeoSolutions ,MENAFN
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(MENAFN) The Refinery of Karbala Corporation's Ltd. CEO, Dean Michael, said that the company signed a deal with Iraq's oil ministry in order to construct a USD6.5 billion refinery in Karbala, reported...
Jul 25 2011 Kuwait- 3 held for liquor ,Arab Times
(MENAFN - Arab Times) The Farwaniya police have arrested three Indians for manufacturing liquor, reports Al-Watan Arabic daily. The daily quoting security sources police arrested the men in possession...
Jul 25 2011 Kuwait- 3 Asians held for theft ,Arab Times
(MENAFN - Arab Times) The Farwaniya police have arrested three Asians for stealing manhole covers in the suburb of Abdullah Al-Mubarak, reports Al-Watan Arabic daily. According to security sources, th...
Jul 25 2011 Kuwait- Beggars targeted ,Arab Times
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Jul 25 2011 Kuwait- Salesman attempts to molest woman ,Arab Times
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Saudi- An untimely kiss leads to divorce
3.
Qatar- Victoria's Secret opens Doha store
4.
Dubai's Hill Intl signs USD89m Comoros project contract
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China's CNPC starts oil output operations at Iraq's Al Adhab
6.
UAE building materials' prices up on growing demand
7.
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8.
Jordan- Several websites hacked in ongoing 'electronic war'
9.
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10.
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Hangman
Hangman provided by The Free Dictionary
Middle East North Africa - Financial Network
MENAFN News Market Data Countries Tools Section
Middle East North Africa - Financial Network
Arabic MENAFN
Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News
IPO News
Islamic Finance News
Private Equity News
How-To Guides
Technology Section
Travel Section
Search News
Market Indices
Quotes & Charts
Global Indices
Arab Indices
US Markets Details
Commodoties
Oil & Energy
Currencies Cross Rates
Currencies Updates
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Arab Stocks
Algeria
Bahrain
Egypt
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Lebanon
Morocco
Oman
Palestine
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Yemen
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