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Logistics Tristar Group Acquires Logistics Land in the Port of Duqm

Tristar Group, the global integrated energy logistics company, has acquired more than 11,000 square meters of logistic land in the Port of Duqm that will have a 3,048 square meters covered warehouse with a capacity of 5,000 pallet position and an open yard for future expansion. The logistics warehouse project will offer 3PL and 4PL services.

Tristar established its presence in Muscat, Oman in 2002 and is now a key transporter for major international and local oil and gas companies. It operates across 20 countries within 3 continents and has a 21-year proven legacy of operational quality making it a partner of choice to its customers, with a track record of profitable growth.

Tristar also has a new facility located in the Rusayl Industrial Estate Phase 2 with a total plot size of 15,000 square meters with an office building, a warehouse with a capacity of 1,000 pallet position, a five-bay workshop with two inspection pits, and a washdown bay. It can store products outside and inside the warehouse.

The facility offers Port Marine Services at various Ports and Anchorage areas in Oman by transporting crew, supplying fresh water, stores, lube oil, and gas oil; and providing marine logistics. At a recent lease agreement signing ceremony, Eugene Mayne, Group CEO of Tristar said: “The expansion of our presence in Oman to Duqm further strengthens our value proposition as we continue to serve the future requirements of our international oil and gas customers as well as major local companies, with the highest level of operational and international safety standards. We constantly seek to build partnerships through which we can expand our service offering to our customers across the GCC

and beyond, and the Port of Duqm provides us with the perfect platform to do so.”

Reggy Vermeulen, CEO of Port of Duqm added: “We are committed to offer continuous support to Tristar Group in setting up its facility in Duqm and aims to continue giving the best customer experience and value offerings to its clients globally and locally. By attracting such leading logistic service provider to our logistics area we aim to confirm Port of Duqm’s position as the center of excellence serving the oil and gas industry in the Sultanate of Oman and beyond.”

Vehic es H.H Sheikh Ahmed bin Saeed Al Maktoum l ays foundation stone for W Motors Production Facil ity

H.H Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), today laid the foundation stone for the W Motors Automotive Facility in Dubai Silicon Oasis, UAE, the first manufacturing facility of its kind in the Middle East with an investment of AED370 million.

The groundbreaking event was also attended by Dr. Mohammed Al Zarooni, Vice Chairman & CEO of DSOA, and Ralph R. Debbas’, W Motors Founder & CEO.

His Highness Sheikh Ahmed bin Saeed Al Maktoum said, “As Dubai continues to consolidate its position as an international testing ground for state-of-the-art technology, it is attracting foreign direct investments, international tech companies, promising start-ups, and innovative entrepreneurs from around the globe.”

He added, “As the comprehensive geo-economic map of the emirate is being developed by the Dubai Free Zones Council, in line with the “Fifty-Year Charter” launched earlier this year by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which will accelerate the drive for further economic diversification and give it more momentum, free zones like Dubai Silicon Oasis continue to be the hub of choice for cuttingedge companies looking for advanced business ecosystems that provide full traction for launches and growth locally, regionally, and globally.”

The state-of-the-art Automotive Facility sees W Motors Founder & CEO Ralph R. Debbas’ vision of driving the region’s automotive industry become a reality. Spread over an immense 120,000 sqft., the first phase of the project is set to be completed by 2020. Production of all W Motors vehicles will move to this location including the limited series Fenyr SuperSport, upcoming new vehicles,

electric and autonomous models, as well as all vehicles under the company’s Special Projects Division.

W Motors recently announced that it has become the first private company to deposit its shares in Nasdaq Dubai’s Central Securities Depository (CSD). Joining the CSD enhances W Motors’ links to investors and can be a step on the route towards a variety of financing solutions. The Automotive Facility will allow for W Motors to share its expertise and know-how on a much wider scale, and contribute to the Dubai economy through creation of jobs and offering opportunities to young talent.

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Infrastructure Rul er of Fujairah orders construction of 44 kil ometres of internal roads

According to the Emirates News Agency (WAM), H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, ordered the construction of 44 kilometres of internal roads.

He made this statement while chairing the third meeting of the Fujairah Development Committee, attended by H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, and several officials, which discussed local development and services plans.

During the meeting, Sheikh Hamad presented the details of key future development projects to be implemented

Initiati es FedEx Cares Program Launched in Saudi Arabia

in the emirate, stressing the importance of adopting the highest infrastructure quality standards, in line with the vision of the UAE’s leadership, the country’s National Agenda, the UAE Vision 2021 and the Fujairah Plan 2040.

He also instructed those concerned to support all local services projects and complete them as soon as possible, to provide the best services to the emirate’s road users.

Sheikh Hamad then directed everyone involved to examine the basic needs of the emirate’s cities and regions and discuss services project proposals for the next meeting of the committee.

SAB Express, the global service provider of FedEx Express in Saudi Arabia, joined hands with Swish Community Service to promote the social inclusion of young adults with special needs in the Saudi society.

As part of the FedEx Cares global initiative, SAB Express team members are contributing their hard work, skills and hearts to improve communities in need and volunteering their time and attention.

SAB Express team members supported the Jeddah Special Needs Club basketball players and engaged them in a friendly game between the two teams.

In cooperation with Swish Community Service, forty SAB Express team members dedicated half a day to the Jeddah Special Needs Club members. The event included an introduction session about wheelchair basketball, presented by the Jeddah Club players. The day also included training for SAB and Swish team members on the basics of how to play basketball in a wheelchair. These fun activities were aimed at social inclusion and the empowerment of special needs sports players, while nurturing their social skills and confidence.

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Masdar and Abu Dhabi Ports sign MoU to support Abu Dhabi Economic Vision 2030

Masdar and Abu Dhabi Ports Company have signed a MoU to support the economic growth of the emirate of Abu Dhabi and achieve the objectives of the Abu Dhabi Econom ic Vision 2030.

The MoU was signed by Yousef Ahmed Baselaib, Masdar Executive Director of Sustainable Real Estate, and Captain Maktoum Al Hoqani, Chief Corporate Authority Officer, Abu Dhabi Ports, on the side lines of Abu Dhabi Sustainability Week, taking place this week at the Abu Dhabi National Exhibition Centre (ADNEC). Masdar and Abu Dhabi Ports, representing its subsidiaries, Khalifa In dustrial Zone Abu Dhabi (KIZAD) and Abu Dhabi Free Zone (ADFZ), will collaborate to develop a framework that will allow investors in Abu Dhabi to expand their business op erations across the zones under their management, while also reducing costs and increasing the com petitive advantage of the Emirate. The companies will also work together in the areas of sustainability, renewable energy and in novation.

“Masdar is committed

to achieving the objec tives of the Abu Dhabi 2030 economic vision and to supporting the Emir ate’s economic growth,” said Mohamed Jameel Al Ramahi, Masdar Chief Executive Officer. “By working closely with Abu Dhabi Pzorts and its sub sidiary free zones, we can help investors in Abu Dhabi to obtain competi tive advantage, and give them the flexibility and choice to expand their operations. We also look forward to working more closely with Abu Dhabi Ports on driving innova tion in sustainability and renewable energy.”

Captain Mohamed Juma Al Shamisi, Group CEO of Abu Dhabi Ports said: “This MoU between two of Abu Dhabi’s premier organsiations strengthens our collective drive to wards making Abu Dhabi a leading trade and logistics facilitator in the region. Abu Dhabi Ports, and its key subsidiary KIZAD will continue to play a vital role in supporting the eco nomic growth of the UAE by enabling trade and investment, as well as in novation and sustainability in the country through such partnerships.”

Av iation Et ihad targets zero net carbon emissions by 2050 Etihad Airways, the national airline of the United Arab Emirates, today committed to a minimum target of zero net carbon emissions by 2050 and halving of its 2019 net emission levels by 2035.

The company’s ambitious environmental targets will be achieved through a mix of internal initiatives, collaboration with industry partners and adoption of a comprehensive program of relevant carbon offsets, to be developed with specific focus on the requirements of the UAE and markets served by the airline. The Group Chief Executive Officer of Etihad Aviation Group, Tony Douglas, said: “The global focus on the environment and the urgency of reducing carbon emissions has never been greater. Etihad Aviation Group, together with its partners, is taking an active role in reducing the impact of

aviation on the environment through initiatives ranging from optimised fuel management to sustainable financing practices.”

Shipping Grandwel d awarded contract to buil d tw o crew boats for gl obal marine operations

Grandweld Shipyards, a leading UAE-based ship repair and conversion facility, concluded 2019 by securing a deal with Global Marine Ship Management and Operations (GMO) to build and deliver two new 42-meter crew boats. The contract yields significant value for both companies as it enables the opportunity to boost business, strengthen business to client relations, enhance maritime stature, and ultimately build up the economy of both the country and region. Eng. Jamal Abki, General Manager of Grandweld Shipyard emphasized, “We are extremely pleased to collaborate with GMO and close out the year on such a high note. Since our birth in 1984, we have constantly sought out methods of growing both internally and externally. Accordingly, this union reinforces the repeated and successful implementation of a meticulous strategy that we have administered over 35 years. Grandweld’s strength lies in our specialization of design, builds and maintenance of ships and boats. After engaging in productive discussions with GMO and tactically examining its future ambitions, we are confident that these new designs will be of great value for them

in the coming decade and beyond. Additionally, we are optimistic that the delivery of our new generation 42-meter crew boats will further develop our strong and longlasting partnership for many years to come.”

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Quote

The outstanding results were driven by a solid improvement in the oil sector, in addition to the remarkable growth of our business units, buoyed by higher transportation rates.” Abdullah Aldubaikhi, CEO, Bahri on their Q4 2019 results

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UAE to Save AED 11 Billion through Blockchain Implementation

Al Wathba National Insurance Company (AWNIC), one of the UAE’s top insurance companies for digital and smart services, today launched its E-Commerce website with faster services and its very own Online Salvage Car Auction System. AWNIC was recently recognized by the UAE Insurance Authority as the leading company in the adaptation of technology and won the regulator’s “Digital Transformation & Smart Services” Award.

“Receiving such a distinction from an industry regulator for the second year in a row is an invaluable recognition of the company’s unique initiatives especially in such a competitive market, said Bassam Chilmeran, AWNIC’s Chief Executive Officer. “Today AWNIC is launching its first interactive website and mobile app to avail its products online and process motor claims digitally for customers. We are very proud to be leading the way in smart services and are committed to pursuing our digital transformation journey.”