A Frost & Sullivan report says weak infrastructure and a paucity of local talent were hampering Saudi Arabia’s growth in the logistics sector where transportation accounted for close to half of the sector’s total revenues of $16.73 billion in 2012.
BAHRAIN’S Khalifa Bin Salman Port will get busier with the announcement that it will soon have direct services to the US, Malaysia, Thailand, Korea and China. The announcement was made by Marco Neelsen, chief executive of APM Terminals Bahrain, which is operating the port.
Dubai witnessed several key developments in the logistics sector in recent weeks with construction work beginning in some and one company formally opening its facility.
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai, announced it recently concluded the semi-annual meeting of bunker providers in DMCA’s offices.
12pc rise in Aramex profitDUBAI logistics firm Aramex posted a second-quarter net profit of Dh72.3 million ($19.7 million) compared with net profit of Dh64.6 million in the corresponding period of 2012, marking a rise of 12 per cent.