The Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) have inked a deal to build a Fully Logistics Park spanning over 1 million square meters at King Abdulaziz Port in Dammam, with an investment nearing one billion Saudi Riyals.
The Isle of Man Ship Registry (IOMSR) is further growing its presence in the Middle East with the appointment of a representative for the region.
The UAE's significant achievements support its candidacy for category B membership in the Council of IMO as it's looking forward to being re-elected for the fourth consecutive time in the 2023 elections
Saudi Aramco is planning to acquire of 10% stake of China’s Shandong Yulong Petrochemical for oil products purchase and supply cooperation.