Middle East

Transas Middle East is to install and commission a Vessel Traffic Management Information System at the new Bahrain port of Khalifa, which is slated to become a regional transhipment hub. The software…

Omans Port of Salalah is to invest $112m on supplying new handling equipment for recently commissioned berths, which will boost capacity from 4.5m teu to 6m teu.

Overall, in the first quarter, ports in Saudi Arabia handled a combined 36.1m tonnes, 9.94% up on the previous year.

A tariff reform being considered for Israeli ports could save up to $290m over the next 10 years. In addition, port users willing to undertake operations outside normal daytime shifts will receive…

DP World is to ask its shareholders for approval to buy back 581m of its shares. At the same time, it is considering issuing securities totalling $553m, equivalent to one third of…

After having awarded contracts worth $952m to build the initial phase of Khalifa Port, the government of Abu Dhabi has announced its intention to issue a new round of tenders covering additional…

Developer Emaar EC and DP World have signed an agreement to build and manage a new port in Saudi Arabia at King Abdullah Economic City.

JordanPorts Corporation has announced a three-year, $69m development planinvolving upgrades to infrastructure, construction work, quayrehabilitation and improvements to dock services. In 2007, Jordansports handled 17.8m tonnes, a 4% improvement over the previous…

ChinasHarbour Contracting Engineering Company in partnership with localcompany the Rafid Group has been awarded a $586.7m contract toundertake infrastructure work at Saudi Arabias proposed Ras Al-Zourport. To be completed by 2010 this…

ICTSI and IndiasHinduja Group have both been linked with a possible 45% equity acquisitioninvolving IransTidewater Middle East Marine Services Company, which is currently owned by thePorts and Shipping Organisation.

Part of Dubais Port Rashid may be forced to close at the end of next year because of its inability to accommodate the largest containerships currently operating in the Gulf.

The Portof Rotterdam is considering investing ¢ 170m ($240m) for the expansionof Sohar port in Oman even as it extends its own facilities toaccommodate increased traffic from Asia.

Abu Dhabi Ports has signed a $1.5bn contract with an international consortium to undertake the first phase construction of Khalifa port. Work will consist of excavating 47m cu m of sand, the…

DP World has paid $670m for a 90% stake in ECHCO, the majority shareholder in Egypts Sokhna Port Development Company. The remaining 10% of the equity is held by Amiral Holdings.

DP World is to undertake an initial public offering in which it intends to float 20% of its capital, which will be made available to global institutional investors, Gulf Cooperation Countries nationals…