Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Nesma strengthens logistics operations in KAEC  Join our daily free Newsletter

MENAFN - Arab News - 11/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) Nesma Holding recently signed a contract with King Abdullah Economic City (KAEC) for an industrial land plot in KAEC Industrial Valley-phase 2, where Nesma will establish a regional logistics center in cooperation with DHL International. Nesma is considered one of the biggest providers of logistic services in the Gulf, handling four million containers a year.The contract was signed by Fahd Al-Rasheed, MD & CEO of KAEC, and Faisal Al-Turki, chairman and VP of Nesma Holding. Welcoming Nesma Holding to the community of leading local and international companies that have made KAEC and the Industrial Valley the center of their regional operations, Al-Rasheed said: “Nesma Holding is one of the leaders of the real estate management and development industry and we are delighted that the company has chosen to invest in a logistic services center at KAEC as part of its diversification strategy.”“Logistics are among the main sectors that we have targeted for KAEC since logistic services provide essential support for almost all of the businesses operating in the city and the Industrial Valley,” he added. Al-Rasheed added: “KAEC is moving forward at fast pace through a wide range of commercial and industrial enterprises that will ensure continuity and prosperity for generations to come.” Speaking on behalf of Nesma Holding, Faisal Al-Turki expressed his confidence and trust in KAEC, saying: “We decided to invest in establishing our regional logistics center in KAEC due to the excellence of the fully integrated infrastructure, the world-class residential accommodation and support facilities, and the strategic advantages of the unparalleled transportation facilities that include King Abdullah Port, the Haramain Railway and the state-of-the-art road network, all of which give fast and easy connection to customers throughout the Kingdom of Saudi Arabia and across the region.”


 


Arab News




  MENA News Headlines
 Sep 16 2014 - Qatar Re gross premiums growth to grow by 60 percentin 2014MENAFN
(MENAFN) Qatar Re is expecting gross premiums to increase by more than 60% to USD550 million this year after reporting a gross premiums of USD327 million in the January-June period, increasing 55 ...

 Sep 16 2014 - Kuwait- Int'l community responsible for Iraq's security, stability - Sheikh Sabah Al-KhaledKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The international community bears the responsibility of assisting Iraq to maintain its security and stability in the face of terrorist groups, said Kuwait's First ...

 Sep 16 2014 - Libya's democratic transition lives critical moment - UNSMIL officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Special Representative of the Secretary-General and Head of United Nations Support Mission in Libya (UNSMIL) Bernardino Leon expressed to the Security Council ...

 Sep 16 2014 - Saudi Aramco, Thai PTT, in joint Vietnamese projectMENAFN
(MENAFN) Saudi Aramco, the world's biggest oil producer, joined with Thai energy company PTT announced submitting a USD22 billion refinery and petrochemical complex in Vietnam to the government, Arab ...

 Sep 16 2014 - Kuwait's economic development plans analysed by int'l firmKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's bid to galvanise economic growth by introducing new legislation governing foreign direct investment (FDI) was analysed in an internationally-conducted ...

 Sep 16 2014 - Belgium- Rasmussen welcomes int'l coalition against ISILKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) NATO Secretary-General Anders Fogh Rasmussen on Monday welcomed the efforts by the United States and other allies and partners to act against the Islamic State in ...

 Sep 16 2014 - Kuwait- Parl't Speaker congratulates Honduras, Nicaragua, Costa Rica, El Salvador, Guatemala on nat'l daysKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) National Assembly Speaker Marzouq Al-Ghanim sent a cable of congratulations on Monday to President of the National Congress of Honduras Mauricio Oliva Herrera and ...

 Sep 16 2014 - UN peacekeepers on Golan Heights pull back to IsraelKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The situation in the UN Disengagement Observer Force (UNDOF) area of separation on the Syrian side of the borders with Israel has deteriorated severely over the ...

 Sep 16 2014 - Kerry to rally support for Iraq at UNKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) US Secretary of State John Kerry will be in New York on September 19 "to chair a ministerial debate of the United Nations Security Council on Iraq as part of the ...

 Sep 16 2014 - Kuwait committed to supporting Palestinians - Kuwaiti officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's international and humanitarian efforts on putting a stop to the recent Israeli assault on Gaza were emphasised by Ministry of Justice Undersecretary ...

more...


 






Google

 
 

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

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
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help