Quotes: 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
 Oct 7 2015 - Sursock reborn as Beirut's first interactive museumAFP
(MENAFN - AFP) From nighttime walks around the city to workshops on art conservation, Beirut's grandiose Sursock Museum reopens this week as Lebanon's first interactive museum of contemporary art. ...

 Oct 7 2015 - Saudi tycoon raises stakes in TwitterAFP
(MENAFN - AFP) Saudi tycoon Prince Alwaleed bin Talal and his Kingdom Holding Company announced Wednesday they have increased their stake in Twitter Inc to become the firm's second-largest ...

 Oct 7 2015 - Major Omani firms set to log net earnings drop in 9MMENAFN
(MENAFN) Major Omani firms are predicted to post a drop in their net earnings, however, revenues will grow slightly for the first three quarter of this year compared to a year earlier.Net earnings of ...

 Oct 7 2015 - Four Emirati servicemen killed in suicide bombings in YemenThe Arabian Post
(MENAFN - The Arabian Post) The four Emirati soldiers killed in Yemen on Tuesday have been brought home to full ceremony.The General Command of the Armed Forces announced that the soldiers died in ...

 Oct 7 2015 - International aid to Syrians 'utterly inadequate': OxfamJordan News Agency
(MENAFN - Jordan News Agency) Global efforts to help Syrians both inside and outside their war-torn country have proved "utterly inadequate", international aid group Oxfam Wednesday said in a newly ...

 Oct 7 2015 - Israeli forces arrest 40 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Wednesday arrested 40 Palestinians from various parts of the occupied West Bank including Jerusalem, according to a statement by the ...

 Oct 7 2015 - Jeddah's hotel revenues report weak results in AugustMENAFN
(MENAFN) Four and five star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45 for the month. Due to a ...

 Oct 7 2015 - Jewish settlers storm Al Aqsa MosqueJordan News Agency
(MENAFN - Jordan News Agency) Groups of Jewish settlers continued to storm Al Aqsa Mosque on Wednesday via Bab Al Magharbeh Gate under the protection of Israeli army and police.The Islamic Awqaf ...

 Oct 7 2015 - Canada rejects assaulting Muslim women wearing niqabJordan News Agency
(MENAFN - Jordan News Agency) Canada's Prime Minister Stephen Harper Wednesday stressed that his government rejected the latest attacks on Muslim women in Canada because of wearing the niqab.The ...

 Oct 7 2015 - Two Palestinians injured by Israeli forces in BethlehemJordan News Agency
(MENAFN - Jordan News Agency) A Palestinian young man on Wednesday, was injured during violent clashes with Israeli occupation forces and settlers east of the West Bank city of Bethlehem.The ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help