The Dubai Government will help Dubai World in restructuring its US $22 billion debt by paying off short-term loans, according to Abu-Dhabi based newspaper Al Ittihad.Dubai World includes major property developers Nakheel and Limitless. [mappress] Source:uaenews,March 25,2010
The Kuwaiti Fund for Economical Development is today signing an agreement with the Ministry of Planning and International Cooperation in Yemen in order to fund the Socatra port project with $50 million. It’s expected that Mr. Abdulwahab Ahmed al-Badr, the General Manager of… [mappress] Source:yobser
Over the past five years, GCC states have dedicated significant amounts of time and money to developing maritime facilities. As a result, a number of strategic interests have emerged, as reflected in the increase in the number of specialised maritime projects, including sports… [mappress] Source: gu
Gulf News reported that the Phase I of Abu Dhabi’s USD 2.18 billion Khalifa Port will become operational in 2012 and the capital plans to develop smaller ports to cope with increasing traffic… [mappress] Source:gnews,March 19,2010;
DUBAI The National Marine Dredging Company (NMDC) said yesterday it had asked for ministerial approval to increase its capital to Dh216.8 million (US$59m)… [mappress] Source: Business, March 16, 2010
BAGHDAD: Iraq will next month invite foreign firms to submit bids for the planned construction of a US$6 billion (US$1 = RM3.32) port south of Basra, which together with a new rail system will create a regional transport conduit to rival the Suez Canal, officials say… [mappress] Source:btimes,March
The Ministry of Works (MoW) has completed the first phase of dredging of the Bahrain Approach Channel (BAC), which leads to the new Khalifa Bin Salman Port (KBSP) and other port facilities in the kingdom… [mappress] Source:tradearabia,March 15,2010;
The authorities in Abu Dhabi are reportedly on track to complete by US$409m project to construct a channel that will improve access to the Mussafah industrial zone by the middle of 2010… [mappress] Source: Maritime Journal, March 11, 2010
Projects like Dubai’s “The World” will cause untold damage of shoreline erosion and habitat loss. So do modern ports, threatening endangered species. But there are solutions, says US expert… Source: Green Prophet, March 5, 2010
Oman’s Port of Salalah plans to issue tender documents for construction work on the $120m expansion of the port’s general container terminal to begin by the end of March… [mappress] Source: AME Info, MArch 1, 2010
The Port of Salalah to embark on a major expansion of its container and general cargo terminals during the next phase of its development — an upgrade that would effectively launch Salalah into the major league of transhipment hubs of the world. [mappress] Source: Oman Daily Observer, February 23, 20
Dubai World is expected to hold onto its global port terminals business despite the group labouring under massive debts. [mappress] Source: TradeWinds, February 18, 2010;
Yemen and Dubai’s DP World plan a major expansion of Aden’s container port, betting on growth in the country despite Al Qaeda, instability and Somali pirates, officials said. [mappress] Source:maritimenews,February 12,2010;
Qatar Gas Transport Company Ltd. (NAKILAT) has signed a joint venture agreement with Damen Shipyards Qatar Holding B.V., a wholly owned subsidiary of Damen Shipyards Group, to jointly operate a shipbuilding facility in the Port of Ras Laffan, Qatar. [mappress] Source: MarineLink, February 7, 2010
