Warehouse rents in the UAE are expected to further increase by up to 10% in 2025, driven by strong demand, low vacancy rates and shortage of industrial land, according to Kunal Lahori, Director of Manrre REIT Logistics Fund, which specialises in institutional-grade logistics and industrial assets across the UAE and GCC. “Rents have risen 25-30% in the
Madhav Kurup, Dubai-based Regional CEO, has been promoted to Global Chief Operating Officer (COO) at Hellmann Worldwide Logistics. This marks a significant milestone as the first non-German appointed to a global C-suite role at Hellmann. Kurup’s new role makes him one of the four members of Hellmann’s Executive Management Team, globally responsible for the company.
Indonesia posted an unexpectedly large $4.42 billion trade surplus in November, double the figure expected by analysts as exports jumped and imports came in below market forecasts, official data showed on. The trade data is among a host of economic indicators the central bank will consider at its monetary policy review on Wednesday, with analysts
According to Savills latest European Logistics Outlook, investment volumes to date have totalled €26.1 billion, a 14% increase compared to the same period in 2023. This signifies the second highest level of investment in European logistics assets since the market reached a trough in Q1 last year. Savills notes that investment in the third quarter
Kayanat, a leading provider of transformative solutions for Saudi Arabia’s energy and industrial sectors, is pleased to announce a strategic joint venture with PIONEERS, an innovative company specializing in engineering, logistics, automation, and digital solutions in the Kingdom. The partnership, formalised during a signing ceremony at ADIPEC 2024, will drive the adoption of groundbreaking technologies
Majid Al Futtaim, the leading shopping malls, communities, retail, and leisure across the Middle East, Africa and Asia, in collaboration with Parkin, is introducing barrierless parking at three of its most popular malls; Mall of the Emirates, City Centre Deira and City Centre Mirdif, revolutionising the parking experience. Shoppers arriving at Mall of the Emirates,
Maersk has opened a fulfillment centre to service Levi Strauss & Co. as the retailer continues its distribution and logistics network transformation to increase its omnichannel capabilities. The 1.2-million-square-foot omnichannel fulfillment centre in Groveport, Ohio, will serve the retailer’s wholesale, retail and e-commerce channels. Services include end-to-end solutions from origin consolidation to omnichannel fulfillment. While
Kenya’s fresh produce sub-sector faces significant losses as several international airlines withdraw freight services from Jomo Kenyatta International Airport (JKIA) for “better pay” in other markets ahead of the festive season. The situation is exacerbated by the Red Sea crisis, which has increased the cost of transit through the Suez Canal by $200 per refrigerated
The metamorphosis of Amazon into an end-to-end logistics provider for online merchants has taken another step forward. Amazon is now offering its sellers a fully managed end-to-end logistics service through Supply Chain by Amazon. According to the e-commerce giant, this is a complete package to move products from manufacturer to customer, using Amazon’s logistics, warehousing
Boeing has reached a critical agreement with the International Association of Machinists (IAM) District 751, representing more than 33,000 employees, potentially avoiding a strike that could have had significant consequences for the aerospace giant. This tentative labour deal offers a crucial reprieve for Boeing, which has been grappling with multiple challenges over the past few
