EP governor launches first Saudi cargo village

Updated 07 April 2015
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EP governor launches first Saudi cargo village

King Fahd International Airport (KFIA), one of the region’s fastest growing and leading international airports, Tuesday unveiled its cargo village.
The launch event was presided over by Eastern Province Gov. Prince Saud bin Naif, in the presence of Sulaiman Abdullah Al-Hamdan, president of the General Authority for Civil Aviation (GACA), royal family members, top executives of several public departments and the top management of KFIA.
The cargo village is spread over half a million square meters. More than 70 percent of goods bound for the Gulf region are destined for the Kingdom, and by facilitating operations the cargo village positions KFIA as a multi-modal shipment and clearance destination, directly serving the Eastern Province and the Kingdom.
The new facility offers direct access to Saudi Arabia and bypasses the need for cargo to transship through neighboring countries.
Al-Hamdan said: "We are delighted by the launch of the first cargo village in the Kingdom, and we believe that it will play a vital role in supporting the Saudi economy. KFIA’s cargo village offers ease of shipping and cargo services while serving as a regional hub for global companies. Most importantly, the cargo village creates new economic and employment opportunities for the Eastern Province.”
For the planning and implementation of the cargo cillage, KFIA has worked in cooperation with Saudi Customs and Changi Airports International (CAI).
The cargo village has been designed to the latest international standards and has been customized to maximize convenience for airlines and freight companies operating from KFIA. The cargo village guarantees express cargo delivery with reduced shipping times and increases cargo capacity, promising operating efficiencies for freight companies.
KFIA Director-General Yousef Al-Dhahri said: “King Fahd International Airport is proud to present to Dammam, the Kingdom and the region this dynamic facility revolutionizing the way cargo is handled in the region. With our continued partnership with Changi Airports International and their efforts, we are on track to becoming one of the region’s leading aviation hubs serving both passenger and cargo traffic. We anticipate that we will soon be starting the next phase as the demand for facilities is expected to grow strongly.”
CAI CEO Lim Liang Song lauded the close working partnership among CAI, KFIA and Saudi Customs. He said: “We are proud to be part of this partnership in bringing this innovative facility to Dammam. The cargo village will provide greater connectivity and cost efficiencies, and enhance KFIA’s position as a key regional cargo hub on the Eastern seaboard of the Kingdom.”
The two-year construction commenced in December 2012 and is now fully operational. The first of its kind for multimodal facilities in the Kingdom, the cargo village has attracted leading international and regional freight companies, such as DHL Express, NAQEL, SMSA Express, TNT and UPS, to establish express cargo clearance facilities and offices at the King Fahd Cargo Village.


Egypt inks deal with Cyprus for power link to Europe

Updated 23 May 2019
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Egypt inks deal with Cyprus for power link to Europe

  • It is estimated the project will take 36 months to implement from the start of construction, with the lowest point 3,000 meters below sea-level
  • Phase 1 will see the interconnector carry a capacity of 1,000 MW which can be upgraded to 2,000 MW at a later stage

NICOSIA: Egypt has signed a deal with a Cypriot firm to lay a 310-kilometer (195-mile) cable under the Mediterranean to export electricity to Europe, the company said on Thursday.
Nicosia-based EuroAfrica described the deal, worth an estimated two billion euros, as a “landmark.”
“Cyprus now becomes a major hub for the transmission of electricity from Africa to Europe,” said company chairman Ioannis Kasoulides.
It is estimated the project will take 36 months to implement from the start of construction, with the lowest point 3,000 meters below sea-level.
Phase 1 will see the interconnector carry a capacity of 1,000 MW which can be upgraded to 2,000 MW at a later stage.
“The national electricity grid of Egypt will be linked to the European electricity system through Cyprus and will contribute to energy security,” Kasoulides said.
Following the crises in Crimea and eastern Ukraine, the EU has been keen to develop alternative sources of energy to reduce its dependence on imports from Russia.
In the past year, gas has started flowing from four major new fields off Egypt’s Mediterranean coast, and output is already sufficient to meet domestic needs.
The Arab world’s most populous country is now seeking to develop the infrastructure to export its newfound energy wealth, both as liquefied natural gas and as electricity.
Egypt is also seeking to import gas from fields off Cyprus and Israel to boost the profitability of the new liquefaction and export facilities it is developing on its Mediterranean coast.
In September, Egypt signed a deal with Cyprus to build an undersea pipeline to pump Cypriot offshore gas to Egypt for processing for export to Europe.
The plans have led to closer eastern Mediterranean ties, with Cyprus, Egypt, Greece and Israel holding regular high-level meetings.