ECDC taps Hutchison Ports to develop SPARK logistics area

Updated 10 September 2019

ECDC taps Hutchison Ports to develop SPARK logistics area

The Energy City Development Company (ECDC) and Hutchison Ports have signed an MoU to jointly develop, market and operate the Logistics Zone and Dry Port within the King Salman Energy Park (SPARK), a 50-square-kilometer  multibillion-dollar mixed-use development in Saudi Arabia.

SPARK is a hub designed to help bring the energy sector value chain together to drive efficiencies, promote innovation, and support the growth of businesses.

The Logistics Zone is a core component of SPARK, occupying an area of over 300 ha. It will offer a full range of logistics services to industrial tenants and third party cargo owners including a bonded area for international cargo, dedicated customs clearance services, a state-of-the-art automated container terminal, and multi-modal connectivity via road and rail. The Logistics Zone is designed to support Saudi Arabia’s vision and its role as an integral driver of international trade to connect three continents.

The agreement was signed by Saif S. Al-Qahtani, president and CEO, SPARK and Andy Tsoi, managing director for Hutchison Ports Middle East and Africa.

Al-Qahtani said: “We are pleased to announce this important milestone. SPARK is a visionary project that is a core part of Saudi Vision 2030. We aim to create the ideal environment for energy sector businesses, and logistics is a key enabler for this industry. To achieve our ambitious goals, we are seeking to partner with the best in each field and Hutchison is a leader in this field.”

Tsoi added: “Hutchison is proud to have reached this agreement with SPARK and looks forward to building and operating a facility that will support Vision 2030 initiatives and we continue to ensure our investments in Saudi Arabia bring the latest technology to all activities. We look forward also to providing exciting opportunities for talented Saudis to develop advanced logistics skills and experiences.”


Ras Al-Khaimah to host Mideast’s first ‘business Oscars’

Updated 16 September 2019

Ras Al-Khaimah to host Mideast’s first ‘business Oscars’

The Stevie Awards, known widely as the “business Oscars,” has reached an agreement for a strategic partnership with Ras Al-Khaimah Chamber of Commerce and Industry (RAK Chamber) for the first annual Middle East Stevie Awards to be held in Ras Al-Khaimah in February 2020.
The Middle East Stevie Awards will recognize innovation in the workplace from across 17 MENA countries and the awards program and gala prize-giving ceremony will be held in Ras Al-Khaimah for the first three years and at least every other year thereafter. The announcement was accompanied by a call from Stevie Awards for entries for the inaugural edition.
“Hosting the inaugural edition of the Middle East Stevie Awards here in Ras Al-Khaimah is a significant accomplishment, and another noteworthy milestone to add to the emirate’s successful track record, continuing on the same path of progress that has been taking place across all sectors, in line with the directives of our wise leadership,” said Mohamed Ali Al-Nuaimi, chairman of RAK Chamber.
“I was extremely gratified when the RAK Chamber approached us about partnering with them on a new Stevie Awards program for the Middle East and North Africa,” said Michael Gallagher, founder and executive chairman of the Stevie Awards. “We have recognized the achievements of executives, entrepreneurs, and organizations across the region for many years in our other programs. The time is right for the region to have its own Stevie’s program. We are excited to launch the Middle East Stevie Awards, and look forward to the first gathering of Stevie Award winners in the program in Ras Al-Khaimah in February.”