Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, chairman of Etihad Rail, and Sheikh Mohamed Bin Saif Bin Mohamed Al Nahyan, vice chairman of FAB?s board of directors have witnessed the signing of an agreement between Etihad Rail and First Abu Dhabi Bank (FAB) for financing railway passenger transport services, with a total value of US$541mn
Logistics
Abu Dhabi Ports to set up food logistics hub in UAE
Abu Dhabi Ports Group, which is backed by the sovereign wealth fund ADQ, has partnered with the UAE-based conglomerate Ghassan Aboud Group to set up food logistics centre in KIZAD, its economic zones subsidiary
RouteQ launches operations in Middle East
RouteQ, a subsidiary of Yandex and a provider of cloud-based delivery management software solutions, has announced an expansion of its operation to the Middle East
IVECO's new truck range provides increased productivity, safety and comfort
IVECO has launched the T-Way and S-Way trucks in the Middle East and Africa market, which provide increased productivity, safety and comfort
UD Trucks records 30% sales growth across MEENA region in 2021
UD Trucks has recorded approximately 30% sales growth in the Middle East, East and North Africa (MEENA) region in 2021, continuing an upwards trend for the brand, which had experienced 6% growth in the previous year