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In June 2019 a memorandum of understanding was signed between skyTran and the Roads and Transport Authority (RTA) of Dubai in the United Arab Emirates to develop a Sky Pod suspended transit system. [21] In February 2021, Reliance Industries increased its shareholding in skyTran to 54.46% with an additional investment of $26.76 million making ...
Transworld Group of Companies was established in 1977 by R. Sivaswamy as a shipping company in Mumbai.In 1989, the company came under the leadership of chairman Ramesh Ramakrishnan and later expanded its operations into shipping, marine and logistics in the Indian subcontinent and the Gulf region.
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Dubai Ports International (DPI) was founded in 1999. [4] Its first project was at Jeddah , Saudi Arabia , collaborating with a local partner on the South Container Terminal (SCT). DPI then began operations at the ports of Djibouti in 2000, Vizag , India in 2002 and Constanța , Romania in 2003. [ 4 ]
In 2012, DTDC acquired a 52 percent stake in Eurostar Express of Eurostar Group in the UAE. [8] In April 2013, DTDC acquired 70% of Nikkos Logistics. [9]In June 2013, French courier company Geopost (owned by La Poste) acquired a 39% stake in DTDC from Reliance Capital's private equity arm, taking its overall ownership in DTDC to 42%.
Aramex is chairing the alliance which uses a shipment management system developed by the company. [10] [11] [12] Aramex went public on the Dubai Financial Market in February 2005. [2] [6] [7] The IPO raised US$270 million. [2] The company's revenue increased 23% over 2004 and net income increased 56% that year. [2]
The Dubai Multi Commodities Centre (DMCC) is a commodities exchange and free-trade zone in the United Arab Emirates. It is located in the Jumeirah Lake Towers district of Dubai . The DMCC was created in 2002 and deals in four main sectors: precious commodities (e.g., gold, diamonds); energy; steel and metals and agricultural commodities (e.g ...
When Dubai Cargo gateway was built in 1991, it was designed to handle 150,000 tonnes of cargo per year. The 300,000-square-metre complex was built at a cost of $75 million (about Dh 275.5 million) to accommodate air and sea freight growth and facilitate transshipment operations between the Indian sub-continent, South East Asia, the Far East and Europe.
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