Category of: Category: Logistics

DFDS opens new shipping line on Egypt and Italy route

by the Logistics TransportIn the Category: Logistics

DFDS, the leading company in maritime transport and logistics, has opened a new maritime shipping frontier in the middle of Egypt and Italy.

With the introduction of the new line, DFDS included Mısır ⁇ in its service network for the first time, and started the first Ro-Ro transportation service in the middle of these markets nearly a decade later. The new border will make it easier to transport loaded grain and fruit, weaving and other goods to Europe via the Port of Trieste, and various works such as dairy works, agricultural and industrial works from Europe to Egypt. 

Shorter delivery deadlines will give you an advantage

The Dimyat-Trieste border, which will make its first voyage with its historical prestige on November 29, 2024, offers a fast and cost-effective alternative to container transportation, especially for perishable artifacts. The service, which will be organized once a week from both ports, will be operated for a period of approximately 68 hours from Dimyat ⁇ tan on Fridays and from Trieste ⁇ on Mondays.

Lars Hoffmann, Head of DFDS Mediterranean Business Unit, stated that they are very excited to announce the opening of the new sea freight transportation line in the middle of Dimyat and Trieste as DFDS and said ⁇ With this new route, our customers will benefit from shorter transit times and competitive transportation offers ⁇ . 

DFDS entered into a strategic partnership with Pan Marine Shipping Services, the leader in shipping and logistics services in Egypt for the Egyptian operations of this service. For this new route, Pan Marine commissioned a special terminal in Dimyat Port and the terminal was equipped to manage all shipments, thus ensuring a problem-free and efficient process for cargo loading and unloading.

Pan Marine Deputy Leader Marwan El Shazly said the following about the new service: As Pan Marine, a comprehensive transport and logistics service provider, we offer marine assays in accordance with the requirements of both the local market and our global customers. The introduction of the new maritime freight transport route is a valuable milestone in Egypt's commercial relations with Europe. We are pleased to partner with DFDS to deliver innovative and efficient shipping assays. ⁇ 

New border offers opportunities for Turkish shipping companies

The new Dimyat-Trieste route is expected to increase commercial activity in ports and surrounding areas. In particular, the increased activity in the port of Trieste is expected to create new opportunities for Turkish transport companies already operating in Europe, in relation to the transport of incoming goods to other European markets.

Lars Hoffmann, Head of the Mediterranean Business Unit, said: "This new route will inevitably increase cargo from Trieste ⁇ ye and Trieste ⁇ to other European markets. In this context, the launch of this service will naturally increase the commercial dynamism in the region and make it possible for Turkish transport companies operating in Europe to provide transportation services for goods that will reach the Egyptian to Italian and other European markets. We are confident that this initiative will strengthen economic ties and promote growth for all in the region.

The new line was introduced on 5 November 2024 in Cairo, Egypt, at an event attended by local authorities, DFDS customers and representatives.

Is Russia the cause of mysterious fires targeting cargo flights to the USA?

by the Logistics TransportIn the Category: Logistics

A series of package fires aimed at courier companies in Poland, Germany and the UK were attempts to sabotage flights to the US and Canada, according to Polish prosecutors. Katarzyna Calow-Jaszewska, The group's goal was also to test the transfer channel for these medical packages, which would eventually be sent to the United States and Canada. He said it.

Calow-Jaszewska, He said four people had been arrested late last month and that authorities across Europe were investigating the incidents.

Transfer channel tested

Western security officials told US media they believed the fires were part of a campaign organized by Russia's military intelligence agency, the GRU.

Russia has denied that it is behind the sabotage. But he is suspected of lagging behind other attacks on warehouses and rail networks in EU member states this year, including Sweden and the Czech Republic.

Calow-Jaszewska said in a statement that a cluster of foreign intelligence saboteurs had been involved in sending packages containing hidden explosives and dangerous elements through courier companies. The packages then already caught fire or exploded.

Western officials say the fires were caused by electric massage machines containing a ⁇ magnesium-based ⁇ element.

by Calow-Jaszewska The group's mission was also to test the transfer channel for these medical packages, which would eventually be sent to the United States and Canada. He said it.

There have been fires before.

Within three days in July, a fire broke out in a container that had to be loaded onto a DHL cargo plane in Leipzig, Germany, at a shipping company near Warsaw, and at Minworth ⁇ te near Birmingham, England.

In the fire, there was a package indicated to be a incendiary device. According to Polish reports; The incident at Jablonow ⁇ near Warsaw lasted two hours.

UK officials gave little details about the Minworth fire on 22 July. Last month, the Guardian reported that the counterterrorism police were investigating whether Russian spies later planted a device in a flaming package in a DHL warehouse.

Head of MI5 ⁇ , the UK's internal intelligence agency Ken McCallum, Last month, Russian secret agents carried out arson, sabotage and more, he said.

In addition, McCallum said, Britain has carried out dangerous actions carried out with increasing recklessness after helping Ukraine in Russia's war.

In Germany, the head of the internal intelligence agency (BfV) pointed out that the fact that the Leipzig device does not ignite in the air is only a work of luck. 

 

Forward Air 2024 3rd Reports Strong Revenue Increase in Quarter

by the Logistics TransportIn the Category: Logistics

Forward Air Corporation (FWRD) reported a valuable revenue increase in the third quarter of 2024, largely due to the acquisition of Omni ⁇ . The company's revenue increased to $656 million compared to last year. %It increased by 92. Despite this growth, the Fast Shipping segment underperformed due to its volume-oriented pricing strategy.

To address this situation, Forward Air is bringing in a new Commercial Operations Manager to beautify its sales approach. The integration of Omni ⁇ is progressing as planned and valuable cost savings are expected. The financial stability of the company is evident with improved liquidity and manageable net debt levels. However, Forward Air revised its full-year EBITDA guidance downwards in light of the serene macroeconomic environment.

Points of Importance

  • Forward Air's Q3 revenue reached $656 million, year-on-year %It increased by 92.
  • The Fast Shipping segment underperformed due to a pricing strategy that prioritized volume over profitability.
  • A new Commercial Operations Manager will join in January 2025 to align the sales strategy.
  • Omni integration is progressing as planned, with annual savings of $75 million expected by early 2025.
  • The company opened a new warehouse in Miami to improve logistics in Latin America.
  • Liquidity rose to $460 million, and the net debt-to-consolidated EBITDA ratio was 5.4 times higher.
  • Due to the stagnant macro environment, the 2024 full-year EBITDA guidance was revised to $300-310 million.
  • With the departure of Jerome Lorrain ⁇ 's subsidiary and Craig Carlock ⁇ , board changes were announced.

Appearance of Company

  • Management is analyzing non-master assets for potential sale, there are currently no random announcements.
  • Despite market volume drops, strong demand for premium fast land transport services continues.
  • The 4th quarter EBITDA guidance reflects the usual seasonal patterns, with October expected to go strong.

The negative points

  • Due to the stagnant macroeconomic environment, full-year EBITDA guidance was revised downside.
  • The profitability of the Fast Shipping segment was influenced by its volume-oriented pricing strategy.

The positive points

  • Liquidity and financial stability were smoothed by a $15 million liquidity increase compared to the previous quarter.
  • Valuable annual cost savings are expected from Omni integration.
  • Loss of value costs decreased and working capital smoothed out.

The missing ones

  • Full-year EBITDA guidance corrected in form to reflect macroeconomic pressures is downsided.

Q&A Highlights

  • In the fast LTL business, revenue per shipment and the load is expected to increase.
  • The integration of the recent $2.5 billion merger is the current focus, with no quarterly guidance.
  • Monthly tonnage trends for October are now unconfirmed, with forecasts being cautious.

Forward Air's third-quarter profit invitation highlighted both its successes and challenges as the company progressed through the post-purchase rung and broader market conditions. The addition of a new Commercial Operations Manager and the strategic expansion in Miami demonstrate Forward Air's commitment to improving its service offerings and footprint. The company's proactive approach to financial management, as evidenced by its liquidity and debt levels, ensures that it survives in a relentless economic climate. Forward Air continues to optimize its operations and integrate Omni ⁇ 's assets, while focusing on costing logistics provider stakeholders and maintaining the position of president in the segment.

InvestingPro Predictions

Forward Air Corporation's latest financial performance and strategic attacks are reflected in InvestingPro ⁇ 's latest data. The company's revenue growth is particularly attractive to attention; In the last twelve months with the prestige of the 3rd quarter of 2024 %It shows an increase of 68.69 ⁇ , which is reported in the article %It's consistent with an annual revenue increase of 92. This strong growth is backed by an InvestingPro Tip, which shows that analysts expect sales growth in the current year.

However, the company's profitability offers a more complex picture. An InvestingPro Tip reveals that Forward Air ⁇ has not been profitable in the past twelve months, which is balanced by the reported negative F/K ratio of -10.3 ⁇ . This is in line with the low performance and downward revision of EBITDA guidance in the Fast Transport segment mentioned in the article.

Despite these challenges, Forward Air remained committed to shareholders. An InvestingPro Tip highlights that the company has maintained uninterrupted dividend payments for 19 years. Current dividend yield %It is 2.85 and offers investors a measure of compensation in this transfer of strategic transition and market uncertainty.

It should be noted that the share certificate of Forward Air ⁇ shows a strong performance in the short term; in the last three months %A price of 56.81 ⁇ provided a total return. This may reflect investors' optimism about the company's purchasing strategy and future growth potential, despite the current profitability challenges.

ADER Deputy Leader Kadooğlu Çifçi: ⁇ Fuel sector problems should be solved with common sense ⁇

by the Logistics TransportIn the Category: Logistics

Nergiz Kadooğlu Çifçi, Deputy Leader of the Association of Fuel Main Distribution Companies (ADER), brought the department's problems and analysis proposals to the language at the Power Hill held in Gaziantep.

Gaziantep Chamber of Commerce, Metropolitan Municipality and Gaziantep Fuel Dealers Association (GABDER) held within the scope of the Power Peak, ⁇ Overview of the Fuel Department ⁇ Speaking at the panel with bets ADER Deputy Leader Nergiz Kadooğlu Çifçi, stating that they are doing a troublesome job, ⁇ Fuel business is a difficult segment. We are trying to supply uninterrupted fuel to our country from all over the world. In addition, we are a very valuable department that tries to provide the best service and the most beautiful retailing 24/7 at our stations. But unfortunately, we are doing this job with very low profitability and in an environment where the competition is so heated.

Drawing attention to the problems of the fuel sector, ADER Deputy Leader Nergiz Kadooğlu Çifçi said that public and private branch cooperation is very valuable in the analysis of issues. Emphasizing that they are always on the side of common sense, Kadooğlu Çifçi said, ⁇ We always think that public, non-governmental organizations and private sector should support each other by meeting on the common ground. The decision of our regulators is invaluable. We always argue that the decisions taken should be analyzed. In each decision, the effect should be analyzed so that when this work is reflected to the players of the department, the mishaps are minimized.

⁇ Delay in ship supply ⁇

Reminding that they had some problems that negatively affected the department at the beginning of 2023, Kadooğlu Çifçi said that the problem was solved with the synergy created with the common mind. Kadooğlu Çifçi, who said that there have been delays related to ship supply in fuel shipment in recent periods, ⁇ We are facing some problems even though we try not to make our dealers feel this problem we are experiencing and to provide the most adequate service. While we are experiencing these problems, we also ask for the following basis, as if, in such a violent period, a reinforcement can be provided for national stock keeping in the past? Because today we are going through a thoughtful period as a department. Another issue we have as a branch is our expenses, which are our bleeding wounds. The costs of both distribution companies and our dealers are increasing every day. We're experiencing a brain drain in the department. Unfortunately, we are not able to attract well-educated young people to the department and we lose the experienced managers in the sector to the other departments. When this is the case, we can neither rejoice in the 21 percent growth in fuel oil nor can we develop work related to the stable going motorine. We have become a branch that has been overwhelmed and worn out with all the operation works.

⁇ National vehicle recognition system starts a new process for us ⁇

Kadooğlu Nergiz, who introduced what he sees as an application that will affect the branch of the National Vehicle Recognition System, stated that the public, NGOs and private sector do not meet at a common point in this bet, and our knowledge about the ⁇ National Vehicle Recognition System is still very incomplete and our belief in the possibility of this work is very low. We see a high probability that the cost increases will be reflected in the price of the latest consumer. In the last 15 years, fuel sales have increased by 50 percent and diesel and LPG by 125 percent. Moreover, despite the support of alternative fuels, this increase was achieved. These demand increases were achieved as a result of the studies carried out with the applied programs and branch resources. On top of all this effort, the National Vehicle Recognition System is starting a new process for us. We say it is starting, but now we have not witnessed its installation at a station, we do not know if there is any test for LPG. I mean, we don't exactly have an opinion. With this application, an additional cost of $20,000 per station is mentioned. We are talking about an investment of 2 thousand, 2 thousand 300 liras per vehicle. We are talking about the cost of approximately 10 billion TL for 12,500 stations and 16 billion TL for 8 million commercial vehicles. In addition, in the new year, these costs will increase at the rate of inflation. We think that it is not fair that this will increase at the annual inflation rate within three months after the announced prices. We're not so sure our department can handle this. To be honest, whoever does this job, whenever it is done, it is a huge investment. Meat does not leave the nail. We are a distribution company and dealers as a whole. If there is a cost added to which side, the other side will be affected. For this reason, we attach great importance to the fact that all stakeholders in the department act with a common mind for this kind of application, and we make the necessary effort to be positive for the benefit of our segment.

Kadooğlu Çifçi, who stated that they always support the effort with the unregistered, drew attention to the problems caused by the increase in the credit card usage rates in the sector and the burdens experienced with transportation costs, and gave information about ADER ⁇ 's analysis proposals.

In the panel moderated by GABDER President Mehmet Ergün Demir ⁇ in, Energy Market Regulatory Authority Deputy Leader Yılmaz Tamer, TOBB Turkey Petroleum and Petroleum Products Industry Assembly President Ahmet Erdem, Petroleum Works Employer Union President İmran Okumuş and Turkish Fuel Dealers Oil and Gas Companies Employer Union President Murat Bilgin also brought their opinions and proposals about the issues related to the sector to the language. ⁇ GAZİANTEP

China is building a hypersonic plane that can travel the world in 7 hours

by the Logistics TransportIn the Category: Logistics

A Chinese company has announced that it is testing the first prototype of a commercial transport aircraft that can travel almost twice as fast as the Concorde ⁇ , the world's first supersonic passenger-carrying aircraft.

According to the company, all the composite structures of the aircraft successfully withstood many conditions during the test flight.

Chinese Space Transport, known as Lingkong Tianxing Technology in China, announced the first successful test flight of the Yunxing prototype aircraft, according to Sputnik ⁇ .

According to the company's theses, the aircraft can fly at Mach 4 or about 3,69 miles per hour.

According to local media, the aircraft will be able to make its first flight in 2027.

CONCORDE STAYING BACK?

The Concorde aircraft broke all records of supersonic passenger travel when it was first introduced to the market. Concorde, which was designed and produced by Sud Aviation and later became part of France's Aerospatiale and British Aircraft Corporation, is still known as one of the masterpieces of aviation technology.

The Concorde was known as the first turbojet-powered supersonic passenger plane to carry passengers through the Atlantic at twice the speed of sound, and could reach Mach 2 or a maximum speed of 1,330 miles per hour.

The Chinese company aims to break the record by introducing a commercial aircraft that can now reach the Mach 4 face. It is claimed that the company's new aircraft can arrive from Beijing to New York in a journey that takes about two hours. Theoretically, this means that the plane could fire full medicine around the Earth in seven hours.

The new aircraft prototype, designed by China Space Transport, also has different features, such as taking off vertically and flying at an altitude of about 20,000 meters.

Minister of Transport and Infrastructure Uraloğlu Niğde ⁇ de spoke

by the Logistics TransportIn the Category: Logistics

Minister of Transport and Infrastructure Abdulkadir Uraloğlu, ⁇ To date, the number of vehicles passing through Ankara-Niğde Highway is 23 million 88 thousand. I can say that the total number of vehicles in Turkey is 30.5 million. Since 3 ⁇ 2 of the number of vehicles in Türkiye ⁇ was opened, it has been in traffic here until today. ⁇ said.

Uraloğlu, Niğde Municipality Cultural Center held at AK Party 7. In his speech at the Ordinary Central District Congress, he wished the congress to be good.

Uraloğlu, the voice of the oppressed nations, Gaza and Palestine, brought to the language that they are the sons of a nation that has always strived with difficulties throughout history and that this arduous effort continues today.

Drawing attention to the fact that they are surrounded by a circle of fire, Uraloğlu said:

There is a Russian-Ukrainian war on our north. Unfortunately, there is a year of oppression of Israel in Gaza. The only person who can say ⁇ no ⁇ in a clear and open form to this persecution is our President and the Republic Alliance. As Turkey, we are making maximum efforts to conclude this just case in accordance with international law and human rights and to ensure that Israel receives the punishment it deserves. We will continue to make every possible contribution to the establishment of lasting peace in the Middle East, especially in Palestine. We continue to show our humane attitude in the face of the conflicts in our close geography. Look, there is only one president who can meet with the two sides fighting in the Russia-Ukraine War at the same time, and that is our President Mr. Recep Tayyip Erdoğan ⁇ .

Uraloğlu emphasized that last week's terrorist attack on the TAI campus showed once again how disturbed they are by the strengthening of Turkey's dark forces that are trying to unite and unite the country.

Uraloğlu pointed out that Turkey, as in every field, has started a new era in the field of defense industry with its domestic and national works, and underlined that Turkey is working with all its strength to ensure security and stability in the region where it is located.

Uraloğlu, who brought very valuable investments to the language in Niğde ⁇ , said:

⁇ In the last 22 years, we have invested more than 70 billion 313 million liras in Niğde ⁇ 's transportation and communication infrastructure. We increased the length of the road divided by 54 kilometers to 345 kilometers and the length of the bituminous hot-mixed road coating from 51 kilometers to 337 kilometers. We have completed valuable road projects for Nevşehir-Niğde state road, Bor-Altunhisar, Niğde-Çamardı road, Niğde-Ulukışla and Niğde-Tepeköy- Çiftlik road. Ankara-Niğde Highway, 330 kilometers together with relationship roads, easy to language, we finished in only 2.5 years. We reduced the middle of Ankara-Niğde, which took about 4 hours, to only 2 hours and 20 minutes. To date, the number of vehicles passing through Ankara-Niğde Highway is 23 million 88 thousand. I can say that the total number of vehicles in Turkey is 30.5 million. Since 3 ⁇ 2 of the number of vehicles in Turkey was opened, it has been in traffic here until today. How he watched faithfully, how he watched fast, how he watched economically.

Uraloğlu stated that they will reduce the travel time to 1 hour 35 minutes, which is 2 hours 25 minutes in the middle of Karaman-Ulukışla, ⁇ With this project, we will strengthen the connectivity of Niğde ⁇ . It has brought its infrastructure and superstructure to the level of 85 ⁇ ler. Hopefully we'll be done with it soon. We built a modern logistics center established on an area of 30 thousand square meters with a load carrying capacity of 1.2 million tons in Niğde Andaval region. We have completed the work with the prestige of 29 October and continue the discontinuous acceptance inspection processes. In case of need, I would like to say that this also has an expansion area of up to 250 thousand square meters. ⁇

In the program, AK Party Niğde Deputy Cevahir Uzkurt, Niğde Municipality Leader Emrah Özdemir, AK Party Provincial Leader Mustafa Özdemir, AK Party Niğde Central District President Hacı Mehmet Eren also spoke, and MHP Niğde Deputy Cumali İnce also attended the congress.

On the other hand, Minister Uraloğlu visited the Governorship and met with Governor Cahit Çelik, signed the Governorship Pride Book, then moved to Niğde Municipality and came together with Leader Emrah Özdemir.

Source of: AA / Abdullah Özkul ⁇ Politics
Minister of Transport and Infrastructure Niğde Merkez AK Party Ankara

Ekol Logistics withdrew from its memorandum with the Danish DFDS ⁇

by the Logistics TransportIn the Category: Logistics

Danish transport company DFDS and Turkey-based Ekol Lojistik ⁇ in's agreement involving the sale of the Turkish company's inter-country transport unit resulted in a negative result.

Ekol Logistics announced that it has withdrawn from the contract. The acquisition was expected to be around 1.9 billion Danish kronor (about $277 million).

Why is the agreement broken?

Ekol Logistics Board of Directors Leader Ahmet Mosul gave information about the reason for the deterioration of the agreement in his written statement.

Mosul noted: During the period of our customs activities to DFDS company with inter-country land, air and sea transportation, which has been continuing for more than two years; In the last stage, we faced unfair demands that did not coincide with our values, principles and professionalism and were not in our agreement. That's why we decided to withdraw from the board. In this process, transparency, honesty and observing the long-term interests of our company became our basic principle. ⁇

In April 2023, the Competition Board approved DFDS ⁇ to purchase Ekol Lojistik ⁇ 's international transportation unit, which forms a wide network in the middle of Turkey and Europe.

Japan plans ⁇ conveyor belt ⁇ way to close driver gap

by the Logistics TransportIn the Category: Logistics

Japan's truck driver shortage is getting worse due to laws enacted earlier this year that limit drivers from working overtime. This situation, which is seen as necessary to prevent hard work and accidents and to make things bearable, is known as the ⁇ 2024 problem ⁇ around Japanese logistics, government and transportation.

Japan is planning an automated cargo transport corridor in the middle of Tokyo and Osaka. The project's financing measure is not set now, but it is seen as a valuable way to help the country deal with increasing deliveries.

In a computer graphic image prepared by the government, he is in the middle of a large highway. ⁇ automatic flow path ⁇ Large, wheeled boxes are shown moving along a three-lane corridor, also called

It is aimed that a trial system will start testing in 2027 or early 2028 and be fully operational in the mid-2030s.

Yuri Endo, a senior deputy director who oversees work at the Ministry of Land, Infrastructure, Transport and Tourism, We need to be innovative in the way we approach roads. The basic concept of the automatic flow path is to create special areas for logistics within the road network using a 24-hour automated and unmanned transportation system ⁇ He said it.

Endo said the system will help offset the declining workforce and reduce drivers' workload, as well as reduce carbon emissions.

SWITZERLAND AND ENGLAND ARE ALSO EVALUATED

This plan is also priced in Switzerland and England. The plan in Switzerland will include an underground road, while the plan in London will be a fully automated system powered by low-cost linear motors.

In Japan, loading will be automated using forklifts and coordinated with airports, railways and ports.

The system, which is also designed for business deliveries, can be extended to other routes if all goes well. Although driverless technology may be used in the future, human drivers may need to make last mile deliveries to people's doors again.

According to the government's assumptions, under the current conditions, Japan's total transport capacity is expected to increase by 2030. %It will fall by 34%. According to the Japan Truckers Association, the domestic transport capacity is approximately 4.3 billion metric tons, of which almost all or %More than 91 are carried out by trucks.

According to government information, demand for deliveries from online shopping increased during the pandemic, even as the general population continued to decline as the birth rate declined, and users found that Japanese households had an approximate %From the 40 %He went over 60.

In recent years, the annual death toll from the collision of delivery trucks on the roads is about a thousand. While this number is better than nearly 2,000 deaths in 2010, the Truckers Association, which brings together nearly 400 trucking businesses and organizations in the country, wants to make deliveries even more credible.

Kazakhstan Increases its Investment Goals

by the Logistics TransportIn the Category: Logistics

Kazakhstan, as the country attracting the most foreign investment in Central Asia, aims to receive 150 billion dollars more direct foreign investment by 2029.

Kazakhstan, which holds the position of the largest economy in Central Asia and will celebrate the 33rd anniversary of its independence this year, maintains its charm for foreign investors.

According to data from the International Institute for Management Development (IMD), Kazakhstan has managed to rank among the 35 most competitive countries in the world.

The Kazakh government, which aims to attract $150 billion more direct foreign investment by 2029, is creating a positive investment climate with steps to reduce bureaucratic inconveniences for foreign companies, introduce tax exemption, avoid fiscal controls and protect their legal rights.

In this context, the decree signed by the President of Kazakhstan Kasım Cömert Tokayev ⁇ in May 2024 on the valuable privatization of the economy is also noteworthy.

Tokayev was elected 36th President of the Board of Foreign Investors, which he chaired on 31 October. At the meeting, we will continue the systematic steps aimed at improving the working conditions of investors in our country.

In Kazakhstan, which is the 9th largest country in the world in terms of surface area and has a wealth of ⁇ critical raw material ⁇ reserves other than oil and natural gas, the government gives priority especially to foreign companies that will invest in the geology department.

It is currently stated that approximately 1.6 million square kilometers of land in the country are open to the acquisition of underground usage rights for geological exploration purposes.

Although it is desired to develop non-raw parts in the country, oil still plays a major role in Kazakhstan's economy.

In the country, where oil production has increased three times since its independence, especially Western companies have heavy investments in the region.

It is aimed to increase oil production to 100 million tons per year in the future.

At the same time, with more than 200 million hectares of agricultural land, the country promises great opportunities to foreign investors in this area.

In the future, more than 100 projects worth 5 billion dollars in the country's agriculture department are planned to be implemented with the participation of foreign investors.

In addition, the transportation and transportation department in Kazakhstan also offers great opportunities for foreign investors. The government especially cares about the projects for the infrastructure and logistics development of the Trans-Caspian Inter-Country Corridor with the passage of the Caspian Sea.

Every year, the capital city of Kazakhstan, Astana ⁇ , organizes the Global Investment Round Table (KGIR) activity, where the investment potential of the country is introduced.

In the activity, which was attended by many foreign investors as well as experts, hundreds of foreign investors came together this year. Speaking at the opening of the event, Kazakhstan's Prime Minister Oljas Bektenov said that 14 special economic zones are currently operating in the country.

Bektenov reported that in these ⁇ special economic zones ⁇ tax and customs privileges were provided for foreign investors, the procedure for employing foreign personnel was facilitated, and administrative inconveniences in front of the business world were reduced.

Hacı Bayram Veli University Faculty Member Assoc. Dr. Esma Özdaşlı told AA reporter that economic stability and state-provided incentives are among the most valuable elements in foreign investors' preference for Kazakhstan.

Stating that 18 of the 34 critical raw materials described as critical by the European Union are located on the territory of Kazakhstan, Özdaşlı said that Kazakhstan is currently aiming to attract foreign investment to non-oil areas.

Özdaşlı noted that Kazakhstan is very valuable in terms of global supply chain with its geographical prestige, and the arrival of 23 billion dollars of foreign investment in 2023 indicates the confidence of foreign investors in this country.

Stating that Turkish companies operate in different parts of Kazakhstan, Özdaşlı said:

Especially in recent years, with the increasing power of Turkey in the national defense industry, much agreement has been made between Turkey and Kazakhstan in terms of the production of military works and the development of military technology. The Turkish defense industry has valuable enterprises in Kazakhstan. At this meeting, we listened to the Prime Minister of Kazakhstan and other high-level officials. We have seen that Kazakhstan ⁇ is waiting for foreign investors, especially when it comes to Turkey ⁇ more incentives are provided to Turkish investors with the closeness brought by that brotherhood. ⁇

Rize-Artvin Airport lighting system upgraded to CAT-2 ⁇

by the Logistics TransportIn the Category: Logistics

Minister of Transport and Infrastructure Abdulkadir Uraloğlu ⁇ ndan Rize ⁇ ye Good News

Minister of Transport and Infrastructure Abdulkadir Uraloglu (disambiguation), Rize Non-Governmental Organizations Meeting ⁇ , Rize-Artvin airport He made important announcements about it. Rapidly developing the Organized Industrial Zone and ongoing construction İyidere Port of Logistics Rize is on its way to becoming an important logistics and production center in Karadeniz. In this context, Minister Uraloğlu stated that large projects have been implemented to meet the increasing transportation needs, ⁇ In the last 22 years, we have invested 135 billion 935 million liras in the transportation and connectivity infrastructure of Rize ⁇ . These investments have a value equivalent to 30 thousand apartments. Until 2002, there were only 12.2 kilometers of divided roads, which we increased by another 175.1 kilometers to a total of 187.3 kilometers. In addition, only 12.2 kilometers of their roads were covered by BSK, we increased this figure to 376 kilometers, ⁇ he said.

New Flights and Technological Innovations to Rize-Artvin Airport

New Flights and Technological Innovations to Rize-Artvin Airport

The Minister of Uraloglu, Rize-Artvin airport⁇ emphasized that both domestic and international flight network continues to expand with new destinations. ⁇ Twice a week, starting from 8 November, during the winter period, on Mondays and Fridays Antalya-Rize direct flights were launched, ⁇ information was given. And in addition, History of Uraloglu, ⁇ Rize-Artvin Airport ⁇ 's runway lighting system allows landing at lower viewing distances and at night flights. CAT-2 We raise it to its level. We have completed the assembly of the additional second ILS device and are continuing the test work. We will have it ready for service at the end of this month. Thus, it is our common wish that Rize ⁇ and our country reach brighter, peaceful, stable and economically prosperous days, ⁇ said.