News

SAL Expands Global Footprint with Aviapartner Liège Acquisition Deal

Reporter

Admin

May 9, 2026 0 Comments

SAL (Saudi Logistics Services) has signed a conditional agreement to acquire 100% shares of Aviapartner Liège from Aviapartner Belgium NV and Aviapartner Holding NV, marking a strategic step in the Saudi logistics company’s international expansion ambitions.

The proposed acquisition, valued at an enterprise value of EUR 28 million, will provide SAL with an operational foothold at Liège Airport, one of Europe’s key air cargo gateways. The transaction remains subject to customary regulatory approvals and closing conditions.

The move is expected to strengthen SAL’s cargo handling and logistics capabilities beyond the Kingdom while expanding connectivity across global trade corridors. By integrating Aviapartner Liège’s operations into its network, the company aims to enhance operational efficiency, deepen airline and customer partnerships, and reinforce its international logistics platform.

Commenting on the development, Omar Hariri said the acquisition represents a strategic milestone in SAL’s global growth journey and reflects the company’s ambition to build an integrated logistics ecosystem aligned with Saudi Arabia’s National Transport and Logistics Strategy and Vision 2030 objectives.

The acquisition is also expected to support revenue diversification and operational integration while positioning SAL as an increasingly significant player in the international cargo and logistics landscape.

SAL Expands Global Footprint with Aviapartner Liège Acquisition Deal

SAL (Saudi Logistics Services) has signed a conditional agreement to acquire 100% shares of Aviapartner Liège from Aviapartner Belgium NV and Aviapartner Holding NV, marking a strategic step in the Saudi logistics company’s international expansion ambitions. The proposed acquisition, valued at an enterprise value of EUR 28 million, will provide SAL with an operational foothold at Liège Airport, one of Europe’s key air cargo gateways. The transaction remains subject to customary regulatory approvals and closing conditions. The move is expected to strengthen SAL’s cargo handling and logistics capabilities beyond the Kingdom while expanding connectivity across global trade corridors. By integrating Aviapartner Liège’s operations into its network, the company aims to enhance operational efficiency, deepen airline and customer partnerships, and reinforce its international logistics platform. Commenting on the development, Omar Hariri said the acquisition represents a strategic milestone in SAL’s global growth journey and reflects the company’s ambition to build an integrated logistics ecosystem aligned with Saudi Arabia’s National Transport and Logistics Strategy and Vision 2030 objectives. The acquisition is also expected to support revenue diversification and operational integration while positioning SAL as an increasingly significant player in the international cargo and logistics landscape.

Admin May 9, 2026 0
Union Cabinet approves Rs 2.55 lakh crore credit guarantee scheme amid West Asia war

Union Cabinet approves Rs 2.55 lakh crore credit guarantee scheme amid West Asia war

South Korea extends support to India’s shipbuilding push following budget boost

Tata Steel pioneers hydrogen-ready steel pipes for India's clean energy transition

SECR achieves major electrification milestone, advancing green rail transport

The South East Central Railway (SECR) has reached a significant milestone in its electrification drive, marking a major step toward energy-efficient and environmentally sustainable railway operations. As part of its commitment to modernising infrastructure and reducing carbon emissions, SECR has successfully completed the electrification of 6,900.93 track kilometers (TKM) to date. Established on April 1, 2003, SECR has consistently prioritised sustainable rail operations, accelerating electrification efforts across its key divisions—Bilaspur, Raipur, and Nagpur. The electrification journey in the zone dates back to January 19, 1970, when work commenced on the Jharsuguda-Raigarh section. Notably, SECR became the first zone in Indian Railways to implement the advanced 2x25 kV AT-AEC-BEC overhead traction system, which was commissioned on December 14, 2024, in the Bhanupratappur–Antagarh section. The commissioning of the first 3-phase electric locomotive twin EF-12K in Bhilai on November 26, 2023, further underscored the railway’s commitment to adopting cutting-edge technology. Electrification has significantly reduced SECR's reliance on fossil fuels, with electrical energy consumption in 2023-24 reaching 1,859.19 million units. This shift has enhanced operational efficiency while lowering carbon footprints. Additionally, the newly electrified corridors have boosted freight movement, particularly for coal, iron, and other key commodities, strengthening industrial supply chains and contributing to economic growth. SECR is also focusing on integrating renewable energy sources as part of its long-term sustainability strategy. In a momentous initiative celebrating 100 years of electric rail travel in India, a special 3-phase electric locomotive service will operate on February 3, 2025, along the Bhanupratappur-Antagarh section in Chhattisgarh. SECR’s electrification efforts align with Indian Railways' broader mission to achieve ‘zero carbon emissions,’ paving the way for an environmentally responsible and energy-efficient rail network. Source: TOI

Admin February 3, 2025 0

Jupiter Electric Mobility and Porter unite to drive EV adoption in logistics

Arkas Line broadens Global Reach with "India Med Service" launch and Mediterranean network revamp

sKart Global Express unveils Digital Sales Portal to strengthen MSMEs with seamless, tech-driven logistics solutions

V O Chidambaranar Port sets path to become India’s Green Hydrogen-Ammonia Hub with ₹41,860 cr investments

Tamil Nadu’s V O Chidambaranar Port, a leading maritime gateway, is steering towards a green future with investments worth ₹41,860 crore to position itself as India’s Green Hydrogen-Ammonia Hub. The ambitious initiative was unveiled as the Port also announced significant strides in cargo handling, underlining its strategic importance to South India’s logistics landscape. Having handled 29.70 million tonnes of cargo and 5.62 lakh TEUs (Twenty-foot Equivalent Units) of containers up to December 19, 2024, the Port has recorded an overall growth of 1.87% in cargo and 6.74% in container handling. Port Chairperson Susanta Kumar Purohit emphasised the strategic advantages of V O Chidambaranar, highlighting its position near the East-West International sea route, efficient turnaround times for container ships, and seamless connectivity via road and rail. He stated, "VOC Port is poised to emerge as the gateway port of South India, driving regional and national growth through forward-looking investments and capacity-building initiatives." As part of its green energy mission, the Port has allocated 501 acres of land to four companies for developing Green Hydrogen-Ammonia manufacturing and storage facilities. The pilot project demonstrating green hydrogen production, storage, and power generation using fuel cells is on track for completion by January 2025. Additionally, a pilot bunkering project will showcase capabilities for green hydrogen refuelling and bunkering operations. In line with its capacity augmentation plans, VOC Port is widening its entrance channel from 152.40 metres to 230 metres to accommodate larger vessels. It has also announced the construction of a 440-metre-long Berth 10 at a cost of ₹80 crore for bulk cargo ships and new infrastructure to handle smaller vessels by mid-2025. The transformative vision of V O Chidambaranar Port underscores its pivotal role in advancing India’s green energy transition and cementing its place as a logistics powerhouse in the region.

Admin December 23, 2024 0

IFC invests US$75 Mn in NDR InvIT’s sustainability-linked bond to advance India’s warehousing sector

Vizhinjam International Port begins commercial operations, set to boost Kerala's trade and economy

Blackstone acquires 5 million sq ft warehousing assets from LOGOS India for ₹1,725 cr

0 Comments