London Metal Exchange adds Jeddah to its storage locations

The LME has around 450 approved warehouses across 14 countries The LME has around 450 approved warehouses across 14 countries Image Credit: Adrian Smith + Gordon Gill Architecture Dubai: The London Metal Exchange (LME) adds Jeddah Islamic Port in Saudi Arabia to its approved list of locations for copper and zinc storage. Jeddah would become

The LME has around 450 approved warehouses across 14 countries



The LME has around 450 approved warehouses across 14 countries
Image Credit: Adrian Smith + Gordon Gill Architecture

Dubai: The London Metal Exchange (LME) adds Jeddah Islamic Port in Saudi Arabia to its approved list of locations for copper and zinc storage.

Jeddah would become an active delivery point three months after the first warehouse company in the area is approved. The number of warehouses currently under consideration was not disclosed.

The LME, the world’s largest and oldest metals exchange, has around 450 approved warehouses across 14 countries, with leading storage locations in South Korea, the Netherlands, and Malaysia.

Currently, the only Middle Eastern storage locations are three warehouses in the Jebel Ali Free Zone in the UAE.

While the LME has not announced plans to include aluminium among the approved storage materials in Jeddah, the Gulf Aluminium Council reports that Gulf countries contributed approximately 9 per cent of global aluminium production in 2023.

Saudi Arabia aims to establish itself as the Middle East’s primary logistics hub, having launched a national logistics plan last year.

In support of this goal, Dubai-based DP World has begun constructing a $250 million (Dh918 million) logistics park for storage and distribution at Jeddah Islamic Port.

主题测试文章,只做测试使用。发布者:duren0459@gmail.com,转转请注明出处:https://exploremenas.com/london-metal-exchange-adds-jeddah-to-its-storage-locations/

Like (0)
duren0459@gmail.com's avatarduren0459@gmail.com
Previous September 4, 2024 3:44 am
Next September 4, 2024 3:44 am

相关推荐

  • Saudi Arabia discovers 56-million-year-old marine fossils

    The fossils, primarily imprints and internal molds of bony fish, include extinct catfish species, or Silurians Image Credit: Source: Al Youm newspaper Dubai: Fossils of marine creatures dating back 56 million years have been unearthed in Saudi Arabia, a significant find that sheds light on ancient ecosystems in the region. Tariq Aba Al Khail, spokesman

    December 10, 2024
    000
  • More than 853,000 Omanis secure jobs in 2023

    Muscat: More than 853,000 Omanis were employed across the public and private sectors in 2023, marking a 6.4 per cent growth from the previous year. Oman had created 86,530 job opportunities for its citizens in both public and private sectors from January 2021 to December 2022, according to the Oman Vision 2040 Implementation and Follow-up

    October 3, 2024
    000
  • UAE welcomes ceasefire announcement between Lebanon, Israel

    The Ministry of Foreign Affairs (MoFA) commended the efforts of the United States in reaching this agreement, highlighting it as a significant step to prevent further suffering of the Lebanese people. Image Credit: WAM ABU DHABI: The United Arab Emirates has welcomed the announcement and implementation of a ceasefire between Lebanon and Israel, and expressed

    November 28, 2024
    000
  • Kuwait: 530,000 expats yet to do mandatory biometric fingerprinting

    Image Credit: Shutterstock Cairo: Around 530,000 expatriates in Kuwait have not yet undergone mandatory biometric fingerprinting less than two months before a deadline expires. So far, 2.1 million expatriates have complied with the measure, the Kuwaiti news website Almajilis reported, quoting the Interior Ministry. The ministry has urged the expatriates to complete the fingerprinting before

    November 10, 2024
    000
  • Saudi Arabia: Riyadh Season to feature mass wedding

    The Saudi General Entertainment Authority has urged businesspeople and Saudi companies to contribute to the mass wedding of 300 couples. Image Credit: Shutterstock Cairo: The upcoming edition of the Riyadh Season, Saudi Arabia’s annual entertainment and tourist festival, will feature a mass wedding of 300 couples, its organiser has said. “Based on the Riyadh Season’s

    September 25, 2024
    000

Leave a Reply

Your email address will not be published. Required fields are marked *

联系我们

400-800-8888

在线咨询: QQ交谈

邮件:admin@example.com

工作时间:周一至周五,9:30-18:30,节假日休息

关注微信
自6.2开始主题新增页头通知功能,购买用户可免费升级到最新版体验