Bahrain Economic Development Board (EDB)’s Post

#DrivingLocalisation: Driving deeper and wider localisation in the South African automotive component manufacturing sector requires a multi-faceted response, supported by strategic partnerships.    In 2022 NAACAM partnered with IFC - International Finance Corporation, the private sector arm of the World Bank, to develop a localisation matchmaking platform — informed by inventories and databases of components that may be manufactured locally — that will enable OEMs and Tier 1s to be matched to competencies of Tier 2 and Tier 3 local suppliers. This will in turn allow sub-tier suppliers to gain access to valuable information on local supplier development opportunities and cultivate bankable projects that will help unlock private investment to scale local production. #NAACAMLOOP #IFC #DrivingLocalisation #NAACAMShow2023 #DrivenByTEDA Renai Moothilal, Kobina Egyir Daniel, Wayde Flowerday, Ken Osei, Adamou Labara, Olaf Schmidt, Gokhan Akinci

Moroccan Investment & Export Development Agency - Morocco, on course to be the most competitive automotive hub

#Shipping_updates Deutsche Bahn Narrows Down Bidders for Schenker Sale: Maersk, DSV, CVC, and Bahri Remain in the Race Germany's national railway company, Deutsche Bahn (DB), has selected the final contenders for the sale of its logistics subsidiary, Schenker, according to sources familiar with the matter. Final Four Bidders: Maersk: A Danish shipping giant and a major player in global container transportation. DSV: A Danish freight forwarding and logistics company, one of the largest in the world. CVC Capital Partners: A European private equity firm. They are likely bidding in a consortium with: ADIA (Abu Dhabi Investment Authority): A sovereign wealth fund of the United Arab Emirates. GIC (Government of Singapore Investment Corporation): A sovereign wealth fund of Singapore. Bahri: The national shipping carrier of Saudi Arabia. They might be bidding in a consortium with an unidentified state-owned fund. Next Steps: DB is expected to receive final bids from these four companies in July 2024. The bids will be thoroughly evaluated before a final decision is made. An agreement with the chosen buyer is expected this year, with the sale completion targeted for 2025. Why is DB Selling Schenker?? The sale is intended to help DB reduce its significant debt burden. Schenker is a profitable business, and this sale is likely to generate a substantial amount of money for DB. This is a significant development in the logistics industry, with major players vying for control of a leading global logistics company. #DeutscheBahn #Schenker #Logistics #M&A #Maersk #DSV #CVC #Bahri

Moroccan Investment & Export Development Agency - Morocco, on course to be the most competitive automotive hub

In a push to accelerate the shift toward the fourth industrial era, Bahrain’s Ministry of Industry and Commerce announced the iFactories initiative that aims to transform the country’s industrial sector:https://lnkd.in/dtqP9q36

Morocco's automotive sector emerges as the leading export industry, totaling $7 billion in H1 2023, showcasing a 34% YoY growth. With 2 OEMs and 250+ global companies, it employs 220,000 Moroccans. Despite challenges from the EU's 2035 ICE vehicle ban, the government is proactively steering the industry towards EVs. A $6.4 billion gigafactory deal with GOTION High-Tech positions Morocco as a key EV supply chain hub. The recently implemented investment charter attracts 40 projects, totaling $10.8 million, and creating 40,000 jobs. Despite a temporary FDI slowdown, Morocco aims for continued growth through global promotional campaigns. #Morocco #AutomotiveIndustry #FDI

Absolutely remarkable progress Enterprise Ireland,Enterprise Ireland MENA Stephen Twomey! This showcases the strength and potential of Irish enterprises on a global stage. The synergy between Ireland's innovative capabilities and Dubai's dynamic market, underpinned by the D33 strategy opens doors to unparalleled growth opportunities. Kudos to everyone at Enterprise Ireland and the resilient exporters for achieving such impressive growth. Here's to further strengthening our ties with the UAE and setting new benchmarks in international trade. #IrishExcellence #GlobalImpact"

GAC QUOTE: “The future is always uncertain, but it is crucial to be prepared for any eventuality. Collaboration and #transparency between partners can go a long way to promoting a more interconnected and complex chain landscape.” GAC Dubai’s Trevor S. considers how instability in 2024 could affect supply chains in the February issue of The Logistics Point. Read what he and his GAC Qatar colleague Adrian Peiris (MBA, MICS, MILT) has to say on pages 16-17 of the online magazine at https://buff.ly/48hnWoN #supplychains #contractlogistics #GACLogistics #GACquotes

⏰ Time is ticking... Don’t forget to apply for our Automotive Transformation Fund Feasibility Study Competition, round 5! If you’re a UK-registered business, you can apply for a share of up to £2 million to help you produce a business case feasibility study to support the accelerated growth of the UK’s zero-emission automotive supply chain.    The competition is open to single organisations or consortiums. To qualify your project must 👇 💰  Have a funding request of between £200,000 and £500,000 and be a maximum of 50% grant-funded 📆 Last up to 6 months, with all project work carried out in the UK  ⏱️ Start by 1 October 2024 and end by 31 March 2025  ⏳ Closing date for applications is 17 May 2024   Do you have a project that you think might fit the bill? ✉️ email atf@apcuk.co.uk to find out more or follow the link to start your application 👉 https://okt.to/yImBUg You can also watch our Applicant Briefing video to get all the tips you need to produce a winning application 👉 https://okt.to/NCgbPH Our funding is delivered in collaboration with Department for Business and Trade, and any award is subject to Ministerial and His Majesty’s Treasury (HM Treasury) approval.  #ZeroEmission #Growth #Scale #Innovation #ukmfg #UKengineering #UKautomotive   

The UAE and the United States share a thriving trade partnership! With bilateral trade exceeding $31.4 billion in 2023, the UAE stands as the US’ top export market in the Middle East supporting nearly 145,000 American jobs. Beyond trade, UAE investments in the US spurs innovation across sectors like aerospace, technology, and manufacturing. Recent reforms, including 100% foreign ownership, make the UAE an advantageous location for American companies with over 1,500 US firms having a presence in the UAE. With Abu Dhabi Investment Authority (ADIA) reporting that 52% of its assets are invested in the US, it is a strong indicator of the trust and confidence between both countries. Pictured are US Commerce Secretary Gina Raimondo and Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade.