Placeholder story for stagingDUBAI, 21 September 2026 — HarborLink Logistics Ltd. and Meridian Cargo Holdings Plc said they agreed to form a joint venture to develop and operate a multi-use terminal at a Gulf port site.The venture, Gulf Axis Terminals LLC, would hold a long-term concession to build and run container, dry-bulk and warehousing facilities in phases. HarborLink will own 55 percent and Meridian 45 percent.Initial capital expenditure for Phase 1 was described as $1.8 billion to $2.2 billion, covering berth construction, yard equipment and a first warehouse cluster. Later phases could lift total investment above $3.5 billion over roughly eight years.Regulatory steps include environmental assessments, competition review and final concession documentation. The partners said the project would prioritize local hiring and regional suppliers.Global Brief Staff • 21 September 2026