Adnoc Distribution has announced new strategic partnerships with Emirates Global Aluminium (EGA) and Borouge, collectively valued at over AED 60 million ($16 million), aimed at strengthening industrial performance and reinforcing the UAE’s manufacturing ecosystem.
PureHealth, the largest healthcare group in the Middle East, today announced that it has exceeded AED6.33 billion ($1.72 billion) in local procurement spend since joining the Ministry of Industry and Advanced Technology’s (MoIAT) National In-Country Value (ICV) programme, in 2022.
The Savola Group, a leading strategic investment holding group in the regional food and retail industry, has reported a 50.4% growth in its net profit for the first quarter, while its revenue hit SAR7.3 billion ($1.94 billion), helped by stronger performance in its food processing business and improved margins.
DP World, through its joint venture Laem Chabang International Terminal Co (LCIT), has secured a five-year concession extension to continue operating the B5 container berth at Laem Chabang Port in Thailand.
du, a leading telecom and digital services provider, today announced a partnership with Al Gharbia Pipe Company (AGPC), an Abu Dhabi-based producer of longitudinally submerged arc welded (LSAW) steel pipes, to deploy cutting-edge Industrial AI Vision technology across manufacturing operations in the UAE.
AJ Al Asmawi Group, one of the UAE’s largest independent family-owned conglomerates, has signed a musataha agreement with Dubai Industrial City (DIC) part of TECOM Group, to expand its operations within the district and introduce one of the UAE’s first oil rigs manufacturing and refurbishment facilities.
Leading UAE defence group Tawazun has joined hands with top global security and aerospace contractor Lockheed Martin to establish an advanced microelectronics assembly facility in the UAE. The project will be executed in partnership with EDGE and Khalifa University of Science and Technology.
Abu Dhabi-based TA’ZIZ has announced that its joint venture with Swiss-headquartered Proman, has achieved financial close on $2 billion financing for the UAE’s first world scale methanol plant in Al Ruwais Industrial City. The transaction was significantly oversubscribed, underscoring the strong global confidence in its strategy.
Attracting international capital into advanced manufacturing is central to the UAE's long-term economic vision, said Mohamed Hassan Alsuwaidi, UAE Minister of Investment.
ROX, a premium automotive manufacturer specialising in intelligent new energy vehicle, has announced a strategic agreement with Khalifa Economic Zones Abu Dhabi - KEZAD Group to establish the Middle East’s first Advanced AI Manufacturing Centre for luxury vehicles.
