Al Masaood Automobiles and Etihad Rail Freight, a subsidiary of Etihad Rail, have completed the first rail transport of finished passenger vehicles for an automotive dealership - a significant step in the evolution of the nation’s logistics sector.
Saudi Arabia's Ministry of Investment has signed an investment agreement with SATORP to develop the "Amiral" project, a joint venture between Saudi Aramco and TotalEnergies.
Pratt & Whitney, a global leader in the design, manufacture and service of aircraft engines and an RTX company, has announced the official opening of its new 130,000-sq-ft manufacturing facility at Nouaceur in Morocco. It is expected to create 200 new jobs by 2030 and add critical production capacity.
Aldar has acquired an industrial and logistics portfolio from AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group for AED650 million ($177 million).
Aldar has announced the acquisition of an industrial and logistics portfolio from AD Ports Group unit Khalifa Economic Zones Abu Dhabi (Kezad) for AED650 million ($177 million), thus adding 163,000 sq m of modern, income-generating industrial and logistics space to the leading Abu Dhabi developer's platform.
HFCL, a key provider of GenNext communications technologies, has announced the availability of its IO portfolio in Kuwait through Alghanim Engineering in collaboration with Bahrain-based Northstar Technology Company. These solutions are well positioned to support projects across construction, oil & gas and utilities.
Saudi Power Procurement Company (Principal Buyer) has launched the qualification bid process for the second group of Battery Energy Storage System (BESS) projects. The combined capacity of Group 2 BESS projects is 3000MW for a 4-hour storage duration (12,000 MWh).
AD Ports Group, a leading global enabler of trade, industry and logistics solutions, today announced a strategic partnership and research collaboration agreement with NYU Abu Dhabi.
EMSTEEL Group, one of the region’s largest publicly traded integrated steel and building materials manufacturers, has reaffirmed its commitment to supporting the resilience of the UAE market by maintaining pricing discipline across key domestic steel and building materials products, including reinforcing steel bars, while ensuring a reliable supply to customers nationwide.
Bahrain Aluminium Extrusion Company (Balexco), a leading producer of aluminium extrusion products used primarily in construction sector with operations across the GCC, is planning a stock market listing after shareholders approved a proposal to transform the company into a public shareholding firm.
