TKE Alat, a joint venture between TK Elevator (formerly known as ThyssenKrupp Elevator), and Alat, a Saudi Arabian manufacturing company, have announced the groundbreaking of its planned elevator and escalator manufacturing and multi-purpose facility at Dammam's Third Industrial City.
Aramex and ICT Legal Consulting International BV (ICTLC International) have announced the approval of the Aramex Group Binding Corporate Rules for Controllers (BCR-C) by the Dutch supervisory authority, acting as BCR Lead, following the positive opinion issued by the European Data Protection Board (EDPB).
National Industries Park (NIP) has signed an agreement with Al Bayader International to develop a AED180 million ($50 million) integrated manufacturing and logistics hub in Dubai, expanding regional food packaging production capacity by up to 30,000 tonnes annually.
The Saudi Ports Authority (Mawani) has announced that it has signed a concession agreement with Saudi Global Ports (SGP) to develop, operate and manage the container terminal at Jubail Commercial Port, in a project involving investments of more than SAR2 billion ($528 million).
Gulftainer (GT), a globally trusted leader in integrated maritime and logistics solutions, has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor — a landmark 150-hectare regional powerhouse with annual capacity of 1.5 million TEUs.
South Korean tech giant Samsung Electronics Company spent nearly 90 trillion won ($59.2 billion) on capital expenditures and research and development (R&D) in 2025, making it the biggest investor among the world's top 10 semiconductor companies, industry data showed.
Saudi Arabia's economy is expected to accelerate sharply in 2027 after a subdued performance this year, with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026, driven by a recovery in oil production and continued expansion of non-oil sectors.
Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution.
Afcons, a flagship infrastructure engineering and construction company of Indian group Shapoorji Pallonji, has secured a Rs53 billion ($554 million) contract from Vadhvan Port Project for the construction of a 10.14 km-long breakwater in Maharashtra. On completion, it will be the second longest breakwater in the world.
GAIA BioMaterials, a global leader in biodegradable and compostable bioplastic compounds, has received final confirmation of its European patent for PLA-free film extrusion materials.
