The Saudi Authority for Industrial Cities and Technology Zones (Modon) has sealed an agreement with Medlog, the logistics arm of Mediterranean Shipping Company (MSC), for the establishment of an integrated logistics zone over a 100,000 sq m area in Jeddah.
Kuwait International Bank (KIB) has announced the signing of a strategic co-operation agreement with ACICO Group, a leader in the construction and industrial sectors, to provide affordable financing solutions for citizens to build their residential plot.
Themed “Accelerating West Africa’s Sustainable Industrial Revolution for Economic Prosperity,” West Africa IMT 2026 is positioned as a policy-to-project platform focused on converting regional trade opportunities into factory-level investment, resilient value chains and measurable industrial capacity within the next 12–18 months.
Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period.
The Arab Shipbuilding and Repair Yard Company (ASRY) has been named the best Ship Repair Yard at the Saudi Maritime Awards 2026 in Jeddah for its leading role in ship repair and maintenance sector as well as for the range of services it provides on par with global technical and operational standards.
Investcorp Capital, a unit of Bahrain-based Investcorp, has announced that it has acquired a diversified portfolio of industrial assets for $400 million. The deal covers properties located across coastal markets in both the eastern and western US.
In a landmark move, the Saudi cabinet, chaired by HRH Crown Prince Mohammed bin Salman, has announced the cancellation of the fees imposed on expatriate labour in industrial facilities, reported SPA. This decision reflects the kingdom’s leadership's ongoing support for the industrial sector.
Oman's Public Establishment for Industrial Estates (Madayn) has begun work on a multi-storey parking project featuring modern office and service spaces at the Knowledge Oasis Muscat (KOM). It is being developed by Oman National Engineering and Investment Company.
Emirates has signed an agreement with Safran Seats, a world-leading aircraft seating manufacturer, to establish a manufacturing and seat assembly facility in Dubai. Set for completion by Q4 2027, the key facility brings 20,000- 25,000 sq m industrial footprint.
Oman-based Integrated Gas Company (IGC) is set to ink a series of gas purchase agreements with leading industrial companies at a key event in the sultanate. The deal will allocate over 27 million cu m of gas per day for an average of 10 years per agreement.
