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.
Gulf Cryo, a leading supplier of industrial and specialty gases, has announced that its carbon capture facility in Abu Dhabi will begin production within weeks, adding to its existing operational facility in the northern emirate of Ras Al Khaimah. The UAE is currently the company's largest market.
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.
Arcapita Group Holdings, a leading global alternative investment firm, has announced plans to invest an additional $1.5 billion in industrial and logistics real estate across the GCC over the next 24 months, building on its existing over $2 billion in assets under management in the sector.
Saudi Arabia and Bahrain discussed ways to strengthen industrial co-operation and deepen bilateral economic ties during talks in Manama, reported SPA. The meeting took place during Saudi Energy and Industry and Mineral Resources Minister Prince Abdulaziz bin Salman's visit to Bahrain.
Gulf states are seeking to strengthen industrial co-operation and expand manufacturing’s contribution to their economies as they pursue diversification and greater resilience, said senior officials on the opening day of the inaugural 'Made in GCC Forum and Exhibition 2026' in Bahrain.
Oman's Public Authority for Special Economic Zones and Free Zones (Madayn) has signed 28 investment agreements worth more than RO304 million ($790 million) to establish new projects and expand existing operations across its special economic zones, free zones and industrial cities, said a top official.
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.
