Dubai has approved the first phase of a 80-km New Fourth Corridor project linking Sharjah and Abu Dhabi, with the initial stage costing about AED3.5 billion ($953 million). To be implemented in two phases, the project scope includes construction of 72 bridges, 17 tunnels and 45 stormwater drainage culverts.
Parkin Company has signed an agreement with Modon Misr for Asset & Facility Management, Mwasalat Misr and Redcon Properties to explore opportunities for collaboration in developing parking management and smart mobility solutions in Egypt, thus marking its first entry into the Egyptian market.
Smart Mobility, a joint venture between Taiwanese group Hon Hai Precision and Saudi-based Saleh Suleiman Alrajhi & Sons (Alrajhi), has announced the groundbreaking of its new EV chargers' manufacturing plant at King Salman Energy Park in Dammam.
Barq Group, a leader in smart mobility and logistics solutions in the region, has joined hands with Elroy Air, a leading US-based developer of autonomous aerial systems for middle-mile logistics, to set up a new venture in Abu Dhabi that will focus on chaparral manufacturing and services.
