Hanwha Aerospace, a defence, aerospace and industrial company in South Korea, has signed a teaming agreement with UAE-based Generation 5 Holding to collaborate on the manufacture and sale of the K9 155mm self-propelled howitzer across the Middle East market.
O-Green, a green infrastructure platform jointly owned by Naqaa Sustainable Energy and OQ Alternative Energy, said it has achieved the financial close for the largest solar energy project in Oman. The landmark 93MW solar project is being developed in partnership with Madayn at Sohar Industrial City.
UAE developer Azizi is enhancing the project delivery capabilities across its portfolio through a vertically-integrated industrial model by managing critical manufacturing processes in-house, including aluminium and façade systems as well as HVAC ducting and marble works.
King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate to develop an integrated industrial complex comprising 168 ready-built industrial units across 214,000 sq m area within the mega development in the Eastern Province of Saudi Arabia.
Saudi Basic Industries Corp (Sabic) has launched an ambitious public auction of industrial assets from its facilities in La Aljorra, Spain, specifically from the LX2 polycarbonate plant and the HPP plant following their permanent closure. The auction comprises 141 lots divided into two specialised events.
Leading Korean group LIG Defense & Aerospace (LIG D&A) has signed an agreement with UAE defence company Tawazun to explore and develop co-operation in the field of defence and security industry development, with the aim of establishing a global defence manufacturing hub in the UAE.
Largest-ever edition of 'Make it in the Emirates' is set to open in Abu Dhabi featuring 1,200 exhibitors across 88,000 sq m area over four days in front of 120,000 visitors and a host of new features designed to help businesses tap into one of the world’s most dynamic industrial development stories.
Metal Park, a 500,000 sq m ecosystem established in 2021 in Abu Dhabi, has kicked off the second phase of its integrated industrial ecosystem, following its successful Phase One launch. The new expansion will introduce more than 700,000 sq ft of industrial units dedicated to metal processing and fabrication.
Tecom Group, the creator of specialised business districts and vibrant communities, has delivered solid results for Q1, recording a net profit of AED755 million ($201 million), up 11% over last year driven by strong demand across its specialised business districts as well as commercial and industrial portfolios.
Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industrial Transformation Company (Target Company) for SAR700 million ($186.4 million).
