Industry

Abu Dhabi’s EMSTEEL announces $170.2 million asset enhancement program to boost production capabilities

The initiative aims to expand company's portfolio and drive strategic growth

ADQ, Eni partner to strengthen supply chain security of critical minerals in support of energy transition

The collaboration focuses on investments in Africa, North America, and Central Asia across the critical minerals value chain

Oman secures $132.5 million for second phase of Sohar Freezone industrial waste treatment facility

This project will enhance the national economy while advancing sustainability and circular economy goals

Dubai Industrial City draws over $95 million F&B investments in 2024

This substantial investment underscores the burgeoning growth within the regional sector

Oman to develop advanced AI semiconductor chips for next-gen applications in Salalah Free Zone

McKinsey & Company projects that the global semiconductor market will reach $1 trillion by 2030

‘Make it in the Emirates’ forum attracts $5.4 billion in investments during 2024

SMEs benefitted from 68 percent of total financing from Emirates Development Bank and partner banks

Nissan, Honda call off $60 billion merger talks amid increasingly volatile market environment

Honda CEO says the company wants to think about the possibility of collaborating with companies other than Nissan and Mitsubishi Motors

Alpha Dhabi hits milestone with $17.26 billion in full-year revenue

The holding company will continue to set its sights on growth, advancing action both horizontally and vertically to sustain the momentum of 2024

PIF acquires 30 percent stake in Masdar Building Materials company

PIF’s investment will enable Masdar to transform its operations through digital technology

Saudi Arabia’s industrial production index surges by 2.1 percent in December 2024: GASTAT

Growth is driven by growth in manufacturing, water supply, sewerage, and waste management and remediation activities

Qatar, Türkiye join regional integrated industrial partnership, unveiling over $2 billion in new projects

This addition strengthens the partnership, enhancing industrial integration and cooperation for a sustainable economy

Jordan seeks stronger economic ties with Qatar, Bahrain, Morocco, and Turkey

The kingdom is working in partnership with the private sector to enhance its industrial capabilities

Saudi Arabia launches King Salman Automotive Cluster, targeting $24.5 billion GDP boost by 2035

The hub will drive Kingdom's economic diversification and serve as a catalyst for sustainable transportation

TA’ZIZ awards SAMSUNG E&A $1.7 billion contract to build UAE’s first methanol plant

In its initial phase, TA'ZIZ will produce 4.7 million tons per annum of chemicals by 2028

Abu Dhabi’s ADQ, Orion Resource partner to invest $1.2 billion in metals, mining sector

Joint venture to invest in buying shares, providing loans and securing deals tied to production

Saudi Arabia’s maritime transport sector achieves 6.4 percent growth, 20th global ranking in 2024

The authority emphasized the crucial role of over 2,000 certified Saudi seafarers in advancing the sector

Worldwide PC shipments rise 1.4 percent in Q4 2024, reflecting modest recovery amid AI price challenges

This represents the second consecutive year in which shipment volume has fallen below the 250 million mark 

Saudi Ports Authority drives growth in 2024, strengthens Kingdom’s position as global logistics hub

In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List

New Honeywell cybersecurity services center launches in Saudi Arabia’s Jubail to enhance industrial protection

Honeywell Himaya Center to support Kingdom’s localization and IKTVA goals with advanced cybersecurity solutions

UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration

The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024

Rolls-Royce plans $376 million investments in UK facility to expand Bespoke, Coachbuild capabilities

Investment to prepare the manufacturing facility for the brand's transition to an all-battery electric vehicle future

DP World: $11 billion investment fuels 33 percent growth to record 100 million TEUs

Last year, container capacity grew 5 percent, strengthening the company's supply chain influence

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025