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Manufacturing

GMG's new Dubai Investment Park facility is one of the UAE’s largest food manufacturing facilities

GMG eyes global expansion, launches four food manufacturing units

GMG’s Dubai Investment Park facility – one of UAE’s largest food manufacturing facilities – includes three factories to process added-value meat, poultry, and seafood items

Emtelle, KEZAD ink build to suit deal with

UK’s Emtelle, KEZAD Group join hands to build $50m manufacturing facility

The production facility will be located on a 48,000 sqm land plot that will be leased under a build-to-suit agreement with KEZAD

EGA full year net profit

UAE’s EGA posts $2bn in full-year net profit on higher prices

The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022

Oman oil driller Abraj Energy hires banks for $500m IPO

Omani ministry signs nickel extraction agreement with UK’s Knights Bay

The first mining agreement is Oman’s first with a foreign investor

Shareek programme to suppport Saudi Arabia's private sector

Aramco, ACWA Power, SABIC to receive support from Saudi’s Shareek programme

The first wave of supported projects, which will have strategic impact on several economic sectors, will benefit from investments worth SAR192.4bn

Edge Group acquires Gradeone

Abu Dhabi-based Edge Group acquires 70% stake in Gradeone

Gradeone, which has partnerships within the defence, rescue, and security sectors, will join Edge’s Trading and Mission Support cluster

Ducab opens office in Bengaluru India

UAE’s Ducab Group expands its footprint in India, opens office in Bengaluru

Over the years, Ducab has supplied over 1,428 kilometres of cables to the Indian market, which is equivalent to the distance between Delhi and Mumbai

UAE's Ducab and UPI have signed an agreement with Borouge

Petrochem company Borouge wins two contracts worth $15m from UAE manufacturers

UAE-based Ducab and Union Pipes Industry will use Borouge solutions to produce power cables and pressure pipes for Borouge 4 infrastructure

Jindal Shadeed Group to Invest USD 3 billion; agreement signed to Reserve Land to Produce Green Steel at Duqm

Jindal Shadeed Group to invest $3bn in green steel manufacturing facility in Oman

Slated to be the largest of its kind within the zone to produce green steel, the facility will also utilise renewable energy sources in its manufacturing operations

Manufacturing

Manufacturing sector leads in highest average ransomware payments – report

Of the organisations surveyed that paid the ransom, the average cost was $2,036,189 – more than double the cross-sector average of $812,360

Saudi's PIF to establish 5 companies to pursue investments

Saudi’s PIF to establish five companies to pursue investments in Bahrain, Oman, other countries

The announcement follows the launch of the Saudi Egyptian Investment Company in August

Saudi Arabia’s PIF launches company to develop halal production industry

The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals

UAE MoUs signed for medical equipment ake it in the Emirates

UAE signs deals valued at Dhs260m to manufacture medical equipment locally

The partnerships will play a significant role in boosting economic development through the National ICV Program

UAE launches programme

UAE launches programme to export Emirati tech products worth Dhs15bn annually

The programme aims to develop 1,000 technological projects

Yousef-Abdullah-Al-Benyan

CEO of Saudi Arabia’s Sabic, Yousef Abdullah Al-Benyan, resigns

By virtue of a royal decree, Al-Benyan was appointed as the kingdom’s new education minister

Saud Abu Al Shawareb is the executive vice president - Industrial Leasing at TECOM

How Dubai’s new R&D programme will strengthen UAE’s manufacturing sector

By tapping into the economic and partnership opportunities catalysed by the R&D programme, businesses can leverage technology to enhance operations and product development

copper ore

Saudi Arabia announces discovery of gold, copper ore in Madinah

Copper ore was discovered at four sites in the Al-Madiq area in the Wadi Al-Faraa region in Madinah

ADDED licences H1 2022

Abu Dhabi’s ADDED registers 136 new industrial licenses in H1 2022

The total number of active in-production licenses was 866 by end of June, according to the Industrial Development Bureau’s manufacturing report

Israel

Calev’s newsroom: How Israel and the Gulf are cooperating on defence

The growing level of cooperation has been set in motion by the Abraham Accords

Emirates Global Aluminium

UAE’s Emirates Global Aluminium reports $1.6bn in net profit for H1 2022

The company’s revenue for the first half of the year stood at $5bn, compared to $2.9bn in H1 2021

GE Digital

ADDED, GE Digital partner to accelerate digital transformation in Abu Dhabi’s manufacturing sector

Both organisations will adopt circular economy strategies to drive a more productive, advanced and innovative sector while reducing greenhouse gas emissions

TA’ZIZ, Reliance Industries Limited

UAE’s Ta’ziz, Reliance sign agreement for Ruwais chemicals project

These chemicals will be produced in the UAE for the first time creating new revenue streams and opportunities for local manufacturers

Abu Dhabi’s Al Seer Marine completes Dhs495m financing deal for VLGCs

The funds will be used by Al Seer Marine to construct two VLGCs that have a capacity of 86,000 cubic metres, with LPG-fuelled propulsion machinery

MOFAIC, MoIAT to enable authentication procedures for UAE factories

The procedures will enable digital services, simplify business procedures, and reduce costs for investors and owners of industrial businesses in the UAE.

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Dubai-based Tradeling partners with Hong-Kong’s electronics manufacturer Astrum

Tradeling will be the exclusive distributor of Astrum’s goods in the MENA region

UAE’s Al Seer Marine commences work on its first ‘very large gas carrier’

Lucky Gas, Al Seer Marine’s first VLGC, is expected to be completed and delivered by March 2023, with work on the second VLGC scheduled to commence in May

single-use plastic ban starts on Jan 1

Abu Dhabi to ban single-use plastic bags from June 1

The Environment Agency – Abu Dhabi will also phase out single-use styrofoam cups, plates and food containers by 2024

Dubai Science Park

Gabri Labs to invest Dhs18m in new manufacturing facility in Dubai Science Park

The 10,000 sq ft facility will begin with an initial production volume of 12 million units per year

Saudi’s Alpha Pharma and SAP sign deal for digital transformation partnership

SAP’s suite of solutions to deliver initial steps into wider digitalisation strategy

Emirates Global Aluminium reports $1.5bn in net profit for 2021

Revenue totalled $6.9bn in 2021, compared to $5.1bn in 2020