Tuesday 19 March 2024
 
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United Solar breaks ground on $1.3bn Oman polysilicon factory

Oman-based United Solar Holding has broken ground on its major polysilicon factory project being set up at an investment of RO520 million ($1.3 billion) within the Sohar Port and Freezone.    The landmark project, which is set to be the largest of its kind

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ADIO expands Abu Dhabi’s trade links with Western Australia

The Abu Dhabi Investment Office (ADIO) has signed a collaboration Letter of Intent with Western Australia’s (WA) Department of Jobs, Tourism, Science and Innovation to accelerate growth across shared areas of economic interest. The collaboration is part of a series of strategic ADIO ini

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Total diamond trade in Dubai hits $38.3bn in 2023: DMCC

Dubai’s diamond trade in 2023, headlined by 2% year-on-year growth in the value of rough and polished diamonds, has hit $38.3 billion, representing a five-year compound annual growth rate of 11%.    Dubai Multi Commodities Centre (DMCC) has announced

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Technip consortium wins EPC contract for major Adnoc project

A major international consortium comprising Technip Energies, a major global engineering company, along with Japanese EPC contractor JGC and UAE-based National Petroleum Construction Company has secured a sizeable contract from Abu Dhabi National Oil Company (Adnoc) for its new liquefied natu

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UAE ranks second in greenfield FDI; draws $15bn in 2023

The UAE ranked second globally in the number of greenfield FDI projects in 2023, with 1,280 projects, trailing only behind the United States, which led with 1,966 projects.   The number of greenfield FDI projects in the UAE surged by 36% y/y, taking the UAE up t

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Saudi Railways, Maersk enter container transportation deal

Saudi Arabia Railways (SAR) has signed a contract with the sea shipping major Maersk to increase the number of containers transported on SAR trains between King Abdulaziz Port in Dammam and Riyadh Dry Port, a Saudi Press Agency report said.   SAR CEO Bashar Khal

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Zamil, Sami Land break ground on Saudi industrial complex

Zamil Steel Construction Company, a key subsidiary of Saudi-based Zamil Industrial Investment Company, has joined hands with Sami Land Services to break ground on its new industrial complex located at Al Kharj in Saudi Arabia.    The partnership wit

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SPARK Logistics signs 2 MoUs to explore leasing prospects

SPARK Logistics has signed two Memoranda of Understanding (MoUs) with ESAB, a world leader in welding equipment, and Petromasafi, a key supplier of oil and gas chemical products, to explore leasing opportunities.    SPARK Logistics, a joint venture between

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Al Buraimi Industrial City attracts furniture factory worth $18.2m

Oman’s Al Buraimi Industrial City has signed an investment deal with Golden Palaces for Trade and Investment to establish a OMR7 million ($18.2 million) furniture manufacturing factory on a 17,000 sq m area.    The factory will blend traditional featu

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Deloitte, Dynatrace create Centre of Excellence in EMEA

Deloitte has expanded its strategic partnership with Dynatrace, the leader in unified observability and security, to help European enterprises accelerate their digital transformation and cloud migration journeys.    As part of the expansion, Dynatrace and D

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