Wednesday 4 March 2015

Hamriyah Free Zone takes part in Acrex India

Hamriyah Free Zone took part in a leading air conditioning sector in India, as part of its  expansion plans for this year. The Acrex India 2015 was recently held at the International Exhibition Centre in Bangalore, India. Saudi Salim Al Mazrouei, director, Ham


Senaat, Japanese steel giants form UAE JV

Senaat, one of the largest industrial holding companies in the UAE, has entered into a joint venture with a consortium made of two of Japan’s leading companies in the steel sector to manufacture and sell large diameter high quality sour grade steel pipes. With a total inves


Man Truck & Bus Middle East appoints new managing director

Man Truck & Bus Middle East, a leading international provider of commercial vehicles, has appointed Franz Freiherr von Redwitz as its new managing director. Von Redwitz has been working within the Man Group for over 16 years and has handled a variety of International Bus and


Gulf Extrusions wins top health and safety award

Gulf Extrusions (Gulfex), a leading global manufacturer of extruded aluminium products, has won the Gulf Aluminium Council (GAC) Health and Safety Award, during a special awarding ceremony held at the Gulf Hotel in Bahrain recently. The award was given to Gulfex in recognition of


Kone turnstile solution wins iF Design award

Kone, a leader in the elevator and escalator industry, has won an iF Design Award for its Kone Turnstile 100 solution. The turnstile that won the award has set a new standard for innovative and timeless visual design and functionality, while improving building security, guidance


HDPE products sale to grow 4.3pc to reach $85bn

The sale of high-density polyethylene (HDPE)-based range of products including milk bottles, water pipes and films, is set to grow 4.2 per cent per annum to reach $85.8 billion by 2022, according to a recent research. Leading market research institute Ceresana’s newest repo


Saudi Arabia invests over $533bn in industries

Saudi Arabia’s industrial exports is set to grow by two to six per cent during the next five years, with over SR2 trillion ($533 billion) having been invested in industries across the kingdom, according to a report. Speaking at an industrial opportunities forum in Riyadh, T


E-marine plans fleet expansion

E-marine, a principal provider of submarine cable installation and repair solutions in the Middle East and the Indian Sub-continent region, has unveiled plans to expand its fleet of cable ships this year, with the first ship, the CS Maram, beginning dock trials ahead of its maiden voyage this y


Saudi shipper Bahri plans $1bn sukuk

National Shipping Company of Saudi Arabia (Bahri) plans to sell 10-year sukuk worth SR3.9 billion ($1.04 billion) by the end of March, a company executive said. The firm has chosen HSBC, JP Morgan and Samba Capital, the investment banking arm of Samba Financial Group, to arrange


Digital meter factory to be set up in Oman

Shomoukh Company for Investment and Services, the investment arm of the Public Establishment for Industrial Estates (PEIE), United Anwar al Majd, one of the incubated companies at the National Business Centre, and Linkwell Telesystems recently signed a contract to set up a manufacturing unit in

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