UAE-based Azizi Developments has signed a 50-year lease agreement with Khalifa Economic Zones Abu Dhabi (Kezad) representing an investment value of AED2 billion ($544 million). The newly leased plots, spanning nearly 440,000 sq m, will accommodate 12 factories.
Kerry, a leading Irish sustainable taste and nutrition solutions company, has signed a long-term lease deal with Expo City Dubai to set up its new Regional Customer Co-Creation Centre. The new Kerry facility will serve as a major research and development centre.
DP World has announced the launch of a new 36-hour maritime service between Dubai’s Mina Rashid and Iraq’s Umm Qasr Port, providing a faster alternative to overland trucking and accommodating up to 145 accompanied trailers per sailing.
UAE's leading agri-tech food company Silal said its innovation Oasis (iO) has signed a landmark collaboration agreement with Square Roots, a global agritech company specialising in modular controlled-climate farming and AI-powered cultivation systems, to advance climate-smart desert farming.
Dubai-based Legend Holding has entered into an agreement with Jebel Ali Free Zone (Jafza) to set up its regional headquarters and logistics complex on a 1 million sq ft area. Construction will be delivered in two phases, starting with space for 5,000 vehicles in April.
Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to expand the emirate’s role as a global capital hub. By 2045, FIDA is projected to contribute an additional $15.2 billion to the emirate's direct GDP.
Emirates Water and Electricity Company (Ewec) has announced the opening of registration for its Clean Energy Certificates (CECs) auction for the first quarter of 2026. The last date for the registration has been set for January 9.
BlackRock has announced that it has signed strategic agreements with IHC Group entities - Finstreet Limited and ADI Foundation - to explore initiatives on the development of tokenised markets and next-generation financial architecture.
UAE-based facilities management group Farnek said one of its key subsidiaries, Hitek AI, has launched a significant upgrade to its Safetek digital safety management platform thus catering to key sectors such as construction and manufacturing industries.
The Saudi Ports Authority (Mawani) has announced the addition of the new maritime shipping service “China Red-Sea” by Global Feeder Shipping that connects Jeddah Port with Shanghai, Qingdao, Nansha, and Shekou in China, as well as Sokhna in Egypt and Aqaba in Jordan.
