Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas and the world’s biggest ‘premium aluminium’ producer, has completed its acquisition of an 80 percent stake in Italian aluminium recycling company Eco Green.
The UAE has announced plans to invest €40 billion in Germany across a number of sectors that represent strategic and development priorities for both countries. These include industry, advanced technology, artificial intelligence, digital infrastructure and energy.
Saudi utility major Acwa Power, in consortium with the Water Transmission Company (WTCO), has signed a technical services agreement with top engineering and consultancy group Fichtner to assess Syria’s water resources and develop solutions for seawater desalination and water transmission.
Chinese group Harbin Electric International is delivering the Rumah-2 Combined-Cycle Power Plant in Saudi Arabia as part of the kingdom's efforts to advance its energy transition under Vision 2030. The company recently hoisted the Gas Turbine Unit 1 into position, thus kicking off the project's installation work.
Oman’s Ministry of Energy and Minerals has signed two agreements to develop mining concession areas covering a combined 1,687 square kilometres, with planned exploration investments of about RO6 million ($15.4 million).
SAL Zones, a subsidiary of SAL Logistics Services specialising in the development of integrated logistics zones across the Kingdom, has signed a memorandum of understanding (MoU) with Advanced Aircraft Technology to explore opportunities for collaboration in developing specialised logistics infrastructure and solutions to support aviation and aerospace projects in the Kingdom.
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have signed a memorandum of understanding (MoU) with the Government of Odisha for 14 projects covering trade and the development of a port, with an investment outlay of $22 billion (IN₹2,10,500 crore).
Business France has announced the appointment of Jean-Philippe Arvert as Regional Director for the Near & Middle East and French Trade & Investment Commissioner to the UAE.
Alfa Laval, a global leader in heat transfer, separation, and fluid handling, has launched its ‘Made in Saudi’ assembly line for heat exchangers.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a contract valued at KD111.05 million ($359 million) for delivering engineering, procurement and construction (EPC) of tanks for Kuwait Oil Company‘s Jurassic Light Oil export facilities.
