Leading UAE defence group Tawazun has joined hands with top global security and aerospace contractor Lockheed Martin to establish an advanced microelectronics assembly facility in the UAE. The project will be executed in partnership with EDGE and Khalifa University of Science and Technology.
Abu Dhabi-based TA’ZIZ has announced that its joint venture with Swiss-headquartered Proman, has achieved financial close on $2 billion financing for the UAE’s first world scale methanol plant in Al Ruwais Industrial City. The transaction was significantly oversubscribed, underscoring the strong global confidence in its strategy.
Attracting international capital into advanced manufacturing is central to the UAE's long-term economic vision, said Mohamed Hassan Alsuwaidi, UAE Minister of Investment.
ROX, a premium automotive manufacturer specialising in intelligent new energy vehicle, has announced a strategic agreement with Khalifa Economic Zones Abu Dhabi - KEZAD Group to establish the Middle East’s first Advanced AI Manufacturing Centre for luxury vehicles.
Mubadala Investment Company, an Abu Dhabi-based global investor, today announced a significant minority investment in Power Factors, a leading renewable energy management suite (REMS) provider, alongside existing investor Vista Equity Partners.
EDGE, one of the world’s leading advanced technology and defence groups, through its smart weapon systems producer, HALCON, has awarded a AED200 million ($54.4 million) contract to Emirates Cable Corporation Interconnect (ECCI) to manufacture and supply high-technology cable harness assemblies.
ASMO, a joint venture between Aramco and DHL, has commenced construction of its first purpose built logistics hub at King Salman Energy Park (SPARK), marking a significant milestone in the development of long term logistics infrastructure supporting Saudi Arabia’s energy and industrial sectors.
EMSTEEL and Gulf Cryo have signed an MoU to develop an integrated carbon business model covering capture, utilisation, conversion, and storage, creating a full emissions-to-use value chain.
The National Fire Protection Association (NFPA) Board of Directors has unanimously voted to appoint Ross Ashley, a visionary executive with more than 30 years’ experience in corporate leadership, public safety, intelligence and emergency management as the next president and CEO.
Core42, an Abu Dhabi-based company specialising in sovereign cloud and AI infrastructure, has joined hands with Solutions+, an AI-driven shared services group, to deliver scalable cloud, data and AI infrastructure services across the Mubadala Group and Abu Dhabi government entities.
