Air cargo tonnages, spot rates and capacity from Asia Pacific all rose in the second week of September, although the strong performance was partly a rebound from national holidays the previous week in Vietnam and Malaysia.
Dubai Chamber of Digital Economy and Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), will enhance funding opportunities for seven technology startups.
Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR771 million ($203.3 million) from Saudi energy giant Aramco for the manufacture and supply of steel pipes for key projects in the kingdom.
Beam Global, a leading provider of innovative and sustainable infrastructure solutions for energy storage and security as well as smart city infrastructure, said it has signed an agreement with Masdar City Free Zone to explore opportunities to incorporate its smart-energy and clean-mobility technologies into the Masdar City ecosystem.
The Kingdom of Saudi Arabia had issued 268 new industrial licences in May with investments estimated at AED2.23 billion ($607 million), said a report, citing official data. With this, the industrial facilities in the kingdom have risen to 13,870, up 12% from the figure of 12,433 last year.
The Middle East Facilities Management Association (Mefma) recently celebrated the achievements of the region’s facilities management (FM) industry at a key event held in Dubai as 35 industry majors won big across 16 categories at its annual gala dinner in Dubai.
Hyundai Engineering Company has announced that its consortium has completed the work on the first phase of Jafurah Gas Processing Facilities Project in Saudi Arabia for global oil giant Aramco. The project, which began in November 2021, was executed over a 45-month period.
Ras Al Khaimah Transport Authority, RAK Department of Civil Aviation, and Chinese company Aridge, a specialised advanced air mobility company affiliated with XPeng, have signed a cooperation agreement to develop, test and implement advanced air mobility solutions in Ras Al Khaimah.
Ras Al Khaimah Economic Zone (RAKEZ) showcased Ras Al Khaimah as an attractive base for Irish businesses looking to establish, scale and access markets across the GCC and beyond at the Irish Business Network Dubai’s annual ‘Rise & Thrive’ seminar.
Global aviation leaders will converge in Riyadh in November to discuss industry’s key challenges and opportunities as Middle East airport development spending is expected to reach $180 billion.
