National Industries Park (NIP) has signed an agreement with Al Bayader International to develop a AED180 million ($50 million) integrated manufacturing and logistics hub in Dubai, expanding regional food packaging production capacity by up to 30,000 tonnes annually.
The Saudi Ports Authority (Mawani) has announced that it has signed a concession agreement with Saudi Global Ports (SGP) to develop, operate and manage the container terminal at Jubail Commercial Port, in a project involving investments of more than SAR2 billion ($528 million).
Gulftainer (GT), a globally trusted leader in integrated maritime and logistics solutions, has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor — a landmark 150-hectare regional powerhouse with annual capacity of 1.5 million TEUs.
South Korean tech giant Samsung Electronics Company spent nearly 90 trillion won ($59.2 billion) on capital expenditures and research and development (R&D) in 2025, making it the biggest investor among the world's top 10 semiconductor companies, industry data showed.
Saudi Arabia's economy is expected to accelerate sharply in 2027 after a subdued performance this year, with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026, driven by a recovery in oil production and continued expansion of non-oil sectors.
Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution.
Afcons, a flagship infrastructure engineering and construction company of Indian group Shapoorji Pallonji, has secured a Rs53 billion ($554 million) contract from Vadhvan Port Project for the construction of a 10.14 km-long breakwater in Maharashtra. On completion, it will be the second longest breakwater in the world.
GAIA BioMaterials, a global leader in biodegradable and compostable bioplastic compounds, has received final confirmation of its European patent for PLA-free film extrusion materials.
Arclin, a global materials science company, has announced that it has completed the acquisition of DuPont’s Aramids business, including the renowned Kevlar and Nomex brands, for approximately $1.8 billion.
Services now account for most of the world’s $2.5 trillion ocean-related trade, overtaking goods and opening new opportunities for developing countries to create value from the ocean while protecting it, says a new UNCTAD study.
