Leading Korean group LIG Defense & Aerospace (LIG D&A) has signed an agreement with UAE defence company Tawazun to explore and develop co-operation in the field of defence and security industry development, with the aim of establishing a global defence manufacturing hub in the UAE.
Largest-ever edition of 'Make it in the Emirates' is set to open in Abu Dhabi featuring 1,200 exhibitors across 88,000 sq m area over four days in front of 120,000 visitors and a host of new features designed to help businesses tap into one of the world’s most dynamic industrial development stories.
Tecom Group, the creator of specialised business districts and vibrant communities, has delivered solid results for Q1, recording a net profit of AED755 million ($201 million), up 11% over last year driven by strong demand across its specialised business districts as well as commercial and industrial portfolios.
Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industrial Transformation Company (Target Company) for SAR700 million ($186.4 million).
Oman's Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics, oil refining and polymer processing at its Al Suwaiq Industrial City.
UAE's real estate market ended 2025 on a successful note thanks to the strong performance across its key sectors including commercial, residential and industrial, mainly driven by resilient non‑oil economic activity, population growth and sustained domestic and global investment appetite, said an industry expert.
Saudi Arabia's National Industrial Development Center has signed a cooperation memorandum with European aerospace corporation Airbus to explore opportunities for developing and localising the aviation and helicopter industry in Saudi Arabia.
More than 200 Russian companies are expected to take part in the upcoming international industrial trade fair “Innoprom Saudi Arabia”, set to take place at Riyadh’s The Arena Venue from February 8 to 10.
Siemens, a industrial technology major, has announced the official opening of its first Siemens Digital Industries Software office in Saudi Arabia, thus marking a significant step in its commitment to supporting the Kingdom's Vision 2030 and its rapidly expanding digital economy.
The World Advanced Manufacturing & Logistics (WAM) Saudi Summit & Expo 2026, officially concluded after three days of high-impact sessions, strategic collaborations and innovative showcases, highlighting the Kingdom’s ongoing industrial transformation led by the Saudi Vision 2030 agenda.
