Joint Venture

Travel, Tourism & Hospitality

flynas, Syria Civil Aviation Authority to launch new airline

Sun, 08 Feb 2026

Saudi Arabia-based flynas has signed an agreement with the Syrian General Authority of Civil Aviation and Air Transport to establish a new commercial airline under the name flynas Syria. Operations are scheduled to begin in the fourth quarter of 2026.

Retail & Wholesale

Aldar, Mubadala form $2.5bn retail joint venture

Tue, 03 Feb 2026

Aldar and Mubadala Investment Company have completed a strategic joint venture to create a premier retail platform that will anchor the next phase of Abu Dhabi’s evolution as a global destination for curated luxury retail experiences.

Energy, Oil & Gas

SABIC to supply raw materials for production of 3.5m tyres to PIF-Pirelli JV

Mon, 16 Feb 2026

The Saudi Basic Industries Corporation (SABIC) has signed an agreement with the joint venture between the Public Investment Fund (PIF) and Pirelli, for the supply of polybutadiene rubber and carbon black for the production of 3.5 million tyres annually.

Industry, Logistics & Shipping

EDGE Group, Leonardo move towards setting up JV

Fri, 21 Nov 2025

Abu Dhabi-based EDGE Group has announced that it has concluded a preliminary assessment of technology transfer activities with Leonardo, an Italian aerospace and defence company, thus confirming its intention to set up a joint venture in Abu Dhabi.