Shyam Middle East FZC, part of India's Shyam Steel Group, has inaugurated its new manufacturing facility in Hamriyah Free Zone, Sharjah, with an initial investment of AED60 million ($16.34 million).
Saudi food and beverage manufacturing major Almarai has recorded solid results for Q2 despite the shipping woes and regional pressures. Its revenue surged 11% y-o-y to hit SAR5.87 billion ($1.54 billion) driven by resilient supply chain and robust demand across its core sectors.
Lubrizol, a Berkshire Hathaway company, has joined forces with Indian group Grasim Industries for the opening of a world-class chlorinated polyvinyl chloride (CPVC) resin manufacturing facility in Gujarat. The new plant will cater to the industrial piping needs as well as HVAC industries.
TKE Alat, a joint venture between TK Elevator (formerly known as ThyssenKrupp Elevator), and Alat, a Saudi Arabian manufacturing company, have announced the groundbreaking of its planned elevator and escalator manufacturing and multi-purpose facility at Dammam's Third Industrial City.
Attracting international capital into advanced manufacturing is central to the UAE's long-term economic vision, said Mohamed Hassan Alsuwaidi, UAE Minister of Investment.
China's factory activity stalled in May, signalling continued pressure on the sector from weak domestic demand and rising production costs, an official survey showed on Sunday.
Shyam Middle East Resources, a part of India’s renowned Shyam Steel Group, is set to establish a non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone. The project marks a significant step in the group’s global expansion strategy.
DP World has announced that work is moving at a steady pace on the three key facilities within Jebel Ali Rail Terminal, which connects the port directly to the UAE’s national rail network and has an 800,000 TEUs capacity. On completion, the terminal will boast a total capacity of 1.6 million TEUs per annum.
Dubai Investments reported profit before tax of AED185.06 million ($50.54 million) for the three-month period ended March 31, 2026, compared to AED184.89 million ($50.34 million) during the same period last year.
Adnoc is accelerating Ruwais’ industrial transformation through AED200 billion ($55 billion) in planned project awards for 2026-2028, expanding downstream investments, strengthening In-Country Value, and supporting the UAE’s Make it in the Emirates industrial growth initiative.
