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FPI Gulf to manufacture automotive parts at KAEC’s Masarat Mobility Park

Masarat Mobility Park has signed a development lease agreement with Fortune Parts Industry Gulf (FPI Gulf) a joint venture between Thailand based FPI Group and local partner Fuel Autoparts Company. This...

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Saudi EV brand CEER signs $987m local supply chain deals

CEER Saudi Arabia s first electric vehicle (EV) brand and original equipment manufacturer (OEM) has announced a significant expansion of its domestic supply chain at the 4th PIF Private Sector Forum. The...

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Lockheed Martin, Pioneers to build Saudi Arabia’s first IAMD ground depot

Lockheed Martin and Saudi-based technology leader Pioneers Technical Systems Co (PTS) have announced a strategic partnership to establish the Saudi Arabia s inaugural PAC-3 ground depot. The facility will...

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SAMI launches new units at World Defense Show

Saudi Arabian Military Industries (SAMI) Group launched several new key units at the World Defense Show which opened in Riyadh on Monday. Minister of Defense and Vice Chairman of the Board of Directors...

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NTT Data buys AWS partner Zero&One to boost Mideast cloud growth

NTT Data a Japanese multinational information technology service and a global leader in AI and digital business has acquired Zero&One an Amazon Web Services (AWS) premier tier services partner in the Middle...

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Estonia to showcase intelligent systems, field-ready technologies at WDS Riyadh

Estonia will participate in the World Defense Show 2026 in Riyadh presenting its defence sector as a trusted partner in strengthening security through digital resilience intelligent systems and field-ready...

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Global demand lifts Bahraini pearl prices to record levels

Bahrain s natural pearl sector has witnessed prices surge by at least 40% over the past year buoyed by the renewed global demand for rare gemstones as laboratory-grown alternatives gain market share said...

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200 Russian firms to take part in Innoprom Saudi Arabia industrial trade fair

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....

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UAE industrial exports top $71m in 2025, up 25%

The UAE s industrial exports reached a record value of AED262 billion ( 71.34 billion) in 2025 for the first time recording 25% growth compared to 2024 and more than doubling since the establishment of...

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Hope Fund announces new identity for Bahrain's HQ Industrial project

The Hope Fund in partnership with Bahrain s Ministry of Industry and Commerce has announced the launch of the new identity of the HQ Industrial project which includes a makerspace and an industrial innovation...

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Bahri delivers record $2.4bn net profit for 2025; revenue hits $10.3bn

Bahri the leading shipping and logistics company in the Kingdom of Saudi Arabia has delivered solid results for FY 20225 with a record net profit of 2.43 billion the highest annual earnings in Bahri s...

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GE Aerospace signs industrial participation agreement with Saudi GAMI

GE Aerospace and Saudi Arabia s General Authority for Military Industries (GAMI) have signed an Industrial Participation Agreement to enhance F110 repair capabilities and strengthen maintenance repair...

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Saudi Arabia, Airbus plan aviation industrial base in kingdom

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...

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2PointZero Group revenue up 311% to $1.91bn

2PointZero Group a leading Abu Dhabi-based investment holding firm on Friday announced its FY 2025 results reporting revenue growth of 311 percent year-on-year to AED7 billion ( 1.91 billion) that bring...

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Tanmiah signs MoUs to bolster circular economy, food security

Tanmiah Food Company one of the kingdom s leading vertically integrated poultry and food producers has signed two strategic memoranda of understanding (MoUs) with Sequencive sustainability portfolio companies...

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AD Ports Group signs deal to manage and operate Aqaba port in Jordan

AD Ports Group a leading global enabler of integrated trade industry and logistics solutions on Thursday signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to manage and operate...

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