Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Om ..Read More

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Omani-UAE partnership led by DP World) signed a 50-year agreement to develop the first phase of the Al Rawdha Special Economic Zone in Mahdah, Al Buraimi. Spanning 14 sq km initially (expandable to 25 sq km), the zone will focus on sectors like manufacturing, logistics, pharmaceuticals, mining, and food industries. It will benefit from incentives like 100% foreign ownership, customs exemptions, and one-stop-shop services. First-phase investments are estimated at $2 billion, and construction starts next week.
Read Less

• Construction
• Manufacturing

Saudi Arabia’s Ministry of Energy, through SPPC and Nabah Renewable Energy Company (owned by ACWA Power, PIF ..Read More

Saudi Arabia’s Ministry of Energy, through SPPC and Nabah Renewable Energy Company (owned by ACWA Power, PIF’s Badeel, and SAPCO), signed a Solar PV Purchase agreement with Larsen & Toubro, Jinko Solar, and Neway Energy (NPT) for the 1,500 MW Al-Khushaybi Project in Qassim Province. The deal mandates 20% of PV panels to be locally manufactured, promoting localization, local content, and national manufacturing capabilities. This aligns with SPPC’s broader renewable energy expansion announced in June 2024.
Read Less

• Manufacturing
• Power

Emirates Global Aluminium (EGA) plans to invest $4 billion to build the first new primary aluminium plant in t ..Read More

Emirates Global Aluminium (EGA) plans to invest $4 billion to build the first new primary aluminium plant in the U.S. since 1980, with a 600,000-tonne annual capacity—nearly doubling U.S. output. Located in Inola, Oklahoma, the plant aims to begin construction by end-2026 and produce first hot metal by decade’s end. It is expected to create up to 4,000 construction jobs and 1,000 permanent jobs, and spur a regional aluminium hub. EGA is also expanding its recycled aluminium capacity in Minnesota.
Read Less

• Manufacturing

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s PIF (70%) and South ..Read More

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s PIF (70%) and South Korea’s Hyundai (30%), held its groundbreaking ceremony in the King Salman Automotive Cluster at KAEC. The facility—Hyundai’s first in the Middle East—aims to produce 50,000 ICE and EV vehicles annually starting Q4 2026, creating thousands of jobs and supporting Vision 2030 goals. The plant will enhance local capabilities, drive industrial growth, and accelerate Saudi Arabia’s position in the global automotive sector.
Read Less

• Manufacturing
• Transport

Oman's ITHCA Group has signed an investment agreement with U.S.-based Lumotive to support advancements in prog ..Read More

Oman's ITHCA Group has signed an investment agreement with U.S.-based Lumotive to support advancements in programmable and optical semiconductors. The partnership aligns with Oman’s Vision 2040 to become a regional tech hub and promote digital transformation. Lumotive, a recognized innovator with CES Innovation Awards, will bolster Oman’s semiconductor ambitions through this strategic collaboration.
Read Less

• Manufacturing

At the Advantage Oman Forum, SOHAR Port and Freezone signed a land lease agreement with JA Solar OM (FZC) SPC ..Read More

At the Advantage Oman Forum, SOHAR Port and Freezone signed a land lease agreement with JA Solar OM (FZC) SPC to establish a $565 million solar cell and module manufacturing facility. Spanning 32.5 hectares in Phase 2 of the Freezone, the project will have an annual capacity of 6 GW solar cells and 3 GW modules, with operations set to begin in Q1 2026. This initiative supports Oman Vision 2040 and reinforces Oman’s role in the global clean energy transition.
Read Less

• Manufacturing

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a Memorandum of Cooperation ..Read More

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a Memorandum of Cooperation with OQ Alternative Energy to implement an Energy Excellence Programme aimed at achieving net-zero emissions by 2050. The MoC includes support for energy efficiency assessments, decarbonisation initiatives, ISO 50001 certification, and the development of an energy strategy. The initiative aligns with Oman Vision 2040 and supports sustainability efforts across economic zones, free zones, and industrial cities.
Read Less

• Manufacturing
• Power

British climate tech firm Levidian and Canadian graphene specialist Zentek have partnered to explore setting u ..Read More

British climate tech firm Levidian and Canadian graphene specialist Zentek have partnered to explore setting up a graphene manufacturing facility in the Middle East. The facility will support the regional rollout of Zentek’s ZenGUARD™ Enhanced Air Filters and other graphene-based products, combining Levidian’s LOOP carbon capture system with Zentek’s nanomaterial expertise. The hub is expected to create around 100 direct and 150 indirect jobs, contributing to regional sustainability and improved air quality.
Read Less

• Manufacturing