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

Emirates Biotech has appointed SAMSUNG E&A as the EPC contractor for its Falcon PLA Project, a biodegradable p ..Read More

Emirates Biotech has appointed SAMSUNG E&A as the EPC contractor for its Falcon PLA Project, a biodegradable plastic production facility in the KEZAD free zone, Abu Dhabi, set to be operational by early 2028. The pre-EPC contract was signed on 14 April 2025, and Sulzer has been selected as the technology provider. The project underscores Emirates Biotech’s commitment to sustainable innovation and aims to replace fossil-based plastics with renewable alternatives.
Read Less

• Construction
• Manufacturing

Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sq ..Read More

Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sqm industrial zone for the Ras El Hekma megaproject in Egypt. The zone will focus on attracting manufacturers of sustainable building materials, strengthening supply chains, and driving industrial growth. Anchor partners include Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete. Projected to generate 20,000+ jobs and boost Egypt’s GDP, the zone will enhance Egypt’s trade position and Ras El Hekma’s vision as a globally competitive hub.
Read Less

• Construction
• Manufacturing

Alghanim Industries has broken ground on a new 256,000 sqm Kirby Building Systems facility in Sudair Industria ..Read More

Alghanim Industries has broken ground on a new 256,000 sqm Kirby Building Systems facility in Sudair Industrial City, Saudi Arabia, with an annual production capacity of 100,000 metric tons each of structural steel and PEB. This investment supports Vision 2030 by boosting Saudi Arabia’s export capabilities and positioning the Kingdom as a global hub for high-quality steel structures. The facility will create local employment, enhance expertise in steel fabrication, and supply international markets across the GCC, Africa, India, and Southeast Asia.
Read Less

• Manufacturing