Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazi ..Read More

Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazil’s Itaminas, aiming to establish an integrated iron ore shipping system. The deal will leverage Sohar Port's advanced facilities and the Hafeet Rail network to enhance supply chain efficiency for the iron and steel industry. Itaminas, with a production capacity of 6.5 million tons (expandable to 15.5 million tons) annually, plans to export to the Middle East and explore setting up parts of its value chain in the GCC. Construction of the railway is actively underway.
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• Transport

TK Elevator (TKE) has secured a major contract for Kuwait International Airport (KWI) Package No. 3, covering ..Read More

TK Elevator (TKE) has secured a major contract for Kuwait International Airport (KWI) Package No. 3, covering 55 custom-designed Passenger Boarding Bridges (PBBs), along with a 2-year maintenance contract. The bridges will support the under-construction Terminal 2, designed by Foster + Partners and executed by Limak Insaat, set to boost KWI’s capacity to 25 million passengers annually. TKE’s solutions aim to enhance operational efficiency and elevate the passenger experience, reinforcing its strong presence in the region.
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• Construction
• Transport

Matarat Holding signed an MoU with Thales at the Passenger Terminal Expo in Madrid to drive digital transforma ..Read More

Matarat Holding signed an MoU with Thales at the Passenger Terminal Expo in Madrid to drive digital transformation across 27 Saudi airports. The partnership aims to enhance passenger experience and operational efficiency using Thales's expertise in AI, biometrics, cybersecurity, and automation. This strategic collaboration aligns with Saudi Arabia’s Vision 2030 to establish a smart, secure aviation ecosystem.
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• Transport

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.
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• Manufacturing
• Transport

AD Ports Group (UAE) and Egypt’s SCZONE signed a 50-year renewable usufruct agreement to develop a 20 km² i ..Read More

AD Ports Group (UAE) and Egypt’s SCZONE signed a 50-year renewable usufruct agreement to develop a 20 km² industrial and logistics park near Port Said, named KEZAD East Port Said. Phase 1, covering 2.8 km², will begin construction by end-2025 with a $120 million investment. The partnership includes Hassan Allam Holding and aims to transform the area into a global trade hub. AD Ports Group has also invested in multiple logistics, terminal, and cruise projects across Egypt since 2022.
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• Transport

Egis has partnered with the Ministry of Transport of Qatar to develop the Qatar Public Transport Master Plan ( ..Read More

Egis has partnered with the Ministry of Transport of Qatar to develop the Qatar Public Transport Master Plan (QPTMP), a 30-month project aimed at transforming the nation’s transportation system. The plan will address urban growth, congestion, and environmental impact, providing actionable frameworks for planning, design, and implementation. It will also promote sustainability by reducing carbon emissions and supporting healthier lifestyles.
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• Transport

SOHAR Port and Freezone in Oman is investing USD $23 million in expanding its freezone area to meet growing de ..Read More

SOHAR Port and Freezone in Oman is investing USD $23 million in expanding its freezone area to meet growing demand, covering 500 hectares of leasable land with extensive infrastructure, including roads, flood protection, and a security fence. The expansion is supported by the new Law of Special Economic Zones and Free Zones, making Oman more competitive for foreign investment. The project aligns with Oman’s Vision 2040 and aims to foster economic growth, attract global investments, and boost industrial and logistical capabilities.
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• Transport

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, fo ..Read More

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, focusing on efficiency and environmental performance. The partnership combines Aramco's research in energy solutions with BYD's expertise in new energy vehicles, aiming to create breakthroughs in transport efficiency and reduce carbon footprints. This collaboration supports global climate goals and fosters innovation in energy transition technologies.
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• Transport