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Welcome to our Resource Center, your hub for the latest insights and updates in the MENA region. Explore our collection of blogs, discover funding deals, stay informed on government initiatives, and keep up with key business conferences

Government Initiatives

Read about all the government initiatives in MENA region

UAE

  •  December 10, 2024

Sulzer's technology has been selected by Emirates Biotech for a groundbreaking Polylactic Acid (PLA) productio ..Read More

Sulzer's technology has been selected by Emirates Biotech for a groundbreaking Polylactic Acid (PLA) production facility in the UAE, which will be the world's largest, with a capacity of 160,000 tonnes per year. The plant will use sustainable, plant-based feedstock to produce biodegradable PLA, contributing to reducing plastic waste. Construction is set to begin in 2025, with operations expected by 2028. This project strengthens the UAE's position in the bioplastics industry and supports global sustainability efforts.
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UAE

  •  December 09, 2024

Samsung C&T and Hitachi Energy have signed an MOU to collaborate on high-voltage direct current (HVDC) transmi ..Read More

Samsung C&T and Hitachi Energy have signed an MOU to collaborate on high-voltage direct current (HVDC) transmission projects, leveraging Samsung's EPC expertise and Hitachi's power system capabilities. Building on their $2.4 billion UAE undersea HVDC project, they aim to explore emerging markets in the Middle East, Southeast Asia, and Europe, focusing on renewable energy transmission technologies.
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Saudi Arabia

  •  December 09, 2024

Al Yamamah Steel Industries Co. has secured a SAR 94.9 million contract with National Contracting Company Ltd ..Read More

Al Yamamah Steel Industries Co. has secured a SAR 94.9 million contract with National Contracting Company Ltd to supply steel towers for a 380 kV ultra-high-voltage line project in Saudi Arabia's central region. The contract has a one-year duration, following a $31.7 million contract awarded in November 2024.
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UAE

  •  December 09, 2024

Emirates Global Aluminium (EGA) has begun construction of 10 pilot reduction cells for its next-generation EX ..Read More

Emirates Global Aluminium (EGA) has begun construction of 10 pilot reduction cells for its next-generation EX smelting technology at Al Taweelah. The technology aims to produce more aluminium with less energy and lower emissions, incorporating Industry 4.0 capabilities such as IoT sensors, AI, and machine learning for autonomous control and process optimization. The first hot metal is expected in 2025, with full industrialization targeted by 2028.
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UAE

  •  December 09, 2024

Riyadh Development Company (ARDCO) has signed a strategic partnership with Agility Logistics Parks to develop ..Read More

Riyadh Development Company (ARDCO) has signed a strategic partnership with Agility Logistics Parks to develop a logistics complex in Al Remal District, Riyadh, valued at 227 million SAR. The project will span 97,904 square meters and include 58,000 square meters of Grade A warehouses. ARDCO will hold a 40% stake, while Agility will own 60%. Construction is set to begin in 2025, with completion expected by the second half of 2026.
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Saudi Arabia

  •  December 09, 2024

Parsons Corporation has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh Cit ..Read More

Parsons Corporation has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) to provide program management office (PMO) services for the Main and Ring Roads Program. The project involves approximately 500 km of new and improved road corridors in Riyadh, aiming to reduce congestion and enhance connectivity in preparation for global events like Expo 2030 and the FIFA World Cup 2034. The contract reflects Parsons' long-standing partnership with RCRC on major infrastructure projects in the city.
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Oman

  •  December 09, 2024

OQ Group, Oman, signed seven investment agreements worth RO 25.5 million (USD 66.4 million) for industrial pro ..Read More

OQ Group, Oman, signed seven investment agreements worth RO 25.5 million (USD 66.4 million) for industrial projects under the “Ladayn Polymer Park,” aimed at boosting economic diversification and industrial growth. The agreements involve partnerships with local and international companies, offering incentives like reduced raw material costs and enhanced facilities. Long-term land usufruct agreements were also signed with various firms in Sohar and Salalah Free Zones to support industrial development and export initiatives.
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Oman

  •  December 08, 2024

Oman's Ministry of Energy and Minerals has established the Oman Net Zero Centre to drive the country's 2050 ne ..Read More

Oman's Ministry of Energy and Minerals has established the Oman Net Zero Centre to drive the country's 2050 net-zero emissions goals. The center will oversee energy efficiency projects, provide technical support, manage carbon certification, and foster innovation. It aligns with the National Net-Zero Strategy and aims to support public and private sectors in achieving sustainability objectives.
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