• SAMI acquires 100pc stake in Advanced Electronics Co

    MAJOR LOCALISATION BID
    Saudi Arabian Military Industries (SAMI) has signed a term sheet agreement to acquire 100 per cent ownership in Advanced Electronics Company (AEC), an offset programme company.

  • S-Oil inaugurates $4.2bn expansion project


    South Korea's S-Oil, in which Saudi Aramco is the major shareholder, has opened its new $4.2 billion Residue Upgrading Complex and Olefin Downstream Complex.

  • ARA Petroleum, Oman Oasis win awards


    ARA Petroleum, a member of the oil and gas industry in Oman, and Oman Oasis, a leading drinking water manufacturer, recently won SAP Mena Quality Awards for being digital leaders in the sultanate.

  • Hensoldt showcases latest sensor tech


    Hensoldt, a leading Germany-based independent sensor house, is showcasing the latest developments in sensor technology at the ongoing International Radar Symposium in Ulm, Germany.

  • $46m solar project set up in Vietnam with Oman’s support


    The Vietnam-Oman Investment Fund (VOI) has backed the construction of a solar power project in the Vietnamese province of Long An, said a report.

  • Saudi Aramco, Hyundai Heavy to set up manufacturing plant

    12 DEALS INKED WITH KOREAN FIRMS
    State oil giant Saudi Aramco has signed an agreement with Hyundai Heavy Industries and industrial investments group Dussur to jointly set up a company that will manufacture top class engines and also provide after-sales service in the kingdom.

  • Alba wins RoSPA’s Gold Medal award


    Aluminium Bahrain (Alba) was recently honoured with the Gold Medal Award 2019 by the Royal Society for the Prevention of Accidents (RoSPA) in recognition of its outstanding practices to ensure a safe and healthy work environment.

  • ABCC to help develop trade ties between Brazil, Egypt


    The Arab Brazilian Chamber of Commerce (ABCC) discussed different ways of boosting trade cooperation between Egypt and Brazil during its participation in the recent Economic Forum Brazil- Egypt, which was held in Cairo, Egypt.

  • Dubai Silk Road to drive 'industrial space demand'


    Dubai government's visionary Silk Road strategy along with an increasing prevalence of firms from e-commerce, manufacturing and third-party logistics sector is likely to drive demand for the city's warehousing and industrial space, said a report.

  • Tenaris rebrands Saudi Steel Pipe


    Tenaris, a leading supplier of tubes and related services for the energy industry and other industrial applications, has announced that it will rebrand Saudi Steel Pipes (SSP), a welded pipe producer in Saudi Arabia, to TenarisSaudiSteelPipes.

  • MaK offers eco-friendly maritime propulsion system


    MaK Middle East has announced the next level of MaK branded eco-friendly and fuel efficient maritime propulsion system with its industry-leading LNG engines.

  • Schneider Electric chief wins Glassdoor Top CEO award


    Schneider Electric, a leader in digital transformation of energy management and automation, said that its chief executive officer, Jean-Pascal Tricoire, was recognised with a Glassdoor Employees’ Choice Award honouring the Top CEOs in 2019.

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Industry News

SAMI acquires 100pc stake in Advanced Electronics Co

Saudi Arabian Military Industries (SAMI) has signed a term sheet agreement to acquire 100 per cent ownership in Advanced Electronics Company (AEC), an offset programme company....


Digital Edition









News & Features - June 2019

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, has achieved an outstanding safety milestone of 6 million working-hours without lost time injury (LTI) on...


Saudi Arabia’s SR 200 billion ($53 billion) lifeline to its non-oil economy may be in place...


The growth in steel demand remains positive, but growth rates are expected to moderate in tandem...




The success story of King Abdulaziz Port, the largest Saudi port on the Arabian Gulf, dates back to over four...


The pressure vessel market is expected to reach $184.87 billion by 2021, growing at a CAGR of 5.38 per cent from 2016 to 2021, said a report. The growth...


Abu Dhabi Polymers Company (Borouge) has announced that it will significantly increase production of...




Look back through time – there are plenty of examples of businesses that missed out on huge...






Events
First Saudi event to focus on digitalisation plans

Artificial Intelligence (AI) could contribute up to $15.7 trillion to the global economy in 2030, more than the current...


Diary of Events
Diary of events

Gulf Industry Magazine updates you with the latest calendar of events from the Middle East. AUTOMECHANIKA DUBAI June 10 to 12, 2019 The...


Statistics
Statistics

Gulf Industry Magazine helps you catch up with the numbers behind economic and industrial developments in the region. Dubai’s non-oil...











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