As Saudi Arabia continues to diversify its economy away from the traditional pillars of hydrocarbon-based industries, the kingdom is building a growing reputation as a dynamic destination for foreign direct investment.

The Jeddah Chamber of Commerce and Industry (JCCI) has launched an initiative to set up 60 eco-factories in Saudi Arabia’s leading industrual city – Jeddah.

Saudi Arabian Military Industries (Sami) said it has entered into an agreement with Figeac Aéro, a world-class French aerospace company specialised in the machining of structural, engine, and precision parts in light alloys and hard metals.

AL KATHIRI Holding Company said one of its subsidiary companies, Alian Industry Company, has won initial approval from Saudi Industrial Development Fund (SIDF) to finance the construction of the factory that will manufacture an advanced building system with the help of Italian technology in Sudair city.

While Saudi Arabia is embarking upon its Vision 2030 mandate to transform the country into a leading industrial powerhouse and a global logistics hub, NAQEL Express is playing an important role in fulfilling its obligations as the country’s leading logistics player.

ANSARI Engineering Services (AES) has teamed up with leading 3D scanning company Faro to play a pioneering role in Bahrain in the field of building information modelling (BIM), which offers immense opportunities for revolutionising the engineering and design industry.