Oklahoma state officials have announced a significant agreement with Emirates Global Aluminum for the construction of a $4 billion aluminum manufacturing facility in northeast Oklahoma. This facility represents the first new aluminum smelting operation to be built in the United States in 45 years. Governor Kevin Stitt and officials from the Oklahoma Department of Commerce...
China-based Xinxing Ductile Iron Pipe Company has signed four contracts valued at a total of $47 million for significant projects in Kuwait, Iraq, Tunisia, and Jordan. This announcement was made through a company statement, highlighting the firm’s growing presence in the Middle East and North Africa (MENA) region. Waleid Gamal El-Dein, the Chairman of the...
Khazaen Economic City has finalized an investment agreement with Sohar Food & Beverage LLC to set up a beverage manufacturing facility in its designated Food City zone. This new project is valued at RO 8 million (approximately $20 million) and will cover an area of 15 000 square meters. The facility will focus on producing...
The AM Lab, a new start-up based in the UAE, is focusing on transforming the digital manufacturing landscape by helping manufacturers reduce the costs associated with purchasing machine parts that are typically available only from foreign suppliers. This innovative approach aims to create a more efficient supply chain for local manufacturers. The founders of The...
Saudi Arabia has signed a memorandum of understanding (MOU) with packaging solutions company Sidel in Paris, France, aiming to explore the establishment of packaging operations within the kingdom. This agreement was formalized during the official visit of Saudi Arabia’s Minister of Industry and Mineral Resources to France. The MOU was signed by Saleh AlSolami, CEO...
Arabian Cement Company has reported a net profit of SAR 23.60 million for the first quarter of 2025, representing a significant 56.45% decline from SAR 54.20 million during the same period in 2024. The company’s earnings per share (EPS) decreased to SAR 0.24 in Q1-25, down from SAR 0.54 in Q1-24, according to the financial...
UAE-based food packaging company Hotpack has announced the establishment of its first manufacturing and distribution hub in North America, located in New Jersey. This strategic move aims to enhance service delivery to its US customers and reflects the company’s commitment to innovation and environmental responsibility in the global packaging market. Last week, Hotpack, in collaboration...
UAE-based food packaging company Hotpack has announced its decision to establish its first manufacturing and distribution hub in North America, located in New Jersey. This move is aimed at improving service delivery to Hotpack’s customers in the United States and underscores the company’s commitment to innovation and environmental responsibility in the global packaging industry. Last...
Saudi-listed Advance International Company for Communication and Information Technology (AICTEC) has entered into a memorandum of understanding (MoU) with the Chinese firm ZKTeco to establish a new factory in Saudi Arabia. Under this agreement, ZKTeco will hold a 60% stake in the joint venture, while AICTEC will retain the remaining 40%. The total capital for...
Siderise Group, a UK-based provider of fire protection solutions, has launched a new manufacturing facility in Dubai, United Arab Emirates (UAE). This facility marks Siderise’s first production site outside the UK, enhancing its operational capacity in the region. The new site will initially focus on producing the RH25-120/90 open-state cavity barrier, which is designed for...