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...
Etihad Airways, the national airline of the United Arab Emirates, and China Eastern Airlines have officially launched their significant joint venture (JV). The ceremony took place during the Arabian Travel Market (ATM) in Dubai this week. Credit: Aletihad This launch follows the arrival of China Eastern’s inaugural MU237 flight from Shanghai to Abu Dhabi on...
Brikyland Technologies, a prominent platform for blockchain-based real estate tokenization, has partnered with Inovartic Investments, an innovation-driven investment firm based in Abu Dhabi, to establish a strategic joint venture. This partnership aims to explore, develop, and implement tokenized real estate and green asset-backed investment technologies within the UAE. The joint venture is expected to utilize...
Maroc Telecom, which is controlled by the UAE, and its domestic competitor Inwi, owned by Morocco’s royal family, have reached an agreement to settle a long-standing dispute. This resolution includes plans for two joint ventures aimed at expanding and upgrading telecommunications networks across Morocco. This breakthrough is significant for Maroc Telecom, allowing it to reduce...
Etihad Airways, the national airline of the United Arab Emirates, and Ethiopian Airlines have announced a strategic Joint Venture (JV) aimed at transforming travel connectivity between Africa, the Middle East, and Asia. The agreement was signed at Ethiopian Airlines’ headquarters in Addis Ababa and includes a codeshare arrangement that will open up new travel opportunities...
Maestral, a shipbuilding joint venture based in Abu Dhabi between Fincantieri and EDGE, has secured a significant contract for an ‘In-Service Support Strategic Partnership Project’ aimed at enhancing the entire fleet of the United Arab Emirates (UAE) Navy. This contract is valued at over $520 million and will be implemented over a five-year period. The...
ADQ, a prominent global sovereign investor focused on critical infrastructure and supply chains, has partnered with Orion Resource Partners, a global investment firm specializing in metals and materials. Together, they have established a new joint venture based in Abu Dhabi that will invest strategically in the metals and mining sector, aiming to enhance supply chain...