The United States has announced a significant investment framework aimed at the United Arab Emirates (UAE), totaling $1.4 trillion. This initiative will focus on key technology sectors, including artificial intelligence (AI), semiconductors, energy, and manufacturing. The announcement highlights the U.S.’s commitment to fostering technological innovation and economic collaboration with the UAE. This investment framework is...
GE Aerospace has announced plans to invest an additional $10 million in the Middle East, aimed at strengthening the region’s manufacturing capabilities and meeting rising demand for engine services. The new investment is part of the company’s global $1 billion commitment to maintenance, repair, and overhaul (MRO) operations, unveiled in 2024. The funds will be...
Tokai Optical, a leading Japanese company specializing in medical lenses, has officially started its manufacturing operations at the Sharjah Airport International Free Zone (SAIF Zone). The company’s new facility, which spans 4,300 square feet, was inaugurated earlier this year with an initial investment of over AED 8 million. The factory’s first phase aims to produce...
Sheikh Khaled bin Abdullah bin Sultan Al Qasimi, the Chairman of Sharjah Ports, Customs and Free Zones Authority, inaugurated the 20th edition of the SteelFab 2025 exhibition today. This event is recognized as the largest gathering for the metal-manufacturing industry in the Middle East and North Africa. As WAM reports, organized by Expo Centre Sharjah...