Industry

Wolffkran Holding, a prominent name in tower crane design and manufacturing, has formed a strategic alliance with Saudi Arabia's Zamil Group Investment Company. This partnership, formalized at a ceremony in Riyadh, gives Zamil a 50% stake in Wolffkran's local business, Wolffkran for Equipment. The agreement builds on prior announcements and highlights both companies' ambition to expand in Saudi Arabia and...

At the 28th World Investment Conference, Saudi Arabia announced nine major investment agreements totaling over SAR35 billion. These agreements underscore the nation's dedication to digital transformation and sustainable growth. The conference, themed “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities,” is organized by Invest Saudi alongside the World Association of Investment Promotion Agencies. These deals align with Saudi Arabia's...

GlassPoint has announced plans to create the world's largest solar thermal project, Maaden I, in collaboration with Saudi Arabia's mining giant Maaden and Spanish utility Cox. This initiative aims to decarbonize the industrial process heat sector. The project will feature the GlassPoint Ma’aden Technology Showcase (GMTS), marking the first phase in this $1.5 billion venture. It will merge solar heat...

Saudi Arabia is set to advance its industrial sector through a new collaboration with Vedanta Copper International, a branch of India's Vedanta Ltd. The partnership, involving a $2 billion investment, aims to develop copper projects in the Kingdom. This collaboration, established via a memorandum of understanding, supports Saudi Arabia’s Vision 2030 initiative. The vision seeks to diversify and strengthen the...

Saudi Arabia is set to boost its industrial capabilities in manufacturing and mining, according to Minister Bandar Alkhorayef. The goal is to advance into new industries and tackle worldwide issues. During the World Investment Conference in Riyadh, Alkhorayef highlighted the Global Supply Chain Resilience Initiative (GSCRI). This initiative aims to integrate Saudi Arabia into international supply chains, addressing major challenges...

Zain KSA, a leading telecom provider in Saudi Arabia, has successfully acquired the 600 MHz spectrum band during a recent auction by the Communications, Space, and Technology Commission. This acquisition marks a significant step in enhancing the company's 5G Standalone (5G SA) network capabilities. The 600 MHz spectrum is renowned for its ability to improve both urban and rural coverage,...

Gcore, a leader in edge AI solutions, has partnered with technology company Ezditek to establish a high-performance AI infrastructure in Saudi Arabia. This joint venture aims to create an 'AI factory' focused on building, training, and deploying generative AI solutions. The collaboration merges Gcore's expertise in cloud-based AI with Ezditek's proficiency in sustainable data center design. Andre Reitenbach, CEO of...

The Austrian company MCI Mining Construction International (MCI) and Saudi Arabia-based EPC contractor Within Construction for General Contracting Company have entered a strategic partnership. This collaboration aims to deliver advanced solutions to Saudi Arabia's growing mining and construction industries. MCI, a global leader in mining and material handling machinery, believes this partnership will significantly impact the Saudi market. By merging...

A new tire manufacturing facility in Yanbu is set to create over 2,000 jobs, thanks to a USD 470 million investment. Saudi Arabia's Black Arrow Tire Co. (Blatco) and Thailand's Golden Star Rubber Co. have teamed up to build the Middle East's largest tire plant. Golden Star Rubber will supply natural rubber to the facility, which is supported by the...

Opulence Capital is taking a significant step forward by establishing Saudi Arabia's first Co-Polymer 2A manufacturing facility. This venture, in collaboration with a multinational coalition, aims to elevate the Kingdom's status in high-performance polymers, aligning with Vision 2030's economic and healthcare objectives. The facility, a first of its kind in Saudi Arabia, is developed with international expertise, including a notable...