Industry

The Middle East Paper Company (MEPCO) has announced that its subsidiary, Juthur Paper Manufacturing Company, has entered into a contract with Andritz AG, an Austrian firm. This agreement is for the creation, delivery, and installation of a new tissue production line, known as TM6. The contract's value is capped at 25% of MEPCO's total revenue, according to the most recent...

Jeddah's industrial growth is set to accelerate with the development of 52 ready-built factories, thanks to a partnership between Saudi Arabia's MODON and Oman’s Osara Corp. This collaboration will establish an industrial park over 45,000 sq. meters in Jeddah’s Second Industrial City. This initiative aligns with MODON’s objectives to boost foreign direct investment and support the Kingdom’s Vision 2030. Saudi...

500 Global, a venture capital firm, and Sanabil Investments, owned by the Public Investment Fund, have launched the eighth batch of the Sanabil Accelerator. This initiative focuses on fostering innovation in various sectors such as AgTech, Health Tech, and Fintech, selecting nine promising startups from over 430 applications across the MENA region. The accelerator program supports pre-seed and seed-stage startups...

SABIC, a leader in the chemical industry, has partnered with iyris (formerly RedSea) and Napco National to develop a durable greenhouse roofing solution. This innovation uses certified circular polyethylene from SABIC's TRUCIRCLE portfolio and is part of Saudi Arabia's National Food Production Initiative, aimed at enhancing agricultural sustainability and regional food security. The collaboration involves using SABIC's linear low-density polyethylene...

Mayar Holding Company, based in Saudi Arabia, has revealed that its subsidiary, Gulf Elevators & Escalators Company, is partnering with China's Shenyang Yuanda Intellectual Industry Group. This collaboration aims to establish a new factory for producing elevator and escalator products in Saudi Arabia. Shenyang Yuanda, a leading Chinese firm in the elevator and escalator sector since 2001, will assist Gulf...

Lucid Motors, a Saudi-owned electric vehicle (EV) company, is gearing up for full production at its Jeddah facility, aiming to produce 150,000 cars annually within three years. This expansion plan was confirmed by Rockwell Automation, Lucid's robotics supplier. Initially, the production will serve local markets, but plans are in place to extend distribution across the Middle East and Asia. Ediz...

Saudi Arabia's Eastern Region Municipality has initiated a significant project to establish a fully integrated industrial city in Dammam, spanning 2.4 million square meters. This development aims to boost the region's economy and industrial production. The new city will host various light industries and manufacturing facilities, along with worker accommodations and essential support services. The initiative is part of a...

The databook serves as an essential resource for understanding the Industry 4.0 market, providing key statistics on revenue, annual growth, and global trends. It offers detailed competitive and opportunity analyses, aiding companies and investors in strategic planning. In 2023, hardware emerged as the leading segment, capturing a 50.88% revenue share. Horizon Databook categorizes the Saudi Arabia Industry 4.0 market into...

Saudi Arabia's Gulf Elevators and Escalators Company Limited has partnered with China's Shenyang Yuanda Intellectual Industry Group to locally manufacture and enhance elevators and escalators. This agreement aims to modernize production lines and expand capabilities. According to a statement from Mayar Holding, Gulf Elevators will produce BLT elevators and escalators with improved speed, capacity, and diversity at its Saudi factory....

The United Nations Industrial Development Organization (UNIDO) hosted the second Multilateral Industrial Policy Forum (MIPF 2024) in Riyadh, Saudi Arabia, focusing on AI, digitalization, and automation in manufacturing. The event also addressed the global energy transition and the creation of sustainable and resilient supply chains to enhance local value and job opportunities. UNIDO Director General Gerd Müller emphasized that the...