Industry

KAOUN International, in collaboration with MODON, has announced the debut of a landmark industrial summit, the World Advanced Manufacturing & Logistics Summit & Expo (WAM), scheduled for November 11-12, 2024 at the Fairmont Riyadh. The WAM Summit aims to unite Saudi Arabia's key influencers shaping the nation's Industry 4.0 revolution with thought leaders from various key manufacturing sectors. The event...

Saudi Arabia has sustained its momentum in the industrial sector by issuing over 300 industrial licenses in the first quarter of 2024, mirroring the figures from the previous year, as per the latest government data.An official announcement from the Kingdom's Ministry of Industry and Mineral Resources highlighted that a total of 324 industrial permits were granted between January and March,...

A landmark opportunity has arisen for manufacturers worldwide to immerse themselves in Saudi Arabia's rapidly expanding industrial realm, promising engagement with one of the globe's most swiftly evolving manufacturing and logistics epicenters.Announced by KAOUN International and their Strategic Partner MODON, the World Advanced Manufacturing & Logistics Summit & Expo (WAM) is slated to premiere at the Fairmont Riyadh from November...

An expanded partnership in the aerospace sector is on the horizon as Saudi Arabia contemplates the local production or assembly of Embraer airliners, a result of a recent memorandum of understanding (MOU) signed in Riyadh. The National Industrial Development Center (NIDC), the AHQ Group—an industrial conglomerate in the country—and the Brazilian aerospace company Embraer have all expressed their intent to...

The Kingdom of Saudi Arabia is engrossed in the development of its helicopter manufacturing capabilities, aligning with its ambitious Vision 2030 industrialization plan.A host of global entities have signaled their willingness to align with Saudi Arabia in this venture.It is anticipated that the Saudi Arabian Military Industries (SAMI) will be at the forefront of this initiative.Insights into several key dimensions...

SEDCO Capital, a leading asset management and investment advisory firm focused on Shariah-compliant and environmentally and socially conscious investing, has proudly announced the initiation of its public offering for the SC Multi Asset Fund. This closed-end investment fund, with aspirations to gather between SAR 300 million and SAR 1 billion, is slated for listing on the Saudi Exchange's primary market.The...

Larsen & Toubro has announced that its wholly-owned subsidiary, L&T Valves Ltd, has inaugurated a new manufacturing facility in Saudi Arabia. The establishment is strategically situated near Al Jubail, along the Dammam-Abu Hadriyah Highway.As a major provider of on-off valves to the Saudi market, L&T Valves aims to boost its local production capacity with this initiative. The move is designed...

Saudi Venture Capital (SVC) has committed to a substantial $30 million infusion into a private equity fund operated by the esteemed American investment entity, General Atlantic. With a legacy beginning in 1980, General Atlantic has solidified its reputation as a foremost investor in growth equity, boasting a portfolio of $84 billion in managed assets. The investment fund will channel funds...

Saudi Venture Capital (SVC) has announced a significant financial commitment, injecting $30 million into a private equity fund overseen by the renowned growth equity firm General Atlantic. This strategic move is designed to bolster high-potential, technology-driven enterprises across a variety of key sectors.The targeted sectors for investment include Consumer, Financial Services, Healthcare, Life Sciences, and Technology. This capital allocation is...

Riyadh, Saudi Arabia: The investment arm, Saudi Venture Capital (SVC), has recently declared a substantial $30 million allocation to a private equity fund under the stewardship of General Atlantic, a prominent entity in the arena of growth equity investment. With a history spanning over 40 years, General Atlantic is recognized for pioneering the growth equity sector, with a portfolio of...