Honeywell will open an advanced regional manufacturing centre at the King Salman Energy Park (SPARK) — Saudi Arabia’s new energy industrial zone. The new facility will become Honeywell’s eighth site in Saudi Arabia, reflecting the company’s strategic growth objectives in the Kingdom and its support for Aramco’s In-Kingdom Total Value Add (IKTVA) program to advance local capabilities in research, development and manufacturing of cutting-edge technology. The facility will include engineering, manufacturing and assembly lines spanning Honeywell’s industrial automation and control equipment, field instruments, rugged mobile computers, gas detection equipment, fire safety systems and building management systems hardware. Additional capacity for…
Author: Vibha Mehta
The Middle East’s largest and most established leisure marine and lifestyle marine event, the Dubai International Boat Show 2023, recently concluded after attracting over 30,000 visitors and industry players from across the globe to the Dubai Harbour for five days of demonstrations, displays, seminars, launches and workshops. The global boat-building market is expected to reach over $47 billion in 2027, at a CAGR of 7.5%, and the increasing demand for recreational boats in the Middle East and North Africa (MENA) region is a significant factor driving growth. Brands in Dubai are responding with their latest…
Saudia Dairy and Foodstuff Company (SADAFCO), a significant food manufacturer, and distributor all across the Middle East, was founded in 1976. Its leading brand ‘SAUDIA’ dominates Long Life Milk, Tomato Paste, and Ice Cream markets in Saudi Arabia. With SADAFCO as a market leader, it is critical to recognise that the success behind its remarkable performance is not just the company’s quality and branding but also its excellent logistics and supply chain operations. Dairy goods are sensitive products which require an agile supply chain facilitator through the entire value-chain, from product manufacture through fresh delivery to retailers and the end-customer.…
DP World has started developing a new edible oil terminal at the Port of Berbera in Somaliland, which will reduce supply chain costs and create vital local jobs. It has already agreed to a long-term lease for the facility. The edible oil terminal will be the latest addition to Berbera’s growing trade ecosystem, following the recent opening of the Berbera Economic Zone (BEZ), 15 km from the port along the Berbera to Wajaale road (Berbera Corridor) that connects to Addis Ababa in Ethiopia. DP World plans to transform Berbera, which sits alongside one of the world’s busiest sea routes, into…
Heralding the start of Ramadan, Al Masaood Automobiles has announced a unique campaign for car buyers in Abu Dhabi, Al Ain, and the Western Region. The campaign features attractive offers, value-added sales and aftersales support services to customers who plan to purchase selected models from global automotive brands Nissan, INFINITI and Renault, besides certified pre-owned Nissan vehicles. Aimed at enhancing the overall customer experience, the campaign also reflects Al Masaood Automobiles’ commitment to delivering quality service that meets the diverse needs of its customers. Customers visiting the showroom will be able to tailor their offers from various benefits available in…
EZDubai, the fully dedicated e-commerce zone in Dubai South, launched the third edition of its ‘E-commerce Report in the MENA region’ in collaboration with Euromonitor International, the world’s leading global business intelligence provider, market analysis and consumer insights. The report revealed that the MENA region’s total e-commerce market reached US$37 billion in 2022, with a double-digit growth rate from 2021 and a 32% CAGR over 2018 – 2022. The MENA’s double-digit growth is due to robust internet usage, a well-developed infrastructure, and supportive policies. Several trends also contributed, including the increasing popularity of digital payment platforms, the rise of online…
The Dubai Free Zones Council (DFZC) meeting, headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Council, explored the Dubai Economic Agenda (D33), which aims to position Dubai among the top three global cities and double the size of its economy in the next decade. The Council affirmed its commitment to achieving the goals of D33 through several initiatives and discussed its plan of action in light of the UAE’s preparations to host the Conference of the Parties to the UN Framework Convention on Climate Change (COP 28) in Dubai Expo City. This was in addition to…
VPorts, the global leader in the design, construction, and operation of Advanced Air Mobility (AAM) infrastructure, has announced an initial set of agreements with crucial AAM players as part of its development plan to build and operate the AAM World Integrator World Centre in Dubai. Electra.aero, Falcon Aviation and SkyDrive have joined the centre to be part of VPorts’ strategy to develop the Gulf Cooperation Council (GCC) market and deploy its expertise and innovation in the region. “With these milestone agreements, Dubai has demonstrated its leadership in the advanced air mobility sector,” said Dr Fethi Chebil, CEO and Founder…
FinaMaze is the MENA’s Hybrid hybrid human/robot digital wealth manager in the MENA. It is dedicated to addressing persistent issues facing the investment sector in the area and beyond. FinaMaze links machine learning with human behavioural science to offer individualised investing solutions by combining sophisticated AI with Data Scientists, Quantitative Finance, and Software Engineers. The central concept behind FinaMaze is ‘AI at the service of Humans,’ with a strict code of ethics, transparency, and a dedication to realistic investing situations and results. They also have an extended Investment Management License and are regulated by ADGM’s Financial Services Regulatory Authority (FSRA).…
Just incase you have missed it, we bring forward the video highlights for the LNME Forum 2023, held on March 20, 2023, at Sofitel The Palm. This forum had four panel discussions, including Transformation with Adaptation of Automation, Disruption in Aviation Industry, Logistics and Supply Chain in F&B, and Mile Delivery. Speakers: David Dronfield | Majda Rochdi | Alain Kaddoum | Andrei Diminescu | Rajesh Menon | Robin Vermaat | Tarek ALMUHANNA | Marwan KHALIFE | Sooraj Mathew | Shailen Shukla | Juan S. Garza | Bassant Zein Al-Din. Moderators: Marwa Kaabour | Vibha Mehta | Seymone Leigh Moodley |…