Saudi Arabia’s Alat has acquired a 15% stake in TK Elevator and launched a €160 million ($166.62 million) joint venture to manufacture elevators and escalators locally. The JV will be headquartered in Saudi Arabia, supporting the kingdom’s vision to become a global leader in electronics and advanced industries.
Sonatrach CEO Rachid Hachichi reaffirmed the company’s commitment to Algeria’s industrial transformation by modernizing its fertilizer and chemical sector to boost food security. He also inspected the Koudiet Eddraouche desalination plant, marking a significant step in the country’s water security program, which aims to meet 60% of drinking water needs by 2030.
DEWA’s R&D Centre has developed a smart app using IoT technology to automate the selection and dispatch of field crews for alarm management and troubleshooting. The solution enhances fault response efficiency, reduces response times, and provides real-time reporting to ensure quick restoration of services.
Oxagon, the industrial hub of NEOM, has made significant strides in 2024, combining sustainability, innovation, and advanced technology to set new benchmarks in logistics and manufacturing. Its efforts, including renewable energy integration and cutting-edge AI, are in line with Saudi Arabia’s Vision 2030, aiming for eco-friendly, efficient industrial development.
Dareesoft has successfully completed a proof of concept (PoC) for its AI-powered RiaaS, which detects road hazards in real-time. Following this success, the company plans to expand its services to the Middle East, starting with the UAE. RiaaS aims to enhance road safety and improve hazard management across sectors.
Egypt will soon launch a new initiative to combat mobile phone smuggling, allowing individuals to register their personal phones without incurring customs duties. Phones entering without registration will be required to pay customs fees, or they will be deactivated after 90 days. This aims to protect the public treasury.
Mobile phone manufacturers in Pakistan are calling for a localisation policy, price reduction, and control of cellphone smuggling to boost the local industry. With 36 assembly units meeting 95% of market demand, they emphasize the importance of duty adjustments on raw materials and finished products to enhance local manufacturing and exports.
Techcronus has expanded its operations in Oman through a strategic partnership with a leading IT services company in Muscat. This collaboration aims to provide advanced IT solutions, including Microsoft Dynamics 365, cloud services, and AI, to businesses in Oman, supporting digital transformation and technological advancements in the region.
Alimak Group has partnered with Skyline Robotics in a five-year exclusive agreement to develop automated Building Maintenance Units (BMUs) for facade access. The project combines Alimak’s expertise in vertical access solutions with Skyline’s robotics technology, focusing on automated window cleaning and facade maintenance for the real estate industry.
Pakistan’s local mobile manufacturing now meets 94% of the country’s demand, with significant contributions from Chinese brands. The sector has seen record growth, with over 29 million devices locally manufactured in FY2023-24, creating 60,000 jobs. This growth is driven by government support, regulatory initiatives, and increased mobile internet usage.
