Oman’s Public Establishment for Industrial Estates (Madayn) has signed an investment contract with Desert Sand Mobile Trading to establish a manufacturing unit for liquefied and compressed gases in Al Mudhaibi Industrial City. The project, covering 16,000 square meters, will begin construction early next year with a budget of RO2 million.
Beyon Solutions is nearing the acquisition of a controlling stake in Link Development, a regional software solutions provider. Announced at the Gateway Gulf Investor Forum 2024, the deal awaits final administrative conditions. This acquisition aims to enhance Beyon’s digital transformation capabilities across Egypt, Saudi Arabia, and the UAE.
Aluminium Bahrain (Alba) has partnered with Array Innovation to enhance its Industry 4.0 digital transformation through advanced AI, data analytics, and automation solutions. This collaboration aims to optimize operations, improve efficiency, and contribute to Bahrain’s Economic Vision 2030 by fostering local talent and advancing technological excellence in the aluminium sector.
QatarEnergy has partnered with TotalEnergies to develop a 1.25GW solar project in Iraq’s Basra region. The project will feature two million bifacial solar panels and aims to supply green electricity to 350,000 homes. It is part of Iraq’s Gas Growth Integrated Project and is set for completion between 2025 and 2027.
Aluminium Bahrain (Alba) has announced a strategic partnership with Array Innovation to enhance its Industry 4.0 digitalization efforts. This collaboration will deploy advanced AI and data analytics solutions to optimize operations, improve efficiencies, and align with Bahrain Economic Vision 2030 by investing in local talent.
Emtelle has inaugurated a $50 million innovation and manufacturing facility in Abu Dhabi’s Kezad Area A. The 48,000 sq. m hub will produce passive telecommunication solutions, enhance telecom infrastructure, and support the UAE’s digital transformation goals while generating employment opportunities for skilled workers in the region.
Commerce Minister Piyush Goyal will visit Saudi Arabia on October 29-30 to discuss energy transition, digital transformation, and trade facilitation. His meetings aim to strengthen India-Saudi Arabia relations and explore opportunities in agriculture, energy, and technology. Goyal will also attend the Future Investment Initiative in Riyadh.
A delegation from Dubai Electricity and Water Authority (Dewa) visited Microsoft in Los Angeles to explore AI solutions aimed at enhancing productivity and advancing smart infrastructure. Led by CEO Saeed Mohammed Al Tayer, the discussions focused on Microsoft’s 365 Copilot and smart building technologies to support Dewa’s sustainability goals.
Deloitte has launched the Deloitte Innovation Hub in Cairo with a $30 million investment over three years, recognizing Egypt’s talent in technology fields. The hub aims to foster local talent and provide services in AI, data analysis, and cybersecurity, with plans to expand its workforce to 5,000.
Amr Talaat, Egypt’s Minister of Communications and Information Technology, inaugurated the Deloitte Innovation Hub in Cairo, with a $30 million investment. This hub aims to enhance the country’s digital services and support local talent, positioning Egypt as a competitive player in the global technology and outsourcing markets.
