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Manufacturing news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Statevolt factory rendering

US battery manufacturer to build $3bn factory in Rakez

The American battery manufacturer Statevolt is to construct a $3 billion factory in Ras Al Khaimah.  Statevolt Emirates, as the venture will be known, will generate up to 2,500 jobs at its 60 hectare facility in Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (Rakez).  The manufacturing facility is “strategically focused on key […]

UAE president Sheikh Mohamed bin Zayed Al Nahyan. Abu Dhabi's overall economy showed 3% growth last year compared with 2022

Abu Dhabi’s non-oil growth spurred by manufacturing

Abu Dhabi’s non-oil sector expanded by more than 9 percent last year with manufacturing and construction leading the way, according to new figures. The Statistics Centre Abu Dhabi issued preliminary GDP estimates for 2023, revealing non-oil growth of 9.1 percent – slightly down from 9.2 percent in 2022 – as the emirate’s overall economy improved […]

The five-seater Alive 1 made by Omani company Mays can drive 510 kms on a single charge

Oman’s first electric car to make its debut this year

Omani electric vehicle (EV) maker Mays will debut its first model this year. The company will unveil the locally-developed ‘Alive 1’ by the end of the year, which will cost OMR15,000 ($38,964), according to a post on Instagram. The company’s website says the five-seater EV can drive 510 km on a single charge. The battery […]

Borouge 4 UAE Video length: 03:31

Borouge to treble production despite lacklustre demand

The UAE petrochemicals company Borouge is to treble annual production capacity at its $6 billion polyolefin complex, despite forecasts of an oversupply in the sector. Once completed next year, Borouge 4 will be the world’s largest single-site producer of polyolefins, plastics mainly obtained from oil and natural gas. Borouge’s CEO, Hazeem Al Suwaidi, told AGBI […]

McLaren, supercar, car, Wheel

Bahraini fund takes control of British carmaker McLaren

Bahrain’s state-backed sovereign wealth fund has taken full ownership of McLaren Group following the completion of the latter’s capital reorganisation plan. Mumtalakat Holding has become the sole shareholder in McLaren following the conversion of all preference shares into ordinary shares, the British carmaker said in a statement. “Mumtalakat’s continued commitment to McLaren through this deal […]

The Abu Dhabi Industrial Strategy was launched by Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan in June 2022

Abu Dhabi industrial sector attracts foreign investors

The Abu Dhabi Chamber of Commerce has said that the number of industrial licences issued by the emirate last year increased by 51 percent.  The total now stands at 363, excluding free zones. Statistics from Abu Dhabi Chamber also revealed that 46 foreign companies secured industrial licences in the emirate, with mining support services attracting […]

Eurasian Resources Group is testing its Nomad mining robot – based on Mars rover tech – in Saudi Arabia

Demand for Saudi mining licences rises sharply

Incentives and legislation are fuelling growth in Saudi Arabia’s mining industry as the government seeks to stimulate investment under Vision 2030. The Ministry of Industry and Mineral Resources said demand for Saudi mining licences had surged since a mining investment law came into force in 2021. The number of building material quarry licences jumped to […]

Bahrain musicians golden licence

Golden licences bring $2bn into Bahrain

A total of $2.4 billion in investment in nine major projects has flowed into Bahrain after the introduction of its golden licence initiative last year. The projects, which could generate 3,000 jobs, include the setting up of Bahrain Titanium by Interlink Metals & Chemicals of Switzerland and the urban waterfront development Bahrain Marina. “Bahrain has […]

The proposed initiative for an industrial zone on the Mediterranean coast aims to position Egypt as a manufacturing and export hub for Chinese products

Egypt and China in talks to set up industrial zone

Egyptian and Chinese officials have engaged in further discussions about setting up a Chinese industrial zone along the Mediterranean Sea, according to a local news report. Egypt’s Minister of Trade and Industry, Ahmed Samir, and Zhang Tao, the acting Chinese Ambassador to Cairo, discussed the progress made since last month’s meeting with Samir’s Chinese counterpart, […]

Person, Transportation, Truck

Ceer starts work on $1.3bn EV manufacturing complex

Ceer, Saudi Arabia’s first electric vehicle brand, has awarded a SAR5 billion ($1.3 billion) contract to construct a manufacturing complex in King Abdullah Economic City. Local contractor Modern Building Leaders will build a facility spanning over one million sq m, with 530,000 sq m under its roof. The complex will include dedicated zones for every […]

The assembly line at a Stellantis plant in Italy. The company has factories in Algeria, Morocco and Egypt

Stellantis hails Middle East and Africa sales surge

Multinational car maker Stellantis has announced that its 2023 Middle East and Africa revenues grew by 64 percent year on year to more than $11.5 billion. Stellantis is one of the world’s biggest automakers – its brands include Alfa Romeo, Chrysler, Citroën, Peugeot and Vauxhall. It said shipments to the region totalled 616,100, up 43 […]

Male factory worker inspecting quality rolls of galvanized or metal sheet in in aluminum material warehouse. Male worker working in warehouse of raw materials during manufacturing process in plant

Emirates Global Aluminium profit falls with metal prices

Emirates Global Aluminium (EGA), the UAE’s largest non-oil industrial company and one of the world’s largest aluminium producers, reported a decline in net profit last year, despite posting record production volumes of alumina, cast and hot metal for 2023. Net profit fell 54 percent year on year to AED3.4 billion ($937 million), against a backdrop […]

AlUla Old Town. The heritage site is one of Saudi Arabia's flagship tourism projects

Volatility of crude markets masks Saudi non-oil momentum

Volatility in global oil markets, which led to Saudi Arabia’s GDP shrinking last year, is masking the strength of the kingdom’s non-oil economy, analysts have said.  Its non-oil revenue is forecast to rise by more than 5 percent in each of the next two years, according to Jadwa Investment. The 2023 contraction was driven by […]

Technicians working for Otokar, a maker of heavy commercial and military vehicles, on the production line at a factory in Sakarya, Turkey

Turkish manufacturers buoyed by rise in PMI

Turkish producers are cautiously optimistic after the Turkey Production Managers Index (PMI), which measures the outlook of the country’s manufacturing sector, returned to positive territory in February. According to the latest report issued by the Istanbul Chamber of Commerce and Standard and Poor’s, this is the first increase after seven straight months of contraction.  The […]

EGA chief digital officer Carlo K Nizam and CEO Abdulnasser Bin Kalban at the groundbreaking ceremony

EGA’s industrial data centres go green

Emirates Global Aluminium (EGA), the UAE’s largest non-oil industrial company and one of the world’s largest aluminium producers, has broken ground on the first industrial data centres in the emirates to be totally powered by renewable energy. The two data centres in Jebel Ali and Al Taweelah will be developed in collaboration with Scientechnic, a […]

MIITE SME UAE Make It In The Emirates

Make it in the Emirates ‘needs more SMEs’

More than AED120 billion ($33 billion) has been invested by UAE-based companies to develop hundreds of new product lines under the country’s “Make it in the Emirates” (MIITE) campaign. As the Ministry of Industry and Advanced Technology prepares to host its third forum on local manufacturing, latest statistics show that the number of MIITE products […]

A worker on a construction site in Riyadh. Foreign companies with offices in Saudi Arabia have adapted to supply chain disruptions

Localisation shields Saudi builders from Red Sea crisis

Houthi attacks in the Red Sea may have been disrupting the construction supply chain into Saudi Arabia but companies, in particular larger ones, are adapting to the challenge.  Since November, the Yemeni militia has launched dozens of attacks on commercial vessels on their way to or from the Suez Canal, forcing many global shippers to […]

Aramco's 40 agreements cover the supply of a range of products comprising strategic commodities

Aramco invests $6bn to bolster local supply chain

Saudi Aramco, the world’s largest oil producer, has signed 40 corporate procurement agreements worth $6 billion to boost its localisation programme. The agreements cover supply of a range of products comprising strategic commodities, such as instrumentation and electrical and drilling equipment. The move will strengthen Aramco’s domestic supply chain ecosystem, providing suppliers with long-term demand […]

Sabic said better conditions in its agriculture and automotive businesses are supporting its margins

Sabic reports loss of $747m as product prices tumble

Petrochemicals major Saudi Basic Industries Corporation (Sabic) reported a net loss of SAR2.8 billion ($747 million) in 2023, as average product sales fell by a fifth. The losses were also driven by the discontinuation of operations at Hadeed, its steel manufacturing subsidiary, which resulted in a loss of around SAR4 billion. In September 2023, Sabic […]

Workers at a uranium mine in Kazakhstan, which produces 43 percent of the world's total

Uranium prices rise with demand for nuclear power

Barakah in the UAE, Dabaa in Egypt, Bushehr in Iran and Akkuyu in Turkey. Nuclear energy is now seen by many countries as central to emissions reduction. It is little surprise then that demand for feedstock – mainly uranium – has been spiking. Prices for the mineral, which is critical to the production of nuclear power […]

ArcelorMittal cuts stake in Turkey’s largest steel maker

Global steelmaker ArcelorMittal SA has lowered its stake in Turkey’s largest steel producer, Erdemir, to two percent, Bloomberg reported, citing people with knowledge of the matter. The Luxembourg-headquartered company executed a sale of about half of the shares held in Eregli Demir ve Celik Fabrikalari TAS, commonly known as Erdemir — through two local brokerages. […]