Author: Jason Saundalkar

Gargash General Trading (GGT) has entered into a new partnership with TrackedMachines, the Italian manufacturer known for its cutting-edge vehicle recovery and handling systems. The move is said to strategically advance GGT’s machinery and mobility offerings, and was finalised during a signing ceremony on 11 December. TrackedMachines has built a strong international reputation for designing compact, reliable, and highly maneuverable tracked systems that operate efficiently even in the most challenging environments, said a statement from GGT. Their product line features specialised equipment such as TowTrack, engineered to recover vehicles from difficult locations including accident sites, off-road terrains, and confined spaces…

HEC 2026 will help strengthen national capabilities and accelerate the localisation of high-value manufacturing in the Kingdom

Manufacturer XCMG has expanded its operations in Saudi Arabia, with the launch of a new service centre in Dammam. The new site joins existing service centres in Riyadh, Jaddah and Tabuk. According to a report, the facility includes a new transit warehouse, component warehouse for ‘key projects’ and a training centre which will offer skills education. The new service location builds on the existing service network in Saudi Arabia, and aligns with the firm’s goal of boosting service efficiency across the region. XCMG notes that it has been involved in a series of recent projects across the Kingdom, including the…

Dubai’s Roads and Transport Authority (RTA) has awarded a $117.3mn project to construct direct entry/exit points for Dubai Harbour, in partnership with Shamal Holding. The project encompasses the construction of a two-lane bridge in each direction, spanning 1,500m and extending directly from Sheikh Zayed Road to Dubai Harbour. This work plays a fundamental role in expanding access/exit routes for Dubai Harbour, while significantly relieving volumes of traffic from existing routes, stated a report. Strategically located, Dubai Harbour is nestled between Bluewaters Island and Palm Jumeirah, adjacent to Dubai Marina. “The project provides a direct entry/exit for Dubai Harbour to ease…

Significant progress has been made on phase one of The Red Sea Destination according to developer Red Sea Global (RSG). Releasing a comprehensive update on construction progress, the firm said that this month marks six years since project was first announced by His Royal Highness the Saudi Crown Prince Mohammad bin Salman as an international tourist destination as part of the Kingdom’s 2030 Vision. Now, with The Red Sea’s first three hotels and phase one of the international airport on track to open later this year, its latest construction update reveals the remarkable progress achieved across the destination, including at…

An oil refinery with a daily production capacity of 10,000 barrels is to be set up in with Sharjah’s Hamriya Free Zone Authority (HFZA), following a new deal between Infinite Mining & Energy (IME) and the freezone. Saud Salim Al Mazrouei, Director of the HFZA, and Bilal Merchant, Managing Director of Infinite Mining & Energy FZE signed the agreement at HFZA headquarters, in the presence of senior officials from both sides. India-based IME said it will double its investment in the free zone and establish the plant with annual refining capability of up to 3.6m barrels, alongside a modern oil storage…

The new masterplan for the Palm Jebel Ali has been approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. As part of the Dubai 2040 Urban Master Plan, the Palm Jebel Ali is said to be one of a series of visionary projects being undertaken by master developer Nakheel. The Palm Jebel Ali will raise the global benchmark in waterfront living and offer an exceptional breadth of luxury lifestyle amenities for residents, families and visitors, supporting the objective of the Dubai Economic Agenda D33 to consolidate Dubai’s status as one of…

UAE-based RAK Properties has signed up Gulf Asia Contracting Company (GACC) as the main contractor for the development of Phase Two of its flagship community, Bay Residences. Located on Hayat Island, the beachfront development will include 324 apartments, ranging from studios to three-bedroom units, across two towers. The second phase of the community has already been sold out, said RAK Properties, highlighting a surge in demand for beachfront properties in the emirate, a statement from RAK Properties noted. GACC operates across the GCC with a number of fully-active projects in the region. The firm has previously been appointed as the…

Aramco and the Public Investment Fund (PIF) have joined forces with Baosteel, the world’s largest steel conglomerate, to establish an integrated steel plate manufacturing complex in the Kingdom. It is set to provide a production capacity of up to 1.5m tonnes per year. Subject to customary regulatory approvals and closing conditions, the joint venture (JV) complex will be built in Ras Al-Khair Industrial City, one of the four new special economic zones recently announced by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs.…

A collective fine of US $37.32mn has been imposed on 14 cement companies in the Kingdom by Saudi Arabia’s General Authority for Competition (GAC). The antitrust authority imposed a $2.66mn fine on each of the cement firms for manipulating cement prices for their own benefit, infringing Article 4 of the Competition Law. The law prohibits practices, agreements, or contracts among competing firms that lead to controlling the prices of goods and services intended for sale by increasing or decreasing them to harm the market, the authority explained. The authority said it received complaints that several companies in the cement sector had…