The new facility will strengthen Saudi Arabia’s position as a regional leader in advanced lighting production, reducing the Kingdom’s dependence on imports
manufacturing industry
Latest in manufacturing industry
Abu Dhabi
Pakistan’s Bisconni to build $30mn biscuit factory in Abu Dhabi’s KEZAD under 50-year lease
Bisconni is a subsidiary of Ismail Industries, the largest manufacturer of confectionery, biscuits, and snack foods in Pakistan
commercial real estate
Revealed: Demand for industrial real estate hitting sky high in Dubai amidst influx of companies seeking entry, expansion
The demand surge is driving up real estate prices and commercial rents, threatening to push up capital and operational costs for setting up industries and operating manufacturing facilities in the emirate
India
India’s Maharashtra approves $10bn semiconductor fabrication unit to boost chip production
The project is to be developed in two phases, with the first phase generating a capacity of producing 40,000 wafers per month
LED lighting
Versatile International establishes new lighting venture in Saudi Arabia
The company said Asheil will serve destination-scale projects, including the Saudi giga-projects, and the local wholesale market
inflation
US manufacturing PMI dips to 48.5 in June, inflation may ease as input prices fall
The Institute of Supply Management’s manufacturing PMI slipped to 48.5 last month from 48.7 in May
food industry
Universal Islamic Food Industries invests AED150mn in Ras Al Khaimah
The facility will produce an additional 3,000 tons of processed food monthly
Dubai
India’s Himalaya Wellness to open $54.4mn herbal pharmaceutical factory in Dubai
The Dubai plant will have an annual production capacity of 3 billion tablets, 15 million syrup bottles, and three million units of ointment, with plans to serve global volumes until 2030
automobile industry
US manufacturing output rises more than expected in September
Economists polled by Reuters had forecast factory output would tick up 0.1 percent
Dairy products
Nutridor launches new dairy production facility in Dubai with AED75m investment
The new Abevia factory at Dubai Industrial City will create over 200 new direct and indirect jobs, underscoring the company’s commitment to nurturing Emirati talent
Abu Dhabi Department of Economic Development
ADNOC announces $2.7bn local manufacturing deals
ADNOC working towards target to manufacture $19bn of products by 2027
Abu Dhabi
Abu Dhabi announces 100 investment opportunities worth $33.5bn
The new initiative under the ‘Abu Dhabi Channel Partners’ is to enhance the emirate’s industrial ecosystem
China
China’s economic recovery remains slow as April factory data underwhelms
China’s economy is emerging from three years of pandemic lockdowns, but the recovery has been uneven
Ducab
Ducab sees revenue leap 19% despite global headwinds
Ducab revenue passed $1.8bn in 2022, despite lingering challenges of pandemic and international supply concerns
Emerging World
Emerging World to set up new manufacturing unit in KEZAD
The AED110 million Emerging World manufacturing facility, to be developed in multiple phases, will spread across 42,000 square meters
GaStat
Strong manufacturing growth pushes Saudi industrial production index up by 8.6% in Nov 2022
Mining and quarrying sectors grew by 5.7 percent in the month
automobile industry
South Korean car maker Hyundai to set up manufacturing facility in Saudi Arabia
The proposed facility using the CKD route will be for production of electric cars and internal combustion engine cars