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Saab launches Coast Control Radar

By
شمس سيف
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Saab launches Coast Control Radar
Saab launches Coast Control Radar

Saab will reveal the new Coast Control Radar at the upcoming International Defence Exhibition and Conference (IDEX) in the United Arab Emirates (UAE). It is a next generation, phased-array, non-rotating, software defined radar developed in the UAE

The safeguarding of territorial waterways and maritime traffic is increasingly important to the safety and security of both the vessels, national sovereignty and the wider global economy. Saab’s Coast Control Radar contributes to those objectives with a compact, modular design that ensures exceptional performance, including the tracking of smaller vessels in the most demanding coastal environments.

Designed for easy integration into infrastructure such as buildings, towers, and waterway bridges, the Coast Control Radar ensures flexible installation and can offer comprehensive 360-degree coverage. Its modular design minimises installation challenges while also offering routine software upgrades for continued exceptional detection and performance.

“As a world leader in radars, we’re pleased to announce the launch of our Coast Control Radar. As a solution developed by Saab in the UAE, we chose to launch the radar in the Middle East where the safe and reliable transit of maritime waterways is of great importance. The Coast Control Radar can provide nations of similar need with a highly effective means of monitoring these key economic lifelines while contributing to the safety and security of those who sail them,” said Heléne Bittmann, Saab’s UAE managing director.

Some key features of the Coast Control Radar include:

§  Built on superior military antenna/radar technology for dual-use applications;    

§  Non-rotating phased-array design with a compact footprint and modular configuration which allow for up to 360-degree coverage;

§  Advanced detection capabilities for small and fast-moving objects at extended ranges even in harsh environments;

§  Cost-efficient lifecycle with reduced maintenance and high availability

§  Software based for continuous upgrades and a high level of automation software.

Developed at Saab’s research and development facility located in Tawazun Industrial Park in Abu Dhabi, the Coast Control Radar underscores the company’s long-standing commitment to investing in the UAE’s defence and security ecosystem.

Visit Saab at ADNEC’s stand 07/B41 to learn more.

Narrative PR Summit 2025 has just unveiled its speaker lineup and introduced the inaugural Storytellers Award

By
Sahfy Sahfy
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Narrative PR Summit 2025 has just unveiled its speaker lineup and introduced the inaugural Storytellers Award
Narrative PR Summit 2025 has just unveiled its speaker lineup and introduced the inaugural Storytellers Award

The Narrative PR Summit 2025 returns from April 7th–9th in Soma Bay, Red Sea, bringing together government leaders, industry experts, and creative pioneers to explore Egypt’s potential in tourism, investment, and sports. Held under the patronage of key ministries, this premier nation-branding event will feature distinguished speakers, including Sir Mohamed Mansour, Dr. Khaled El Enany, Rawya Mansour, Azza Fahmy, Youssra, and more.

A key highlight this year is the launch of the Storytellers Award, recognizing emerging digital creators who capture Egypt’s evolving identity through film, photography, and multimedia storytelling. The award aims to celebrate podcasters, influencers, and content creators who present a dynamic and modern image of Egypt.

Founded by Lamia Kamel in 2016, the Narrative Summit has been at the forefront of nation branding, merging Egypt’s rich heritage with a forward-thinking vision. The 2025 edition seeks to position Egypt as a global destination and investment hub, fostering innovation and international collaboration.

Inaugural SFA International Sporting Events concludes, with more than 35,000 SFA Expo visitors and over 40,000 Riyadh Marathon participants

By
شمس سيف
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Inaugural SFA International Sporting Events concludes, with more than 35,000 SFA Expo visitors and over 40,000 Riyadh Marathon participants
Inaugural SFA International Sporting Events concludes, with more than 35,000 SFA Expo visitors and over 40,000 Riyadh Marathon participants

 The Saudi Sports for All Federation (SFA) is celebrating record visitor and participant numbers at the inaugural 2025 SFA International Sporting Events, which combined the SFA Expo and the Riyadh Marathon for the first time.

The SFA Expo ran from February 5-7, 2025, held in the JAX District, with the Riyadh Marathon taking place on Saturday, February 8, 2025.

The SFA Expo attracted 35,359 visitors, offering interactive sports zones, fitness classes, health-focused exhibits, and the official bib collection point for the Riyadh Marathon participants. It served as a premier platform for industry professionals, sports enthusiasts, and businesses in the sports, wellness, and fitness industries.

One of the highlights was the Primal Race, a high-intensity functional fitness competition held on Friday, February 7, testing endurance, strength, and agility. Other attractions included panel discussions on sports innovation, AI, and well-being, interactive workout sessions, and a B2B lounge for industry networking.

The 2025 Riyadh Marathon, held on Saturday, February 8, was also a resounding success. An incredible 40,494 participants from 131 countries, including Saudi Arabia, Morocco, Ethiopia, and Kenya, took part, marking a significant increase from the 20,000 runners in 2024. Organized by the Saudi Sports for All Federation (SFA) in collaboration with the Ministry of Sport, the Saudi Arabian Olympic & Paralympic Committee, the Saudi Arabian Athletic Federation, and Amanat AlRiyadh, the event welcomed participants of all ages and abilities, with US$210,000 in cash prizes for elite runners finishing top 10 in the marathon (42km) and top six in the half marathon (21km).

Four races took place in total, with the 10km and family-focused 4km also happening on the day. Runners in each followed a scenic and challenging route across Riyadh before finishing at Kingdom Arena. Among the participants, nearly 67% were Saudi nationals, underscoring the Kingdom’s growing enthusiasm for long-distance running. Additionally, the percentage of female participants is equal to 40% of the total entries.

First-place male and female winners in the elite marathon categories received US$30,000 each, with second and third-place winners earning US$20,000 and US$10,000, respectively. The first-place elite male marathon runner was Kenya’s Kemboi Emmanuel Kipchumba, recording a time of 2 hours 8 minutes, followed by Ethiopia’s Tilahun Abe Gashahun and Muniye Abebaw Dessie. The top elite female was Ethiopia’s Kebede Nestanet Gudeta, with a time of 2 hours 27 minutes, followed by Assefa Asmare Beyene and Amente Sorome Negash, also from Ethiopia.

For the half-marathon, the men’s and women’s winners each received US$5,000, with second and third-place winners taking home US$2,500 and US$2,000, respectively. The first-place elite male finisher was Ethiopia’s Batebo Bereke Nega, with a time of 1 hour 2 minutes, while Kenya’s Melly Vivian Jepkemei was the top elite female, finishing in 1 hour 11 minutes.

HRH Prince Khaled bin Alwaleed bin Talal Al Saud, President of the SFA, said: “The incredible number of attendees for the SFA’s international sporting events, and the significant increase of participation in the Riyadh Marathon, is a testament to the growing culture of health and fitness in Saudi Arabia. This event has not only showcased the Kingdom’s athletic talent but also its commitment to promoting wellness as a national priority.”

Shaima Saleh Al-Husseini, Managing Director of the SFA, said: “The success of this year’s combined events as part of the International Sporting Events highlights the SFA’s dedication to fostering an inclusive and active society. The increased participation in the Riyadh Marathon, particularly among Saudi nationals, and the overwhelming support from our sponsors reflect the positive impact of our initiatives under Vision 2030.”

Among the sponsors and supporters was Saudi Awwal Bank (SAB), serving as the presenting partner of the Riyadh Marathon, with strategic partners ASICS and Tawuniya for both the SFA Expo and marathon, Gatorade and Aquafina are providing refreshments for both the Expo attendees and marathon runners. Dr. Sulaiman Al Habib Medical Services Group Company (HMG) offered medical support at the SFA Expo.

For the Riyadh Marathon, partners also included Ford, who provided support cars, with KAFD offering pre-event activations, and MDL bringing DJs to help build the energy. Calo, JP Morgan, and Centrum also gave their support, with Joe & the Juice even creating a Riyadh Marathon drink as supporting partner, with branded staff merchandise. Kudu joined as an official partner to promote the Riyadh Marathon across its 300 branches, and BAE Systems was also an official partner.

Other sponsors and supporting partners for both events included Kayanee, while official partners Huawei provided awards. ASICS outfitted race participants, and JAX District served as venue partner for the SFA Expo. SPIMACO was an official partner for both events, with Delta Sports supporting the SFA Expo specifically.

The SFA looks forward to building on this success in future editions, continuing to inspire the Kingdom’s residents and visitors to lead healthier, more active lives.

AI will dominate Saudi Arabia’s smart city ambitions, says FM technology expert

By
Sahfy Sahfy
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AI will dominate Saudi Arabia’s smart city ambitions, says FM technology expert
AI will dominate Saudi Arabia’s smart city ambitions, says FM technology expert

 With Saudi Arabia’s iconic and innovative giga projects becoming a reality, the kingdom’s real estate landscape is expanding at a phenomenal pace, creating an issue for building managers and an unrivalled opportunity for progressive and technically astute FM companies and professionals. 

Employing advanced technology to operate these futuristic structures will be absolutely essential and as a consequence, facility managers will need to be conversant with how these hi-tech buildings function, in order to optimise efficiency, sustainability and safety.  

In that respect, AI can no longer be considered a far-fetched dream but a necessity to manage expectations and facilitate excellence for these smart projects and indeed the impending rollout of Saudi’s smart cities.

“AI is revolutionising building maintenance by optimising operations, reducing costs, and enhancing the safety and comfort of tenants. With the integration of IoT, machine learning, predictive analytics, and automation, AI can offer a wide range of benefits, that improve the efficiency and effectiveness of building management systems,” said Javeria Aijaz, Managing Director of Middle East-based HITEK, part of the Farnek group of companies.

Her top five tech trends for the Saudi Arabian FM market in 2025, include AI-driven predictive maintenance and operations, the increased demand for smart and green buildings, the rise of digitalisation and smart HSEQ management, the need for connected workforces with IoT and digital tools, as well as the requirement for smart AI-driven sustainability reporting. 

AI-powered systems analyse real-time data from IoT sensors or Building Management Systems (BMS) to predict equipment failures and optimise operations. AI can integrate with building automation systems to control lighting, HVAC, security, and other essential services based on real-time data from sensors, weather forecasts, and occupancy patterns.

“Adopting AI minimises downtime, extends asset life, and reduces operational costs. AI-integrated systems can monitor HVAC systems to predict failures and schedule proactive maintenance. AI-powered sensors can detect drops in indoor air quality, triggering HVAC systems to increase ventilation and ensure that air quality is within a predetermined healthy range, which is particularly important in hospitals and office buildings,” said Aijaz.

Sustainability is integral to the Saudi Vision 2030. Smart technologies optimise energy usage, water consumption, and waste management to align not only with green building standards but also helps to achieve Net Zero targets.

“AI can help to reduce carbon footprints and promotes energy efficiency. Automated lighting and HVAC systems are routinely adjusting based on occupancy levels and real-time environmental conditions,” added Aijaz.

During the construction of Saudi’s giga projects, health and safety issues need AI-based digital tools to revolutionise HSEQ processes by automating compliance tracking, audits, and incident reporting. AI can analyse historical data (e.g., workplace accidents, employee health records, and environmental factors) to predict potential hazards before they occur. By identifying patterns and the associated risk factors, AI can help organisations take preventative action.

“This will enhance safety, environmental monitoring, and regulatory compliance. AI-powered dashboards can monitor workplace safety, environmental metrics, and real-time hazard alerts. AI systems can forecast when and where accidents are most likely to occur based on historical data, environmental conditions, and employee behaviour, enabling proactive measures such as safety training and or equipment inspection,” commented Aijaz.

IoT-enabled devices and digital platforms enhance workforce productivity and safety. Wearables and mobile apps ensure seamless task allocation and real-time communication. Wearable devices embedded with AI can monitor employees’ health and fatigue levels, plus environmental conditions all in real time. These devices can track physiological parameters such as heart rate, temperature, and stress levels to prevent accidents caused by worker fatigue or health issues.

“This increases efficiency, safety, and response times. Mobile workforce management apps can assign tasks dynamically based on location and skill. In high-risk industries like construction or mining, AI-powered wearables can detect signs of heatstroke, excessive fatigue, or abnormal vitals, and trigger alerts to supervisors or medics for immediate intervention,” said Aijaz.

AI-powered analytical tools track energy consumption, water usage, waste management, and carbon emissions in real-time, generating detailed sustainability reports.

“This helps FM companies meet green building standards, reduce their impact on the environment and comply with Saudi regulations. AI systems can provide practical insights to optimise energy consumption and achieve sustainability targets.

“With the rate of growth in smart buildings, added to the rapid advances in technology, it is blatantly clear that AI will revolutionise the Saudi FM market. It is no longer an option for FM professionals, they will need to embrace these trends quickly, otherwise they are going to be left behind,” concluded Aijaz.

With the global events market set to pass $2.5 trillion by 2035, IBTM@ATM offers a brand-new gateway to the business events sector

By
شمس سيف
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With the global events market set to pass $2.5 trillion by 2035, IBTM@ATM offers a brand-new gateway to the business events sector
With the global events market set to pass $2.5 trillion by 2035, IBTM@ATM offers a brand-new gateway to the business events sector
  • The IBTM@ATM Zone at Arabian Travel Market 2025 to address the sustained growth in the business events sector amid significant demand from visitors and exhibitors
  • Bringing together suppliers and buyers, this dedicated zone is designed to empower attendees to unlock strategic connections and data-driven insights
  • The Business Events Stage will host sessions on the future of business travel and events in the Middle East region, cementing ATM as a global hub for networking and collaboration

With the global events industry projected to register a compound annual growth rate (CAGR) of 6.8% during the period 2024-35, IBTM@ATM will provide a gateway to the lucrative business events sector throughout the 32nd edition of Arabian Travel Market (ATM), which will take place at Dubai World Trade Centre (DWTC) from 28 April to 1 May 2025.

IBTM@ATM has been created in response to stellar growth in the business events industry and significant demand among ATM visitors – more than 7,000 attendees, 1,500 buyers and 400 exhibitors expressed interest in this lucrative sector at last year’s show. Debuting at ATM 2025, this dedicated zone is designed to unlock strategic connections, impactful collaboration and data-driven insights.

In keeping with ATM 2025’s theme, ‘Global Travel: Developing Tomorrow’s Tourism Through Enhanced Connectivity’, IBTM@ATM will bring together suppliers and buyers through scheduled appointments and business exchange sessions. The brand-new Business Events Stage will host a broad range of sessions on the future of business travel, technological innovation, socioeconomic growth and more, cementing ATM’s position as a global hub for networking and collaboration.

Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “This year’s theme of enhanced connectivity is particularly relevant to the evolving business events sector, which thrives on strategic partnerships, knowledge exchange, and innovation. Through IBTM@ATM, we are strengthening our commitment to adding value to our exhibitors and attendees by creating a dynamic community where suppliers and buyers can engage in meaningful networking, business exchange sessions, and a high-impact content programme. By leveraging our unique insights, we aim to facilitate connections and unlock new opportunities that drive long-term growth within this thriving market segment.”

IBTM@ATM will bring together suppliers and buyers from across the business events sector, connecting meeting planners, association buyers, professional conference organisers, incentive buyers, destination management companies (DMCs), corporate event planners, event technology providers, travel agencies and tour operators with a diverse range of convention bureaus, unique venues and hotels, conference facilities, and airline and transport solution providers, amongst others. 

The new zone will also feature the brand-new Business Events Stage, which will host a comprehensive programme focused on the latest trends and developments in the business events field. This year’s sessions will include: How Global Events and Festivals Drive Socio-Economic Growth in partnership with the International Congress and Convention Association (ICCA); The State of the Nation: Navigating the Future of Business Travel in the Middle East in partnership with the Global Business Travel Association (GBTA); and Demystifying Technology in Events – The Human Connection vs AI in partnership with Multilem.

According to Allied Market Research, the global events industry looks set to register impressive growth over the coming decade, with the total market value on course to pass $2.5 trillion by 2035. Conferences, trade shows and exhibitions are indispensable for many businesses, offering a vital opportunity to increase their visibility and meet clients and partners face-to-face.

Research shows that corporate events, in particular, continue to support millions of jobs worldwide, delivering a staggering $1.6 trillion in global GDP annually. In Dubai alone, the meetings, incentives, conferences and exhibitions (MICE) segment grew by 25% in 2023, making ATM 2025 the ideal launchpad for IBTM@ATM.

Claudia Hall, Exhibition Director, IBTM World, said: “Dubai has firmly established itself as an international hub for business events, in line with the objectives of the Dubai Economic Agenda, and it’s a pleasure to be joining DWTC’s incredible line-up of industry-leading events through our collaboration with ATM. Together, I believe we can make a significant contribution to the sector by fostering further trade and innovation.”

IBTM@ATM will also welcome an exclusive group of senior-level events industry buyers, as part of its Hosted Buyer Programme, including 50 hosted and 10 association buyers, ensuring high-value meetings and strategic business connections.  

The introduction of IBTM@ATM also follows the recent announcement of the ICCA as the official Business Events Partner for ATM 2025. The ICCA will lead sessions on the evolving landscape of global business events at this year’s show, facilitate the attendance of key international association buyers, and launch an exclusive government meeting ranking report.

The 32nd edition of ATM will bring together professionals and industry leaders from the leisure, MICE, luxury and corporate travel sectors, providing a gateway to networking, knowledge sharing and unlocking business opportunities. In addition to the exhibition, international and regional experts will take to ATM’s Global and Future stages to deliver an extensive conference programme. 

Held in conjunction with DWTC, ATM 2025’s strategic partners include Dubai’s Department of Economy and Tourism (DET), Destination Partner; Emirates, Official Airline Partner; IHG Hotels & Resorts, Official Hotel Partner; and Al Rais Travel, Official DMC Partner.

The latest ATM news stories are available at https://hub.wtm.com/category/press/atm-press-releases/.

DP WORLD ADVANCES FIRST PHASE OF $80 MILLION SOKHNA LOGISTICS PARK

By
Sahfy Sahfy
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DP WORLD ADVANCES FIRST PHASE OF $80 MILLION SOKHNA LOGISTICS PARK
DP WORLD ADVANCES FIRST PHASE OF $80 MILLION SOKHNA LOGISTICS PARK

DP World has reached a major milestone in the development of the Sokhna Logistics Park, with 65% of the first phase now complete. The $80 million, state-of-the-art logistics hub, strategically located in the Suez Canal Economic Zone (SCZONE), is set to enhance Egypt’s logistics infrastructure and position the country as a key regional trade hub.

Spanning 300,000 square meters, the facility is designed to provide cost-effective, integrated supply chain solutions, leveraging DP World’s extensive global network. Scheduled for completion in June 2025, the park will drive efficiency, reduce logistics costs, and strengthen connectivity between Egypt, the Middle East, Africa, and beyond.

Situated just ten kilometres from Sokhna Port, the park offers direct access to Greater Cairo’s key markets and major industrial zones. Its strategic location will enable businesses to reduce operational costs and improve efficiency with streamlined cargo movements.

Built to the highest international standards, the park is designed to support a range of industries, such as agriculture, pharmaceuticals, retail, automotive and textiles. It will feature bonded and non-bonded warehouses, office space and open cargo and container yards, with logistics activities including warehousing, freight forwarding, customs clearing, and value-added services like labelling, coding, sorting, packing and inspection.

Ranjit Ray, Senior Vice President, Economic Zones, MENA region, DP World, says: “We are pleased with the progress made so far and remain focused on completing the first phase within the next few months. The facility will support a wide range of cargo across imports, exports, and transit, and will be integrated with DP World’s operations at Sokhna Port, offering a full range of multi-modal supply chain services, including freight forwarding and logistics solutions. Coupled with access to DP World’s global trade infrastructure network, this will provide cost-effective supply chain solutions for both local and international businesses”.

The new facility has already drawn interest from both local and international markets, including businesses already established in Jebel Ali Free Zone (JAFZA) in Dubai, who are looking to expand regionally.

Qatar and Türkiye Join regional Integrated Industrial Partnership for Sustainable Economic Development

By
Sahfy Sahfy
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Qatar and Türkiye Join regional Integrated Industrial Partnership for Sustainable Economic Development; over $2 billion worth of new industrial projects announced
Qatar and Türkiye Join regional Integrated Industrial Partnership for Sustainable Economic Development; over $2 billion worth of new industrial projects announced

The fifth meeting of the Higher Committee for Integrated Industrial Partnership for Sustainable Economic Development commenced on Sunday in Doha, the capital of Qatar. The meeting was attended by several key officials, including: His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology in the UAE; His Excellency Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Commerce and Industry in the State of Qatar; Eng. Yarub Falah Al Qudah, Minister of Industry, Trade and Supply in the Hashemite Kingdom of Jordan; Lieutenant General Engineer Kamel Al Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport in the Arab Republic of Egypt; His Excellency Abdulla bin Adel Fakhro, Minister of Industry and Commerce in the Kingdom of Bahrain; His Excellency Ryad Mezzour, Minister of Industry and Trade of the Kingdom of Morocco; and His Excellency Mehmet Fatih Kaçir, Minister of Industry and Technology of the Republic of Türkiye.

This meeting reflects the commitment of the member countries to enhance industrial cooperation and foster sustainable economic development in the region.

Qatar and Türkiye join the partnership

The meetings of the Higher Committee announced the accession of Qatar and Türkiye to the Integrated Industrial Partnership for Sustainable Economic Development, increasing the number of member states to seven within just three years of the partnership’s launch. This significant addition enhances the strategic development of the partnership, which originated in Abu Dhabi in 2022, and reflects the shared ambition of member countries to improve industrial integration, strengthen cooperation, and build a resilient, competitive, and sustainable economy.

The inclusion of Qatar and Türkiye marks a pivotal advancement in regional industrial integration. Their accession supports the partnership’s objectives for industrial growth and expansion, bringing new momentum due to Qatar’s abundant natural resources and technological advancements, as well as Türkiye’s robust industrial capabilities. Both countries are recognized for their strengths in various sectors, including manufacturing industries, renewable energy, textiles and ready-made garments, pharmaceutical industries, chemical fertilizers and phosphates, mining and minerals, and food industries.

The Integrated Industrial Partnership for Sustainable Economic Development is particularly significant considering rapid global developments. Member countries are focused on strengthening supply chains and achieving self-sufficiency in strategic and priority industries. The accession of Türkiye and Qatar underscores the partnership’s vital role in driving sustainable economic growth, innovation and competitiveness.

Qatar’s inclusion in the Integrated Industrial Partnership for Sustainable Economic Development represents a crucial step in promoting regional collaboration across key industries. The Qatari economy exemplifies sustainable growth, with the industrial sector accounting for 25% of its GDP, bolstered by its unique chemicals, metals, and renewable energy industries. Through its National Strategy for Manufacturing Industries (2024-2030), Qatar aims to increase the industrial sector’s contribution to QAR 70.5 billion by 2030, thereby reinforcing its status as an industrial powerhouse.

Türkiye stands as a leading economic force, fueled by its diversified industries and economic resilience, with a GDP exceeding USD 1.1 trillion in 2023. Its strategic location provides access to markets with over 1.3 billion consumers, complemented by free trade agreements with numerous countries, enhancing its global competitiveness. Türkiye functions as a crucial hub for global supply chains, boasting robust industrial capabilities in sectors such as automotive, food processing, textiles, metals, and advanced technologies.

The inclusion of Qatar and Türkiye in the Integrated Industrial Partnership for Sustainable Economic Development underscores the partnership’s progress in promoting industrial integration and creating new opportunities for all member countries. Their advanced infrastructure, investment incentives, and skilled workforce will play a significant role in strengthening the regional industrial base and enhancing the competitiveness of the seven partner countries. This expansion paves the way towards achieving sustainable economic development goals, focusing on supply chain resilience, import substitution, and job creation.

During the meeting, several agreements were signed, and strategic projects valued at over USD 2 billion were announced, aimed at enhancing collaboration among member countries in critical sectors such as metals, pharmaceuticals, and plastic industries. These initiatives also prioritize the development of healthy food industries, biotechnology innovation, and advancements in electrical and high-tech industries.

Key announcements included a raw material supply agreement between Bahrain Steel and Qatar, valued at USD 1.3 billion. This agreement will facilitate the supply of 5 million metric tons of raw materials over the course of five years.

Additionally, a Memorandum of Understanding was signed between the UAE’s ISC Capital and Bahrain’s Peninsula farms to establish a sustainable microalgae production facility in the Kingdom, with an investment of USD 10 million. This project aims to advance microalgae production technology and provide industrial and medical solutions, aligning with Bahrain’s Economic Vision 2030. Furthermore, it is expected to create job opportunities in areas such as research, agriculture, extraction, laboratory work, and production, contributing to the local economy and workforce development.

Another significant announcement involved Egypt’s Giza Cable Accessories ‘s plan to establish a new facility in the UAE dedicated to producing cable accessories and electrical connectors, with an investment of nearly USD 7 million.

Additional agreements were finalized for the supply of PET plastic containers from Jordan’s Exceed Industries and plastic caps from Egypt’s Delta El Nile to UAE’s Hayatna – National Dairy, each valued at USD 10 million. Furthermore, a USD 15 million agreement was signed for the supply of animal feed from the UAE’s National Feed Factory (NFFM) to Qatar’s Al Rayyan Horse Essentials.

In the pharmaceutical sector, key agreements included a collaboration between the UAE’s Globalpharma and Morocco’s Zenith Pharma to manufacture, license, and transfer technology in areas such as injectable medications, biologics, and treatments for cholesterol and diabetes. This partnership, with an investment exceeding USD 50 million, aims to strengthen regional pharmaceutical security and enhance the capacity for local production of medical solutions.

To enhance regional investments, the UAE’s Mubadala Investment Company has announced the acquisition of two factories – Adwia Pharmaceuticals in Egypt and PHI in Morocco. This move significantly bolsters Mubadala’s pharmaceutical investments on both a regional and global scale.

Additionally, a MoU was signed between Morocco’s Dolidol and the UAE’s Intercoil. This collaboration aims to expand manufacturing capabilities for mattresses and foam production in the UAE.

These new projects underscore the commitment of the member countries of the Integrated Industrial Partnership for Sustainable Economic Development to achieving sustainable economic development. They aim to accelerate economic growth, support sustainability, and enhance collaboration in economic and investment initiatives. The initiatives are expected to create new job opportunities, strengthen food and industrial security, and foster innovation across crucial and advanced industries. Collectively, these efforts represent significant strides toward establishing the region as a leading global hub for industrial investment.

During the Higher Committee meetings, a comprehensive review of the partnership’s achievements was conducted. His Excellency Omar Al Suwaidi, Secretary-General of the tripartite higher committee and Undersecretary of the Ministry of Industry and Advanced Technology in the UAE, presented a detailed report outlining the outcomes, which included the successful implementation of strategic projects and support for vital sectors across member countries. The meeting also provided updates on ongoing projects and discussed the future work plan, aimed at further enhancing regional cooperation and contributing to sustainable development.

Member countries reviewed their competitive advantages, which include advanced infrastructure, supportive policies, and investment incentives designed for investors. They highlighted promising investment opportunities in strategic sectors, demonstrating the commitment of the partnership’s countries to attract industrial investments and create a favorable investment environment that fosters regional economic integration.

Four industrial companies were honored by the attending ministers for their significant contributions in supporting the the Integrated Industrial Partnership for Sustainable Economic Development: The UAE’s Global Pharma and Jordan’s Savvy Pharma were recognized for their outstanding efforts in pharmaceutical research and development among member countries. Emirates Steel and Bahrain Steel were acknowledged for their essential role in the supply of raw materials, as agreed in the previous Higher Committee meeting held in Bahrain in January 2024.

The ministers encouraged other participating private sector companies present to follow the example set by these distinguished companies. They emphasized the importance of enhancing contributions to partnership projects and leveraging the competitive advantages provided by this initiative to promote sustainable development and advance vital sectors that benefit the member countries.

HE Dr. Al Jaber began his speech by extending greetings from His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and conveying his wishes for continued success in achieving the shared goals of the partnership’s countries. He emphasized that this partnership embodies a unified vision focused on enhancing sustainable economic development and strengthening complementary relations among member countries by leveraging their competitive advantages and the significant potential of the partnership.

HE Dr. Al Jaber also expressed his gratitude to Qatar for hosting the fifth Higher Committee meeting and welcomed the inclusion of Qatar and Türkiye into the partnership, highlighting their roles in advancing the collective goals of the initiative.

HE Dr. Al Jaber said: “We welcome the inclusion of Qatar and Türkiye in the Integrated Industrial Partnership for Sustainable Economic Development, and we are confident that this step will bolster the common interests of all members, especially considering the industrial and economic standing of both countries. Their extensive track record of success across various sectors, particularly in the industrial field, plays a crucial role in supporting investment opportunities both regionally and globally.”

His Excellency also expressed gratitude to the Executive Committee and the working teams from the member countries for their dedicated efforts in overseeing the implementation of work plans, reviewing the latest project developments, and organizing workshops for the private sector. He noted that these efforts have led to tangible progress in achieving the partnership’s objectives and fostering cooperation among member countries.

HE Dr. Al Jaber added: “The Integrated Industrial Partnership for Sustainable Economic Development is a remarkable success story that began in Abu Dhabi in May 2022. It has already transformed several agreements signed during previous meetings into tangible projects that we are now witnessing come to fruition. We are pleased to observe today the announcement of several new projects and agreements in key priority sectors, valued at over USD 2 billion.”

He emphasized that these projects contribute to the integration of expertise and capabilities among the partnership’s countries, helping to build a sustainable common industrial base by leveraging each country’s competitive advantages. Furthermore, these initiatives support supply chain resilience, reduce production costs, foster research and development, enhance the qualification of national competencies, and create thousands of job opportunities. Ultimately, they contribute to achieving the strategic goals of the partnership while fostering industrial growth and regional cooperation.

HE Sheikh Al Thani said: “The Integrated Industrial Partnership for Sustainable Economic development represents a strategic step towards enhancing industrial collaboration and integration among our countries by aligning key industrial sectors and establishing joint initiatives that contribute to improving the competitiveness and sustainability of the industrial sector.”

He added: “Qatar joining the partnership is a significant leap that reflects our strong commitment to enhancing industrial cooperation within the region. We are confident that this partnership will play a fundamental role in supporting sustainable development efforts by providing outstanding investment opportunities and fostering cooperation within the private sector. Moreover, Qatar’s substantial economic potential and smart infrastructure will be instrumental in achieving the partnership’s objectives and accelerating economic growth.”

HE Kacır said: “For Türkiye, strategic synergy between industrial innovation accumulated by national technology initiative, and effective global cooperation is among the key priorities. To this end, joining this partnership will not only provide strategic collaboration opportunities for our industries but also promote technological advancement and create new endeavors for sustainable economic development in our region. I believe this partnership will serve as a catalyst for enhancing regional collaboration by improving industrial capabilities and building greater value-chain resilience.”

HE Fakhro expressed his gratitude to Qatar for the warm welcome and the organization of the meetings. He welcomed the inclusion of Qatar and Türkiye into this industrial alliance, which has evolved into a regional economic center that enhances industrial integration, particularly in advanced sectors such as petrochemicals, automotive, aviation, and electronics. Fakhro emphasized the Bahrain government’s commitment to support manufacturers participating in this partnership by providing the necessary facilities, aligning with the Industrial Sector Strategy (2022-2026) aimed at enhancing regional industrial integration.

He added: “The commitment of countries in the alliance and quality projects developed in cooperation with the private sector reflect our firm belief in the importance of industrial integration and the development of supply chains to achieve economic diversification and increase the competitiveness of the industrial sector in the region. We encourage the private sector to seize these opportunities to expand production lines, reduce costs, and enhance the sustainability of supply chains.”

HE Al-Qudah said: “We are delighted with today’s meeting as parties to an industrial partnership that was launched as a tripartite initiative in 2022 and has now expanded to a seven-party partnership with the accession of Qatar and Türkiye. These two enriching members add diversity in natural resources and capabilities, as well as richer ideas and strategic directions, which will allow us to come together for build a more prosperous region.”

HE Al-Qudah added that the current challenge is to sustain and institutionalize the measures taken by member countries to recover. He outlined two crucial levels for action: first, at the national level, through economic and administrative legislation, enabling tools, and supportive regulatory structures; and second,

 

at the regional level, by fostering economic integration that harnesses benefits to establish joint projects and facilitate trade exchange without obstacles. He concluded that these measures will contribute to a proactive approach based on strengthening economic and social resilience through both internal and external strategies.

HE Al-Qudah said that the Jordanian government, under the guidance of His Majesty King Abdullah II bin Al-Hussein of the Hashemite Kingdom of Jordan and in partnership with the private sector, is working to empower Jordanian manufacturers. The goal is to enable them to play a more significant role in the partnership alongside their counterparts in member countries.

He added: “Our economic policies and legislation are focused on fostering collaboration with regional states. This includes the Investment Environment Law, which offers incentives and exemptions to investors, supports energy costs, accelerates procedures, and ensures equal treatment for both Jordanian and non-Jordanian investors.”

HE Lieutenant General Al Wazir said: “Partnership and industrial integration between our countries is no longer an option, but rather an urgent necessity to enhance our competitiveness in global markets and achieve comprehensive development.”

He added: “In a world characterized by accelerating economic, technological and geopolitical changes, cooperation among our countries is the most effective way to overcome challenges and capitalize on available opportunities in sustainable industries. These industries align with global trends and aim to reduce carbon emissions and preserve natural resources. This approach will help maximize the benefits derived from available resources and create new job opportunities, in line with each country’s strategy and goals.”

HE Mezzour said: “The Integrated Industrial Partnership for Sustainable Economic Development embodies the ambition of our countries to enhance integration and collaboration with the goal of building a strong economic alliance. This alliance aims to ensure the security of supply chains and enhance value chains between our nations, as well as to launch industrial partnership projects with high added value.”

He added: “By unifying our efforts and investing in the potential of integration between our resources and industries, we are working to enhance competitiveness and innovation in our industrial sectors, ultimately achieving sustainable industrial growth.”

Executive Committee Meetings

Doha hosted the meetings of the Executive Committee of the Industrial Partnership for Sustainable Economic Development, where participants discussed the latest developments in ongoing projects and proposals for new projects. These discussions included collaborations with companies in various sectors, such as food, agricultural technology, minerals, chemicals, pharmaceuticals, electrical equipment, sustainability, and more.

Zayed Sustainability Prize Opens Global Call for Transformative Solutions

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Sahfy Sahfy
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Zayed Sustainability Prize Opens Global Call for Transformative Solutions
Zayed Sustainability Prize Opens Global Call for Transformative Solutions

The UAE’s Zayed Sustainability Prize, a portfolio entity of Erth Zayed Philanthropies which has impacted 400 million lives worldwide by advancing innovative solutions to pressing global challenges, has officially announced its call for submissions for 2026. Marking 17 years of continued support and empowerment for the next generation of sustainability champions, the Prize invites small to medium enterprises (SMEs), nonprofit organisations, and high schools to submit their projects in six distinct categories: Health, Food, Energy, Water, Climate Action, and Global High Schools. 

In 2024, the Prize received 5,980 submissions from 156 countries, reflecting a growing international commitment to sustainable development. As the 2026 submission cycle begins, the Prize aims to build on this momentum and seize the unique opportunity at the Nexus of Next, a dynamic convergence of technological innovation, human ingenuity, and strategic vision to accelerate progress worldwide. 

Commenting on the launch, H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director General of the Zayed Sustainability Prize said: “The Zayed Sustainability Prize honours Sheikh Zayed’s vision of advancing inclusive sustainable and humanitarian development. By supporting projects that harness new technologies to improve lives and drive prosperity in local communities, the Prize places people at the heart of progress, and demonstrates the role of the Nexus of Next in accelerating socio-economic growth worldwide.”

The Prize will reward US $1 million to the winners of each organisational category, while those in the Global High Schools category – split into six world regions – can claim up to US $150,000 to deploy or further expand their project. This funding has already enabled tangible progress and improved living conditions in vulnerable areas around the world, from expanding healthcare access in Southeast Asia to reducing food poverty in Sub-Saharan Africa. 

The most recent Zayed Sustainability Prize winners were recognised at an Awards Ceremony in Abu Dhabi in the presence of H.H. Sheikh Mohamed bin Zayed, President of the United Arab Emirates, alongside 11 Heads of State and several Ministers and business leaders. These distinguished guests witnessed the promise and impact of each winner, as well as the UAE’s firm commitment to providing a platform for such solutions to grow. 

For the 2026 cycle, applicants in the Health, Food, Energy, Water and Climate Action categories must prove that their solution is improving access to essential services in their communities, and that they can implement a long-term vision for better living and working conditions. For the Global High Schools category, projects should be led by students and must demonstrate innovative approaches to address sustainability challenges.

To encourage a broader range of organisations and high schools to participate, the Prize accepts submissions in multiple languages, including Arabic, Chinese, English, French, Russian, Spanish, and Portuguese.

The evaluation of each submission to the Prize consists of a rigorous, three-stage process. First, due diligence is conducted on all submissions to ensure that they meet the Prize’s evaluation criteria of Impact, Innovation, and Inspiration. This identifies the qualified entries and results in the selection of eligible candidates. Following this, evaluations are undertaken by a Selection Committee consisting of category-specific panels of independent international experts. From this shortlist of candidates, the finalists are chosen and then sent to the Prize Jury who unanimously elect the winners across all six categories.  

Winners of the Zayed Sustainability Prize will be announced at an Awards Ceremony in 2026.

For more details and to submit your application, please click here.

Arabian Company for Agricultural and Industrial Investment Announces its IPO Offer Price Range and the Commencement of the Institutional Book-Building

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Sahfy Sahfy
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Arabian Company for Agricultural and Industrial Investment Announces its IPO Offer Price Range and the Commencement of the Institutional Book-Building
Arabian Company for Agricultural and Industrial Investment Announces its IPO Offer Price Range and the Commencement of the Institutional Book-Building

Arabian Company for Agricultural and Industrial Investment (the “Company” or “Entaj”), one of the leading poultry brands in the Kingdom of Saudi Arabia (the “Kingdom”), announces the price range for its initial public offering (the “IPO” or “Offering”) and the commencement of the institutional book-building period for Participating Parties.

The price range for the Offering has been set between SAR 46 and SAR 50 per share (the “Price Range”). The institutional book building period commences today, 9 February 2025G and will close at 3pm (KSA time) on 13 February 2025G.

On 30 September 2024G, the Capital Market Authority (the “CMA”) approved the Company’s application for registering its share capital and the Offering of 9,000,000 ordinary shares (the “Offer Shares”), representing 30% of the Company’s total issued share capital. The final offer price will be announced following the end of the institutional bookbuilding period. 

The Offerings’ net proceeds will be distributed to the Selling Shareholder, which is Arabian Agricultural Services Company (ARASCO). The Company will not receive any part of the Net Offering Proceeds.

BACKGROUND TO THE OFFERING

The Company has obtained the necessary approvals from the Capital Market Authority and Saudi Exchange to proceed with the offering and listing process as shown below:

The Offering will consist of 9,000,000 ordinary shares (the “Offer Shares”), representing 30% of the Company’s total issued share capital. 

The Offer Shares will be offered for subscription to Individual Subscribers and Participating Parties (as defined below).  

In the event of sufficient demand from retail investors, the Financial Advisor, in coordination with the Company, shall have the right to reduce the number of Offer Shares allocated to Participating Entities to a minimum of eight million, one hundred thousand 8,100,000 ordinary Shares, representing 90% of the Offer Shares.

The Offer Shares will be listed and traded on the Saudi Exchange’s Main Market following the completion of the Offering and listing formalities with both the CMA and the Saudi Exchange.

The Company appointed SNB Capital (“SNB Capital”) as the lead manager (“Lead Manager”), financial advisor (“Financial Advisor”), bookrunner (the “Bookrunner“), and underwriter (the “Underwriter“). 

The CMA licensed receiving banks will act as Receiving Agents (collectively, the “Receiving Agents”) for retail investors, including SNB Capital, SAB Invest, Al Rajhi Capital, Saudi Fransi Capital Company, Alinma Investment Company, Riyad Capital Company, AlJazira Capital Company, Alistithmar for Financial Securities and Brokerage Company , AlBilad Capital Company, ANB Capital Company, Derayah Financial Company, Yaqeen Capital Company, Alkhabeer Capital Company, GIB Capital Company, and Sahm Capital Financial Company.

Please refer to the Prospectus for details on the expected timetable of the Offering.

Subscription for the Offer Shares is restricted to the following groups of investors:

Tranche (A): Participating Parties: 

This tranche comprises the parties entitled to participate in the book-building process specified under the Book-Building Instructions issued by the CMA. This includes investment funds, Qualified Foreign Investors, GCC Corporate Investors, and certain other foreign investors under swap agreements (collectively referred to as the “Participating Parties” and each a “Participating Party). The number of Offer Shares to be provisionally allocated to the Participating Parties is nine million (9,000,000) Offer Shares, representing one hundred per cent. (100%) of the Offer Shares. The final allocation will be made after the end of the subscription period for Individual Subscribers (as defined in tranche (B) below) by the Financial in coordination with the Company using the discretionary allocation mechanism. As a result, some of the Participating Entities may not be allocated any Offer Shares. If there is sufficient demand from Individual Subscribers, the Financial Advisor shall have the right, in coordination with the Company, to reduce the number of Offer Shares allocated to Participating Entities to eight million, one hundred thousand (8,100,000) Offer Shares, representing ninety per cent. (90%) of the Offer Shares.

Tranche (B): Individual Subscribers: 

This tranche comprises Saudi Arabian natural persons, including any Saudi female divorcee or widow with minor children from a marriage to a non-Saudi spouse, who can subscribe for her own benefit in the names of her minor children on the condition that she submits proof that she is a divorcee or widow and the mother of her minor children, as well as any non-Saudi natural person resident in the Kingdom or GCC natural person who has an investment account and an active portfolio with one of the Receiving Agents (collectively, the “Individual Subscribers” and each an “Individual Subscriber”, and together with the Participating Entities, the “Subscribers”). A subscription for Offer Shares made by a person in the name of his divorced wife shall be deemed invalid and the applicant shall be subject to the sanctions prescribed by law. If a duplicate subscription is made, the second subscription will be considered void and only the first subscription will be accepted. A maximum of nine hundred thousand (900,000) Offer Shares representing ten per cent. (10%) of the total Offer Shares shall be allocated to Individual Subscribers. If Individual Subscribers do not subscribe in full to the Offer Shares allocated to them, the Financial Advisor may, in coordination with the Company, reduce the number of Offer Shares allocated to Individual Subscribers in proportion to the number of Offer Shares subscribed by them.

UAE`s Ministry of Finance Announces Issuance of a Cabinet Decision on the Introduction of Top-up Tax for Multinational Enterprises

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Sahfy Sahfy
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Ministry of Finance Announces Issuance of a Cabinet Decision on the Introduction of Top-up Tax for Multinational Enterprises
Ministry of Finance Announces Issuance of a Cabinet Decision on the Introduction of Top-up Tax for Multinational Enterprises

The UAE`s Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on December 9, 2024.

The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organisation for Economic Co-operation and Development (OECD). The UAE DMTT will apply to Entities that are members of Multinational Enterprises (MNEs) operating in the UAE with annual global revenues of €750 million or more in the Consolidated Financial Statements of the Ultimate Parent Entity in at least two out of the four financial years immediately preceding the financial year in which the UAE DMTT applies.

The UAE DMTT provides relief through a Substance-based Income Exclusion, a carve out which reduces net Pillar Two income subject to the UAE DMTT to determine the Excess Profit for the purposes of computing the UAE DMTT, by an amount calculated based on payroll and the carrying value of tangible assets.

Aligned with the GloBE Model Rules, the UAE DMTT also allows for an exclusion where an Entity meets the relevant de minimis exclusion criteria, under which the UAE DMTT for an Entity will be considered zero, provided that certain criteria are met. 

To bolster the UAE’s competitiveness as a leading investment hub, the UAE DMTT has been structured to exclude Investment Entities, as defined under these rules.

As part of a transitional measure and to create a tax environment conducive to economic growth, no UAE DMTT will be levied during the initial phase of an MNE Group’s international activity, provided that none of the of the ownership interests of the Entities located in the UAE are held by a parent entity subject to a Qualified Income Inclusion Rule in another Jurisdiction. 

The UAE DMTT should be interpreted in line with the Commentary and Administrative Guidance issued by the OECD, available via this link. 

Cabinet Decision No. 142 of 2024 is available on the UAE Legislation’s website: www.uaelegislation.gov.ae/en.

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