Browsing: manufacturing sector

The UAE’s industrial sector has witnessed significant growth in financing, with strong backing from both government and private entities. This collaboration is crucial for driving industrial expansion and achieving the ambitious goals of the “Operation 300 Billion” initiative, as highlighted by the Central Bank of the UAE (CBUAE).

The new target opens significant opportunities for local and international businesses to engage with ADNOC’s procurement pipeline, fostering investment in the UAE’s manufacturing and industrial sectors while creating jobs for Emiratis.

NEOM has announced a partnership with Asas Al Mohileb to establish and operate a SR 700M ($186M) ready-mix concrete facility in Saudi Arabia. This multi-plant factory will primarily supply concrete for the construction of THE LINE, a linear city currently under development in NEOM.