Lite-Tech Industries, a joint venture between Masharie, a subsidiary of Dubai Investments and Philips Lighting, has inaugurated the first-of-its-kind complete LED fixtures manufacturing unit in the region, reinforcing its leadership in the energy-efficient LED lighting segment.
Al Dahra Holding and Abu Dhabi Ports have launched the Gulf region’s largest and only rice factory of its kind at Khalifa Industrial Zone (Kizad) in the UAE capital.
King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia’s Red Sea coast, said it has signed a long-term master supplier agreement with AVK Saudi Valves Manufacturing Company (AVK), a leading supplier of valves and fire hydrants in the kingdom.
Brazilian exports to the Arab world during the first three quarters of 2016 reached $10.3 billion, a decline of 6 per cent in comparison to the same period of 2015, with imports reaching $5 billion, a fall of 25 per cent over the same period.
Bahrain-based Chocolate & Company, a specialist in chocolate industry, is planning to double its production capacity up to two tonnes per day by early next year, said a top official.
Hempel, a leading paint manufacturer, is set to open a new factory in Kuwait next year in line with its plans to boost the company’s production capacity to 19 million litres from the current 13 million litres.
Hempel, the global supplier of marine, protective and decorative coatings, plans to move its entire production unit in Saudi Arabia to its new plant in Jeddah’s second industrial city as part of a strategy aimed at meeting the needs of its Saudi customers.