Humain, Turing team up to launch enterprise AI Agent Marketplace

Humain partnered with US-based Turing to develop the world’s first enterprise-scale AI Agent Marketplace on Humain One, according to a press release (pdf) revealed at the FII Priority Miami Summit. The platform will allow companies to deploy AI agents across business functions and enable developers to publish and monetize them.

Why it matters: The marketplace plays into the Kingdom’s push to become an exporter of global AI infrastructure, with Turing already signed as its first US-based customer. It also points to a shift from SaaS to agent-based systems, where AI executes workflows rather than supports them — a transition Humain CEO Tareq Amin sees as the next phase of enterprise tech.

Jeddah gets a new frozen food plant

Jordan’s Siniora Food Industries opened a new food manufacturing plant in Jeddah, according to a press release. The first phase of the plant spans 11.5k sqm, has an annual production capacity of 10k tons of frozen and chilled products, and cost SAR 150 mn to build. The Saudi Industrial Development Fund (SIDF) financed 50% of the investment.

Why it matters: As the Kingdom prioritizes local content requirements, regional players like Siniora are shifting from export models to local manufacturing to protect their market share. The 50% SIDF backing signals that the Kingdom is willing to foot the bill to de-risk this transition for foreign operators.

Red Sea International to raise SAR 100 mn via sukuk

Red Sea International is planning a SAR 100 mn sukuk issuance under its murabaha sukuk program, according to a Tadawul disclosure. Proceeds will support working capital and cover remaining costs from restructuring initiatives, including cost optimization and the closure of unprofitable operations outside Saudi Arabia.

ADVISORS- Tarmeez Capital Financial Company was appointed as the sole lead arranger.

Maersk adds three shipping services to our ports

Shipping giant Maersk has added three new shipping services to Jeddah Islamic Port and King Abdullah Port linking them to key regional and international hubs — India’s Nhava Sheva and Mundra, and Oman’s Salalah — supporting a total capacity of 14.4k TEUs, according to a statement.

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