PORTS-

Mawani x ZTT Group: The Saudi Ports Authority (Mawani) signed a SAR 375 mn land lease agreement with China’s ZTT Group to build a submarine and underground cable manufacturing plant at Ras Al-Khair Port, the authority said on X. Covering 80k sqm, the facility will produce 500 km of submarine cables, 500 km of underground cables, and 12.5k km of fiber optic cables annually, supporting localization of the cable industry and the Kingdom’s telecommunications sector.

About Ras Al-Khair: Launched in 2016, Saudi’s newest port Ras Al-Khair features 14 berths and a rail connection to mining sites. Spanning a 23 sq km area overlooking the Arabian Gulf, the port was mainly built to serve Ras Al-Khair industrial city, with the capacity to handle up to 35 mn tons of general and bulk cargo, according to Mawani.

TRADE-

#1- QSE-listed Qatari German Medical Devices joined HoldiPharma and Dawah Pharma’s export-focused JV, according to a statement released on Friday from the Public Enterprises Ministry. The Egyptian-US-Qatari strategic partnership inked between the three will see them work towards “establishing an integrated production and supply system inside and outside Egypt.”

REMEMBER- An earlier agreement between the state-owned pharma manufacturer HoldiPharma and US-based Dawah Pharma saw the two form a joint venture aimed at producing and exporting meds and supplements to international markets, with a focus on North America and Europe.

#2- Egypt-based Unionaire Group Technology signed a USD 10 mn contract with a US-based company to supply around 50k refrigerators to the US market in 2026, Al Mal reports, citing Vice President Youssef Osman. Unionaire also invested more than EGP 100 mn over the past year to upgrade its production lines and launch a new range of dual cooling refrigerators — the first of their kind produced domestically, according to a separate report from the outlet.

ZONES-

Indian used cars platform Cars24 will build an AED 55 mn automotive refurbishment hub at DP World’s National Industries Park after the two inked a partnership, according to a statement released last week. Cars24, a unicorn startup valued at over USD 3 bn, will start construction on the 220k sq ft solar-powered facility in November and aims to have it operational by August 2026.

More details: The facility will process more than 100k vehicles annually and be integrated with DP World’s logistics network and economic zones. Its operations will include refurbishment, quality inspections, and post-sales and export support, with a focus on EVs.

Tags: