AVIATION-

Easy Lease enters Malaysia to support AI-driven aerospace hub: ADX-listed mobility solutions outfit Easy Lease expanded to the Malaysian market after signing an MoU with US-based AI and data analytics company BigBear.ai, Malaysia’s Pahang Aerospace City (PAC), and UAE-based Vigilix Technology Investment, according to an ADX disclosure (pdf) released last week. The partnership aims to use AI to boost Malaysia’s infrastructure, security, and logistics sectors.

Under the partnership, Easy Lease will provide smart mobility expertise and AI-based insights to support PAC, which is slated for a new international airport, integrated zones, a spaceport, and an MRO cluster.

REGULATION WATCH-

The Kingdom now recognizes the US Federal Motor Vehicle Safety Standards (FMVSS) as fully meeting the Kingdom’s automotive safety requirements under an agreement signed by both countries, according to a letter exchange (pdf) published last week. Adopting FMVSS is expected to improve safety and reliability in the Saudi market, protect consumers, and support the growth of the Kingdom’s industrial, transportation, and logistics sectors, state news agency SPA reports.

SUPPLY CHAINS-

NMDC Energy expands footprint with Taiwan, Shanghai offices…: The ADX-listed EPC unit of National Marine Dredging Company (NMDC), NMDC Energy, opened a commercial office in Shanghai and a branch in Taiwan, according to an ADX disclosure (pdf) published last week. The firm is looking to tap into Southeast Asian markets, move closer to key project locations, improve supply chain reliability, and strengthen vendor relations.

… + partners with Chinese heavyweight: NMDC Energy inked an MoU with Citic Steel, China’s second-largest steel producer, in a bid to boost its supply chain for major projects.

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