{"id":107160,"date":"2025-09-03T00:00:00","date_gmt":"2025-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/linde-expands-further-in-the-region-after-upping-stake-in-airtec\/"},"modified":"2025-09-03T00:00:00","modified_gmt":"2025-09-03T00:00:00","slug":"linde-expands-further-in-the-region-after-upping-stake-in-airtec","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/03\/linde-expands-further-in-the-region-after-upping-stake-in-airtec\/","title":{"rendered":"Linde expands further in the region after upping stake in Airtec"},"content":{"rendered":"<p class=\"tag-border-left\">M&amp;A WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industrial gases and engineering giant Linde acquired Airtec<\/strong>, one of the largest industrial gas companies in the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.linde.sa\/press-release#:~:text=KSA%2C%20September%201%2C%202025%20%E2%80%93,its%20shareholding%20to%20over%2090%25.\" style=\"\" rel=\"noopener\">press release<\/a>. Linde, which saw USD 33 bn in sales in 2024, upped its stake in the gas firm to over 90% from 49%. Airtec provides industrial gases for a range of sectors, including manufacturing, healthcare, and energy \u2014 its MENA-focused operations are set to boost Linde\u2019s regional presence. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Linde's current Middle East operations include<\/strong><span style=\"background-color: transparent;\"> air separation units, CO2plants, and onsite gas generation facilities to produce industrial, medical, and specialty gases across Kuwait, the United Arab Emirates, Qatar, Bahrain and Saudi Arabia. The move looks to strengthen Linde\u2019s supply chain resilience in the region, which is seeing growing demand for industrial gases, the firm said.<\/span><\/p>\n<p class=\"tag-border-left\"> HOSPITALITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Construction <\/strong><strong>underway at RRS\u2019 USD 100 mn RAK residential project: <\/strong>UAE-based luxury real estate developer <a target=\"_blank\" href=\"https:\/\/www.rrsinternationaldevelopment.com\/about-us\" style=\"\" rel=\"noopener\">RRS International Development<\/a> started building work on its USD 100 mn mixed-use residential project in Ras Al Khaimah\u2019s Al Marjan Island, <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/real-estate\/rrs-international-development-breaks-ground-on-100m-nh-collection-ras-al-khaimah-al-marjan-island\" style=\"\" rel=\"noopener\">Arabian Business<\/a> reports. The project is RSS\u2019 first in the emirate after its debut in Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the development:<\/strong> NH Collection Ras Al Khaimah Al Marjan Island Hotel and Apartments includes 36 branded apartments and 121 hotel keys, alongside lifestyle amenities. The development was created in partnership with Minor Hotels.<\/p>\n<p class=\"tag-border-left\"> STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s tech startup ecosystem Hub71 selected 26 startups for its latest<\/strong><strong> cohort <\/strong>\u2014 its largest yet \u2014 with combined funding of USD 223 mn (AED 818 mn), according to a <a target=\"_blank\" href=\"https:\/\/www.hub71.com\/latest-news\/press-release\/hub71-welcomes-record-ai-startups-in-latest-cohort,-reinforcing-abu-dhabis-role-in-global-ai-innovation\" style=\"\" rel=\"noopener\">statement<\/a>. Some 81% of the companies are AI-focused firms working in healthtech, fintech, energy, and climate tech. The cohort was chosen from over 2k applications across 12 countries, with 74% headquartered outside the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Notable entrants include:<\/strong><\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.harmonicdiscovery.com\/\" style=\"\" rel=\"noopener\">Harmonic Discovery<\/a><\/strong>, a US-based biotech using AI to design precision therapies for hard-to-treat diseases, which has raised USD 8.5 mn (AED 31.2 mn);<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/planystech.com\/\" style=\"\" rel=\"noopener\">Planys Technologies<\/a><\/strong>, an Indian developer of autonomous underwater inspection robots, which raised USD 7.2 mn (AED 26.4 mn);<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.sungreenh2.com\/\" style=\"\" rel=\"noopener\">SunGreenH2<\/a><\/strong>, a Singapore company building high-efficiency electrolyzers for green hydrogen, which raised USD 6.6 mn (AED 24.2 mn);<\/li>\n<li><strong>Resolv Labs<\/strong>, a UAE-based crypto investment platform, which raised USD 12.5 mn (AED 46 mn).<\/li>\n<\/ul>\n<p class=\"tag-border-left\"> SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DoE <\/strong><strong>launches initiative to support 100 industry firms: <\/strong>Abu Dhabi Energy Department (DoE) has launched Energy Efficiency Accelerators \u2014 part of its Industrial Sector Initiative \u2014 to optimize factory operations in the industrial sector, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/abu-dhabi-department-of-energy-launches-energy-efficiency-accelerators-in-the-industrial-sector-initiative\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Technical evaluations will identify ways to cut down on energy and water consumption in industrial facilities, with the participating firms receiving specialized analysis and recommendations. The program targets key industrial sectors including construction materials, F&amp;B, metals, paper industries, rubber and plastics, and the chemical and pharma industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline: <\/strong>The DoE has completed assessments for 12 industrial facilities, with work on a further 14 underway. The goal is to finalize 50 assessments by the end of 2025, with the remainder to follow in 2026.<\/p>\n<p class=\"tag-border-left\"> MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Global Aluminium (EGA)<\/strong><strong>finalized the expansion of its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ega.ae\/en\/about-us\/operations\/al-taweelah-alumina-refinery\" style=\"\" rel=\"noopener\">Al Taweelah alumin<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ega.ae\/en\/about-us\/operations\/al-taweelah-alumina-refinery\" style=\"\" rel=\"noopener\">a refinery<\/a><\/strong>, upping the refinery\u2019s annual capacity by 50k tons per annum (tpa), according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ega-completes-debottlenecking-expansion-at-al-taweelah-alumina-refinery-qnwyeeov\" style=\"\" rel=\"noopener\">press release<\/a>. The expansion included the installation of a third ball mill at the refinery to support the existing two. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Al Taweelah has produced 2 mtpa since it started up in 2019, and produced 49% of the firm\u2019s alumina last year.The extra mill is set to improve EGA\u2019s bauxite supply chain production and resilience, after it exited its operations <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/482913e4-c97e-4e05-8999-ddc9d057311c\/that%25e2%2580%2599s-a-wrap-on-ega%25e2%2580%2599s-operations-in-guinea\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/482913e4-c97e-4e05-8999-ddc9d057311c\/that%25e2%2580%2599s-a-wrap-on-ega%25e2%2580%2599s-operations-in-guinea\" style=\"\" rel=\"noopener\">Guinea<\/a> and prepares for expansions elsewhere, including Ghana. <\/p>\n<p class=\"tag-border-left\"> DEFENSE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge expands Brazil footprint with new Siatt HQ: <\/strong>Edge Group\u2019s Brazilian subsidiary Siatt opened a new 6k sqm headquarters and production facility in S\u00e3o Jos\u00e9 dos Campo, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bli8ffk-edge-group-entity-siatt-inaugurates-new\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The site includes R&amp;D labs, engineering facilities, and production lines, and is expected to create 200 direct and 600 indirect jobs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Edge acquired a 50% stake in Siatt in 2023, marking its first investment in Brazil. Siatt develops defense systems including the Mansup and Mansup-ER anti-ship missiles, the Max 1.2 AC anti-tank missile, and Brazil\u2019s Blue Amazon coastal surveillance program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Hub71's latest cohort includes 26 new startups<\/p>\n","protected":false},"author":1,"featured_media":107161,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,1400,718,937,871,143,477,741,1344,60,64,266,534,147,339],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-defense","tag-edge","tag-edge-group","tag-emirates-global-aluminium","tag-energy","tag-hospitality","tag-hub71","tag-ma","tag-ma-watch","tag-manufacturing","tag-oil-and-gas","tag-ras-al-khaimah","tag-startups","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"9f3eba08-8b2a-484d-b0be-77e8c712d391","order":"14","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/958.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Linde expands further in the region after upping stake in Airtec","related_issue":[107135],"teaser":"Plus: Hub71's latest cohort includes 26 new startups","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.a15888c7-6e82-493d-a331-dd4d95dd9a0a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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