Strata Manufacturing PJSC, wholly-owned by Mubadala Investment Company PJSC (Mubadala), has signed a cooperation agreement with Dema SpA, Italian aerospace company, to transfer knowledge and exchange manufacturing services to reshape the global aerospace sector
Logistics
Al Saeedi is now the exclusive distributor for South Korea?s Nexen Tires in the UAE
South Korea?s Nexen Tire Corporation has partnered with Al Saeedi Group, Dubai-headquartered specialists in tyre distribution and Tyre service solutions, a move that aims to strengthen both the company?s local market presence across the UAE
Enova, Inmaquip sign MoU to handle airport facilities
Enova, a facilities management company for airports, and Inmaquip, which makes jet bridges, said they had signed a memorandum of understanding (MoU) to combine their services for better passenger comfort and safety
Sohar Port and Freezone signs deal for ports?s South Phase 1
Highlighting the rapid growth within Oman?s logistics sector, Sohar Port and Freezone signed an agreement with Dredging International NV ? Earth Moving Worldwide LTD (DINV-EMW JV) for the development of Phase 1 of the Sohar Port South construction package 1
MENA truck market to register CAGR of 3.4 per cent by 2027
A report published by Future Market Insights titled ?Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 ? 2016 and Opportunity Assessment 2017-2027? estimates a revenue growth from nearly US$5,250mn in 2017 to nearly US$8,500mn by 2027 end, resulting in a CAGR of five per cent during the period of assessment