ZonesCorp, an Abu Dhabi Ports company, said work has been completed on 1.38 million sq m of commercial and retail areas at Rahayel Automotive City, the region's first integrated hub for the sector featuring showrooms, workshops and auction houses.

DEVELOPING STATES STRUGGLE
The International Monetary Fund (IMF) has sharply upgraded its economic outlook this year for the world’s wealthy countries, especially the US, as Covid-19 vaccinations help sustain solid rebounds from the pandemic recession.

Prysmian Group, worldwide leader in the energy and telecom cable systems industry, has fully set up its organisation for the development of the three strategic German power transmission HVDC (High Voltage Direct Current) cable projects.

King Abdullah Port has been ranked the Middle East's fastest-growing port during the first quarter of this year, according to Alphaliner, the global maritime data originator.

The investment in the sweets and chocolate industry in Saudi Arabia has reached SR35 billion ($9.3 billion) through 1,066 factories as of mid-July, the Ministry of Industry and Mineral Resources has revealed.

ExxonMobil and Sabic said that their joint venture, Gulf Coast Growth Ventures located near Corpus Christi in the US state of Texas, has reached mechanical completion of a monoethylene glycol unit and two polyethylene units.

Dubai-based dnata, a leading global air and travel services provider, has announced the promotion of David Barker to Divisional Senior Vice President (DSVP) for Airport Operations.

Vitrac is now the first company not only in the Balearics, but also in Spain as a whole, to use the new Bobcat remote control system for compact loaders.

Trina Solar's proprietary Vertex high-efficiency p-type monocrystalline silicon module has achieved a record aperture module efficiency of 23.03% for larger-area industrial silicon p-type modules.

The Saudi dairy market valued at $5.72 billion in 2020, is estimated to reach $7.94 billion by the end of 2026, growing with a CAGR of 5.66%, according to TechSci Research report.

US aircraft manufacturer Boeing said it is committing to deliver commercial airplanes capable of flying on 100% sustainable fuels by 2030 in its first Sustainability Report.

Standard Carpets, the region’s largest producer and exporter of broadloom carpets, carpet tiles and artificial grass, has broken ground on a new manufacturing plant in Dubai Industrial City.