The world's first commercial hyperloop system, which is set to open in Abu Dhabi in 2020, will cost between $20 million to $40 million per kilometre, said Bibop Gresta, chairman of Hyperloop Transportation Technologies.

FEED AND SALES GAS TRAIN
Siemens said it has won a major contract from top North American group Encana to provide one feed and sales gas train and a refrigeration compression train for its pipestone processing facility in Alberta, Canada.

Otokar, a leading supplier of the Turkish military and security forces for tactical vehicles, is showcasing its latest technologies at Shield Africa, International Security & Defence exhibition, being held in Abidjan, Côte d'Ivoire.

The growth of Industrial Internet of Things (IIoT) and cloud have given a huge boost to the adoption of radio frequency identification (RFID) technology in Manufacturing 4.0, according to a recent report from Frost & Sullivan.

Sri Lanka-based JLanka International, a premier solar and renewable energy technology solutions provider, has announced an investment of up to $10 million within the coming five years in Bahrain’s renewable energy sector.

Abu Dhabi Airports Free Zone (ADAFZ), a wholly owned subsidiary of Abu Dhabi Airports, has signed a MoU with the Registration Authority of Abu Dhabi Global Market (ADGM Registration Authority) to promote Abu Dhabi as a financial centre.

Oman-based Shomookh Mining Industries Company has announced plans to launch construction work on the projects at its mining complex and also the Duqm Commercial Tourism Gate during the first quarter, said a report.

Digital signages, LED and other related industries can increase their market share by adopting an artificial intelligence framework, according to International Expo Consults (IEC).

Major new healthy food launches are being lined up by exhibitors at the upcoming 24th edition of Gulfood, a global leading annual food and beverage trade exhibition, to be held next month in Dubai, UAE.

Saudi Aramco’s Uthmaniyah Gas Plant (UGP) has been recognized by the World Economic Forum (WEF) as a “Lighthouse” manufacturing facility, a leader in technology applications of the Fourth Industrial Revolution (4IR).

The Arabian Gulf’s leading maritime repair and fabrication facility Asry said it has signed a deal with Bahrain’s National Oil & Gas Authority (Noga) to provide a dedicated marine services area in the yard, from which Noga projects can be supported.

Audi, a leading automobile manufacturer, said it has delivered around 1,812,500 automobiles to customers worldwide in 2018, 3.5 per cent less than a year ago.