Latest news with #industrialinvestment
Times of Oman
02-07-2025
- Business
- Times of Oman
Al Mudhaibi Industrial City signs two investment agreements worth OMR5.75 million
Al Mudhaibi,: Al Mudhaibi Industrial City, an affiliate of the Public Establishment for Industrial Estates (Madayn), signed two investment agreements to localise six factories with a total investment of OMR5.75 million, covering an area of more than 21,000 sqm. The signing ceremony was held in the presence of Mahmoud Yahya Al Dhuhli, Governor of North Al Sharqiyah and Eng. Dawood Salim Al Hadabi, CEO of Madayn, alongside several officials from the public and private sectors. The first agreement, signed with Global Prime Matter SPC, incorporates establishment of four factories specialising in electrical materials, electronics, home furniture, and cold storage supplies, with an investment of OMR5 million on a 14,538 sqm area. The second agreement, with Middle East Livestock Company, involves setting up an automated poultry slaughterhouse and a disinfectants factory, with an investment exceeding OMR750,000 over an area of more than 7,000 sqm. Eng. Said Khalfan Al Shabibi, Acting Director General of Al Mudhaibi Industrial City, stated that a total of five industrial projects were successfully localised in the last quarter of 2024, with a total investment of OMR5.8 million. This follows the official announcement in October last year inviting investment applications in Al Mudhaibi Industrial City, bringing the total investment in the city to date to approximately OMR11.6 million on an area of 75,000 sqm. He further noted that the tender for implementing Phase 1 of Al Mudhaibi Industrial city is expected to be awarded early next quarter. The scope includes the construction of internal roads, utility networks (electricity, water, internet, and sewage), fencing and main gates, a facility building, offices, and Madayn's Entrepreneurial and Agricultural Complexes. Al Mudhaibi Industrial City is one of the latest cities being developed by Madayn, extending over 9 million sqm, with Phase 1 covering about 1.5 million sqm. The city enjoys a strategic location near the main highway connecting the Special Economic Zone at Duqm with the Sultanate of Oman's key ports and border crossings. The city is a key component of the national strategic projects in North Al Sharqiyah Governorate and aligns with Madayn Vision 2040 in establishing world-class business cities in partnership with the private sector and in line with the objectives of Oman Vision 2040.
Arab News
17-06-2025
- Business
- Arab News
SIC, Investindustrial forge alliance to drive Saudi industrial expansion
RIYADH: SIDF Investment Co., the financial arm of the Saudi Industrial Development Fund, has entered into a strategic partnership with European private equity firm Investindustrial, marking its first international private equity commitment. The agreement is aimed at catalyzing new industrial investments in the Kingdom by localizing advanced manufacturing and integrating Saudi small and medium-sized enterprises into Investindustrial's global value chains. The partnership is a significant milestone for SIC as it broadens its international engagement and supports Saudi Arabia's Vision 2030 objectives. These include attracting institutional capital, localizing industrial expertise, and contributing to the National Industrial Strategy, which targets increasing the number of factories to 36,000 by 2035. The announcement follows a previous agreement in March between SIC and Ashmore Investment Saudi Arabia to launch a private closed-end industrial fund. The SR400 million ($106.6 million) initiative — the first of its kind in the Kingdom — is managed by a global asset manager and aims to support a wide array of industrial assets. That move laid the foundation for SIC's private equity strategy to stimulate domestic investment and expand global partnerships. 'This agreement represents a new chapter for SIC,' said Fahad Al-Naeem, CEO of SIC. 'By partnering with Investindustrial, we're bridging global reach, operational depth, and industry specialization into our ecosystem, positioning Saudi Arabia as the platform for regional and international manufacturing growth.' The targeted sectors include machinery and equipment, automation, medical devices, and sustainable consumer products, with an emphasis on local value creation and industrial innovation. This move comes as the Kingdom ramps up efforts to strengthen its industrial base and draw international investment into strategic sectors. In April, Saudi Arabia's Industrial Production Index rose 3.1 percent year on year, led by gains in manufacturing and mining. Manufacturing activity alone climbed 7.4 percent annually, with a 0.5 percent uptick month on month. Adding to this momentum, the government launched the Standard Incentives for the Industrial Sector program in May, offering up to 35 percent financing on initial capital expenditure per project, capped at SR50 million. The initiative supports facility development and operations over a seven-year term. 'SIC will utilize its local market expertise to pave the way for global manufacturers to establish a footprint in Saudi Arabia and connect with international supply chains, benefiting from the Kingdom's competitive position,' Al-Naeem added. Investindustrial, which has raised €17 billion and operates across eight global offices, focuses on mid-market companies with a mission to drive sustainable value creation and support global expansion. 'The Kingdom of Saudi Arabia has emerged as a key strategic growth region for Investindustrial's portfolio companies,' said Andrea Bonomi, chairman of Investindustrial. 'Many of our investments align closely with the goals of Saudi Arabia's Vision 2030, fostering strong and natural synergies for long-term value creation,' Bonomi added. The signing ceremony was attended by Prince Sultan bin Khaled, vice chairman of SIC, and Italy's Ambassador to Saudi Arabia, Carlo Baldocci, reflecting the high-level support backing the agreement. The deal further advances SIC's role as a gateway for institutional-grade industrial investment into Saudi Arabia, reinforcing its mandate to help build a globally competitive and resilient manufacturing sector.
Irish Times
04-06-2025
- Business
- Irish Times
Prime industrial and development site in Athlone for €7.3m
A new industrial investment and development opportunity in Athlone, Co Westmeath , has come to the market with a guide price of €7.3 million. Given its location, its strong tenant profile, attractive yield and significant development potential, it may appeal to investors seeking exposure to Ireland's thriving industrial market. The property, which is located on Moydrum Road and is brought to the market by JLL , extends to approximately 10,324sq m (111,000sq ft) and is situated in an established industrial location, just off junction nine on the M6. It is fully let to Heat Merchants on a 10-year lease from June 30th, 2022 with a current passing rent of €450,000 a year. Also of potential interest is an adjoining site, of about 2.3 hectare (5.7 acres), which is available for sale. This presents further opportunities for development. The site is zoned 'employment and enterprise' under the Athlone Town Development Plan 2014 – 2020 (current plan). READ MORE 'The combination of a substantial 111,000 sq ft facility let to an outstanding covenant, and a separate 5.7-acre greenfield-development site, should make this offering particularly attractive in today's market,' says Ollie Lyons of JLL. The outlook for the industrial sector remains positive. A report earlier this year from CBRE cited increased levels of nearshoring, and strong consumer spending, as driving leasing momentum in the sector.
Irish Times
21-05-2025
- Business
- Irish Times
Fully let industrial investment in Dublin 17 for €4.6m
Agent Savills is guiding a price of €4.6 million for an industrial investment at Willsborough Industrial Estate in Clonshaugh, Dublin 17. The subject property, which comprises a detached warehouse of 2,723sq m (29,310sq ft) on a self-contained 2.2-acre site, comes for sale fully let to Gist Distribution Ltd on a four-year lease extension from May 1st, 2023, to April 30th, 2027, on a full repairing and insuring lease, subject to a schedule of condition. The property is currently generating annual rental income of €238,000 exclusive of all other outgoings. The tenant has signed a deed of renunciation waiving their renewal rights at the end of the term. The property is well located within the established Willsborough Industrial Estate, with access provided via the IDA Clonshaugh Business and Technology Park. Other occupiers in the area include BT, SolarSmart Energy, Amazon (AWS), DPD, GXO Logistics and Mail Metrics. [ Ireland's economic ties with US pose notable risks, European Commission warns Opens in new window ] [ Landmark IFSC office block on sale for a 70% cut on 2020 price at €25 million Opens in new window ] Willsborough Industrial Estate is a professionally managed development, offering a secure environment ideally suited to the needs of business. The scheme offers occupiers excellent connectivity and is located just 1.5km north-east of Dublin Port Tunnel, 5km south of Dublin Airport, 3km south-east of the M1/ M50 interchange and just 5km north of Dublin city centre. READ MORE Jarlath Lynn of Savills says: 'Given the highly competitive passing rent, there is scope for significant rental uplift along with future development potential given the site's low density nature. The relatively short residual lease term means it is likely to be of interest to owner occupiers also.'
Jordan Times
20-05-2025
- Business
- Jordan Times
King visits three production factories in Al Muwaqqar Industrial City
His Majesty King Abdullah visits on Thursday three factories in Al Muwaqqar Industrial City that specialise in food products, packaging, and garment manufacturing (Photo courtesy of Royal Court) AMMAN — His Majesty King Abdullah on Tuesday visited three factories in Al Muwaqqar Industrial City that specialise in food products, packaging, and garment manufacturing, and that are creating employment opportunities for Jordanians. His Majesty's first stop was at Al Kbous Group for Industrial Trading and Investment factories, which have been producing tea and coffee for local consumption as well as export since the establishment of the group's Jordan branch in 2013, according to a Royal Court statement. Chairman Hassan Al Kbous and CEO Mamoon Al Kbous gave a briefing about the group's factories, which have a production capacity of 7,200 tonnes and employ around 210 Jordanians. Founded in Yemen, Al Kbous Group has investments in seven countries in the region and globally, and has chosen to increase its industrial investments in Jordan through the establishment of an industrial potato factory and soft drinks factory. According to company officials, the group plans, as part of its expansion, to open new markets for its tea products, 95 per cent of which are exported to more than 32 countries. The King's next visit was to the Quality Carton Packaging (QPack) factory, a local company founded by ZalatimoIndustries in 2005, which employs 225 Jordanians, the statement said. The factory distributes its products to the local market, and exports approximately 7,000 tonnes annually to markets in the Middle East, Europe, North America and Asia. Group Chairman Marwan Zalatimo and CEO Mohammad Zalatimo gave a briefing on the manufacture of packaging for the food, trade, and shipping sectors, which the factory produces at a capacity of 25,000 tonnes per year. His Majesty also visited the Pine Tree Company for Textile Manufacturing factory, where CEO Moath Al Saaida gave a briefing about the company, whose exports exceed $100 million annually. Established in 2014, the Pine Tree Company employs around 600 Jordanians, including 60 industrial engineers, out of a total of 1,730 employees. Jordanians hold 98 per cent of management positions at the factory, which is affiliated with Singaporean sportswear manufacturer Ramatex. Jordan's industrial sector employs more than 250,000 employees, 90 per cent of whom are Jordanian, and attracts foreign investments while providing high-quality products that reach international markets, thereby contributing to economic growth.
