These industrial agreements are expected to create approximately 13,000 job opportunities in partnering countries
agreement
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Saudi-owned Raimondi Cranes appoints agent in New Zealand
Raimondi Cranes, an Italian equipment manufacturer owned by Saudi Arabia’s KBW Investments, has appointed Heavy Lift Designs as its official agent in New Zealand
Posted inMaintenance
Al-Futtaim Motors inks service, spare parts deal with Saaed
Under the terms of the agreement, Al-Futtaim Motors will conduct all service and spare parts activities for Saaed’s fleet of Toyota vehicles
Posted inMachinery
Saudi: Trane, Dallah to build HVAC plant in KAEC
Trane and Dallah have signed a joint-venture agreement that will involve the development of a production facility in King Abdullah Economic City, Saudi Arabia
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HHI and CNH Industrial ink mini-excavator deal
South Korea’s Hyundai Heavy Industries has signed a 10-year strategic alliance to supply 14 mini-excavator models that will be marketed by Italy’s CNH Industrial
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LiuGong and Cummins renew service, parts agreement
LiuGong and Cummins latest service and parts deal optimises the list of engines and territories covered by the agreement, as well as the parts supply chain
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Etihad Rail and CEVA Logistics pen MoU
CEVA Logistics has partnered with Etihad Rail in a bid to secure a more cost-effective and reliable mode of transport for its UAE operations
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China and UK to develop floating nuclear reactor
The Nuclear Power Institute of China (NPIC) and Lloyd’s Register Energy have signed a framework agreement to develop China’s first floating vessel to contain a small modular reactor (SMR)
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Dubai Municipality to use locally produced biofuel
Neutral Fuels has penned an agreement with Dubai Municipality to supply locally produced biodiesel for municipal vehicles
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Bridgestone appoints first-ever Iraqi distributor
Zantrak International is to become Bridgestone’s first sole distributor for the Iraqi market as part of plans to boost regional sales