Middle East Investment

Deals/Contracts/Partnerships

• 1

  Innovate Life Sciences Lab and Wipro open genomics testing lab at Dubai Science Park. It will develop affordable technologies that use artificial intelligence and machine learning to analyse genetic data.

  Q1(Jan-Feb-Mar), 2023

• 2

  Accenture wins mega digital consulting contract with Saudi Aramco which is planning to invest $1.9 billion in digital transformation over the next three years, making it its biggest investment in digital to date.

  Q1(Jan-Feb-Mar), 2023

EIIR Provider Solutions/Capabalities

• 1

  Emirates Global Aluminium (EGA) and Microsoft UAE today announced they are to collaborate on Industry 4.0

  Q1(Jan-Feb-Mar), 2023

• 2

  Globant restructures to focus on ? Asia-Pacific and the Middle East with the creation of a new, fully dedicated regional unit called ?New Markets.

  Q4(Oct-Nov-Dec), 2022

• 3

  Tech Mahindra sign the MoU for our Global Delivery Center in Cairo, Egypt. It plans to add over 1,000 employees in Egypt within the next three years.

  Q4(Oct-Nov-Dec), 2022

• 4

  Atos opens New Global Delivery Center in Cairo

  Q4(Oct-Nov-Dec), 2022

• 5

  Morocco?s industry and trade ministry signed $8 million MoU with AVL. This will enable AVL to boost its outsourcing activities in Morocco and create 500 jobs.

  Q4(Oct-Nov-Dec), 2022

• 6

  GEP announced the opening of a new office in Abu Dhabi. The firm?s newest office provides a full range of procurement and supply chain consulting, services and the industry?s leading procurement software platform.

  Q3(Jul-Aug-Sep), 2022

• 7

  Tech Mahindra inaugurated an Innovation and Technology Development Centre in Muscat, Sultanate of Oman, catering to the Telecom, Oil and Gas, BFSI, Energy & Utilities and Public Sector by leveraging AI, Big Data & Analytics, Cloud and 5G technologies.

  Q2(Apr-May-Jun), 2022

• 8

  JAGGAER Opens Office in Riyadh to Support Saudi 2030 Vision

  Q1(Jan-Feb-Mar), 2022

EIIR Buyer GIC/R&D Best Practices/Solutions

• 1

  Dubai Internet City will house Intel?s newest Artificial Intelligence R&D centre, the first of its kind in the GCC. This will help advance the capabilities of Intel?s leading AI software solutions.

  Q4(Oct-Nov-Dec), 2022

• 2

  Siemens Energy AG will set up its Middle East Innovation Centre in Abu Dhabi in partnership with the Abu Dhabi Investment Office (ADIO) to accelerate the journey to net zero in the UAE and globally.

  Q4(Oct-Nov-Dec), 2022

• 3

  Ceer, the first Saudi electric vehicle brand, is launched. It is a JV between Saudi Public Investment Fund (PIF) and Foxconn.

  Q4(Oct-Nov-Dec), 2022

• 4

  Israel?s fintech Liquidity Group to establish R&D center in Abu Dhabi, the first Israeli company to do so. The company?s R&D center will focus on developing its Machine Learning-enabled LendTech solutions for its underwriting business. It will also build

  Q4(Oct-Nov-Dec), 2022

• 5

  Johnson Controls inaugurated its YORK Manufacturing Complex in Saudi Arabia. This is also the largest in Africa, South Asia, Latin America and Europe. In addition, it is the company?s only factory equipped with its Open Blue research and development cente

  Q4(Oct-Nov-Dec), 2022

• 6

  Chinese EV startup Enovate to assemble EVs in Saudi Arabia. Plans for 100,000 unit assembly plant. JV?s US$500m cost would also include an R&D centre.

  Q4(Oct-Nov-Dec), 2022

• 7

  UAVOS Inc., a developer and manufacturer of advanced Unmanned Systems, has announced the establishment of a subsidiary in Dubai, U.A.E., to support the company?s growing regional presence. The primary focus will be on strengthening UAVOS?s existing partnerships in the country and collaborating with the local companies to be engaged in domestic R&D projects.

  Q3(Jul-Aug-Sep), 2022

• 8

  Bengaluru-based edtech unicorn BYJU?S and Qatar Investment Authority (QIA) have partnered to launch a new edtech business and R&D centre in Doha, Qatar.

  Q1(Jan-Feb-Mar), 2022

• 9

  Firmenich, the world?s largest privately owned perfume and taste company, inaugurated new regional headquarters, R&D center at Dubai Science Park.

  Q1(Jan-Feb-Mar), 2022

Other News

• 1

  Hyundai has agreed to help nurture Saudi Arabia?s nascent automotive industry. They signed a MOU to advance automotive production in the kingdom.

  Q1(Jan-Feb-Mar), 2023

• 2

  Mitsubishi Fuso announced that local assembly of its Canter light truck had begun at a facility operated by National Automobile Industries, a joint venture between local distributor Juffali Commercial Vehicles and Daimler Truck in Saudi Arabia.

  Q1(Jan-Feb-Mar), 2023

• 3

  Prometeon Tyre Group (PTG) has announced a ?30-million investment project at its tire plant in Alexandria, Egypt, with the aim of meeting local demand and enhancing safety.

  Q1(Jan-Feb-Mar), 2023

• 4

  Collins Aerospace signs MoU with Saudi Arabian firm SRB Aerial Systems to support development of unmanned aerial systems and robotics in Saudi Arabia.

  Q1(Jan-Feb-Mar), 2023

• 5

  EDGE and BAE Systems to explore co-creation opportunities across the UAE's defence industry

  Q1(Jan-Feb-Mar), 2023

• 6

  Collins Aerospace signs MoU with Saudi Arabian firm SRB Aerial Systems to support development of unmanned aerial systems and robotics in Saudi Arabia.

  Q1(Jan-Feb-Mar), 2023

• 7

  EDGE and BAE Systems to explore co-creation opportunities across the UAE's defence industry

  Q1(Jan-Feb-Mar), 2023

• 8

  Saudi Arabia launches new airline ?Riyadh Air?, aims to connect 100 destinations. The airline is expected to add USD 20 billion to non-oil GDP growth and create more than 200,000 direct and indirect jobs.

  Q1(Jan-Feb-Mar), 2023

• 9

  New Saudi Arabian Carrier Riyadh Air to Launch with All-Boeing Fleet of up to 72 787-9 Dreamliners

  Q1(Jan-Feb-Mar), 2023

• 10

  Hyundai Motor Group to Collaborate with Aramco and KAUST on New E-fuel Development to Support Clean Mobility

  Q1(Jan-Feb-Mar), 2022

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