The Saudi Arabian Oil Company (Aramco) has announced a major expansion of its Namaat industrial investment programmes, with 55 agreements and MoUs across the sustainability, digital, industrial, manufacturing and social innovation sectors. Namaat, which has grown from 32 to 55 investments since last year, supports industrial investment partnerships, helping to create jobs for Saudis and contributing to national growth and capacity building.

Ahmad Al-Sa’adi, Aramco senior vice president of technical services, says: “Namaat enables Aramco to be a catalyst for change across the Kingdom’s economy, while maintaining our reliability as a global energy supplier at a time of market uncertainty. Our collaboration with industry leaders in areas of strategic importance for the Kingdom, demonstrates how Aramco is creating national champions that will bring long-term benefits to our value chain, economy and people.”
For further information www.aramco.com

Abu Dhabi National Oil Company (ADNOC) has identified AED70bn ($19bn) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, ADNOC signed agreements for local manufacturing opportunities worth AED21bn ($5.7n) with UAE and international companies at the recent ‘Make it in the Emirates Forum’ in Abu Dhabi.

The agreements will see the companies set up and expand manufacturing facilities in the UAE as well as jointly explore with ADNOC the potential for new investments in local manufacturing. These opportunities comprise of over 100 products, which ADNOC aims to purchase between 2022 and 2030. ADNOC is inviting the private sector to take advantage of this pipeline and invest in the UAE’s manufacturing sector to produce the products locally.
For further information www.adnoc.ae

A world-class industrial consortium composed of EIT InnoEnergy, Engie New Ventures, Plug, FORVIA, GROUPE IDEC and Primetals Technologies, have launched GravitHy – a future market leader in green iron. The sustainable iron company will support growing demand for zero-carbon steel, while contributing to Europe’s ‘Fit for 55’ package ambitions to decarbonise hard-to-abate industries. The founding shareholders of GravitHy plan to build, own and operate its first green iron plant in Fos sur Mer, France, mobilising €2.2bn worth of initial investment and creating over 3000 jobs in the process. Construction will commence in 2024 with production beginning in 2027.
For further information www.gravithy.eu

A major new order by Spain to expand its frontline fleet with 20 new Eurofighter Typhoons underlines the importance of this aircraft’s role as the backbone of European defence. The announcement, which was made at the recent ILA Berlin International Air Show, will see the number of Typhoon aircraft in Europe increase to 545, delivered or on order. BAE Systems leads the overall design, development, manufacture, upgrade and support for Typhoon aircraft in the UK. The company is responsible for manufacturing more than a third of the components for every Spanish aircraft, including the aircraft’s front fuselage and tail, under a contract worth in excess of £500m.
For further information www.baesystems.com