JINGDONG Property has signed an agreement with UAE-based Gargash Prime to establish a joint venture in Dubai. The partners will develop approximately 250,000 square metres of modern logistics facilities serving the Middle East. The deal was finalized at the Dubai Business Forum – China in Shenzhen and aligns with Dubai's Economic Agenda D33.
China-based Fangda Group announced that its 51%-owned joint venture secured a major curtain wall contract for the Prince Mohammed bin Salman Stadium in Saudi Arabia. Valued at 1.147 billion Saudi riyals (approx. 2.05 billion yuan), the contract spans 863 days. The deal accounts for roughly 60.7% of the group's audited total revenue for 2025.
Chinese vehicle manufacturers including BYD, Geely, and Li Auto are expanding dealership networks and distribution partnerships in the UAE and Saudi Arabia. In 2025, electric and plug-in hybrid vehicles represented approximately 9% of new-vehicle sales in the UAE, which accounted for an estimated 42% of the GCC electric vehicle market.
A southbound tugboat was struck by two unidentified projectiles northeast of Khor Fakkan port in the UAE on Sunday, according to the UK Maritime Trade Operations. The vessel sustained damage but continued on its route, with one minor casualty reported. UKMTO advised vessels in the area to transit with caution and report any suspicious activity while authorities investigate.
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