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Industry News

Explore the industries creating new opportunities for cooperation across both markets.

Each industry contains news, briefs, research and interviews.

Industry News
Source: Eye of Riyadh

ACWA Power Explores 4.5GW Mongolian Renewable Project for Power Exports to China

Saudi utility developer ACWA Power has signed a cooperation memorandum with Mongolia's Sun Step Power to assess a renewable energy venture targeting power exports to China. The initiative outlines a target generation capacity of 4.5GW alongside a 500MWh battery storage system. The agreement includes evaluating the development of wind, solar, and cross-border electricity transmission infrastructure.

Industry News
Source: MENAFN

Dalipal Holdings Inks Deal for US$600 Million Facility at Saudi SPARK

Hong Kong-listed Dalipal Holdings finalized a 25-year lease for a 1,030,916-square-meter site at King Salman Energy Park in Saudi Arabia. The agreement initiates Phase 1 of an energy equipment base with approximately $600 million in committed capital expenditure toward a planned $2.1 billion total investment. The plant will produce seamless steel pipes, OCTG, and hydrogen pipelines to serve the Gulf and Middle East.

Industry News
Source: Almahriah Net

China Launches Direct Shipping Line Linking Taicang Port and Saudi Jeddah Port

China has inaugurated a direct maritime cargo route connecting Jiangsu province's Port of Taicang with Saudi Arabia's Jeddah Islamic Port. The dedicated service bypasses intermediate transshipment hubs, saving two to three weeks of transit time. Bilateral trade between the two countries reached $108.2 billion in 2025, alongside significant crude oil shipments.

China–UAE News
Source: TradingView

BI Group UAE Signs MoU With China’s CITIC for Three Dubai Projects

BI Group UAE has signed a memorandum of understanding with CITIC Middle East Contracting, a UAE subsidiary of China's CITIC Construction Co. The agreement outlines CITIC's proposed role as main contractor for three real estate projects in Dubai's Meydan Horizon. CITIC will participate in early-stage design, planning, value engineering, and site coordination.

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