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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: Billionaires.Africa

China’s Sinohydro and Elsewedy Win $2.2 Billion Saudi Gas Power Plant Contract

A joint venture between China's Sinohydro and Egypt's Elsewedy Electric has secured a $2.2 billion EPC contract for a 2.3-gigawatt gas-fired power plant in Saudi Arabia. The Rabigh 2 IPP expansion facility is backed by ACWA Power and Saudi Energy, with commercial operations planned for May 2029. Financing includes $2.58 billion in long-term debt backed by 14 lenders, including the Industrial and Commercial Bank of China.

China–UAE News
Source: Gulf Construction

BI Group Partners with CITIC Contracting for Dubai Meydan Horizon Projects

Kazakhstan-headquartered developer BI Group has entered into an agreement with CITIC Middle East Contracting, the UAE subsidiary of China's CITIC Construction Co. The partnership establishes a framework for CITIC's proposed appointment as main contractor for three upcoming real estate projects in Dubai's Meydan Horizon. CITIC will also provide early-stage design support, value engineering, and construction coordination.

Industry News
Source: TradeArabia

Dalipal Signs Land Lease for $2.1B Energy Equipment Facility in Saudi SPARK

Chinese manufacturer Dalipal Holdings has signed a 25-year land lease with King Salman Energy Park in Saudi Arabia. The company plans an overall investment ambition of approximately $2.1 billion to build a smart manufacturing facility for energy equipment. The site will produce seamless steel pipes, oil country tubular goods, and hydrogen transmission pipelines.

China–UAE News
Source: Emirates News Agency

UAE and China Hold High-Level Talks to Strengthen Strategic and Economic Cooperation

UAE Presidential Special Envoy Khaldoon Khalifa Al Mubarak met Chinese Foreign Minister Wang Yi in Beijing on October 13, 2026. The officials reviewed bilateral economic ties and agreed to expand cooperation in trade, investment, industrial development, and advanced technologies. The meeting was also attended by UAE Ambassador to China Hussain bin Ibrahim Al Hammadi alongside senior officials.

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