Latest news with #industrialinvestment
Zawya
5 days ago
- Business
- Zawya
Saudi: New regulatory requirements for factories within and outside urban areas
RIYADH — The Ministry of Municipalities and Housing has formulated new regulatory requirements for factories within and outside urban areas. This comes within the ministry's efforts to improve the industrial investment environment and raise the level of compliance. It also aims to make available suitable and safe locations that align with urban development plans across the Kingdom. The ministry clarified that the requirements cover all types of factories, whether located within urban areas as well as within in support service areas, or within approved plans for industrial use. The ministry explained that issuing a license requires a valid commercial registration, industrial license from the Ministry of Industry and Mineral Resources, environmental permit from the National Center for Environmental Compliance, and approval from Civil Defense, in accordance with fire protection and building safety requirements. The ministry explained that the requirements include specific spatial controls, most notably that the site shall be within areas designated for industrial or commercial use, and that its area shall be no less than 300 square meters and no more than 600 square meters. The ministry stipulated that there should be parking lots for trucks and vehicles, and designated loading and unloading areas. It also required an approved engineering design that outlines tracks for movement of trucks and pedestrians, entrances and exits, and control points. The ministry emphasized that the technical and architectural requirements mandate investors to comply with the Saudi Building Code, using fire-resistant materials, provision of ventilation, air conditioning, alarm, and fire-fighting systems, provision of accessible paths for people with disabilities, and adherence to the design of facades in accordance with the urban code or approved design guidelines. The ministry emphasized the need to adhere to operational requirements, which include installation of security surveillance cameras, placement of internal signage, provision of electronic payment methods in the presence of sales outlets, and prohibition of operating outside the boundaries of the licensed site or after the expiration of license. It also emphasized the display of a unified electronic code (QR) associated with the license data, ensuring transparency and ease of verification. The ministry pointed out that the requirements stipulate the separation of primary and secondary activities, implementation of waste management mechanisms, and standards for public hygiene and periodic maintenance. It noted that municipal authorities monitor the implementation of these requirements on the ground and enforce the municipal penalties listed on violating facilities. This is part of improving the quality of industrial activities, enhancing compliance, and creating a safe and organized environment that supports the goals of Saudi Vision 2030. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Argaam
5 days ago
- Business
- Argaam
MOMAH OKs new rules for factories inside, outside urban zones
The Ministry of Municipalities and Housing (MOMAH) approved new regulatory requirements for factories both inside and outside urban areas, as part of efforts to improve the industrial investment environment, enhance compliance, and provide safe, well-planned locations in line with urban development strategies across the Kingdom. he ministry stated that the requirements apply to all types of factories—whether within urban boundaries, in service support areas, or in approved industrial-use zones. To obtain a license, factories must hold a valid commercial registration, an industrial license from the Ministry of Industry and Mineral Resources, an environmental permit from the National Center for Environmental Compliance (NCEC), and Civil Defense approval in line with fire safety and building regulations. According to the ministry, as reported by the Saudi Press Agency (SPA), the requirements set out specific location criteria. Sites must be within designated industrial or commercial areas, range in size from 300 to 600 square meters, comply with regulatory setbacks, and provide parking for trucks and vehicles, as well as designated loading and unloading areas. An approved engineering design showing truck and pedestrian movement, entrances, exits, and inspection points must also be submitted. Technical and architectural requirements oblige investors to comply with the Saudi Building Code, use fire-resistant materials in finishes, and install ventilation, air-conditioning, fire alarm, and firefighting systems. Facilities must also include accessible pathways for people with disabilities, and façades must meet the urban code or approved design guidelines. Operational requirements include installing security cameras, placing internal signage, offering electronic payment options for retail outlets, refraining from operating outside licensed premises or after license expiry, and displaying a unified QR code linked to licensing data for transparency and verification. The regulations also require separation between primary and secondary activities, the implementation of waste management systems, and adherence to cleanliness and regular maintenance standards. The ministry confirmed that municipal authorities will conduct on-site inspections and enforce the municipal penalties regulation for violations, aiming to improve the quality of industrial activities, strengthen compliance, and create a safe, organized environment that supports Saudi Vision 2030 objectives. In June, the Ministry of Industry and Mineral Resources issued requirements for conducting industrial activities outside designated zones. This followed the work of a central committee—formed by Cabinet decision in January 2024 and chaired by the ministry with the participation of seven government entities, including MOMAH —tasked with addressing the status of factories located outside approved industrial lands. It aims at regulating industrial activities, encouraging investment, and promoting sustainable industrial development in the Kingdom.
Times of Oman
02-07-2025
- Business
- Times of Oman
Al Mudhaibi Industrial City signs two investment agreements worth OMR5.75 million
Al Mudhaibi,: Al Mudhaibi Industrial City, an affiliate of the Public Establishment for Industrial Estates (Madayn), signed two investment agreements to localise six factories with a total investment of OMR5.75 million, covering an area of more than 21,000 sqm. The signing ceremony was held in the presence of Mahmoud Yahya Al Dhuhli, Governor of North Al Sharqiyah and Eng. Dawood Salim Al Hadabi, CEO of Madayn, alongside several officials from the public and private sectors. The first agreement, signed with Global Prime Matter SPC, incorporates establishment of four factories specialising in electrical materials, electronics, home furniture, and cold storage supplies, with an investment of OMR5 million on a 14,538 sqm area. The second agreement, with Middle East Livestock Company, involves setting up an automated poultry slaughterhouse and a disinfectants factory, with an investment exceeding OMR750,000 over an area of more than 7,000 sqm. Eng. Said Khalfan Al Shabibi, Acting Director General of Al Mudhaibi Industrial City, stated that a total of five industrial projects were successfully localised in the last quarter of 2024, with a total investment of OMR5.8 million. This follows the official announcement in October last year inviting investment applications in Al Mudhaibi Industrial City, bringing the total investment in the city to date to approximately OMR11.6 million on an area of 75,000 sqm. He further noted that the tender for implementing Phase 1 of Al Mudhaibi Industrial city is expected to be awarded early next quarter. The scope includes the construction of internal roads, utility networks (electricity, water, internet, and sewage), fencing and main gates, a facility building, offices, and Madayn's Entrepreneurial and Agricultural Complexes. Al Mudhaibi Industrial City is one of the latest cities being developed by Madayn, extending over 9 million sqm, with Phase 1 covering about 1.5 million sqm. The city enjoys a strategic location near the main highway connecting the Special Economic Zone at Duqm with the Sultanate of Oman's key ports and border crossings. The city is a key component of the national strategic projects in North Al Sharqiyah Governorate and aligns with Madayn Vision 2040 in establishing world-class business cities in partnership with the private sector and in line with the objectives of Oman Vision 2040.
Arab News
17-06-2025
- Business
- Arab News
SIC, Investindustrial forge alliance to drive Saudi industrial expansion
RIYADH: SIDF Investment Co., the financial arm of the Saudi Industrial Development Fund, has entered into a strategic partnership with European private equity firm Investindustrial, marking its first international private equity commitment. The agreement is aimed at catalyzing new industrial investments in the Kingdom by localizing advanced manufacturing and integrating Saudi small and medium-sized enterprises into Investindustrial's global value chains. The partnership is a significant milestone for SIC as it broadens its international engagement and supports Saudi Arabia's Vision 2030 objectives. These include attracting institutional capital, localizing industrial expertise, and contributing to the National Industrial Strategy, which targets increasing the number of factories to 36,000 by 2035. The announcement follows a previous agreement in March between SIC and Ashmore Investment Saudi Arabia to launch a private closed-end industrial fund. The SR400 million ($106.6 million) initiative — the first of its kind in the Kingdom — is managed by a global asset manager and aims to support a wide array of industrial assets. That move laid the foundation for SIC's private equity strategy to stimulate domestic investment and expand global partnerships. 'This agreement represents a new chapter for SIC,' said Fahad Al-Naeem, CEO of SIC. 'By partnering with Investindustrial, we're bridging global reach, operational depth, and industry specialization into our ecosystem, positioning Saudi Arabia as the platform for regional and international manufacturing growth.' The targeted sectors include machinery and equipment, automation, medical devices, and sustainable consumer products, with an emphasis on local value creation and industrial innovation. This move comes as the Kingdom ramps up efforts to strengthen its industrial base and draw international investment into strategic sectors. In April, Saudi Arabia's Industrial Production Index rose 3.1 percent year on year, led by gains in manufacturing and mining. Manufacturing activity alone climbed 7.4 percent annually, with a 0.5 percent uptick month on month. Adding to this momentum, the government launched the Standard Incentives for the Industrial Sector program in May, offering up to 35 percent financing on initial capital expenditure per project, capped at SR50 million. The initiative supports facility development and operations over a seven-year term. 'SIC will utilize its local market expertise to pave the way for global manufacturers to establish a footprint in Saudi Arabia and connect with international supply chains, benefiting from the Kingdom's competitive position,' Al-Naeem added. Investindustrial, which has raised €17 billion and operates across eight global offices, focuses on mid-market companies with a mission to drive sustainable value creation and support global expansion. 'The Kingdom of Saudi Arabia has emerged as a key strategic growth region for Investindustrial's portfolio companies,' said Andrea Bonomi, chairman of Investindustrial. 'Many of our investments align closely with the goals of Saudi Arabia's Vision 2030, fostering strong and natural synergies for long-term value creation,' Bonomi added. The signing ceremony was attended by Prince Sultan bin Khaled, vice chairman of SIC, and Italy's Ambassador to Saudi Arabia, Carlo Baldocci, reflecting the high-level support backing the agreement. The deal further advances SIC's role as a gateway for institutional-grade industrial investment into Saudi Arabia, reinforcing its mandate to help build a globally competitive and resilient manufacturing sector.
Irish Times
04-06-2025
- Business
- Irish Times
Prime industrial and development site in Athlone for €7.3m
A new industrial investment and development opportunity in Athlone, Co Westmeath , has come to the market with a guide price of €7.3 million. Given its location, its strong tenant profile, attractive yield and significant development potential, it may appeal to investors seeking exposure to Ireland's thriving industrial market. The property, which is located on Moydrum Road and is brought to the market by JLL , extends to approximately 10,324sq m (111,000sq ft) and is situated in an established industrial location, just off junction nine on the M6. It is fully let to Heat Merchants on a 10-year lease from June 30th, 2022 with a current passing rent of €450,000 a year. Also of potential interest is an adjoining site, of about 2.3 hectare (5.7 acres), which is available for sale. This presents further opportunities for development. The site is zoned 'employment and enterprise' under the Athlone Town Development Plan 2014 – 2020 (current plan). READ MORE 'The combination of a substantial 111,000 sq ft facility let to an outstanding covenant, and a separate 5.7-acre greenfield-development site, should make this offering particularly attractive in today's market,' says Ollie Lyons of JLL. The outlook for the industrial sector remains positive. A report earlier this year from CBRE cited increased levels of nearshoring, and strong consumer spending, as driving leasing momentum in the sector.
