Author: Arabian Media staff
Image: IHC/ X International Holding Company (IHC) said on Thursday it has sold its entire 42.54 per cent stake in Modon Holding to L’imad Holding Company, a wholly owned entity of the Abu Dhabi government, as part of efforts to rebalance its portfolio and reinforce diversification. The transaction forms part of IHC’s active portfolio management strategy, which limits exposure to any single sector to below 20 per cent. The company said the sale will unlock additional liquidity to reinvest in priority sectors such as healthcare, technology, energy, food and agriculture, and financial services. Modon brought in robust revenues in 2024,…
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Images: Supplied The Hong Kong Science and Technology Parks Corporation (HKSTP) has been a key driver of Asia’s innovation ecosystem for over two decades. Located on the Tolo Harbour waterfront in Pak Shek Kok, the 400,000-square-metre campus provides a vibrant environment where science and technology companies can innovate and grow, supported by state-of-the-art R&D facilities, market-led laboratories, and other amenities that create a live-work-play ecosystem. HKSTP serves as a magnetic hub for the world’s brightest innovators and most ambitious capital, powering a dynamic ecosystem of nearly 25,000 working population. This is where students evolve into startup founders, and successful alumni…
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Image: Dubai Media Office Intelligent power management company Eaton has announced the start of construction on the first phase of its 36,000-square-meter sustainable facility for advanced manufacturing, engineering, and training in Dubai, UAE, in partnership with Jebel Ali Free Zone (Jafza) — the flagship free zone of DP World. The milestone marks a major investment that reinforces Dubai’s D33 strategy and its ambition to become a global hub for high-tech manufacturing and innovation. The new multi-million-dollar facility will create over 700 jobs, including high-skilled positions in research, engineering, and advanced manufacturing, to meet growing customer demand across Europe, the Middle…