News

April 18, 2022

Under the patronage of HRH Minister of Energy, Dussur Company signs 5 industrial investment agreements in 5 growing sectors

Riyadh – March 29th, 2022 Under the patronage of HRH Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, the Saudi Arabian Industrial Investments Company (Dussur), owned by the Public Investment Fund, Saudi Aramco, and the Saudi Basic Industries Corporation (SABIC), announced the signing of four JV agreements with global partners, comprises the establishment of […]

January 19, 2022

Dussur, Saudi Aramco, and Doosan announce the establishment of Tuwaiq Casting & Forging Company in Saudi Arabia

First-of-its-kind facility in the region to offer both sand-casting and open die forging processes (complemented by machining facilities) The facility is expected to have an annual production capability of 60,000 tons The facility is expected to create approximately 1,400 direct jobs The facility is anticipated to be operational in the first quarter of 2025 Riyadh […]

December 4, 2021

DUSSUR, SAMI, AND FIGEAC AÉRO LAUNCH JOINT VENTURE TO MANUFACTURE AEROSTRUCTURE COMPONENTS

Jeddah, 4 December 2021: The Saudi Arabian Industrial Investments Company (Dussur) today signed a joint venture with the Saudi Arabian Military Industries (SAMI), and France’s FIGEAC AÉRO Group, announcing the establishment of SAMI FIGEAC AÉRO Manufacturing LLC, the announcement was made during the Saudi-French Investment Forum held on the sidelines of the visit of the […]

July 9, 2019

Dussur, Saudi Aramco and Hyundai Heavy Industries Launch Marine Engine Manufacturing and Supply Joint Venture

The Saudi Arabian Industrial Investments Company (Dussur), Saudi Aramco, and Hyundai Heavy Industries (HHI) have signed a joint venture to manufacture 2-stroke and 4-stroke marine and Electric Power Plants (EPP) engines, as well as marine pumps. The manufacturing facility will be located at Ras AlKhair in the Kingdom’s Eastern Province. The venture, which will establish […]

April 10, 2019

Dussur Appoints Dr. Raed Nasser AlRayes Chief Executive Officer

Riyadh – April 8, 2019: Dussur, a strategic joint venture of the Public Investment Fund (PIF), Saudi Aramco and SABIC, announced today the appointment of Dr. Raed AlRayes as its new Chief Executive Officer with effect from April 1st, 2019. Dr. AlRayes has a proven track record of accomplishments in different professional capacities spanning nearly […]

January 30, 2019

Dussur continues to drive further realization of the Kingdom’s industrialization vision

Dussur, the Saudi Arabian Industrial Investments Company, has continued its industrialization push by signing MoUs with leading regional and international institutions in the Automotive, Chemicals and Industrial Metals sectors. HRH Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, attended the launch event of the National Industrial Development and Logistics Program (NIDLP) […]

January 12, 2018

KSA Participates in Abu Dhabi’s Week for Sustainability 2018

Riyadh, Rabi’II 25, 1439, January 12, 2018, SPA — The Kingdom of Saudi Arabia, represented by the Ministry of Energy, Industry and Mineral Resources will participate with 14 Saudi sectors in the fields of energy, industry and electricity in an interactive pavilion at the Abu Dhabi week for Sustainability 2018, to be begun tomorrow and […]

July 6, 2017

Saudi Aramco, Dussur, Hyundai sign MoU for engine manufacturing project

JEDDAH: Saudi Aramco, the Saudi Arabian Industrial Investments Company (Dussur) and Hyundai Heavy Industries (HHI) on Wednesday announced the launch of a joint venture to manufacture 2-stroke and 4-stroke engines and marine pumps. A memorandum of understanding (MoU), in this regard, has been signed, which lays out a comprehensive cooperation framework for the joint venture […]

May 24, 2017

Dussur and GE sign power sector joint venture worth more than SAR 1 billion

*In line with Saudi Vision 2030, Dussur and GE support Saudi Arabia’s growing industrial sector *Dussur and GE partner to localize the manufacturing of gas turbines in Dammam Riyadh, Saudi Arabia; May 24, 2017: Dussur (formerly operating under the name Saudi Arabian Industrial Investments Company) and GE (NYSE: GE) have signed a joint venture agreement […]

May 23, 2016

DUSSUR and GE sign MoU for US$3 (SAR11.25) billion joint investments to expand localized manufacturing in Saudi Arabia

*Roll-out of over US$1 billion joint investments over the next year followed by potential investment of US$2 billion in energy, aviation, digital and other sectors from 2017 *Projects to contribute to transformation of Saudi economy through industrial diversification, value chain localization, strengthening private sector and SME investment and creating quality jobs for Saudi nationals Jeddah, […]