Dussur, Saudi Aramco Development Company (Mukamala) and Hyundai Heavy Industries (HHI) signed a joint venture agreement in July 2019 ... to establish the first marine engine manufacturing facility (Makeen) in the MENA region. Mukamala is set to own 55% of its shares, Dussur will own 15%, and HHI (through Korea Shipbuilding & Offshore Engineering) will own 30%. (Makeen) was incorporated in November 2020, and initial equity was injected in early 2021. Once fully operational (Makeen) will create over 720 jobs, facilitating the transfer of technical knowledge and industry knowhow to Saudi Arabia. The company will manufacture 2-stroke and 4-stroke marine and electric power plant (EPP) engines, as well as marine pumps that power vessels, auxiliary equipment, generators, and propulsion systems. The engines manufactured will also be used in commercial vessels propulsion, electrical power generation, cargo oil pumps, and offshore rig pumps. Located at Ras AlKhair in the Kingdom’s Eastern Province, the manufacturing facility will benefit from the Kingdom’s strategic geographic location at the crossroads of important international trade routes between three continents. (Makeen) is another step to cement the Kingdom’s position as a unique regional logistical hub for global seaborn trade. It is planned that the commercial operation will begin place in the first quarter of the year 2025. For more information, visit this link

Elessent Clean Technologies (ECT), a consortium between Dussur, BroadPeak Global LP (BroadPeak) and Asia Green Fund (ACT), acquired 100% of ... DuPont Clean Technologies in 2021. This acquisition is Dussur's first international possession in the field of specialty chemicals and is valued at US$ 527 million. Elessent Clean Technologies (ECT) has been a global leader in sulfuric acid, alkylation, and wet gas purification processes since its foundation in 1925, when it began manufacturing sulfuric acid catalyst. The company offers a comprehensive array of after-sales services and solutions and has more than 300 workers in eighteen countries and four global regions. Strong cooperation partnerships exist between Elessent Clean Technologies (ECT) and major industry sectors in the Kingdom of Saudi Arabia. With Dussur's assistance, the company will be able to expand its operations throughout the Middle East and the rest of the world.

NAMI was established in partnership between Dussur and 3D Systems, with the aim of establishing a center for innovation and 3D printing,... which is the first of its kind in the Kingdom. The Service Bureau will provide on demand printing services, consulting, design, reverse engineering and other post-processing services. The joint venture targets to serve the industrial, medical and defense sectors in the Kingdom, the Middle East and North Africa. The support of the Eco-System in Kingdom has paved the way for this opportunity due to Vision 2030's pathway to the future which promotes digital transformation and innovation as part of industry 4.0. It also contributes to the Kingdom’s manufacturing agility, self-reliance, and security of supply by establishing a digital inventory for critical or discontinued parts with the ability to print them swiftly with significant lead time reduction. With the support of 3D Systems world class know-how, NAMI has developed unique engineering and design capabilities for the jobs of the future. It is worth noting that the project is expected to provide more than 340 direct jobs with a Saudization rate of up to 80% by 2030. The center is located within the industrial area of King Khalid Airport in Riyadh, to capitalize on its centralized logistical location to facilitate the flow of deliveries and meet customer needs with speed and efficiency.

SAMI FIGEAC Aero Manufacturing (SFAM) was established in 2021 in the Kingdom of Saudi Arabia in partnership with Saudi Arabian Military Industries (SAMI) and ... Figeac Aero Group (FIGEAC AERO), with the purpose of constructing a high precision manufacturing facility in the Kingdom of Saudi Arabia for the production of aircraft structural components. In addition to training Saudi engineers and technicians to work on this project and promoting the localization of the military and civil aviation industries in accordance with the Kingdom's Vision 2030, the joint venture will focus on manufacturing and processing light alloys (aluminum) and hard metals (titanium) for aircraft components as its primary products. With a Saudization rate of up to 90%, the project is estimated to create more than 100 direct jobs. The manufacturing facility is located within the Aircraft Complementary Equipment Company Limited (AACC) in Jeddah; (AACC) is a subsidiary of the Saudi Arabian Military Industries Company. The project will benefit from the incorporation of AACC production methods and capabilities. In collaboration with FIGEAC AERO, several parts have been selected manufactured in SFAM facility to be used for global OEMs.

STS project is a strategic partnership between the Korean company (SeAH) and Dussur, with an investment of 1,013.3 million Saudi Riyal (US$ 271 million)  ...to establish the first factory in the MENA region in the King Salman Energy City (SPARK); For the manufacture of seamless stainless-steel pipes and tubes with sizes ranging from 3 to 10 inches, which are distinguished by their ability to withstand high pressure, anti corrosion, and longer life than other tubes. The project's significance is in drawing worldwide knowledge and localizing the fabrication of these pipes, which are utilized in a variety of industries in the Kingdom, including the oil and gas sector, the petrochemical sector, and the water sector, among others. This relationship will result in the transfer and localization of industrial expertise, the establishment will create 230 employment opportunities for the citizens of the Kingdom, and the reduction of import reliance in the Kingdom's fundamental sectors. It is anticipated that production will commence by the end of 2024.

In partnership with the American company (Baker Hughes), and with an investment of 528.8 million Saudi Riyals (US$ 141 million) Dussur signed an agreement to ...construct an industrial facility with an annual production capacity of 30,000 metric tons, for the production of chemicals used in the processes of manufacturing extracted oil and water treatment, where the project will be one of the first in the Kingdom to provide chemical reaction technology, to produce products that are considered the first of their kind in the Kingdom of Saudi Arabia. Dussur invested in Baker Petrolite Saudi Company Limited (BPSCL) and increased its work scope from mixing materials to integrated industry by localizing the chemical reaction industry in order to develop and implement this project. This will contribute to taking advantage of the petrochemical resources available in the Kingdom of Saudi Arabia, reducing the time required to meet the demand and needs of oil and gas companies, petrochemical companies, and others in the Kingdom and neighboring countries, as well as transferring knowledge and creating 60 employment opportunities in Saudi Arabia. It is anticipated that production will commence in the fourth quarter of 2022.

In July of 2020, Dussur, Doosan Corporation, and Saudi Aramco (Mukamala) came into a partnership agreement to ...develop Twuaig Casting & Forging Company LLC in Ras AlKhair, Eastern Province, Kingdom of Saudi Arabia with an investment Size of 940 million US$. With a State of the art facility, the factory produces its products using sand mold casting and open-mold forging. The factory aims to produce 60,000 tons per year, the majority of which will be supplied to local and foreign businesses in the oil and gas sector and other industries.  In addition to providing drilling rigs and drilling equipment, this joint venture will also service the marine and engine industries. With the creation of 1,400 direct jobs, it's expected that this project would contribute in the attainment of the localization targets set forth by the many programs and initiatives aimed at increasing the amount of locally produced products. It is planned that the commercial operation will begin place in the first quarter of the year 2025.

Dussur has acquired a minority interest of Italmatch Chemicals company, a leading specialty chemicals company headquartered in Italy. Italmatch Chemicals, best known for... its manufacturing of advanced performance-enhancing additives, water treatment solutions, and various materials for the petroleum, gas, and plastics industry, will bring diverse expertise to Saudi Arabia. Furthermore, their range of products for the personal care chemicals sector will play a vital role in expanding and diversifying local production capabilities. Dussur's strategic acquisition aligns with its ongoing commitment to localizing advanced technologies in the Kingdom. Italmatch Chemicals, recognized globally as a leader in specialty chemicals, will use the capital increase of 100 million euros to solidify its competitive position and presence in the region. These funds are set to drive the establishment and development of specialized factories across the Kingdom, boosting the local economy and infrastructure. Furthermore, the acquisition will strengthen Italmatch presence in the MENA region and accompanied with that hiring and training of local talent who will drive Italmatch’s growth and localization efforts.