INSEAD Day 4 - 728x90

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The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Immensa opens facility in Saudi Arabia

The facility is located in Dammam. (Immensa)
  • The facility is the first private sector industrial grade additive manufacturing center in the Kingdom.
  • It is equipped with cutting-edge technologies and is supported by more than 30 specialized engineers, the company said in a statement.

Dammam, Saudi Arabia – Immensa, an additive manufacturing and digital warehousing company, has inaugurated a new $15 million facility in Saudi Arabia as part of its regional expansion plans.

The facility, which is located in Dammam, is the first private sector industrial grade additive manufacturing center in the Kingdom. It is equipped with cutting-edge technologies and is supported by more than 30 specialized engineers, the company said in a statement.

The new facility will enable Immensa to produce high-value parts for sectors such as oil and gas, energy, and petrochemicals on demand and locally, the company said.

The facility will also service regional markets including Kuwait, Qatar, and Bahrain. In addition, it will expose Saudi engineers to world-class additive manufacturing technology, which will help to upskill local talent.

Ali Abdulaziz Alturki, Chairman of Immensa, said, “Immense exists to localize the production and supply of spare parts across various critical industries. This new facility marks the expansion of our efforts to onshore production to help industries reinforce and decarbonize their value chains. Additive manufacturing today is a firmly established process, and we are harnessing the power of 3D printing to support local industries, economic growth and sustainability.”