Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

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.”