The move comes in line with the intent of the two leading companies in the commercial vehicle industry to create a joint venture to develop a common softwaredefined vehicle platform and dedicated truck operating system, providing the basis for future software-defined commercial vehicles.
The platform will enable Daimler Truck and Volvo Group and potential other future customers of the joint venture to provide stand-alone digital vehicle functions for their products.
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Cityscape Global nets $61bn realty deals
Global confirmed its position as the largest real estate exhibition in the world, bringing down the curtain on its second edition at the Riyadh Exhibition and Convention Center last month by revealing a staggering SR230 billion ($61.3 billion) in real estate transactions across the four-day show. This total, organisers say, underlines how âSaudi Arabia is now a global hub for real estateâ.
Kleindienst reveals $6bn plan for 5,000 Dubai rooms
Group, a leading global business conglomerate and the master developer behind The Heart of Europe on Dubaiâs World Islands, has announced a major expansion that will see the addition of 5,000 five-star hotel rooms to Dubaiâs hospitality sector.
Adnoc JV awards $2bn EPC deals for petchem project
TAâZIZ, a joint venture between key Emirati entities Abu Dhabi National Oil Company (Adnoc) and ADQ, has awarded engineering, procurement and construction (EPC) contracts worth over $2 billion for the development of essential site infrastructure to advance the Taâziz chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Al Dhafra Region of Abu Dhabi.
Damac Properties unveils sixth master community
Properties, UAEâs leading property developer, has announced the launch of its third and largest master community â Damac Islands â unveiled this year and the sixth in its portfolio of master development projects.
Dubai's $4.36bn roads plan to cover 22 projects
AED16-billion ($4.36 billion) 2024-2027 Main Roads Development Plan will add 22 projects across the emirateâs expanding road network, benefiting over six million people and supporting Dubaiâs comprehensive development plans, it has been revealed.
Wynn's RAK resort project on track for 2025 completion
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Nakheel marks milestones at Palm Jebel Ali project
NAKHEEL has announced the release of its latest luxury residences at Palm Jebel Ali: The Beach Collection - an exclusive collection of bespoke beach villas.
NHC to build 10,000 new residential units in Riyadh
Arabia's National Housing Company (NHC) has announced the launch of 11 key residential projects in the Khuzam area of capital Riyadh featuring over 10,000 units ranging from luxurious villas to contemporary apartments - thus catering to different clients' needs.
Tilal unveils $1.6bn luxury development in AI Khobar
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Global firms to set up factories at Spark
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