SABIC unit invests in reverse engineering firm

Nusaned Investment, a Riyadh-based investment company owned by chemical manufacturing conglomerate SABIC, has signed an agreement to invest in DarTec Engineering Consulting. (Courtesy Nusaned Investment)
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Updated 09 December 2020
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SABIC unit invests in reverse engineering firm

  • Nusaned to invest in DarTec Engineering Consulting
  • DarTec specialises in reverse engineering services

RIYADH: Nusaned Investment, a Riyadh-based investment company fully owned by chemical manufacturing conglomerate SABIC, has signed an agreement to invest in a firm involved in reverse engineering industrial parts for the energy, desalination, petrochemical and defense sectors.

The investment will be in DarTec Engineering Consulting, a company established in 2012 to provide advanced reverse engineering services to the Kingdom’s industrial sector.

“Investing in DarTec and partnering with such experienced founders fulfills Nusaned Investment’s mandate of investing in leading industrial SMEs in the Kingdom,” Faisal Al-Bahair, VP, Local Content & Business Development Unit and CEO of Nusaned Investment, said in a press statement.

“The services of DarTec will help the industrial sector localize the spare parts supply chain, shorten lead time, reduce spare parts cost and develop local talent in the new engineering sector.” 


DP World announces new leadership appointments

Updated 13 February 2026
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.