Honor leads foldable smartphone market

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Updated 17 September 2023
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Honor leads foldable smartphone market

Honor’s recent showcase at IFA 2023 reaffirmed its leadership in the foldable smartphone market. Their introduction of the Magic V2 and Magic V Purse has set new benchmarks and solidified their role as pioneers in the foldable arena.

The Honor Magic V2 is not just an improvement; it is a revolution. It boasts a 4.7 mm thickness when unfolded, making it the world’s thinnest foldable. Even when folded, at 9.9 mm, it remains the thinnest inward-folding phone. Weighing just 231 g, it is lighter than flagship slate smartphones.

Honor’s approach to R&D is nothing short of interdisciplinary brilliance. Drawing inspiration from aerospace technology, geological research, bionic science, new energy materials, and integrated manufacturing, the Magic V2 embodies the fusion of cutting-edge advancements. It stands at least 8-10 months ahead of competitors and the industry as a whole, having achieved more than 210 technological breakthroughs. From the ultra-thin battery to the efficient cooling system, robust hinge, Type-C Connector, screen innovation, and stellar speaker unit— the Magic V2 leaves no stone unturned.

The Honor V Purse offers a new concept that reimagines a foldable smartphone as a wearable, fashion-forward purse, offering endless possibilities for style and self-expression. The V Purse is a new “phone-to-purse” concept that heralds the beginning of electronic devices being seen as an entirely new category of fashionable consumer goods.


Alfanar Projects wins MEED Award for ‘Industrial Project of the Year’

Updated 17 December 2025
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Alfanar Projects wins MEED Award for ‘Industrial Project of the Year’

Alfanar Projects has been recognized as a “national winner” at the MEED Projects Awards 2025, for its role as the main contractor in the landmark Tuwaiq Casting and Forging Plant, which was awarded “Industrial Project of the Year.”
Developed through a strategic partnership between the Saudi Arabian Industrial Investments Company, or Dussur, Saudi Aramco, and Doosan Heavy Industries and Construction, the Tuwaiq Casting and Forging Plant represents a cornerstone in the Kingdom’s drive to establish a world-class industrial base, localize advanced manufacturing capabilities, and strengthen national supply chains.
Situated in Ras Al-Khair Industrial City, the plant spans over 400,000 square meters, encompassing 39 major buildings and an extensive network of infrastructure and external works. Alfanar Projects delivered the project on a lump-sum turnkey basis, executing more than 122,000 cubic meters of concrete, erecting 25,000 tons of structural steel, installing hundreds of kilometers of underground piping and cabling, and implementing advanced electrical and mechanical systems to global engineering standards.
With a production capacity of 60,000 tons per year, utilizing state-of-the-art sand casting and open-die forging technologies, the plant will play a pivotal role in serving critical sectors such as the oil and gas industry, maritime industries, and heavy equipment manufacturing, while advancing Saudi Arabia’s goals of industrial localization and self-sufficiency.
Jamal Wadi, president of Alfanar Projects, said: “The Tuwaiq Casting and Forging Plant embodies the pinnacle of what engineering can achieve when coupled with determination. The project brought together complex architectural and structural challenges with advanced engineering solutions, which we executed with precision and efficiency. This landmark facility stands as a testament to our deep expertise as an industrial contractor and to our ability to harness engineering excellence in building strategic projects that underpin the Kingdom’s economic future.”
The MEED Projects Awards, organized in partnership with Mashreq Bank, are among the most prestigious accolades in the region, celebrating excellence in project delivery across sectors. Alfanar Projects’ recognition underscores its role as a leading national contractor, committed to delivering world-class industrial infrastructure projects that support the Kingdom’s long-term vision for sustainable growth and industrial leadership.
The leading engineering and construction company is dedicated to advancing the Kingdom’s infrastructure and industrial landscape in alignment with Vision 2030. Through its commitment to sustainable development, Alfanar Projects supports the growth of key sectors, including building construction, urban infrastructure, renewable energy, and grid modernization across Saudi Arabia and internationally. With an emphasis on localization, innovation, and sustainability, Alfanar Projects continues to deliver world-class solutions that contribute to the Kingdom’s ambitious economic and social transformation.