Unimech Signs JV Deal with Saudi Kanoo Group

23 Jan 2026 CW Team

Founded in the Kingdom of Bahrain in 1890, the Yusuf Bin Ahmed Kanoo Group is one of the oldest and most diversified family-owned business conglomerates in the Middle East. With a legacy spanning more than 135 years, the group has played a significant role in the economic development of the Gulf region and has built a reputation for operational excellence and long-term partnerships.

YBAK operates across a wide range of sectors, including shipping and logistics, travel and leisure, industrial and energy solutions, machinery, chemicals, oil and gas services, power and water, and real estate. The group has a strong regional footprint across Saudi Arabia, Bahrain, the UAE, Oman and Qatar, supported by global partnerships with leading international companies.

Known for its emphasis on ethical business practices, innovation and sustainability, YBAK has evolved into a globally connected enterprise while remaining firmly rooted in its family-led values. Through this joint venture, Unimech aims to leverage YBAK’s regional expertise and market access to expand its manufacturing and aerospace capabilities in Saudi Arabia, aligning with the Kingdom’s industrial development ambitions.

The partnership reflects Unimech’s strategic focus on international expansion and collaboration with established regional players, positioning the company to capture emerging opportunities in the Middle East’s growing industrial and aerospace ecosystem.

The board of Unimech Aerospace and Manufacturing, at its meeting held on 20 January 2026, approved a proposal to enter into a joint venture agreement with Yusuf Bin Ahmed Kanoo Company (YBAK) for the formation of a joint venture company in Saudi Arabia. The collaboration is expected to strengthen Unimech’s presence in the Middle East and support its long-term growth strategy in the aerospace and manufacturing sector. Founded in the Kingdom of Bahrain in 1890, the Yusuf Bin Ahmed Kanoo Group is one of the oldest and most diversified family-owned business conglomerates in the Middle East. With a legacy spanning more than 135 years, the group has played a significant role in the economic development of the Gulf region and has built a reputation for operational excellence and long-term partnerships. YBAK operates across a wide range of sectors, including shipping and logistics, travel and leisure, industrial and energy solutions, machinery, chemicals, oil and gas services, power and water, and real estate. The group has a strong regional footprint across Saudi Arabia, Bahrain, the UAE, Oman and Qatar, supported by global partnerships with leading international companies. Known for its emphasis on ethical business practices, innovation and sustainability, YBAK has evolved into a globally connected enterprise while remaining firmly rooted in its family-led values. Through this joint venture, Unimech aims to leverage YBAK’s regional expertise and market access to expand its manufacturing and aerospace capabilities in Saudi Arabia, aligning with the Kingdom’s industrial development ambitions. The partnership reflects Unimech’s strategic focus on international expansion and collaboration with established regional players, positioning the company to capture emerging opportunities in the Middle East’s growing industrial and aerospace ecosystem.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Real Estate

28 Feb 2026

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Infrastructure Energy

28 Feb 2026

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..