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  Middle East drives electric vehicle revolution

  18 December 2025

  

   

  The global automotive landscape is undergoing a seismic shift as electric vehicles (EVs) become increasingly central to the industry’s future, according to GlobalData’s Strategic Intelligence platform. 

  This is not just a technological evolution but a geopolitical one, with the Middle East poised to play a pivotal role. The region, traditionally known for its oil reserves, is now at the forefront of the EV revolution, driven by strategic investments, policy shifts and a commitment to sustainability.

  In recent years, the Middle East has witnessed a surge in initiatives aimed at fostering the growth of EVs. Governments across the region are implementing policies to encourage EV adoption, recognising the dual benefits of reducing carbon emissions and diversifying their economies away from oil dependency. 

  The UAE, for example, has set ambitious targets to increase the number of EVs on its roads, supported by substantial investments in charging infrastructure and incentives for EV buyers.

  The strategic location of the Middle East, bridging Europe, Asia and Africa, provides a unique advantage in the global EV supply chain. This geographical positioning allows the region to serve as a critical hub for the distribution and manufacturing of EVs and their components. Countries like Saudi Arabia are capitalising on this by investing in local manufacturing capabilities, aiming to become leaders in the production of EVs and related technologies.

  The Middle East’s abundant natural resources, particularly in minerals essential for battery production, position it as a key player in the EV market. The region’s focus on developing a sustainable supply chain for these materials is crucial, as the global demand for batteries continues to rise. This strategic move not only supports the local economy but also strengthens the region’s influence in the global automotive industry.

  The shift towards EVs in the Middle East is also driven by a broader commitment to sustainability and climate goals. The region’s governments are increasingly aligning their policies with international environmental standards, recognising the
  importance of transitioning to cleaner energy sources. This alignment is reflected in the growing number of partnerships between Middle Eastern countries and leading global automotive companies, aimed at accelerating the development and deployment of EV technologies.

  Despite the challenges, momentum towards EVs in the Middle East remains positive

  Tackling challenges

  The transition is not without its challenges. The Middle East faces significant hurdles in terms of infrastructure development and consumer acceptance. 

  The establishment of a comprehensive charging network is critical to support the widespread adoption of EVs. Additionally, changing consumer perceptions and encouraging the shift from traditional combustion engines to EVs requires concerted efforts on the part of both the public and the private sector.

  Despite the challenges, the momentum towards EVs in the Middle East remains positive. The region-wide commitment to innovation and sustainability is evident in the proactive approach to addressing these issues. By investing in research and development, fostering international collaborations and implementing forward-thinking policies, the Middle East is positioning
  itself as a leader in the global transition to EVs. 

  As the world moves towards a more sustainable future, the region’s efforts to embrace EVs will not only transform its own transportation landscape, but also contribute significantly to global environmental goals. 

  The Middle East’s journey towards becoming a central player in the EV market is a compelling narrative of change, resilience and forward-thinking leadership.

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  MEED Editorial
• 
  Key technology themes poised to shape 2026

  18 December 2025

  

   

  The technological landscape in 2026 is poised for transformative shifts that promise to redefine industries and reshape societal norms. 

  The predictions for the coming year, as outlined in the Tech Predictions 2026 report published by UK analytics firm GlobalData’s Strategic Intelligence unit, highlight several areas where technology will make significant strides, from the Internet of Things (IoT) to artificial intelligence (AI), and from robotics to the future of mobility. 

  These advancements are not just incremental; they represent a paradigm shift in how technology integrates with and enhances human life.

  Anticipated advances

  The IoT is set to become an even more integral part of our daily lives, with the market expected to surpass $1.4tn by 2026. This growth is driven by advancements in wireless technologies, such as 5G and satellite networks, which will enhance connectivity and enable IoT devices to operate in remote locations. 

  The integration of AI into IoT, known as AIoT, will further revolutionise the field by enabling automated operations and predictive maintenance. 

  Security concerns remain a significant hurdle, as the fragmented security standards landscape poses risks to IoT deployments. The challenge lies in creating robust security frameworks that can protect vast networks of interconnected devices from cyber threats, ensuring that the benefits of IoT are not overshadowed by vulnerabilities.

  In the realm of AI, 2026 will witness the expansion of the agentic AI ecosystem. This new phase of AI development involves AI agents capable of autonomous decision-making, which will be utilised across various sectors. 

  Despite the potential of these technologies, the adoption of AI tools in enterprises will be tempered by uncertainties regarding their business value. Nonetheless, AI’s influence is undeniable, with its applications ranging from enhancing workplace productivity to transforming the gaming industry. 

  The ethical implications of AI, particularly in terms of decision-making and data privacy, will continue to be a topic of debate. As AI systems become more autonomous, the need for transparent algorithms and accountability mechanisms becomes increasingly critical.

  Robotics, too, is on the brink of a new era, fuelled by advancements in AI and cloud computing. These technologies will unlock new use cases for robots, particularly in service settings where they can assist humans in non-industrial environments. 

  The interest in humanoid robots is also expected to grow, driven by their potential to address labour shortages and perform tasks in hazardous environments. As major tech companies seek to expand their stake in the robotics industry, we can anticipate a wave of acquisitions and mergers. 

  The integration of robots into everyday life will raise questions about the future of work and the role of humans in an increasingly automated world. While robots can enhance efficiency and safety, there is a need to address the socioeconomic impacts of automation, particularly in terms of employment and skill development.

  The adoption of AI tools in enterprises will be tempered by uncertainties regarding their business value

  Driving change

  The future of mobility is another area where significant changes are anticipated. Expected to be a pivotal year for the adoption of robotaxis, in 2026 pilot projects will transition to commercial rollouts. This shift is facilitated by the collaboration between technology developers, ride-hailing platforms and regulators, which lowers the barriers to entry. 

  The electric vehicle market in North America is predicted to plateau, hindered by policy uncertainties and the expiration of key federal tax credits. 

  The development of autonomous vehicles will also necessitate advancements in infrastructure, such as smart roads and traffic management systems, to ensure safety and efficiency. Moreover, the environmental impact of increased vehicle automation and electrification will be a critical consideration, as the world grapples with the challenges of climate change.

  In the space economy, the market is projected to reach $453.9bn in 2026, driven by advances in communications and navigation technologies. The deployment of low Earth orbit satellite constellations will continue to enhance global connectivity, providing significant downstream capacity. 

  The convergence of space and quantum technologies is also on the horizon, with quantum sensing and cryptography being integrated into space-borne systems. This integration will open new frontiers in space exploration and security, offering unprecedented opportunities for scientific discovery and commercial ventures. 

  The militarisation of space and the potential for conflicts over space resources will require careful international cooperation and regulation.

  Streaming platforms, meanwhile, will face a profitability crunch as the market becomes increasingly saturated. To survive, platforms will need to consolidate and focus on dual content strategies that cater to both global and local audiences. 

  AI will play a crucial role in this transformation, enabling platforms to personalise content and streamline production processes. The competition for viewer attention will drive innovation in content delivery and user engagement, with immersive technologies such as virtual reality and augmented reality offering new ways to experience media. 

  The ethical implications of AI-driven content curation, particularly in terms of bias and misinformation, will need to be addressed to maintain trust and integrity in digital media.

  Positive outlook

  As we look to 2026, it is clear that technology will continue to be a driving force in shaping the future. Advancements in IoT, AI, robotics and mobility, among others, will not only transform industries but also redefine how we interact with the world around us. 

  However, these developments also bring challenges, particularly in terms of security, regulation and ethical considerations. As such, it is imperative for stakeholders to navigate these changes with a balanced and considered approach, realising the benefits while mitigating potential risks.

  The journey in 2026 is not just about technological innovation; it is about harnessing these advancements to create a more connected, efficient and sustainable world. As we embrace the possibilities of the future, we must also remain vigilant about the challenges that lie ahead, ensuring that technology serves humanity and not the other way around. The path forward will require collaboration, foresight and a commitment to ethical principles, as we strive to build a future that is inclusive, equitable and resilient.

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  MEED Editorial
• 
  Qiddiya tenders Janadriyah cultural district hotels

  18 December 2025

  Saudi gigaproject developer Qiddiya Investment Company (QIC) has issued a tender inviting firms to bid for a contract to build two hotels at the Janadriyah cultural district.

  The tender was issued on 11 December. Technical bids are due on 29 January, and the commercial bid submission deadline is 19 February.

  The package comprises the construction of the Wadi Hotel and the Gateway Hotel.

  Firms are also bidding for the Janadriyah cultural district main works. The tender for this package was issued in November.

  QIC is expected to receive bids for this package by 30 December.

  QIC is accelerating plans to develop additional assets at Qiddiya City.

  In December, MEED exclusively reported that QIC is expected to float a tender soon for the construction of the estimated SR7bn ($1.8bn) National Athletics Stadium at its Qiddiya entertainment city development.

  MEED understands that the prequalification process has reached an advanced stage and the tender for the main contract is likely to be issued within a few weeks.

  The multipurpose stadium will cover an area of approximately 182,000 square metres and its design is inspired by the London Olympic Stadium.

  Firms are bidding for a SR980m ($261m) contract covering the construction of staff accommodation. Earlier in December, MEED exclusively reported that QIC has allowed firms until 8 January to submit their bids.

  The tendering follows QIC’s October announcement that it had awarded a SR5.2bn ($1.4bn) construction contract to build the performing arts centre at Qiddiya Entertainment City.

  The centre will have over 3,000 seats across three theatres. It will also include a cantilevered amphitheatre overlooking Qiddiya City’s lower plateau, with a 500-seat centre suspended from above.

  The Qiddiya City performing arts centre is one of several major projects within the greater Qiddiya development. Other projects include an e-games arena, the Prince Mohammed Bin Salman Stadium, a motorsports track, the Dragon Ball and Six Flags theme parks, and Aquarabia.

  The project is a key part of Riyadh’s strategy to boost leisure tourism in the kingdom. According to GlobalData, leisure tourism in Saudi Arabia has experienced significant growth in recent years.

  

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  Yasir Iqbal
• 
  Iraq-Turkiye pipeline exporting around 212,000 b/d of oil

  18 December 2025

  

   

  The Iraq-Turkiye Pipeline (ITP) is currently exporting around 212,000 barrels of oil a day (b/d), according to industry sources.

  Before the 2023 shutdown, the pipeline was transporting about 450,000-500,000 b/d of crude.

  One source said: “Some thought that by now the export flows through the pipeline would be higher, but a lack of drilling at oil fields in Iraqi Kurdistan during the shutdown has led to a decline in pumping capacity.”

  On 27 September, oil flows restarted from Iraqi Kurdistan to the Turkish port of Ceyhan via the ITP.

  The restart followed an agreement between oil companies operating in Iraqi Kurdistan, the Iraqi federal government in Baghdad and the Kurdistan Regional Government (KRG).

  Under the terms of the deal, the KRG is delivering the crude to Iraq’s state-owned oil marketing company, Somo, and an independent trader is handling sales from the Turkish port of Ceyhan using Somo’s official prices.

  Research and consultancy firm Wood Mackenzie is preparing a report that will help determine the prices oil-producing companies receive.

  Eight oil producers have agreed to accept a temporary price of $16 a barrel until the Wood Mackenzie review is completed.

  The final review is expected to lead to a retroactive adjustment of payments.

  The initial shutdown of the ITP started in March 2023, when the International Chamber of Commerce ordered Turkiye to pay Iraq $1.5bn in damages for what it decided were unauthorised exports by the Kurdish regional authorities.

  Turkiye has stated that it plans to continue its appeal against this compensation order.

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  Wil Crisp
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  Binghatti launches new Mercedes-Benz-branded residential project

  17 December 2025

  Dubai-based real estate firm Binghatti Developers has announced the launch of a new Mercedes-Benz-branded multi-tower residential development in Dubai.

  The developer said the total cost of the project is about AED30bn ($8bn).

  The project, named Mercedes-Benz Places Dubai, will span an area of about 10 million square feet.

  No further details about the features of the project or its construction timelines were disclosed.

  The development will be located within Binghatti’s first masterplanned community in the Meydan area of Dubai.

  In May, Binghatti announced that it had acquired freehold land in Meydan for what would be the company’s first large-scale, masterplanned residential community in Dubai.

  This is Binghatti’s second Mercedes-Benz-branded development in Dubai.

  In January, Binghatti unveiled the Mercedes-Benz Places by Binghatti project in Downtown Dubai.

  The 65-storey Mercedes-Benz Places by Binghatti is expected to blend the brand’s heritage with architectural design.

  At 341 metres, the building will house 150 residences, ranging from two- to four-bedroom units, including five penthouses.

  In its statement, Binghatti says it has a current portfolio valued at about AED80bn. This includes over 38,000 units under development across 38 projects in areas such as Downtown, Business Bay, Jumeirah Village Circle and Meydan, as well as flagship branded residences developed in collaboration with luxury partners Bugatti, Mercedes-Benz and Jacob & Co.

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  READ THE DECEMBER 2025 MEED BUSINESS REVIEW – click here to view PDF

  Prospects widen as Middle East rail projects are delivered; India’s L&T storms up MEED’s EPC contractor ranking; Manama balances growth with fiscal challenges

  Distributed to senior decision-makers in the region and around the world, the December 2025 edition of MEED Business Review includes:

  > AGENDA 1: Regional rail construction surges ahead > AGENDA 2:  Middle East becomes a hub as rail networks mature > INDUSTRY REPORT 1: Larsen & Toubro climbs EPC contractor ranking > INDUSTRY REPORT 2: Chinese firms expand oil and gas presence > LIBYA: Oil companies ramp up activity in Libya > CONSTRUCTION: Aramco Stadium races towards completion > RENEWABLES: UAE moves ahead with $6bn solar and storage project > INTERVIEW: Engie pivots towards renewables projects > BAHRAIN MARKET FOCUS: Manama pursues reform amid strain

  To see previous issues of MEED Business Review, please click here

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  Yasir Iqbal