RIYADH, Saudi Arabia--(BUSINESS WIRE)--Feb 10, 2026--
At the PIF Private Sector Forum 2026, MASARAT Mobility Park announced the signing of a development lease agreement with Fortune Parts Industry Gulf (FPI Gulf), a Joint venture between Thailand based FPI Group and local partner Fuel Autoparts Company. This milestone represents a significant step in the Park’s development and supports the localization of automotive manufacturing in the Kingdom, in line with Vision 2030.
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Under this agreement, FPI Gulf, a global leader in automotive manufacturing services, will establish an automotive parts factory at MASARAT Mobility Park, located within King Salman Automotive Cluster in King Abdullah Economic City (KAEC), reinforcing the Park’s position as Saudi Arabia’s leading destination for automotive and mobility industries.
The facility will specialize in the production and distribution of automotive components using plastic injection molding, chrome plating, and painting technologies. It will serve both local and international Original Equipment Manufacturers (OEMs), contributing to the strengthening of Saudi Arabia’s automotive supply chain.
Commenting on the announcement, Tienie Ferreira, Chief Executive Officer of MASARAT Mobility Park said: “This agreement underscores the strategic value of MASARAT Mobility Park as a purpose-built destination for automotive manufacturing. Welcoming FPI Gulf as our anchor tenant strengthens the Park’s role in enabling an integrated ecosystem that brings together manufacturing, logistics, and industrial infrastructure in a single location.”
Sompol Tanadumrongsak, Chief Executive Officer of FPI Group and President of Thai Auto-Parts Manufacturing Association (TAPMA), added: “Saudi Arabia represents a strategic growth market for FPI Group, and our collaboration with MASARAT Mobility Park marks an important step in expanding our regional footprint. The Park offers a well-connected, investment-ready platform for establishing advanced manufacturing operations to serve local and regional automotive markets. This initiative reflects our long-term commitment to the Kingdom and our support for localization and capability development.”
This milestone reinforces MASARAT’s role as a leading enabler of automotive localization, supported by integrated industrial and logistics capabilities, advanced infrastructure, multimodal connectivity, and Special Economic Zone incentives. This Partnership underscores the Park’s commitment to attracting global industry players, and accelerating the development of a competitive, localized automotive and mobility value chain.
*Source: AETOSWire
From left to right: Noppawit Tanadumrongsak, Managing Director of FPI India; Abdulrahman Binmahfooz, Managing Director of FPI Gulf; Tienie Ferreira, CEO of MASARAT Mobility Park; and Muhammed Alshiha, Chairman of MASARAT Mobility Park, during the signing ceremony at the PIF Private Sector Forum 2026 in Riyadh. (Photo: AETOSWire)
PARIS--(BUSINESS WIRE)--Feb 10, 2026--
As Valentine’s Day approaches, taking care of one’s home becomes a true gesture of attention. To accompany this season dedicated to well-being and shared moments, Tineco, a global specialist in intelligent cleaning, is unveiling its special Valentine’s Day offers from February 9 to 15. A curated selection of innovative solutions combining design, performance, and smart technologies, created to simplify everyday life and enhance living spaces.
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FLOOR ONE S9 Artist (Original price: €749; Promotional price: €549)
An iconic model of the brand, the FLOOR ONE S9 Artist combines an aurora borealis–inspired design with cutting-edge performance. Its 22 kPa suction power and up to 50 minutes of runtime ensure deep, uninterrupted cleaning, while its ultra-slim 180° lay-flat design makes it easy to reach even the most difficult areas. Equipped with FlashDry self-cleaning and DualBlock anti-tangle technology, it delivers a smooth, powerful, and effortless cleaning experience.
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FLOOR ONE S7 Stretch Ultra (Original price: €449; Promotional price: €399)
Designed for high-traffic areas such as entryways, the FLOOR ONE S7 Stretch Ultra stands out with its ultra-flat 180° design, ideal for cleaning under low furniture. Its DualBlock anti-tangle technology, FlashDry self-cleaning system, and up to 50 minutes of runtime—automatically adjusted by iLoop technology—ensure spotless floors with minimal effort.
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PURE ONE S70 (Original price: €449; Promotional price: €409)
Designed for everyday needs, the PURE ONE S70 combines power and intelligence. Its 200 AW suction effectively removes dust and pet hair from all types of floors, while its six-stage filtration system captures up to 99.99% of fine particles. Its 180° foldable tube and extended runtime of up to 95 minutes ensure thorough, precise, and comfortable cleaning.
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PURE ONE Station 5 Pro (Original price: €499; Promotional price: €449)
The PURE ONE Station 5 Pro addresses cordless vacuum maintenance challenges with its intelligent 3-in-1 station. After each use, the Full-Path Self-Cleaning system automatically cleans the entire air pathway, preserving long-term performance. With up to 70 minutes of runtime, 175 W suction power, and iLoop technology, it ensures optimal, effortless cleaning—even across large spaces.
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CARPET ONE Cruiser (Original price: €699; Promotional price: €549)
Ideal for restoring freshness and vibrancy to carpets and rugs, the CARPET ONE Cruiser combines washing, suction, and fast drying. Its three-level SmoothPower technology and DualCore PowerDry system at 75°C deliver deep cleaning, while FlashDry self-cleaning simplifies maintenance. With 130 W suction power and the intelligent iLoop sensor that automatically adjusts water flow based on dirt levels, the Carpet One Cruiser ensures thorough, even, and effective cleaning.
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FLOOR ONE S9 Master (Original price: €699; Promotional price: €649)
The latest addition to the range, the FLOOR ONE S9 Master embodies Tineco excellence. Its ultra-slim 9.9 cm design, 23,000 Pa suction power, and StreakFree scraper ensure spotless, streak-free results. Thanks to ThermoBlast technology and FlashDry self-cleaning, the S9 Master projects a high-pressure jet of hot water and delivers continuous hot-water cleaning up to 90°C, effectively removing even the most stubborn stains while ensuring fully automated maintenance.
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About Tineco
Tineco ("tin-co") was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 23 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation. For more information, visit fr.tineco.com.
Valentine’s Day: Tineco Offers for a Home as Thoughtfully Cared for as Your Gestures
