HANOI, VIETNAM - Media OutReach Newswire – 9 June 2026 – VinRobotics, Vingroup's pioneering robotics company, today announced the signing of a Memorandum of Understanding (MoU) with Infineon Technologies AG, a global semiconductor leader in power systems and IoT, to explore collaboration opportunities in building next-generation robotics applications based on advanced semiconductor technology. The partnership marks a strategic milestone in VinRobotics' journey to build internationally competitive core technology capabilities, while further reinforcing the growing role of Vietnamese enterprises within the global technology collaboration ecosystem.
From left to right: Mr. Ngo Quoc Hung – Chief Executive Officer of VinRobotics, and Mr. Lim Kenneth – Senior Vice President, Automotive, Infineon Technologies Asia Pacific; at the MoU signing ceremony between the two parties.
At the center of the collaboration is the planned establishment of the VinRobotics-Infineon Competency Center (VRICC) within VinRobotics' facilities. The initiative will create an effective platform for technical exchange and co-innovation to build next-generation intelligent robots. Infineon will participate in VinRobotics' robotics projects from the early stages of development, thereby bringing together the strengths of both engineering teams and connecting with the global robotics ecosystem.
Under the VRICC framework, VinRobotics will prioritize the evaluation of Infineon's advanced semiconductor solutions across robotics platforms developed by VinRobotics. Through these activities, Infineon will share its semiconductor expertise and contribute to training programs for VinRobotics' R&D personnel, while both parties jointly identify areas of mutual interest for potential future engagement.
As robotics and automation technologies continue to accelerate worldwide, the partnership with Infineon Technologies represents an important step in VinRobotics' strategy to expand its research and development capabilities while strengthening ties with leading global technology partners.
Mr. Ngo Quoc Hung, Chief Executive Officer, VinRobotics, said: "We highly value the opportunity to engage with Infineon, a global technology leader with world-class semiconductor expertise and a strong technology ecosystem. The VRICC is intended to provide a meaningful platform for our teams to learn from Infineon's expertise, evaluate emerging semiconductor technologies, and explore areas of mutual interest. As VinRobotics continues to build core technology capabilities through engagement with a diverse range of world-class technology partners, we believe initiatives such as this one will help lay the foundation for a new generation of robotics solutions developed in Vietnam, serving both the domestic market and gradually expanding into international markets."
Philipp von Schiersteadt, Chief Sales Officer Compute, Consumer & Communication, Infineon Technologies AG, said: "As a global semiconductor leader and trusted partner to the robotics market, we support our customers from idea to mass production, helping them tackle critical deployment requirements such as efficient power flow, balanced movement, dexterity, robustness and fulfilling safety requirements. We provide the electronics foundation for physical AI at scale, built on profound system competency across the stack as well as on our industry‑leading safety and security expertise. Our collaboration with VinRobotics will focus on accelerating the development of next-generation humanoid robots for deployment in various sectors, from industry to services and the home."
Established in November 2024, VinRobotics is a technology company under Vingroup and a pioneer in Vietnam's robotics industry, with the vision of becoming a world-leading robotics technology enterprise. The company focuses on researching and developing next-generation robotics platforms designed for broad applications across industrial and daily life settings, helping improve productivity, enhance quality of life, and contribute to a more sustainable future.
Hashtag: #Vinrobotics
The issuer is solely responsible for the content of this announcement.
About VinRobotics
VinRobotics is a technology company under Vingroup, specializing in the research, development, and application of next-generation robotics and automation platforms. With the vision of becoming a world-leading robotics company, VinRobotics is committed to developing advanced technology solutions that enhance productivity, improve work quality, elevate quality of life, and contribute to building a prosperous and sustainable future.
About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 57,000 employees worldwide (end of September 2025) and generated revenue of about €14.7 billion in the 2025 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
Developer of Masar Destination announces 2026–2030 roadmap and secures 1.2mn sq m Masar Gardens award — signaling a structural shift from single-asset operator to multi-city development platform in the western region
MAKKAH, SAUDI ARABIA - Media OutReach Newswire - 9 June 2026 - Umm Al Qura for Development & Construction has drawn a sharp line under one chapter of its corporate history and opened another, announcing a new five-year strategy and, in the same breath, securing the development rights to a 1.2 million square metre site adjacent to its flagship Masar Destination in Makkah — a juxtaposition that appeared carefully choreographed to demonstrate that the new plan was already in motion before the ink on it had dried.
The company, which owns, develops, and operates Masar Destination and has been listed on the Saudi Exchange (Tadawul) since completing its institutional transformation over the previous strategy cycle, said on Tuesday that its 2026–2030 plan marks a transition from managing a single flagship project to operating what it described as a "multi-destination urban development platform" across Makkah, Madinah, and Jeddah.
The new site — awarded to a consortium of Umm Al Qura, Makkah Construction and Development Company, and Rajhi United Real Estate Company — will be developed under the name Masar Gardens and encompass the Hindawiya West and Hindawiya South plots. The choice of branding is deliberate: by extending the Masar name to an adjacent precinct rather than launching a standalone product, the company is signaling that its expansion logic begins with deepening what already exists before it spreads outward.
>60% compound annual revenue growth, 2021–2026
>45% compound annual net profit growth
SAR 2bn+ operating cash flow, most recent fiscal year
SAR 40bn development investment attracted to Masar Destination
30+ strategic partnerships forged
SAR 50bn+ targeted new development pipeline, 2026–2030
SAR 3–5bn incremental capital to be deployed over the strategy period
The financial backdrop to the announcement is striking. Over the five years to 2026, Umm Al Qura posted compound annual revenue growth of more than 60 per cent and net profit growth exceeding 45 per cent, while generating operating cash flows of over SAR 2 billion in its most recent fiscal year. Those are numbers that, in most markets, would attract a longer queue of investors than the company would need — and indeed, it reports attracting approximately SAR 40 billion in total development investment to Masar Destination over the period, alongside more than 30 strategic partnerships.
The question that the 2026–2030 strategy must answer is whether a management team that built one destination on time and on budget can simultaneously direct a portfolio of projects across three cities while maintaining the operational discipline that generated those returns. It is, by any measure, a more complex undertaking — and the company's chosen answer is structural.
The strategy adopts what the company terms a "flexible operating model," enabling it to function either as master developer or as partner and development manager depending on project-specific investment criteria. This architecture — in which Umm Al Qura deploys expertise and brand as much as balance-sheet capital — is central to understanding why it believes it can manage a SAR 50 billion-plus development portfolio while committing only SAR 3–5 billion of incremental capital over the strategy period. The mathematics only work if co-investors and consortium partners carry a substantial share of project-level financing, which places premium value on the company's governance framework, track record, and institutional relationships.
Yasser Abdulaziz Abuateek, chief executive, framed the moment in terms of sequencing rather than scale alone. "The launch of our new strategy represents a pivotal turning point," he said, "as we move from a phase of capability building to one of considered expansion." The word "considered" appeared to be doing some deliberate work: a reminder, perhaps, that the strategy is explicitly not designed to maximize the number of projects, but to concentrate development activity within a geographically coherent and operationally integrated footprint.
That geographic logic — a tight focus on the western region — is one of the strategy's more analytically interesting features. Makkah, Madinah, and Jeddah together constitute a demand catchment unlike any other in the Kingdom: structurally underpinned by the Hajj and Umrah pilgrimage economy, the subject of sustained Vision 2030-aligned public investment, and the locus of the country's most significant cultural and commercial infrastructure. For a company whose institutional identity is inseparable from Makkah, the western region is not a constraint but a concentration of competitive advantage.
The company also reaffirmed that Masar Destination would remain the "central cornerstone" of its portfolio, with development of approved extensions continuing in parallel with new initiatives. For investors, that commitment matters: it confirms that the platform expansion is additive rather than a dilution of the asset that underpins the company's listed value, and that management is not proposing to harvest the flagship in order to fund growth elsewhere.
The strategy's formal alignment with Vision 2030 objectives — which the company cited explicitly in connection with enhancing quality of life, stimulating investment, and strengthening economic integration — positions Umm Al Qura as a natural counterparty for government-adjacent development mandates across its target cities. In a market where the allocation of major urban development sites is closely connected to institutional credibility and track record, that positioning carries tangible commercial value.
What the strategy does not offer, at least in its public articulation, is a timeline for when the new destinations beyond Masar Gardens will be identified, announced, or initiated. The company's language — "planned and selective expansion" in the service of "sustainable value" — suggests a deliberate pace that prioritizes return quality over speed of deployment. Whether that restraint holds as opportunities emerge will be among the more closely watched questions in Saudi real estate development over the coming years.
Further information: www.ummalqura.com.sa/en/new-strategy-2030
Hashtag: #Development #SaudiArabia
https://www.ummalqura.com.sa/en
The issuer is solely responsible for the content of this announcement.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
Masar Gardens
