In Riyadh, Saudi Arabia, a major announcement was made on Jan. 22, 2026, by the prominent global building materials producer, Knauf. The company revealed its intentions to acquire a majority share in United Mining Industries Company (UMI), a top building materials manufacturer located in Saudi Arabia. UMI is known for providing quality construction materials within the Saudi market. This acquisition marks a significant move in the industry, showcasing Knauf's strategic expansion plans and commitment to enhancing its presence in the region's market.