Gulf Capital, Saudi RDIA to allocate over $100mn for future tech sector
Gulf Capital has signed an agreement with the Saudi Research Development and Innovation Authority (RDIA) to deploy over $100 million into the Saudi technology and innovation sector over the next five years. The Letter of Intent (LoI) was signed in Riyadh by Dr Rami Niazi, Vice Governor of Strategy at the Saudi Research Development and […]
Saudi Railways, Maersk enter container transportation deal
Saudi Arabia Railways (SAR) has signed a contract with the sea shipping major Maersk to increase the number of containers transported on SAR trains between King Abdulaziz Port in Dammam and Riyadh Dry Port, a Saudi Press Agency report said. SAR CEO Bashar Khalid Al-Malik and Maersk Saudi Arabia CEO Mohammad Shihab signed the three-year […]
Zamil, Sami Land break ground on Saudi industrial complex
Zamil Steel Construction Company, a key subsidiary of Saudi-based Zamil Industrial Investment Company, has joined hands with Sami Land Services to break ground on its new industrial complex located at Al Kharj in Saudi Arabia. The partnership with the key unit of Saudi Arabian Military Industries (SAMI) marks a significant step forward for the company’s […]
SPARK Logistics signs 2 MoUs to explore leasing prospects
SPARK Logistics has signed two Memoranda of Understanding (MoUs) with ESAB, a world leader in welding equipment, and Petromasafi, a key supplier of oil and gas chemical products, to explore leasing opportunities. SPARK Logistics, a joint venture between King Salman Energy Park (SPARK) and Hutchison Ports, is the operator of the SPARK dry port and […]
Takamol Holding signs 18 agreements at LEAP 2024
The LEAP Tech Conference 2024 witnessed a notable participation with strategic engagements by Takamol Holding and its role as a strategic sponsor of the conference. The company stood out by showcasing diverse presentations of its products and programs, with its CEOs and members actively participating in panel discussions on the main stage. The participation included […]
Merck’s expansion: Launches a regional office in Riyadh and SR100 million Merck Limited Company
Merck, a leading science and technology company, announced the opening a regional office in Riyadh, marking a significant milestone in the company’s journey of collaboration and growth. The decision to establish the office in Riyadh underscores the city’s stature as a key economic center and a prime investment destination in the Middle East. The Ministry […]
Tech Mahindra to Power Mobily’s Loyalty Programmes
Tech Mahindra, a leading provider of digital transformation solutions, has signed a partnership with Etihad Etisalat (Mobily) to deliver best-in-class loyalty programmes for individual and business customers. With focus on elevating customer loyalty programmes, the partnership will deploy Comviva’s GenAI-powered next-generation MobiLytix Rewards to revamp Mobily’s Neqaty loyalty programme. Comviva, a Tech Mahindra company, is […]
Salam CEO Ahmed Al-Anqari on Saudi Arabia’s telecoms opportunities
Salam is a major telecommunications player in Saudi Arabia that is experiencing strong growth in both the fixed-line and mobile telecommunications space. It has connected around 700,000 households to fixed line and fibre-to-the-home services over the years. In 2021, the company secured a Mobile Virtual Network Operator (MVNO) licence and launched Salam Mobile to the […]
Wolffkran, Zamil join hands to set up crane production plant
Wolffkran, a leading manufacturer of tower cranes headquartered in Zug, Switzerland, has entered into a joint venture with Zamil Group, one of the largest investment holding companies in Saudi Arabia, to set up its first manufacturing facility in kingdom. Unveiling the big regional strategy, Duncan Salt, CEO of Wolffkran Holding, said the company along with […]
AlUla — A Flourishing Oasis that Feeds the Region
AlUla Governorate boasts a thriving agricultural sector, which plays a pivotal role in its economic development. Farms in the region are a “food basket” both for the governorate residents and for those in neighboring areas, like Madinah, Jeddah, Tabuk, Hail and Riyadh. The abundance of its produce attracts citizens and residents to its dedicated […]