Dr. Soliman Fakeeh Hospital soars into top 15 Saudi brands: A testament to patient-centric care
In a resounding validation of its unwavering commitment to excellence, Dr. Soliman Fakeeh Hospital has ascended to the prestigious ranks of the top 15 Saudi brands for 2023, according to the highly anticipated NPS Benchmarking Report. This remarkable achievement, placing the hospital at an impressive 11th position, stems not from self-proclaimed accolades but from the […]
Italian multinational Mapei buys top Saudi waterproofing company
Mapei Group, a leading Italian multinational manufacturer of chemical products for use in the building industry, has announced the successful acquisition of Bitumat, a leading manufacturer of waterproofing solutions in the Kingdom of Saudi Arabia (KSA). The acquisition marks a significant milestone for Mapei Group as it bolsters expansion plans to strengthen its presence in […]
Media Minister launches ‘Saudipedia’ digital platform at FOMEX
Saudi Media Minister Salman Al-Dosary launched the ‘Saudipedia’ digital platform on Monday at the Future of Media Exhibition (FOMEX) in Riyadh as part of the Saudi Media Forum activities. The event was attended by the Minister of Communications and Information Technology, Abdullah Al-Swaha, along with various officials from Arab and international media outlets. ‘Saudipedia’, part […]
PIF acquires 40% stake in Zamil Company to boost Saudi Arabia’s offshore support sector
The Public Investment Fund (PIF) has finalized its acquisition of a 40% stake in Zamil Offshore Services Company, a leading Saudi-based operator and service provider in the offshore support vessel and construction industry. This strategic investment is set to fortify Zamil Offshore’s capital base, enabling the company to expand its services and fleet in response […]
First AI-powered satellite imagery firm set up in Saudi Arabia
SpaceKnow, a New York-based technology company dedicated to transforming space data into actionable intelligence has announced the launch of SpaceGuardian, the first approved company dedicated to satellite imagery and AI (artificial intelligence) analysis in Saudi Arabia. SpaceGuardian specializes in applying machine learning AI on satellite imagery to facilitate economic activities, energy and commodities analysis, environmental […]
KAFD awards contract for latest hospitality project to SAUDICO & ALEC FITOUT
King Abdullah Financial District Development & Management Company (KAFD DMC) has awarded a contract for the complete fitout design and implementation for the district’s latest hospitality destination to the joint venture between SAUDICO and ALEC FITOUT. Marking the occasion with a signing ceremony at KAFD were Gautam Sashittal, Chief Executive Officer at KAFD DMC, and […]
SDAIA strikes MoU with FIWARE to localize technology
The Saudi Data and AI Authority (SDAIA) has signed a memorandum of understanding (MoU) with the FIWARE Foundation in order to localize the technology and adapt it to the local language, culture, regulations, infrastructure, and skills. According to the statement, “Further, it intends to support Arabic interfaces, compatible features, local cloud hosting, and training information-technology […]
Riyadh Air & Sabre partner to elevate its planning efficiency
Riyadh Air, the new national airline of Saudi Arabia that’s shaping the future of flying, has entered into a fundamental collaboration with Sabre Corporation, a leading software and technology provider powering the global travel industry. This strategic partnership underscores Riyadh Air’s commitment to enhancing operational efficiency and driving incremental revenue gains through Sabre’s end-to-end Network […]
NDMC ends February sukuk issuance raising SR7.874 billion
The National Debt Management Center (NDMC) has completed the February 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, with the total funds raised amounting to SR7.874 billion. This issuance has been divided into three distinct tranches to support various maturity profiles. The first tranche of the issuance amounts to SR1.180 billion and […]
Saudi Commerce Ministry extends online services to help foreign firms set up regional headquarters in KSA
Saudi Arabia’s Ministry of Commerce has announced the provision of online services for foreign companies looking to establish regional headquarters in the country after securing a license from the Ministry of Investment. These services encompass issuing regional headquarters as a branch or as a new foreign company, in addition to issuing, amending, and renewing […]