AFC Energy & TAMGO sign exclusive distribution agreement
AFC Energy, a leading provider of hydrogen energy solutions, has signed an exclusive distribution agreement with Saudi Arabia’s The Machinery Group (TAMGO) to market and sell AFC Energy’s zero-emission hydrogen-fueled H-Power Generators. Under the agreement, TAMGO will market and sell or lease to end-customers AFC Energy’s zero-emission hydrogen-fueled H-Power Generators in the industrial and off-grid […]
Saudi Arabia: King Salman Energy Park’s Logistics Zone to begin operations in 2024
King Salman Energy Park (SPARK) has said that its Logistics Zone will begin operations in 2024. The Logistics Zone, an advanced, fully automated district, will feature the first and largest private dry port in the region, on-site customs clearance services and bonded warehouses. It will be operated and maintained by SPARK Logistics, a joint venture […]
Saudi Arabia receives 7.8 million tourists in Q1 2023
Saudi Arabia’s Ministry of Tourism said that the country received 7.8 million tourists during the first quarter of 2023. That figure, it says, represents its highest quarterly performance, and was achieved on the back of a 64 per cent growth compared to the same period in 2019. It added that the kingdom achieved second place […]
India’s crude oil imports from Saudi Arabia surges
India’s appetite for cheap Russian oil imports took a breather in August as monsoon rains dampened demand and refiners scheduled routine maintenance works. The world’s third largest crude consumer reduced oil imports from Moscow for the third consecutive month in August to 1.57 million barrels a day, down 24 per cent on the month and […]
Jada Fund collaborates with Aliph Capital to support Saudi SMEs
Jada Fund of Funds Company, a Saudi Arabia PIF-owned company, has strategically partnered with GCC-led investment manager, Aliph Capital, to support Small and Medium-sized Enterprises (SMEs). Under the partnership, Jada will invest in “Aliph Fund I,” a buyout fund managed by Aliph Capital. The move reinforces Jada’s commitment to supporting SMEs in the Kingdom of […]
Saudi Arabia launches ‘Fuel’ program
Saudi Arabia’s Ministry of Communications and Information Technology and the global online learning platform Coursera, in cooperation with the National eLearning Center, have launched the ‘Fuel’ program to provide training on skills for jobs of the future. Under the program, a total of 100,000 Saudi citizens will receive training during the first year. Through this […]
Red Sea Global joins World Travel & Tourism Council
the Red Sea Global (RSG), the developer behind two of the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has joined the World Travel & Tourism Council (WTTC) as a destination partner. WTTC is the global authority on the economic and social contribution of travel and tourism. It promotes sustainable growth for […]
SAUDIA Group allocated 1.2 million seats for 2023 Hajj season
SAUDIA Group has revealed its operational performance during the peak of the summer travel season from May 21-August 2, 2023, which included this year’s Hajj season. During this period, it allocated more than 1.2 million seats for Hajj pilgrims, operating 79,000 flights. Its fleet flew an average of half a million hours, while recording an […]
Riyadh Air to support inclusion of Saudi nationals in aviation workforce
Saudi Arabia’s Riyadh Air, the newly launched national carrier of Saudi Arabia, has signed a Memorandum of Understanding (MoU) with the Colleges of Excellence (CoE) to support the inclusion of Saudi nationals in the aviation workforce. CoE, established by the Technical and Vocational Training Corporate (TVTC) in Saudi Arabia, provides training services in the kingdom. […]
Roshn unveils Marafy, to redefine urban living in Jeddah
In a significant stride towards enhancing Saudi Arabia’s real estate landscape, Roshn Group and the Public Investment Fund (PIF) have jointly launched Marafy, a modern mixed-use development poised to redefine urban living in the north of Jeddah. The development is projected to accommodate over 130,000 residents. It boasts a groundbreaking 11-kilometre-long manmade canal at its heart. […]