Volvo Cars and Nahwasharq visit GCC Standardization Organization

Time: July 22, 2018 

TOP representatives from Nahwasharq Co. Ltd, the official importer of Volvo Cars in Saudi Arabia; Elie Chahine Badr, the CEO and Nabil Osman, General Manager, had their first official visit representing Volvo Cars to the GCC Standardization Organization headquarters in Riyadh. The first annual meeting conducted with the GSO, aimed at shedding light on all the momentous elements required to ensure full protection, safety and steadiness during the drive with the presence of Volvo Car Importers Europe, Middle East and Africa (EMEA) representatives Jesus Fernandez de Mesa, Managing Director, and Mrs. Melisa Seleskovic, Marketing Director.

De Mesa said: “Since 1927, our Swedish heritage and human-centric approach have shaped who we are. Everything we do at Volvo Cars must start with people. This principle is more relevant today than ever before. We have a vision named Vision 2020 for the company’s aim to maintain leadership in the field of safety. Traditionally, Volvo Cars is associated with protective safety systems. Our new product platforms help us making it possible to bolster the company’s world-leading reputation for safety without compromising design, size or weight. The advances in preventive and protective safety technologies work together help protecting the occupants in all different types of events, so to deliver most ambitious safety vision in the industry that is “Nobody should be seriously injured or killed in a new Volvo by 2020”. Our commitment to developing safer, more sustainable and convenient cars ties in well in the Kingdom’s Vision 2030 plan, which, among other things, also aims to bring a significant positive impact to the nation’s traffic safety standards, as well as to reduce pollution and dependence of fossil fuels. I believe customers in the Kingdom of Saudi Arabia will be delighted to meet our complete product portfolio.”

The GCC Standardization Organization (GSO) pursues to unify the various standardization activities and following up implementation and compliance with the same in cooperation and coordination with the standardization bodies in the Member States. The objective behind those efforts is to raise the capabilities of the Gulf industries and develop the production and service sectors, fostering the Intra-GCC trade, protect the consumer, environment and public health, enhance the GCC economy and meet the requirements of the Gulf Custom Union and the Gulf Common Market.

Waleed Abdullah Al-Sagr, GSO’s Head of Certification Department, said: “It was my pleasure having a meeting with the delegations of Volvo Cars and Nahwasharq Co. Ltd, in the GSO office. I look forward to continuing our relationship with those parties and renewing our annual meetings with them. This can optimistically boost delivering upper levels of auto manufacturing in terms of bursting safety and utmost security.”

Nahwasharq Co. Ltd opened the first Volvo Retail Experience showroom located in Riyadh’s Sulaymania District, Prince Abdul Aziz Bin Mosaed Bin Jalwi Street (Al Dhabab) and second showroom will open in Dammam in the fourth quarter of 2018, while the Jeddah’s showroom will be inaugurated in early 2019.

This article was first published in Saudi Gazette

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Saudi Arabia prepares to auction detained billionaire’s real estate, cars

Time: July 21, 2018

 Billionaire Maan al-Sanea was detained by authorities in 2017 for unpaid debt dating back to 2009 when his company, Saad Group, defaulted on debts.

Saudi authorities are preparing to auction billions of dollars of real estate and cars belonging to billionaire Maan al-Sanea and his company as they look to hasten an end to one of the kingdom’s longest-running debt disputes.

The planned sale is the latest signal that Saudi Arabia is serious about holding its elites to account.

In an anti-corruption crackdown last November, authorities detained scores of senior officials on charges of alleged graft. Most have been released after being exonerated or agreeing to give the state money, assets or real estate.

The al-Sanea case is separate from the main anti-graft campaign. The businessman – in 2007 he was ranked by Forbes as one of the world’s 100 richest people – was detained by authorities late last year for unpaid debt dating back to 2009 when his company, Saad Group, defaulted on debts.

Creditors have spent the past nine years pursuing Saad, which is based in the city of Khobar in Saudi Arabia’s Eastern Province, for debt that some estimate to be between 40 billion riyals (S$14.05 billion) and 60 billion riyals.

Investors see the case as a litmus test of Crown Prince Mohammed bin Salman’s commitment to reforms.

Etqaan Alliance, the consortium appointed by Saudi authorities to liquidate assets owned by al-Sanea and the company in an effort to repay creditors, plans to begin selling the company’s assets in Saudi Arabia, according to several sources familiar with the matter.

The sales will happen in the coming weeks, the sources said.

The liquidator has produced a slick video that it has posted on YouTube with the tagline “the sale everyone has been waiting for in Khobar” featuring some of the properties and land to be sold.

A brochure accompanying the sale includes a list of 20 plots of land owned by Saad Trading, part of Saad Group, and al-Sanea. The properties are mostly located in Khobar. The largest unit is a 484,407 square metre plot of land that includes buildings and a sewage water treatment plant.

The brochure does not include valuations, but the sources said the real estate was valued at around 4.4 billion riyals, based on an official list of real estate provided to authorities.

A source at the Ministry of Justice confirmed to Reuters an auction would be launched this month to sell vehicles, equipment, a large quantity of building materials and some property before the Islamic fasting month of Ramadan, which starts in May.

According to the sources who have seen the official list provided to authorities, Saad owns an estimated 3.5 bln riyals of real estate, while al-Sanea personally owns an estimated 6.8 bln riyals. Much of that is in Riyadh, Dammam and Khobar.

Reuters was unable to verify whether all of that real estate will be auctioned by Etqaan or the number of vehicles that will be sold.

Saad owns 923 vehicles, including trucks, buses and cars, according to the sources who had seen the list provided to authorities, while al-Sanea has 26 vehicles, including a Rolls Royce, a Hummer, and Cadillac Concord.

The sale does not include the 750-bed Saad Specialist Hospital in Khobar, which the government is in talks with private companies to run, or foreign assets owned by al-Sanea or Saad.

LEGAL BATTLES AROUND THE WORLD

The auction is set to take place a few weeks after the government wound down the anti-corruption crackdown that involved the detention of scores of senior Saudi officials, including princes, in Riyadh’s luxurious Ritz-Carlton Hotel.

The government has said the process raised more than US$100 billion, mostly in the form of land, stakes in businesses and other illiquid assets rather than cash.

The proceeds from Etqaan’s auction will be distributed to creditors via a legal process overseen by a three-judge tribunal set up in 2016 to handle claims against Saad and Ahmad Hamad al-Gosaibi & Bros Co, another big local conglomerate that defaulted on debt in 2009.

Creditors have pursued legal battles over the debt around the world for almost a decade, while the two groups have squabbled over which of them is to blame for the meltdown.

In an effort to stave off the liquidation process, Saad late last year launched its own process to engage with creditors. It hired a financial consultancy, Reemas Group, to offer a proposed settlement covering US$4 bln in debt.

Reemas did not immediately respond to a Reuters request for comment.

Saad Group has been told by the court that it needs to obtain the agreement of creditors to its plan as soon as possible and then the court will consider the proposal, according to the sources.

In an email sent by Reemas last year, it told creditors its intention was to secure preliminary consent from the majority of lenders to its proposal to put the auction process at a halt.

This article was first published in Straits Times

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BMW partners with SABB to empower women drivers

Time: July 12, 2018 

Mohamed Yousuf Naghi Motors (MYNM), the official BMW Group importer in Saudi Arabia, recently partnered with SABB (Saudi British Bank) to host two female-only events with the aim of empowering women through educating them with the required information for purchasing their first car. This includes topics like financial solutions, safety and features to look for as they begin driving in the Kingdom.

Female customers of SABB were welcomed into a relaxing environment in MYNM’s showrooms in Jeddah and Riyadh by female sales staff and live jazz music to set them at ease. Guests had the opportunity to learn more about BMW and its history before being taken by female staff and a BMW Product Genius for an overview of key BMW models and their features aimed to best suit each guest’s individual needs.

Aside from educating women on their first car purchase, key topics of discussion at both events were focused on BMW’s unique safety, efficiency, convenience, and of course driving pleasure – making it the ideal purchase for first-time car owners looking for a dynamic driving experience.

Mohamed Yousuf Naghi Motors has taken several steps to ensure females feel empowered when walking into their showrooms across the Kingdom. Apart from actively supporting female-only events including their partnership with SABB, they recently supported the inaugural Arab Fashion Week.

They have multiple female sales assistants to help female customers to further understand BMW and their products and the process of purchasing a new car. An additional step they have taken is establishing a dedicated WhatsApp number to allow all their female customers to communicate their questions or concerns with MYNM’s CRM team.

Commenting on these-female only activities, Hector Kostakis, National Marketing Manager, of Mohamed Yousuf Naghi Motors – BMW Group said: “We are excited to welcome ladies in all our events and activities, as well our showrooms throughout the country. Our experienced colleagues will be more than happy to assist them on the process of purchasing their new car. It is our pleasure to ensure the women visiting our showrooms have a seamless purchasing experience from learning about the financial services available to the features to look for to best suit their personal needs.”

This article was first published in Saudi Gazette

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Mohamed Yousuf Naghi Motors Co.

Time: July 10, 2018

Mohamed Yousuf Naghi Motors Co. has it origins back more than 25 years ago when it was appointed as the official importer and distributor of BMW Automobiles in Saudi Arabia, with the portfolio to develop a then somewhat dormant marque in the kingdom into a major player in the luxury automotive sector. With a range of new models Mohamed Yousuf Naghi Motors through innovative marketing and investment in comprehensive after-sales operations, was able to and now maintains BMW throughout the kingdom as the leading luxury vehicle brand in the market. The subsequent addition of Rolls-Royce to the BMW Group stable and then Mini, the reputation for excellence Mohamed Yousuf Naghi Motors is clearly justified.

Mohamed Yousuf Naghi Motors with the acquisition of the Jaguar / Land Rover agency in 200, applied the same parameters and have re-built the reputation and credibility of both brands in the Saudi market. Based on these achievements and with an excellent model range the Range Rover is now the most sought after Luxury 4WD vehicle in Saudi Arabia.

In a different vehicle market sector Mohamed Yousuf Naghi Motors achieved success as the exclusive agents for Hyundai Cars and Light Commercials in the Western Region of Saudi Arabia, both Hyundai cars and vans are now firmly established as the number one choices in these sectors.

The Hyundai portfolio also extends to the kingdom wide agency for Heavy Commercials and Buses, with thousands of Hyundai busses transporting numerous pilgrims to Makkah and Madinah for Umrah and Hajj. Also Hyundai Buses and Trucks are servicing both the public and private transport plus business sectors.

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Mohamed Yousuf Naghi Motors Co. is now firmly established as a leading
player in Saudi Arabia’s Automotive Market.

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About Abdul Latif Jameel Motors| Toyota Saudi Arabia

Time: July 02, 2018

 

Introduction

In 1945 Abdul Latif Jameel started his business with a philosophy and vision to put his customers, or ‘Guests’, first. This underlying principle, coupled with Abdul Latif Jameel’s visionary approach, formed the foundations of the company that still bears his name today.

History

Abdul Latif Jameel understood the importance of personal transportation to the people of Saudi Arabia.  Before, there were many paved roads, Abdul Latif Jameel saw the benefits of introducing 4×4 vehicles which would allow his customers to navigate the terrain of the country.  His first order of four “BJ” model 4×4 vehicles was the start of a long-standing relationship with Toyota Motor Corporation.

https://youtu.be/p2Ire8AuF8E

Abdul Latif Jameel’s “Guest First” principles have guided the company to provide facilities and services to make the purchase and ownership of a Toyota vehicle as satisfying as possible.

County-wide support

Abdul Latif Jameel offers a vehicle sales and distribution network that currently features outlets across Saudi Arabia.  Catering to the needs of our Guests, we are able to source and service over 1.2 million vehicles annually. This is backed up by our continual investment in vehicle and parts importation and distribution

This article was first published in Abdul Latif Jameel Motors

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Mohamed Yousuf Naghi Motors marking 25 years of BMW Group partnership

Time: July 01, 2018

On Jan. 1, 1990, Mohamed Yousuf Naghi Motors (MYNM) became the official BMW Group importer in Saudi Arabia. The award gave MYNM the legal rights to import and sell BMW Group automobiles.
Twenty-five years on, the importer started celebrating the successful partnership with BMW Group which will continue throughout 2015. A management conference took place on March 9-10, with the attendance of Founder and Chairman Mohammed Yousuf Naghi, chief operations officer of Mohamed Yousuf Naghi & Brothers Group Zouhair Eloudghiri, SVP Automotive Premium Sector of Mohamed Yousuf Naghi & Brothers Group Anees Jamjoom, and MYNM MD Stavros Paraskevaides.
Naghi said: “We are delighted to have reached this significant milestone and I would like to thank our customers for their unwavering loyalty and support over the years, which has helped to make us one of the best performing BMW Group importers in the Middle East, achieving year-on-year success. I also want to thank each and every one of our 750 employees for their relentless dedication over the years.”
Johannes Seibert, MD, BMW Group Middle East, said: “This is a significant milestone to achieve. Over the past 25 years, we have seen sustainable growth in the Kingdom due to the company’s commitment to invest on all levels of the business. I would like to give special thanks to Mohamed Yousuf Naghi, and his management team for their continued support and dedication.”
Since 1990, the BMW Group has experienced robust growth and prosperity in the Kingdom with the support of MYNM, seeing car sales go from 265 in 1990 to a total of 4,239 cars sold in 2014. The partnership started with showroom and aftersales facilities in Riyadh, Jeddah and Alkhobar.
Paraskevaides said: “We will be offering our customers a number of exclusive offers throughout 2015 at all of our showrooms across the Kingdom.”

This article was first published in Arab News

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Nissan Saudi Arabia’s #SheDrives Campaign wins Gold at Cannes

Time: June 28, 2018

RIYADH — Nissan Saudi Arabia was awarded PR Gold Lion Award at Cannes Lions International Festival of Creativity for the #SheDrives Campaign, which was launched at the beginning of 2018. The campaign celebrated the Kingdom of Saudi Arabia’s historic decision to grant women driver’s licenses with Nissan Saudi Arabia offering a group of women a chance to get behind the wheel for the first time.

As part of #SheDrives, Nissan Saudi Arabia released an inspiring video that motivated women to embrace the exciting prospect of becoming fully licensed drivers in 2018. Nissan invited aspiring female drivers to build their confidence through a special driving session with a unique plot twist. Instead of having a stranger serve as their instructor, women were met by their respective husbands, fathers and brothers to take on the role of teacher for the day.

The campaign highlights Nissan Saudi Arabia’s commitment to support the Saudi government in empowering women and supporting their role as active members in Saudi society.

On this occasion, Bader Al Houssami, Chief Operating Officer at Nissan Saudi Arabia, said: “We are very happy with what Nissan Saudi Arabia achieved through the #SheDrives campaign aimed at encouraging women around the Kingdom through a clear message – when the time comes, the decision to drive, will be entirely yours. We wanted to show Saudi women that we understand what the right to drive means to them and would work to support them on this new journey. Winning a Gold Lion Award at Cannes Festival is wonderful recognition that #SheDrives was an inspirational way to celebrate this historic moment for women in the Kingdom.”

Since 1954, the Cannes Lions International Festival of Creativity has been bringing the creative communications industry together to celebrate the best of creativity in brand communications. To watch the #SheDrives campaign video, follow this link: https://my.nissan/She-drives.

This article was first published in Saudi Gazette

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How to rent a car if you are a woman visiting Saudi Arabia

Time: June 28, 2018

JEDDAH:  When I first tried to rent a car in Saudi Arabia, in the morning women were allowed to drive for the first time, I was told I couldn’t without a Saudi license, but one day, “Insha’Allah.”

Today, it was easy, and I became the first foreign woman to rent a car from Budget in the Kingdom. It just took a little time, as a Canadian woman who lives in the UAE, to figure out what was required.

“The law has just been implemented and it’s going to evolve over the coming months,” said Khalid Zahid, the COO of Budget Saudi Arabia.

He explained that while a GCC national can rent a car with a GCC license, for now a foreigner should have an international driving license, whether they have a GCC license or one from their home country. It was my lucky day. In the hopes of being able to drive on June 24 on my first visit to the Kingdom, I got one from Vasco Worldwide in Dubai. It has a counter on the same floor as VSF Tasheel, the visa services center in Wafi Mall.  It cost me just over Dh200. I needed to show my UAE license and provide a passport photo, and it was processed on the spot.

It looks like a UAE passport, with the falcon emblem in gold on the front. It’s valid for one year, and you may use it in other countries that require it too. The man who helped me at Vasco didn’t know if it would do the trick in Saudi Arabia; the only country he warned me that wouldn’t accept it is Japan.

There was a Budget desk in my hotel at the Jeddah Hilton, and there is also one in King Abdul Aziz International Airport, but Zahid suggested I pick up my vehicle straight from the Al-Hamra Corniche location.

Customer service executive Shahd Ismail Felimban was there to greet me at the counter. She asked for my international license, my Canadian passport and whether I wanted full coverage insurance (for SR61, I said yes). And then she congratulated me for being the first non-Saudi to rent a car from Budget Saudi Arabia.

My white Toyota Land Cruiser Prado was waiting right outside the door, and as I climbed into the driver’s seat, a few employees and onlookers gathered outside to see me off.

It’s a big vehicle for a little lady, but it makes me feel right at home on the roads of the Kingdom.

This article was first published in Arab News

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Abdul Latif Jameel

Time: June 02, 2018

Abdul Latif Jameel Company Ltd (عبد اللطيف جميل, abbreviated ALJ) is a Saudi Arabia-based diversified business active in 30 countries, with a focus on the Middle EastNorth Africa and Turkey (MENAT) region.[1] In addition to a core business of automobile sales, manufacturing, assembly, and engineering, ALJ has operations in the areas of consumer financial services, real estate development, power generation, environmental services and consumer retail.[2] It is one of the largest privately held companies in Saudi Arabia.[3]

History[edit]

The company was founded by Abdul Latif Jameel and began operations as a gas station in Jeddah in 1945. It began importing Toyota Land Cruiser automobiles in 1955 and became Toyota’s sole distributor in Saudi Arabia. Through its partnership with ALJ, Toyota became one of the most popular automobile brands in Saudi Arabia, with a market share periodically reaching as high as 40 percent.[3]

ALJ acquired a solar power business from the Spanish firm Fotowatio Renewable Ventures (FRV) in 2015. FRV’s portfolio included a controversial solar farm in MoreeAustralia, which The Australian reported may benefit from up to AUD 168 million in government subsidies.[4] The solar portfolio also includes three solar farms in Jordan that generate 435 million kWh annually.[5]

In 2016, ALJ announced plans to invest $2 billion of its own funds over the next five years, to include power generation projects and an expansion of its core motor vehicle business.[6]

Management[edit]

The company is owned and controlled by the Jameel family, which Forbes ranked as the fourth-richest family in the Arab world as of 2017, with a total estimated net worth of $2.2 billion. The founder, Abdul Latif Jameel, ran the company from its formation until his death in 1993, when his son, Mohammed Abdul Latif Jameel, became chairman and president.[7] Mohammed’s middle son, Hassan Jameel, serves as deputy vice chairman.[8]

See also[edit]

References[edit]

  1. Jump up^ “Our Locations”Abdul Latif Jameel. Retrieved 2017-09-27.
  2. Jump up^ “Welcome to Abdul Latif Jameel® – Opening new doors”Abdul Latif Jameel. Retrieved 2017-09-27.
  3. Jump up to:a b “Abdul Latif Jameel: A Saudi-Japanese success story”english.alarabiya.net. Retrieved 2017-09-27.
  4. Jump up^ “Solar farm defends itself over its renewable energy subsidies”www.theaustralian.com.au. Retrieved 2017-09-28.
  5. Jump up^ “Abdul Latif Jameel Energy to power over 120,000 homes in Jordan”Arab News. 2017-09-27. Retrieved 2017-09-28.
  6. Jump up^ “Saudi conglomerate Abdul Latif Jameel plans to invest $2bn over next five years”The National. Retrieved 2017-09-27.
  7. Jump up^ “The Arab World’s Richest Families 2017 – Forbes Middle East”Forbes Middle East. Retrieved 2017-09-28.
  8. Jump up^ “FBCG: Governance and succession planning crucial in family businesses”Family Business Council – Gulf. April 3, 2018. Retrieved May 4, 2018.

This article was first published in Wikipedia

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ALJ Motors concludes Women in Leadership forums

Time: May 17, 2018

JEDDAH — Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia, recently organized the second edition of the Women in Leadership forum at the Hussain Jameel Hall in Jeddah. The forum aims to support efforts to empower Saudi women and enhance their role in the Kingdom’s growth and development journey.

After the great success achieved in the capital Riyadh, The Jeddah forum was attended by 400 women, entrepreneurs and experts from different sectors, most notably: Dr. Zahra S. Almobei, family and psychology consultant; Dr. Hatoon Z. Kadi, college professor and media personality; Mrs. Fatima S. Batook, businesswoman and founder of Studio55 health club; and Mrs. Alanoud M. Al-Yamani, beauty expert at Le Salon.

The participants exchanged viewpoints and shared women’s experiences in the world of business and enterprise. The forum also included a session on safe driving presented by a representative of Careem.

Saleh Y. Kashmeri, events manager at Abdul Latif Jameel Motors, noted that organizing the forums comes within the framework of “Supporting government efforts seeking to raise the capabilities of Saudi women and grow their skills and potential. It also comes as part of Abdul Latif Jameel Motors’ efforts to contribute to achieving the objectives of the National Transformation Program 2020 and Vision 2030, and to work on creating a development context suitable for women’s participation in programs and projects being implemented at the national level.”

The last edition of the forum reviewed a series of success stories by Saudi women who managed to overcome the challenges they faced; becoming distinguished businesswomen and entrepreneurs both in KSA and abroad. In addition to the diverse activities, women participants were invited to experience driving Toyota vehicles through virtual reality technology. The forum also included a job fair targeting Saudi women, in addition to various infotainment activities.

Abdul Latif Jameel Motors had previously organized the Women in Leadership forum in the largest Toyota showroom in Riyadh, with the participation of women entrepreneurs, experts, and VIPs from the Saudi community. During the event, viewpoints were exchanged and experiences in the world of business and enterprise were showcased, among other activities.

Abdul Latif Jameel Motors participated as a Mobility Sponsor at the Women in Leadership Economic Forum recently held under the theme ‘Let’s Talk About Tomorrow’ at the Security Forces Officers Club in Riyadh, which was attended by a group of inspiring leaders, traders, entrepreneurs, VIPs, senior officials, and high potential graduate students in a gathering aiming to express diversity and celebrate change makers in this significant phase in the Kingdom.

 

This article was first published in Saudi Gazette

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