Global logistics provider Agility invests SR1bn in KSA

Time: October 20, 2019  

The new facility was inaugurated on Oct. 17.

Agility, a global logistics provider, has announced the opening of a new 900,000-square-meter logistics park in Riyadh, part of a series of investments in the country valued at SR1 billion ($267 million).

The new facility, inaugurated on Oct. 17, was developed by Agility Logistics Parks (ALP) and includes 250,000 square meter of built-up, high-standard warehousing and logistics facilities. The Riyadh ALP will serve leading multinationals as well as small and medium-sized businesses operating in Saudi Arabia.

Dr. Nabeel Alamoudi, Saudi minister of transportation, said: “The Kingdom of Saudi Arabia has focused on developing the logistics sector by building infrastructure and directing capital investments toward increasing logistics capabilities. Saudi Arabia is also enhancing and simplifying import and export procedures and easing restrictions, to facilitate and open investment opportunities in the country. The Logistics Committee and the National Industrial Development and Logistics Program are working toward achieving the goals set out in the Kingdom’s Vision 2030, and are proud to partner with the private sector to accomplish this.”

The development of the new Riyadh ALP is consistent with Saudi Arabia’s intent to become a regional and global logistics hub.

Henadi Al-Saleh, chairperson, Agility, said: “Agility is committed to building infrastructure that will strengthen the business environment for both multinationals and small and medium-sized businesses in the Kingdom. Our investments, valued at SR1 billion, are aimed at driving the development of logistics facilities across Saudi Arabia. The Agility Logistics Park in Riyadh represents our commitment to supporting the Kingdom’s Vision 2030 to become a regional and global logistics hub.”

This article was first published in Arab News

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Tawuniya recognized as ‘best Takaful company’ for 2019

Time: October 17, 2019  

Tawuniya’s head office is located in Riyadh. The company has introduced a range of innovative insurance services and products.

The Company for Cooperative Insurance (Tawuniya) has been recognized as “Best Takaful Company for 2019” by Global Islamic Finance Awards (GIFA), which specializes in classifying Islamic finance and insurance establishments.
Tawuniya won this award as a result of its implementation of the cooperative insurance concept since its foundation in 1986, its success in introducing Shariah-compliant Takaful insurance products and its investments, its commitment to Islamic standards in the accounting field, and its role in enhancing the innovation concept, governance and social responsibility.
Adel Al-Hamoudi, Tawuniya’s senior vice president (sales and marketing), said this success reflects Tawuniya’s efforts and commitment in introducing innovative services and products as well as its efforts to adjust its investments so that they are Shariah-compliant.

Adel Al-Hamoudi, Tawuniya’s senior vice president for sales and marketing.

Al-Hamoudi added that that this award will be an addition to distinctive awards and rankings Tawuniya obtained this year — the awards for the best electronic general insurance company, best innovative insurance company, and the golden award for quality and business prestige, as well as Tawuniya’s rank among top 10 brands.
He said that Tawuniya has several factors that qualify it to be the best Takaful company — its pioneering position in the Saudi insurance market; it is the first cooperative insurance company in the Kingdom and first Saudi company that applied the cooperative insurance concept by sharing the insurance surplus with clients for the first time in 1990.
He said Tawuniya has many competitive capabilities, such as its strong financial position, technical experience, insurance portfolio, including 60 types of insurance products in three main operating segments — medical insurance, motor insurance and property and casualty insurance, to meet the need of its clients, from major companies and small and medium enterprisers. Tawuniya also provides the largest network of sales in the Saudi market. Tawuniya developed its strategy for the future focusing more on the customer and has introduced more innovative insurance services and products.
The Global Islamic Finance Award is prestigious in the Islamic finance sector. It aims at encouraging Islamic finance excellence by honoring best practices.

This article was first published in Arab News

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Hyundai Palisade to accompany BTS in Riyadh

Time: October 07, 2019  

The seven-member boy-band, who are Hyundai Global Brand Ambassadors, will perform during Riyadh Season.

Hyundai Palisade, the new flagship SUV from Hyundai, will provide a ride for global superstars BTS during their much-anticipated visit to Saudi Arabia to perform as part of Riyadh Season.
The seven-member boy-band, who are Hyundai Global Brand Ambassadors, will perform during Riyadh Season as part of their “Love Yourself: Speak Yourself” world tour.
“We are very excited to be collaborating with BTS — one of the most globally popular music groups from Korea, the home of Hyundai — and to be supporting Riyadh Season,” said Mike Song, Hyundai’s head of operations for the Middle East and Africa.
“Saudi Arabia is giving its people new entertainment opportunities, and BTS will help us reach out to the younger generation of music fans in the Kingdom.”
With BTS gaining explosive global attention for their music and videos, their collaboration with Hyundai is the perfect platform to highlight Palisade’s bold, cutting-edge design and functions, including the masculine, ironclad-looking exterior and spacious, classy interior, the automaker said.

HIGHLIGHTS

• BTS are playing during Riyadh Season on their ‘Love Yourself: Speak Yourself’ world tour.

• Hyundai Palisade was launched in June, now available in Saudi Arabia

Launched regionally in June, Hyundai Palisade is riding a new SUV chassis, which is longer, taller and wider than the popular Santa Fe. The exterior design and interior finish are both worthy of a premium model, combined with new levels of all-road, all-weather capability, technology, safety, roominess and efficiency.
Established in 1967, Hyundai Motor Company’s range of vehicles and mobility services are available in more than 200 countries. Employing more than 110,000 employees worldwide, Hyundai sold more than 4.5 million vehicles globally. In 2018 the company revealed its new design philosophy “Sensuous Sportiness,” which will be embodied by all upcoming Hyundai vehicles.

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Target Engineering wins $74.67mn Saudi Aramco EPC contract

Time: October 07, 2019  

Arabtec Holding announced that its wholly-owned subsidiary Target Engineering Construction Company has been awarded a $74.67mn EPC contract from Saudi Aramco for the upgrade of a produced water disposal facility at Qatif’s gas oil separation plant (GOSP-1) in Eastern Province, Saudi Arabia.

Target’s scope of works includes the installation of a water oil separation vessel; water disposal pumps; water injection pumps; low-pressure de-gassing tank water draw-off pumps; and a pipeline to transfer oily water from Ju’aymah Terminal to Qatif’s GOSP-1.

Arabtec’s group CEO, Peter Pollard, commented: “We are pleased that Target has been awarded another project in the Kingdom of Saudi Arabia, strengthening our longstanding relationship with Saudi Aramco. This award adds to our pipeline of projects in the industrial infrastructure sector, consistent with our strategic priority to diversify our backlog.

This article was first published in Arabian Industry

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Target Engineering wins $74.6mn EPC contract from Saudi Aramco

Time: October 07, 2019  

Target Engineering, a unit of Arabtec Holding, won a $74.6mn engineering, procurement, and construction contract from Saudi Aramco to upgrade a produced water disposal facility at the Qatif gas oil separation plant in Saudi Arabia’s Eastern Province.

The scope of work includes installing a water oil separation vessel, water disposal pumps, water injection pumps, low-pressure de-gassing tank water draw-off pumps, and a pipeline to transfer oily water from Ju’aymah Terminal to the Qatif gas oil separation plant.

“This award adds to our pipeline of projects in the industrial infrastructure sector, consistent with our strategic priority to diversify our backlog,” said Arabtec group CEO Peter Pollard.

This article was first published in Arabian Industry

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Oracle Women’s Leadership initiative launched in KSA

05/10/19

Oracle has launched its global Oracle Women’s Leadership (OWL) initiative in Saudi Arabia. OWL’s mission is to develop, engage, and empower current and future generations of female leaders at Oracle.

“Oracle thrives on diversity. By building diverse and inclusive teams, we think more strategically and work more creatively. That’s why it’s crucial that we continuously leverage our powerful pool of female talent,” said Fahad Al-Turief, country leader — Saudi Arabia, Oracle.

This is yet another initiative by Oracle to support the implementation of Saudi Arabia’s Vision 2030 framework. The Oracle Cloud offers a complete suite of integrated applications for sales, service, marketing, human resources, finance, supply chain and manufacturing, plus highly automated and secure Generation 2 infrastructure featuring the Oracle Autonomous Database.

This article was first published in Arab News

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JIPCO new KSA distributor for Fuso Trucks & Buses

Time: September 29, 2019  

Mitsubishi Fuso Truck & Bus Cooperation (Fuso Trucks & Buses), a Japanese commercial vehicle manufacturer, has appointed Juffali Industrial Products Company (JIPCO) as their second distributor in Saudi Arabia. Fuso Trucks & Buses is a part of German-based Daimler Trucks, a leading truck manufacturer.

Daimler’s decision to appoint JIPCO has been based on JIPCO’s vast experience in distributing and servicing commercial vehicles in the Kingdom. Since 1976, E. A. Juffali & Brothers has represented Daimler Trucks in the Kingdom. Today JIPCO is representing the brands Mercedes-Benz, Western Star, Freightliner, Thomas Built Buses, MCV Buses, EvoBus, and now Fuso Trucks & Buses in Saudi Arabia.
Heiko Schulze, CEO of JIPCO and National Automotive Industry (NAI), said: “Being a Fuso distributor in the Kingdom will bring a fresh perspective to the commercial vehicle market as a full-range supplier.”

 We are looking forward to complementing our portfolio with Fuso Trucks & Buses in the light- and medium-duty range. We are confident that we will reach the same level of customer satisfaction, which we have achieved in the Kingdom for decades.”

This article was first published in Arab News

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PwC welcomes a record 104 Saudis in annual graduate intake

Time: September 29, 2019  

Riyadh Al-Najjar, PwC KSA Country Senior Leader

PricewaterhouseCoopers (PwC) in Saudi Arabia welcomed 104 new graduates to its offices in the Kingdom. The new graduates are part of a larger pool of 322 new graduates who joined PwC across its 12 offices in the Middle East.
With the Kingdom ushering in a new era of change and a strong focus on nurturing and developing its local talent, this year’s PwC graduate intake, a record of 100 percent Saudi nationals, is a testament to the efforts already underway. PwC aims to play its part in bringing the Kingdom’s Vision 2030 to life and contribute to the local economy.
Riyadh Al-Najjar, PwC KSA country senior leader, said: “With the ever-changing trends shaping our region — from technological breakthroughs all the way through to demographic, socioeconomic shifts, resource scarcity among others — helping the communities in which we live and work to navigate these waves and help solve their most important problems has always been part of our DNA as a firm.

INNUMBERS

100% of KSA graduates are Saudi nationals.

35% of KSA graduates are women.

“We are also extremely proud of the fact that almost 35 percent of our new grads are women — our desire to help build the future female leaders of tomorrow continues to be a key priority for our firm.”

PwC Middle East People Partner Emma Campbell said: “At PwC, we are proud to provide the opportunity for graduates to be themselves, to work on their individual growth and to unlock their potential by offering them a fulfilling career and a rewarding professional journey within the firm. Technology, automation and artificial intelligence are disrupting how we work in this rapidly changing world; yet human intervention is always needed to help us achieve our purpose.
“We are committed to developing young talent and to pave the way for the leaders of tomorrow as part of our continued confidence to invest in the region.”
The graduates attended an induction session in Dubai, in which they interacted closely with the Middle East leadership team and received an overview of the firm and its strategy.

This article was first published in Arab News

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Capillary Technologies eyes Saudi market

Time: September 23, 2019  

Capillary Technologies Founder and CEO Aneesh Reddy with Veda Holding Founder Fahad Alhokair signed the joint venture agreement.

Capillary Technologies, a software product company headquartered in Singapore, has entered the Saudi market, offering cloud-based software solutions to retailers and manufacturers.

Capillary has signed a joint venture agreement with Veda Holding, leading to the formation of a Saudi entity named “Capillary Arabia.”

The Riyadh-based Veda Holding was established in 2017 by Fahad Alhokair.

Capillary Technologies Founder and CEO Aneesh Reddy told Arab News: “Capillary is a 11-year-old firm, we started in 2008 from India and expanded to about 30 countries globally. We have 14 offices across China, Middle East and Southeast Asia.

“Over the decade, we have worked with hundreds of retailers, consumer brands and manufacturers on cloud-based software solutions, helping them to collect their customer data, derive actionable insights, connect one-on-one with consumers, set up an omni-channel store and build loyalty with consumers.”

He said artificial intelligence forms an integral part of their platform. “We have built the VisitorMetrix product, which accurately measures store visitors, gives detailed information on visitor demographics and stores conversion metrics. In the online world there are many tools available. We are the first one to build an offline click-stream, helping retailers know everything from store visit to purchase,” Reddy added.

He said that the company has worked with a number of large retailers in the Kingdom, such as Pizza Hut, Majid Al-Futtaim Group, KFC, Landmark Group, Herfy, and Alhokair group.

The company has had operations in the Middle East since 2012 and was dealing with customers in Saudi Arabia through its Middle East office.

“Saudi Arabia seemed to be a market where we did not have much of a presence, which is why we felt we should do a joint venture with one of the larger groups here and we saw great synergy with Veda Holding,” Reddy said.

“Under the joint venture with Veda, the product and the technology comes from us, while the local understanding and support comes from Veda. So it is a win-win situation for customers as most customers want us to have a local presence here and provide local support,” he added.

Reddy said consumers in the Kingdom are digitally aware as Saudi Arabia has one of the highest number of internet users in the world (80 percent).

“A very clear goal of Saudi Vision 2030 is the generation of more jobs in the retail sector and the focus on organized retail penetration up to 80 percent. This is aligned with what we aim to do in the retail market here. Vision 2030 also focuses on e-commerce and our products help in accelerating digital transformation in the Kingdom,” he added.

This article was first published in Arab News

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Digital media provider Intigral participates in Tamkeen Forum

Time: September 20, 2019  

Intigral’s participation was highlighted through a dedicated pavilion where it outlined its role in supporting Saudi talents through a plethora of programs.

Intigral, a provider of digital entertainment, sports and related solutions in the Middle East and North Africa, participated in the recent Tamkeen Forum, organized by the Ministry of Labor and Social Development and sponsored by Minister of Labor Ahmad bin Salman Al-Rajhi. The event took place on Sept. 17-18 in the Sultana Hall at the Crowne Plaza Hotel.

Intigral’s participation comes in line with its commitment toward supporting and empowering Saudi youth within the job market and supports the economic reform program established by Crown Prince Mohammed bin Salman as part of Saudi Vision 2030.

The forum aimed to gather companies that offer opportunities to social security beneficiaries, in addition to identifying their qualifications and providing them with appropriate work opportunities. This will in turn support the Saudi job market and transform it from a culture of dependency to independence to develop proactive generations that will contribute toward achieving the targets of the National Transformation Program 2020.

Intigral’s participation was highlighted through a dedicated pavilion where it outlined its role in supporting Saudi talents through a plethora of programs. Moreover, the forum presented 4,000 job opportunities from 50 companies, in addition to 32 workshops and 120 career guidance sessions.

This article was first published in Arab News

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