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Updated 11 sec ago
In a joint statement, the Embassy of Canada in Saudi Arabia and Tamimi Markets have announced the arrival of premium Canadian halal-certified Angus beef across Tamimi stores in Riyadh. Canadian Angus beef, which is among the highest quality in the world, is produced following rigorous food safety, sustainability, and quality inspection standards. Ambassador of Canada to Saudi Arabia Jean-Philippe Linteau attended the Canadian Angus beef launch event at Tamimi Markets, along with Bobby Rajendran, CEO of Tamimi Markets, and Abdulaziz Al-Tamimi, member of the board of directors of Tamimi Markets. Ambassador Linteau said: “I am delighted that top-quality halal-certified Canadian Angus beef is available to customers of Tamimi Markets in Saudi Arabia, just in time for Canadian Thanksgiving! I encourage everyone to look for it at Tamimi Markets.”

Rashid Hassan Riyadh
Updated 6 min 11 sec ago
Rashid Hassan Riyadh
October 12, 2023 00:29
The highly anticipated second EV Auto Show was held at Riyadh International Convention and Exhibition Center from Oct. 9-11. Electromin, an e-mobility turnkey solutions company wholly owned by Petromin Corporation, was the title sponsor of the event. Unveiling a future where mobility is sustainable, clean, and technologically advanced, Electromin launched its latest electric vehicle charging solutions during the three-day show. Taking a stand toward a sustainable future in transportation aligning with Saudi Vision 2030, Electromin took the stage to announce several strategic partnerships to advance the EV charging infrastructure across Saudi Arabia. The partnerships reflect a new era in the Kingdom’s transportation sector, promising comprehensive, smart, and sustainable EV charging solutions. In a key collaboration, YELO and Electromin joined forces to curate an extensive EV charging network, seamlessly integrating fleet electrification with a zero-emission future vision. Similarly, Sixt and Electromin have forged a partnership to establish a network of EV charging stations, propelling the sustainability and convenience of electric mobility across the nation. Further supporting seamless EV accessibility, Arsann and Electromin announced a partnership to create an intelligent EV charging network within parking facilities. Tamer Logistics and Electromin have partnered to revolutionize logistics, ensuring reduced emissions and enhanced sustainability by developing a robust EV charging infrastructure. Moreover, BUDGET and Electromin are sculpting an expansive EV charging station network. These partnerships underline Electromin’s steadfast commitment to empowering electric mobility and developing the EV charging infrastructure within Saudi Arabia, pivoting the Kingdom toward a future where transportation is cleaner and more sustainable. The show in its second year was bigger, better, and more eco-friendly, presenting the latest developments in the thriving EV ecosystem. Aftab Ahmed, chief adviser, automotive sector at the National Industrial Development Center, said: “It was an honor to participate as a panel member at the EV show in Riyadh. Once again excitement continues for the automotive sector. The show is a good event to connect with international and local players who are interested in the Kingdom’s auto sector and want to participate in Vision 2030’s industrial revolution.”
“The automotive sector is working as one team to develop the automotive ecosystem in Saudi Arabia,” he added. Fahad Nawaf Al-Saud, CEO of TurningPoint Renewable Energy, said: “The EV show is very important. We participated last year as well, and this year we saw more visitors as it is very important for Saudi consumers to get into electric vehicles to replace the traditional engine. We want to achieve the Saudi KPI, which mandates that 30 percent of the cars in Riyadh will be fully electric by 2030. This show gave confidence to the Saudi consumer.”
Yazan Zaben, director, Juffali Commercial Vehicles, said: “Participating in the EV Auto Show is a pretty good experience; we can see how the people are trying to meet the expectations of Vision 2030. We see there is a future for electric vehicles, especially in newly developed areas, such as NEOM and The Red Sea. This is a significant step toward the commitment on zero emission. This is why, we at Juffali, are investing in these zero-emission vehicles, with huge commercial production going on for electric vehicles.”
Abdulmuain Ahmed Al-Soufi, product line manager, Alfanar, said: “We have big plans, we are in a race against time and are investing to localize and improve all the EV charging local infrastructure, as well as providing safe end-to-end solutions to consumers as we are dealing with high power.”
“Alfanar is manufacturing the chargers as well as all the power installations. They will be compatible with all EVs as we have partnered with all the electric car manufacturers. We are following the Saudi Standards, Metrology and Quality Organization’s standards,” he added. Over the three days of the auto show, participants engaged in thought-provoking lectures and discussions presented by industry experts, delving into green urban planning, sustainable transportation, and the critical role of EVs in combating climate change. There was also an interactive EV Innovation Zone, where companies and entrepreneurs propelled innovation in the EV ecosystem and connected with influential experts. Updated 11 October 2023
October 11, 2023 22:59
ROSHN Group, a PIF giga-project and Saudi Arabia’s leading real estate developer, has launched the third edition of its Himam graduate leadership program to empower the next generation of Saudi leaders with the personal and professional skills and experience they need to thrive in the ambitious global economy of Vision 2030. Registration is now open until Oct. 15, to Saudi citizens who have recently graduated or have less than a year’s employment experience. Himam is a holistic 18-month, three-phase program combining internationally partnered academic programs with on-the-job training, alongside experienced and expert professionals within ROSHN to hone and expand participants’ skills. Himam offers participants the opportunity to interact with key individuals with extensive industry knowledge across multiple sectors, expanding horizons and broadening perspectives. Program graduates will join ROSHN, the diverse and internationally awarded “Best Place to Work,” where Saudi citizens make around 70 percent of the workforce and around 40 other nationalities bring ideas and expertise from across the globe. Nasreen Aldossary, chief human resources officer at ROSHN Group, said: “At ROSHN, we are committed to empowering talented Saudis to grow their skills, to provide them with the essential experience, and to fulfill their career’s ambitions in line with our commitment to Vision 2030, and our own Saudization goals. We believe that Himam’s participants will bring fresh perspectives and exciting new insights to ROSHN that are worthy of being incubated. This will ensure that as we grow, cross frontiers, and enter new markets, we are powered by a workforce equipped with exceptional problem-solving skills, a desire to succeed and grow, and a strong commitment to the ROSHN project and its values.”
ROSHN’s Himam program is designed to bring benefits to the entire company. Participants work with ROSHN’s upper, middle, and administrative teams in a way that allows them to share their ideas and unique perspectives, while gaining valuable personal and professional experience that will inform their entire careers. Select Himam graduates will also join ROSHN’s Youth Committee — which facilitates communication between experienced leadership and the ambitious new generation — giving these rising stars regular opportunities to meet with senior management to discuss their aspirations and contribute to the group’s development. This approach has proved popular in the graduate job market — since its inception in 2021, Himam has grown consistently, with participation increasing by more than 200 percent from 2021 to 2022, and more than 75 graduates from the program currently employed by ROSHN. Candidates can apply online through ROSHN’s website. Following a series of online and in-person tests and interviews, the program will begin on Nov. 25, with 25 successful candidates joining ROSHN. Applicants must be Saudi citizens and have a bachelor’s or master’s degree. Full eligibility requirements can be found on the website. Updated 11 October 2023
October 11, 2023 22:59
With October being marked with breast cancer awareness campaigns around the world, LuLu Hypermarkets in Saudi Arabia have innovatively linked two very important lifestyle campaigns. Customers are being encouraged to go green for the planet’s environmental health by buying LuLu’s stylish reusable shopping bags; each sale of these bags throughout October will result in a donation by LuLu to Zahra Breast Cancer Association’s nationwide breast cancer campaign. This is the sixth year that LuLu is joining hands with the Zahra Association for the campaign. The initiative under the hashtag #BuyGreenSupportPink will raise awareness for breast cancer survivors and also focus on the importance of early detection. As part of its employee support, LuLu has also arranged breast cancer awareness sessions for the group’s female employees and will amplify the sessions through podcasts in the X space. Customers can avail of awareness information through special kiosks set up in the hypermarkets. “At LuLu, we believe that the October initiative with the Zahra Breast Cancer Association is a valuable service to the families and women of Saudi Arabia,” said Shehim Mohammed, director, LuLu Saudi Hypermarkets. “We have combined two campaign objectives that support a brighter future and urge shoppers to join us in this noble project.”
The annual breast cancer awareness campaigns in October around the world help to spread awareness of early detection, self-examination and screening among people. Updated 11 October 2023
October 11, 2023 19:21
Saudi Awwal Bank has been heralded as a “national champion” at MENA Climate Week 2023. The event is currently underway in Riyadh, taking place from Oct. 8-12, at Boulevard Riyadh City, under the patronage of the United Nations Framework Convention on Climate Change. MENA Climate Week 2023 is focusing on climate actions including mitigation and adaptation whilst ensuring an inclusive approach that encompasses a wide range of voices. The three pillars are transformation, inclusion and solutions. Tony Cripps, CEO at Saudi Awwal Bank, said: “Saudi Arabia is the host of this year’s MENA Climate Week 2023, providing the Kingdom an opportunity to highlight its efforts to address climate change and SAB is proud to be a part of this event, which aligns with our national ESG and sustainability objectives.”
He added: “We’re excited to be a part of MENA Climate Week 2023 as we aim to be leaders in the financial sector addressing climate change and reducing its impact.”
The MENA Climate Week 2023 is being held ahead of COP28 in December. A key aim of this gathering is to present an opportunity for leaders to collectively voice regional climate impacts whilst showcasing progress on climate action to drive forward the Paris Agreement implementation at the regional level. SAB’s sponsorship is in line with its commitment to being a part of Saudi Vision 2030 as the Kingdom aims to lead the global stage on climate change and sustainability. Moreover, SAB was the official sustainable banking partner at the 13th edition of the Saudi Green Building Forum, which was held in Riyadh from Oct. 9-10. Updated 11 October 2023
October 11, 2023 18:04
Red Sea Global, the developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and AMAALA, has awarded Elevator Systems Contracting Company — Hyundai Elevators, multiple contracts for supplying and installing elevators at several prestigious resorts in Triple Bay at AMAALA. Drawing on their extensive experience operating in Saudi Arabia for more than 14 years, ESSCO has a proven track record of successfully delivering projects of all sizes in both high-rise and low-rise sectors. Offering a full spectrum of services covering the entire project life cycle, ESSCO is well-equipped to meet the demands of this high-profile assignment. “Today, we are excited to announce our partnership with Elevator Systems Contracting Company for the supply and installation of elevators in multiple resorts in AMAALA. ESSCO’s expertise and dedication to excellence perfectly align with our vision for creating world-class resorts and our commitment to responsible development,” said Fahad AlBalawi, head of construction at AMAALA for RSG. Sameer Shaukat Khan, CEO of ESSCO, said: “We are thrilled to be selected as the preferred partner for this prestigious project with AMAALA, where we will provide elevators for the iconic resort. With our rich history of delivering outstanding elevator solutions, we are honored to play a crucial role in this world-class development. We look forward to working closely with the project team to not only meet the highest standards of functionality and safety but also enhance the overall guest experience at AMAALA.”
Phase 1 of AMAALA, which focuses on the Triple Bay masterplan, is progressing well, and the first guests are set to be welcomed in 2025. The phase includes eight resorts with over 1,200 hotel keys. Upon completion, AMAALA will feature more than 3,800 hotel rooms across 29 hotels, along with approximately 1,200 luxury residential villas, apartments, and estate homes. The development will also offer high-end retail, fine dining, wellness, equestrian, and recreational facilities.

Tamimi Markets now offers Canadian Angus beef

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Updated 14 sec ago
The highly anticipated second EV Auto Show was held at Riyadh International Convention and Exhibition Center from Oct. 9-11. Electromin, an e-mobility turnkey solutions company wholly owned by Petromin Corporation, was the title sponsor of the event. Unveiling a future where mobility is sustainable, clean, and technologically advanced, Electromin launched its latest electric vehicle charging solutions during the three-day show. Taking a stand toward a sustainable future in transportation aligning with Saudi Vision 2030, Electromin took the stage to announce several strategic partnerships to advance the EV charging infrastructure across Saudi Arabia. The partnerships reflect a new era in the Kingdom’s transportation sector, promising comprehensive, smart, and sustainable EV charging solutions. In a key collaboration, YELO and Electromin joined forces to curate an extensive EV charging network, seamlessly integrating fleet electrification with a zero-emission future vision. Similarly, Sixt and Electromin have forged a partnership to establish a network of EV charging stations, propelling the sustainability and convenience of electric mobility across the nation. Further supporting seamless EV accessibility, Arsann and Electromin announced a partnership to create an intelligent EV charging network within parking facilities. Tamer Logistics and Electromin have partnered to revolutionize logistics, ensuring reduced emissions and enhanced sustainability by developing a robust EV charging infrastructure. Moreover, BUDGET and Electromin are sculpting an expansive EV charging station network. These partnerships underline Electromin’s steadfast commitment to empowering electric mobility and developing the EV charging infrastructure within Saudi Arabia, pivoting the Kingdom toward a future where transportation is cleaner and more sustainable. The show in its second year was bigger, better, and more eco-friendly, presenting the latest developments in the thriving EV ecosystem. Aftab Ahmed, chief adviser, automotive sector at the National Industrial Development Center, said: “It was an honor to participate as a panel member at the EV show in Riyadh. Once again excitement continues for the automotive sector. The show is a good event to connect with international and local players who are interested in the Kingdom’s auto sector and want to participate in Vision 2030’s industrial revolution.”
“The automotive sector is working as one team to develop the automotive ecosystem in Saudi Arabia,” he added. Fahad Nawaf Al-Saud, CEO of TurningPoint Renewable Energy, said: “The EV show is very important. We participated last year as well, and this year we saw more visitors as it is very important for Saudi consumers to get into electric vehicles to replace the traditional engine. We want to achieve the Saudi KPI, which mandates that 30 percent of the cars in Riyadh will be fully electric by 2030. This show gave confidence to the Saudi consumer.”
Yazan Zaben, director, Juffali Commercial Vehicles, said: “Participating in the EV Auto Show is a pretty good experience; we can see how the people are trying to meet the expectations of Vision 2030. We see there is a future for electric vehicles, especially in newly developed areas, such as NEOM and The Red Sea. This is a significant step toward the commitment on zero emission. This is why, we at Juffali, are investing in these zero-emission vehicles, with huge commercial production going on for electric vehicles.”
Abdulmuain Ahmed Al-Soufi, product line manager, Alfanar, said: “We have big plans, we are in a race against time and are investing to localize and improve all the EV charging local infrastructure, as well as providing safe end-to-end solutions to consumers as we are dealing with high power.”
“Alfanar is manufacturing the chargers as well as all the power installations. They will be compatible with all EVs as we have partnered with all the electric car manufacturers. We are following the Saudi Standards, Metrology and Quality Organization’s standards,” he added. Over the three days of the auto show, participants engaged in thought-provoking lectures and discussions presented by industry experts, delving into green urban planning, sustainable transportation, and the critical role of EVs in combating climate change. There was also an interactive EV Innovation Zone, where companies and entrepreneurs propelled innovation in the EV ecosystem and connected with influential experts. Updated 11 October 2023
October 11, 2023 22:59
With October being marked with breast cancer awareness campaigns around the world, LuLu Hypermarkets in Saudi Arabia have innovatively linked two very important lifestyle campaigns. Customers are being encouraged to go green for the planet’s environmental health by buying LuLu’s stylish reusable shopping bags; each sale of these bags throughout October will result in a donation by LuLu to Zahra Breast Cancer Association’s nationwide breast cancer campaign. This is the sixth year that LuLu is joining hands with the Zahra Association for the campaign. The initiative under the hashtag #BuyGreenSupportPink will raise awareness for breast cancer survivors and also focus on the importance of early detection. As part of its employee support, LuLu has also arranged breast cancer awareness sessions for the group’s female employees and will amplify the sessions through podcasts in the X space. Customers can avail of awareness information through special kiosks set up in the hypermarkets. “At LuLu, we believe that the October initiative with the Zahra Breast Cancer Association is a valuable service to the families and women of Saudi Arabia,” said Shehim Mohammed, director, LuLu Saudi Hypermarkets. “We have combined two campaign objectives that support a brighter future and urge shoppers to join us in this noble project.”
The annual breast cancer awareness campaigns in October around the world help to spread awareness of early detection, self-examination and screening among people. Updated 11 October 2023
October 11, 2023 22:59
ROSHN Group, a PIF giga-project and Saudi Arabia’s leading real estate developer, has launched the third edition of its Himam graduate leadership program to empower the next generation of Saudi leaders with the personal and professional skills and experience they need to thrive in the ambitious global economy of Vision 2030. Registration is now open until Oct. 15, to Saudi citizens who have recently graduated or have less than a year’s employment experience. Himam is a holistic 18-month, three-phase program combining internationally partnered academic programs with on-the-job training, alongside experienced and expert professionals within ROSHN to hone and expand participants’ skills. Himam offers participants the opportunity to interact with key individuals with extensive industry knowledge across multiple sectors, expanding horizons and broadening perspectives. Program graduates will join ROSHN, the diverse and internationally awarded “Best Place to Work,” where Saudi citizens make around 70 percent of the workforce and around 40 other nationalities bring ideas and expertise from across the globe. Nasreen Aldossary, chief human resources officer at ROSHN Group, said: “At ROSHN, we are committed to empowering talented Saudis to grow their skills, to provide them with the essential experience, and to fulfill their career’s ambitions in line with our commitment to Vision 2030, and our own Saudization goals. We believe that Himam’s participants will bring fresh perspectives and exciting new insights to ROSHN that are worthy of being incubated. This will ensure that as we grow, cross frontiers, and enter new markets, we are powered by a workforce equipped with exceptional problem-solving skills, a desire to succeed and grow, and a strong commitment to the ROSHN project and its values.”
ROSHN’s Himam program is designed to bring benefits to the entire company. Participants work with ROSHN’s upper, middle, and administrative teams in a way that allows them to share their ideas and unique perspectives, while gaining valuable personal and professional experience that will inform their entire careers. Select Himam graduates will also join ROSHN’s Youth Committee — which facilitates communication between experienced leadership and the ambitious new generation — giving these rising stars regular opportunities to meet with senior management to discuss their aspirations and contribute to the group’s development. This approach has proved popular in the graduate job market — since its inception in 2021, Himam has grown consistently, with participation increasing by more than 200 percent from 2021 to 2022, and more than 75 graduates from the program currently employed by ROSHN. Candidates can apply online through ROSHN’s website. Following a series of online and in-person tests and interviews, the program will begin on Nov. 25, with 25 successful candidates joining ROSHN. Applicants must be Saudi citizens and have a bachelor’s or master’s degree. Full eligibility requirements can be found on the website. Updated 11 October 2023
October 11, 2023 19:21
Saudi Awwal Bank has been heralded as a “national champion” at MENA Climate Week 2023. The event is currently underway in Riyadh, taking place from Oct. 8-12, at Boulevard Riyadh City, under the patronage of the United Nations Framework Convention on Climate Change. MENA Climate Week 2023 is focusing on climate actions including mitigation and adaptation whilst ensuring an inclusive approach that encompasses a wide range of voices. The three pillars are transformation, inclusion and solutions. Tony Cripps, CEO at Saudi Awwal Bank, said: “Saudi Arabia is the host of this year’s MENA Climate Week 2023, providing the Kingdom an opportunity to highlight its efforts to address climate change and SAB is proud to be a part of this event, which aligns with our national ESG and sustainability objectives.”
He added: “We’re excited to be a part of MENA Climate Week 2023 as we aim to be leaders in the financial sector addressing climate change and reducing its impact.”
The MENA Climate Week 2023 is being held ahead of COP28 in December. A key aim of this gathering is to present an opportunity for leaders to collectively voice regional climate impacts whilst showcasing progress on climate action to drive forward the Paris Agreement implementation at the regional level. SAB’s sponsorship is in line with its commitment to being a part of Saudi Vision 2030 as the Kingdom aims to lead the global stage on climate change and sustainability. Moreover, SAB was the official sustainable banking partner at the 13th edition of the Saudi Green Building Forum, which was held in Riyadh from Oct. 9-10. Updated 11 October 2023
October 11, 2023 18:04
Red Sea Global, the developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and AMAALA, has awarded Elevator Systems Contracting Company — Hyundai Elevators, multiple contracts for supplying and installing elevators at several prestigious resorts in Triple Bay at AMAALA. Drawing on their extensive experience operating in Saudi Arabia for more than 14 years, ESSCO has a proven track record of successfully delivering projects of all sizes in both high-rise and low-rise sectors. Offering a full spectrum of services covering the entire project life cycle, ESSCO is well-equipped to meet the demands of this high-profile assignment. “Today, we are excited to announce our partnership with Elevator Systems Contracting Company for the supply and installation of elevators in multiple resorts in AMAALA. ESSCO’s expertise and dedication to excellence perfectly align with our vision for creating world-class resorts and our commitment to responsible development,” said Fahad AlBalawi, head of construction at AMAALA for RSG. Sameer Shaukat Khan, CEO of ESSCO, said: “We are thrilled to be selected as the preferred partner for this prestigious project with AMAALA, where we will provide elevators for the iconic resort. With our rich history of delivering outstanding elevator solutions, we are honored to play a crucial role in this world-class development. We look forward to working closely with the project team to not only meet the highest standards of functionality and safety but also enhance the overall guest experience at AMAALA.”
Phase 1 of AMAALA, which focuses on the Triple Bay masterplan, is progressing well, and the first guests are set to be welcomed in 2025. The phase includes eight resorts with over 1,200 hotel keys. Upon completion, AMAALA will feature more than 3,800 hotel rooms across 29 hotels, along with approximately 1,200 luxury residential villas, apartments, and estate homes. The development will also offer high-end retail, fine dining, wellness, equestrian, and recreational facilities. NUMBER: 11% of Warefa’s total footprint is dedicated to open and green spaces. Updated 11 October 2023
October 11, 2023 00:00
ROSHN Group, Saudi Arabia’s leading real estate developer, has announced the opening of sales for Warefa, a new mixed-use residential community in Riyadh that places residents at the center of the city’s exciting new growth story and is within easy reach of the capital’s key locations. Building on the success of ROSHN’s flagship SEDRA development, Warefa will offer Saudi residents high-quality, integrated living in the rapidly developing district of Al-Janadriyah. To facilitate property ownership, ROSHN inaugurated a dedicated sales center, located in the eastern part of Riyadh, within the community. It features a detailed model of the project and various interactive technologies to showcase the community, units, and facilities within Warefa. In addition, there are dedicated offices and representatives of local banks within the sales center, providing financial planning services to customers and ensuring that their financial budgets align with the available options. They also offer advice on suitable payment methods and future commitments. Their role extends to assisting sales advisers by providing insights into the amount a customer is willing to pay, ensuring that ROSHN customers get precisely what they need and can afford. ROSHN’s goal is for the center to be a comprehensive one-stop shop, addressing all customer needs and providing the best services to facilitate long-term property ownership. Customers can schedule a visit to the center through the website. Customers can choose from the 1,609 units available for purchase in the first phase of the project, varying between villas, townhouses, and duplexes. “As we chart new horizons for ROSHN, our expansion into the heart of the capital is a testament to our dedication and vision. We’re introducing an innovative way of living to the eastern gateway of Riyadh. Warefa stands as the epicenter of a region poised to shape Riyadh’s dynamic transformation in the years to come. Here, families are nurtured and set to thrive amidst ROSHN’s signature blend of exquisite homes, verdant landscapes, pedestrian-friendly pathways, and a myriad of life-enhancing amenities. From top-tier educational establishments and a state-of-the-art healthcare center to a bustling district mall, artisanal shopping havens, and eclectic eateries and cafes, Warefa promises a holistic living experience. This journey deepens our sense of fulfillment and commitment,” said Jason Margetts, ROSHN Group’s chief sales officer. Developed over six vibrant neighborhoods and set over 1.4 million square meters, 11 percent of Warefa’s total footprint is dedicated to open and green spaces. ROSHN’s latest human-centric, integrated community places health, education, retail, leisure, sports, and civic amenities within a few minutes’ walking distance of residents’ front doors. With a focus on villas and street-level family dwellings, Warefa’s eight different floor plan options and designs inspired by local heritage and tradition offer beautiful and distinctive homes tailored to fit the needs of every family.

EV Auto Show returns to Riyadh, unveiling the future of e-mobility

Tony Cripps, CEO at Saudi Awwal Bank
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Updated 25 sec ago
Saudi Awwal Bank has been heralded as a “national champion” at MENA Climate Week 2023. The event is currently underway in Riyadh, taking place from Oct. 8-12, at Boulevard Riyadh City, under the patronage of the United Nations Framework Convention on Climate Change. MENA Climate Week 2023 is focusing on climate actions including mitigation and adaptation whilst ensuring an inclusive approach that encompasses a wide range of voices. The three pillars are transformation, inclusion and solutions. Tony Cripps, CEO at Saudi Awwal Bank, said: “Saudi Arabia is the host of this year’s MENA Climate Week 2023, providing the Kingdom an opportunity to highlight its efforts to address climate change and SAB is proud to be a part of this event, which aligns with our national ESG and sustainability objectives.”
He added: “We’re excited to be a part of MENA Climate Week 2023 as we aim to be leaders in the financial sector addressing climate change and reducing its impact.”
The MENA Climate Week 2023 is being held ahead of COP28 in December. A key aim of this gathering is to present an opportunity for leaders to collectively voice regional climate impacts whilst showcasing progress on climate action to drive forward the Paris Agreement implementation at the regional level. SAB’s sponsorship is in line with its commitment to being a part of Saudi Vision 2030 as the Kingdom aims to lead the global stage on climate change and sustainability. Moreover, SAB was the official sustainable banking partner at the 13th edition of the Saudi Green Building Forum, which was held in Riyadh from Oct. 9-10. Updated 11 October 2023
October 11, 2023 18:04
Red Sea Global, the developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and AMAALA, has awarded Elevator Systems Contracting Company — Hyundai Elevators, multiple contracts for supplying and installing elevators at several prestigious resorts in Triple Bay at AMAALA. Drawing on their extensive experience operating in Saudi Arabia for more than 14 years, ESSCO has a proven track record of successfully delivering projects of all sizes in both high-rise and low-rise sectors. Offering a full spectrum of services covering the entire project life cycle, ESSCO is well-equipped to meet the demands of this high-profile assignment. “Today, we are excited to announce our partnership with Elevator Systems Contracting Company for the supply and installation of elevators in multiple resorts in AMAALA. ESSCO’s expertise and dedication to excellence perfectly align with our vision for creating world-class resorts and our commitment to responsible development,” said Fahad AlBalawi, head of construction at AMAALA for RSG. Sameer Shaukat Khan, CEO of ESSCO, said: “We are thrilled to be selected as the preferred partner for this prestigious project with AMAALA, where we will provide elevators for the iconic resort. With our rich history of delivering outstanding elevator solutions, we are honored to play a crucial role in this world-class development. We look forward to working closely with the project team to not only meet the highest standards of functionality and safety but also enhance the overall guest experience at AMAALA.”
Phase 1 of AMAALA, which focuses on the Triple Bay masterplan, is progressing well, and the first guests are set to be welcomed in 2025. The phase includes eight resorts with over 1,200 hotel keys. Upon completion, AMAALA will feature more than 3,800 hotel rooms across 29 hotels, along with approximately 1,200 luxury residential villas, apartments, and estate homes. The development will also offer high-end retail, fine dining, wellness, equestrian, and recreational facilities. NUMBER: 11% of Warefa’s total footprint is dedicated to open and green spaces. Updated 11 October 2023
October 11, 2023 00:00
ROSHN Group, Saudi Arabia’s leading real estate developer, has announced the opening of sales for Warefa, a new mixed-use residential community in Riyadh that places residents at the center of the city’s exciting new growth story and is within easy reach of the capital’s key locations. Building on the success of ROSHN’s flagship SEDRA development, Warefa will offer Saudi residents high-quality, integrated living in the rapidly developing district of Al-Janadriyah. To facilitate property ownership, ROSHN inaugurated a dedicated sales center, located in the eastern part of Riyadh, within the community. It features a detailed model of the project and various interactive technologies to showcase the community, units, and facilities within Warefa. In addition, there are dedicated offices and representatives of local banks within the sales center, providing financial planning services to customers and ensuring that their financial budgets align with the available options. They also offer advice on suitable payment methods and future commitments. Their role extends to assisting sales advisers by providing insights into the amount a customer is willing to pay, ensuring that ROSHN customers get precisely what they need and can afford. ROSHN’s goal is for the center to be a comprehensive one-stop shop, addressing all customer needs and providing the best services to facilitate long-term property ownership. Customers can schedule a visit to the center through the website. Customers can choose from the 1,609 units available for purchase in the first phase of the project, varying between villas, townhouses, and duplexes. “As we chart new horizons for ROSHN, our expansion into the heart of the capital is a testament to our dedication and vision. We’re introducing an innovative way of living to the eastern gateway of Riyadh. Warefa stands as the epicenter of a region poised to shape Riyadh’s dynamic transformation in the years to come. Here, families are nurtured and set to thrive amidst ROSHN’s signature blend of exquisite homes, verdant landscapes, pedestrian-friendly pathways, and a myriad of life-enhancing amenities. From top-tier educational establishments and a state-of-the-art healthcare center to a bustling district mall, artisanal shopping havens, and eclectic eateries and cafes, Warefa promises a holistic living experience. This journey deepens our sense of fulfillment and commitment,” said Jason Margetts, ROSHN Group’s chief sales officer. Developed over six vibrant neighborhoods and set over 1.4 million square meters, 11 percent of Warefa’s total footprint is dedicated to open and green spaces. ROSHN’s latest human-centric, integrated community places health, education, retail, leisure, sports, and civic amenities within a few minutes’ walking distance of residents’ front doors. With a focus on villas and street-level family dwellings, Warefa’s eight different floor plan options and designs inspired by local heritage and tradition offer beautiful and distinctive homes tailored to fit the needs of every family. Updated 10 October 2023
October 10, 2023 22:47
Darb Al-Watan, a subsidiary of Hafil — part of the Mohamed Yousuf Naghi and Brothers Group — will soon commence its public transportation operations, following the signing of a contract for intercity public transportation services with the Transport General Authority earlier this year. The launch of Darb Al-Watan’s operations on Oct. 15 will mark a significant leap toward redefining urban mobility for the estimated 1.8 million passengers across 75 cities in the Kingdom who are expected to benefit from the services. The company will provide citizens with efficient, economical and safe travel options. The collaboration between Darb Al-Watan and TGA reaffirms both entities’ commitment to enhancing the public transportation infrastructure, echoing Saudi Vision 2030’s goal of achieving a connected nation. This partnership signifies a collective effort to drive innovation, reliability, and accessibility in the realm of public transportation. The launch of Darb Al-Watan’s operations will see the start of an exciting new era in public transportation. Its comprehensive network will feature 65 strategically placed bus stops and seven main stations in cities of the Eastern Province, such as Dammam, Jubail, Hafr Al-Batin and Buraida, which will be intelligently positioned to optimize passenger flow and convenience. Twenty-six lines will connect various cities, including some of the most used routes such as Makkah-Madinah and Jeddah-Dammam, ensuring coverage and connectivity for Saudi residents and citizens. Backed by a fleet of 134 modern buses equipped with advanced GPS tracking systems and surveillance cameras, passenger safety and efficient service delivery will be paramount. Moreover, there will be four depots and maintenance centers located in Dammam, Buraida, Riyadh and Makkah, allowing for efficient repairs and dispatch of buses. Darb Al-Watan not only aspires to transform public transportation, but also aims to be a catalyst for economic growth. The company is proud to be creating more than 400 employment opportunities for Saudi nationals, in line with Vision 2030’s objectives of enhancing employment prospects and contributing to the local economy. Chairman Sheikh Mohammed Yousuf Naghi said: “Our collaboration with TGA underscores our unwavering commitment to Vision 2030 and to revolutionize public transportation, ensuring citizens enjoy a safe, convenient and sustainable travel experience.”
Hans Nilsson, CEO of Darb Al-Watan, added: “The launch of our operations will be a milestone moment, redefining how people move within cities. Our great people, ultra-modern fleet, our upgraded infrastructure, and quality technology will step-by-step set new benchmarks in urban mobility and allow us to shape ourselves up to facilitate the transportation of the 8.9 million people who are expected to avail the public transportation facility in the next few years.”
The company has launched its website (www.darbalwatan.com), which can be used to learn more about the services, routes, schedules offered as well as to book tickets. The launch of Darb Al-Watan’s operations is a testament to the dedication and innovation showcased by both partners as well as the government’s commitment to providing its citizens with the latest amenities and facilities in terms of mobility. Updated 10 October 2023
October 10, 2023 22:49
Amazon Saudi Arabia recently hosted its annual Seller Summit in Riyadh, showcasing a suite of cutting-edge tools and services designed to empower small and medium-sized businesses in Saudi Arabia. These innovations are tailored to help SMBs reach millions of online customers and drive accelerated business growth, just in time for the busy end-of-year shopping season, with the White Friday sale, the biggest sale of the year on Amazon.sa, around the corner. The event brought together hundreds of Saudi sellers for immersive master classes to test and explore Amazon’s diverse solutions that simplify the selling partner journey from product listing, advertising and brand building, to shipping and fulfillment. To further accelerate the growth of local sellers, Amazon showcased its enhanced Arabic mobile seller app, making it more accessible and convenient for local businesses to manage their online stores from anywhere, in their language of choice. Participants at the Saudi Seller Summit heard directly from senior leaders and subject matter experts about leveraging Amazon’s latest capabilities to reach more customers, meet growth goals and drive success. Ronaldo Mouchawar, vice president of Amazon Middle East and North Africa, said: “At Amazon, our selling partners are a fundamental part of our customer-centric model, helping us offer what customers want — vast selection of millions of products across over 30 categories, at great prices. We also recognize the contribution of local businesses and SMBs to a country’s economic growth, diversification and job creation. Our annual Saudi Seller Summit delivers tailored solutions that address the needs of Saudi sellers, who are eager to be a part of the Kingdom’s Vision toward a digital economy.”
The Saudi Seller Summit celebrated the growth and success of 16 independent selling partners who excelled over the past year. Award winners were recognized for their performance related to customer satisfaction, delivery speed, and use of Amazon seller tools, among
other categories. Karim Ghandour, head of marketplace for Amazon Saudi Arabia, said: “We continue to work closely with our local selling partners to empower them for success through operational and strategic recommendations leveraging our local market expertise. The Saudi Seller Summit is organized every year ahead of the White Friday sale to ensure our selling partners are equipped to maximize their success such as boosting sales and acquiring new customers, during Saudi Arabia’s busiest shopping season. Our end-to-end advertising, brand-building and account management tools, supported by our shipping and fulfillment capabilities make it easier for our selling partners to reach millions of customers on Amazon.sa. Nabegh Alzaiter, an independent selling partner on Amazon.sa, said: “I look forward to Amazon’s Seller Summit every year not only to hear from Amazon, but also to connect with the Saudi seller community and celebrate our collective success. Moreover, the solutions that are showcased each year demonstrate just how closely Amazon is listening to its selling partners and how committed the company is to solving our unique challenges.”
Updated 10 October 2023
October 10, 2023 22:47
Thakher Development Company received the “Best Infrastructure Developer 2023” award in the real estate category at the Saudi Building and Infrastructure Awards 2023, which recently took place in Riyadh. The event was part of the second edition of Saudi Building and Infrastructure Summit 2023. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, said: “We are proud to receive this award, which is a testament of the support and trust in our efforts at Thakher Development Company, and of excellence in the field of construction and real estate development in the Kingdom of Saudi Arabia. We always aspire for more.”
The awards ceremony, attended by the region’s top business leaders and entrepreneurs, saw eminent businesses and companies across multiple industrial vertical sectors, including real estate development, hospitality, energy and many more, being recognized for excellence. Thakher Development’s Thakher Makkah project aims to contribute to Saudi Arabia’s ambitious vision, which aims to host 30 million Umrah pilgrims by 2030. The project spans an area of 320,000 square meters.

Saudi Awwal Bank is a ‘national champion’ at MENA Climate Week

14 Jun 2023
Keeping industry in motion with reliable and efficient power sources is a key requirement as is the increasing demand for improving energy efficiency across all manufacturing processes. Regenerative drive solutions are playing an important role in the quest for ‘Greener Energy’ alternatives and Drives, Motors and Control specialist YASKAWA have developed an impressive range of drives to meet these demands. Their latest range includes three main options; the U1000 Low Harmonics Regenerative Matrix Converter, the D1000 Power Regenerative Converter and the R1000 Regenerative Unit. A good example of where these regenerative drives have been successful is at Scunthorpe based CP Automation UK Ltd a long established supplier of harmonic filters, AC Drives and automation systems for heavy lifting industrial applications, such as Cranes and Elevators. Brian Preston, General Manager at CP Automation appreciates the advanced technology of the R1000 regenerative unit. He confirmed, “The Yaskawa series of regenerative solutions are an excellent option for our elevator and lift applications as the motor is acting as a generator for approximately 50% of its use. It enables energy that would have traditionally been ‘lost’ as heat through braking resistors to be regenerated back to the supply to be used elsewhere in the building. The result is a reduction of the overall power consumption of the building by up to 75% compared to non-regenerative drive solutions”. Brian continued, “We have successfully installed the Yaskawa R1000 regenerative units in hundreds of applications Worldwide to help lower overall building operating costs. This means we’ve delivered significant annual energy savings to building owners and tenants’ year-after-year during the life of the elevator”. In addition to the D1000 and R1000 Regen Units, commonly known as “Active Front End”, Yaskawa developed the U1000 Low Harmonics Regenerative Matrix Converter. These regenerative drives are ideal for single motor drive applications. For example; from power generation and low harmonics including lifts, escalators, HVAC machinery, hoists, centrifuges and many others. They are also approved for global marine installations. They don’t require any braking resistor which typically wastes any regenerative energy into heat. This means the regenerative energy can be utilised by other consumers in the same grid saving total energy cost and consumption, whilst also reducing the panel cooling system requirements. Also, their advanced technology means there is no DC bus inside combining all the essential features in a single space-saving drive design reducing THDi to 5% without the need for external transformers, generators or cables. Also, less parts means less maintenance. Other key features and benefits include; sinusoidal input current and power factor at  ̴ 0.98, simple and compact installation 3-wire in, reduced life-cycle cost, reliable operation and up to 10 years of maintenance-free design. The ability to deliver a clean and reliable power supply for regenerative applications is increasingly a ‘must have’ for all control applications and these Yaskawa drives contribute to delivering the all-important power quality, energy savings, whilst maximising system efficiency.

REGENERATIVE DRIVE SOLUTIONS GIVE A SIGNIFICANT LIFT TO ‘GREENER’ ELEVATOR SYSTEMS

Elevator Systems is Awarded 2016 Accredited Quality Contractor by ABC National
 
 
AQC 2016 logo
WEST CHESTER, Pa. - Oct. 12, 2016 - PRLog -- Kencor, Inc. has been awarded the prestigious honor of 2016 Accredited Quality Contractor (AQC) by Associated Builders and Contractors (ABC) National in Washington, DC. Kencor is the first Independent Elevator Company EVER to receive this award. Launched in 1993, ABC's AQC program documents a company's commitment to quality, safety, training, its community and its employees. Kencor has demonstrated an unwavering commitment to all of these areas in their corporate responsibility. With the success of their strong 80+ employee force, Kencor has committed themselves to creating a safe, engaging, and outstanding work environment. AQC members proudly set the construction-
industry standard as high performing, ethical contractors and members of their communities. Kencor is proud to join the league of extraordinary contractors in this role and strives to rejoin each year with the AQC recertification. Kencor is committed to delivering its clients high quality services while providing their employees the freedom to work, grow and prosper within the parameters of a merit-based construction market. Kencor Inc., Elevator Systems: https://kencorelevator.com/
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Kencor, Inc. Elevator Systems is Awarded 2016 Accredited Quality Contractor by ABC National

Corning

Recap

Elevator systems manufactures a complete line of non-proprietary elevator controllers for traction and hydraulic elevators.

Date	3/11/2020
Round	Recap
Amount
Investors	ShoreView Industries
Valuation	$99M
Revenue	0 FY undefined
Sources	1

First funding	3/11/2020
Last Funding	3/11/2020
Investor	ShoreView Industries
Rounds	1 Recap
Board Seats
Type	Private Equity
Location	Minnesota

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