Infoblaze Saudi Arabia, dubai south, Dubai (2024)

22/11/2024

's Season Boosts Local Markets

The Aseer region is currently experiencing the bountiful Sidr honey season, with local markets flooded with high-quality honey produced from the nectar of Sidr trees.

The recent heavy rainfall in the region has led to a prolific flowering of Sidr trees, providing ideal conditions for bees to produce abundant and flavorful honey.

Sidr honey, renowned for its numerous health benefits, is particularly prized for its antioxidant properties and ability to strengthen the immune system.....
https://bit.ly/3APK7I3

22/11/2024

and sign a Framework Agreement to advance expansion

Aramco, one of the world’s leading integrated energy and chemicals companies, Aramco affiliate Saudi Aramco Jubail Refinery Company (SASREF), and an affiliate of Rongsheng Petrochemical Co. Ltd. (Rongsheng Petrochemical) have signed a Development Framework Agreement in Beijing, China, that paves the way for an expansion project at SASREF in Jubail, Kingdom of Saudi Arabia.

The tripartite agreement outlines the cooperation mechanism and planning relating to the design and development of the project, which aims to expand SASREF’s refining and petrochemical capabilities while fostering international collaboration....
https://bit.ly/491mYik

18/11/2024

Riyadh Air unveils world-class digital channels designed to transform the travel industry with hyper-personalization

- Seamless technology enables travelers to book the whole trip in one place, combined under one order in a shareable basket

- Other features include unlimited smart personalization AI that offers individual options tailored to the needs of guests, such as last-minute fast track, additional checked bags, lounge access, events, accommodation, transfers, and much more

- "Riyadh Air’s digital offering evokes a time when the aviation sector was pioneering travel – we will be at the forefront of innovation when it comes to booking travel experiences" – Tony Douglas, CEO, Riyadh Air

Riyadh Air has unveiled its new world-class digital offering, designed to change the way people interact with airlines through personalized experiences that make traveling much easier. Riyadh Air’s seamless digital offering enables numerous travelers to book their whole trip in one place, combining multiple itineraries under one order and adding optional extras with the airline being able to respond to any context and any customer.....
https://bit.ly/4hQSN1n

Riyadh Air

18/11/2024

, , and break ground on new refining and petrochemical project in

- Greenfield project is expected to be fully operational by end of 2030

- Integrated refining and petrochemical project aims to maximize chemical output

- Complex expected to supply around five million tons per year of feedstock to Gulei Petrochemical Base

Aramco, one of the world’s leading integrated energy and chemicals companies, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have today broken ground on a new integrated refining and petrochemical complex in Fujian Province, China.

The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million tons-per-year ethylene unit, a two million tons paraxylene and downstream derivatives capacity, and a 300,000 tons crude oil terminal. FPCL, a 50:50 joint venture between SINOPEC and Fujian Petrochemical Industrial Group Company, will own a 50% stake in the complex, with Aramco and SINOPEC each taking a 25% stake. The project is expected to be fully operational by the end of 2030....
https://bit.ly/3UZ6JMT

12/11/2024

expands premium services in Saudi Arabia with launch of Chauffeur-Drive Service for First and Business Class passengers in

- Kingdom’s capital first destination in the region to offer Chauffeur-Drive service to premium customers

- Emirates only exclusively airline offering the service in Riyadh

Emirates, the world’s largest international airline, has introduced Chauffeur-Drive Services (CDS) in Riyadh, further elevating the travel experience for discerning premium passengers arriving at and departing from King Khalid International Airport.

Emirates customers travelling in First and Business Class will enjoy a stress-free, comfortable journey with a door-to-door experience that reflects the airline’s exceptional onboard experience and premium services

First and Business Class customers can request for CDS on any of the airline’s three daily flights to and from Riyadh. The exclusive service is complimentary for customers within a 100-kilometre radius of the airport. Excess Mileage will apply for areas beyond the served radius*. Emirates Chauffeur-Drive Services are currently offered in over 70 cities within the Emirates’ network.

Emirates’ Chauffeur-Drive service can be booked through Manage My Booking option on www.emirates.com or Emirates’ call centres as well as through travel agents.......
https://bit.ly/3UOaGEb

04/11/2024

Riyadh Air secures inaug. SAR 5b revolving credit facility from 8 leading fin. institutions in KSA & GCC region

- Closing includes SAR 3.0 billion Revolving Credit Facility with a further SAR 2.0 billion available through a committed accordion option

- This strategic financial arrangement highlights Riyadh Air's strong market positioning and confidence in its ability to make a significant impact in the aviation sector

Riyadh Air, the ambitious new startup airline wholly owned by the PIF (Public Investment Fund), Saudi Arabia’s sovereign wealth fund, announced the successful closing of its inaugural self-arranged Islamic Revolving Credit Facility amounting to SAR 3.0 billion. The facility also includes a committed accordion option for an additional SAR 2.0 billion. The one-year, unsecured financing agreement has been secured with eight leading financial institutions: Arab National Bank (anb), Al Rajhi Bank, Gulf International Bank (GIB), Emirates NBD (ENBD), Riyad Bank, Banque Saudi Fransi (BSF), Saudi Awwal Bank (SAB), and Saudi National Bank (SNB)....
https://bit.ly/3C9VJWp

Al Rajhi Bank (مصرف الراجحي)
البنك العربي الوطني - anb
GIB
Emirates NBD بنك الإمارات دبي الوطني
Banque Saudi Fransi
Riyad Bank بنك الرياض
SAB
SNBAlAhli

Riyadh Air

04/11/2024

Aramco and Riyadh Air explore collaboration opportunities

- Companies sign MoU with a focus on potential collaboration across multiple areas, including but not limited to fuel supply and sustainability initiatives

- MoU signed during FII 8th Edition in Riyadh

Aramco, one of the world’s leading integrated energy and chemicals companies, and Riyadh Air, the Kingdom of Saudi Arabia's new premium international airline, have signed a Memorandum of Understanding (MoU) during the FII 8th Edition in Riyadh. The MoU sets the stage for potential collaboration in areas such as low-carbon fuel supply and sustainability.....
https://bit.ly/4fcJ1os

aramco
Riyadh Air

04/11/2024

Ma’aden picks up the pace as it launches global partnership with Aston Martin Aramco Formula One® Team

The Saudi Arabian Mining Company, Ma’aden, the largest mining and metals company in the Middle East and fastest growing in the world, has announced that it has signed a new multi-year, global partnership with the Aston Martin Aramco Formula One® Team.

The partnership will be integral to the company’s ongoing transformation as it aims to attract and retain top talent that will help facilitate ambitious growth over the coming years.

Together, Ma’aden and Aston Martin Aramco will drive forward a technology-led, sustainably conscious new generation of mining, to become an employer of choice in the Kingdom. In addition, the partnership provides Ma’aden a platform to drive brand awareness on a global scale in support of its ambitious 10x growth strategy.....
https://bit.ly/3Aum80J

Aston Martin Aramco Formula One Team
Ma'aden | Saudi Arabian Mining Company
aramco

04/11/2024

Red Sea Global Partners Achieve Financial Close on Multi-Utilities Infrastructure Facility at AMAALA Tourism Destination

- Consortium, led by EDF Group and Masdar, alongside their partners Korea East-West Power Co. (EWP) and SUEZ, secured finance from local and global financial institutions

- Overall project build cost is approximately 1.5 billion USD

- New multi-utility infrastructure facility will service AMAALA, saving 350,000 tons of CO2 emissions annually

- Developed by Red Sea Global, regenerative destination AMAALA is expected to start welcoming guests in 2025

Red Sea Global (RSG), the developer behind regenerative tourism destinations AMAALA and The Red Sea, has today announced that a consortium led by EDF Group and Masdar, alongside their partners Korea East-West Power Co. (EWP) and SUEZ, has reached the financial close for a multi-utilities infrastructure facility at AMAALA. The overall project build cost is approximately 1.5 billion USD. Developed by RSG, AMAALA is a new destination with wellness at its core, nestled along the Red Sea coast of the Kingdom of Saudi Arabia and expected to start welcoming guests in 2025....
https://bit.ly/3YxFCJV

| Red Sea Global

Masdar

03/11/2024

PIF signs memorandums of understanding with five leading Japanese financial institutions

PIF today announced the signing of five memorandums of understanding (MoUs) worth up to $51 billion with leading Japanese financial institutions.

These MoUs were signed with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation (JBIC), and Nippon Export and Investment Insurance (NEXI).

The MoUs are a key part of PIF’s strategy to boost financial collaboration globally, enhancing cooperation in finance, investment and sustainable development. They cover a variety of areas, including encouraging two-way capital flows through both debt and equity....
https://bit.ly/4fv62Th

PIF

03/11/2024

The Red Sea’s newest luxury resort hashtag now taking reservations

Reservations are now open for stays at Shebara, a prime destination in Saudi Arabia’s Red Sea, offering timeless experiences in an extraordinary setting

Red Sea Global, the developer behind regenerative tourism destinations The Red Sea and AMAALA, is excited to announce that Saudi Arabia’s newest luxury resort, Shebara, and the fourth to open its doors at The Red Sea destination will be welcoming guests from November 2024.

Shebara, the first to open of RSG’s owned and operated resorts, is built to offer luxury, sustainability, and innovation converging to redefine how tourism is delivered. The resort provides direct access to an extraordinary marine environment where guests can enjoy diving in some of the most pristine, biodiverse waters in the world.

Its unrivaled hospitality is rooted in the Saudi tradition of Hafawah - which encapsulates generosity, consideration, and kindness
– offering guests unique, timeless, and extraordinary experiences.

“We are immensely proud to open Shebara to the world, yet another remarkable milestone for Red Sea Global and Saudi tourism. This luxury and truly one-of-a-kind resort embodies our commitment to innovative design and sustainable tourism. I am genuinely excited for our first guests to experience the unparalleled beauty and serenity of Shebara, where every detail has been crafted to create unforgettable memories,” said John Pagano, Group CEO of Red Sea Global.....
https://bit.ly/4edA3Gq

Red Sea Global

03/11/2024

PIF signs memorandums of understanding with five leading Japanese financial institutions

PIF today announced the signing of five memorandums of understanding (MoUs) worth up to $51 billion with leading Japanese financial institutions.

These MoUs were signed with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation (JBIC), and Nippon Export and Investment Insurance (NEXI).

The MoUs are a key part of PIF’s strategy to boost financial collaboration globally, enhancing cooperation in finance, investment and sustainable development. They cover a variety of areas, including encouraging two-way capital flows through both debt and equity....
https://bit.ly/4fv62Th

PIFPIF

🇯🇵

29/10/2024

NEOM Board of Directors showcases progress with opening of , a new luxury travel destination in the Red Sea

Sindalah, the luxury island destination and first physical showcase of NEOM, has been unveiled by the NEOM Board of Directors. First announced by His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Board of Directors in December 2022, Sindalah’s opening marks an exciting milestone in NEOM’s progress.

Transforming Sindalah from idea to reality has been the result of an extensive two-year effort, from a 30,000-strong workforce at its peak across four local contracting partners and up to 60 subcontractors. It marks a significant step in realizing the Kingdom’s tourism ambitions under Saudi Vision 2030 and reaffirms NEOM's ability to conceive and deliver new and exciting destinations. To celebrate this occasion, Sindalah has welcomed its first wave of invited guests to experience the island's allure.....
https://bit.ly/4fm4xqF

NEOM
Red Sea Global

24/10/2024

SDAIA Equips Over 11,000 Teachers with AI Skills to Foster Future Generation of AI Pioneers

The Saudi Data and Artificial Intelligence Authority (SDAIA) prioritizes the enhancement of national competencies in data and artificial intelligence by implementing advanced training and development programs. These initiatives aim to elevate awareness across various demographics regarding these technologies and bolster global competitiveness. This effort aligns with SDAIA's mandate to supply data and innovative capabilities, thereby fulfilling the objectives of Saudi Vision 2030, which seeks to cultivate national competencies for the advancement of the Kingdom's present and future.

On World Teachers’ Day, SDAIA demonstrates its commitment to the mission of educators by offering various programs aimed at enhancing teachers' understanding of data technologies and artificial intelligence, equipping them with essential skills to effectively impart this knowledge to students across different levels of public education in the Kingdom. Over 11,000 teachers have been trained in these technologies and received a suite of educational and developmental programs in data and artificial intelligence, fostering a generation capable of advancing the Kingdom's global standing and fostering the industry of intelligent future leaders......
https://bit.ly/3Ybeq3u

21/10/2024

PIF announces the establishment of company to meet growing staff accommodations demand

- Sarcc will provide quality, modern staff accommodations

- The company will address growing local demand

PIF announced the establishment of the Smart Accommodation for Residential Complexes Company (sarcc), a new property developer and operator of housing for staff of major construction and development projects across Saudi Arabia. The company will meet growing demand for accommodation solutions for both public and private projects throughout the country.

Sarcc will be instrumental in leading the evolution of the accommodation market, through developing and operating complexes for staff in Saudi Arabia. The company will seek opportunities to invest in the sector, in order to strengthen standards for staff housing. Accommodations provided or sourced by sarcc will be designed to meet recognized international standards set by the International Finance Corporation (IFC) – part of the World Bank Group – and the European Bank for Reconstruction and Development (EBRD).....
https://bit.ly/3UhkdDE

PIF

21/10/2024

Red Sea Global introduces cutting-edge Free-Space Optics technology to deliver super-fast internet at remote island destination

The Free Space Optics (FSO) communication technology uses invisible beams of light to wirelessly transmit data.

The FSO technology utilized in this project leverages invisible beams of light to wirelessly transmit data, enabling high-speed communication without the impracticalities often associated with physical connections like optical fiber. This approach is particularly valuable in remote areas where costs or geographical challenges may hinder traditional network deployment. The FSO tech is capable of transmitting data over distances of up to 20 kilometers, achieving two-way speeds nearing 20 gigabits per second.

Sultan Abdullah Alhadlag, Vice President of Marketing & Business Development at Zain KSA said: “Based on our commitment as a leading digital service provider in the Kingdom, we have worked to develop our business system and harness the latest innovations to sustainably serve the Kingdom’s economy and society in line with Saudi Vision 2030. Through our strategic partnership with RSG, we delivered an unprecedented qualitative approach to the concept of digital services by providing Sheybarah Island with a super-fast 5G network using ultra-long-range FSO operational link.....
https://bit.ly/48ggI60

Free-Space Optics
Red Sea Global

07/10/2024

Riyadh Air and FII Institute join forces for global impact

Riyadh Air is delighted to announce a strategic partnership with the FII Institute. This collaboration marks a significant milestone for both organizations, uniting their shared commitment to driving positive global impact. As an international, inclusive platform, the FII Institute fosters collaboration among leading minds to develop innovative solutions for the world's most pressing challenges.

By joining forces, Riyadh Air gains exclusive access to the FII Institute's network, including participation in the prestigious annual flagship Conference and other international summits; opportunities to interact with world-renowned leaders, policymakers, investors, and innovators and access to in-depth analysis and insights on global trends, emerging technologies, and pressing challenges....
https://bit.ly/480QcO2

Riyadh Air
FII Institute

03/10/2024

Inbound Visitor Spending in First Half of 2024 Reaches SAR92.6 Billion, Says Ministry of Tourism

The Ministry of Tourism announced in a press release today that Saudi Arabia saw a notable 8.2% growth in inbound visitor spending during the first half of 2024 compared to the same period in 2023, reaching around SAR92.6 billion.

The Kingdom also recorded a surplus in the travel account of around SAR41.6 billion.

The growth in spending by inbound visitors to Saudi Arabia reflects the significant progress made by the tourism sector. According to UN Tourism, Saudi Arabia led G20 countries in international tourist arrivals and in the growth rate of international tourism receipts in the first seven months of 2024 compared to the same period in 2019.....
https://bit.ly/4eQ1Xc2

Ministry of Tourism | وزارة السياحة

Via www.spa.gov.sa