Riyadh Air fast tracks digital expansion with Oracle software

Riyadh Air fast tracks digital expansion with Oracle software
Riyadh Air has chosen Tech Mahindra as the implementation partner for this initiative, which will help them evolve as the world’s first digitally native airline.
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Updated 11 February 2024
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Riyadh Air fast tracks digital expansion with Oracle software

Riyadh Air fast tracks digital expansion with Oracle software

Riyadh Air, Saudi Arabia’s new world-class airline, has selected Oracle Fusion Cloud Applications Suite to efficiently manage its core business operations after a competitive bidding process. The services include digitizing finance, supply chain, and human capital management. The implementation will help Riyadh Air develop a modern, scalable, and secure business platform to enable data-driven decision-making, reduce costs, enhance employee engagement, and streamline procurement processes. Riyadh Air has chosen Tech Mahindra as the implementation partner for this initiative, which will help Riyadh Air evolve as the world’s first digitally native airline. Tech Mahindra is a provider of digital transformation, consulting, and business re-engineering services and solutions.

Adam Boukadida, chief financial officer at Riyadh Air, said: “Riyadh Air aims to disrupt the future of air travel and as part of our vision we need to be at the forefront of innovation and technology. A key part of this approach is to partner with world-class experts as we build technical capabilities that enable us to deliver a seamless digital-first experience to our guests.”

Since it launched in March 2023, Riyadh Air has signed several technology and engineering partnerships to enhance Riyadh Air’s offerings, services, and operational models, and set new standards in aviation sustainability and innovation. The airline now has major agreements with Lufthansa Systems, IBM Consulting, Accenture, Swiss AS, CAE, and Microsoft.

“Riyadh Air represents the true ambition, capability, and global outlook of Saudi Arabia. The Kingdom’s aviation sector is rapidly expanding, and Riyadh Air will play a vital role in helping Saudi Arabia achieve its 2030 aviation goals that aim to outpace global growth,” said Reham Al-Musa, vice president — cloud applications, Saudi Arabia, and managing director at Oracle Saudi Arabia. “Riyadh Air represents a major moment for the aviation industry, and with the implementation of Oracle Fusion Applications, the airline is preparing a future-ready digital platform that will help drive rapid growth, nurture a truly connected workforce, prepare a resilient supply chain, and deliver a unique digital experience to the modern-day global traveler.”

Under this initiative, Riyadh Air will deploy Oracle Fusion Cloud Enterprise Resource Planning, Oracle Fusion Cloud Human Capital Management, and Oracle Fusion Cloud Supply Chain and Manufacturing. Oracle Fusion Applications will enable Riyadh Air to take advantage of the cloud and break down organizational silos, standardize processes, and manage finance, supply chain, and HR data on a single integrated platform. With quarterly update cycles, Oracle Fusion Applications provides access to continuous innovation so the airline can make faster and better decisions and outpace change.

“In the era of digitization, industries demand innovative solutions for enhanced efficiency and customer experiences. Tech Mahindra is committed to advancing Saudi Arabia’s digital future by delivering cutting-edge solutions. As a digital transformation leader, we recognize the vital role technology is playing in driving innovation. With extensive experience in implementing Oracle for airlines, we are well-equipped to support Riyadh Air’s digital transformation journey. We look forward to working together to build a future-ready foundation for the airline industry,” said Vikram Nair, president, EMEA business, Tech Mahindra.


Badael opens second manufacturing facility in Jeddah to address rising demand

Badael opens second manufacturing facility in Jeddah to address rising demand
Updated 17 sec ago
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Badael opens second manufacturing facility in Jeddah to address rising demand

Badael opens second manufacturing facility in Jeddah to address rising demand

Badael, a PIF company, inaugurated its new manufacturing facility at MODON — Saudi Authority for Industrial Cities and Technologies Zones — Asfan, in Jeddah.

The new manufacturing site consists of an extensive nicotine powder mixing facility, an R&D lab, a dedicated test line, a QC lab, and a second high-speed manufacturing line, which is installed to ramp up the supply of DZRT tobacco-free pouches to meet the surge in demand that the market has seen over the past year.

Badael Company’s Chief Executive Officer Tolga Sezer said: “We are committed to our mission to help 1 million smokers quit smoking by 2028. The inauguration of our new manufacturing site and the line in Jeddah is a testament to Badael’s steadfast dedication to meeting the demand for our Saudi-made product, DZRT.

“Our new facility will leverage state-of-the-art manufacturing processes that utilize global standards in nicotine pouch production under world-class quality standards and sustainable environmental practices.”

The inauguration of the MODON facility will further enable Badael to deliver on its vision and mission by supporting economic diversification, creating local opportunities, enabling healthcare savings, and driving sustainability.


AQAR marks 10 years of success as Saudi Arabia’s leading real estate platform

AQAR marks 10 years of success as Saudi Arabia’s leading real estate platform
Updated 11 September 2024
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AQAR marks 10 years of success as Saudi Arabia’s leading real estate platform

AQAR marks 10 years of success as Saudi Arabia’s leading real estate platform

With over 10 years of experience in the real estate technology industry, AQAR has established itself as the ultimate destination for comprehensive real estate solutions in Saudi Arabia. Available as both a website and a mobile app on iOS and Android, AQAR provides a seamless platform for property seekers and advertisers alike.

AQAR simplifies the search process for those looking to buy or rent properties across all cities and regions of the Kingdom. Beyond just listings, AQAR offers a range of services, including financing, leasing, real estate data analysis, and marketing. These services aim to meet the diverse needs of customers while contributing to the regulation of the Saudi real estate market. AQAR is committed to achieving the highest user satisfaction by maintaining top-quality standards and fostering strong connections between buyers, sellers, real estate seekers, and both government and private entities.

A decade of success

AQAR’s journey began over a decade ago, building a robust experience with its clients to become the leading name in innovative real estate solutions. AQAR leads the prop-tech market in Saudi Arabia. Some of the key metrics are: 233 billion documented values of properties listed on the platform, 400 million monthly searches conducted on the platform, 35 million monthly listings views, 12 million app downloads on iOS and Android, and 2 million active users per month.

What does AQAR offer?

AQAR offers a comprehensive suite of services catering to diverse segments of the real estate market. For general services, the platform provides a vast database of real estate listings for both sale and rent, a detailed property map showcasing all residential projects, a streamlined process for obtaining real estate advertising licenses, efficient leasing services, and a robust property management system. Additionally, AQAR generates comprehensive data reports to analyze market trends and user interactions across different regions. For developers, AQAR offers project showcasing on its map with detailed unit information and project features, targeted messaging to verified users, and effective digital marketing strategies to reach potential buyers. Finally, AQAR provides flexible real estate office plans designed to assist real estate offices and brokers in managing their listings efficiently.

The ‘Dufaat’ rent now, pay later service

AQAR has introduced the “Dufaat” service, which allows tenants to convert annual rental payments into monthly installments. This system also ensures landlords receive full and secure payments, making the leasing process simpler and more efficient on the AQAR platform.

Future aspirations

AQAR is dedicated to continuously providing innovative services in the real estate market, enhancing partnerships with financial institutions, and improving the user experience to attract new target audiences and foster sustainable growth.


BSF-AstroLabs program boosts Saudi fintech talent

BSF-AstroLabs program boosts Saudi fintech talent
Updated 10 September 2024
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BSF-AstroLabs program boosts Saudi fintech talent

BSF-AstroLabs program boosts Saudi fintech talent

Bank Saudi Fransi and AstroLabs, a business expansion platform in the Gulf, have announced the successful conclusion of the second cohort of their flagship “Banker Technologist” program, which seeks to expand Saudi Arabia’s fintech talent pool, thereby contributing to the advancement of the broader fintech sector.

As Saudi Arabia is rapidly evolving into a global financial technology and innovation hub, the program plays a pivotal role in generating employment in fintech. This is in line with Vision 2030’s objectives to increase the number of fintech companies to at least 525 by 2030, up from 200 in 2023 to create 18,000 job opportunities.

This six-month program is uniquely designed to shift the emphasis from theoretical concepts to practical skill acquisition through a learning environment created to simulate actual workplace scenarios.

During the initial stages, the 10 selected participants took part in group classes held at AstroLabs’ premises in Riyadh, covering core development topics such as web development, databases, security, cloud and digital services, integration and programming, along with soft skills and personal competencies.

Afterward, the participants got the opportunity to partake in mentorship sessions moderated by more than 10 subject matter experts including established bankers and CEOs as well as members from the AstroLabs’ network, among other stakeholders. This immersive experience has equipped participants with the necessary technological tools, personalized support and unrivaled networking opportunities, including a visit to the LEAP conference held in Riyadh last May.

Reema Siyam, head of learning and talent management at Banque Saudi Fransi Academy, said: “As BSF takes strides toward its mission to become the most modern, innovative, and experience-focused bank in the region, we continue to focus on attracting, developing, and retaining top talent in the Kingdom to achieve that mission. Our ‘Banker Technologist’ program focuses on the skills needed to accelerate digital transformation at the bank and on empowering our employees to take charge of their development.”

At the end of the program, the participants started to work within the bank’s verticals and were offered the opportunity to gather insights from senior leaders, industry experts and specialized mentors from AstroLabs’ wider network through weekly sessions.

Fouad Fattal, vice president of key accounts and programs at AstroLabs, said: “We are delighted to be completing the second cohort of the ‘Banker Technologist’ program, which represents a cornerstone of our commitment as a company to foster fintech talents amid a rapid uptake in digital banking as a key pillar of the fintech industry in Saudi Arabia.”


Carrier opens regional office in Saudi Arabia

Carrier opens regional office in Saudi Arabia
Updated 10 September 2024
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Carrier opens regional office in Saudi Arabia

Carrier opens regional office in Saudi Arabia

Carrier Global Corporation, a global leader in intelligent climate and energy solutions, has announced the opening of its regional office in Riyadh. This strategic move underscores Carrier’s commitment to enhancing its operations in the Middle East, aligning with the region’s growth and development ambitions.

“Establishing our regional office in Riyadh is a strategic decision that aligns with our vision to be closer to our customers and partners in this rapidly growing region. Saudi Arabia’s Vision 2030 and its focus on sustainability and innovation make Riyadh an ideal location for our regional headquarters.” said Didier Genois, vice president and general manager, Carrier CHVAC Europe, Middle East, and Africa. “This move will allow us to better serve the needs of our customers and accelerate the deployment of our cutting-edge intelligent climate and energy solutions across the region.”

Tony Jabbour, managing director of CHVAC Middle East, added: “The establishment of our regional headquarters in Saudi Arabia underscores our commitment to the region and reflects our confidence in its future growth. We are enthusiastic about the opportunities this move creates for both Carrier and our customers.”

Carrier is committed to creating solutions that matter for people and the planet for generations to come. The company leads in inventing new technologies and entirely new industries, boasting a world-class, diverse workforce that puts the customer at the center of everything it does.


Cyber resilience takes center stage as MENA ISC 2024 kicks off in Riyadh

Cyber resilience takes center stage as MENA ISC 2024 kicks off in Riyadh
Updated 10 September 2024
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Cyber resilience takes center stage as MENA ISC 2024 kicks off in Riyadh

Cyber resilience takes center stage as MENA ISC 2024 kicks off in Riyadh

As the highly anticipated 12th edition of the MENA Information Security Conference kicks off on Wednesday, cybersecurity experts from around the world are set to converge in Riyadh to discuss and define the future of cyber defense in the Kingdom. Hosted by VirtuPort, this year’s theme “Hyper-Resilient Cyber: Navigating the Evolving Threat Landscape of the Interconnected World of IT, OT, IoT, IIoT and Hybrid Cloud,” shines the event’s focus on the intersection of various critical technologies shaping the modern digital ecosystem in the Kingdom and beyond.

MENA ISC 2024 will be powered by the collaboration of leading local and international cybersecurity firms whose combined market capitalization is over SR375 billion ($100 billion), including Salam, CyberKnight, Cyber Polygon (BI.ZONE) and other sponsors such as Kaspersky, Arcon, Cloudflare and Google Cloud Security, as well as PwC in the role of a knowledge partner. These partners play a crucial role in delivering key industry insights, emerging technologies real-time demonstrations and collaborative opportunities to enhance the Kingdom’s digital resilience.

Also present to boost knowledge sharing at the conference are speakers from various backgrounds, such as the distinguished speaker Craig Jones, former director of cybercrime at INTERPOL, who will lead a plenary session exploring the AI-driven cyber future, focusing on how artificial intelligence is transforming both defensive and offensive cybersecurity strategies. Also delivering a keynote will be Asma Al-Yemeni, who serves as the chief information security officer at the Technical and Vocational Training Corporation, where she is instrumental in developing and implementing robust cybersecurity strategies. With a strong background in information security and risk management, Al-Yemeni focuses on protecting sensitive data and ensuring compliance with regulatory standards. She is dedicated to fostering a culture of security awareness within the organization, empowering staff and students to recognize and mitigate potential threats and is known for her strategic vision and leadership. 

Additionally, another speaker, Reem Alzamil is the CEO of CyberX, where she leads the company in its mission to deliver in cybersecurity awareness solutions. With over a decade of experience in the technology sector, Alzamil has a proven track record of driving growth and fostering a culture of innovation. Her leadership style emphasizes collaboration and inclusivity, allowing diverse perspectives to shape the company’s strategic direction. A recognized thought leader in the Saudi cybersecurity community, she is committed to empowering organizations to navigate the complexities of the digital landscape while safeguarding their assets against evolving threats

Beyond the palette of leading cybersecurity players and insightful individual sessions, MENA ISC 2024 will offer panel discussions, live demonstrations of the latest cybersecurity technologies, and a series of interactive workshops aimed at equipping attendees with actionable insights and skills. This year’s agenda also emphasizes the importance of collaboration between government bodies, private sectors and international institutions to build a unified, hyper-resilient cybersecurity framework for one and all.

With over 3,000 expected attendees, including prominent figures from both regional and international cybersecurity landscapes, the conference is set to be the cornerstone for shaping the future of digital resilience in Saudi Arabia and beyond.