Riyadh Air joins UNGC to advance sustainability goals

Riyadh Air joins UNGC to advance sustainability goals
Riyadh Air is set to fly to more than 100 destinations, contributing to the Kingdom’s non-oil GDP growth by $20 billion and creating more than 200,000 jobs.
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Updated 24 March 2024
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Riyadh Air joins UNGC to advance sustainability goals

Riyadh Air joins UNGC to advance sustainability goals

Riyadh Air, Saudi Arabia’s new world-class airline, has joined the UN Global Compact, the world’s largest corporate sustainability initiative that promotes responsible business practices and the advancement of the sustainable development goals.

In a letter to UN Secretary-General António Guterres, Riyadh Air CEO Tony Douglas officially committed Riyadh Air to implementing the Ten Principles of the UN Global Compact. As active participants of the UNGC, Riyadh Air will adopt sustainable and socially responsible policies in areas such as human rights, labor, environment, and anti-corruption and report on progress on these efforts regularly.

Riyadh Air will also publish its first sustainability report in advance of its maiden flight in mid-2025.

Tony Douglas, CEO of Riyadh Air, said: “At Riyadh Air, we are conscious of our environmental impact and committed to actively contributing to the Kingdom’s sustainability goals, adopting world-class practices and leading our industry in integrating ESG into every area of our business.”

“Our modern Boeing 787-9 Dreamliner aircraft and GeNX 1B engine are widely acknowledged for their improved environmental impact considerations, and more broadly ESG strategies are front and center to every aspect of how Riyadh Air operates. We pledge to take no shortcuts and sustainability will run throughout the airline, from flight and ground operations to the office culture, to transportation and even to Riyadh Air employees at home. As a startup airline, this is a golden opportunity to do the right thing in the right way, from Day 1,” added Douglas.

Launched in July 2000, the UNGC is a voluntary UN agreement designed to encourage companies from around the world to develop, implement and disclose responsible and sustainable corporate policies and practices. Through the UNGC, Riyadh Air will also benefit from access to a wide range of tools and resources to enhance learning, training and development for its team in all areas of sustainability.

Ibrahim Alhelali, executive director, UNGC, said: “We are pleased to announce that Riyadh Air has joined the UN Global Compact network in Saudi Arabia. Their commitment to aviation sustainability is evident in their decision to join the network one year prior to commencing operations, showcasing their dedication to responsible business practices.”

Set to take to the skies in 2025, Riyadh Air aims to become the world’s most forward-thinking carrier embracing the best sustainability practices, elevating air travel, and setting a new standard for reliability, comfort, and hospitality. As a full-service and digitally native carrier, Riyadh Air will pioneer new technologies and innovations whilst offering guests authentic and warm Saudi hospitality.

As a catalyst for the National Transport and Logistics Strategy, the airline is set to play a key role in contributing to Saudi Arabia’s wider economic diversification and jobs creation, toward realizing Vision 2030 goals. Riyadh Air is set to fly to more than 100 destinations, contributing to the Kingdom’s non-oil GDP growth by $20 billion and creating more than 200,000 jobs globally and locally.


Saudi Maritime & Logistics Congress returns for bigger, better 5th edition

The two-day event will bring together experts and specialists from the global maritime transport and logistics sector.
The two-day event will bring together experts and specialists from the global maritime transport and logistics sector.
Updated 17 September 2024
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Saudi Maritime & Logistics Congress returns for bigger, better 5th edition

The two-day event will bring together experts and specialists from the global maritime transport and logistics sector.

Reinforcing the significance of the Saudi Maritime and Logistics Congress in Dammam, which takes place from Sept. 18-19, several new speakers have been confirmed to the conference lineup, adding some heavyweight industry knowledge to the two-day program.

The event’s fifth edition is being held under the auspices of Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser, who will also make the keynote address on Day 1.

Additionally, Bahri CEO Ahmed Alsubaey, IMI CEO Abdullah Al-Ghamdi and Transport General Authority Deputy for Maritime Transport Essam M. Alammari are all now confirmed at the shipping and logistics conference and exhibition. The event will take place at Dhahran Expo and is free for industry to attend.

Also joining the prestigious speaker parade is Kaupo Laanerand, deputy minister for maritime and water affairs, Ministry of Climate, Estonia, and Poul Hestbaek, CEO, Folk Maritime.

Chris Morley, group director, Seatrade Maritime, the organizers of the event, said: “The high-profile speaker lineup is testament to the importance of this event in the shipping calendar. As the industry gathers in the Kingdom, it allows for attendees to listen and learn from industry experts and be part of discussions that impact many facets of this global industry.”

He added: “Our ultimate aim is to facilitate fruitful cooperation between the public and private sector entities that catalyzes growth for our industry.”

Over the course of the event, topics under the spotlight will include: Interconnected logistics and the supply chain of the future; Shipbuilding and repair; Digitization of maritime: The adoption of AI and machine learning; Offshore safety: The importance of maintaining world-class safety standards; and Energy transition for a sustainable future and workforce development.

The conference agenda will start with keynotes and an international virtual address from International Maritime Organization Secretary-General Arsenio Dominguez, as well as an industry keynote from ABS Senior Vice President Gareth Burton.

Saudi Maritime and Logistics Congress is being held with founding partners Bahri and Seatrade Maritime. With its main partners, The Saudi Ports Authority, known as Mawani, and the TGA, as well as strategic partners Saudi Aramco and IMI, the event expects more than 10,000 attendees from across 70+ countries; in addition to a record 200+ exhibitors and scores of local, regional and international speakers.

Alammari, deputy for maritime transport, TGA, said: “As we have seen from its progressive growth in attendance, which stood at an impressive 95 percent in 2023, Saudi Maritime and Logistics Congress has become a key regional forum for the exchange of ideas between the brightest and best the industry has to offer.

“From policy-makers to investors, industry professionals to academics, the strength of this congress is indebted to the diversity of its attendees. The participation not only of TGA, but of our partners in Mawani, Bahri, Saudi Aramco and others, is a strong signal that the Kingdom’s policy-makers and industry giants are committed to the important dialogue taking place over the direction of travel of shipping. All of these entities have helped to shape the agenda and attract the speakers we will hear from throughout the congress.”

He added: “Saudi Maritime and Logistics Congress is no longer a regional conference, but a global one, and it is TGA’s hope that it continues to grow.”

The TGA is working on an international level to advance cooperation with IMO member states to enhance global connectivity to the Kingdom.

Alammari said: “In 2024, Saudi Arabia ranked 16th globally out of 187 countries by the UN Conference on Trade and Development, reflecting the concerted efforts by the Kingdom to increase global maritime connectivity and capitalize on the Kingdom’s strategic location in line with the aspirations of Vision 2030. Saudi Arabia continues to develop the port of NEOM and NEOM’s Oxagon to be one of the world’s first fully integrated port and supply chain systems.”

The two-day event will bring together experts and specialists from the global maritime transport and logistics sector to share knowledge, experiences, and insights. It also seeks to foster investment and strategic partnerships, explore opportunities for growth, and support the National Transport and Logistics Strategy and the Kingdom’s Vision 2030.

The event will also provide recommendations and proposals that will improve the maritime transport industry and enhance the sustainability of logistics services in accordance with international standards and leading models.


GAIN Summit: stc launches AI lab, inks partnerships

GAIN Summit: stc launches AI lab, inks partnerships
Updated 16 September 2024
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GAIN Summit: stc launches AI lab, inks partnerships

GAIN Summit: stc launches AI lab, inks partnerships

stc Group, an enabler of digital transformation, concluded its participation in the Global AI Summit by signing a series of strategic agreements with Saudi Railways, King Abdullah University of Science and Technology, Huawei, the Research Development and Innovation Authority, and SambaNova Systems.

stc’s participation in the summit highlights its leadership role in driving digital transformation both locally and globally. The event served as a platform for stc to showcase its innovative solutions, products and technologies, and reaffirm its commitment to positioning Saudi Arabia as a leading digital hub in the Middle East.

The agreements will help accelerate the group’s strategic objectives in various fields, including artificial intelligence, innovation, and digital transformation. Among these partnerships is an agreement with Saudi Railways to enhance customer service through AI-based technological solutions that improve operations at all levels.

Additionally, stc signed a strategic cooperation agreement with KAUST to establish a research center specializing in generative AI within the group. This center is the first of its kind in the region for R&D and innovation in generative AI technology, leveraging the shared expertise of stc and the university in data and AI fields.

stc also signed a cooperation agreement with Huawei in data, analytics, and AI fields to enhance stc’s digital capabilities, develop network infrastructure, support data-driven decision-making, and improve corporate operations.

The partnerships also included an agreement with the RDIA to develop mechanisms for supporting and enabling entrepreneurial projects, enhancing research opportunities, and providing empowerment for innovative ideas within future economic priorities.

A strategic partnership agreement with SambaNova Systems was signed to deploy and expand the GenAI Sovereign Cloud within stc’s data centers, enhancing AI capabilities for cloud infrastructure and supporting advanced AI applications in the Kingdom.

During the summit, stc participated in several panel discussions to spread knowledge, including a session titled “Decoding AI Strategies,” focusing on enabling companies to responsibly engage with AI applications by balancing competitive advantage, resource efficiency, and ethical considerations. Another session titled “The Role of AI in Skills Enhancement and Innovation” discussed AI’s role in empowering employees and improving their skills according to labor market requirements, as well as continuous learning through AI-driven innovation.

During the closing ceremony, stc Group received three awards, including recognition for its technical support and sponsorship of the summit as a digital enabler, an award for adopting AI ethics from the early stages, and a prize for solutions by stc, specializing in IoT products, under the Innovation Sponsorship category.

The Saudi Data and AI Authority hosted the third edition of the Global AI Summit from Sept. 10 to 12, at King Abdulaziz International Convention Center in Riyadh.


Social Development Bank concludes FintechHub program

Social Development Bank concludes FintechHub program
Updated 16 September 2024
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Social Development Bank concludes FintechHub program

Social Development Bank concludes FintechHub program

Saudi Arabia’s Social Development Bank concluded the FintechHub program in partnership with the United Nations Conference on Trade and Development and its Empretec program, with support from Fintech Saudi. This initiative marks the first of its kind under the Empretec Center and is part of SDB’s ongoing commitment to driving innovation and supporting entrepreneurship in the financial technology sector.

Held from Sept. 8-12 in Riyadh, the FintechHub program focused on fostering innovation in financial technology by developing a robust economic ecosystem designed to support emerging ventures and aspiring entrepreneurs. Participants were introduced to the latest trends in fintech and provided with knowledge and tools to develop their projects and achieve sustainable success.

The program highlights SDB’s strong collaboration with key players in the financial technology sector, including Fintech Saudi, which plays a pivotal role in enhancing the Kingdom’s fintech ecosystem. The initiative is also supported by certified trainers from the Empretec program, alongside leading global fintech entrepreneurs, offering participants access to expertise and industry insights.

Throughout the program, participants explored cutting-edge technologies and innovations to ensure they stay ahead of market developments. They also learned how to create sustainable, effective business models aligned with consumer needs and designed to drive economic growth. 

In addition, the program provided a valuable networking platform, enabling participants to connect with fellow entrepreneurs and industry leaders, further supporting their journey toward success.

As part of the program’s activities, participants had the opportunity to present their projects to a group of prominent investors in the Kingdom, including Rakan Al-Fadl from Takamol, Abdullah Al-Duwaish from Flat6Labs, and Philip Matos, CEO of ABstartups. The program also featured inspiring talks from successful local entrepreneurs, including Maher Loubieh, CEO and co-founder of HALA, who shared his experience and insights on building a startup in the fintech sector.

The FintechHub program culminated in the graduation of 26 entrepreneurs specializing in tech startups, showcasing the initiative’s success in building a strong foundation of business leaders within the financial technology space.

This program underscores SDB’s dedication to supporting the growth of the fintech sector and promoting sustainable economic development through innovation and entrepreneurship.


Bahrain Airport Company signs strategic agreement with APSCO

Bahrain Airport Company signs strategic agreement with APSCO
Updated 16 September 2024
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Bahrain Airport Company signs strategic agreement with APSCO

Bahrain Airport Company signs strategic agreement with APSCO

Bahrain Airport Company, the operator and managing body of Bahrain International Airport, signed a strategic agreement with The Arabian Petroleum Supply Company, a renowned energy company with a rich history in the Middle East’s petroleum industry. The signing ceremony took place at Awal Private Terminal to formalize the strategic agreement.

Under this agreement, APSCO becomes the second into-plane service provider at the airport, leveraging its extensive expertise to deliver reliable and efficient aviation fuel services. This partnership represents a key milestone in BAC’s ongoing commitment to enhancing operational excellence and elevating the overall passenger experience.

BAC Chief Executive Mohamed Yousif Al-Binfalah said: “This strategic partnership with APSCO marks a significant step forward in our commitment to enhancing BIA’s aviation fueling service offerings. By expanding our fuel service capacity and efficiency, we are further solidifying BIA’s position as a world-class airport with alternative service providers and enhancing its attractiveness to global airlines.”

APSCO Managing Director Mohammed Ali Ibrahim Alireza added: “We’re proud to partner with Bahrain Airport Company. With over 60 years of experience in energy solutions and a focus on aviation fuels, we’re well-equipped to support BIA’s commitment to operational excellence. Our long history in aviation fueling services underlines our capacity to continually innovate and adapt to our customers’ needs. By striving to improve efficiency, reduce environmental impact, and harness the latest technologies, APSCO aims to provide top-tier services at airports.”

This strategic move aligns with BAC’s vision to contribute to the growth of Bahrain’s aviation sector and attract more airlines and passengers to the country. APSCO currently manages 22 depots across various airports in Saudi Arabia, ensuring seamless operations for both commercial and private aircraft.


Wizz Air announces new London Gatwick-Jeddah route

Wizz Air announces new London Gatwick-Jeddah route
Updated 15 September 2024
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Wizz Air announces new London Gatwick-Jeddah route

Wizz Air announces new London Gatwick-Jeddah route

Wizz Air, Europe’s fastest-growing and most environmentally sustainable airline, has launched a new direct route between London Gatwick and Jeddah, starting on March 31, 2025. This new route underscores Wizz Air’s dedication to expanding its presence in Saudi Arabia, offering travelers more options and affordable fares. Tickets are now available on wizzair.com and the Wizz Air app, with prices starting from $116.99.
Wizz Air’s new London Gatwick to Jeddah route will operate daily all year round, connecting two vibrant cities. This strategic addition to Wizz Air’s network highlights the airline’s commitment to providing affordable and accessible travel options while strengthening ties between Saudi Arabia and the UK.

HIGHLIGHT

Over the past three years, Wizz Air has significantly increased its capacity in Saudi Arabia, introducing numerous new routes and enhancing travel options.

Over the past three years, Wizz Air has significantly increased its capacity in Saudi Arabia, introducing numerous new routes and enhancing travel options, while contributing to the country’s connectivity in line with Vision 2030 and following a partnership agreement with Saudi Tourism Authority to increase connectivity to Europe and boost inbound visitors.

Andras Rado, Head of Communications and Government Affairs, Wizz Air


This route is one of many offerings that will leverage the Airbus A321XLR’s extended range and efficiency, revolutionizing intercontinental travel and making it more accessible than ever before.
“The Airbus A321XLR is the most cost-efficient aircraft of its class and, given the enhanced range capability, it enables Wizz Air to connect the furthest destinations in its network and further expand it, connecting cultures and continents. We’re excited to unlock unbeatable fares for our customers on the newly announced route to London, while offering the most sustainable option for flying,” said Andras Rado, head of communications and government affairs, Wizz Air, during a press conference in Jeddah. “We are already flying several 5-6 hour long ultra-low-cost routes with great satisfaction to our customers, and the XLR (extra-long range) will extend our outstanding value proposition to 7–8-hour long flights.”

We’re excited to unlock unbeatable fares for our customers on the newly announced route to London.

Andras Rado, Head of Communications and Government Affairs, Wizz Air

The new aircraft type, a first in the region, is the most cost-effective in its class, more sustainable due to less fuel burn and designed to operate intercontinental flights of up to 7-8 hours, revolutionizing the long-haul travel market.
“We as an airport are delighted to offer affordable fares for our customers on the newly announced route to London Gatwick while providing the Wizz Air’s new route as an option for traveling to the UK,” said Kimmo Ruotsalainen, general manager of aviation business development, Jeddah Airports Company.
Wizz Air’s investment in Saudi Arabia includes the use of modern, fuel-efficient aircraft, contributing to more sustainable travel. The airline’s carbon intensity is estimated to be at least 30 percent lower than that of other carriers on the same routes, aligning with Wizz Air’s commitment to reducing its environmental footprint.
Since entering the Saudi market, Wizz Air has created more than 1,500 job opportunities in the associated industries.