AlUla participates in global forums to strengthen Saudi-China cultural ties

AlUla participates in global forums to strengthen Saudi-China cultural ties
The events, held from June 27 to 30, underscored AlUla’s prominent role within the International Tourism Alliance of Silk Road Cities, a network connecting 63 destinations across 28 countries along ancient trade routes.  Supplied
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Updated 21 July 2024
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AlUla participates in global forums to strengthen Saudi-China cultural ties

AlUla participates in global forums to strengthen Saudi-China cultural ties

RIYADH: Saudi Arabia and China have deepened their cultural ties as the Royal Commission for AlUla participated in key global forums in Istanbul and Luoyang.  

The RCU attended the Silk Road Dialogue and the International Ancient Capitals Forum to enhance collaboration and showcase AlUla as the world’s “largest living museum.” 

The events, held from June 27 to 30, underscored AlUla’s prominent role within the International Tourism Alliance of Silk Road Cities, a network connecting 63 destinations across 28 countries along ancient trade routes.  

The forums were instrumental in expanding Saudi-China cultural partnerships and organizing official visits to AlUla. 

Saudi Arabia’s strategic focus on tourism, centered around AlUla’s rich heritage, has become a cornerstone in deepening cultural and economic ties with China, showcasing the Kingdom’s commitment to leveraging its historical assets to foster international partnerships. 

Discussions at the International Ancient Capitals Forum included high-level meetings with Luoyang officials on tourism, agriculture, conservation, and urban development, exploring new areas of cooperation between the two nations. 

“The Royal Commission for AlUla continues to build on the deep-rooted foundations of cultural partnership that exists between China, the Kingdom, and northwest Arabia,” said an RCU spokesperson in a statement. 

The spokesperson added: “The Silk Road Dialogue and International Ancient Capitals Forum events represented exciting opportunities to develop new avenues of collaboration, with a focus on expanding knowledge exchange and promoting tourism, with diverse initiatives built upon our shared status as ancient destinations and rapidly developing landmarks for human heritage.” 

The forum was launched to foster dialogue and collaboration between cities with a millennia-long history. It also facilitates an agreement signed earlier this year between AlUla and its Chinese partners at the Henan Provincial Administration of Cultural Heritage.  

The partnership seeks to enhance knowledge and shared resources, focusing on archeology, preserving cultural heritage and museums and research collaboration as well as talent development, tourism and other cultural exchanges. 

It also includes establishing a technology-driven archeological laboratory, conducting excavation activities, engaging in research and fostering connections between heritage sites in AlUla and Henan. 

The deal further involved implementing collaborative exchange programs, participating in exhibitions and events, and utilizing museum technologies such as virtual reality and augmented reality. 


ACWA Power to develop $680m independent water plant in Sharjah 

ACWA Power to develop $680m independent water plant in Sharjah 
Updated 52 sec ago
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ACWA Power to develop $680m independent water plant in Sharjah 

ACWA Power to develop $680m independent water plant in Sharjah 

RIYADH: Saudi utility developer ACWA Power will develop Sharjah’s first independent water plant with a capacity of 410,000 cubic meters per day. 

The Saudi-listed firm has signed an agreement worth SR2.56 billion ($680 million) with Sharjah Electricity, Water and Gas Authority for the project, according to a press statement. 

The Hamriyah IWP will use seawater reverse osmosis technology, with partial operations expected to commence in the second quarter of 2027, initially producing 272,000 cubic meters per day. 

Upon full completion in the third quarter of 2028, the plant will produce 410,000 cubic meters per day of desalinated water. 

This contract follows ACWA Power’s recent recognition as the world’s largest water project developer outside China. In February, Global Water Intelligence ranked the company as a leading global developer in the water sector, with 6.8 million cubic meters per day of gross capacity. 

Marco Arcelli, CEO of ACWA Power, said: “We are delighted to collaborate with SEWA on this landmark project, bringing our total portfolio in the UAE to eight projects in both power and water.” 

He added: “This project reinforces ACWA Power’s indisputable global leadership in water desalination, and we look forward to bringing our extensive experience in low-carbon intensive RO desalination to the emirate of Sharjah, providing an end-to-end solution to meet growing demand for clean and affordable water.” 

The contract includes development, design, and financing. It also covers engineering, procurement, construction, and commissioning, as well as completion, testing, and ownership, along with operation, maintenance, and insurance of the IWP. 

“The signing of the agreement to establish a water desalination plant in Al Hamriyah with one of the largest specialist companies in this field aligns with the plan to develop the water sector system in Sharjah,” said Abdullah Abdul Rahman Al-Shamsi, director general of SEWA. 

He said that it is considered one of the largest investments in water at the emirate level, utilizing the latest technologies. 

The new plant will operate using the reverse osmosis system for water desalination and will incorporate the latest post-treatment, filtration, and disinfection technologies. 

“The project will increase water production capacity, adding a storage capacity of 90 million gallons, in addition to consuming no more than 3.2 kilowatts per hour to produce one cubic meter of water,” Al-Shamsi added. 

The Hamriyah IWP aligns with Sharjah’s water strategy, which aims to enhance water security, support comprehensive development, and ensure sustainable access to clean water for the Emirate’s residents.


Saudi-Singaporean ties to strengthen in sustainability, SMEs, and manufacturing

Saudi-Singaporean ties to strengthen in sustainability, SMEs, and manufacturing
Updated 22 min 54 sec ago
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Saudi-Singaporean ties to strengthen in sustainability, SMEs, and manufacturing

Saudi-Singaporean ties to strengthen in sustainability, SMEs, and manufacturing

JEDDAH: Saudi-Singaporean industrial ties are set to strengthen after senior officials from the countries met to explore cooperation in sustainable growth, small and medium enterprises, and advanced manufacturing technology.

During his official visit to the Asian island, the Kingdom’s Minister of Industry and Mineral Resources Bandar Alkhorayef met with heads of agencies and institutions, including Singapore Economic Development Board Chairman Png Cheong Boon where the two discussed leveraging the EDB’s expertise.

The minister also met with Enterprise Singapore Executive Chairman Lee Chuan Teck to discuss cooperation in capacity building, innovation, and transformation, and Meinhardt Group’s head of the fourth industrial revolution division to explore modern technologies to enhance efficiency and innovation in the sector.

The meetings were also attended by the Kingdom’s Assistant Minister for Planning and Development Abdullah Ali Al-Ahmari, CEO of the National Industrial Development Center Saleh Al-Sulami, and Majed Rafed Al-Argoubi, CEO at the Saudi Authority for Industrial Cities and Technology Zones.

The discussions are part of an economic tour of East Asia, where Alkhorayef is leading his ministry’s delegation to enhance bilateral ties, attract high-quality investments to Saudi Arabia, and explore mutual opportunities in the industrial sector.

In October 2023, the Kingdom and Singapore signed seven memorandums of understanding to facilitate investment opportunities across multiple sectors, inked during the third session of the Saudi-Singapore Joint Committee held in Riyadh at that time.

The two countries have a robust partnership, with trade volume reaching SR45.2 billion ($12.05 billion) in 2022, a 50 percent increase from the previous year.

In his discussion with the Agency for Science, Technology and Research CEO, Alkhorayef explored ways to strengthen cooperation with the organization, which is considered one of the top innovative government bodies globally in the field of science and technology.

The minister and delegation members also toured the Port of Singapore, which stands as the world’s largest automated maritime terminal.

During his visit, the transfer of expertise, including the port’s model for handling the world’s largest container ships, adopting new technologies, and training were discussed. 

Tuas Port was also toured, which opened in 2022 and is slated to be fully operational by 2040. 

Covering an area roughly equivalent to 3,300 football fields, the terminal will include 66 automated docks extending 26 km to accommodate the largest container ships. Its projected throughput is 65 million twenty-foot equivalent units.


Nissan to launch two more SUVs in Saudi Arabia after unveiling all-new 2025 Patrol

Nissan to launch two more SUVs in Saudi Arabia after unveiling all-new 2025 Patrol
Updated 23 min 26 sec ago
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Nissan to launch two more SUVs in Saudi Arabia after unveiling all-new 2025 Patrol

Nissan to launch two more SUVs in Saudi Arabia after unveiling all-new 2025 Patrol

ABU DHABI: Japanese carmaker Nissan will soon introduce two more Sports Utility Vehicles (SUVs) in Saudi Arabia as it takes advantage of the Kingdom’s position as the leading car market in the Gulf region.

“We have more cars coming in the SUV ranges to meet different customers’ needs. Two of these SUVs will be introduced soon in Saudi Arabia, and one of them will be launched from Saudi to the rest of the region,” Adib Takieddine, the managing director at Nissan Saudi Arabia, told Arab News during the global launch of the all-new 2025 Patrol in Abu Dhabi.

“Saudi Arabia is the biggest market in the GCC for automotive, representing slightly above 50 percent of the overall TIV (Total Industry Volume),” Takieddine added.

Car imports topped 93,199 units in 2023 and 66,870 units in 2022 – mostly from Japan, India, South Korea, the US and Thailand – according to the Zakat, Tax and Customs Authority, making the Kingdom one of the top 20 car markets globally.

The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)
The seventh generation Nissan Patrol is a bold leap forward, according to president and CEO Makoto Uchida. (Supplied)

The launch of two more SUVs in the Kingdom would complement the newly-unveiled Nissan Patrol – which received a massive makeover from its previous iteration – which, according to Takieddine, changes the landscape for that segment. There was however no specific mention which SUV models would be introduced.

“We are excited to launch the new Patrol… that will change ground roles for its segment, with the way it looks, the power it brings with the new engine options, the way it empowers with advanced technologies, some of which introduced for the first time in its SUV segment, and the way it feels in the premium comfort of its cabin,” he said.

With more options for its SUV clients, Nissan hopes to strengthen its position in the Saudi car market.

“The automotive industry is very competitive and dynamic, especially in Saudi, with the size of the country and the different age groups, where more than two-thirds of the population is young,” Takieddine explained.

Saudi consumer preferences for new vehicles, particularly those of the country’s tech-savvy youth, are increasingly aligned with those in Western markets, one survey noted. This means growing demand for technology-based features including advanced connectivity, infotainment systems, autonomous parking and driving assistance.

“The new Patrol introduces new technologies, some of them for the first time in the segment, such as biometric cooling [designed to maintain optimal comfort regardless of external temperatures], MyNissan [an app that connect the driver with the car] and the 28.6-inch horizontal Monolith display [which enables the driver to project and view ultra-wide images and enjoy full view of the vehicle],” Takieddine said.

“This shows our commitment to always provide the best technologies for our customers.”

Meanwhile, Nissan is also aligning itself with the Saudi government’s thrust towards the consumer adoption of electric vehicles. The Kingdom has set a goal to transition 30 percent of all vehicles in Riyadh to electric by 2030.

“We are committed to an electric future, as illustrated by our Ambition 2030 long-term vision. Our near-term plan, The Arc, includes launching 30 new electrified and internal combustion engines vehicles globally, 13 will be launched in the AMIEO region,” Takieddine said.


Saudi Arabia’s POS transactions surge 20%, driven by telecoms growth

Saudi Arabia’s POS transactions surge 20%, driven by telecoms growth
Updated 04 September 2024
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Saudi Arabia’s POS transactions surge 20%, driven by telecoms growth

Saudi Arabia’s POS transactions surge 20%, driven by telecoms growth

RIYADH: Saudi Arabia’s point-of-sale transactions registered a weekly increase of 20.4 percent between Aug. 25 and 31, with the telecommunication sector leading the growth.

The Saudi Central Bank, also known as SAMA, recorded SR14 billion ($3.7 billion) in transactions over the seven-day period, with the telecoms industry posting the highest sectoral increase at 42 percent to reach SR131.9 million.

The figures revealed the education sector saw the only decline, dropping 38.6 percent to SR516.2 million. This was the second decrease in a row for the sphere after surging for four straight weeks, coinciding with the start of the academic year on Aug. 18.

Spending on food and beverages recorded the second largest surge, with a 40.8 percent positive change, reaching SR2.16 billion. 

Expenditure in clothing and footwear came in third place, recording a 31 percent increase reaching SR785 million during this period.

Restaurants and cafes accounted for the second-largest POS transaction value, with SR1.96 billion. Miscellaneous goods and services followed at SR1.58 billion.

Spending in the leading three categories accounted for 40.62 percent or SR5.7 billion of the week’s total value.

At 6.1 percent, the smallest increase occurred in hotel spending, boosting total payments to SR238.3 million. Expenditures on construction and building materials came second, surging 9 percent to SR343.5 million. In the third place, spending on recreation and culture increased by 13.7 percent to SR334.2 million.

Geographically, Riyadh dominated POS transactions, representing 34 percent of the total, with expenses in the capital reaching SR4.77 billion — a 14.3 percent increase from the previous week. 

Jeddah followed with a 13.6 percent surge to SR1.92 billion, accounting for 13.6 percent of the total, and Dammam came in third at SR691 million, up 17.1 percent.

Hail experienced the most significant rise in spending, increasing 37.9 percent to SR231.8 million. Tabouk and Buraidah also witnessed upticks, with expenditure surging 37.3 percent and 22.9 percent to SR294.1 million and SR335.5 million, respectively.

In terms of the number of transactions, Hail recorded the highest increase at 24.9 percent, reaching 4,055, followed by Tabouk with a 21.4 percent increase, achieving 4,986 transactions.


UAE’s non-oil private sector rebounds in August: PMI report 

UAE’s non-oil private sector rebounds in August: PMI report 
Updated 04 September 2024
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UAE’s non-oil private sector rebounds in August: PMI report 

UAE’s non-oil private sector rebounds in August: PMI report 

RIYADH: The UAE’s non-oil private sector regained momentum in August, with the Emirates’ Purchasing Managers’ Index rising to 54.2, up from an almost three-year low of 53.7 in July. 

According to an S&P Global report, this growth is attributed to an upturn in business activity, driven primarily by a stronger intake of new orders, particularly from foreign clients.

While the PMI indicated solid improvement in the non-oil private sector, the rate of expansion was the second-slowest in over a year and a half. 

Developing a robust non-oil private sector is crucial for the UAE as it aligns with the broader economic diversification plans of Middle Eastern countries to reduce reliance on oil. 

“Although the UAE PMI picked up in August and was consistent with a solid expansion in non-oil business conditions, it remained weaker than the levels recorded earlier in the year, as fewer companies reported uplifts in activity,” said David Owen, senior economist at S&P Global Market Intelligence. 

The report noted that international demand improvement in August led to the sharpest rise in new export orders since October 2023. 

“Nevertheless, businesses remain confident that output growth will be sustained over the coming year, especially as sales pipelines remain strong and firms have ample levels of outstanding work to complete. Capacity constraints are also easing which should further aid business activity,” added Owen. 

S&P Global also noted that hiring growth across the non-oil sector weakened in August, marking the slowest pace in seven months. While some firms expanded their workforces to boost output, others cut staffing levels. 

The report highlighted that the future business outlook strengthened in August after falling to a six-month low in July, with firms largely optimistic about improving domestic economic conditions. 

“Ongoing price mark-ups have the potential to curb demand, adding some uncertainty to the view that growth will continue unabated,” said Owen. 

The study also revealed that operating conditions in Dubai’s non-oil private sector improved at a stronger pace in August compared to July. This improvement was driven by a quicker increase in new business inflows, with demand growth reaching a five-month high. 

“Dubai non-oil firms continued to face upward pressure on their input costs in August. Prices rose sharply, albeit at the slowest pace since May. Average selling charges rose for the fourth month in a row and to the greatest extent since April 2021,” added S&P Global. 

Qatar’s non-energy business conditions strengthen in August

In another report, S&P Global said that non-energy business growth in Qatar strengthened in August, with the country’s PMI hitting 53.1 that month, representing a rise from 51.3 in July. 

The survey, carried out in association with Qatar Financial Center, underlined that this growth was spurred by the strengthening of demand for goods and services, as well as a solid expansion in output. 

The report said that private sector jobs in Qatar rose strongly in August, reversing July’s slight decline, driven by strengthening demand for the country’s non-energy goods and services. 

“The PMI resumed its recent upward trajectory in August, mainly reflecting a surge in employment and stronger inflows in new business. The increase in jobs was the second-fastest in the survey history, while demand growth was driven by the goods and services segments of the non-energy economy,” said Yousuf Mohamed Al-Jaida. CEO of QFC Authority. 

He added: “Financial services continued to lead the way with the sharpest rise in new business in two years.” 

The level of incoming new orders expanded for the 18th time in 19 months, and at a strong rate that outperformed the long-run survey trend, said the analysis. 

The report also revealed that operating conditions in Dubai’s non-oil private sector improved at a stronger pace in August compared to July. This improvement was driven by a quicker increase in new business inflows, with demand growth reaching a five-month high. 

“Dubai non-oil firms continued to face upward pressure on their input costs in August. Prices rose sharply, albeit at the slowest pace since May. Average selling charges rose for the fourth month in a row and to the greatest extent since April 2021,” added S&P Global.