MBSC celebrates graduation of 23 leaders from MODON

MBSC celebrates graduation of 23 leaders from MODON
Prince Mohammed Bin Salman College of Business and Entrepreneurship hosted a graduation ceremony for the 23 leaders from MODON, who completed the Advanced Leadership Program.
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Updated 04 September 2024
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MBSC celebrates graduation of 23 leaders from MODON

MBSC celebrates graduation of 23 leaders from MODON

Prince Mohammed Bin Salman College of Business and Entrepreneurship, the Kingdom’s world-class business school, celebrated the graduation of 23 leaders from the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, who completed the Advanced Leadership Program.

MBSC’s Advanced Leadership Program provides a unique opportunity for experienced professionals to hone their leadership skills with an entrepreneurial mindset. The program is designed to help participants develop their strategic thinking, problem-solving, and decision-making abilities. It also emphasizes the importance of team empowerment, innovation, and continuous learning in the modern workplace.

Dr. Zeger Degraeve, dean of MBSC, said: “The graduation of 23 leaders from MODON reflects MBSC’s growing impact and effectiveness in business education. MBSC has introduced a suite of new programs tailored to the evolving needs of professionals in the Kingdom of Saudi Arabia, and designed to equip participants with the essential skills and knowledge necessary to lead and manage effectively in a dynamic and competitive business landscape.”

MBSC has been conditionally accredited by the National Center for Academic Accreditation and Evaluation, at Education and Training Evaluation Commission, from May 2024 to April 2026.

MODON signed a partnership with MBSC to develop national leaders capable of adopting innovative thinking patterns and enhancing their leadership skills, in alignment with the Human Capacity Development Program under Saudi Vision 2030.

MODON’s Advanced Leadership Program highlights the organization’s commitment to excellence by enhancing its current leaders’ skills for strategic roles. This initiative empowers leaders with the confidence, impact, and entrepreneurial mindset needed for high performance. Partnering with MBSC ensures its leaders receive top-tier training, reinforcing its dedication to fostering a culture of excellence.

MBSC is situated  in King Abdullah Economic City, a contemporary urban center that provides an unparalleled modern environment for both students and faculty. The college offers world-class education from Saudi Arabia for Saudi Arabia in both KAEC and Riyadh, delivering practical, pragmatic, hands-on experiential learning to develop a new generation of transformative leaders.

Since its establishment in 2001, MODON has been responsible for developing and overseeing industrial lands and infrastructure. It currently manages 36 industrial cities, both operational and under development, along with private industrial cities and complexes across the Kingdom. This includes 6,443 industrial facilities and more than 7,900 industrial, investment, and logistical contracts. The total area of developed land amounts to more than 209 million square meters. With the launch of Saudi Vision 2030, which positions industry as a strategic choice to strengthen the national economy and promote sustainable development, MODON has become a key entity in achieving these national aspirations.


Aroya Cruises’ celebrates with its trade partners a remarkable milestone

 Aroya Cruises’ celebrates with its trade partners a remarkable milestone
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Aroya Cruises’ celebrates with its trade partners a remarkable milestone

 Aroya Cruises’ celebrates with its trade partners a remarkable milestone

Cruise Saudi, a 100 per cent Public Investment Fund (PIF) owned business, and a pioneering force in the development of Saudi Arabia’s tourism industry, announced the launch of its owned cruise line, AROYA Cruises.

AROYA Cruises hosted an exclusive event for its trade partners to celebrate achieving a new milestone, and the anticipated date to set sail in December 2024.

The event, held in Riyadh, brought together key partners and influential figures from the travel and tourism industry to celebrate this significant milestone for AROYA Cruises.

"By launching the first Arabian Cruise line that leads the way in elevating joyful and memorable experiences for guests at sea and onshore, commercially and sustainably, we aim to reinvent the meaning of holidays in Arabia," said Dr Joerg Rudolph, AROYA Cruises president, speaking at its partners launch program in Riyadh on Wednesday.

Rudolph told Arab News: "This momentous step marks a historical milestone in Cruise Saudi’s ambitious strategy to create a premium cruise ecosystem in Saudi, in line with Vision 2030.”
 
Combining the words “Arabian” and “Roya” (meaning vision or dream), AROYA Cruises will offer Saudi nationals, expatriates, and regional guests a unique opportunity to explore Saudi Arabia’s stunning coastlines from the sea.

With a commitment to showcasing Arabian experiences, AROYA Cruises will reflect the country's rich cultural heritage, natural beauty, and warm hospitality, providing an immersive journey, designed and tailored to reflect its brand values of inspiration, enrichment, generosity and respect.

AROYA Cruises is committed to offering passengers an exceptional experience with the highest standard of service, premium facilities, and shore excursions culminating in a unique offering in the region.

AROYA Cruises will be operating as an autonomous brand within the Cruise Saudi portfolio, aiming to provide experiences and services specifically designed to embrace Arabian preferences.

While AROYA Cruises operates within the Cruise Saudi portfolio, it runs as a separate business unit with an independent operational and management team based in Jeddah. The cruise line supports Cruise Saudi’s broader objectives, including welcoming 1.3 million cruise visitors annually by 2035, creating 50,000 direct and indirect jobs in Saudi’s tourism sector, and contributing to the growth of Saudi Arabia’s tourism industry in line with Vision 2030.

Scheduled to embark on its maiden voyage in the Red Sea on December 16, 2024, AROYA Cruises will offer itineraries departing from Jeddah, with destinations including Saudi Arabia, Egypt, and Jordan. Future voyages will expand to the Arabian Gulf and the Mediterranean Sea, providing guests with the opportunity to explore a variety of breathtaking locations across the region.

One of AROYA Cruises’ distinctive offerings is the Khuzama experience, a luxurious onboard concept designed to immerse travelers in the elegance and serenity of Arabian hospitality. Khuzama will feature tranquil, high-end facilities where comfort and relaxation take center stage, offering a unique blend of modern luxury and deep-rooted cultural experiences.

"With pride, we introduce Khuzama, where you will experience Arabian luxury at the heart of the sea," said Ala Tashkandi, Sales Director at AROYA Cruises, during the partner launch event.

While AROYA Cruises operates as an independent entity, Cruise Saudi is the leading entity for the development of Saudi Arabia’s cruise industry.

Since its inception, Cruise Saudi has successfully welcomed over 300,000 passengers as part of its efforts to position Saudi Arabia as a global cruise destination. With a focus on building both onshore and offshore infrastructure, Cruise Saudi is working closely with regulatory authorities and international partners to ensure a seamless cruise experience.
 
Cruise Saudi’s ongoing efforts include the development of state-of-the-art cruise terminals in Jeddah, Yanbu, and Dammam, along with the creation of premium shore excursions. These efforts aim to attract international cruise lines to include Saudi Arabia as a port of call, showcasing the country’s rich cultural heritage, history, and natural wonders.
 


IMI launches media academy with renowned Emirati news presenter Faisal bin Huraiz at the helm

IMI launches media academy with renowned Emirati news presenter Faisal bin Huraiz at the helm
Updated 12 September 2024
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IMI launches media academy with renowned Emirati news presenter Faisal bin Huraiz at the helm

IMI launches media academy with renowned Emirati news presenter Faisal bin Huraiz at the helm

IMI, a privately-owned global media group headquartered in the UAE, has announced the launch of the IMI Academy, which will play a pivotal role in shaping the region’s media landscape. The academy will equip the next generation of journalists and content creators with the skills and resources necessary to excel, offering an advanced curriculum focused on media, journalism, and content creation using the latest learning methodologies.

IMI has undergone a significant transformation under the leadership of Group CEO Rani R. Raad, who also serves as president and operating partner of Redbird IMI. The launch of the IMI Academy represents the latest milestone in this ongoing journey, building on a series of strategic initiatives aimed at expanding and enhancing the group’s offerings. These efforts include the appointment of new divisional leaders at IMI, the introduction of new editors-in-chief at Sky News Arabia and CNN Business Arabic, and a comprehensive overhaul of the group’s editorial assets, focusing on both content strategy and product innovation.

Training and knowledge exchange have long been part of IMI’s operations, driven by the unwavering commitment of its various media entities and their training initiatives. The National recently initiated its second cohort of its graduate training program designed to provide young graduates with the essential skills and insights for a successful career in journalism. Also, since its inception in April 2021, Sky News Arabia Academy has made significant strides in nurturing future media professionals, journalists, and content creators, delivering high-caliber courses to a wide range of participants, from youth and students to aspiring media professionals, business leaders, and CEOs. The IMI Academy will build upon these under the leadership of Faisal bin Huraiz as its director.

Bin Huraiz first joined Sky News Arabia as a key member of its launch team and has been one of the channel’s leading anchors since 2012, conducting interviews with high-profile political figures such as UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, Syrian President Bashar Assad, and Egyptian President Abdel Fattah El-Sisi. In addition to his role in the newsroom, he has garnered extensive expertise as a trainer, coach, and certified mentor over the past 17 years, training more than 3,000 individuals, including top-level executives, government officials, students, and graduates. 

Raad said: “From the outset, our vision has been to build IMI into a global media powerhouse that enriches and empowers lives through cutting-edge media products, content, and user experiences, delivered by best-in-class journalists and professionals.

“We are proud to have made significant strides toward that goal over the past year, and we recognize that this progress brings with it a responsibility to nurture the next generation of media talent in the region, helping to grow this vital sector that we aim to lead. The establishment of the IMI Academy will introduce a new offering that supports the ongoing learning and development needs of our evolving industry.

“I am delighted to welcome Faisal bin Huraiz to this new role, which he will take on alongside his position as a presenter at Sky News Arabia. Faisal is an exemplary Emirati talent, and one of the region’s most highly certified professionals in media training, Faisal has been instrumental in the success of the Sky News Arabia Academy since its inception. In his new role, the IMI Academy will benefit not only from his expertise at Sky News Arabia but also from the strengths of The National, CNN Business Arabic, and Al-Ain News. I am confident that he will lead the IMI Academy to become the region’s foremost media training hub.”

Under bin Huraiz’s leadership, the academy will introduce world-class training and development programs, featuring modern curriculums delivered through advanced practical teaching techniques and accelerated learning methods. All courses will be aligned with global standards to ensure the highest levels of professionalism and will incorporate the latest technologies, including AI tools.

Reflecting on his new role, bin Huraiz said: “I am honored by the trust placed in me to lead the IMI Academy. This role perfectly aligns with my passion for training, capacity building, and media empowerment. In today’s era of storytelling, owning and effectively conveying your narrative is crucial — if you do not tell your story, someone else will. The experiences I’ve gained at Sky News Arabia, both in the newsroom and on the field, have deepened my commitment to advancing media training in our region. My goal is to enhance professionalism and empower every speaker and decision-maker to communicate their message effectively.

“I look forward to working with our experienced team to build on their excellent work and deliver innovative, impactful programs tailored to the needs of individuals, institutions, and governments, while upholding the highest professional and ethical standards.”

In addition to his extensive training accreditations and certifications, bin Huraiz holds a bachelor’s degree in mass communications from UAE University and an associate degree in cinematography and film/ video production from the New York Film Academy.


Tree launches Saudi Arabia’s first pet insurance

Tree launches Saudi Arabia’s first pet insurance
Updated 11 September 2024
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Tree launches Saudi Arabia’s first pet insurance

Tree launches Saudi Arabia’s first pet insurance

Tree Digital Insurance Agency has announced the official launch of the Kingdom’s first pet insurance, a groundbreaking product designed to meet the growing needs of pet owners in Riyadh and beyond. This innovative product is part of Tree’s broader strategy to expand its digital insurance offerings, in line with Saudi Arabia’s Vision 2030 goals of enhancing the Kingdom’s digital infrastructure and improving the quality of life for its residents.

As the only insurance product of its kind licensed by the Insurance Authority in Saudi Arabia, Tree’s pet insurance provides comprehensive coverage for cats and dogs, offering financial protection for pet owners against the costs of veterinary care, surgeries, medications, and more. This product launch represents a significant milestone in Tree’s mission to fill market gaps with innovative, customer-centric solutions.

“Today’s launch of pet insurance marks a pivotal moment in the evolution of Saudi Arabia’s insurance sector,” said Preeti Mundhra, a member of Tree’s executive management. “As the first digital insurance agency in the Kingdom, we are committed to driving digital transformation and bringing innovative products to the market that address the unique needs of our customers. This product not only protects pets but also enhances the overall support system available to pet owners, contributing to the quality of life improvements envisioned in Vision 2030.”

Bader Alhathal, another member of Tree’s executive management, added: “This product is more than just insurance; it’s a commitment to the well-being of our pets and the peace of mind of their owners. By offering pet insurance, we are taking a significant step toward providing comprehensive, accessible, and digitally driven solutions that cater to the modern lifestyle of our customers.”

The launch of pet insurance comes at a time when Saudi Arabia is witnessing rapid growth in pet ownership, particularly in urban centers like Riyadh. With this new offering, Tree aims to support this growing community by providing a reliable and accessible insurance solution that ensures pets receive the care they need while also providing peace of mind to their owners.

The Insurance Authority has played a crucial role in enabling Tree to bring this product to the market. By lifting regulatory restrictions and granting Tree a perpetual license earlier this year, the IA has demonstrated its commitment to fostering a vibrant, diversified private sector, in alignment with the objectives of Vision 2030.

“We are grateful for the continued support of the Insurance Authority, which has been instrumental in our journey to becoming a leader in digital insurance,” added Mundhra. “Their commitment to innovation and public-private collaboration has been key to our success.”

Tree is Saudi Arabia’s first digital insurance agency. Since its inception in 2022, Tree has aimed to transform the insurance sector through digital innovation, offering a range of products that include motor insurance, travel insurance, and now pet insurance.


Badael opens second manufacturing facility in Jeddah to address rising demand

Badael opens second manufacturing facility in Jeddah to address rising demand
Updated 11 September 2024
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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.