Oil industry brings Russia, Saudi Arabia together

Novomet, the Perm-based Russian company that is the world leader in these devices, has teamed up with Saudi Aramco in a deal — also involving the Kingdom’s Public Investment Fund and the Russian Direct Investment Fund. (Supplied)
Updated 15 October 2019
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Oil industry brings Russia, Saudi Arabia together

  • Business climate has improved in Saudi Arabia, says Novomet CEO

MOSCOW: The Russian city of Perm, on the threshold of Siberia in the Ural Mountains, is a world away from the desert heat of Dammam in Saudi Arabia, but the two places have at least one thing in common: Electrical submersible pumps (ESP).
Novomet, the Perm-based Russian company that is the world leader in these devices, has teamed up with Saudi Aramco in a deal — also involving the Kingdom’s Public Investment Fund (PIF) and the Russian Direct Investment Fund (RDIF) — that is the latest example of business cooperation between the two countries.
A consortium of investors including RDIF, Saudi Aramco and PIF signed the deal — in the presence of King Salman and Russian President Vladimir Putin — to acquire 31 percent of Novomet.
Novomet CEO Maksim Perelman was not there due to urgent business in Perm, but he was involved in the complex negotiations leading up to the signing.
“We’ve been trying for 10 years to break into Saudi Arabia, and finally we’ve done it,” he told Arab News.
Political issues slowed down talks on the potential deal, he said, and were a factor in a proposed tie-up with the big American oil services company Halliburton, which fell foul of increasingly tense US-Russia relations.
“With Saudi Arabia it’s easier. We’re talking about business and technology, not about politics,” he said.

HIGHLIGHTS

• Novomet pumps are installed in oil wells to drive crude oil to the surface ready for shipping and refining.

• Novomet’s business in Saudi Arabia is currently conducted via local agents and technical support staff in Dammam.

• CEO Maksim Perelman is looking forward to closer working relationships in Saudi Arabia, and is considering opening a full branch office.

Under the transaction, a consortium comprising Saudi Aramco, the PIF and the RDIF will take a 30 percent stake in Novomet, a private company founded after the end of the Soviet Union by Perelman’s father and some colleagues. The value of the transaction has not been disclosed.
“We’re the technology leader in this area. The product is still unique — it’s very slimline equipment — and nobody can compete with us,” Perelman said.
Novomet pumps are installed in oil wells to drive crude oil to the surface ready for shipping and refining.
“We can solve a lot of the problems in terms of oil production,” Perelman said.
He is looking forward to closer working relationships in Saudi Arabia, and is considering opening a full branch office there.
At the moment, Novomet’s business in the Kingdom is conducted via local agents and technical support staff in Dammam, where oil was first discovered in significant quantities more than 80 years ago.
“We’ve seen a lot of improvement in how we can do business in Saudi Arabia. Now it’s much more flexible,” Perelman said.
“The Kingdom wants more companies to come and open up there, and it’s moving in the right way. Now I can get a visa easily online, whereas 10 years ago it took maybe a week.”


Bahrain’s king receives Saudi minister of state in Manama

Updated 25 December 2024
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Bahrain’s king receives Saudi minister of state in Manama

  • King Hamad conveyed greetings to King Salman and Crown Prince Mohammed bin Salman

RIYADH: Bahrain’s King Hamad bin Isa Al-Khalifa received Saudi Arabia’s Minister of State and Cabinet Member Prince Turki bin Mohammed bin Fahd bin Abdulaziz in Manama on Wednesday.

Prince Turki conveyed greetings from King Salman and Crown Prince Mohammed bin Salman.

King Hamad, who welcomed Prince Turki and his delegation at Al-Safriya Palace, highlighted the strong ties between Riyadh and Manama, the Saudi Press Agency reported.

King Hamad also conveyed his greetings to King Salman and the crown prince, the SPA added.


Makkah developing smart solutions to counter natural disasters 

Makkah municipality is planning to develop several AI and other smart solutions to help mitigate natural disasters.
Updated 25 December 2024
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Makkah developing smart solutions to counter natural disasters 

  • Plan includes improving efficiency and operational capabilities of the city’s control room

RIYADH: Makkah municipality is planning to develop several artificial-intelligence and other smart solutions to help mitigate natural disasters, particularly flooding, the Saudi Press Agency reported on Wednesday.

The municipality recently signed an agreement with a specialist company to develop these technical solutions, which includes improving the efficiency and operational capabilities of the city’s control room.

In addition, the plan is to enhance governance frameworks that support quality and sustainability goals, and accelerate digital transformation initiatives within the city.

Key features of this collaboration include the development of a smart system for infrastructure monitoring. The Makkah region has experienced heavy rainfall regularly this year. 

By improving service efficiency, boosting infrastructure safety, and leveraging technology, the city aims to significantly enhance the quality of life for both residents and visitors, aligning with the goals of Saudi Vision 2030, the SPA reported.

Earlier this year the municipality expanded e-services and applications, and developed the city’s infrastructure with multi-level parking lots, and technology-operated facilities.

As a result, Makkah is now ranked 52nd in the global Smart City Index, fifth in the Arab world, and second in the Kingdom after Riyadh. 

All these services are contributing to a sustainable urban environment in Makkah, according to the municipality.

Makkah’s new developments are also aimed at enhancing services for the increasing number of pilgrims and visitors traveling to the holy city.


Digital clinic to open new horizons for autism care in Saudi Arabia

Prince Saud bin Abdulaziz Al-Farhan Al-Saud, Chairman of SAF.
Updated 25 min 19 sec ago
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Digital clinic to open new horizons for autism care in Saudi Arabia

  • Prince Saud bin Abdulaziz Al-Farhan Al-Saud: ‘This is just the beginning of our plans’

RIYADH: Following the success of the Taif Aziz Caravan for people with autism, the Society of Autism Families is gearing up for the launch of the Kingdom’s first digital clinic powered by a team of experts, doctors, and specialists.

The Taif Aziz Caravan was the first of its kind to travel across Saudi Arabia. Launched by the Society of Autism Families in June 2023, it offered integrated healthcare services to those with autism spectrum disorder and their families, as well as specialized medical consultations and free services.

In collaboration with the Ministry of Health and the Ministry of Human Resources and Social Development, Taif Aziz Caravan raised awareness about early detection of autism spectrum disorder.

The convoy lasted nearly four months, covering about 12,000 km and visiting 53 cities in the Kingdom. The initiative earned the Society of Autism Families the International Excellence Award in Corporate Social Responsibility in London recently.

Prince Saud bin Abdulaziz Al-Farhan Al-Saud, chairman of the organization, told Arab News: “This award holds immense importance for social work worldwide. Winning it for our innovative Taif Aziz Caravan project is a well-deserved recognition of the association's exceptional community contributions.”

Introducing the digital clinic project, he said: “Our work is ongoing and boundless, driven by a passionate commitment to serve.”

He went on to say that the Digital Autism Clinic will provide rehabilitative, medical, and therapeutic services to people with autism across the Kingdom. “This is just the beginning of our plans for greater advancements in this field, God willing.”

The organization’s digital platform allows beneficiaries to easily register and access all available services.

“No pioneering project is without its challenges. However, we tackle these obstacles with well-established strategies and meticulous planning,” Prince Saud said, noting that despite challenges, the convoy achieved its goal within a short timeframe, ensuring the necessary support, and conducting comprehensive social and psychological assessments.

“Awareness empowers society to embrace diversity and enhances the quality of life for everyone. Community understanding is fundamental to supporting individuals with autism effectively,” he added.

The association actively promotes awareness through various initiatives and projects, “as we recognize the significant impact of community awareness about autism spectrum disorder and its profound effect on various areas of life,” the chairman said.

Noting the collaborative efforts taking place in the Kingdom to uplift communities, Prince Saud said: “In Saudi Arabia, collaboration between institutions from all sectors — governmental, private, and nonprofit — is a hallmark of our approach to achieving collective progress.

“I take this opportunity to thank our partners across these sectors for their unwavering support. Together, we achieve both impact and development.”

The Society of Autism Families raises awareness through various initiatives, including high-quality media productions such as the play “Sala 4” in collaboration with the Ministry of Culture, the world’s first 3D series on autism, under the supervision of a team of specialists, as well as the production of the first song in the world featuring people with autism, among other initiatives.

“Continuous presence and active participation in major events, exhibitions, and conferences, along with social media platforms, are key mechanisms for highlighting inspiring real-life stories and advocating for change,” Prince Saud added.

According to the association's website, autism spectrum disorder refers to a collection of conditions marked by difficulties in social skills, repetitive behaviors, and non-verbal communication, alongside unique strengths and differences.

The site explains that autism is not a single condition but a spectrum of diverse types, shaped by a combination of genetic and environmental factors, which influence each individual in a distinct way.

The term “spectrum” highlights the vast diversity in the challenges and strengths each child with this disorder may exhibit. While the most noticeable traits typically emerge between the ages of two and three, in some instances, early diagnosis can occur as young as 18 months.

The WHO reported that one in every 160 children worldwide is diagnosed with autism spectrum disorder.


Riyadh symposium explores challenges in theater training

Updated 25 December 2024
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Riyadh symposium explores challenges in theater training

  • This year’s festival features 20 performances selected by experts, reflecting the diversity of Saudi theater and its developmental initiatives

RIYADH: The Riyadh Theater Festival, organized by the Theater and Performing Arts Commission, is being held at Princess Nourah bint Abdulrahman University until Dec. 26.

A dialogue symposium at the festival explored challenges and opportunities in theatrical training in the Arab world, focusing on issues such as limited specialized programs, financial constraints, and cultural barriers.

Participants emphasized the need for stronger partnerships between Arab countries to support training, research, and the role of theater in education and public awareness, the Saudi Press Agency reported.

The symposium also highlighted the importance of innovative educational programs that foster skill development and produce tangible results in the performing arts.

Sultan Al-Bazie, CEO of the commission, called the festival a cornerstone for advancing theater in the Kingdom and raising public awareness of the performing arts.

This year’s festival features 20 performances selected by experts, reflecting the diversity of Saudi theater and its developmental initiatives.

It supports Saudi talent and enhances the Kingdom’s presence on regional and international stages. The event will conclude with awards for outstanding performers.


Saudi authorities seize drugs, arrest two suspects in Riyadh

Updated 25 December 2024
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Saudi authorities seize drugs, arrest two suspects in Riyadh

  • Authorities sezied 35 kg of hashish and 32,338 controlled medical tablets

RIYADH: Saudi Arabia’s drug control authority seized quantities of narcotics and arrested two suspects for drug promotion in Riyadh on Tuesday.

The General Directorate of Narcotics Control reported the seizure of 35 kg of hashish, 32,338 controlled medical tablets, as well as amphetamine and methamphetamine drugs.

It said that it had arrested two suspects in the case — a Syrian resident and a national — in Riyadh’s region, and referred them to prosecution, the Saudi Press Agency reported.

Saudi security authorities are urging people to report any activities related to drug smuggling or promotion by calling 911 in the Makkah, Riyadh and Eastern Province regions, and 999 in the rest of the Kingdom.

Alternatively, information can be emailed to [email protected]. All reports are treated in confidence.