Alfanar sign $1.5bn deal with Daewoo E&C during iktva 2023

Amer Al-Ajmi, executive vice president of Alfanar, and Sungmin Yang, senior vice president of Daewoo, signed the MoU.
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Updated 06 February 2023
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Alfanar sign $1.5bn deal with Daewoo E&C during iktva 2023

Alfanar signed a memorandum of understanding with the Korean company Daewoo Engineering and Construction, during Saudi Aramco’s iktva 2023 Forum and Exhibition. The event was held at Dhahran Expo under the patronage of Prince Saud bin Nayef bin Abdulaziz, governor of the Eastern Province, from Jan. 30 to Feb. 2.

The $1.5 billion agreement signed by Amer Al-Ajmi, executive vice president of Alfanar, and Sungmin Yang, senior vice president of Daewoo, is aimed toward joint cooperation in future projects for the oil, gas and petrochemicals sectors. As a leading Saudi company, Alfanar contributes heavily toward developing local content and achieving sustainability in these sectors. Through this agreement, Alfanar will work on transferring and localizing expertise in the engineering construction field, and exchanging the expertise of advanced technologies used in design, procurement and project execution for the oil, gas and petrochemicals sectors.

In the seventh edition of iktva, Alfanar, as a platinum sponsor, also showcased its manufacturing, engineering construction, and project development capabilities at the “Sustainability Pavilion.”

“Alfanar is one of the leading Saudi companies that is contributing to supporting local content through its national investments, which are raising the rate of localization in Saudi Arabia,” Al-Ajmi said.

He added: “These investments play a key role in advancing economic development by increasing the number of national products in many fields and by creating quality jobs. In addition to what Alfanar has already achieved in local manufacturing of industrial products, technology transfer and acquisition of international technologies, we are also working toward introducing new industries that did not exist previously in Saudi Arabia, besides what Alfanar currently has, to support Saudi Vision 2030 by possessing full intellectual property rights.”

For more than 40 years, Alfanar has been a global leader in the energy and infrastructure sectors in the Middle East, with operations in more than 22 countries. From its inception in 1976 in the Kingdom, the company is engaged in the construction, development, and operation of major projects across energy, water, process and infrastructure, as well as in the manufacturing of electrical products. Alfanar is also a major player in green fuels, with ambitious renewable energy projects in Saudi Arabia, the UK, Spain and India, and is one of the major manufacturers of wind turbines in Asia.


New Honeywell center to boost KSA’s industrial cybersecurity

Updated 14 January 2025
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New Honeywell center to boost KSA’s industrial cybersecurity

Honeywell has launched a new center in Jubail to provide localized cybersecurity services for critical industrial sectors in the Kingdom. The center was announced at IKTVA Forum and Exhibition in Dhahran.

The Honeywell Himaya Center, located in the company’s Jubail office, underscores the alignment of Honeywell’s portfolio to three compelling megatrends including automation. It is designed to strengthen industrial cybersecurity capabilities in the Kingdom by offering more robust operational technology security solutions to address today’s evolving threats, while helping businesses maintain regulatory compliance.

The center will provide in-country managed security services to key sectors including energy, manufacturing and utilities. This includes Honeywell’s flagship Cyber Insight and Cyber Watch software solutions, which help businesses maintain continuous compliance with the National Cybersecurity Authority OT Cybersecurity Controls regulations, and support the use of automation and artificial intelligence-enabled technologies. 

Abdullah Al-Juffali, president, Honeywell Saudi Arabia and Bahrain.

“The launch of the Honeywell Himaya Center is a testament to our dedication to supporting Saudi Arabia’s localization and industrial transformation objectives, and the ambitious vision set forth by the IKTVA program,” said Abdullah Al-Juffali, president, Honeywell Saudi Arabia and Bahrain. 

“The new center will bring critical local cybersecurity capabilities to the Kingdom, and support the growth of a resilient and self-reliant industrial ecosystem.”

Saudi Arabia’s cybersecurity market is expected to grow from $3.6 billion today to $10.5 billion by 2032. This growth is driven by digital transformation, rising cyberthreats, and initiatives like Vision 2030. The increasing reliance on cloud technologies and focus on data protection are fueling demand for advanced security solutions across key industries.

“Industrial automation and AI are pivotal in driving operational efficiency and business resilience across critical industries,” said George Bou Mitri, president, Honeywell Industrial Automation for the Middle East, Turkiye, Africa, and Central Asia. “The target of the Honeywell Himaya Center is to provide unparalleled support to businesses, helping them navigate the complexities of industrial cybersecurity and leverage the benefits of advanced automation technologies.”

Honeywell is at the global forefront of driving the future of OT cybersecurity by enabling secure, compliant and resilient operations across the industrial sector. The launch of the Honeywell Himaya Center is a significant step toward supporting the Kingdom’s digital transformation and strengthening its position as a key player in the global cybersecurity market.

Honeywell has been present in Saudi Arabia for more than 70 years, delivering cutting-edge solutions and actively contributing to the government’s vision to advance technology adoption and sustainability efforts. Honeywell runs training programs to help transform Saudi Arabia into a knowledge-based economy, equipping Saudi nationals with essential technical skills in various sectors including energy, automation, and aviation.


SRMG wins exclusive rights to market ‘Schools Walking Challenge’ program

Updated 14 January 2025
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SRMG wins exclusive rights to market ‘Schools Walking Challenge’ program

The Saudi Research and Media Group has announced a strategic partnership with the “Walking Challenge Entertainment Company,” through which the group has been granted the exclusive rights to market the WCEC programs. These programs enhance the quality of life for more than 6 million male and female students across the Kingdom, in line with Vision 2030.

The partnership’s key focus is the “Schools Walking Challenge” program, which covers around 1,250 schools spread across 16 administrative regions in the Kingdom. Its primary goal is to promote healthy lifestyles among students. SRMG will help the program attract commercial sponsors from the public and private sector by providing innovative marketing and commercial opportunities that allow it to communicate its messages to the youth.

This aligns with SRMG’s sustainability initiatives aimed at enhancing public health and spreading community awareness. It also reflects the group’s business diversification strategy of expanding into marketing, high quality content creation, event organization and training, to further cement its media leadership in Saudi Arabia and the Middle East.

The partnership between the group and the WCEC offers unique marketing solutions, including a smart app that encourages students to keep track of their daily activities, participate in competitions, and receive motivational rewards. The app allows sponsors the opportunity to deliver tailored messages to the youth. The program also offers other opportunities, including the ability to place creative content on electronic screens inside schools and organizing sporting events and competitions that enhance community participation. All of these activities make the program a comprehensive platform that combines entertainment and benefit for all.

“The ‘Walking Challenge’ program represents a model of cooperation between various sectors to motivate the youth to adopt healthy lifestyles. It also reflects the group’s ability to deliver, spread, and market high-quality content using the latest technologies,” SRMG said in a statement.

Prince Khalid bin Saud Al-Faisal, chairman of the board of the Walking Challenge Entertainment Company, said: “The ‘Schools Walking Challenge’ program is not just a sports competition; it is rather a comprehensive technology based project to motivate the youth to adopt active lifestyles. It embodies an ambitious leadership vision aimed at achieving a sustainable impact that enhances the health of future generations and supports the prosperity of the community.”


Al-Qaryan Group begins decommissioning project for SABIC subsidiary ‘Ibn Rushd’

Updated 14 January 2025
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Al-Qaryan Group begins decommissioning project for SABIC subsidiary ‘Ibn Rushd’

Al-Qaryan Group, a Saudi closed joint-stock company specialized in industrial dismantling, demolition, and circular industries, has started work on a mega-project to dismantle and demolish production facilities at the Arabian Industrial Fibers Company (Ibn Rushd), a SABIC subsidiary.

The scope of work covers over 125,000 square meters encompassing eight integrated production zones, and includes the complete dismantling of production units, auxiliary facilities, and associated civil structures, followed by full site restoration.

The project scope also includes the transportation of all dismantled materials off-site for processing, recovery and recycling at the group’s specialized facilities and downstream factories, applying best practices and benchmark standards. Moreover, the project contributes to sustainability targets through enhanced energy efficiency and significant minimization of carbon emissions.

Al-Qaryan Group operates a network of approximately 20 processing and recycling facilities across the Kingdom, specializing in the recycling of ferrous, non-ferrous and plastics materials, in addition to owning and operating three downstream factories for steel, plastic and copper, which enables the group to provide end-to-end recycling solutions for industrial-scale projects.

Abdulaziz Yahya Almuayyad, CEO of Al-Qaryan Group, said: “The group is proud to be selected by Ibn Rushd for this critical dismantling and demolition project and we are committed to leverage our long experience in the field to continually enhance our technical and logistical capabilities to ensure best-in-class project execution at the highest safety and quality standards.

The group has a successful track record in industrial dismantling and demolition such as that of Saudi Arabian Fertilizer Company in Alkhobar, and several desalination plants and power stations across the Kingdom. For this project, the group has deployed specialized expertise and cutting-edge technologies in dismantling and demolition, including state-of-the-art heavy and high reach dismantling equipment capable of dismantling complex industrial units. 

Almuayyad said Al-Qaryan Group has seamlessly integrated industry-leading sustainability metrics into its core strategic objectives and goals, ensuring alignment with global best practices while strengthening its position as a key contributor to the ambitious sustainability goals of Saudi Vision 2030, especially the targets set forth in the Saudi Green Initiative, launched by Crown Prince Mohammed bin Salman.

He also said that the group maintains a leading position in industrial circular industries through strategic investments in state-of-the-art technologies and innovative operational practices. The current project is a tangible demonstration of Al-Qaryan Group’s dedication to local content development, particularly bolstering the national economy through the utilization of domestic expertise, thereby making a significant contribution to the Kingdom’s sustainable development objectives.


Saudis top Qatar’s 5m tourist arrivals in 2024

Updated 14 January 2025
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Saudis top Qatar’s 5m tourist arrivals in 2024

Saudis made up the largest proportion of tourists to Qatar in 2024 at nearly a quarter of arrivals, a Visit Qatar spokesperson told Arab News.

The peninsular state bordering Saudi Arabia is pushing to boost its tourism numbers in the years following the FIFA World Cup 2022, which brought millions of visitors from around the world.

“Visitors from Saudi Arabia remain the top source market for international visitors this year, contributing around a quarter of all arrivals,” said Dr. Buthaina Mohammed Al-Janahi, media relations and communications senior manager at Visit Qatar.

More than 5 million tourists visited Qatar in 2024, officials said, with the presence of more than 1 million Saudis reflecting close ties between the neighboring countries three years after the end of a diplomatic rift.

Both countries regularly host bilateral official visits and enjoy booming trade, which has seen around $10 billion worth of contracts signed, Reuters reported.

Qatar aims to raise its tourist numbers to 6 million annually, raise tourism spending to 12 percent of GDP and create 250,000 jobs by 2030.

The World Cup saw 3.4 million people from around the world attending — the biggest influx of visitors to Qatar in the country’s history.

There was much speculation at the time about how the extensive infrastructure built for the tournament would go on to serve the country’s needs after the 3.4 million had left.

One stadium — the 974 stadium — was built to be eventually disassembled and relocated. Another, Al-Bayt stadium, is set to be converted into a luxury hotel and shopping center to serve Qatar’s growing tourist numbers as well as residents.

Today, the streets of Doha are still adorned with banners from 2022, thus far the peak of the city’s tourism.

With the unprecedented global visibility that the World Cup offered, officials are hoping to build on the success of the tournament, with the number of hotel rooms exceeding 40,061 in 2024.

Having made history as the city where Lionel Messi first led his Argentine squad to victory, football fans from South America are still flocking to the popular Souq Waqif to pick up a version of the bisht cloak that was draped around the striker’s shoulders by Sheikh Tamim bin Hamad Al-Thani.

New developments like Habitas Ras Al-Abrouq — developed by government-owned Qatar Airways and launched early 2024 — aim to attract high-wealth tourists.

The hi-tech Msheireb Downtown planned city is another draw for tourists, with its hydrogen-powered tram and luxury eateries.

The district is based in one of Qatar’s most historic areas, and the redevelopment was opened in 2021.

In a prime example of how the country deploys opulent spending in order to reimagine its heritage, the Katara Cultural Village offers such attractions as the Blue Mosque and the marble amphitheater.


‘Giordano x Kung Fu Panda’ celebrates New Year

The collection embodies the essence of Kung Fu Panda’s martial arts poses.
Updated 14 January 2025
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‘Giordano x Kung Fu Panda’ celebrates New Year

Global apparel retailer Giordano has unveiled its “Giordano x Kung Fu Panda” collaboration series to celebrate the New Year.

This marks Giordano’s inaugural partnership with DreamWorks Animation’s beloved Kung Fu Panda franchise, harnessing the positive attributes associated with martial arts to present a vibrant and exclusive apparel collection for men, women, and children. The collection embodies the essence of Kung Fu Panda’s martial arts poses, communicating vital messages about respect, harmony, fairness, and self-reliance.

The collaboration also includes engaging in in-store activities and unique Kung Fu Panda-themed content on social media platforms.

Through initiatives like this, Giordano continues to enhance its global brand presence, advancing its growth strategy while celebrating cultural moments that resonate with its diverse audience.

Combining contemporary designs, high-quality materials, and comfortable silhouettes, the collection features bold prints that reflect the festive spirit.

Limited-edition items are available both in stores and online across key markets, including China, Hong Kong, Taiwan, Singapore, Malaysia, Thailand, Indonesia, Vietnam, the UAE, and Saudi Arabia.

The collection offers a variety of hoodies, T-shirts, and jackets, along with coordinated family sets that are perfect for holiday celebrations.

“As the New Year symbolizes fresh beginnings and opportunities for growth, we are delighted to collaborate with Kung Fu Panda to bring Giordano’s vision of a ‘World Without Strangers’ to life. This partnership enables us to connect with our customers in a meaningful yet enjoyable manner, while also presenting an exciting collection suitable for families,” said Ahmedullah, managing director of Giordano Saudi Arabia. “At Giordano, our objective is to seamlessly integrate creativity, quality, and inclusivity to craft memorable experiences for our shoppers.”

Colin Currie, CEO of Giordano International, added: “By enhancing our global retail operations, creating engaging store narratives, and improving product assortment availability, we have successfully achieved positive sales growth and expanded our customer base. This encouraging performance has established a solid foundation for our five-year strategic plan ‘Beyond Boundaries.’”

This collaboration marks a pivotal milestone in Giordano’s endeavor to blend style with purposeful storytelling, providing customers with an opportunity to embrace the New Year with flair.