Category: Production

Riyadh: King Abdul Aziz Port in Dammam has been named “Port of the Year” at the 19th edition of the ShipTek Awards, according to a press release from the Saudi Ports Authority (Mawani).

This accolade celebrates Mawani’s endeavor to improve the port’s infrastructure, whose central focus was the development and operation of container terminals. With an investment exceeding SAR7 billion through a Build-Operate-Transfer (BOT) system, the port’s container handling capacity has surged by over 120%, now reaching 7.5 million TEUs.

According to the release, Mawani has partnered with STC to propel King Abdul Aziz Port into the future as a smart port powered by 5G technology. This partnership, part of the Smart Ports program, aims to automate operations, including remote control of cranes, for enhanced efficiency and faster container movement.

Further enhancing the port’s capabilities are four integrated logistics parks, representing an investment exceeding SAR1.2 billion. These parks streamline transportation, distr
ibution, and storage operations, both regionally and locally.

According to the release, King Abdul Aziz Port plays “a crucial role in bolstering the maritime transport sector”.

Strategic partnerships with leading global shipping lines have resulted in the launch of 12 new shipping services in 2023 and a further six since the beginning of 2024.

These infrastructure advancements have yielded impressive results, with the port achieving record-breaking container throughput. In 2023, the port handled 2,305,811 TEUs, a 13.10% increase over 2022.

The upward trend continued in February 2024, with the port handling a record 235,820 TEUs, a remarkable 25.41% growth compared to the same period in the previous year.

Source: Saudi Press Agency

Riyadh: Under the patronage of Governor of the Riyadh Region Prince Faisal bin Bandar bin Abdulaziz, the International Exhibition for Nonprofit Sector (IENA 2024), held under the theme “Effective Partnerships for Sustainable Development,” is scheduled to start on May 26 in Riyadh.

Minister of Human Resources and Social Development and Chairman of the Board of Directors of the National Center for Non-Profit Sector Eng. Ahmed Al-Rajhi will attend the inauguration ceremony.

IENA is the first of its kind in the Kingdom. It aims to support non-profit organizations operating in 120 diverse fields, addressing societal development needs and individual concerns.

In its second edition, IENA aims to highlight the rapid developments in the non-profit sector and its contribution to achieving the goals of the Saudi Vision 2030. It serves as a platform for continuous communication among sector professionals and building relationships between local and international non-profit entities. This year’s exhibition will showcas
e the experiences and successes of participating entities in various fields of the non-profit sector, as well as the participation of international organizations.

Interested individuals can register to attend and learn more about the exhibition through the website: ienaexpoksa.com.

The first edition of IENA saw the participation of 74 local and international non-profit organizations. During the event, 69 agreements were signed, including agreements to establish portfolios for sector organizations, with a total value exceeding SAR100 million.

Source: Saudi Press Agency

Doha: Qatar Stock Exchange index started Sunday’s trading session up by 0.40%, adding 38.52 points to reach the level of 9741 points, compared to last closing.

The index was supported by a rise in five sectors: Transportation by 0.93%; Real Estate by 0.58%, Banks and Financial Services by 0.39%; Telecoms by 0.37%; and Industrials by 0.14%. On the other hand, the index saw a decline in Insurance by 0.47%; and Consumer Goods and Services by 0.26%.

At 10:00 am, 31.154 million shares were traded in 2,535 transactions valued QR 69.323 million.

Source: Qatar News Agency

Riyadh: The CEO of the Saudi Fund for Development (SFD), Sultan Abdulrahman Al-Marshad, participated today with the Director-General of the Arab Bank for Economic Development in Africa (BADEA), Dr. Sidi Ould Tah, in the opening of the 92nd regular meeting of operations directors of the Arab Coordination Group (ACG) institutions. The event, hosted by BADEA, was attended by officials and representatives of the member institutions and funds in the ACG.

The SFD was represented at the meeting by the Deputy CEO overseeing Operations at SFD, Eng. Faisal bin Mohammed Al-Kahtani. The discussions aimed to contribute to the developmental journey and enhance vital opportunities through ongoing efforts to support greater effectiveness by optimizing the competencies and capabilities available within the member institutions and funds. Additionally, the meeting sought to achieve common developmental goals, including developmental support and social and economic growth in beneficiary countries worldwide.

The meeting also fo
cused on strengthening initiatives and cooperation in the exchange of information and data on developmental projects and plans, aligning procedures to provide the necessary funding for implementing priority developmental projects and programs in developing countries worldwide.

Source: Saudi Press Agency

DUBAI: The Sharjah Chamber of Commerce and Industry (SCCI) took part in the first edition of ACRES Real Estate Exhibition Dubai, held from May 16 to May 19, 2024.

The event featured over 40 leading real estate companies, developers, and investors from Dubai, the region, and globally. Throughout the exhibition, the Sharjah Chamber effectively enhanced its relationships with several participating companies, fostering new business opportunities and collaborations.

On the sidelines of the well-attended exhibition, which drew thousands of visitors, theChamber engaged in a series of meetings with top-tier officials and property investors and developers. The SCCI highlighted its crucial role in bolstering the real estate sector in Sharjah, highlighting its efforts in creating a favorable investment environment and streamlining processes for investors and property firms.

During the event, the Sharjah Chamber showcased a range of investment opportunities available in the emirate’s real estate sector.

It emphasised
the importance of enhancing cooperation and exchanging expertise among key industry players. The Chamber’s efforts are directed towards promoting real estate development, establishing foundations for the sustained growth of this sector.

Mohammed Ahmed Amin Al-Awadi, Director-General of SCCI, affirmed that the Chamber’s engagement in ACRES Dubai 2024 aligns with its strategy to support and foster the growth of Sharjah’s ever-growing real estate sector, which is a key pillar of the UAE’s economy.

He noted that the exhibition provided an opportunity to showcase and promote major real estate projects, thereby boosting investor confidence and attracting more foreign and local investments. The event served as a robust platform to facilitate communication and interaction between property developers and investors.

It also served as an excellent venue to showcase the abundant investment advantages and incentives offered by Sharjah, including streamlined legal processes, supportive regulations, advanced infrastructu
re, and other facilitations catering to investors’ needs in the real estate sector and beyond.

Al-Awadi pointed out that the SCCI’s engagement in ACRES Exhibition and other important property events enhances Sharjah’s stature as a leading investment destination in the region, offering valuable opportunities for real estate investors and developers to exchange expertise and knowledge.

These events also provide valuable insights into the global real estate market, equipping participants with knowledge about the latest trends and advancements driving the industry forward.

Concluding his statements, Al-Awadi assured that the Sharjah Chamber will continue its efforts to support the real estate sector, whether through organising specialised exhibitions and shows or participating in similar events.

He added that the Chamber seeks to provide all necessary facilitation and services to promote sustainable growth and development in the UAE’s real estate market and other economic sectors.

Source: Emirates News Agen
cy

DUBAI: The Sharjah Chamber of Commerce and Industry (SCCI) took part in the first edition of ACRES Real Estate Exhibition Dubai, held from May 16 to May 19, 2024.

The event featured over 40 leading real estate companies, developers, and investors from Dubai, the region, and globally. Throughout the exhibition, the Sharjah Chamber effectively enhanced its relationships with several participating companies, fostering new business opportunities and collaborations.

On the sidelines of the well-attended exhibition, which drew thousands of visitors, theChamber engaged in a series of meetings with top-tier officials and property investors and developers. The SCCI highlighted its crucial role in bolstering the real estate sector in Sharjah, highlighting its efforts in creating a favorable investment environment and streamlining processes for investors and property firms.

During the event, the Sharjah Chamber showcased a range of investment opportunities available in the emirate’s real estate sector.

It emphasised
the importance of enhancing cooperation and exchanging expertise among key industry players. The Chamber’s efforts are directed towards promoting real estate development, establishing foundations for the sustained growth of this sector.

Mohammed Ahmed Amin Al-Awadi, Director-General of SCCI, affirmed that the Chamber’s engagement in ACRES Dubai 2024 aligns with its strategy to support and foster the growth of Sharjah’s ever-growing real estate sector, which is a key pillar of the UAE’s economy.

He noted that the exhibition provided an opportunity to showcase and promote major real estate projects, thereby boosting investor confidence and attracting more foreign and local investments. The event served as a robust platform to facilitate communication and interaction between property developers and investors.

It also served as an excellent venue to showcase the abundant investment advantages and incentives offered by Sharjah, including streamlined legal processes, supportive regulations, advanced infrastructu
re, and other facilitations catering to investors’ needs in the real estate sector and beyond.

Al-Awadi pointed out that the SCCI’s engagement in ACRES Exhibition and other important property events enhances Sharjah’s stature as a leading investment destination in the region, offering valuable opportunities for real estate investors and developers to exchange expertise and knowledge.

These events also provide valuable insights into the global real estate market, equipping participants with knowledge about the latest trends and advancements driving the industry forward.

Concluding his statements, Al-Awadi assured that the Sharjah Chamber will continue its efforts to support the real estate sector, whether through organising specialised exhibitions and shows or participating in similar events.

He added that the Chamber seeks to provide all necessary facilitation and services to promote sustainable growth and development in the UAE’s real estate market and other economic sectors.

Source: Emirates News Agen
cy