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Samsung names ShasTech authorized reseller in KSA

Samsung names ShasTech authorized reseller in KSA

2237December 17, 2011 – al-Riyadh - Samsung Electronics, the leading global company in multimedia and technology, signed a partnership agreement with ShasTech naming the later an authorized reseller for its products in KSA, in line with its expansion strategy in the region, after the huge success of its tablets, mobiles and other devices.

In an official ceremony, the agreement was signed by, Mohamed Ali ,ShasTech CEO, and Mr. JaeCheon Park,  Samsung Vice President .

Upon signing the agreement, Eng. Mohamed Ali, ShasTech CEO stated, “we are proud of our agreement with Samsung, one of the leading international companies in electronics, notably as it has been able recently to sell more than 5 million smart devices.”

“This important step is an extension of ShasTech’s accomplishments as an authorized reseller for many major international brands. The credit should be given to our outstandingly talented sales team backed by our distribution fleet, and our expansion programs that would insure comprehensive distribution for Samsung products throughout the kingdom.” he added.

“In a time when ShasTech is developing their official distribution domain, the company is constantly increasing their presence within the Kingdom, which allows it to offer services and solutions for the business sector and the consumer markets in the region,” confirmed ShasTech CEO, Eng. Mohamed Ali.

“We are working according to an ambitious expansion programs that support our product’s deployment within Saudi Arabia, which is considered one of the biggest markets for us in the region not only now but also the near future,” said Mr. JungHeum Shin, Samsung Business unit manager.

“As part of our agreement with ShasTech, we will offer our new products in iSTORE which is committed to the entire criterion we require of an outlet, and considered one of the best showrooms in the country. Our partnership with ShasTech is a strategic gateway for us to benefit from all the local opportunities, especially with the increasing prosperity the country is witnessing now,” added Mr. JungHeum Shin, Samsung Business unit manager.

In addition to Samsung, ShasTech provides Apple, Griffin (exclusively in the Middle East), and Belkin (exclusively within KSA).

Since its inception in 1995, ShasTech has recorded an increasing growth and popularity via its iSTORE and iCARE outlets. ShasTech has concentrated on delivering added-value and always ethnically committed to their customers.

Within its endeavors to offer the best services for its clients, ShasTech relies on a comprehensive understanding of the demographics and technological advancements within the world, to always achieve customer satisfaction and realize what they anticipate.



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Smart Link and McDonald’s Arabia Announce Strategic Partnership

Smart Link and McDonald’s Arabia Announce Strategic Partnership

The companies launch McDelivery call center in Saudi Arabia and honour top performing customer support representatives

2166KSA, Riyadh, December 12th 2011: Smart Link Contact Centers, a member of Al Khaleej Training and Education Group, today announced the launch of McDonalds Arabia’s new McDelivery Service call center and honoured top performing McDelivery call center customer service representatives. H.H Prince Mishal Bin Khaled Al Saud, President of Riyadh International Catering Corporation (RICC), McDonald’s franchise rights owner and operator in central, eastern, and northern provinces of the Kingdom of Saudi Arabia inaugurated the new McDelivery call center along with Eng. Safwan Al Khatib, the Managing Director of Smart Link.

According to the partnership, Smart Link will exclusively operate and manage all of RICC’s McDelivery call center services, covering all RICC McDonald’s branches in respective provinces in KSA. This decision was taken following a highly successful operational phase, which covered RICC McDonald’s branches in KSA eastern province. During the event, the senior management of RICC and Smart Link held discussions on operational achievements and future goals of the McDelivery call center.

Built, operated and fully managed by Smart Link, the new facility, which was inaugurated by H.H Prince Mishal bin Khaled Al Saud, includes multi-channel contact center system supported by powerful automatic call distribution, smart queuing, monitoring, performance reporting and CRM applications. These tools, in addition to Smart Link’s extensive hands on experience and performance standards, will enable the company to operate such projects effectively providing unprecedented levels of service quality. This will be further empowered by the company’s distinctive professionally trained and highly skilled manpower.

His Highness also honoured top performing McDelivery customer service representatives and expressed his great pride of exceptional performance and service level presented to McDonald’s customers Kingdom-wide. H.H Prince Mishal bin Khaled Al Saud encouraged staff members to constantly develop and improve performance through dedication and commitment to self-empowerment of each member of the call center team, career wise and on a personal level.

The fruitful collaboration efforts and strategic partnership between RICC and Smart Link, were also commended by H.H Prince Mishal bin Khaled Al Saud. He also referred to the outstanding results of the first operation phase, besides the company’s in-depth experience and rigorous quest to excellence, factors on which, RICC decided to partner with Smart Link exclusively.

Eng. Safwan Al Khatib expressed his pleasure on this partnership and was proud of the RICC’s confidence in Smart Link’s capabilities and operational advancement. He confirmed Smart Link’s commitment to constantly improve performance by adhering to world class quality standards and best practice in order to maintain exceptional relationship between McDonald’s Arabia and its customers, which will reflect positively and directly on the RICC and Smart Link partnership.


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Riyadh airport set to expand three-fold in five years

Riyadh airport set to expand three-fold in five years

2148Saudi Arabia plans to expand its capital’s airport three-fold in size within the next five years, a senior civil aviation official said on Monday, as passenger traffic rises rapidly.

The Riyadh airport is one of 27 in the kingdom where traffic has reached 30 million passengers annually and is expected to double to 60 million over the next 10 years.

The Saudi government is planning multi-billion dollar projects to expand its airports to meet this growth.

“Terminals will be rebuilt and expanded to … three times its current size,” Ali al-Zahrani, director general for corporate planning at the General Authority for Civil Aviation, said about the Riyadh airport expansion.

“We developed a comprehensive master plan with a conceptual design for the four terminals that will raise the capacity at Riyadh airport from 12 million to 24 million,” Zahrani told Reuters on the sidelines of an event in Jeddah.

Zahrani said he could not give an estimate for the project costs but said that it would either be government financed or that it would issue sukuk, or Islamic bonds, to finance the expansion.

“We expect the project to be done within the next five years,” he said.

Saudi Arabia is also planning a 27-billion riyal ($7.2 billion) airport in Jeddah, its second largest city, and plans to launch sukuk within one or two months to help finance the project, the head of the civil aviation body said in remarks aired on Sunday.





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Emaar Middle East launches Abraj Al Hilal 2 residential towers in Jeddah Gate

Emaar Middle East launches Abraj Al Hilal 2 residential towers in Jeddah Gate

•Incomparable luxury in the heart of Jeddah within integrated neighbourhood
•Diverse array of amenities that offer all conveniences for residents
•3 towers with 17 to 21 floors; total of 326 residential units ranging in size from 98 to 449 sq m
•Each tower also has two types of villas – the Kingdom’s first of its kind lower villas and penthouses
•First phase of homes in Abraj Al Hilal 1 to be handed over shortly

2110Jeddah, Saudi Arabia; December 11, 2011: Emaar Middle East has announced the launch of the second phase of its prestigious Jeddah Gate master-planned community. With the first homes in its three Abraj Al Hilal towers to be handed over shortly, the company has unveiled the Abraj Al Hilal 2 Towers, a cluster of 3 residential towers of 17 to 21 floors, with only 326 apartments ranging in size from 98 to 449 sq metres.

A sterling addition to the luxury residential portfolio in Jeddah Gate, the Abraj Al Hilal 2 Towers form a distinct and well-knitted integrated lifestyle community with all amenities and conveniences that will add value to the residents. Apart from a dedicated retail area, the array of facilities in Abraj Al Hilal 2 includes health & fitness centres, ladies spa, day care centre, clubhouse, play areas, outdoor swimming pools, and 525 dedicated car parking spaces, among others.

Customers can choose from one to four bedroom apartments, all offering maximum comfort and privacy with double-glazed windows and the finest interiors and fixtures. Each tower also has two types of villas: the Kingdom’s first of its kind lower villas and penthouses. The lower villas have private yards, upscale design and luxurious interior finishes. They also have private elevators, entrances and parking. The penthouses have three levels with unique architectural designs overlooking the central squares from high-rise balconies, and have terraces, multipurpose room and optional private elevator.

Eng. Ahmad Al Kulli, General Manager of Emaar Middle East, said: “The launch of Abraj Al Hilal 2 Towers, as part of the second phase of Jeddah Gate, is a testament to the dynamism of the Saudi Arabian real estate sector today. Ranked fourth among 50 global markets in terms of real estate opportunity, Saudi Arabia offers one of the best investment options.

“With Abraj Al Hilal 2 Towers, we are providing potential investors and customers the opportunity to be part of a prestigious lifestyle destination at competitive prices, that is set to become the referral point in integrated community development in the Kingdom. The response to the first Abraj Al Hilal Towers has been strong, and the first residents will move in shortly. We remain committed to developing modern homes and offering luxury residential choices for our customers in the Kingdom.”

“The residences have been designed with the demands of the Saudi families and have facilities such as housekeeper’s room with bathroom, additional parking bays and 24-hour valet parking and concierge,” added Eng. Kulli. “To offer privacy to the residents, all the units have been designed in extended sizes and multiple divisions.”

Spread over a plot area of 12,300 sq m, Abraj Al Hilal 2 Towers is located centrally in Jeddah Gate and connected to the central Civic Plaza and Crescent Plaza through pedestrian walkways. The towers overlook the King Abdullah Road, and are surrounded by exclusive stores, restaurants and other lifestyle choices. Set amongst immaculately landscaped gardens and walkways, each Abraj Al Hilal 2 Tower has its own special lobby designed to the highest standards to warmly welcome residents and guests.

With resplendent exteriors that invite residents to become part of the luxury but affordable residential environment, Abraj Al Hilal 2 Towers have fine interiors with features such as advanced telecom and entertainment connectivity, card access control system for full-proof security, split air-conditioners, and modern finishes. Smart home systems, backup power generator, central gas system, car park ventilation and 24-hour security add to the convenience of the residents.

For more details and to register interest, potential customers can visit Jeddah Gate Sales Centre on December 14, 2011 from 4pm to 10pm and December 15, from 10am to 10pm or call 8001236227 – 026145800  or email: customer.eme@emaar.com

Jeddah Gate is spread over approximately half a million sq m of land in Jeddah’s new downtown. The project will serve as a centrepoint for the city’s new downtown, and is in close proximity to the main railroad linking the two Holy Cities of Makkah and Madina to Jeddah. Jeddah Gate, when completed, will have over - 230,000 sq m of modern office spaces and over 75,000 sq m of gross leasable retail space, thus strengthening the local economy.

Emaar Middle East has delivered residential units in Al Khobar Lakes development with Al Nada residential village nearing completion. The finishing touches to the homes and final landscaping works are currently being undertaken.

Al Khobar Lakes is a luxury lakefront development set on approximately 2.6 million sq m featuring serene water bodies. It features more than 2,000 private villas with retail and leisure amenities that are perfect for family living. In close proximity to Al Khobar City, Dhahran and Dammam, Al Khobar Lakes is one of the premier lakefront developments and the largest integrated community in the Kingdom of Saudi Arabia.

Having successfully launched the Al Nada and Al Ghadeer Villages, Al Khobar Lakes will eventually feature a large retail centre with a gross leasable area of 95,000 sq m; 104,000 sq m of landscaping, greenery and parks; 11 mosques including a Grand Mosque for Friday Prayers; two educational facilities for both boys and girls; a shopping centre, two community centres, healthcare facilities and other amenities.

Emaar Middle East is also developing the Emaar Residences at the Fairmont Makkah, located on the Haram Plaza offering views of the Holy Kaaba and Haram. The 648 elegantly furnished and superbly serviced apartments are situated at the most upper floors of Makkah Clock Tower starting from the 30th floor and ending at the 53, and operated by Fairmont Hotels.





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Saudi Arabia to spend over $100bn on nuclear, solar

Saudi Arabia to spend over $100bn on nuclear, solar

295Saudi Arabia will spend more than $100bn to build 16 nuclear energy plants over the next few years, a senior official has told a Saudi-US business forum in Atlanta.

Abdullah Zainal Alireza, Commerce and Industry Minister, also said the kingdom was keen to develop solar and other renewable energy technologies to reduce dependence on oil and gas, Saudi daily Arab News reported on Friday.

“We have allocated $3bn to produce solar energy panels in Jubail and Yanbu,” he was quoted as saying.

Last month, Saudi Arabia said it will begin the tendering process to construct the first nuclear station by the end of next year. The site of the reactor will be announced by March.

Saudi Arabia and the UAE are investing in nuclear power to help meet rising domestic demand for electricity.

The forum also discussed new investment opportunities worth $385bn in the kingdom in the key sectors of education, energy, electricity and water, transport and logistics, petrochemicals and infrastructure, the paper added.

Alireza said Saudi imports from the US are expected to cross $95bn or 23 percent of the total US exports to Arab countries by 2012.

“This amount is expected to double by 2015,” the minister said.





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THE SAVOLA GROUP SELECTS JORDAN RIVER FOUNDATION TO STUDY THE DEVELOPMENT OF HANDICRAFTS

THE SAVOLA GROUP SELECTS JORDAN RIVER FOUNDATION TO STUDY THE DEVELOPMENT OF HANDICRAFTS

267Jeddah, December 2011: The Savola Group, a leading company specializing in the food industry across the Middle East and globally , has joined hands with the Jordan River Foundation (JRF) as  strategic partner to study the development of  the Handicrafts Center in Saudi Arabia, as part of The Group’s CSR initiatives. This decision came after an in-depth search of specialized companies across the region to deliver the program.

Based on the agreement, JRF will prepare a fully-fledged study for the project including field studies and programs to identify the needs of the Project as well as developing the idea model for the Project.  The study, which will run for four months, will include a series of workshops and meeting with various stakeholders in addition to specialized workshops with internal stakeholders within the Group.

Upon signing the agreement,  Dr. Ghassan Ahmed Al-Sulaiman, Corporate Social Responsibility Chairman at the Savola said, “Jordan River Foundation has been selected for two main reasons: one for its experience and track record in developing sustainable programs in Jordan which were clearly exemplified through numerous initiatives to develop the handicrafts industry and the artisans. The other main reason includes the cultural similarities between both Jordan and Saudi Arabia making JRF an ideal choice for us, add to that, the competitive offer submitted by the foundation compared to the other countries.

Dr. Al Sulaiman added, “We are looking forward to working with JRF through this strategic partnership and we are equally looking forward to the results of the Study which will pave a clear path to launch the program.  Dr. Al Sulaiman also added that the Project is an extension of Savola’s CSR programs.”

Valentina Qussisiya, Director General of Jordan River Foundation expressed her delight with this partnership appreciating Savola’s trust in JRF to implement the project, highlighting Savola’s clear efforts when it comes to social responsibility programs and sustainable development.  Qussisiya underscored Savola’s global recognition in various specialized industries assuring that this partnership will add more value to the Foundation.

She added, “This is not our first experience with a Saudi companies and organizations.  Jordan River Foundation has been quite active with various Saudi enterprises working on various developmental, social, and Handcraft development programs as well as other sectors and initiatives.  JRF, through this partnership with Savola, aims to build a sustainable cooperation between both organizations.”

Savola’s commitment to social responsibility is clearly reflected in its Bridges which honor its commitment to corporate citizenship.  The Company has created innovative, long-term programs where The Group’s experience and expertise serve the needs of the community by helping people to become more confident and more self productive.





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Jeddah celebrates the re-opening of the oldest Lanvin store in the Middle East

Jeddah celebrates the re-opening of the oldest Lanvin store in the Middle East

257As the celebrations began, guests could experience the boutique’s dynamic collection of formal and casual wear in the new chic, luxurious and intimate environment. Whilst outside a French style café transported guests to the streets of Paris.

Posing for photos in front of the FW11 advertising campaign, the guests got a taste of being a Lanvin model.

Under the warm glow of the vintage lighting, the party congregated on the red carpet to watch the ribbon cutting to mark the store’s official opening, before being treated to a luxury set of Lanvin cufflinks to mark the special event.




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VIPERA COSMETICS Forays into Saudi Arabia with Zain Gulf Group

VIPERA COSMETICS Forays into Saudi Arabia with Zain Gulf Group

251To invest in booming AED10 billion Saudi cosmetics market; Plans 60 outlets across the Kingdom

Dubai – December 5th, 2011: VIPERA Cosmetics, a leading European cosmetics brand, entered into a strategic partnership with Zain Gulf Group in Saudi Arabia, where the group will now become the exclusive franchisee of VIPERA COSMETICS in the Kingdom of Saudi Arabia. This partnership ex-pands VIPERA COSMETICS presence in the region with 60 planned outlets spread across KSA and establishes the Zain Gulf Group foray into the retail cosmetic sector. Established in the Kingdom for over two decades, the Saudi Group has partnered with renowned brands such as Aigner, Miss Six-ty, Elle, Ted Lapidus among others in Watches and brands like Candydays in Hospitality Sector.

Saudi Arabia’s booming cosmetics market was valued at AED8 billion  in 2008, indicating a market growth of 20 percent in two years and estimated to be worth AED10 billion in 2010. Riding on this growth, VIPERA COSMETICS’ foray in to the country is appropriate as premium cosmetics com-mand 38 percent  of the total market, and the Kingdom dominates the Middle Eastern sector in terms of consumption.

Elaborating on the partnership, Mr. Ali Ahmad Al-Harthi founder of the Group said: “Saudi Arabia is home to the Middle East’s largest beauty market. We believe in VIPERA COSMETICS’ vision and our strong presence in the region with more than 150 outlets will help establish the brand. We share the core values of providing our customers with quality products and look forward to a beneficial and lucrative partnership.”

VIPERA COSMETICS will set up its ‘kiosks retail model’ across premium locations in Saudi Arabia utilizing the Group’s retail footprint. The kiosk format provides a strategic marketing platform, cap-italizing on high traffic areas, allowing for greater visibility and easy access for customers to test products. “Significant purchasing power and the traditional use of color cosmetics by Saudi wom-en, particularly eye and face make-up, provide a clear market opportunity for VIPERA.  The experi-ence, infrastructure and resources of the Group will help us achieve our aggressive expansion plans for the country,” said Amit Gandhi, Director of VIP Ventures, the UAE-based promoters of VIPERA COSMETICS.

VIPERA COSMETICS’ superior color products, unique sales platforms and in-depth knowledge of the sector are set to harness the region’s significant purchase power.





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Growth in Sales and Operating Profits Al Rajhi Capital: Savola Share Is Attractive In Its Current Level

Growth in Sales and Operating Profits Al Rajhi Capital: Savola Share Is Attractive In Its Current Level

27Jeddah – In a recently issued report, Al Rajhi Capital stated that The Savola Group is showing significant improvement and growth in its 3rd quarter results of 2011 compared with the same period of last year.  The Report stated that the Group showed a 23% growth in its revenues for the first nine month to reach SR18.8 Billion and net profits grew by 9% for 3rd quarter to reach SR 308 million raising the net profitability for the first nine month of the year to SR 704 million.

The Food Sector (which includes Edible Oils and Sugar as core business operation) continued its solid growth with stable edible oil and sugar prices, while at the same time the profitably of the Retail Sector remained at the same level, despite the growth in revenues achieved by the sector.

The Report also showed that Savola’s exit plan from the non-core business lines is progressing gradually where the Company sold its whole stake in some of its real estate assets to Kinan Company which generated SR 76 million as capital gains to be added to Savola’s 4th quarter net profit this year.

Al Rajhi Capital granted Savola the highest classification and recommended purchase of its share at a target price of SR 32.9 confirming that The Group was able to maintain the target share price adding more profitable investment opportunities at a rate of %26, therefore maintaining the recommendation to purchase the share.

The report also mentioned that The Group, as part of its strategy to reinforce its core business operations, completed the acquisition of 78% of Al- Malika and Al Farasha, two Egyptian companies specializing in Pasta manufacturing, as part of Savola’s strategy to expand its Food Sector business line.




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‘PAUL’ Bakery and Restaurant Celebrates its debut in Kingdom with a Grand Opening

‘PAUL’ Bakery and Restaurant Celebrates its debut in Kingdom with a Grand Opening

2437Jeddah - November, 2011: Paul Bakery and Restaurant celebrates the grand opening of its 1st branch in kingdom of Saudi Arabia, in the presentence of His Excellency The French Ambassador, Consul General, diplomats, Saudi businessmen and celebrities as well as media representatives.

Mr. Christian Raimbault, PAUL’s International General Manager of Europe, Middle East and Africa stated, “We are really pleased to celebrate with all of you the grand opening of our 1st ‘PAUL’ branch in the kingdom, it’s is a valuable addition to the success we achieved worldwide and in the Middle East. ‘PAUL’ grand opening is a reflection of the Saudi confidence in ‘PAUL’, especially who are used to spend vacations abroad and enjoy the unique French taste. We were keen to come to you and present our same famous tasty breads, baking, gourmet pastries and main courses”.

Renowned for its diversified menus especially the fresh snacks, all served with the most delicious fresh breads. ‘PAUL’ serves the best of French style breakfast, combination of more than a meal in a single meal all in a French countryside ambiance that leaves the customers with pleasant memories till their next visit.

“PAUL Bakery and Restaurant embodies the best of French culture, It’s a whole unified coordination that combines the French luxury with the art and creativity in presenting meals, made by skillful professional bakers and chefs supported by management keen to draw the atmosphere of French culture to make visitors enjoy it all” Mr. Raimbault added.

PAUL’s success story dates back to its start as a humble bakery in northern France over 120 years ago. The enormous respect for tradition and the use of the finest quality ingredients have made PAUL what it is today, and to mark the opening of 500 branches in 24 countries.

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