AIC Steel: A model in Saudi Arabia’s manufacturing landscape

AIC Steel: A model in Saudi Arabia’s manufacturing landscape
AIC Steel unveiled the first-ever Saudi-built missile round pallet transporter at the 2024 World Defense Show. The event was held in Riyadh.
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Updated 07 April 2024
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AIC Steel: A model in Saudi Arabia’s manufacturing landscape

AIC Steel: A model in Saudi Arabia’s manufacturing landscape

 

In a pivotal move toward achieving the ambitious goals of Vision 2030, Saudi Arabia has witnessed the realization of a significant manufacturing localization project, marking a transformative milestone in the nation’s industrial capabilities. Spearheaded by the General Authority of Military Industries, this groundbreaking initiative aimed to localize 50 percent of military spending within the Kingdom, fostering self-sufficiency and improving economic resilience.

AIC Steel is a Saudi company, whose partnership with global aerospace giant Lockheed Martin under the strategic guidance of GAMI, has yielded remarkable results.

Through localization, AIC Steel has established capability to produce military ground defense systems. The significance of this achievement extends far beyond the defense industry, with AIC Steel’s newfound manufacturing capabilities poised to catalyze innovation across diverse sectors. By leveraging technology and expertise transferred from Lockheed Martin, AIC Steel has introduced unprecedented manufacturing standards and processes, setting a benchmark for excellence in Saudi Arabia’s industrial landscape. This serves as a catalyst for economic diversification and skills development, laying the foundation for a robust and sustainable industrial ecosystem.

AIC Steel had the opportunity to showcase its capabilities on a global stage at the 2024 World Defense Show, where the company unveiled the first-ever Saudi-built missile round pallet transporter for the world to see.

As Saudi Arabia continues its march toward economic diversification and self-sufficiency outlined in Vision 2030, AIC Steel remains committed to replicating its success story. With an eye toward the future, AIC Steel will leverage its experience, expertise, and newfound capabilities to embark on further localization projects. The company collaborates with other local and international partners to expand its portfolio of precision manufacturing capabilities, contributing to the Kingdom’s industrial transformation and positioning Saudi Arabia as a global leader in advanced manufacturing.

In essence, this success highlights the transformative power of collaboration, innovation, and strategic vision in driving localized manufacturing initiatives. 

As Saudi Arabia advances toward the goals outlined in Vision 2030, the model established by GAMI, AIC Steel and Lockheed Martin serves as a blueprint for future localization projects, underlining the importance of technology transfer, mentorship, and the government’s institutional support in driving sustainable industrial development. With localization projects like these paving the way for a brighter future, the Kingdom stands poised to realize its full potential as a global leader in industrial excellence and innovation.

Project Manager at AIC Steel Mahmoud Khatib said: “Manufacturing of the first-ever Saudi-built MRP-T and displaying it at the World Defense Show was a great achievement for the country. Our success clearly demonstrates the positive impact of all the government initiatives put in place in recent years to support local industry. We will continue to grow and expand our manufacturing capabilities in order to be a center of excellence for defense manufacturing regionally and globally.”


Visit Qatar to showcase tourism offerings at Saudi expo

Visit Qatar to showcase tourism offerings at Saudi expo
Updated 2 min 15 sec ago
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Visit Qatar to showcase tourism offerings at Saudi expo

Visit Qatar to showcase tourism offerings at Saudi expo

Visit Qatar is set to participate as a diamond sponsor at the Saudi Travel Market 2025, one of the region’s premier travel and tourism exhibitions. Taking place from Feb. 10-12, STM will feature more than 250 exhibitors from 30 countries and will serve as a key platform to position Qatar as a must-visit destination in Saudi Arabia.

During its participation, Visit Qatar will lead a diverse delegation consisting of key tourism stakeholders from Qatar, including Qatar Airways, Qatar Calendar, leading hotels, and destination management companies, all showcasing Qatar’s diverse offerings, from world-class hospitality and cultural experiences to bespoke travel packages.

With Saudi Arabia emerging as one of the world’s fastest-growing travel markets, the event will also provide an opportunity for direct engagement with key Saudi Arabian stakeholders, travel agents, and tour operators, fostering long-term industry partnerships. Additionally, STM will also serve as a hub for global industry leaders to exchange insights and understand market trends, enhancing collaboration in the tourism sector.

During the event, Visit Qatar will showcase the country’s latest attractions, accommodations, and experiences, offering firsthand information to regional travel professionals.

Qatar, offering visa-free travel to 102 countries, welcomes visitors by land, air, and sea. With a short flight from neighboring countries, travelers can easily enjoy the best of Qatar’s tourism offerings, from luxurious resorts to a vibrant cultural scene — all within close proximity to Doha’s city center.

GCC travelers can also benefit from exclusive offers through the “Visit Qatar Pass,” available on the Visit Qatar mobile app. This pass provides discounts of 30 to 50 percent across a range of categories, including food and drink, beauty and spa, health and fitness, leisure and entertainment, hotel stays, and retail services.


At Leap 2025, Pakistan to showcase commitment to digitally empowered future

At Leap 2025, Pakistan to showcase commitment to digitally empowered future
Updated 08 February 2025
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At Leap 2025, Pakistan to showcase commitment to digitally empowered future

At Leap 2025, Pakistan to showcase commitment to digitally empowered future

Pakistan is making bold strides in the global tech landscape, emerging as a key player in artificial intelligence, digital finance, and startup innovation. As the nation prepares to take the spotlight at LEAP 2025 in Riyadh from Feb. 9-12, it presents a compelling narrative of digital transformation, investment potential, and technological excellence. This marks Pakistan’s biggest ever participation at an international event with over 100 companies and 1,000+ delegates on board, showcasing a booming IT industry, progressive policies, and a rapidly growing talent pool that is poised for unprecedented growth in the digital economy.

A digital nation on the rise

At the heart of Pakistan’s transformation is the Digital Nation Pakistan Act. This landmark policy is designed to bolster innovation, attract both foreign and domestic investment, and empower entrepreneurs. By strengthening digital infrastructure, enhancing cybersecurity, and nurturing a knowledge-driven economy, the DNP Act is positioning Pakistan as a premier destination for global tech players looking for new markets and opportunities. Working under the proactive guidance of the Ministry of IT and Telecom, alongside the broader Digital Pakistan Policy, these initiatives are cultivating an environment where technology fuels every aspect of economic and social development.

A strategic tech partnership

Saudi Arabia and Pakistan share a long-standing relationship that is now evolving into a powerful alliance in technology and innovation. Both nations are increasingly exploring avenues for collaboration in digital transformation and tech-driven projects. Early initiatives and discussions ranging from cybersecurity and smart infrastructure to startup investments, signal a growing commitment to shared growth. Moreover, Pakistan’s robust business ties with the Kingdom are underscored by the significant presence of Pakistani companies operating in Saudi Arabia, further strengthening economic bonds and opening up new markets for innovation.

A unified digital vision for LEAP

In line with LEAP’s focus on shaping the future of technology, Pakistan is presenting a unified digital vision that weaves together its advancements in AI, fintech, and digital solutions. A key component of this vision is the work undertaken by the National Center of Artificial Intelligence, a collaborative network of research labs across leading universities. The NCAI has already developed over 221 AI-driven solutions that are transforming sectors such as healthcare, media monitoring, and intelligent transportation. By integrating AI into its digital strategy, Pakistan strengthens its commitment to innovation and leadership in emerging tech.

A flourishing startup ecosystem

Pakistan’s startup landscape is experiencing remarkable growth. With over $800 million raised in venture capital funding in recent years, the nation’s entrepreneurial spirit is evident in its dynamic ecosystem. A youthful, tech-savvy population combined with forward-thinking policies and an investor-friendly climate has given rise to groundbreaking startups in fintech, edtech, AI, and e-commerce. At LEAP 2025 in Riyadh, Pakistan will not only showcase its vibrant startup ecosystem from its dedicated pavilion but is also expecting to generate approximately $15 million in business over the next year.

A vision for digital empowerment

Pakistan’s commitment to digital empowerment spans all sectors. Government initiatives, led by the Ministry of IT and Telecom, are driving the adoption of smart technologies in education, healthcare, and public services, ensuring that the benefits of digital innovation reach every corner of society. This strategic approach is designed to create an ecosystem where technology acts as a catalyst for inclusive growth, enhanced quality of life, and sustainable development. By nurturing local talent and fostering innovation hubs, Pakistan is building a resilient digital economy that is ready to meet the challenges of tomorrow.

Why Pakistan? 

Several factors make Pakistan an attractive hub for technology and innovation:

  • Strategic location: Positioned as a gateway to South Asia, the Middle East, and Central Asia, Pakistan offers access to diverse and emerging markets.
  • World-class talent: With over 600,000 IT professionals and more than 75,000 IT graduates entering the workforce annually, Pakistan boasts a robust talent pool ready to drive technological advancements.
  • Proactive policies: The government’s commitment to digital transformation is reflected in its investor-friendly regulations, special tech zones, and substantial incentives for startups and tech companies.
  • Expanding digital infrastructure: Rapidly growing broadband access, advanced research hubs, and cloud computing developments are laying the groundwork for a future-ready digital ecosystem.

A call to global innovators

Pakistan is not only transforming its own digital landscape but is also building bridges with key partners like Saudi Arabia to catalyze regional innovation. This strategic collaboration is opening up exciting opportunities for cross-border investments, joint research projects, and talent exchanges that promise to accelerate technological advancements on both sides.

At LEAP 2025 in Riyadh, Pakistan extends an open invitation to investors, innovators, and tech leaders to join in its extraordinary journey toward a digitally empowered future. With its robust ecosystem, forward-looking policies, and strong international partnerships, Pakistan is ready to shape the future of technology for generations to come.


Al Rajhi Bank move to digitally empower, finance SMEs

Al Rajhi Bank move to digitally empower, finance SMEs
Updated 06 February 2025
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Al Rajhi Bank move to digitally empower, finance SMEs

Al Rajhi Bank move to digitally empower, finance SMEs

Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of MUHIDE fintech platform, to digitally empower and finance SMEs within a secure, authenticated, and governed ecosystem.

MUHIDE platform was launched under the sponsorship of Sharakah, a program of Thiqah.

The platform stands as an innovative solution that provides robust operational governance tools to reduce potential commercial and financial disputes between buyers and sellers. 

MUHIDE platform contributes to ensuring the protection of sellers' payment rights and buyers' delivery rights, while enhancing the efficiency of trade transactions.

Additionally, the platform strengthens the credibility of the trade ecosystem in the Saudi market and creates a seamless and trustworthy business environment for SMEs.

Through this partnership, Al Rajhi Bank will extend to SMEs a blockchain-enabled solution that allows them to govern trade transactions within a risk-mitigated ecosystem and access payables and receivables financing solutions. 

Al Rajhi Bank will offer SMEs competitive financing rates due to the visibility and transparency provided by the MUHIDE platform, enabling SMEs to achieve cost savings, boost their cash flow, and enhance their risk mitigation strategies.

This integrated solution not only digitizes transactions but also provides SMEs with a unique opportunity to enhance their cash flow sustainably, secure their transactions, and build strong, trust-based relationships with their business partners.

Hossam Al-Basrawi, general manager of corporate banking at Al Rajhi, said: "We always strive to empower SMEs by innovating solutions that help in authenticating and governing trade financing within an integrated digital system."

Hashim Al-Hussaini, CEO of RATL Technology Ltd., said: “Trade financing for payables and receivables is fundamental for the growth of SMEs as it enhances cash flow and operational efficiency.

"We are proud to partner with Al Rajhi Bank to empower SMEs through a digitally robust trade ecosystem.

"Saudi Arabia is at the forefront of digital evolution in the region, and we are committed to contributing to the Kingdom’s Vision 2030 and its digital transformation journey, paving the way for attracting more local and foreign investments.”


SDB hosts training camp for productive families

SDB hosts training camp for productive families
Updated 05 February 2025
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SDB hosts training camp for productive families

SDB hosts training camp for productive families

The Social Development Bank has successfully concluded an initiative to empower productive families in the culinary sector. The “Almarai Chefs” camp was organized in partnership between SDB — represented by the Dulani Business Center — and Almarai, and ran for five months in Riyadh, supporting 43 participants through 12 expert speakers and 14 specialized consultants.

The program provided intensive training and knowledge-building sessions to equip participants with essential marketing and financial skills, enabling them to establish competitive projects in the Saudi market. It also included more than 215 specialized consultations, the development of brand identities for participating businesses, and educational field visits to explore best industrial practices and emerging trends in the culinary industry.

Sultan Al-Hamidi, CEO of SDB, said: “The Almarai Chefs camp exemplifies the effective partnership between the public and private sectors, forming a comprehensive ecosystem to build the capacities of productive families and enable them to develop and manage entrepreneurial ventures. This initiative aligns with SDB’s efforts to bridge the gap toward entrepreneurship by providing innovative financial solutions and comprehensive empowerment services, thereby enhancing the sustainability of projects and contributing to a dynamic and diversified economy.”

Al-Hamidi added: “SDB takes pride in having provided over SR2.8 billion ($746.5 million) in financing during 2024 to support more than 76,000 productive families and freelancers across the Kingdom. We also focus on delivering non-financial support, such as training and advisory services, to enhance the capabilities of productive families, enabling them to achieve financial independence and successfully enter the labor market.”

Abdullah Al-Badr, CEO of Almarai, said: “Our partnership with the Social Development Bank has yielded a tangible impact in empowering productive families. The Almarai Chefs camp was centered on fostering innovation in the culinary field, enabling small businesses to achieve growth and sustainability in line with market demands. Additionally, it provided necessary training and facilitated access to sales channels, exhibitions, and events, as well as digital applications, helping these projects expand their reach and create new job opportunities.”

SDB is considered a leading institution in empowering productive families and facilitating their transition into entrepreneurship, with the goal of supporting local communities, contributing effectively to the national economy, and achieving sustainable development.


ALJ Electronics boosts customer experience with WebEngage

ALJ Electronics boosts customer experience with WebEngage
Updated 05 February 2025
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ALJ Electronics boosts customer experience with WebEngage

ALJ Electronics boosts customer experience with WebEngage

Abdul Latif Jameel Electronics, an electronics and home appliances brand, has partnered with WebEngage, a customer data platform and marketing automation suite, to transform their customer engagement in Saudi Arabia’s electronics sector. The collaboration is focused on enhancing digital customer experience through data-driven personalization and seamless omnichannel integration.

By leveraging WebEngage’s AI-powered retention and engagement platform, ALJ Electronics will ensure exceptional customer experiences across all touchpoints — online and offline.

WebEngage’s comprehensive platform integrates customer data management, behavioral segmentation, and advanced engagement tools across channels like email, SMS, WhatsApp and website. This has enabled ALJ Electronics to deliver highly personalized interactions throughout the customer journey, from pre-purchase engagement to post-purchase support.

Haneen Othman Omer Bakkar, marketing manager at ALJ Electronics, said: “We’re all about making shopping at Abdul Latif Jameel Electronics feel effortless and personal, whether you’re online or visiting one of our stores. With WebEngage’s tools, we’re stepping up how we connect with our customers, making every interaction smoother and more meaningful. Customer experience is the make-or-break of every industry, and we’re glad to have WebEngage’s support.”

WebEngage’s platform will allow ALJ Electronics to optimize customer retention by re-engaging dormant customers, providing tailored marketing offers, and building stronger loyalty through improved post-purchase care. 

The partnership also reflects the growing importance of omnichannel strategies in retail as brands increasingly strive to meet the demands of a digitally savvy customer base.

Hetarth Patel, VP — growth markets (MEA, Americas and APAC) at WebEngage, said: “We are delighted to work with Abdul Latif Jameel Electronics, which has built such a strong legacy of quality and innovation in Saudi Arabia’s electronics retail. We now have the chance to pair that with WebEngage’s expertise in personalization and retention. The benchmarks of customer experience are rapidly evolving in Saudi Arabia, and we’re eager to explore this with Abdul Latif Jameel Electronics.”

With a proven track record of delivering remarkable outcomes in customer experience, retention, and ROI for more than 800 clients across industries like retail, education, finance, food and beverages, media, real estate, and health care, WebEngage brings its global expertise to this collaboration.