24 Fintech to host govt officials, global finance leaders

The inaugural summit to address fintech regulation and governance, embedded finance, contactless payments, sustainability and green finance, and big data. (Supplied )
The inaugural summit to address fintech regulation and governance, embedded finance, contactless payments, sustainability and green finance, and big data. (Supplied )
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Updated 02 September 2024
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24 Fintech to host govt officials, global finance leaders

24 Fintech to host govt officials, global finance leaders

As a new era of fintech advancement and adoption unfolds across Saudi Arabia, the inaugural edition of 24 Fintech — the country’s new financial services-focused summit and exhibition — will offer a stage to senior government officials and global leaders in the finance sector to address critical topics impacting transformation of the Kingdom’s finance industry.
Taking place from Sept.3-5 at Riyadh Front Exhibition & Conference Center, the landmark debut of 24 Fintech aims to solidify Saudi Arabia’s position as a global fintech leader.
The event will be hosted by the Financial Sector Development Program, Saudi Central Bank, Capital Market Authority, Insurance Authority, and is co-organized by Fintech Saudi and Tahaluf, a joint venture between Informa PLC, the Saudi Federation for Cybersecurity, Programming and Drones, and the Events Investment Fund.
With less than six weeks until the debut event, several high-level speakers are confirmed to discuss trending themes influencing the industry.
Mohammed Al-Jadaan, chairman of FSDP, has been confirmed as a speaker at 24 Fintech.
Throughout the three-day summit, attendees will hear from high-ranking government officials, including Mohammed ElKuwaiz, chairman of the Capital Market Authority; Abdulaziz AlBoug, chairman of the Insurance Authority; Eng. Naij Al-Faisal Al-Tamimi, CEO, Insurance Authority; Yazeed Alnafjan, deputy governor of financial innovation at the Saudi Central Bank; Yazeed AlDemaigi, deputy of strategy, research & international affairs, Capital Market Authority; and Nezar AlHaidar, CEO of Fintech Saudi.
Expected to attract over 26,000 attendees, 300 exhibitors, and 200 investors, 24 Fintech will feature 175 hours of expert-led content, positioning itself as one of the world’s leading fintech conferences.
Key topics include governance, risk and policy, cybersecurity, global interoperability, and innovation in payments.
24 Fintech will feature four stages hosting an array of keynotes, panel discussions, and industry announcements exploring investment opportunities, startups, technology, and academia.
The Futures Forum Stage will be a hub for academic and interactive discussions on blue-sky thinking, while the Fintech Fusion Stage will converge investment and innovation, providing a platform for founders and investors to share experiences.
The 24° Trends Stage will explore the latest trends and technologies reshaping finance.
Elsewhere, Startup Zone is a dynamic space for networking, pitching sessions, competitions, and demo showcases that will run parallel to the Investor Program — a venue for unearthing opportunities and making connections with visionary entrepreneurs.
“Fintech Saudi is thrilled to co-organize 24 Fintech, a pivotal event aimed at cementing Saudi Arabia’s position at the forefront of global financial services discussions. 24 Fintech is an important milestone in advancing the Saudi fintech industry and is consistent with our vision to position the Kingdom as a leading global Fintech hub,” said Alhaidar.
A major driving force in Saudi Arabia’s non-oil and digital-first economy, the fintech sector now accounts for nearly 20 percent of all venture investments into the Kingdom, explained Annabelle Mander, senior vice president of Tahaluf.

 

 


ROX Motor expands into Saudi Arabia with LEAP 2025 debut

ROX Motor expands into Saudi Arabia with LEAP 2025 debut
Updated 11 February 2025
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ROX Motor expands into Saudi Arabia with LEAP 2025 debut

ROX Motor expands into Saudi Arabia with LEAP 2025 debut

ROX Motor, a Chinese luxury new energy vehicle brand, officially entered the Saudi market with the debut of its luxury all-terrain SUV, ROX 01, at the LEAP 2025 exhibition. The company has already secured multiple orders, with sales now underway. In addition, ROX Motor, in partnership with the Laith Al-Obaidi Group, officially opened its first Saudi showroom in Riyadh, providing local customers with a more comprehensive and convenient car-buying experience. The brand’s flagship Saudi showroom on Khurais Road is set to open later this month.

Aligned with the global transition toward sustainable mobility, Saudi Arabia’s Vision 2030 initiatives present a unique market opportunity for ROX Motor to play a leading role in the country’s automotive future.

Jarvis Yan, co-founder and CEO of ROX Motor, said: “Our participation in LEAP marks just the beginning of our long-term commitment to the Saudi market. We’ve tailored our strategy to align with the country’s cultural landscape, consumer preferences, and regulatory framework, ensuring that our products and services are fully aligned with the local market’s demands. Looking ahead, we are excited to announce that we will be launching a new global model in the second half of this year, with plans to introduce one new model annually as part of our steady expansion strategy.”

This commitment is reflected in ROX 01, which integrates extended-range technology, offering zero emissions in electric mode and superior fuel efficiency in extended-range mode — perfectly aligning with Saudi Arabia’s sustainability goals. Its all-terrain capabilities enable seamless navigation across Saudi Arabia’s diverse landscapes, ranging from expansive deserts to rugged mountains, while its intelligent driving systems also provide an exceptional experience for urban and daily driving.

Further enhancing its dedication to Saudi customers, ROX Motor has integrated market-specific innovations, including Arabic voice interaction controls and climate-specific adaptations such as a high-capacity air-conditioning system, an electric drivetrain cooling system, and UV-blocking electric sunshades. 

Additionally, ROX Motor has signed MoUs with Stellar Gate Games, a joint venture between NetEase Games and Sandsoft, and COFE, a leading digital coffee platform, to jointly promote the development of ROX 01’s intelligent in-car cabin and outdoor lifestyles in Saudi Arabia, further demonstrating the brand’s focus on providing regionally customized solutions for customers across all markets.

Since its global expansion began in 2024, ROX Motor has exceeded 10,000 orders for the ROX 01 and established sales and service networks in over 20 countries, including Saudi Arabia, Qatar, Kazakhstan, and the UAE, where the ROX 01 now ranks third in the luxury SUV segment, trailing only the Land Rover Defender and Range Rover. With a solid foundation and strategic vision, ROX Motor is poised for continued growth, delivering innovative, luxury, and adventure-ready solutions to customers in Saudi Arabia and beyond.


Ericsson showcases 5G robotic dog ‘Rocky’ at LEAP 2025

Ericsson showcases 5G robotic dog ‘Rocky’ at LEAP 2025
Updated 10 February 2025
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Ericsson showcases 5G robotic dog ‘Rocky’ at LEAP 2025

Ericsson showcases 5G robotic dog ‘Rocky’ at LEAP 2025

Ericsson is featuring its 5G-powered robotic dog, Rocky, as part of its technology demonstrations at LEAP 2025. The showcase highlights how robotics, combined with 5G, is enabling advancements in industrial automation and operational efficiency.

Rocky is equipped with advanced sensors, cameras, and private 5G connectivity, enabling tasks such as factory inspections, remote monitoring, and safety assessments. The integration of real-time data transmission and artificial intelligence enhances operational accuracy in challenging environments.

By leveraging the Ericsson Private 5G network, Rocky can also assist authorities with efficient emergency response and quality inspections of factories, airports, and other critical infrastructure. Ericsson Private 5G sets a new standard for network performance, enabling secure, reliable, high-speed 4G and 5G connectivity, powered by its robust dual-mode core and industry-leading radio portfolio. Ante Mihovilovic, vice president and head of networks at Ericsson Middle East and Africa, said: “Rocky demonstrates how private 5G networks can support advanced robotics to optimize industrial processes. By leveraging the high-speed, low-latency, and secure connectivity of Ericsson Private 5G, industries can adopt innovative solutions that enhance operational efficiency, improve safety, and enable real-time decision-making. Our participation at LEAP 2025 underscores Ericsson’s commitment to providing technology that meets the evolving demands of industrial automation and digital transformation.”

Ericsson’s presence at LEAP 2025 highlights its innovation leadership and commitment to Saudi Vision 2030. Under the theme “Step Forward: Discover the Unfolding Future,” Ericsson is showcasing advanced solutions, live demonstrations, and insights into the future of connectivity. 

With more than four decades of partnership in Saudi Arabia, Ericsson continues to collaborate with communication service providers, enterprises, and government entities to localize advanced technologies, nurture local talent, and support the Kingdom’s position in the global technology landscape.

Now in its fourth year, LEAP 2025 is bringing together more than 600 startups, 1,000 speakers, and over 1,800 exhibitors from around the world to explore the future of global digital advancement and innovation under the theme “Into New Worlds.”


Lucid Gravity SUV hits the market in Saudi Arabia

Lucid Gravity SUV hits  the market in Saudi Arabia
Updated 10 February 2025
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Lucid Gravity SUV hits the market in Saudi Arabia

Lucid Gravity SUV hits  the market in Saudi Arabia

Lucid Group, Inc., a maker of advanced electric vehicles, announced that the Lucid Gravity Grand Touring is now available to order in Saudi Arabia at Lucid locations and online via the Lucid Saudi Arabia website.

The Grand Touring delivers an exceptional combination of sophistication, versatility, interior space, and range, making it the perfect choice for discerning customers across the Kingdom, who can now select vehicle configurations.

“The Lucid Gravity is the world’s most advanced SUV and we are delighted to bring it to the Kingdom,” said Faisal Sultan, vice president and managing director Middle East at Lucid. “It provides a sophisticated space for up to seven adults, game-changing versatility, and an unparalleled driving experience. Best of all, it is available for order in Saudi Arabia via the company studios and website right now.”

Lucid Gravity is a groundbreaking new class of SUV, conceived from the ground up without compromise. Enabled by Lucid’s revolutionary technology, Lucid Gravity provides the interior space and practicality of a full-size SUV within the exterior footprint of a mid-size SUV.

The full Lucid Gravity product line includes Lucid Gravity Grand Touring, starting at SR487,715 ($130,000), equipped with dual electric motors delivering 828 horsepower and more than 700 km of projected range on a single charge.

Lucid Gravity Grand Touring can be configured in two exterior colors, including the launch color Aurora Green Metallic, and with a variety of wheel designs and sizes ranging from 22 and 23 inches. The standard Stealth Appearance features dark polished and painted finishes on exterior surfaces and trim. For those who prefer brighter trim, the optional Platinum Appearance applies a silver luster to exterior accents and trim.

The Lucid Gravity is offered with five interior themes, each incorporating sustainable and premium materials to evoke a different part of the world-renowned state of California’s iconic landscape. The Mojave theme, available in standard PurLuxe and premium PurLuxe versions, evokes the Mojave Desert with bio-PVC upholstery and black ash or walnut wood trim. 

The Yosemite PurLuxe Premium captures the spirit of Yosemite National Park with light, earth-toned upholstery and black and walnut wood accents.

The Tahoe and Ojai themes, both featuring Nappa leather and premium natural grain leather on heated and ventilated 18-way power front seats with massage, draw inspiration from Lake Tahoe and the Ojai Valley, respectively. All themes emphasize luxurious comfort and environmental consciousness.

The Lucid Gravity comes standard with two rows of seats for up to five occupants. An optional three-row version seats up to seven adults with ample space still available for cargo.


LG Electronics, Shaker Group mark 30 years of sustainable HVAC innovation

LG Electronics, Shaker Group mark 30 years of sustainable HVAC innovation
Updated 10 February 2025
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LG Electronics, Shaker Group mark 30 years of sustainable HVAC innovation

LG Electronics, Shaker Group mark 30 years of sustainable HVAC innovation

LG Electronics Saudi Arabia and Al-Hassan Ghazi Ibrahim Shaker Co., an importer, manufacturer and distributor of air conditioners and home appliances in the Kingdom, are celebrating their 30-year partnership, a journey marked by innovation and excellence in the heating, ventilation, and air conditioning industry.

This long-term alliance will continue to promote LG’s innovative HVAC solutions, and reinforce LG and Shaker’s position as a leading HVAC solution provider in the Kingdom. These advanced solutions include residential and commercial air conditioning and chiller systems. All are designed to emphasize “Made in Saudi,” sustainability, energy efficiency, and alignment with Saudi Vision 2030’s development goals.

The HVAC sector has undergone profound change in recent times, with artificial intelligence and Internet of Things boosting innovation in the field. Today, customers expect solutions to be more sustainable, efficient, and optimized for operations than ever before. 

LG and Shaker Group have been at the forefront of this evolution with advanced products like the LG Multi V I, which is expected to launch in the Kingdom later this year. LG Multi V I uses integrated AI algorithms to analyze real-time data and thereby optimize energy usage. This enables the product to be flexible enough to adjust cooling during peak hours as well as monitor room occupancy to ensure temperature levels are ideally set with minimal manual input. This makes it the premier option for consultants in charge of complex projects.

Pilwon Jung, MEA regional representative of LG Electronics, said: “Over the past three decades, LG has collaborated with Shaker to deliver the most advanced HVAC solutions to meet the evolving needs of our customers. Our commitment to driving growth, enhancing customer satisfaction, and contributing to the Kingdom’s sustainability goals remains stronger than ever.”

The partnership was launched in 2008 with the establishment of a joint venture factory in Riyadh that initially produced up to 750,000 units annually. This was a critical step in localizing production while addressing the Kingdom’s pressing need for HVAC solutions.

In recognition of the remarkable milestones achieved, LG and Shaker Group will be honoring key stakeholders who have played significant roles in realizing the partnership’s objectives. This move underscores their shared commitment to fostering a culture of excellence and acknowledging the invaluable contributions of their partners.

Mohammed Ibrahim Abunayyan, CEO of Shaker, said: “Our 30-year collaboration with LG Electronics Saudi Arabia is a testament to our shared commitment to innovation and contributing to the Kingdom’s prosperity. This enduring partnership reflects our joint dedication to delivering leading, cutting-edge, energy-efficient HVAC solutions that align with Saudi Arabia’s strategic vision while meeting the evolving needs of our valued consumers. Together, we continue to drive excellence, shaping a future of progress and sustainable development.”

As they celebrate this milestone, LG and Shaker Group reaffirm their commitment to promoting sustainable and energy-efficient HVAC solutions that align with Saudi Vision 2030 and contribute to a diversified economy.


Rotana TV appoints SPEX as exclusive advertising partner

Rotana TV appoints SPEX as exclusive advertising partner
Updated 10 February 2025
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Rotana TV appoints SPEX as exclusive advertising partner

Rotana TV appoints SPEX as exclusive advertising partner

Rotana TV has signed a strategic agreement with SPEX, one of Extend’s companies, officially appointing them as the exclusive advertising agency responsible for managing and selling advertising across Rotana TV channels. Under this partnership, SPEX will also oversee all digital advertising initiatives, ensuring a seamless and innovative approach to media monetization.

This collaboration marks a significant milestone in Rotana TV’s ongoing efforts to optimize its advertising strategy and maximize revenue potential across both television and digital platforms. By leveraging SPEX’s expertise in media sales and digital advertising solutions, Rotana TV aims to strengthen its market position and enhance the effectiveness of its advertising offerings.

“Rotana TV has always been at the forefront of media and entertainment in the region, and our partnership with SPEX is a testament to our commitment to excellence. With their expertise in advertising sales and digital media, we are confident that this collaboration will create new opportunities for advertisers and elevate the commercial potential of our platforms,” said Princess Lamia bint Majid Al-Saud, CEO of Rotana Media Group 

Sami Al-Rasheed, chairman of the board at SPEX, said: “This agreement marks a significant step in the advancement of the television and digital advertising landscape. Through our strategic approach and data-driven methodology, we aim to enhance advertisers’ experience and deliver highly efficient and impactful advertising solutions within a vast and influential network like Rotana.”