‘India-Saudi Arabia Investment Connect’ gets good response

‘India-Saudi Arabia Investment Connect’ gets good response
The event was well attended by prominent Saudi businessmen and financial advisers from major business houses in Jeddah. (Supplied)
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Updated 01 March 2025
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‘India-Saudi Arabia Investment Connect’ gets good response

‘India-Saudi Arabia Investment Connect’ gets good response

The Indian Consulate in Jeddah organized a one-day “India-Saudi Arabia Investment Connect” event at the Park Hyatt on Tuesday, Feb. 25. The main purpose was to provide valuable insights into the business and investment landscape of India by sharing information about the enormous opportunities for untapped trade and investment in the country.

Consul General Fahad Ahmed Khan Suri made the opening remarks. He welcomed the distinguished guests and highlighted the significance of organizing such an event to strengthen the bilateral economic and commercial ties between India and Saudi Arabia.

Indian Ambassador Dr. Suhel Ajaz Khan, in his address delivered virtually, said: “The scale of India’s transformation will shape the future, and deepening our partnership with Saudi Arabia is a win-win for both nations. India’s private sector has already realized this latent potential and has invested over $3 billion in Saudi Arabia. And this is only the beginning.”

Ahmed Al-Juraiyan, central office director, Ministry of Investment for Saudi Arabia, who was the guest of honor at the event, delivered a special address echoing the sentiments expressed by the Indian ambassador by highlighting the immense potential for cooperation between the two countries and the enormous opportunities for Indian investors in Saudi Arabia.

Dr. Jaimini Bhagwati, a former Indian Foreign Service officer, a financial sector and derivatives specialist who has served for over a decade at the World Bank, and who is currently a Distinguished Fellow at the Centre for Social and Economic Progress in New Delhi, delivered the keynote address on the “India Growth Story” and made a compelling case for “Investing in India” from a macroeconomic perspective.

Manusmriti, Counsellor (Economic and Commerce), Embassy of India in Riyadh; Badri Narayanan and Lakshmikumaran from Lakshmikumaran and Sridharan Attorneys; Vaibhav Kakkar from Saraf and Partners Law Offices, and Neeraj Agarwal from Apex Invest, delivered compelling presentations covering the important aspects pertaining to the investment domain.

These included a detailed overview of India-Saudi Arabia economic and commercial partnerships, sectoral investment opportunities in India, delineation of all the technical aspects related to legal and tax regulatory frameworks, mechanisms/routes for foreign direct investment into India, exclusive opportunities for investors in GIFT City, and an overview of the startup ecosystem in India.

Kalyana Sivagnanam, Group CEO, Petromin; Balakrishnan, CFO, Abdul Lateef Jameel Motors, and Puneet Kataria, head of real estate, Gulf Islamic Investment, shared their experiences and success stories of investing in India.

The conference also featured a specially curated panel discussion on the “Mechanics of Investing in India — Decoding the Indian Investment Ecosystem.”

The panel discussion was moderated by Awaiz Patni, Group CFO, Saudi Bugshan Company, and the panelists were Soham Avlani and Raghav Bahl from Promaft Partners, and L. Badri Narayanan from Lakshmikumaran and Sridharan Attorneys. The panelists focused on the conducive environment for investing in India, based on challenges and risk mitigation strategies, and they also spoke about the operational aspects of investing in India.

Various rising startups from India presented their investment pitches at the event and showcased innovative business ideas designed to attract potential investors.

The event was well attended by prominent Saudi businessmen and financial advisers from major business houses in Jeddah and by the friends of India in Saudi Arabia. The event is part of the series of trade and investment promotion initiatives that are being scheduled by the consulate.


Giordano ME wins double honors at global conference

Giordano ME wins double honors at global conference
Updated 03 March 2025
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Giordano ME wins double honors at global conference

Giordano ME wins double honors at global conference

Giordano Middle East has been recognized with two prestigious awards at Giordano International’s recent Global Conference held in Dongguan, China.

The company was honored with the Best Market Award and the Most Valuable Partner Award for 2024, reinforcing its leadership and exceptional performance in the region.

The Best Market Award acknowledges Giordano Middle East’s outstanding business growth, operational excellence, and commitment to customer satisfaction.

Meanwhile, the Most Valuable Partner Award highlights the company’s collaborative spirit, strategic contributions, and alignment with Giordano International’s vision of delivering quality, simplicity, and innovation.

Commenting on the win, Ishwar Chugani, CEO and Managing Director of Giordano Middle East, said: “I am delighted that the Giordano retail experience in the Middle East has received such prestigious international recognition. Winning these awards is a testament to the hard work and dedication of our entire team. 

“At Giordano Middle East, we continuously strive to enhance our customer experience, expand our market presence, and uphold the brand’s core values. These accolades motivate us to push boundaries and achieve even greater milestones in the years ahead.”

Colin Currie, CEO of Giordano International, also commended the Middle East team, said: “Giordano Middle East has consistently demonstrated excellence in operations, customer engagement, and market expansion. 

“Their ability to adapt, innovate, and deliver outstanding results is truly commendable. These awards reflect the team’s unwavering commitment to the brand’s success, and I congratulate them on this well-deserved recognition.”

With a strong presence across the Middle East, the brand remains committed to providing timeless, high-quality apparel and an exceptional shopping experience.

These accolades reinforce Giordano Middle East’s dedication to excellence and its significant role in the brand’s global success.


Trendyol launches Cappadocia-inspired Ramadan Collection exclusively for GCC Customers

Trendyol launches Cappadocia-inspired Ramadan Collection exclusively for GCC Customers
Updated 03 March 2025
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Trendyol launches Cappadocia-inspired Ramadan Collection exclusively for GCC Customers

Trendyol launches Cappadocia-inspired Ramadan Collection exclusively for GCC Customers

Trendyol, one of the world’s leading e-commerce platforms, has launched its 2025 Ramadan Collection, designed exclusively for customers in the Gulf region.

Inspired by the timeless charm of Cappadocia, the collection features 90 curated pieces including abayas, dresses, kaftans, coordinated top-and-bottom sets and more.

Designed by Trendyol’s in-house designers and manufactured by high-quality Turkish suppliers, the collection includes pastel, neutral, and earthy shades echoing the essence of Cappadocia.

The modest wear range features flowy designs and ruffled silhouettes, with details including gold buttons, jewel embellishments, and bow details offering versatile styling for both iftar and sahoor gatherings. It also features a limited “mini-me” Eid line with mom-daughter matching items to celebrate Eid Al-Fitr in style.

“Last year, we introduced Trendyol’s first Ramadan Collection for the Gulf, a modest wear line designed specifically for our customers in the region, which was embraced by our Gulf shoppers and sold out quickly. Inspired by Turkiye’s rich heritage and the timeless beauty of Cappadocia, this latest collection reinforces our commitment to the region and to listening to what our shoppers want, presenting them with a selection of relevant, high-quality and affordable products,” said Mohamad ElAnsari, chief executive officer, Trendyol Gulf.

In addition to the Ramadan Collection, Trendyol has just launched its first own-brand Home Collection under its growing homeware category in time for the holy month. With a selection of elegant table covers, runners and placemats, as well as towels, duvet covers and more, the Mediterranean-inspired range provides Gulf shoppers with items to get their home ready for hosting.

Since its launch in the Gulf in 2023, Trendyol has become one of the region’s most downloaded shopping apps, attracting over 4 million customers. Customers across the Gulf, including Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain and Oman, can now explore the collection and purchase the products on the Trendyol app and website www.trendyol.com/ar/.


Monsha’at report charts sustainable trends among Saudi and Global SMEs

Monsha’at report charts sustainable trends among Saudi and Global SMEs
Updated 03 March 2025
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Monsha’at report charts sustainable trends among Saudi and Global SMEs

Monsha’at report charts sustainable trends among Saudi and Global SMEs

Monsha'at, Saudi Arabia's Small and Medium Enterprises General Authority, has released its latest quarterly SME Monitor, providing an in-depth look at key trends shaping the Kingdom's SMEs ecosystem. This edition highlights a 67 percent quarterly increase in commercial registrations, the expansion of green financing and sustainability programs, and the growing role of Saudi SMEs in the global green economy.

With Saudi Vision 2030’s commitment to sustainability, the report highlights many of the ways in whichSaudi SMEs can contribute to the Kingdom’s ambitious renewable targets, from adopting circular economy principles to investing in renewable energy, reforestation, and environmental megaprojects, eco-tourism, EV adoption, and sustainable reporting. With $186 billion being invested by the Saudi Green Initiative to support the local green economy, the opportunities for sustainable SME growth are ripe.

If the Kingdom’s private sector is rapidly adopting, it’s thanks in large part to ambitious public sector policies supporting green growth and innovation, the report shows. In addition to sizeable investments by the Green Financing Framework (GFF) to create a more circular economy, accelerators like Sidra and Mega Green and a number of VC funds are enabling a surge of investments in food security, water, and agriculture, circular economy, energy transition and storage, sustainable manufacturing, smart cities and sustainable infrastructure, and more.

“At the heart of Saudi Arabia’s transformation lies our vibrant SME sector, which serves as a powerful driver of the economy,” Rakan Alsheikh, the deputy minister for policies and economic planning, told Monsha’at. “They are not just business entities but pioneers of sustainable solutions that create lasting impact. Their agility and adaptability allow them to integrate renewable energy, green technologies, and circular economy principles into their operations, reinforcing Saudi Arabia’s commitment to a more sustainable future.”

In addition to its coverage of sustainability trends in Saudi Arabia, the latest SME Monitor also has a special section on global developments in SMEs sustainability.

In the OECD, for example, three-quarters of SMEs are now actively working to reduce their carbon footprint, while 12 percent of EU SMEs generate renewable energy onsite. With the global market for green technology and sustainability projected to reach $135 billion by 2030, early adopters stand to gain significant competitive advantages.

In its survey of broader SMEs developments across Saudi Arabia, the report also reveals a notable uptick in commercial registrations in Q4 2024, a key indicator of the country’s consistently dynamic entrepreneurial landscape. In addition to 160,000 new registrations, sectors like e-commerce reached 40,953 total registrations that quarter, an impressive 10 percent year on year increase.

Thanks to the variety of enablement, financing, franchising, innovation, and business development programs offered by Monsha’at, more than 100,000 SMEs benefitted from the Kingdom’s chief SME enabler in Q4 2024, the report shows.

Moreover, Saudi Arabia’s VC funding ecosystem continued to lead MENA through Q4 2024, with $750 million deployed to Saudi-based startups over 178 deals that year, representing 39 percent of all investments in the region that year.

 

 

 


Movenpick Hotel Riyadh offers a distinctive Ramadan Experience

Movenpick Hotel Riyadh offers a distinctive Ramadan Experience
Updated 03 March 2025
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Movenpick Hotel Riyadh offers a distinctive Ramadan Experience

Movenpick Hotel Riyadh offers a distinctive Ramadan Experience

As the holy month of Ramadan approaches, Movenpick Hotel Riyadh invites guests to immerse themselves in a celebration of tradition, hospitality, and culinary excellence.

The hotel seamlessly blends warm Arabian hospitality with a refined setting, offering a thoughtfully curated Ramadan experience centered around its exquisitely designed Ramadan tent.

This inviting space harmoniously integrates rich cultural heritage with contemporary elegance, creating an atmosphere that resonates with the spirit of the holy month.

Designed to provide a serene and immersive Ramadan ambiance, the tent is adorned with intricate Arabic patterns, soft ambient lighting, and carefully arranged seating areas, ensuring an intimate yet social setting for families, friends, and corporate gatherings.

The carefully crafted details create an environment that embodies both authenticity and sophistication, making it an ideal destination for meaningful Ramadan moments.

At the heart of the experience, where guests can indulge in a meticulously prepared iftar and sahoor buffet, featuring an extensive selection of flavors catering to diverse palates.

Traditional Arabic delicacies such as fragrant kabsa, succulent mixed grills, and freshly baked sambousek take center stage, complemented by an array of international gourmet creations.

The experience is further elevated with an oriental dessert station, offering an exquisite assortment of kunafa, Umm Ali, and other beloved Middle Eastern sweets.

To enhance the dining journey, live cooking stations allow guests to engage with expert chefs as they prepare signature dishes fresh to order, adding an interactive and dynamic touch to the feast.

To celebrate the spirit of togetherness during Ramadan, Movenpick Hotel Riyadh presents exclusive early booking discounts, as well as customized packages for corporate events and group gatherings.

For individual guests, bespoke Ramadan offerings include an opulent buffet experience starting at SR340 for iftar and SR250 for sahoor (excluding VAT). Children under six dine for free, while children aged 6 to 12 enjoy a 50 percent discount, making it an ideal destination for families.

 


SAMI was Platinum Sponsor of the First Aerospace Connect Forum

SAMI was Platinum Sponsor of the First Aerospace Connect Forum
Updated 02 March 2025
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SAMI was Platinum Sponsor of the First Aerospace Connect Forum

SAMI was Platinum Sponsor of the First Aerospace Connect Forum

SAMI, the national defense and security champion, a PIF company, successfully concluded its participation as the Platinum Sponsor of the first Aerospace Connect Forum, held in Jeddah from Feb. 24–25. 

Under the patronage of Bandar bin Ibrahim Al-Khorayef, minister of industry and mineral resources, organized by the Industrial Center and co-hosted by the General Authority of Civil Aviation, the forum was successful in driving innovation, promoting the localization of aerospace technologies in alignment with Vision 2030 and creating an ideal platform for international collaboration and investment.

The forum was inaugurated by Abdulaziz bin Abdullah Al-Duailej, president of the General Authority of Civil Aviation, and Khalil bin Ibrahim bin Salamah, deputy minister of industry and mineral resources for industrial affairs, who also visited the SAMI pavilion. 

As a Platinum Sponsor, SAMI’s presence at the forum was particularly significant, showcasing its key division, SAMI Aerospace, through its subsidiaries, SAMI Alsalam Aerospace Industries, SAMI Figeac, SAMI Aerospace Mechanics and SAMI AEC.

SAMI Figeac presented its latest innovations in aerospace components, including metal parts used in aircraft parts, floor beams, wing ribs, and Tailcone panels. 

Additionally, the F-15SA pylons, designed for mounting external equipment such as fuel tanks beneath aircraft wings, were showcased. These pylons are manufactured at SAMI Alsalam Aerospace Industries’ facilities.

Experts from across SAMI’s divisions participated in a panel discussion titled “Trends, Challenges and Best Practices for Ensuring Aircraft Reliability and Safety,” where they discussed the company’s continuous efforts to enhance local aerospace manufacturing capabilities and identified opportunities for growth within the sector.

At the close of the first day, Salamah alongside SAMI CEO Thamer AlMuhid and the accompanying delegation, toured the SAMI Aerospace Mechanics and SAMI Figeac Aero Manufacturing facilities. 

The visit provided an opportunity to assess progress, review advanced manufacturing technologies, and explore the Kingdom’s growing industrial capabilities in aerospace, reinforcing the commitment to localizing 50 percent of Saudi Arabia’s military spending by 2030.