Saudi firm plans low-orbit satellite network
SpaceBelt KSA and US-based iRocket struck a deal valued at $640 million to launch up to 30 satellites over five years, building a network to serve both defense and commercial customers.
Saudi Arabia, the UAE, and Oman are investing in space — with the UAE notably reaching Mars orbit in 2021, matched only by the US, Russia, China, India, and the EU. SpaceBelt KSA's plan is far smaller in scale than what Starlink has deployed, though: the Elon Musk-led company already has 8,000 low-Earth orbit satellites in operation.
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Yahoo
29 minutes ago
- Yahoo
Saudi Arabia Loyalty Programs Market Intelligence 2025-2029
The Saudi Arabian loyalty market is set to expand significantly, growing by 15.4% annually to reach $842.5 million by 2025. With a CAGR of 13.0% from 2025-2029, the market will hit $1.37 billion by 2029. This growth, fueled by digital transformation, Vision 2030 initiatives, and fintech innovation, positions Saudi Arabia as a dynamic hub for loyalty program advancements. Key trends include the rise of digital platforms, tiered and coalition programs, fintech integrations, and data-driven personalization, offering businesses opportunities to foster strong customer relationships in this competitive landscape. Saudi Arabian Loyalty Programs Market Dublin, Aug. 11, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Loyalty Programs Market Intelligence and Future Growth Dynamics - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q3 2025 Update" report has been added to loyalty market in Saudi Arabia is expected to grow by 15.4% on annual basis to reach US$842.5 million in 2025. In value terms, the loyalty market in the country has recorded a CAGR of 17.2% during 2020-2024. The loyalty market in the country will continue to grow over the forecast period and is expected to record a CAGR of 13.0% during 2025-2029. Loyalty market in this region is expected to increase from US$730.3 million in 2024 to reach US$1.37 billion by report provides a detailed data-centric analysis of the loyalty market opportunities and risks across a range of end-use sectors and market segments in Saudi Arabia. With over 50 KPIs at the country level, this report provides a comprehensive understanding of loyalty market dynamics, market size and forecast, and market share statistics. The loyalty program environment in Saudi Arabia is experiencing a major change, influenced by technological advancements, shifting consumer preferences, and favorable government policies aligned with Vision 2030. Digital loyalty platforms are becoming the cornerstone of customer engagement, fueled by the rise of e-commerce, smartphone penetration, and fintech innovation. The shift toward tiered loyalty programs reflects the growing demand for personalized and value-driven rewards, particularly in retail. Additionally, fintech integration enhances loyalty ecosystems by introducing innovative and seamless rewards systems. Data-driven personalization is emerging as a critical enabler for brands to deliver tailored experiences, while coalition programs are reshaping the loyalty landscape by fostering partnerships across industries. These trends will likely intensify over the next 2-4 years as technology adoption accelerates and consumer expectations evolve. Businesses that embrace these trends and invest in customer-centric, data-driven loyalty solutions will be well-positioned to build stronger, longer-lasting relationships with their customers in Saudi Arabia's dynamic and competitive Adoption of Digital Loyalty Platforms Digital loyalty platforms are becoming increasingly popular in Saudi Arabia, driven by the country's rapid digital transformation. These platforms, including mobile apps and web-based solutions, allow customers to collect and redeem points, access exclusive offers, and engage with brands in real-time. For instance, STC Pay has integrated loyalty features into its digital wallet, enabling users to accumulate points for various transactions. The e-commerce boom in Saudi Arabia, supported by high smartphone penetration and an expanding digital payment ecosystem, has significantly contributed to adopting digital loyalty platforms. Platforms like Noon and Amazon Saudi Arabia have implemented loyalty features such as cashback and discounts for frequent buyers. Additionally, government initiatives under Vision 2030, which emphasize digital transformation and cashless transactions, have created a conducive environment for digital loyalty programs. The tech-savvy younger population, a significant portion of Saudi Arabia's demographic, prefers convenient, tech-driven solutions over traditional loyalty cards. In the coming years, partnerships between loyalty platforms and e-commerce or fintech players are expected to rise, creating integrated ecosystems. Brands will likely adopt Artificial Intelligence (AI) to offer personalized rewards based on consumer behavior. Traditional loyalty programs may phase out as digital solutions dominate the loyalty landscape. Competitive Landscape and Regulatory Changes in Saudi Arabia's Loyalty MarketThe competitive landscape in Saudi Arabia's loyalty market is vibrant, with a blend of dominant players and niche-focused startups shaping the industry. The moderately fragmented structure provides opportunities for collaboration, but market entry remains challenging due to regulatory compliance, consumer trust issues, and the need for technological investments. Over the medium term, the market is expected to consolidate, with a focus on innovation and cross-sector partnerships. Regulatory changes, particularly in data privacy and digital payments, will continue to influence the competitive dynamics, ensuring a more transparent and consumer-friendly environment. To succeed in this dynamic market, businesses must remain agile, invest in technology, and align with the evolving regulatory loyalty market in Saudi Arabia is competitive, with a mix of established local players, global companies, and fintech startups vying for market share. Prominent players such as STC Pay, Saudia Airlines' Alfursan program, and Jarir Bookstore's loyalty initiatives dominate specific sectors, including telecom, travel, and retail. At the same time, global brands like Amazon, Saudi Arabia and Carrefour bring international expertise and resources, adding further competition. Fintech startups such as Hala and Geidea are rapidly entering the market with innovative digital loyalty solutions, targeting tech-savvy younger consumers. The market is moderately fragmented, with different players focusing on specific verticals. While dominant players control significant portions of their respective industries (e.g., telecom, travel, and large retail chains), smaller players in niche markets such as luxury retail, e-commerce, and local service industries are also thriving. This diversity balances a few large players and numerous smaller, specialized companies, fostering collaboration and competition. Expected Changes Over the Next 2-4 Years While the market is moderately fragmented, consolidation is expected as larger players acquire smaller firms to expand their customer base and technological capabilities. Fintech companies will continue to grow and diversify their loyalty offerings, intensifying competition, especially in digital wallets and payment-linked loyalty programs. More cross-sector partnerships, particularly between retail, e-commerce, and travel, are expected to provide comprehensive coalition loyalty programs. As data-driven marketing becomes a priority, companies that invest in AI and analytics to deliver hyper-personalized rewards will gain a competitive edge. Stricter regulations on data privacy and transparency may level the playing field, reducing unfair practices and protecting consumers while increasing business operational requirements. Key Attributes: Report Attribute Details No. of Pages 130 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $0.84 Billion Forecasted Market Value (USD) by 2029 $1.37 Billion Compound Annual Growth Rate 13.0% Regions Covered Saudi Arabia ScopeSaudi Arabia Retail Sector Spend Value Trend Analysis Ecommerce Spend POS Spend Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Key Performance IndicatorsValue Accumulated and Value Redemption Rate of Loyalty programs in Saudi ArabiaSaudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Functional Domains Loyalty Schemes Loyalty Platforms Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Program Type Points programs Tier-based programs Mission-driven programs Spend-based programs Gaming programs Free perks programs Subscription programs Community programs Refer a friend program Paid programs Cashback programs Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Channel In-Store Online Mobile Saudi Arabia Loyalty Schemes Spend Market Size and Future Growth Dynamics by Business Model Seller Driven Payment Instrument Driven Others Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Key Sectors Retail Financial Services Healthcare & Wellness Restaurants & Food Delivery Travel & Hospitality (Cabs, Hotels, Airlines) Telecoms Media & Entertainment Others Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by Online Retail Financial Services Healthcare & Wellness Restaurants & Food Delivery Travel & Hospitality (Cabs, Hotels, Airlines) Telecoms Media & Entertainment Others Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by In-Store Retail Financial Services Healthcare & Wellness Restaurants & Food Delivery Travel & Hospitality (Cabs, Hotels, Airlines) Telecoms Media & Entertainment Others Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by Mobile App Retail Financial Services Healthcare & Wellness Restaurants & Food Delivery Travel & Hospitality (Cabs, Hotels, Airlines) Telecoms Media & Entertainment Others Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Retail Diversified Retailers Department Stores Specialty Stores Clothing, Footwear & Accessories Toy & Hobby Shops Supermarket and Convenience Store Home Merchandise Other Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Accessibility Card Based Access Digital Access Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Consumer Type B2C Consumers B2B Consumers Saudi Arabia Loyalty Schemes Spend Market Size and Future Growth Dynamics by Membership Type Free Free + Premium Premium Saudi Arabia Loyalty Platform Spend Market Size and Future Growth Dynamics by Software Use Case Analytics and AI Driven Management Platform Saudi Arabia Loyalty Platform Spend Market Size and Future Growth Dynamics by Vendor/Solution Partner In House Third Party Vendor Saudi Arabia Loyalty Platform Spend Market Size and Future Growth Dynamics by Deployment Cloud On-Premise Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Platforms Software Services Saudi Arabia Loyalty Spend Market Size and Future Growth Dynamics by Software Use Case Platforms Custom Built Platform Off the Shelf Platform Saudi Arabia Loyalty Spend Market Size and Forecast by Consumer Demographics & Behaviour By Age Group By Income Level By Gender For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Loyalty Programs Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
29 minutes ago
- Yahoo
Expro Marks Major Milestone in International Expansion with First Fully Remote Five-Plug Cementing Operation in Saudi Arabia
Successful multi-stage job has demonstrated time savings, hands-free operation, and global applicability HOUSTON, August 11, 2025--(BUSINESS WIRE)--Expro (NYSE:XPRO), a global energy services provider, has successfully delivered the world's first fully remote five-plug cementing operation in the Kingdom of Saudi Arabia, reinforcing its commitment to innovation, safety, and international growth within the well construction sector. The milestone operation - executed using Expro's Generation-X™ Remote Plug Launcher (RPL) and proprietary SkyHook™ cement-line make-up device - marks a major step forward in the company's expansion into the Middle East. The fully automated solution enabled a complex, multi-stage cement job to be completed with zero red-zone entry or man-riding operations, setting a new industry benchmark for personnel safety and operational control. This breakthrough builds on Expro's first successful cementing job in the Kingdom, delivered in January. That initial operation laid the foundation for a rapid regional ramp-up, culminating in May's delivery of the five-plug job. Together, these achievements reflect a deliberate progression from strategic market entry to innovation leadership, demonstrating the proven scalability and reliability of Expro's cementing technologies in one of the world's most technically demanding operating environments. Jeremy Angelle, Vice President of Well Construction at Expro, said: "Our entry into Saudi Arabia is more than just geographic expansion - it's about transforming cementing operations through advanced engineering. This breakthrough showcases our Generation-X and SkyHook technologies as world-class innovations that drive measurable safety and efficiency gains." The complex five-plug stage-cementing operation was executed for a challenging 9-5/8" casing run in a high-pressure gas well - the longest of its kind in the field. Utilizing Expro's modular Generation-X™ RPL, all of the five downhole components were pre-loaded in a controlled shop environment and then remotely launched at the well site with precision. Expro's modular cement head allowed the operator to eliminate high-risk tasks at the rig site, significantly reducing rig time, and enhancing the overall well integrity through optimized cement placement and effective zonal isolation. Building on this momentum, additional deployments across the region have further validated the benefits of Expro's remote and wireless cementing technologies. In one case, the customer was able to displace cement through the top drive at up to 13 bpm, resulting in cleaner wellbores, faster transitions from casing to cementing, and reduced static wellbore time. Collectively, these case studies demonstrate how Expro's solutions enhance operational integrity and redefine safety standards, particularly in markets where reliability, repeatability, and HSE performance are critical. "Both the Generation-X™ launcher and SkyHook™ system were designed with safety, control, and field adaptability in mind," added Angelle. "To see them deliver such strong results in a new region is a proud moment, and a signal of what's possible as we grow our well construction capabilities globally." Expro continues to invest in expanding its presence in the Kingdom and beyond, with a clear focus on aligning with customer goals in the oil, gas, and geothermal markets. With proven success in Saudi Arabia and strong customer interest across the region, we believe that Expro's cementing product line is now well positioned for international adoption, bringing automation, safety, and cost efficiency to the forefront of well construction operations globally. Notes to Editors Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company's extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions. With roots dating to 1938, Expro has approximately 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in more than 50 countries. For more information, please visit and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success, safety, efficiency and sustainability of the Company's well construction technologies, the Company's environmental, social and governance goals, targets and initiatives, and future growth, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company's Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise. View source version on Contacts Media Contact MediaRelations@
Associated Press
32 minutes ago
- Associated Press
Bitumen & Logistics: Paving the Way for a Connected Future, Global Leaders to Gather in Dubai This August
Rex Fuels Global Expo & Conference 2025 to explore the powerful partnership between bitumen and logistics, shaping the next era of infrastructure DUBAI, DUBAI, UNITED ARAB EMIRATES, August 11, 2025 / / -- Bitumen is the backbone of modern infrastructure, but without logistics, it is merely potential locked in place. From refinery gates to construction sites, it is logistics that gives bitumen its reach, its pace, and its impact. Together, they form the twin engines of the road-building world, driving economies, connecting communities, and shaping the skylines of tomorrow. This powerful synergy will be in sharp focus at the Rex Fuels Global Expo & Conference 2025, taking place on 18th and 19th August at the Conrad Hotel, Sheikh Zayed Road, Dubai. The two-day event will bring together 500+ delegates from over 30 countries, including industry leaders, policymakers, innovators, and supply chain specialists. Why Bitumen Needs Logistics and Vice Versa Bitumen is a material of promise. But it is also a material that mandates control. It must be stored at specific temperatures, transported with care, and delivered on time. Logistics is the enabler that ensures every drop of bitumen reaches its destination with its quality intact and its performance uncompromised. In this strategic alliance: • Timeliness is not just a convenience; it's mission-critical. A delayed shipment can halt an entire highway project. • Efficiency is not just about lowering cost; it is the silent force that keeps infrastructure projects within the spectrum and schedule. • Quality control is not a luxury; it's a non-negotiable standard, upheld by temperature sensors, insulated tankers, and a precision-driven supply chain. An Industry Poised for Transformation The partnership between bitumen and logistics is no longer about moving material from point A to point B. It is about growing together to meet new realities: • Climate goals are propelling the industry toward low-emission transportation and sustainable repository approaches. • Technology is driving smarter, more connected supply chains from blockchain documentation to AI-driven route optimisation. • Geopolitical shifts and regulatory frameworks are altering the rules of cross-border movement and energy trade. Infrastructure demands are also rising rapidly, notably in the Middle East, South Asia, and Africa, where mega projects are reshaping entire landscapes. In this context, bitumen producers and logistics providers can no longer operate in silos; collaboration is paramount for acceleration, scalability, and sustainability. Inside Rex Fuels Global Expo & Conference 2025 This year's 16th edition of the Rex Fuels Global Expo & Conference arrives at a pivotal moment when global trade corridors are shifting, and the bitumen-logistics matrix is being reimagined for a more sustainable, interconnected future. As both a catalyst for fresh ideas and a crucible for global partnerships, the conference will feature: • Unlocking Opportunities: A deep dive into the potential for a Global Bitumen Exchange, exploring how translucence, efficiency, and digital innovation can reshape procurement and pricing models across continents. • Middle East–Asia Price Arbitrage: Sessions decoding evolving cargo flows, freight dynamics, and the strategic clout offered by cross-regional price differentials. • Sustainable Innovation in Road Construction: Spotlighting low-emission practices, recycled materials, and bio-bitumen technologies that are redefining bitumen application and demand. • Infrastructure Trends & Their Ripple Effect: Adept discussions examining how mega-infrastructure projects from smart highways to energy corridors are impacting the entire bitumen value chain, from refining to final-mile delivery. Attendees will include: 1. Bitumen producers and refiners 2. Logistics and transport companies 3. Traders, terminal operators, and storage solution providers 4. Government infrastructure agencies Why It Matters Now More Than Ever? Bitumen without logistics is potential without momentum. Logistics without bitumen is movement without purpose. Together, they don't just lay roads; they lay the footing for modern economies. With the infrastructure landscape becoming more globalised, digitised, and sustainability-driven, the need for a tightly integrated, future-ready bitumen logistics ecosystem has never been more urgent. At Rex Fuels Global Expo & Conference 2025, industry leaders will come together to co-create that ecosystem through dialogue, collaboration, and innovation. Join the Movement. Be the Future. Dubai awaits. On August 18th and 19th, the world's top minds and market leaders in bitumen and logistics will congregate in the UAE's most dynamic business hub. Whether you're looking to forge new trade routes, explore avant-garde handling technologies, or align with international standards for sustainable infrastructure, this is where the next chapter begins. Don't just witness the change, be part of the conversation! Savita Kamble Rex Fuels Management Pvt Ltd +91 9167279047 email us here Visit us on social media: LinkedIn Instagram Facebook YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
