
Petromin Corporation accelerates the future of mobility as a key sponsor of Nissan Formula E Team at Tokyo E-Prix
Petromin Corporation, through its e-mobility subsidiary Electromin, proudly confirms its role as a key sponsor of Nissan Formula E Team for the FIA Formula E World Championship race in Tokyo (May 17-18, 2025). This landmark partnership showcases Petromin's dedication to sustainability, electric mobility and global innovation, aligning with Saudi Arabia's Vision 2030 goals.
As a leader in smart EV charging solutions, Electromin's sponsorship of Nissan Formula E Team's campaign highlights its commitment to green racing and next-generation mobility technologies. Formula E, the world's first all-electric street racing series, serves as a dynamic platform for advancing zero-emission transportation and cutting-edge performance engineering.
Mr. Kalyana Sivagnanam, Group CEO of Petromin Corporation, said: "Our partnership with Nissan Formula E Team reflects Petromin's strategic vision for a sustainable, electrified future. Through Electromin, we support high-performance racing and accelerate mobility transformation in Saudi Arabia and beyond. This collaboration reinforces our position as a global innovator in e-mobility."
Mr. Tommaso Volpe, Managing Director and Team Principal of Nissan Formula E Team, added: "We are delighted to have Petromin and Electromin as key partners in our Formula E journey. Their commitment to sustainability and innovation mirrors our mission to push the boundaries of electric vehicle technology. Together, we aim to inspire the future of clean, high-performance mobility."
Petromin has extended an exclusive invitation to its valued partners, The Brokers, led by Group CEO Shivi and top management, to experience the Tokyo E-Prix. The delegation will attend the race, visit the Nissan Technical Centre, and explore the Nissan Museum, reinforcing the strategic alliance between Petromin and Nissan.
This initiative showcases Petromin's commitment to its global partnerships and serves as a key opportunity to deepen collaboration with The Brokers. Petromin aims to build stronger personal and professional ties, enhance alignment on business goals, and establish mutual trust. Such engagements are vital in nurturing long-term relationships that drive collective success across markets.
About Petromin Corporation
Petromin Corporation is a leading energy and mobility company with operations across five countries and over 600 service centers. With a legacy of 50+ years, Petromin is driving transformation through sustainable lubricants, automotive services, and e-mobility solutions.
About Electromin
Electromin, a Petromin company, is Saudi Arabia's first full-service e-mobility provider, delivering smart EV charging infrastructure with 100+ charging stations deployed nationwide. Electromin is a key enabler of the Kingdom's Vision 2030 electrification goals.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Business
5 hours ago
- Arabian Business
Air taxis in Saudi Arabia: Abdul Latif Jameel and Joby Aviation sign $1bn future transport deal
A business group in Saudi Arabia will partner with a futuristic US aviation firm on a $1bn deal to bring flying taxis to the Kingdom. The groundbreaking electric aircraft partnership will see Abdul Latif Jameel team up with Joby Aviation to explore a distribution agreement for electric vertical take-off and landing (eVTOL) aircraft. The potential deal, valued at approximately $1bn, could deliver up to 200 aircraft in the coming years, marking a pivotal step in Saudi Arabia's clean transportation ambitions. Flying taxis in Saudi Arabia The announcement builds on the deepening economic ties between the United States and Saudi Arabia, with both nations investing heavily in next-generation, sustainable infrastructure. Joby Aviation, known for its piloted, all-electric aircraft designed to carry four passengers at speeds of up to 200 mph, represents the forefront of urban air mobility. With zero operating emissions and significantly reduced noise levels, Joby's aircraft are poised to redefine short-distance travel. JoeBen Bevirt, Founder and CEO of Joby Aviation, said: 'This collaboration is about bringing America's leadership in electric air mobility to the world. Together with Abdul Latif Jameel, we're not just imagining a cleaner, safer, more efficient future—we're building it. And there is no better partner to help unlock the extraordinary opportunity for air travel in the region.' Hassan Jameel, Vice Chairman, Saudi Arabia, Abdul Latif Jameel, said: 'Saudi Arabia is transitioning toward a new era of mobility – one that is on-demand, shared, connected, and sustainable. eVTOL is an exciting and important component of this. 'We are looking forward to collaborating with Joby to support the transformation of the Kingdom's mobility sector. This collaboration also comes as Abdul Latif Jameel Motors marks 70 years of distributing Toyota in Saudi Arabia — a strategic investor in Joby.' Joby's collaboration with Abdul Latif Jameel will initially focus on Saudi Arabia, where Abdul Latif Jameel has an extensive presence, network and deep operational experience. The two businesses will work together to explore distribution and sales collaborations, the launch of local air taxi services, including the establishment of aftermarket services such as MRO (Maintenance, Repair, and Overhaul), and pilot training. Joby's piloted, all-electric aircraft is designed to carry four passengers at speeds of up to 200mph, offering high-speed mobility with a fraction of the noise produced by helicopters and zero operating emissions. Joby Aviation aims to launch its first commercial passenger flights in Dubai by 2026, with expansion into Saudi Arabia envisioned soon after. The deal also reflects Abdul Latif Jameel's broader investment strategy in future mobility. The Jameel family previously invested in Joby's Series C funding round, led by Toyota Motor Corporation in 2020.


Zawya
9 hours ago
- Zawya
Saudi Arabia, UAE lead office quality fit-out investments
The corporate sentiment in the Middle East and Africa (MEA) is geared towards targeted investments in overall space design and fit-outs to support return-to-office strategies, according to leading real estate expert JLL. This has accelerated demand for high-quality Grade A office spaces and fit-outs that enhance workplace experience and performance. In its latest 'EMEA Office Fit-Out Cost Guide 2025', JLL has identified Saudi Arabia and the UAE among the top countries globally with a high proportion of cost for high quality finishes, averaging more than $2,400/sqm, against the global average of $1,830/sqm, as workplace design becomes a component part of talent attraction and retention. The JLL EMEA Office Fit-Out Cost Guide 2025, which analyses data from 25 countries to provide insights into cost variations, drivers, sustainability concerns, and market sentiment, has also outlined the complex cost pressures for the EMEA construction sector in 2025, with office fit-out costs increasing in the last 12 months. The steady rise in costs reflects the growing trend of organisations (44%) in the region to increase office-based workdays over the next five years. Dubai also ranks among the top 20 cities globally in the City Cost Index, reflecting continued competition for Grade A spaces, while in Saudi Arabia, initiatives such as regional headquarters (RHQ) programme is also driving demand. JLL has also found that sustainability is a key driver in many relocation strategies and office fit-outs, with 68% of organisations globally planning to increase investment in sustainability performance in the next five years. In MEA, the sentiment is strongest in Saudi Arabia and the UAE, where 78% of corporate real estate leaders aim to enhance value through sustainability. Maroun Deeb, Head of Project & Development Services, Saudi Arabia and Bahrain at JLL, said: "The general optimism towards investing in workspaces is likely to continue throughout 2025 as growth-oriented corporations invest in office fit-outs to support their hybrid workplace policies." "Targeted investments to enhance employee experience will see an increased focus on workplace design, innovative technology solutions, and refurbishment opportunities amid growing interest in healthier, energy-efficient workspaces," he stated. Several factors are contributing to the current market dynamics. Supply chain disruptions in 2024 disproportionately affected the Middle East and North Africa, tightening project timeframes and escalating pricing. According to JLL, builders' works, which includes partitions, flooring, finishes, and joinery, typically accounts for the largest component of fit-out costs, ranging from 26% in Cairo and 36% in the UAE to 40% in Saudi Arabia. These costs are among the most susceptible to raw material prices and supply chain risks, it stated. Mechanical & Electrical (M&E) services now account for a higher proportion of office spend as stricter environmental and sustainability standards require more complex systems. Cairo (39%) ranks among the top cities globally for average proportion of costs per sqm for M&E services, while Dubai (30%) and Riyadh (29%) are on par with the global average cost of 29%. Technology integration is also pivotal to enhancing hybrid work environments across all office typologies, with companies in MEA investing in improved and extended AV systems. Gary Tracey, the Head of Project & Development Services UAE at JLL, said: "The demand for high-performance office spaces is intensifying in the UAE as stakeholders increasingly prioritise environmental considerations to drive asset value." "Offices that embrace innovative technologies and sustainable design principles and have higher levels of green certification command a premium, especially in Dubai. Investments to improve sustainability will mitigate future operational expenses, remaining highly attractive to tenants seeking modern, efficient workplaces," he added. JLL said the momentum for sustainable workplaces continues to surge in the region, driven by corporate commitments, evolving expectations, and stricter regulatory requirements. Companies are weighing the cost-benefits of relocation to newer Grade A buildings compared to upgrading existing assets. However, organisations in the region face challenges in meeting sustainability requirements due to limited suitable stock and high costs of upgrading older buildings. To address these challenges, early planning and integration of sustainability targets in relocation strategies and fit-out projects are crucial, it stated. Ahmed Hemmat, Head of Project & Development Services at JLL in Egypt, said: "In a climate of economic uncertainty, organisations that build flexibility and agility into planning will be better positioned to adapt their work settings to evolving workforce needs." "This also supports leasing decisions, as flex spaces optimise costs for landlords and occupiers and create a more engaging and productive work environment to support the needs of today's hybrid work model," he added. Despite the complex landscape of challenges and opportunities, office construction will remain active in the region. To ensure the success of fit-out initiatives, JLL recommends the need for greater collaboration and effective partnerships. From environmental and smart building systems to adaptive workspaces and settings, supply chain engagement is critical in managing costs and allowing for innovation in future-focused workspaces. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (


Zawya
11 hours ago
- Zawya
Innovating for Impact: Hansgrohe's exclusive evening on water-saving solutions
DUBAI, UNITED ARAB EMIRATES — Last week, architects, interior designers, and developers in the UAE gathered for an exclusive sustainability evening hosted by premium sanitaryware brands hansgrohe and AXOR. The event served as a powerful platform to spotlight Hansgrohe's unwavering commitment to water conservation and showcase its innovative, resource-saving solutions designed for the residential, hospitality, and leisure sectors. Held at the state-of-the-art Hansgrohe/AXOR showroom on Sheikh Zayed Road, the evening underscored Hansgrohe's ambitious goal: to equip 100% of its water-bearing products with resource-saving technologies by 2030. A significant stride towards this objective includes the commitment that 75% of its hand-held and overhead showers will feature EcoSmart technology by the end of 2025, promising a remarkable reduction in daily water consumption by up to 60%. Guests were immersed in Hansgrohe's dedication to sustainable innovation through key product showcases. These included Raindance Alive, an evolution of Hansgrohe's iconic shower series featuring EcoSmart technology for luxurious performance with minimal resource use, and the Zesis S Faucet with EcoSmart+ technology, which reduces water flow to just 4 liters per minute. Hansgrohe also introduced Hydraloop, a revolutionary greywater recycling system that can reduce household water consumption and wastewater emissions by up to 45%. This innovation underscores Hansgrohe's dedication to sustainable living and resource efficiency. Bens Ezhuthanavayalil, Hansgrohe's Head of New Ventures, reflected on the evening's success, stating, "It was a privilege to connect with key architects, designers, and developers shaping the region's future. These meaningful conversations reaffirmed our commitment to lead in water sustainability through innovation—growing together with our partners to protect our planet's most vital resource.' Representing Hansgrohe at the event were Ben Reed, Key Account Manager – Global Projects; Bens Ezhuthanavayalil, Head of New Ventures; and Fawzy Tello, Regional Sales Manager – MEA, Marija Cerauskaite, Marketing Manager – MEA along with the dedicated Dubai-based team. As the UAE continues to prioritize water as a finite resource and embed robust sustainability targets into its built environment, Hansgrohe is exceptionally well-positioned to drive the future of water solutions. Through this inspiring sustainability evening, Hansgrohe empowered the design community to embrace eco-conscious practices and redefine the possibilities of water-saving innovation. This strong commitment to sustainability has not gone unnoticed. The Hansgrohe Group has been awarded the Platinum Medal in the EcoVadis sustainability rating, the highest accolade for its sustainability performance. This places them among the top 1% of all 130,000 companies assessed. About the Hansgrohe Group – Setting the Beat of Water. Since 1901. With its brands AXOR and hansgrohe, the Hansgrohe Group, based in Schiltach/Southern Germany, enjoys a reputation as a leader in innovation, design and quality within the bath and kitchen industry. Founded in 1901 in the Black Forest, the company gives water form and function with its faucets, showerheads and shower systems. In combination with sanitary ceramics and bathroom furniture, the company offers individual design options from a single source for holistic bathroom experiences. The 124-year history of the company is marked by innovations, such as the first hand-held shower with multiple spray types, the first pull-out kitchen faucet, and the first wall bar to hold a hand-held company holds more than 23,000 active property rights. The Hansgrohe Group stands for long-lasting quality products and for responsibility towards people and the environment. Sustainable production of resource-conserving products is central to the company's business activities around the globe. By developing innovative technologies for faucets and showers, Hansgrohe achieves the greatest possible effect on protecting water as a resource and limiting and adapting to climate change during the usage phase of its products. As part of its consistent sustainability strategy, Hansgrohe is equipping all water-bearing products exclusively with water-saving technologies by 2030 within its "ECO 2030" initiative. With 35 subsidiaries and 22 sales offices supplying products in more than 145 countries, the globally active company in the sanitary industry is a reliable partner to its customers in all regions of the world. The Hansgrohe Group, its brands and products have won numerous awards, including more than 800 design prizes since 1974. The products of the Hansgrohe Group are found around the world: on renowned cruise ships, in luxurious 5-star and boutique hotels, in international metropolitan cities, in extraordinary spas, exclusive bathrooms of lodges and luxury villas, public facilities, as well as in countless private homes. The Hansgrohe Group's high quality standards are ensured by eight wholly-owned production facilities: four in Germany, one each in France, in Serbia, the United States and China. In 2024, the Hansgrohe Group generated a turnover of EUR 1.387 billion. It employs around 5,600 people worldwide, about 60 percent of whom work in Germany.