Latest news with #AstroLabs
Zawya
24-07-2025
- Business
- Zawya
US-based Allrig expands in Saudi to boost energy efficiency
US-based Allrig, a global asset management firm serving the energy sector, has expanded its operations in Saudi Arabia by expanding its existing office in Al Khobar. This move is supported by AstroLabs, the Gulf's leading business expansion platform. Allrig's expansion builds on its established presence in Saudi Arabia, having operated in the Kingdom for nine years through Aramco-approved partnerships. In 2024, the company supported operations across over 50 rigs, delivering critical compliance and maintenance services. Allrig has offices in Asia Pacific, India, the Middle East & Africa, Europe, Brazil, and Mexico, offering specialised services such as jacking system overhauls, derrick remedial works, and drilling equipment recertifications. Allrig stated it holds Aramco approvals for CNDT and Below-the-Hook inspections, enhancing its technical capabilities and trusted presence within the Kingdom. "Allrig has been active through partnerships in the Kingdom since 2016. As part of Allrig's continued commitment to excellence and growth in the Middle East and especially the Kingdom of Saudi Arabia, we are excited to deepen our presence in Saudi Arabia," said Robert McInnes, CEO of Allrig. "With years of experience in the region, we are focused on expanding our operational capacity, strengthening our partnerships, and contributing to the Kingdom's ambitious Vision 2030 objectives. Our expertise in offshore drilling equipment and services, coupled with a dedicated local team, positions Allrig as a reliable partner in the country's energy sector,' McInnes added. "Allrig's expansion into Saudi Arabia demonstrates full commitment and readiness to contribute to the country's sustainable economic growth by playing a vital role in maximising the value of natural assets in alignment with Vision 2030 objectives," commented Alex Nicholls, director of expansion at AstroLabs. -OGN / TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
11-07-2025
- Business
- Zawya
UK's 36Zero enters Saudi market to lead giga project digitalisation
Saudi Arabia - 36Zero, a UK-based technology company transforming construction, mining, and oil & gas operations through AI and IoT solutions, has announced its expansion into Saudi Arabia, with support from AstroLabs, the Gulf's leading business expansion platform. While it has been actively engaged with the Saudi market, 36Zero's expansion, marked by the launch of its Riyadh office, represents a milestone in its long-term commitment to reshaping the future of construction and urban development. The company, which has a major presence in Spain and UAE, had stepped into the kingdom early on, establishing a strong foothold by serving a range of giga projects like NEOM and New Murabba, said 36Zero in a statement. This first-mover advantage enabled 36Zero to establish a dominant market position amid widespread demand for its solutions across large-scale developments. The company's long-standing list of relationships and partners includes Oracle and AtkinsRealis, and also major Saudi public and private sector entities, including the Public Investment Fund (PIF), Shamal Technologies, and WhiteHelmet, among others, said the statement. With a proven track record in digitising labour mobilisation, project cost control, worker safety, and welfare management for large-scale infrastructure projects, 36Zero's platform is geared to support over 1 million migrant workers in Saudi Arabia, it added. On the Saudi expansion, Founder and CEO David Redmond, said: "As a world leader in workforce management and HSE, 36Zero has set its sights on Saudi Arabia as a strategic market for its operations and global client base." "With a massive $1 trillion active infrastructure project pipeline, KSA gives us a unique opportunity to drive greater scale and become the forefront of the digital transformation of heavy industries, including construction, by continuously delivering measurable improvements in project delivery, cost control, and workforce protection," he stated. "We are deeply grateful to UK Export Finance (UKEF), the Department of Business & Trade, and the Saudi British Joint Business Council (SBJBC) for their unwavering support, as well as AstroLabs, which has been an invaluable expansion partner, helping us fast-track our entry into this strategic market," stated Redmond. "With the establishment of our new hub in the heart of Riyadh, we reaffirm our commitment to supporting giga project stakeholders and PIF-led companies as we contribute to the goals of Vision 2030," he added. The new office brings 36Zero closer to its existing clients while creating new opportunities to unlock new industry verticals and untapped markets. As it embarks on its journey in Saudi Arabia, 36Zero said it plans to forge new partnerships with industry giants such as Aramco, Ma'aden, and the Diriyah Company next year. Leveraging its partnership with AstroLabs, the Gulf's leading business expansion platform that enables businesses to set up and operate in Saudi Arabia, 36Zero is poised to accelerate local hiring, supplier onboarding, and project delivery. "With a history of first-to-market product innovation, a vastly experienced leadership, and growing market demand, 36Zero is positioned to deliver major enhancements in productivity, operational efficiency, and safety compliance in Saudi Arabia's most strategic sectors, ensuring the success and sustainability of large-scale projects planned as part of Vision 2030," remarked Alex Nicholls, Director of Expansion at AstroLabs. Founded to address critical gaps in construction project management and worker safety, 36Zero offers an integrated approach to enhancing risk management systems through a platform that delivers real-time visibility into project optimization and workforce management. 36Zero's Saudi expansion comes at a particularly pivotal time, as the kingdom gears up to host world events such as Riyadh Expo 2030 and the 2034 FIFA World Cup, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
30-06-2025
- Business
- Zawya
Italy's Pronur enters Saudi Arabia to boost energy sector
Riyadh – Italy-based Pronur has launched its business in Saudi Arabia to advance renewable energy solutions across the Kingdom, according to a press release Established in 2021, Pronur works with major local and global entities, including EDISON, Webuild Group's NBI, and GETEC. The launch, facilitated by AstroLabs, aligns with its commitment to deploying advanced technical solutions for renewable energy, energy efficiency, and sustainable resource management. Hatem Shahwan, CEO of Pronur, commented: 'Our entry into the Saudi market marks an extraordinary opportunity, perfectly aligned with the Kingdom's vision for a sustainable and inclusive future, as outlined in Vision 2030.' Alex Nicholls, director of expansion at AstroLabs, stated: 'PRONUR's recent entry into Saudi Arabia is forging new pathways for the renewable energy transition. PRONUR is at the forefront of delivering the essential infrastructure required to decarbonize hard-to-abate sectors and achieve the Kingdom's climate targets.' 'This signifies PRONUR's clear commitment to advance Saudi Arabia's efforts to achieve Net-Zero emissions by 2060,' Nicholls added. Meanwhile, the Saudi energy development plan aims to lower dependence on fossil fuels and support the diversification of the national energy mix. On its part, Pronur will be able to accelerate the energy transition, develop sustainable solutions, expand strategic partnerships, and promote environmental awareness. Earlier this month , AstroLabs supported UK-based vendor delivery infrastructure (VDI) platform NayaOne's entry into Saudi Arabia to reinforce the Kingdom's financial ecosystem.
Fintech News ME
17-06-2025
- Business
- Fintech News ME
UK's NayaOne Launches Saudi's First Fully Hosted Fintech Infrastructure Platform
UK-based fintech infrastructure provider NayaOne has launched Saudi Arabia's first fully Saudi-hosted Vendor Delivery Infrastructure (VDI) platform, supported by regional business expansion specialist AstroLabs. The launch marks NayaOne's official entry into the Saudi market and is designed to support financial institutions, including banks, insurers, and fintechs, in developing, testing, and deploying products within weeks. Backed by the UK's Department for Business and Trade (DBT), the Saudi-hosted platform connects local institutions to both the domestic technology ecosystem and NayaOne's global network. The platform provides access to synthetic data assets and modular testing environments aimed at reducing proof-of-concept cycles from months to days, while maintaining compliance and security standards. NayaOne, which recently partnered with the UK's Financial Conduct Authority (FCA) and Nvidia to provide infrastructure for a new AI sandbox, is now expanding its presence in the Gulf. The company sees this development as a key milestone in strengthening UK-Saudi ties in fintech. 'Hosting our platform inside the Kingdom removes data-sovereignty friction and lets institutions move from idea to execution in weeks,' said Karan Jain, NayaOne's Founder and CEO. 'We are grateful to have flagship clients, partners like AstroLabs, support from the KSA ecosystem, and encouragement from the UK Government to grow our impact globally. At NayaOne, we look forward to helping other UK businesses who are interested in operating in KSA.' Several Saudi financial institutions and fintech firms are already using the sandbox to test applications in areas such as embedded finance, SME lending, cybersecurity, remittances, and AI. Additional participants are expected to join, further embedding the VDI platform as part of the country's financial innovation infrastructure. UK Minister for Investment Baroness Gustafsson CBE said: 'The UK is home to some of the best tech businesses in the world, so I'm delighted that NayaOne will help boost financial innovation in KSA, reflecting the strength of UK-Saudi collaboration in digital and financial innovation. Our upcoming modern Industrial Strategy will be international from the start, working and deepening our partnerships with countries like Saudi Arabia to support our economic growth.'
Zawya
17-06-2025
- Business
- Zawya
UK-based NayaOne enters Saudi fintech market
Riyadh – NayaOne, a UK-based vendor delivery infrastructure (VDI) platform, has marked its entry into Saudi Arabia with support from AstroLabs, according to a press release. NayaOne launched the Kingdom's first fully Saudi-hosted platform, allowing banks, insurers, and fintechs to design, test, and introduce products in weeks. This supports the Saudi Vision 2030's goal of creating a digitally advanced and inclusive financial ecosystem. Backed by the UK's Department for Business and Trade (DBT), this launch provides Saudi institutions access to the local tech ecosystem as well as the wider NayaOne ecosystem globally. This expansion marks a milestone in UK-Saudi fintech collaboration, bridging British innovation with Saudi market momentum. Karan Jain, Founder and CEO of NayaOne, commented: 'Hosting our platform inside the Kingdom removes data-sovereignty friction and lets institutions move from idea to execution in weeks.' Baroness Gustafsson, UK Minister for Investment, said: 'The UK is home to some of the best tech businesses in the world, so I'm delighted that NayaOne will help boost financial innovation in KSA, reflecting the strength of UK-Saudi collaboration in digital and financial innovation. Gustafsson added: 'Our upcoming modern Industrial Strategy will be international from the start, working and deepening our partnerships with countries like Saudi Arabia to support our economic growth.' Commenting on NayaOne's expansion, Alex Nicholls, Director of Expansion at AstroLabs, mentioned: 'NayaOne's expansion will accelerate the development of a new subset of products that meet the demands of a fast-moving market and support financial inclusion.' Nicholls noted: 'With its newly launched hub in Riyadh, NayaOne is uniquely positioned to deliver a greater impact by fostering closer partnerships with leading FIs and fintech innovators in Saudi Arabia, making it a powerful catalyst for innovation within the local financial services and banking sector.' Saudi Arabia's fintech market recorded remarkable growth over recent years, supported by government initiatives, regulatory support, and increasing needs for financial services. Hence, fintech is expected to reach a market value of $87 billion in 2029, up from $64 billion in 2024.
