Latest news with #SAR500
Leaders
5 days ago
- Business
- Leaders
Mawani, Petrotank Sign SAR500M Agreement for Refueling Hub at KFIP
The Saudi Ports Authority (Mawani) has signed a land lease agreement with the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) to develop an integrated ship refueling center at King Fahad Industrial Port in Yanbu. Spanning 110,700 square meters, the project represents a SAR500 million investment over 20 years. The agreement was formalized by officials from both organizations and forms part of Mawani's broader strategy to enhance the competitiveness of Saudi ports. The facility will feature fuel and oil storage tanks—critical infrastructure for delivering advanced logistics services to vessels, boosting maritime traffic, and strengthening the Kingdom's global port positioning. 'This partnership with Petrotank demonstrates our ongoing commitment to expanding port services and improving operational efficiency,' said Eng. Suliman Almazroua, President of Mawani. 'It reflects our efforts to reinforce the role of Saudi ports in line with the goals of the National Transport and Logistics Strategy.' Kingdom's Vision 2030 The new refueling hub is expected to significantly elevate fuel storage and bunkering capabilities, making Saudi ports more attractive to global shipping lines. It also supports the Kingdom's Vision 2030, which aims to develop Saudi Arabia into a world-class logistics center. Petrotank already operates an existing fuel station at King Fahad Industrial Port, equipped with eight tanks offering a combined storage capacity of 114,000 cubic meters. Additionally, this facility continues to play a key role in vessel support services. King Fahad Industrial Port in Yanbu is a major maritime gateway on the Red Sea, known for its ability to handle refined products and petrochemicals. Finally, the port covers 6.8 square kilometers, features 34 berths and 10 terminals, and boasts a total handling capacity of up to 210 million tons. Related Topics : Mawani Adds 'MXS1' Shipping Service of 'Silmar Group' Company to Jeddah Port 'Milaha Gulf Express 2': Mawani Announces New Shipping Service Affairs of Two Holy Mosques Launches Tawaf, Sa'i Travel Experience AlUla Wins Best Sustainable Pavilion Award at Arabian Travel Market 2024 Short link : Post Views: 16
Leaders
26-05-2025
- Entertainment
- Leaders
Saudi Arabia Launches ‘Cultural Innovation Challenge' for Policies Design
Saudi Arabia's Ministry of Culture has launched the 'Cultural Innovation Challenge (POLICYTHON),' to engage people in a policy design hackathon, according to the Saudi Press Agency. The hackathon will bring together various national talents and international experts from all over the world. Under the auspicious of Minister of Culture Prince Bader bin Abdullah bin Farhan, the 'Cultural Innovation Challenge,' significantly focuses on elevating the design skills of cultural policies. Therefore, it will make a real difference in fostering the growth of Saudi cultural sector and achieving comprehensive and sustainable development. With a special focus on introducing solutions and policies, the hackathon targets innovators, entrepreneurs, academic researchers, public policy professionals, university students, the cultural public, government employees, and other relevant groups. Interestingly, the ministry has dedicated a total prize pool surpassing SAR500,000 for the winners. Those who are interested in taking part at the competition can register from now until mid-June, through the following link: Detail – MOC Related Topics: University of Jeddah Secures 1st Place at Harvard Health Hackathon Over 400 Participants Compete to Drive Innovation in Injaz Hackathon Saudi Culture Ministry Launches Crafts Hackathon As Part of Year of Handicrafts Short link : Post Views: 14
Mid East Info
20-05-2025
- Automotive
- Mid East Info
Saudi Signage & Labelling Expo opens today for its 2nd edition, spotlighting 2,500 products and solutions - Middle East Business News and Information
Live car wrapping, real-time product demos and the new Label It competition promise an engaging visitor experience across three days Explore over 2,500 products and solutions ranging from wide-format printers and LED displays to packaging automation, recycling equipment and labelling solutions, all under one roof Saudi Signage & Labelling Expo opens today in Riyadh for its second edition, co-located with the inaugural Saudi Paper & Packing Expo. Running until 22 May 2025 at the Riyadh International Convention & Exhibition Center (RICEC), the events arrive at a time of continued industry growth driven by infrastructure investments, a growing retail sector and a demand for modern, sustainable product solutions. The event will host over 14,000 visitors from retail, real estate, tourism, entertainment and hospitality sectors, fuelling demand for signage, labelling, paper and packaging solutions in Saudi Arabia. Diversity in product sectors Bringing over 150 top-tier brands from more than 15 countries, including Belgium, China, France and Türkiye, the exhibition presents over 2,500 products. Visitors will explore a diverse range of products and solutions across signage, printing, labelling, packaging automation, paper recycling and waste equipment as well as paper machinery and equipment, addressing the evolving market demands. Live car wrapping and printing in action Among the major features at this year's edition are the live car wrapping and real-time printing demonstrations, offering attendees a chance to witness industry skills and product capabilities first-hand. Some of the key brands showcasing live demos of their solutions, latest machinery, materials and wrapping techniques include CMYK, Digital Star Machinery & Equipments, Euro Media, WellCare Trading Company, City Sign Trading Services and Al Rish Al Khaleeji. Product demos enhance hands-on learning Visitor will witness first-hand live product demonstrations from participating companies, including Gulf Sparrows Trading Company – BLUERHINE, a leading distributor of signage, advertising and LED solutions; Desert Sign Arabia, a leading distributor of a wide range of advertisement, sign and graphics supplies, equipment and machinery; and Alnab Almoudei Trading, a leading supplier for advertising materials, display stands, and more. These demos offer a close-up view of new technologies in action, showcasing printing hardware, digital signage, packaging and labelling systems in real-time. Label It: A fast-paced labelling competition Elsewhere on the exhibition floor, Label It, developed in collaboration with Lawazen Trading Group, will challenge participants to test their speed and accuracy in a high-pressure labelling showdown. Held throughout the three-day event, this interactive challenge invites visitors to race against time to match product labels to their correct containers. Winners stand a chance to earn gift vouchers worth SAR500 and the title of Labelling Champion. 'We're proud to return with the second edition of Saudi Signage & Labelling Expo. This year promises three engaging days where we look forward to welcoming buyers who are ready to explore new ideas, opportunities and partnerships,' said Muhammed Kazi, Senior Vice President – Construction, dmg events. Visitor registration for the free-to-attend event remains open at Entry is restricted to visitors aged 18 and above.
