Socotra

Saudi Development and Reconstruction Program for Yemen Launches Energy and Water Projects in Socotra

Retrieved on: 
Thursday, June 11, 2020
Socotra Governorate, Geography of Asia, Western Asia, Countries, Guardafui Channel, Socotra, Hadibu, Yemen, United Arab Emirates takeover of Socotra, Outline of Yemen

SOCOTRA, Yemen, June 11, 2020 /PRNewswire/ -- The Saudi Development and Reconstruction Program for Yemen (SDRPY) has launched a package of development projects in Socotra Governorate for the activation and operation of the two power plants in Hadibu and Qulansiyah and the management of water resources.

Key Points: 
  • SOCOTRA, Yemen, June 11, 2020 /PRNewswire/ -- The Saudi Development and Reconstruction Program for Yemen (SDRPY) has launched a package of development projects in Socotra Governorate for the activation and operation of the two power plants in Hadibu and Qulansiyah and the management of water resources.
  • These stations, he explained, could be considered serious tributaries of development in the province.
  • The program is similarly dedicated to the production and management of water resources and has begun drilling 3 wells connected to the water network that serves about 30,000 beneficiaries.
  • These projects have helped create job opportunities, supporting the economy and touching on the actual needs of the Yemeni citizen.

Australia’s largest insurer partners with Socotra to power newly-launched direct-to-consumer product

Retrieved on: 
Monday, June 1, 2020
Economy, Finance, Money, IAG, Institutional investors, Types of insurance, Insurance, Socotra, Vehicle insurance

SAN FRANCISCO, June 01, 2020 (GLOBE NEWSWIRE) -- IAG , Australias largest general insurer, has announced that Socotras core platform is powering its recently-launched Poncho Insurance brand and new auto insurance product.

Key Points: 
  • SAN FRANCISCO, June 01, 2020 (GLOBE NEWSWIRE) -- IAG , Australias largest general insurer, has announced that Socotras core platform is powering its recently-launched Poncho Insurance brand and new auto insurance product.
  • Poncho Insurance was developed in 2019 by IAG Satellite to help Australians protect against the unexpected with an easier, simpler and more flexible car insurance product.
  • Socotra is an API-driven and cloud-native platform which provided IAG with the agility needed to build a product on-budget and with an accelerated timeframe.
  • Were pleased that IAG has chosen Socotra to power its vision for transforming insurance, said Socotra CEO and Founder Dan Woods.

SDRPY Launches Health and Education Sector Projects in Hadhramaut, Al-Mahra and Socotra Provinces

Retrieved on: 
Monday, April 27, 2020
Geography of Asia, Western Asia, Continents, Socotra Governorate, Governorates of Yemen, Guardafui Channel, Socotra, Yemen, Mahra, Seiyun

SDRPY also laid the foundation stone for a project to build a 9-classroom school in the city of Seiyun.

Key Points: 
  • SDRPY also laid the foundation stone for a project to build a 9-classroom school in the city of Seiyun.
  • On Thursday, SDRPY launched projects to furnish 32 schools in each of Al-Mahra and Socotra Governorates, serving more than 8,000 students annually in both provinces within the framework of SDRPY education sector support.
  • Mahrous noted other education projects that SDRPY was working on in the governorate, including construction of 4 schools and supply of textbooks to the Education Office, which he considered priority projects.
  • SDRPY supports the Yemeni governorates in vital and basic sectors, namely: health; education; electricity and energy; agriculture and fisheries; water; roads, ports and airports; and government entities.

SDRPY Launches Health and Education Sector Projects in Hadhramaut, Al-Mahra and Socotra Provinces

Retrieved on: 
Monday, April 27, 2020
Geography of Asia, Western Asia, Continents, Socotra Governorate, Governorates of Yemen, Guardafui Channel, Socotra, Yemen, Mahra, Seiyun

SDRPY also laid the foundation stone for a project to build a 9-classroom school in the city of Seiyun.

Key Points: 
  • SDRPY also laid the foundation stone for a project to build a 9-classroom school in the city of Seiyun.
  • On Thursday, SDRPY launched projects to furnish 32 schools in each of Al-Mahra and Socotra Governorates, serving more than 8,000 students annually in both provinces within the framework of SDRPY education sector support.
  • Mahrous noted other education projects that SDRPY was working on in the governorate, including construction of 4 schools and supply of textbooks to the Education Office, which he considered priority projects.
  • SDRPY supports the Yemeni governorates in vital and basic sectors, namely: health; education; electricity and energy; agriculture and fisheries; water; roads, ports and airports; and government entities.

SDRPY Provides Jobs to 300 Socotra Fishermen

Retrieved on: 
Monday, April 13, 2020
Spiders, Socotra Governorate, Fauna of Socotra, Salticidae, Arachnids, Landforms, Socotra

SOCOTRA, Yemen, April 13,2020 /PRNewswire/ -- In completion of a project to provide 100 boats to fishermen affected by hurricanes and tropical conditions, the Saudi Development and Reconstruction Program for Yemen (SDRPY) is distributing the second installment of fishing boats with modern engines in the Governorate of Socotra Archipelago.

Key Points: 
  • SOCOTRA, Yemen, April 13,2020 /PRNewswire/ -- In completion of a project to provide 100 boats to fishermen affected by hurricanes and tropical conditions, the Saudi Development and Reconstruction Program for Yemen (SDRPY) is distributing the second installment of fishing boats with modern engines in the Governorate of Socotra Archipelago.
  • 300 fishermen will benefit directly from this delivery, aimed at contributing to the recovery of the fishing sector, improving family incomes, advancing self-sufficiency to achieve sustainable food production, and increasing productivity.
  • Socotra Governor Ramzi Ahmed Mahrous, Saudi Forces Commander in Socotra Brigadier General Abdul Rahman bin Salman Al-Hajji, Socotra Security Director Colonel Faiz Al-Shathi, and Naval Commander Colonel Ali Salmin participated in the event in the presence of a number of local government leaders and military and security officials.
  • SDRPY operations are not limited to the fishermen of Socotra Archipelago, as the program has supplied 100 boats to fishermen in Al-Mahra Governorate as well.

SDRPY Provides Jobs to 300 Socotra Fishermen

Retrieved on: 
Monday, April 13, 2020
Spiders, Socotra Governorate, Fauna of Socotra, Salticidae, Arachnids, Landforms, Socotra

SOCOTRA, Yemen, April 13,2020 /PRNewswire/ -- In completion of a project to provide 100 boats to fishermen affected by hurricanes and tropical conditions, the Saudi Development and Reconstruction Program for Yemen (SDRPY) is distributing the second installment of fishing boats with modern engines in the Governorate of Socotra Archipelago.

Key Points: 
  • SOCOTRA, Yemen, April 13,2020 /PRNewswire/ -- In completion of a project to provide 100 boats to fishermen affected by hurricanes and tropical conditions, the Saudi Development and Reconstruction Program for Yemen (SDRPY) is distributing the second installment of fishing boats with modern engines in the Governorate of Socotra Archipelago.
  • 300 fishermen will benefit directly from this delivery, aimed at contributing to the recovery of the fishing sector, improving family incomes, advancing self-sufficiency to achieve sustainable food production, and increasing productivity.
  • Socotra Governor Ramzi Ahmed Mahrous, Saudi Forces Commander in Socotra Brigadier General Abdul Rahman bin Salman Al-Hajji, Socotra Security Director Colonel Faiz Al-Shathi, and Naval Commander Colonel Ali Salmin participated in the event in the presence of a number of local government leaders and military and security officials.
  • SDRPY operations are not limited to the fishermen of Socotra Archipelago, as the program has supplied 100 boats to fishermen in Al-Mahra Governorate as well.

Saudi Projects in Vital Sectors Advance Socotra Development

Retrieved on: 
Wednesday, January 29, 2020
Spiders, Fauna of Socotra, Salticidae, Geography of Asia, Arachnids, Guardafui Channel, Socotra Governorate, Socotra, Yemen, United Arab Emirates takeover of Socotra, Cyclone Mekunu

SOCOTRA, Yemen, Jan. 29, 2020 /PRNewswire/ --The Saudi Development and Reconstruction Program for Yemen (SDRPY) is implementing a series of vital projects in the Yemeni archipelago of Socotra in a variety of sectors, including water, energy, health, transportation, education and fisheries.

Key Points: 
  • SOCOTRA, Yemen, Jan. 29, 2020 /PRNewswire/ --The Saudi Development and Reconstruction Program for Yemen (SDRPY) is implementing a series of vital projects in the Yemeni archipelago of Socotra in a variety of sectors, including water, energy, health, transportation, education and fisheries.
  • The program also helps the island's residents during the cyclones and tropical storms that often strike Socotra and result in torrential rains and damaging floods.
  • In light of the shortage of water to homes and public facilities and frequent water cuts in Socotra Governorate, SDRPY has worked on a number of water resource management projects in the province.
  • SDRPY has established special energy resource management projects on Socotra, boosting the efficiency of the provincial electricity sector.

Saudi Projects in Vital Sectors Advance Socotra Development

Retrieved on: 
Wednesday, January 29, 2020
Spiders, Fauna of Socotra, Salticidae, Geography of Asia, Arachnids, Socotra Governorate, Guardafui Channel, Socotra, Yemen

SOCOTRA, Yemen, Jan. 29, 2020 /PRNewswire/ --The Saudi Development and Reconstruction Program for Yemen (SDRPY) is implementing a series of vital projects in the Yemeni archipelago of Socotra in a variety of sectors, including water, energy, health, transportation, education and fisheries.

Key Points: 
  • SOCOTRA, Yemen, Jan. 29, 2020 /PRNewswire/ --The Saudi Development and Reconstruction Program for Yemen (SDRPY) is implementing a series of vital projects in the Yemeni archipelago of Socotra in a variety of sectors, including water, energy, health, transportation, education and fisheries.
  • In light of the shortage of water to homes and public facilities and frequent water cuts in Socotra Governorate, SDRPY has worked on a number of water resource management projects in the province.
  • SDRPY has established special energy resource management projects on Socotra, boosting the efficiency of the provincial electricity sector.
  • SDRPY facilitates the movement of people in Socotra during cyclones and storms, operating all necessary machinery and equipment and mobilizing program specialists.

Socotra Raises $15.2 Million in Series B Funding to Transform Insurance IT

Retrieved on: 
Thursday, January 23, 2020
Economy, Finance, Money, Insurance, Insurance industry, Startup company, Socotra

This round of funding caps off a total of $26 million raised in 15 months and highlights strong investor interest in technology that transforms the way insurance products are created and scaled.

Key Points: 
  • This round of funding caps off a total of $26 million raised in 15 months and highlights strong investor interest in technology that transforms the way insurance products are created and scaled.
  • We chose Socotra as our first anchor investment because of their clear vision and impressive execution in modernizing the insurance industry.
  • Brewer Lane Ventures and Portag3 Ventures have remarkably deep insurance expertise so they immediately recognized what Socotra means for the insurance industry.
  • Using our deep knowledge of the insurance and financial services industries, we invest in startups that will transform the market for companies and consumers alike.

Delivery of Second Monthly Installment of Saudi Oil Derivatives to Yemen Completed

Retrieved on: 
Sunday, December 9, 2018
Geography of Asia, Gulf of Aden, Governorates of Yemen, Historical regions, Western Asia, Yemeni Crisis, Yemen, Mazut, Mukalla, Aden, Hadhramaut, Socotra

RIYADH, Saudi Arabia, Dec. 10, 2018 /PRNewswire/ --Delivery of the second monthly installment of oil derivatives to Yemen under a Saudi royal decree began with the arrival of a diesel shipment on 30 November and was completed when the final mazut shipment arrived at Aden port on 8 December.

Key Points: 
  • RIYADH, Saudi Arabia, Dec. 10, 2018 /PRNewswire/ --Delivery of the second monthly installment of oil derivatives to Yemen under a Saudi royal decree began with the arrival of a diesel shipment on 30 November and was completed when the final mazut shipment arrived at Aden port on 8 December.
  • The Saudi Development and Reconstruction Program for Yemen (SDRPY) delivered a total of 97,000 tons of fuel oil in the second installment, including 65,000 tons of diesel and 32,000 tons of mazut, designated for 64 electricity-generating plants in 10 governorates in southern, central, north-central and eastern Yemen.
  • The Aden Refinery Company is distributing the fuel to the governorates of Hadhramaut, Shabwa, Al-Jawf, Marib, Al-Mahra, Abyan, Aden, Lahij, Socotra and Taiz.
  • The deliveries follows the first monthly installment of 87,000 tons that arrived in Aden and Mukalla in October and November.