Saudi Vision 2030

LONGi to supply Larsen & Toubro with modules for projects in Saudi Arabia

Retrieved on: 
Thursday, December 1, 2022

DUBAI, UAE, Dec. 1, 2022 /PRNewswire/ --LONGi has announced an agreement to provide 1292MW of PV modules to Larsen & Toubro (L&T) for two solar projects under construction in Saudi Arabia.

Key Points: 
  • DUBAI, UAE, Dec. 1, 2022 /PRNewswire/ --LONGi has announced an agreement to provide 1292MW of PV modules to Larsen & Toubro (L&T) for two solar projects under construction in Saudi Arabia.
  • Both projects are in line with Saudi Vision 2030, which intends to expand renewable energy's contribution to the Kingdom's energy mix.
  • "LONGi, with its high quality products, has been a long-term solutions provider to L&T and we hugely value our relationship", added Mr. Ravindran.
  • We look forward to reaching closer levels of cooperation on further projects across India and the Middle East."

EQS-News: beaconsmind AG strengthens market position in the Middle East: beaconsmind's LBM solution to have a significant contribution towards Saudi Arabia's “Vision 2030”

Retrieved on: 
Monday, November 28, 2022

beaconsmind AG strengthens market position in the Middle East: beaconsmind's LBM solution to have a significant contribution towards Saudi Arabia's Vision 2030

Key Points: 
  • beaconsmind AG strengthens market position in the Middle East: beaconsmind's LBM solution to have a significant contribution towards Saudi Arabia's Vision 2030
    The issuer is solely responsible for the content of this announcement.
  • Through the cooperation, beaconsmind supports Saudi Arabia in the implementation of the "Vision 2030".
  • Through the cooperation with BIAC, beaconsmind now also opens up the government sector and significantly expands its business activities.
  • Founded in 2015 in Switzerland, beaconsmind AG is a pioneer in the field of location-based marketing (LBM) software for retail chains.

mCloud Announces Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, November 15, 2022

mCloud saw a decline in total revenues in Q3 2022, with Q3 2022 total revenues at C$2.9 million for the quarter compared to C$7.4 million in Q3 2021.

Key Points: 
  • mCloud saw a decline in total revenues in Q3 2022, with Q3 2022 total revenues at C$2.9 million for the quarter compared to C$7.4 million in Q3 2021.
  • As a result, Agnity results are consolidated to July 29. mCloud expects cumulative profit and loss results for the fiscal year ended December 31, 2022 to include Agnity items up to July 29.
  • As a result of the actions taken in Q3 2022, it is expected direct expenses in the fourth quarter ending December 31, 2022 ("Q4 2022") will be significantly lower compared to direct expenses in Q3 2022.
  • The Company will host a conference call at 10:00am EST on November 15, 2022 to discuss the financial results.

mCloud Adds Global Sustainability and Saudi Vision 2030 Leader Dina Alnahdy to Board of Directors

Retrieved on: 
Monday, November 14, 2022

Alnahdy is a sought-after Saudi executive, leader, and board member passionate about innovation, the environment, and sustainable business.

Key Points: 
  • Alnahdy is a sought-after Saudi executive, leader, and board member passionate about innovation, the environment, and sustainable business.
  • Currently, Alnahdy is Founding Board Member and CEO of ENTEC Environmental Technology, a national consulting and environmental service company based in Jeddah.
  • Alnahdy serves as a Board Member at the Jeddah Chamber of Commerce and Industry with appointments to the Chamber's Executive Committee and Industrial Sectorial Council.
  • Alnahdy also remarked on joining mCloud's Board of Directors:
    "I look forward to working closely with Russ, the mCloud leadership team, and the Company's Board of Directors.

Riyadh to Host Global Fintech Experts as the Kingdom Ramps Up to Transform into a Truly Digital Economy

Retrieved on: 
Friday, November 11, 2022

World Fintech Show is a thought-leadership-driven, business-focused event that deep dives into the latest challenges and technology trends in Saudi Arabia's financial services sector.

Key Points: 
  • World Fintech Show is a thought-leadership-driven, business-focused event that deep dives into the latest challenges and technology trends in Saudi Arabia's financial services sector.
  • The show will highlight Saudi Arabia's thriving fintech ecosystem and explore some of the core fintech areas.
  • The Saudi edition of World Fintech Show will gather top minds in the global and regional fintech space under a single roof.
  • World Fintech Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

mCloud Announces Upsize of Common Share Offering to $18 Million with Strategic Investors

Retrieved on: 
Thursday, November 10, 2022

The Company expects to use the net proceeds of the Offering to accelerate the deployment of the Company's sustainability and decarbonization capabilities on Google Cloud.

Key Points: 
  • The Company expects to use the net proceeds of the Offering to accelerate the deployment of the Company's sustainability and decarbonization capabilities on Google Cloud.
  • "I am pleased by the strong interest we are seeing in this Offering.
  • It is a testament to the strength of our strategic alignment with Saudi Vision 2030 and key customers such as Aramco.
  • The securities issued under the Offering will be subject to a four-month hold period in accordance with applicable securities legislation.

Saudi Diesel Embraces Cloud-based ERP to Support Equipment and Power Generation Market

Retrieved on: 
Wednesday, November 9, 2022

AL KHOBAR, Saudi Arabia, Nov. 9, 2022 /PRNewswire/ -- Infor®, the industry cloud company, today announced that Saudi Diesel Equipment Co. (SDEC), the Al Khobar, Saudi Arabia-based leader in diesel power generation, transportation and support equipment manufacturing, is migrating its existing deployment of Infor M3 on-premises to Infor CloudSuite Equipment, enabling it to improve and automate business processes — particularly for its remote field service workforce — raise efficiency, and boost its ability to innovate. The move to the cloud forms part of SDEC's wider digital transformation project, Digi-Step, and will be invaluable as the company scales its operations to support strong demand for equipment, machinery, and power generators across a range of sectors in Saudi Arabia.

Key Points: 
  • The company manufactures and provides general and bespoke diesel power generators, in addition to other accessories and solutions for construction, lifting, and concrete production.
  • Saudi Diesel Equipment Co. (SDEC) was established in 1978, and was formerly known as Saudi Diesel Generators Co. Saudi Diesel Equipment Co. is part of the Abduljawad Group of Companies.
  • Today SDEC's portfolio has expanded to include construction equipment, lifting & concrete equipment, parts & attachments, and equipment rentals.
  • Over 60,000 organizations in more than 175 countries rely on Infor's 17,000 employees to help achieve their business goals.

The Kingdom of Saudi Arabia's Communications, Space and Technology Commission Welcomes E-Space to Enter the Saudi Market

Retrieved on: 
Wednesday, November 9, 2022

RIYADH, Saudi Arabia, Nov. 9, 2022  /PRNewswire/ -- (Connecting the World from the Skies Conference) -- E-Space, a global space company focused on bridging Earth and space with the world's most sustainable low Earth orbit (LEO) network, today announced that the Kingdom of Saudi Arabia's Communications, Space and Technology Commission (CST) has now listed E-Space in their new Satellite Registry to land communications traffic in the Kingdom. This is a critical step that will allow E-Space to deliver its innovative, space-based, smart internet of things (Smart-IoT) solutions in a key economy in the Middle East.

Key Points: 
  • This is a critical step that will allow E-Space to deliver its innovative, space-based, smart internet of things (Smart-IoT) solutions in a key economy in the Middle East.
  • The Kingdom recently revamped its regulatory framework for non-terrestrial networks (NTN), which includes the promotion and entry of global satellite operators.
  • We believe space innovation should unlock efficiency and productivity gains, in alignment with the Kingdom's interest to advance its space ecosystem, bring innovative and disruptive space capabilities to its market and meet goals outlined in Saudi Vision 2030."
  • All rights reserved.E-Space and the E-Spacelogo are trademarks ofESpace, Inc.All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

The Kingdom of Saudi Arabia's Communications, Space and Technology Commission Welcomes E-Space to Enter the Saudi Market

Retrieved on: 
Wednesday, November 9, 2022

RIYADH, Saudi Arabia, Nov. 9, 2022  /PRNewswire/ -- (Connecting the World from the Skies Conference) -- E-Space, a global space company focused on bridging Earth and space with the world's most sustainable low Earth orbit (LEO) network, today announced that the Kingdom of Saudi Arabia's Communications, Space and Technology Commission (CST) has now listed E-Space in their new Satellite Registry to land communications traffic in the Kingdom. This is a critical step that will allow E-Space to deliver its innovative, space-based, smart internet of things (Smart-IoT) solutions in a key economy in the Middle East.

Key Points: 
  • This is a critical step that will allow E-Space to deliver its innovative, space-based, smart internet of things (Smart-IoT) solutions in a key economy in the Middle East.
  • The Kingdom recently revamped its regulatory framework for non-terrestrial networks (NTN), which includes the promotion and entry of global satellite operators.
  • We believe space innovation should unlock efficiency and productivity gains, in alignment with the Kingdom's interest to advance its space ecosystem, bring innovative and disruptive space capabilities to its market and meet goals outlined in Saudi Vision 2030."
  • All rights reserved.E-Space and the E-Spacelogo are trademarks ofESpace, Inc.All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

One-million-dollar global Omnipreneurship Awards Challenge to drive innovation in sustainable food production

Retrieved on: 
Tuesday, November 8, 2022

The challenge seeks innovative technological solutions to enable the transition from imported corn and soy-based feed towards sustainable, nature-positive, and locally produced feed raw materials, to contribute to local production by obtaining renewable and sustainable feed sources.

Key Points: 
  • The challenge seeks innovative technological solutions to enable the transition from imported corn and soy-based feed towards sustainable, nature-positive, and locally produced feed raw materials, to contribute to local production by obtaining renewable and sustainable feed sources.
  • Tanmiah consumes over 300,000 metric tons of feed currently, where 100% are imported.
  • Tanmiah's CEO, Zulifqar Hamadani, highlighted, "The Omnipreneurship Awards Sustainability Challenge is another critical step that we are taking towards our strategic goal of becoming a carbon-neutral organization.
  • For those interested in participating in the 2022 Omnipreneurship Awards Challenge and looking to showcase their innovative ideas for sustainable production and use of poultry feed, please register using the following link: https://www.omnipreneurshipawards.com/ .