KAEC

GCC Elevator and Escalator Market Analysis and Growth Forecasts Report, 2023 and 2024-2029: Increased Infrastructure, Industrial, and Transport Sector Investments to Surge in New Installations - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 21, 2024
Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Machinery, Building Systems, Engineering, Other Construction & Property, Manufacturing, Cloud, Civil defense, Cloud computing, Wilayah, MENA, ThyssenKrupp, Tourism, Growth, Gulf Cooperation Council, GCC, Food, AFC Asian Cup, KAEC, Special economic zone, KACST, Science, SASO, Travel

The "GCC Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "GCC Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • Otis, Schindler, TK Elevator, and KONE are the top 4 manufacturers in the GCC elevator and escalator market, with a share of 61%.
  • Saudi Arabia has recently launched four new special economic zones (SEZs) to promote growth in key sectors such as advanced manufacturing, cloud computing, and medical technology.
  • Aligned with the Saudi Vision 2030, these SEZs are expected to boost construction projects and infrastructure development, further supporting the growth of the GCC elevator and escalator market.

Lucid Group Makes History in Saudi Arabia as it Opens Country's First-Ever Car Manufacturing Facility

Retrieved on: 
Wednesday, September 27, 2023
Alleged Saudi government role in the September 11 attacks, Workforce, Saudi, Vision 2030, Public Investment Fund, SKD, Lucid Air, Human Resources Development Fund, Government, Organization, Lucid, Ministry of Investment, Lucid Motors, Atmosphere of Earth, CBU, Growth, SIDF, MISA, Arms industry, Management, King Abdullah Economic City, KAEC, Kingdom

Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.

Key Points: 
  • Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.
  • KING ABDULLAH ECONOMIC CITY, Saudi Arabia, Sept. 27, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for the luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, has officially opened the first-ever car manufacturing facility in Saudi Arabia.
  • As Lucid's second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid's groundbreaking electric vehicles for Saudi Arabia and export to other markets.
  • "We are delighted to make history today in Saudi Arabia by opening the country's first car manufacturing facility, which will produce our award-winning electric vehicles and support the country's vision for a more sustainable and diversified economy," said Peter Rawlinson, CEO and CTO, Lucid Group.

Lucid Group Makes History in Saudi Arabia as it Opens Country's First-Ever Car Manufacturing Facility

Retrieved on: 
Wednesday, September 27, 2023
Alleged Saudi government role in the September 11 attacks, Workforce, Saudi, Vision 2030, Public Investment Fund, SKD, Lucid Air, Human Resources Development Fund, Government, Organization, Lucid, Ministry of Investment, Lucid Motors, Atmosphere of Earth, CBU, Growth, SIDF, MISA, Arms industry, Management, King Abdullah Economic City, KAEC, Kingdom

Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.

Key Points: 
  • Lucid Group commences assembly of Lucid Airs in its new Advanced Manufacturing Plant, AMP-2, its first international manufacturing facility, strategically located in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia.
  • KING ABDULLAH ECONOMIC CITY, Saudi Arabia, Sept. 27, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for the luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, has officially opened the first-ever car manufacturing facility in Saudi Arabia.
  • As Lucid's second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid's groundbreaking electric vehicles for Saudi Arabia and export to other markets.
  • "We are delighted to make history today in Saudi Arabia by opening the country's first car manufacturing facility, which will produce our award-winning electric vehicles and support the country's vision for a more sustainable and diversified economy," said Peter Rawlinson, CEO and CTO, Lucid Group.

Budget Saudi Reports Stellar Performance in Q2 2023 with Significant Growth in Long-Term Lease and Short-Term Rentals

Retrieved on: 
Monday, August 21, 2023
Surat high-speed railway station, Airport, City, Growth, KAEC, Kingdom, Transport, Management, Q2

Riyadh, Saudi Arabia--(Newsfile Corp. - August 21, 2023) - Budget Rent a Car Saudi Arabia (United International Transportation Co.) ( www.budgetsaudi.com ) is proud to announce its robust performance in the second quarter of 2023, underpinned by a marked increase in sales from long-term lease and short-term rentals.

Key Points: 
  • Riyadh, Saudi Arabia--(Newsfile Corp. - August 21, 2023) - Budget Rent a Car Saudi Arabia (United International Transportation Co.) ( www.budgetsaudi.com ) is proud to announce its robust performance in the second quarter of 2023, underpinned by a marked increase in sales from long-term lease and short-term rentals.
  • One of the most notable achievements of Q2 has been the increased profitability from the sales of used cars, further demonstrating the strength and efficiency of Budget Saudi's business model.
  • With plans to further extend its presence in more cities by the end of the year, Budget Saudi is aiming to redefine transportation solutions across the Kingdom.
  • For a detailed insight into Budget Saudi's Q2 2023 performance, please visit the Investor Relations section at www.budgetsaudi.com/en/Investor-Relations .

Leading by example with world class digital infrastructure hub

Retrieved on: 
Tuesday, July 25, 2023
Data infrastructure, Telecom, Memorandum of understanding, Telecommunications, Information technology, Internet, ICT, Data, Sport, Digital, MCIT, FMCG, Vision 2030, Tourism, As-salamu alaykum, The Digital Hub, DAMAC, Service, KSA, USD, Human voice, Cloud computing, King Hussein Business Park, Growth, EEC, Emaar Properties, Integrated Telecom Company, Carrier, Royal Greens Golf & Country Club, Government, Ministry, Party, MOU, Communication, Data center services, Partnership, Public Investment Fund, World Bank, Fixed, Jewish International Connection of New York, King Abdullah Economic City, Saudi Vision 2030, Internet service provider, Retail, Arms industry, Haram (site), KAEC, Kingdom

DUBAI, UAE, July 25, 2023 /PRNewswire/ -- Integrated Telecom Co. Ltd. ("Salam") a fully licensed Fixed, Mobile, Data and Voice services provider that owns telecommunications infrastructure across the Kingdom of Saudi Arabia ("KSA") has teamed up with Khazzan Information Technology Co. ("EDGNEX Data Centres by Damac ") that designs, builds and operates data centers across the Kingdom, along with Cinturion Corp Ltd., a global provider of integrated submarine and terrestrial capacity-based network solutions and Emaar, The Economic City (EEC)– the master developer of King Abdullah Economic City (KAEC) - to sign a strategic Memorandum of Understanding (MOU) agreement in the area of Telecom & Digital Infrastructure whilst contributing to the Saudi 2030 Telecommunication Transformation Vision lead by Ministry of Communication and Information Technology ("MCIT").  

Key Points: 
  • "Our partnership with Salam, EDGNEX Data Centers, and Cinturion is another step towards making KAEC one of the world's leading digital hubs.
  • This collaboration will greatly contribute to our city's reputation as a vision ready platform, making KAEC an ideal destination for the latest and greatest up-to-date digital infrastructure technology.
  • Salam provides market-leading enterprise and wholesale ICT solutions, as well as fixed and mobile services for Saudi Arabia's new digital generation.
  • With its strategic location, advanced infrastructure and investor-friendly regulation, KAEC is a ready-made platform for Saudi Arabia's Vision 2030 initiatives.

Leading by example with world class digital infrastructure hub

Retrieved on: 
Tuesday, July 25, 2023
Data infrastructure, Telecom, Memorandum of understanding, Telecommunications, Information technology, Internet, ICT, Data, Sport, Digital, MCIT, FMCG, Vision 2030, Tourism, As-salamu alaykum, The Digital Hub, DAMAC, Service, KSA, USD, Human voice, Cloud computing, King Hussein Business Park, Growth, EEC, Emaar Properties, Integrated Telecom Company, Carrier, Multimedia, Royal Greens Golf & Country Club, Government, Ministry, Party, MOU, Communication, Data center services, Partnership, Public Investment Fund, World Bank, Fixed, Jewish International Connection of New York, King Abdullah Economic City, Saudi Vision 2030, Internet service provider, Retail, Arms industry, Haram (site), KAEC, Kingdom

DUBAI, UAE, July 25, 2023 /PRNewswire/ -- Integrated Telecom Co. Ltd. ("Salam") a fully licensed Fixed, Mobile, Data and Voice services provider that owns telecommunications infrastructure across the Kingdom of Saudi Arabia ("KSA") has teamed up with Khazzan Information Technology Co. ("EDGNEX Data Centres by Damac ") that designs, builds and operates data centers across the Kingdom, along with Cinturion Corp Ltd., a global provider of integrated submarine and terrestrial capacity-based network solutions and Emaar, The Economic City (EEC)– the master developer of King Abdullah Economic City (KAEC) - to sign a strategic Memorandum of Understanding (MOU) agreement in the area of Telecom & Digital Infrastructure whilst contributing to the Saudi 2030 Telecommunication Transformation Vision lead by Ministry of Communication and Information Technology ("MCIT").  

Key Points: 
  • "Our partnership with Salam, EDGNEX Data Centers, and Cinturion is another step towards making KAEC one of the world's leading digital hubs.
  • This collaboration will greatly contribute to our city's reputation as a vision ready platform, making KAEC an ideal destination for the latest and greatest up-to-date digital infrastructure technology.
  • Salam provides market-leading enterprise and wholesale ICT solutions, as well as fixed and mobile services for Saudi Arabia's new digital generation.
  • With its strategic location, advanced infrastructure and investor-friendly regulation, KAEC is a ready-made platform for Saudi Arabia's Vision 2030 initiatives.

Lucid Middle East Announces Signing of MoU with the Human Resources Development Fund (HRDF) in Saudi Arabia

Retrieved on: 
Tuesday, October 25, 2022
Adoption, CFO, Human Resources Development Fund, Government, National Development Fund of Iran, SARS, NASDAQ, Private sector, Unemployment, Lucid Motors, Vision 2030, KAEC, Saudi Human Resources Development Fund, Lucid Air, National Development Fund (Saudi Arabia), Marketing, EV, CEO, CTO, E-Government in Saudi Arabia, Engineering, Memorandum of understanding, Weapon, Interior design, Lucid, King Abdullah Economic City

1,000 plus employees trained across USA, Europe, and Saudi Arabia

Key Points: 
  • 1,000 plus employees trained across USA, Europe, and Saudi Arabia
    Training to concentrate on manufacturing, sales, marketing, and engineering
    RIYADH, Saudi Arabia, Oct. 25, 2022 /PRNewswire/ --Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the signing of a Memorandum of Understanding (MoU) with the Human Resources Development Fund (HRDF) in Saudi Arabia.
  • The MoU will facilitate agreements between Lucid and HRDF to source Saudi talent and provide them with the appropriate skill development opportunities through training programs and on the job training.
  • "The agreement with HRDF will help achieve our people strategy in Saudi Arabia," said Faisal Sultan, Vice President and Managing Director of Lucid Middle East.
  • Customer deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Lucid Middle East Announces Signing of MoU with the Human Resources Development Fund (HRDF) in Saudi Arabia

Retrieved on: 
Tuesday, October 25, 2022
Adoption, CFO, Human Resources Development Fund, Government, National Development Fund of Iran, SARS, NASDAQ, Private sector, Unemployment, Lucid Motors, Vision 2030, KAEC, Saudi Human Resources Development Fund, Lucid Air, National Development Fund (Saudi Arabia), Marketing, EV, CEO, CTO, E-Government in Saudi Arabia, Engineering, Memorandum of understanding, Weapon, Interior design, Lucid, King Abdullah Economic City

1,000 plus employees trained across USA, Europe, and Saudi Arabia

Key Points: 
  • 1,000 plus employees trained across USA, Europe, and Saudi Arabia
    Training to concentrate on manufacturing, sales, marketing, and engineering
    RIYADH, Saudi Arabia, Oct. 25, 2022 /PRNewswire/ --Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the signing of a Memorandum of Understanding (MoU) with the Human Resources Development Fund (HRDF) in Saudi Arabia.
  • The MoU will facilitate agreements between Lucid and HRDF to source Saudi talent and provide them with the appropriate skill development opportunities through training programs and on the job training.
  • "The agreement with HRDF will help achieve our people strategy in Saudi Arabia," said Faisal Sultan, Vice President and Managing Director of Lucid Middle East.
  • Customer deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Lucid Announces Opening of its First Middle East Studio in Riyadh, Saudi Arabia

Retrieved on: 
Monday, October 24, 2022
Adoption, NASDAQ, Lucid, KAEC, Lucid Air, CEO, Climate change, Saudi Vision 2030, Government, Heart, Beauty, CTO, E-Government in Saudi Arabia, Interior design, Weapon, Oil, King Abdullah Economic City

RIYADH, Saudi Arabia, Oct. 24, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the opening of its first Studio in the Middle East, located in Riyadh, Saudi Arabia. The luxury retail space will invite customers to experience the brand and its products in the heart of Riyadh's Al Nakheel District. With a direct-to-consumer model, every Lucid Studio offers a digitally oriented premium experience tailored to each customer's preferences, whether they visit in person, make enquiries entirely online, or combine the two.

Key Points: 
  • New Riyadh Studio set to open at 9:00 AST on Tuesday, October 25th at I Mall, Riyadh
    RIYADH, Saudi Arabia, Oct. 24, 2022 /PRNewswire/ --Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the opening of its first Studio in the Middle East, located in Riyadh, Saudi Arabia.
  • "Saudi Arabia recognizes the seismic transition toward automobile electrification and it looks to the future to secure a better world for generations to come with Saudi Vision 2030."
  • "We are incredibly excited to be celebrating this milestone today, opening our Studio in Riyadh is another positive step of our journey in Saudi Arabia," said Faisal Sultan, Vice President and Managing Director of Lucid Middle East.
  • Earlier this year, Lucid announced plans for a full production factory at King Abdullah Economic City ("KAEC") in Saudi Arabia.

Lucid Advances Global Sustainability Vision, Announcing New Details for First Overseas Manufacturing Facility with Partners in Saudi Arabia

Retrieved on: 
Wednesday, May 18, 2022
Ministry of Investment (Saudi Arabia), EPA, Resource management, SIDF, MOF, Climate change, Sport utility vehicle, NIS, King Abdullah Economic City, Emaar Properties, Goal, MISA, NASDAQ, Trend analysis, Transport, Ministry, The Saudi Industrial Development Fund (SIDF), PIF, Gulf International Bank, CTO, Vision 2030, KAEC, EVS, Lucid Air, Technology, General counsel, Ministry of Education (Malaysia), Adoption, GIB, Government, CFO, E-Government in Saudi Arabia, CEO, Weapon, Renewable energy, Investment, Industry, Saudi Vision 2030, Kingdom, Lucid

"I am truly delighted to partner with PIF, our signing partners, and the Government of Saudi Arabia in advancing our shared vision of global sustainability."

Key Points: 
  • "I am truly delighted to partner with PIF, our signing partners, and the Government of Saudi Arabia in advancing our shared vision of global sustainability."
  • He added: "We look forward to working with Lucid and other leading companies, while continuing to build our global expertise."
  • This is a great opportunity for Lucid and for Saudi Arabia and captures the spirit of Vision 2030.
  • Vehicles will be initially slated for the Saudi Arabian market, but Lucid plans to export finished vehicles to other global markets.