Lamudi event focuses on local real estate market

Updated 12 June 2014

Lamudi event focuses on local real estate market

The biggest names in real estate in Saudi Arabia came together under one roof for an assembly hosted by leading property platform Lamudi, a company of the Middle East Internet Holding (MEIH).
More than 15 key figures from the property sector attended the event in Jeddah recently, including some of the most high-profile property players in the Kingdom.
Representatives from Ahmad Al-Obeikan Company for Investment and Real Estate Development, Al-Faqeeh, Century 21 Jeddah and Tawasul Properties were among those present.
The event was a chance for the leaders to network and share ideas on the local real estate market. Khalid Alali, country manager of Lamudi Saudi Arabia, gave a presentation to guests on the company’s local operations.
Lamudi’s Global Co-Founder and MD Kian Moini said: “The event was a resounding success. The fact that we had such an overwhelming response just goes to show the strength of the local property industry, which is one of the main reasons we launched here this year.
Saudi Arabia has one of the strongest and fastest growing e-Commerce sectors in the Middle East. All guests agreed that the future of real estate in the Kingdom will be online.
Sood Mohamad Alamri of Platinum Real Estate Company, said: "Lamudi entered the Saudi market after achievements in several foreign markets and it has established itself as a leader in a very short period of time.”
Country Manager for Lamudi Saudi Arabia Khalid Alali said: “One of the key enablers to our early success is a focus on localizing our operations. As a Saudi national I prioritize hiring Saudi women and men.”
The biggest real estate brands in the Kingdom have already chosen Lamudi as their property partner, including Bussma, Edarah, Salman Ben Saedan, Al Obaikan, Al Argan and Century 21 Jeddah, the company stated.

Arabian Power Electronics factory starts operations

Updated 23 July 2019

Arabian Power Electronics factory starts operations

The new plant of Arabian Power Electronics Company located in Dammam’s Industrial Area has started its operations following a soft-inauguration event on July 5.

The inaugural ceremony com- menced with the ribbon cut by Dr. Siddeek Ahmed, chairman and managing director, Eram Group.

Dr. Sattam Al-Omairy, director, APEC, did the ribbon cutting for the shop floor inauguration.

The meeting started with a wel- come address by Abdul Razack, group CEO, Eram Group.

Jacob Thomas, business unit head of APEC, spoke about the birth of APEC and how it grew to a market leader today in his open- ing remarks.

In his inaugural address, Dr. Sid- deek Ahmed, CMD, Eram Group, expressed his vision behind estab- lishing the first power electronic manufacturer of Saudi Arabia.

Saad Al-Shahrani, chairman, Saudi Council of Engineers, Rizwan Ahmed, director, Eram Group, Elio Maggi, executive board member, Eram Group, Mohd Al-Shallali, executive board member, Eram Group, Abdullah Al-Ajmi, corpo- rate affairs manager, APEC, also ad- dressed the event.

Madhu R. Krishnan, group direc- tor, Eram Group, offered a vote of thanks to all the well-wishers for their constant support to the com- pany during the past eight years.

Arabian Power Electronics Com- pany is a leading global power electronics manufacturer with world-wide operations and a production facility in Saudi Arabia.

APEC was established in 2011 as a flagship division of ERAM Group, one of the most diversified business conglomerates in the Middle East.

The company has gained wide ac- ceptance for the quality of products and services by serving more than 700 clients in the region and a total installed capacity over 12 MW of power backup systems.

The company has an operations and maintenance team capable of reaching clients across Saudi Arabia. The new facility will de- liver the most innovative technol- ogy, products and services as well as job opportunities to young Sau- di engineers. This will accelerate the company’s vision of becoming the pioneers of power electronics in the region.

As Vision 2030 demands the de- velopment of a more stable energy sector with localization of the tech- nology, APEC is close to achieving this through the process of trans- ferring power electronics technol- ogy to the Kingdom.

The facility is completely de- signed and constructed for the future. Its position and proximity to the upcoming King Salman En- ergy Park, which is going to be the epicenter of global Industries, will help turn the spotlight on APEC — the indigenous manufacturer.