Belgium to set up training center in Riyadh for maintenance of power sets

ABC enters into the picture in Riyadh by offering concrete, reliable and efficient power generation solutions. (AFP)
Updated 28 January 2018
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Belgium to set up training center in Riyadh for maintenance of power sets

RIYADH: Belgium will set up a training center for its country’s energy-saving machines used in the Kingdom.
The announcement was made on Thursday at a presentation held at the residence of the Belgian ambassador in the Kingdom, Geert Criel.
The presentation about the energy-saving machines was made by the area sales manager of Anglo Belgian Corporation (ABC) based in Belgium, Captain Vincent Pirot.
Speaking to Arab News following his presentation on the Glenset power sets, Pirot said that his company chose Riyadh for the training center since it’s a hub in the Middle East and people could come for training from the GCC countries and also from neighboring countries such as Egypt.
He explained that training will be set up on public demand since most of the customers who use Glenset power sets need to be trained in the maintenance of the engines. He also pointed out that 80 percent of the maintenance could be handled by trained people. He also said the engines have proven their efficiency in power saving, and are also low cost.
Anglo Belgian Corporation, with headquarters in Gent, Belgium, has almost a century of engine-building expertise.
The company was founded in 1912 by a group of Belgian entrepreneurs soon after building the first licensed Rudolf Diesel engine. ABC manufactures diesel engines available with various power outputs. These engines, in combination with an alternator, positions ABC to offer powerful power generation solutions.
Speaking to Arab News, Ambassador Criel said power efficiency is one of the central themes of Saudi Vision 2030. He pointed out that 38 percent of the Saudi production of oil and gas is locally consumed, mainly in the transport sector and electricity production. Therefore, he added that the Saudi Energy Efficiency Center plans to save 1.5 million barrels per day, which is 15 percent of the total oil production.
He pointed out that ABC enters into the picture by offering concrete, reliable and efficient power generation solutions.


Riyadh hosts commercial arbitration conference

Updated 2 min 39 sec ago
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Riyadh hosts commercial arbitration conference

Hussam Al Mayman RIYADH: The inaugural International Conference on Commercial Arbitration began on Monday in Riyadh.
The conference, organized by the Saudi Center for Commercial Arbitration, has gathered six ministers, 47 experts from 15 countries, and a number of decision-makers.
Dr. Hamed Meera, the center’s executive director, said it is in the advanced stages with the Justice Ministry of transferring some commercial mediation cases from commercial courts to the center.
It has entered into a strategic partnership with one of the oldest arbitration centers in the world, the AAA, to prepare the Saudi center’s rules and training of staff, Meera added.
The center provides effective alternatives to settle commercial disputes instead of going straight to court, he said.
“The center is not a competitor to the judiciary courts, but is complementary and aims to reduce the burden on them,” he added.
“The center is one of Vision 2030’s initiatives to facilitate business and attract foreign investment,” he said.
“It provides an effective, efficient and independent dispute-settlement solution, and extensive flexibility and broad options for parties in terms of choice of law, language, selection, nationality, specialization, arbitration sessions and time.”
During his speech at the conference, Justice Minister Walid Al-Samani said arbitration is a means to support the settlement of disputes.
“Commercial arbitration contributes to the speed of completing and settling disputes. We are very optimistic about what has been achieved by the Saudi Center for Commercial Arbitration, and the support for institutional arbitration must be broadened,” he added.
“I am optimistic about the efforts and enthusiasm I have seen. We need more awareness of commercial arbitration, and we look forward to a greater role of chambers of commerce in this direction.”