Riyadh to play host to HVACR Expo Saudi in 2019

Andy White, senior vice president, dmg events Middle East, Asia and Africa.
Updated 18 February 2018
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Riyadh to play host to HVACR Expo Saudi in 2019

dmg events Middle East, Asia & Africa, a leading international events company, will present the HVACR Expo Saudi in Riyadh, for the first time next year.
Set to take place at the Riyadh International Convention & Exhibition Center from Jan. 14-16, 2019, HVACR Expo Saudi will be co-located with FM EXPO Saudi and Saudi Clean Expo. All three events are well established in the country as they are part of the dmg events portfolio of construction-related exhibitions, which also includes the Jeddah-based Big 5 Saudi.
“The move of these three niche industry events to the capital has been carefully considered,” said Andy White, senior vice president, dmg events Middle East, Asia and Africa. “Relocation of our events serving these very focused and technical industries means our exhibitors will be delivering their great international products and services right into the heart of a busy market. But being in the nation’s capital means the events will also give them a platform from which to influence regulation and policy development in these critical sectors, as Saudi Arabia makes progress on its aims for Vision 2030.”
Riyadh represents a significant project market for HVACR, FM and cleaning-related businesses. The Saudi capital is home to more than 30 active projects worth $1 billion or more and some 25 percent of the country’s total construction activity takes place there. In addition, it has a large quantity of built stock demanding ongoing maintenance, as well as new builds becoming operational.
“There’s a great deal of opportunity in the market there, and we will be working hard to make sure our exhibitors and visitors get the chance to discover as much of it as they can,” said White.
As well as attracting thousands of visitors keen to research the latest products and service developments in their industry, the events will also provide the opportunity to enhance their knowledge and update their industry skills. A curated conference program will see industry leaders debate key trends and challenges, while a series of workshops will explore some of the latest technical advances with a hands-on and interactive style.
Attendance to all three events and their related conference and workshop programs will be free, but visitors will need to register to attend.


ADIB becomes first bank to join UAEIIC

Updated 23 June 2018
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ADIB becomes first bank to join UAEIIC

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors of the UAEIIC, headed by Sultan bin Saeed Al-Mansoori, UAE minister of economy.

Through this membership, ADIB will join government decision-makers, locally and internationally, with the support of the UAE’s minster of economy, to help remove obstacles, strengthen foreign investment relations and support sustainable economic development.

Khamis Buharoon, vice chairman and acting CEO at ADIB, said: “We are proud to be the first bank to join the UAE’s Investors Council. We are also committed to the development of Emirati investments, which are critical to economic diversification and the UAE’s global economic competitiveness. Important measures have already been taken to secure support and protection and to overcome any challenges faced by Emirati investors abroad, and we look forward to playing an instrumental role in building on these efforts.”

He added: “The establishment of the UAE International Investors Council forms part of broader efforts to advance economic diversification policies that complement the expansion and growth of the UAE’s private sector as well as create a favorable environment that supports national companies investing abroad. The council provides a vital link between investors interested in promising opportunities available in countries with close ties to the UAE and governmental and semi-governmental entities to streamline the investment process. It also serves as a pillar for ensuring the protection of UAE capital abroad through advice, guidance, and logistic support.”

Jamal Saif Al-Jarwan, secretary-general of the Emirates Council for overseas investors, said: “We have the honor to join Abu Dhabi Islamic Bank as an active member of the council, which contributes to enhancing the role of the council’s working environment to support the state’s economic development and to keep pace with developments in the economic, investment and banking sectors in general, since the measure of success depended not only on financial results but also on how it dealt with the needs changing markets, innovative and sophisticated solutions that keep pace with rapid global changes and shifts in those sectors.”

He added: “Emirati investment abroad plays a vital role in more than 70 countries in the world and has a great impact on the soft and reputed power of our young state in the world, which is a great achievement and a strong demonstration of the path of investment of the Emirati investors in the right direction.”