Riyadh to play host to HVACR Expo Saudi in 2019
Riyadh to play host to HVACR Expo Saudi in 2019
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.
Emirates NBD opens branch in Alkhobar
Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar.
As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame.
UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.
Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia.
“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD.
“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.”
Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.
Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.”
Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.