The Big 5 Saudi explores what it takes to build a home of Vision 2030 design

Updated 11 March 2018
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The Big 5 Saudi explores what it takes to build a home of Vision 2030 design

Demand for new housing and enhanced urban living will peak in Saudi Arabia as Vision 2030 pushes to raise real estate’s contribution to the GDP from five percent to 10 percent. The Big 5 Saudi, which ran from Monday to Thursday, showed innovation in building design and the construction technology needed to accelerate urban growth.
“Housing development in 2018 will show an increase of 30-40 percent compared with last year and the total projected residential projects will reach more than 250,000 square meters. This number will incrementally grow over the next five years on a 25-40 percent rate annually,” said Mohammed S. Al-Surf, regional manager of market development at the Green Building Certification Institute.
Speaking at The Big 5 Saudi, Al-Surf updated visitors on the current urban market and explored how green building incorporates factors of energy reduction and healthy living.
Aside from the education on offer at Jeddah Center for Forums & Events, The Big 5 Saudi showcased the latest solutions and materials in construction from 400 local and international exhibitors.
“Fully aligned and in full support of the Kingdom’s Vision 2030, we believe that The Big 5 Saudi is of great advantage to introduce our products to the potential Saudi Arabian market,” said Omar Khayal, business development manager at special solutions exhibitor RIVA GmbH Engineering.
The RIVA Umbrella promotes usage of promenades and parks by providing shade. Solar powered, it can be controlled via cell phone for custom results.
Other brands to bring residents outdoors are Beka Sport with their artificial floor solutions to create activities such as outdoor chess and city golf, and Eibi with their durable playground equipment.
Filling the gap between outside and inside the home, exhibitor Edgetech showed their Super Spacer at The Big 5 Saudi and discussed how preventing thermal bridges is the key to an energy-efficient room.
Looking to advance the quality and health of home life, GROHE’s award-winning Sensia Arena is an innovative merging of both toilet and bidet that brings a new level of cleaning options to the WC unit.
“The Big 5 Saudi has become one of the most important construction events for the region and the industry as a whole,” said Antoine Khalife, vice president, GROHE Levant and Saudi Arabia.


Emirates NBD opens branch in Alkhobar

Updated 20 September 2018
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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.