FBCG spotlights best practices in family businesses

Updated 10 April 2018
0

FBCG spotlights best practices in family businesses

The Family Business Council — Gulf (FBCG), the regional association of the Family Business Network International (FBN), brought together prominent companies to discuss current developments and best practices in family businesses, including governance and succession planning.
The meeting, hosted by Abdul Latif Jameel in Jeddah, Saudi Arabia, is part of FBCG’s ongoing activities aimed at improving practices in family businesses, fostering collaboration, and sharing knowledge between family businesses in the Gulf Cooperation Council.
Approaches to creating a sustainable shared vision for the future of family businesses was also discussed to ensure the shareholders ongoing commitment across multiple generations.


Saudi port ‘most advanced’

Updated 21 April 2018
0

Saudi port ‘most advanced’

King Abdullah Port has concluded its participation in the Global Infrastructure Congress by winning an award for the most advanced port. The award was presented during the closing ceremony of the conference, which was recently held at the Grand Hyatt Dubai hotel. The event was held under the patronage of UAE’s Minister of Infrastructure Development Abdullah B. Al-Nuaimi, and in partnership with the Federal Transport Authority — Land and Maritime and the Sheikh Zayed Housing Program.
Rayan Qutub, CEO of King Abdullah Port, said: “The award represents a culmination of the port’s efforts in realizing Vision 2030 as a key player in the maritime shipping and logistics sector.” He extended his thanks and appreciation to Al-Nuaimi for “the valuable award, which reflects the status the port has reached after only five years of operation.”
The award came in recognition of the port’s efforts in innovating new, distinguished practices in the port sector, in addition to providing world-class ideas, initiatives and projects that contribute to empowering and delivering sustainable and ready-to-use infrastructure solutions. It was announced that King Abdullah Port had won among more than 100 participants.
King Abdullah Port also participated in the Port and Marine Infrastructure Forum, which was attended by representatives from ministries, port authorities, private sector developers, and industry actors. Qutub delivered a detailed presentation on the port’s latest developments in regards to infrastructure and operations during a session titled “Global Perspectives and Best Practices.”
As of the end of 2017, King Abdullah Port has become the second-largest port in the Kingdom in terms of container handling, and it was recently ranked the eighth fastest-growing port in the world in 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development.