SAGIA issues licenses to 4 Swiss companies

SAGIA Gov. Ibrahim Al-Omar, center, and Fady M. Jameel, deputy president, and vice chairman, Abdul Latif Jameel Co., left, during the event in Bern.
Updated 01 October 2018
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SAGIA issues licenses to 4 Swiss companies

The Saudi Arabian General Investment Authority (SAGIA) has awarded investment licenses to four Swiss companies, which will enable the launch of their operations in the Kingdom.

SICPA-Jameel, Roche Diagnostics Saudi Arabia, MEDLOG and ABB Substations Contracting Co. received their licenses on the sidelines of the 11th session of the Saudi-Swiss Joint Commission, held recently in the Swiss capital Bern.

Welcoming the awarding of the licenses, SAGIA Gov. Ibrahim Al-Omar, said: “These excellent developments in Switzerland underline the importance of building strong economic partnerships. We want to use these partnerships to help illuminate and enable investment opportunities for companies and investors across a number of promising sectors, while also helping to realize the Kingdom’s Vision 2030, economic diversification and a new era for Saudi Arabia.”

In addition to continuously engaging and building strong relationships with leading companies and relevant stakeholders across the world, SAGIA, along with its partners, is focused on enhancing the competitiveness and attractiveness of the investment environment for foreign investors in the country.

Fady M. Jameel, deputy president, and vice chairman, Abdul Latif Jameel Co., said: “Our company is proud to be the investment partner of choice for this venture with SICPA Finance and bring this cutting edge ‘track and trace solutions’ technology to businesses and consumers in Saudi Arabia.”

SAGIA has led the way in creating significant legal, regulatory, commercial and financial reforms to protect investors and generate confidence in Saudi Arabia as an investment destination. Foreign investors enjoy an increased number of sectors open to foreign investment, including 100 percent ownership, streamlined procedures and reduced costs, access to resources and financing, and significant opportunities.

Al-Omar highlighted the enormous potential that the Saudi economy presents to foreign investors and the vast new horizons that Vision 2030 is providing to the private sector.

He said: “SAGIA is committed to driving more quality investments by being a beacon and a partner for companies all along the investment decision-making journey, and by ensuring greater ease in establishing and running business operations.”

He also noted that the investment licenses granted in Bern brought the number of Swiss projects invested in the Kingdom to 94. 

“We very much welcome the strong and valuable Swiss presence in Saudi Arabia and we look forward to celebrating 100 Swiss investments soon,” he said.

SICPA-Jameel will provide ‘track and trace solutions’ in the services sector, securing production, import, and exporting trade of sensitive goods.


Oman’s SalamAir marks 2 years of affordable travel

Updated 19 February 2019
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Oman’s SalamAir marks 2 years of affordable travel

SalamAir recently celebrated two years of affordable travel to a growing range of destinations. This landmark occasion sees the airline mark various milestones, including the growth of operations and expansion of fleet and destinations.

Captain Mohamed Ahmed, CEO of SalamAir, said: “Our success so far has been built on the promise of offering a different proposition to travelers locally and regionally. We have been focused on providing guests with affordable, flexible and rewarding travel options across our expanding network. We have also been focused on optimizing our operations, while looking into the future by investing in one of the most in-demand aircraft, the A320neos, a model that promises to improve our passenger experience and efficiency. With the first one already delivered and flying, we will be adding five more A320neos taking our fleet size to nine, compared to three when we started two years ago.” 

Since its inaugural flight from Salalah to Muscat on Jan. 30, 2017, SalamAir has carried over 1.4 million passengers. The airline enjoyed a steady rise in passenger footfall powered by its expanding route network currently standing at 14 destinations, competitive price offers, as well as the customer-centric loyalty program “More on Air.”

The program rewards guests with a one-way airline ticket in exchange for 10 boarding passes collected within a year. The airline has three “easy fare” options: Light, Friendly and Flexi, as well as a fairly priced menu of extras, such as extra luggage allowance, seat selection and priority check-in options. The airline recently introduced a new meal menu onboard.

CEO Ahmed added: “With the arrival of the new fleet, we will open up new destinations, some of which will be the first time connecting through direct flights to Muscat like Alexandria in Egypt, plus some unique summer destinations. We will connect the rest of the GCC and increase the frequencies in many of our current destinations where we have seen increased demand.” 

SalamAir also offers its guests a selection of promotions, such as the “Tempting Tuesday” weekly deal on all fares.