Bahri-SWCC agreement in line with Vision 2030

Abdullah Aldubaikhi, CEO of Bahri, and Ali bin Abdulrahman Al-Hazmi, governor of SWCC, at the signing ceremony.
Updated 31 March 2019

Bahri-SWCC agreement in line with Vision 2030

Saudi logistics and shipping company Bahri and Saline Water Conversion Corporation (SWCC), a Saudi government corporation responsible for the desalination of seawater, producing electric power and supplying various regions in the Kingdom with desalinated water, have signed an agreement that sets a fixed price on a five-year term for the shipment of spare parts needed at desalination plants in the eastern and western coasts.
Abdullah Aldubaikhi, CEO of Bahri, said the partnership will enable the company to contribute to improving the quality and efficiency of desalination facilities in the Kingdom. He also noted that as part of Bahri’s continued efforts to promote Saudization, every aspect of the agreement will be managed and led by national competencies.
“The signing of this agreement comes as part of our commitment to working closely with key government entities to achieve the objectives of the Saudi Vision 2030, especially those outlined in the National Industrial Development and Logistics Program (NIDLP) announced by Crown Prince Mohammad bin Salman to position the Kingdom as a global logistics hub and create new jobs and training opportunities for Saudis to support local content,” he said.
Ali bin Abdulrahman Al-Hazmi, governor of SWCC, said: “We are pleased to sign this agreement with Bahri and will continue to support and strengthen partnerships between the private and public sectors in the Kingdom. This agreement marks the culmination of SWCC’s efforts to effectively contribute to the achievement of Saudi Vision 2030 goals by continuously expanding and developing its services, as well as enhancing the Kingdom’s water resources with the highest levels of reliability, efficiency and cost optimization.”

Gaming giant Tencent Games picks Dubai for MENA headquarters

Updated 26 June 2019

Gaming giant Tencent Games picks Dubai for MENA headquarters

DUBAI: China’s Tencent Games has chosen Dubai as regional headquarters for its Middle East and North Africa operations, with Dubai Internet City housing the gaming giant’s office.

Tencent Games was launched in 2003 and has since grown into a global platform for game development, publishing and operation. Its ownership stakes and alliances with many major video game companies includes Fornite, Ubisoft, Activision-Blizzard, Riot Games, Supercell and Take-Two Interactive Software.

The opening of Tencent Games’ regional headquarter is an indication of increased activities in the local and regional games industry which covers digital entertainment, education and cultural experiences, a statement said.

According to market research firm Newzoo, the revenue of the UAE games sector is estimated at $324 million (1.2 billion dirhams) in 2019. Furthermore, over 80 percent of smartphone users in the UAE play mobile games, it said.

The UAE has the highest mobile penetration rate in the world at 173 per cent – nearly double the country’s population, according to a report by Statista released in late 2018. This is a considerable figure and represents a wealth of opportunities for game developers, with revenues from mobile games representing more than half the income generated in the entire industry.

“Gaming moves beyond entertainment and is increasingly used to engage and educate, and as more gamers and creative enthusiasts enter the industry, we can certainly expect the market to develop rapidly in the coming years,” Ammar Al-Malik, managing director of Dubai Internet City and Dubai Outsource City said.

Vincent Wang, general manager of the Global Publishing Department at Tencent Games, said: “The UAE’s high mobile and internet penetration is an extremely encouraging indicator for tech firms across the world, and is especially relevant to the global games industry.”