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.”

Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019

Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.