United Motors Company inks deal with Al-Faris Rent a Car

The agreement totals 13 cars from the Italian racing brand including the latest generation of Alfa Romeo vehicles — the Giulia and Stelvio, in addition to the 4C.
Updated 19 June 2019

United Motors Company inks deal with Al-Faris Rent a Car

United Motors Company, the sole distributor for Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Ram and Mopar in Saudi Arabia, has announced a fleet deal with Al-Faris Rent a Car for its Alfa Romeo lineup.

The agreement totals 13 cars from the Italian racing brand including the latest generation of Alfa Romeo vehicles — the Giulia and Stelvio, in addition to the 4C.

Stelvio, the first-ever SUV in over a century of Alfa Romeo history, is a premium mid-size vehicle that expresses the emotions and superlative performance intrinsic to the genuine “Alfa spirit.” Designed for driving enthusiasts, it claims to set new standards in performance, style and technology with its 2.0TC I4 engine delivering 280 bhp and a 0-100 km/hr time of just 5.7 seconds.

Complementing it in the fleet is the Giulia, Alfa Romeo’s muscular four-door sedan, combining “iconic Italian design with cutting-edge technology and a bold dynamic spirit.” The Giulia gives the driver an intuitive yet safe driving experience, reinforced by its five-star Euro NCAP rating.

Adding a touch of historic romance to the fleet, the 4C is a premium two-door sports coupe inspired by the brand’s racing history, featuring design nods that reference the style of the
33 Stradale.

Craig Hardie, COO at United Motors Company, said: “Alfa Romeo cars have been delighting motorists for over a century with their beauty and Italian style, which evoke performance, technology and driving pleasure waiting to be unleashed at the turn of an ignition key. They are the perfect addition to any fleet and we are delighted to provide Al-Faris Rent a Car with this unrivaled line-up.”

United Motors Company is one of the largest companies in the Saudi automotive market. The company was established in 1999 after the merger of United Arab Motors Company and Al-Essayi Trading Corp.

Al-Faris Rent A Car has 47 branches and a fleet of over 6,000 cars including luxury and performance models, making them one of the largest rental companies in
the Kingdom. 

The companies have previously announced fleet deals together on Dodge, Jeep and Chrysler vehicles.

ICD & We-Fi empower women entrepreneurs

Updated 18 September 2019

ICD & We-Fi empower women entrepreneurs

With the aim of discussing how the Islamic Corporation for the Development of the Private Sector (ICD) and the Women Entrepreneurs Finance Initiative (We-Fi) can expand their relationship and integrate the gender themes into ICD’s operations and businesses, a meeting was held between Ayman Amin Sejiny, CEO of ICD; Wendy Teleki, head of We-Fi secretariat; and Samir Suleymanov, director strategic initiatives, World Bank, at ICD’s premises in Jeddah recently. The parties discussed the development and promotion of women’s entrepreneurship through innovative sustainable solutions to increase women’s access to economic opportunities in developing countries. 

Teleki highlighted the main objectives of We-Fi, which is to support women entrepreneurs around the world through programs that provide financing, capacity building and also promote enabling environments that allow women to become entrepreneurs and grow their businesses. We-Fi uses an ecosystem approach to develop programs at the country level that will break down barriers and create more opportunities for women.

During the meeting, Ayman said: “ICD and We-Fi are working together to enhance their initiatives and mandates in supporting the female society in all ICD’s member countries. We want to ensure that our lines of finance and our relationship with the 102 directly connected financial institutions we are dealing with will further enhance the funding, training to women entrepreneurs and to provide the required necessary support to women in all our member countries.”

Teleki said that We-Fi has six implementing partners (IP) and the Islamic Development Bank (IsDB) is one of them. “IsDB, along with ICD is supporting women entrepreneurs in fragile countries. In Yemen, they have a very interesting ongoing program named BRAVE Women. They target to train up to 500 women to learn to develop business plans in fragile and high-risk contexts and up to 400 of them will get access to funding on a matching grant basis. This program aims also to develop the relationship between those women entrepreneurs with the local banks and also lead companies to make sure those women have access to finance and markets to grow their businesses. Moreover, the IsDB and ICD will be implementing soon this BRAVE Women program in two other countries to improve the women’s entrepreneurship potential in key economic sectors and we look forward to seeing those programs happening in future,” she said.

We-Fi is a global platform that seeks to support over a 100,000 women around the world in the next five years and mobilize at least $2 billion from the public and private sector for further activities.