Alfanar & Taqnia team up for alternative energy projects

The signing ceremony was attended by officials from Alfanar and Taqnia Energy.
Updated 07 July 2019

Alfanar & Taqnia team up for alternative energy projects

Alfanar and Taqnia Energy have recently signed a memorandum of understanding to develop alternative energy and the localization of energy products. The signing is a testimony to the commitment of both Alfanar and Taqniya to reducing dependence on non-renewable energy and to shift to developing green energy projects in line with Saudi Vision 2030, the companies said.
Abdullah Al-Hammad, president, Alfanar Construction, and Wasim Al-Mallouhi, vice president — growth and strategy, Alfanar Construction, signed the agreement with Ali Al-Ayed, CEO, Taqnia, and Wail Bamhair, CEO, Taqnia Energy.
The agreement will explore previously untapped alternative energy areas in the Saudi market, such as the hybrid off-grid solution and the electric vehicles charging infrastructure, which is an emerging technology worldwide and is a cornerstone of the Kingdom’s megaprojects. The agreement further aims at developing the local economy and technology advancement through Alfanar’s and Taqnia’s combined knowledge on worldwide trends and the local markets.
Al-Mallouhi said: “The Saudi market’s optimistic view to adapt to the renewable initiative has further strengthened the determination of the companies to jointly identify the opportunities in the sector. Additionally, the companies will capitalize on the most modern technologies available in the sector to provide efficient and sustainable solutions to the users in the Kingdom.”
The companies will further explore the local and international markets and opportunities in the Renewable Energy Projects Development Office (REPDO), NEOM, Red Sea Project, Qiddiya, energy service companies, and off-grid hybrid solutions.
Taqnia Energy is a subsidiary of the Saudi Technology Development and Investment Company (Taqnia), which was established in 2014 and is headquartered in Riyadh. The company was founded with a mandate to develop and invest in bankable technology-focused energy business opportunities, in order to contribute to technology localization and job creation.


Zain KSA wins Best 5G Infrastructure Deployment award

Updated 12 December 2019

Zain KSA wins Best 5G Infrastructure Deployment award

RIYADH: Zain KSA has been awarded the Best 5G Infrastructure Deployment title during Telecom Review Leaders’ Summit that took place in Dubai on Tuesday, December 10, 2019. Over 600 attendee’s ICT companies from more than 23 countries worldwide participated in the 13th edition of the event which focused on the main trends in the ICT sector, namely: 5G network, cyber security, data traffic and digitalization.

Commenting on the new accolade, Chief Technology Officer Eng. AbdulRahman bin Hamad Al-Mufadda at Zain KSA, “the Best Infrastructure Deployment award reaffirms Zain’s role in being a digital lifestyle provider. He emphasized Zain KSA’s role in assisting the development and transformation the Kingdom is witnessing, mainly in terms of enabling and unlocking opportunities for people by creating a sophisticated infrastructure in line with the Kingdom’s digital transformation."

Al-Mufadda added that Zain KSA is continuously enhancing its services and enabling its customers with a new lifestyle to benefit from ultramodern technology by rapidly upgrading its offerings and adapting to the latest advancements in the sector.

Zain KSA has recently announced the completion of its first phase of its 5G network with a wide coverage encompassing 27 cities across the Kingdom through 2,600 towers. At the time of roll-out, the company’s 5G network was the 3rd largest globally and the first in the Middle East, Africa, and Europe.

The 5G network boasts a speed 10 times faster than its predecessor, supporting impressive uploading and downloading rates that will make for an exceptional user experience. The higher capacity of the 5G network, as compared to that of the 4G, will enable more devices to connect to one telecom tower simultaneously without interfering with the user experience. And the low latency where subscribers can enjoy fast response during their internet usage.

As the largest ICT industry event, the Telecom Review Leaders’ Summit offers ICT players and experts from all over the globe the opportunity to connect and share the latest innovations in the industry. Additionally, the conference features in-depth panel discussions and a demo area where participating companies can showcase their cutting-edge solutions. The Telecom Review Awards recognize industry leaders for their efficiency and their efforts in promoting the telecom and ICT sector globally.

About Zain KSA:
It is a leading digital service provider in the Kingdom founded in 2008. It offers many services including telecom services, 5G network, digital payment services, cloud computing, IoT solutions, fiber internet services, drones, and many others.

For more information, please contact:

Salman AlHarbi - Corporate Communication Senior Manager - Cell: +966592443093- [email protected]