Marriott International, Emirates NBD relaunch credit card

The Emirates NBD Marriott Bonvoy World Mastercard
Updated 29 September 2019

Marriott International, Emirates NBD relaunch credit card

Marriott International has announced the relaunch of its co-branded credit card with Emirates NBD and Mastercard, with a new black metal Marriott Bonvoy look and a limited-time offer to earn up to 200,000 bonus points. The partnership, which originally launched in 2015, enables Emirates NBD Marriott Bonvoy World Mastercard customers to earn points that are redeemable at more than 7,000 Marriott International properties across 132 countries and territories.
“Our collaboration with Emirates NBD and Mastercard has always been about enabling ‘Good Travel.’ UAE is a strategically important market for us. Through this partnership, we empower members to enrich their travel experiences with an array of opportunities and experiences available to them wherever they are in the world,” said Neal Jones, chief sales and marketing officer Middle East and Africa, Marriott International. “We believe this credit card makes travel more rewarding and enriching and will give further impetus to travel in the region.”
To celebrate the relaunch, a limited-time offer of 200,000 points is available from Sept. 25 to Nov. 30, whereby new cardholders can get 100,000 points upon joining and a further 100,000 points based on cumulative retail spend to the value of $10,000 during the first three months of signing up.


SAGIA, Xylem ink $50m MoU to advance water security

Updated 05 December 2019

SAGIA, Xylem ink $50m MoU to advance water security

Water technology firm Xylem has signed an MoU with the Saudi Arabian General Investment Authority (SAGIA), representing an investment of $50 million. The agreement aims to expand Xylem’s manufacturing footprint into the Kingdom, and to better serve its portfolio of customers in Saudi Arabia and across the region.

Under the MoU, Xylem will work with SAGIA to develop and localize advanced water and wastewater products and technologies to address water challenges in Saudi Arabia, as well as increase its footprint of service points and rental fleets across the Kingdom. A core objective of the MoU is to accelerate adoption of digital water solutions and optimize utility networks across the Kingdom.

The proposed multimillion-dollar investment will not only help build a vibrant local supply chain, but also see Xylem bringing additional commercial opportunities into the Kingdom, with the wider aim of improving water solutions locally. The agreement is in line with the goals of Saudi Vision 2030 to promote economic diversification through investments in localization that will also contribute to the export of “Made in Saudi” products across the world.

The MoU was signed on the sidelines of the Future Investment Initiative (FII), commonly known as the “Davos in the Desert,” by Ibrahim A. Al-Omar, governor of SAGIA, and Steven Leung, senior vice president and president, emerging markets of Xylem, in the presence of senior officials of both entities and Frank Ackland, managing director Xylem Middle East.

Al-Omar said: “As Saudi Arabia welcomes investors and decision-makers from across the globe to this annual global investment platform, the agreements exchanged here reflect the strength and diversity of the economy. Under Saudi Vision 2030, Saudi Arabia is undergoing an ambitious program of economic reform, and the world is taking notice. This month, Saudi Arabia climbed 30 places in the World Bank’s Doing Business 2020 report, becoming the most improved economy globally. The indicators are
clear: Saudi Arabia is not only open for business, it’s the economy of the future.”

Leung added: “As Xylem continues to lead the water sector’s digital transformation globally, this MoU presents an opportunity to leverage our market-leading portfolio and application expertise to advance water security in Saudi Arabia. Through our investment of $50 million, and with our strong presence in Saudi Arabia, backed by our dedicated office and team, we are committed to creating in-Kingdom value through our investments and partnerships. We are thankful to SAGIA for the opportunity to directly contribute our expertise to the development vision of the leadership, as the Kingdom embarks on its ambitious transformation program.”