Hyundai showcases diversity of model range to Saudi media

Hyundai showcased its complete Saudi Arabia model range to motoring journalists at a special event held in Jeddah.
Updated 17 November 2019

Hyundai showcases diversity of model range to Saudi media

Hyundai has showcased its complete Saudi Arabia model range to motoring journalists at a special “Day with Hyundai” event held in Jeddah. The event highlighted the Korean brand’s recently refreshed SUV lineup as well as popular sedan models.
Organized by Hyundai’s three distributors in Saudi Arabia — Mohammed Yousuf Naghi Motors in Jeddah, Wallan Trading Company in Riyadh, and Almajdouie Motors in Dammam, the “Day with Hyundai” concept allowed journalists to test a wide range of Hyundai vehicles on a route in Jeddah.
“This has been an extremely active year for Hyundai model launches in the region, and the ‘Day with Hyundai’ is an opportunity for journalists to experience our newest product offerings across several segments,” said Mike Song, Hyundai’s head of operations for Africa and the Middle East. “Highlights are the all-new generations of two of our most important models — the Sonata and Palisade.”
Hyundai is among the top-selling brands in Saudi Arabia for sedans and crossover SUVs and is particularly strong in the small car segment.

HIGHLIGHT

Representatives from Hyundai Motor Company Middle East and Africa headquarters were on hand to answer questions on the latest models, was well as to discuss Hyundai plans for the future.

The event included a briefing by Song and a presentation on the new products that arrived in GCC showrooms in 2019. Representatives from Hyundai Motor Company Middle East and Africa headquarters were on hand to answer questions on the latest models, was well as to discuss Hyundai plans for the future.
“Each new generation of Hyundai makes a significant step forward not just for our model range, but also in setting new benchmarks for the market as a whole,” said Song. “Already, customers turn to Hyundai for style as well as value, and we are now leading the introduction of advanced technologies, such as driver assistance and safety functions, into the mass market.”
The motor company is also preparing for another successful year in 2020, with plans for significant model launches from the sedan and SUV lineup.
“Hyundai will continue to pursue ambitious product plans during 2020, investing in new generations of existing models, and expanding our range to appeal to more customers than ever before,” said Song.


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.”