Saudi Arabia needs private investments to keep logistics on the move: NIDLP CEO

Exclusive Saudi Arabia needs private investments to keep logistics on the move: NIDLP CEO
Saudi Arabia's Jeddah port (Shutterstock)
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Updated 14 June 2022

Saudi Arabia needs private investments to keep logistics on the move: NIDLP CEO

Saudi Arabia needs private investments to keep logistics on the move: NIDLP CEO

RIYADH: “Saudi Arabia’s logistics sector needs a huge investment combined between the government and private sector by 2030, as Vision 2030 targets to become a global logistic hub,” said Sulaiman Al-Mazroua, CEO of the National Industrial Development and Logistics Program.

During an exclusive interview with Arab News, Al-Mazroua said that upgrading the existing ports will help the Kingdom serve three continents: Asia, Africa, and Europe. He added that the Kingdom would provide the right environment and regulations to attract world transportation companies which will help Saudi Arabia emerge as one of the world’s busiest logistics centers.

He added: “We still need more upgrading to some of our facilities, including our airports and ports.” 




Suliman Al-Mazroua, CEO of the National Industrial Development and Logistics Program. (AN)

The vitality of SMEs

Al-Mazroua added that small and medium enterprises in the Kingdom should develop innovative technological ideas to fill gaps in logistics. 

He noted that tapping into cutting-edge technologies is necessary to achieve the Vision 2030 goal of becoming an industrial powerhouse and global logistics hub.

“This area (technology) in logistics, specifically, is very attractive to small and medium businesses, and innovation in that area is extremely open. So with more SMEs coming in to fill gaps in logistics, you will need less time and cost to produce. And whenever there’s competition, innovation comes to play,” Al-Mazroua told Arab News.

We will be capitalizing on our smart youth

Suliman Al-Mazroua, CEO of the National Industrial Development and Logistics Program

Prime Movers of Logistics

He also noted that  Saudi Arabia is capitalizing on its youth to revolutionize the sector, in addition to cooperating with private companies.

“We will be capitalizing on our smart and capable youth. And our government will enable this logistic hub with the infrastructure requirements. The private sector be an important partner with its technologies. We have seen Apple and Amazon come up with own their technologies. We also have major Saudi companies in the technology field developing their own.”

Strategic Location for A Global Logistics Hub

According to Al-Mazroua, Saudi Arabia’s geographical location is a crucial factor that could elevate the country’s spot on the logistics map in the future.

The Kingdom lies in a strategic location between the three continents, on the coast of the Red Sea, where more than 13 percent of the world’s logistic traffic passes yearly

Talking about the plans to transform the Kingdom into a top global logistics hub, he said, “Privatization of the ports with free zones will attract the right investments, build the right regulations and policies for investors to come and get connected with the world through trade agreements. So that is just a summary of our plans guided by Vision 2030, an ambitious yet achievable blueprint for our future.”


Oil rises as IEA hikes 2022 demand growth forecast

Oil rises as IEA hikes 2022 demand growth forecast
Updated 18 min 42 sec ago

Oil rises as IEA hikes 2022 demand growth forecast

Oil rises as IEA hikes 2022 demand growth forecast

LONDON: Oil prices rose by over 1 percent on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices lead some consumers to switch to oil.

Brent crude futures gained $1.29, or 1.3 percent, to $98.69 a barrel by 1348 GMT, while US West Texas Intermediate crude futures rose $1.45, or 1.6 percent, to $93.38.

“Natural gas and electricity prices have soared to new records, incentivizing gas-to-oil switching in some countries,” the Paris-based agency said in its monthly oil report, in which it raised its outlook for 2022 demand by 380,000 barrels per day.

By contrast, the Organization of the Petroleum Exporting Countries on Thursday cut its 2022 forecast for growth in world oil demand, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the pandemic.

OPEC expects 2022 oil demand to rise by 3.1 million bpd, down 260,000 bpd from the previous forecast. However, it still sees a higher overall global oil demand figure than the IEA for 2022.

A rise in US oil inventories last week and the resumption of crude flows on a pipeline supplying central Europe capped further price gains.

US crude oil stocks rose by 5.5 million barrels in the most recent week, the US Energy Information Administration said, more than the expected increase of 73,000 barrels.

Gasoline product supplied rose in the most recent week to 9.1 million barrels per day, though that figure shows demand down 6 percent over the last four weeks compared with the year-ago period.

The premium for front-month WTI futures over barrels loading in six months’ time was pegged at $4.38 a barrel on Thursday, the lowest in four months, indicating easing tightness in prompt supplies.

The resumption of flows on the southern leg of the Russia-to-Europe Druzhba pipeline further calmed market worries over global supply.


Egypt to ration electricity to boost gas exports

Egypt to ration electricity to boost gas exports
Updated 28 min 13 sec ago

Egypt to ration electricity to boost gas exports

Egypt to ration electricity to boost gas exports

CAIRO: Egypt’s Cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday.

Egypt has suffered from an acute foreign currency shortage since Russia's February invasion of Ukraine, which pushed up global commodity prices, led to the collapse of tourism from the two countries and drove up the cost of borrowing.

Under the draft plan, shops and malls will have to limit their use of strong lights and keep their air conditioning at no cooler than 25 degrees Celsius.

Ministries and government facilities will have to turn off lighting at the end of working hours, the statement added. Street lighting will also be reduced.

The government last month postponed a planned increase in electricity prices by six months. The higher prices would have been intensely unpopular among a population that over the last few years has endured a series of harsh austerity measures.

On Tuesday, Prime Minister Mostafa Madbouly said the government hoped to reduce the amount of gas used to generate electricity by 15 percent. He said domestic power plants bought their natural gas at one-tenth the price that it could fetch on international markets.

Europe has been seeking alternative sources of gas to cut its reliance on Russian gas as the war in Ukraine escalates.

Rapid growth in Egypt’s natural gas supplies, boosted by the discovery of the Mediterranean’s largest field, turned it from a net importer to an exporter in late 2018.

Egypt exported 9.45 million cubic meters of liquid natural gas in the first seven months of 2022, up 44 percent from a year earlier, according to Refinitiv data. 


Saudi DJ KEH quit his job to focus on music career

Saudi DJ KEH quit his job to focus on music career
Updated 20 min 42 sec ago

Saudi DJ KEH quit his job to focus on music career

Saudi DJ KEH quit his job to focus on music career
  • DJ KEH: In 2017, I went to an event in the Philippines to attend an international DJ (event), and from here the spark started
  • DJ KEH: The nice thing about being a DJ is that you can create a common bond between you and the audience and take them on a journey through music

RIYADH: Though delivering beats and remixes for a living may seem risky, DJ KEH does not regret quitting his job at Saudia to work as a professional DJ.

“My music career started in 2017 with great potential to make a huge difference in the (electronic dance music) scene in Saudi Arabia due to the popularity and unique style,” he told Arab News.

“In 2017, I went to an event in the Philippines to attend an international DJ (event), and from here the spark started,” he said, adding that he was transfixed by the way the DJs at the turntables bewitched audiences with their shows. 

“There, I realized that I wanted to be a DJ. I didn’t even finish my vacation,” he said. “I went back to start learning, but my family was not supportive at the beginning because, as always, there is something strange about anything new … but after a while, my mother supported me in every possible way.”

Now DJ KEH gets requests to play at public and private events, and has played across a whole raft of events in Saudi Arabia.

“The nice thing about being a DJ is that you can create a common bond between you and the audience and take them on a journey through music,” he said of his profession. “Through music, you can enter the hearts of all people without saying a single word.”

He added that he thinks that it is important for music classes to be introduced into all communities.

“It is very important to have music in the community to learn about other cultures. The language of music brings all the world together,” said the DJ.

He says his musical journey has been influenced by many DJ’s, including a close friend.

“I was inspired by my friend and my first supporter, Hani Al-Bangari, and there are many local talents. Globally, there are many, starting with David Guetta and Martin Carol Cox,” he said.

Sharing his future plan, which is to represent his country at the biggest international events as well as possible, he said: “I want to prove that we are successful in all areas whenever the opportunity arises.

“I think the government is giving space to talented local musicians, and this is one of the directions of Vision 2030. Now, my goal and the goal of all DJs is to develop the DJ profession in Saudi Arabia.”


Facebook hands in private data to police in abortion case against teen

Facebook hands in private data to police in abortion case against teen
Updated 40 min 51 sec ago

Facebook hands in private data to police in abortion case against teen

Facebook hands in private data to police in abortion case against teen
  • Authorities obtained incriminatory messages between the mother and the daughter after they approached Facebook with a search warrant

LONDON: Facebook is under intense scrutiny after handing in private messages of a 17-year-old girl accused of crimes relating to an abortion to Nebraska police.

The teenager is accused, along with her mother, of having broken the law that prohibits abortion after 20 weeks. According to court files, the teenager miscarried at 23 weeks of pregnancy and secretly buried the fetus with her mother’s help.

The two were charged in July with allegedly removing, concealing or abandoning a dead human body, concealing the death of another person and false reporting.

Authorities obtained incriminatory messages between the mother and daughter after they approached Facebook with a search warrant.

Facebook reportedly had the option of challenging the court’s decision but chose to provide police access to the teen’s direct messages instead. The teenager is currently facing three criminal charges as a result of using an abortion pill purchased online and burying the unborn fetus.

“Nothing in the valid warrants we received from local law enforcement in early June, prior to the Supreme Court decision, mentioned abortion. The warrants concerned charges related to a criminal investigation and court documents indicate that police at the time were investigating the case of a stillborn baby who was burned and buried, not a decision to have an abortion,” Meta Spokesperson Andy Stone said in a statement.

This case represents one of the first instances in which a person’s social media activity has been used against them in a state where access to abortion is restricted, and it is perceived as a stab in the back after tech companies vowed to protect users in the wake of the US Supreme Court’s overturning of Roe v. Wade.

The news comes just a few weeks after Meta CEO Mark Zuckerberg pledged to “expand encryption across the platform in an effort to keep people safe.” Meta also said it would offer financial assistance to employees having to travel to a different state to seek an abortion.


Metallica, Mariah Carey to play New York show for foreign aid

Metallica, Mariah Carey to play New York show for foreign aid
Updated 8 min 7 sec ago

Metallica, Mariah Carey to play New York show for foreign aid

Metallica, Mariah Carey to play New York show for foreign aid
  • Rosalia, Charlie Puth, Maneskin and Mickey Guyton will join them in taking the stage at the event
  • The Central Park concert is slated for September 24

NEW YORK: Metallica, Mariah Carey and the Jonas Brothers will be among the acts performing in New York’s Central Park at this year’s Global Citizen Festival, the organization announced Thursday.
Rosalia, Charlie Puth, Maneskin and Mickey Guyton will join them in taking the stage at the event, which is now in its 10th year and is aimed at drumming up support for preserving international aid to eradicate extreme poverty, in addition to a number of other causes.
The Central Park concert is slated for September 24 as is a sister show in Accra, where Usher, SZA, Stormzy, H.E.R., Sarkodie, Stonebwoy and Tems are all scheduled to perform.
Ghanaian President Nana Akufo-Addo said in a statement his country was “honored” to host Global Citizen.
“We owe to the next generation to live in a world free from poverty, disease and the degradation of the environment,” he said. “We must align forces to make an impact in Africa.”
Taking place since 2012 as world leaders gather in New York for the UN General Assembly, Global Citizen distributes tickets for free to supporters who pledge to take actions such as sending letters to their governments in support of development aid.
The 2022 event, which Priyanka Chopra Jonas will host, calls on world leaders as well as philanthropists to relieve debt, empower girls, improve food access and invest in climate solutions in countries that suffer climate change’s worst effects but whose carbon emissions pale in comparison to the globe’s richest nations.
“Decades of systemic and political failures have led humanity into the midst of converging and rapidly deteriorating crises — climate, hunger, health, war and conflict,” Hugh Evans, Global Citizen’s co-founder and CEO, said in a statement.
“The most marginalized populations are paying the price of the stagnant inaction of our leaders, and now millions of lives, and the future of our planet, are at stake.”