Corporate news

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Thu, 2010-07-29 23:36

Alhamrani United Company, dealer of Infiniti cars in Saudi Arabia, has launched the all-new Infiniti G 37 convertible in the Saudi market. The new car was unveiled at Red Sea Mall in Jeddah recently. The first appearance of Infinity G 37 in Saudi Arabia was distinctive and stylish, where the car was placed into a transparent glass platform and shed with spotlights in an innovative and impressive manner. Hisham Al-Moji, GM of Infiniti in Saudi Arabia, expressed his confidence that the new G 37 sport convertible will enjoy a great demand by enthusiasts of sports cars in view of its high sport performance and stylish design, in addition to its advanced and developed engine. He added: “In 2009-10, Infiniti posted sales that exceeded expectations because of the lately launched wonderful models, we expect our sales in the second half of this year to rise after launching new models, which will be unveiled in the Kingdom and elsewhere in the region. The G-37 is equipped with a new 6-cylinder 3.7-liter 24-valve engine that produces 350 horsepower, making it the most powerful engine in its category, which was nominated among the world’s 10 top engines in 2008. The engine is connected with a standard automatic 7-speed gearbox. The sedan has a sleek vibrant design along with dynamic enhanced performance through rear-wheel drive system, and spacious and comfortable cabin, in addition to high levels of security and safety measures for both the driver and the passengers.

Economic revival and increased demand in Saudi Arabia has led Regus, a provider of innovative workplace solutions, to open its first business center in Dammam, its 18th in the Gulf. The coastal port is the largest in the Gulf and the capital of the Eastern Province. The Dammam Area has grown rapidly since oil was discovered there in the 1930s, 40s and 50s, and has since diversified from oil and shipping into commerce, science and manufacturing. Regus already has two centers in Riyadh. The new center in Dammam will give businesses, many of them foreign, a base from which they can drive further growth as the Kingdom surges ahead on the back of increased domestic consumption and capital investment. “We are excited to be opening a centre in the thriving area of Dammam, which offers a great opportunity for VP Africa and Middle East for Regus. “We expect demand to soar as businesses see the area’s potential for growth and the Kingdom’s economic outlook improves. Our flexible workplace solutions will give rapidly accelerating businesses and start-ups the support they need to expand, as well as an instant footprint for international corporations.” Another reason for Regus’ further investment in the country is the Kingdom’s determination to promote non-oil industries so the country is less dependent on the petroleum sector, which accounts for 45 percent of GDP. Regus Dammam Business Park is in the sought-after Novotel Business Park, easily located on the highway between Alkhobar and Dammam, two miles south of the city center.

National Automotive Trading Company (NAT), an affiliate of Abdullatif Alissa Holding Group, opened recently its second Autostar showroom in Jeddah on Madinah Road, which enhances its presence to 13 showrooms in the Kingdom including Riyadh, Buraidah, Khamis Mushayt, Al-Ahsa, Alkhobar and Dammam. Autostar, an authorized dealer for a number of car makes, sells cars and spare parts in the Saudi market under best terms through various financing schemes such as cash, installments and lease-to-own. Najib Abdullatif Alissa outlined the group’s plan to open more showrooms across the Kingdom in order to provide better services for its increasing number of customers and boost their confidence. “In view of the high demand on our services, we decided to open a second showroom for Autostar in Jeddah to be close to our clients. Isam Mojalad, CEO, National Automotive Trading Company, highlighted the success of Autostar in the Saudi market, and said: “This motivates us to further raise our level of services to meet the expectations and trust of our valued customers. Autostar offers the best car sale and financing facilities so that its clients will get the cars they want in the shortest way. Being an authorized dealer for all car dealers in the Saudi market enables us to offer wider options of car makes under one roof, and a visit to any of our 13 showrooms around Saudi Arabia allows our client to select the car that he wishes to buy.”

Panasonic has introduced its 2010 line of VIERA Plasma High Definition TV, including Full HD 3D TV for the Middle East featuring a screen size of 50-inch, in addition to the company’s new DMP-BDT300 3D Blu-ray player. Plasma technology offers a number of important advantages with respect to 3D, such as cross-talk reduction, crisp and clear high quality moving pictures, enhanced luminance efficiency and improved picture quality even when viewing 2D content. “Panasonic, the industry and technology leader in high definition televisions, is targeting a market share of 50 percent for large screen 3D TV by 2012, and 25 percent market share for over 37 inch televisions in the Middle East region,” said Hidefumi Kawakita, GM, Panasonic Marketing Middle East, at its Saudi office. “Thanks to a large number of technological innovations, television has undergone a constant evolution over the years. While at the start, it was merely regarded as a means for reproducing images, its significance increased when connectivity with other audiovisual devices was added,” said Toshiaki Asakura, manager consumer products, Panasonic Marketing Middle East, Saudi Arabia. “With the growing popularity of HD TVs and the availability of high quality content, TV was yet again taken to a new level. Now, with Full HD 3D technology, it has turned into a device that delivers an immersive viewing experience and literally moved into an era of the next dimension,” he added.

The first REDTAG store was opened in Abu Dhabi, on Al Najda Street, in 2006. Within four years, REDTAG is celebrating the opening of its 50th store in the GCC. The opening of the two new REDTAG stores in Saudi Arabia - Khurais Plaza, Riyadh and Aziz Mall, Jeddah marks the 50th milestone. Ernest John Hosking, CEO of REDTAG, said: “We are very proud of this milestone. The opening of REDTAG’s 50th store in the GCC marks our expansion, success and growth in the region. Our philosophy is the confident expression of ‘Rediscover Value’ that invites customers to discover first hand what ‘value’ really means by offering them a range and depth of quality fashion and homeware that will make them feel that their money is well-spent. We plan to stay focused in our goals to become leaders in the value fashion industry and reach new heights.” He added: “REDTAG is a refreshing concept in today’s retail scenario. It is a chain of value fashion and home stores that offer a world of choice and an enjoyable shopping experience at unbeatable value. With 365 days of value, REDTAG stores launched in 2006 are now a big hit with families that look forward to the latest in fashion and style along with a truly enjoyable shopping experience. The REDTAG Group is part of BMA International, which has achieved important milestones in retail, fashion and lifestyle over the last three decades. BMA is also the holding company for Retail Arabia, which operates hypermarkets, supermarkets, convenience stores and malls.

Saudi Airlines Cargo has achieved success in terms of the volume of cargo transported on its scheduled and additional flights in the Kingdom and around the world in the first half of 2010. More than 187.39 million kg cargo was shipped and air mail transported increased by 22.3 percent. The achievement is due to the efforts of all employees of Saudi Airlines Cargo, the company stated. The services of the company have witnessed huge growth during the last few years. There has been a wide diversity of the materials transported on its airplanes. They now include even construction materials, heavy equipment, textiles, chemicals, flowers and ornamentals. Also, the company has increased its marketing efforts to get an increased share from the global freight market. The achievement is also due to regular cargo flights from the Kingdom to many cities including Sanaa, Thiruvanathapuram, Brussels and Istanbul. Saudi Airlines Cargo has 19 permanent terminals at locations in Riyadh, Jeddah, Dammam, Addis Ababa, Khartoum, Lagos, Sharjah, Sanaa, Dhaka, Hong Kong, Shanghai, Gwangzhou, Bangkok, Brussels, Milan, New York and Houston, aside from Istanbul and Thiruvanathapuram, in addition of about 94 local and international stations.
 
 
 

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