Security sector in KSA lures global companies

Updated 17 July 2016

Security sector in KSA lures global companies

JEDDAH: Approximately 125 global companies in security services are providing solutions to the Saudi business sector in the light of the growing demand for security, safety services and protection from fires.
“Saudi budgetary allocations for security across municipal, health, infrastructural, transport and construction sectors are increasing. This is why the world’s companies are targeting the Saudi market,” Mowfaq Alharithi, chairman of Alharithi Exhibition Company, said: “This is why there are many discussions being had these days between local Saudi investors and global companies,” he added.
The volume of expenditure on these products in the world business sector is expected to reach $15 billion by 2018, according to the US Homeland Research Group. Saudi Arabia, he said, will hold a specialized exhibit in security services in May with the participation of companies from 25 countries.
Ahmad Powlis, CEO of Messe Frankfurt Middle East, said that the Kingdom is considered one of the major growth markets for security services, including its safety infrastructure protection as well as commercial and petrochemical activities.
He said there is a lot of demand from various Saudi sectors on security and technical products which will benefit banks, hospitals, industrial sites and much more, offering solutions for entry monitoring with cameras, among other things. He said that Messe Frankfurt Middle East seeks to increase its market share in Saudi Arabia.
The Interior Ministry has also called for the redevelopment of its protection systems to safeguard its development. Statistics show that the number of workers in security guard companies already surpassed 12,000.
Internal regulations for the Interior Ministry states that security guards must be of Saudi nationality and must work for 8-hour a day, according to Article 148 of the Labor Law with contracts to register them in social insurance.
The security guards in the Kingdom are seen as some of the most dynamic security personnel in the world, offering their services at companies, markets, malls, offices, NGOs and housing complexes. Indeed, the demand for them is growing by 40 percent every year due to terror attacks in Saudi cities.
The Saudi security services market sector has a value of $2.6 billion, and caters to 60 percent of the demand from the government sector, according to Asharq Alawsat.

Saudi rail chief visits Haramain stations

Updated 14 November 2019

Saudi rail chief visits Haramain stations

  • Visit is part of project management’s plans for the Haramain station in Al-Sulaimaniyah and Jeddah airport
  • Railway inaugurated by King Salman on Sep. 24, 2018

JEDDAH: Saudi Transport Minister and Director-General of the Saudi Railway Organization (SAR), Saleh bin Nasser Al-Jasser, visited the Haramain High-Speed Railway’s Al-Sulaimaniyah station and the King Abdul Aziz International Airport station in Jeddah on Thursday to check on preparations to resume operations at the two sites.

Al-Jasser was accompanied by Public Transport Authority Chairman Rumaih bin Mohammed Al-Rumaih, SAR CEO Bashar Al-Malik and other officials.

The visit is part of project management’s plans for the Haramain station in Al-Sulaimaniyah and Jeddah airport to serve airline passengers and Jeddah residents.

The service was halted on Sept. 29, 2019 after a fire broke out at the station in Jeddah, which left 11 people injured. The blaze, which was centered in the roof of the station, lasted for 15 hours.

As the first high-speed electric train in the region, the Haramain High-Speed Railway spans over 450km, connecting five stations across Makkah, Jeddah, King Abdul Aziz International Airport, King Abdullah Economic City and Madinah.

The railway was inaugurated by King Salman on Sep. 24, 2018. 

The project is in line with the objectives of the Vision 2030 reform plans, the main goal of which is to increase the number of pilgrims and visitors to the holy places. Officials described it as the biggest transportation project of its kind in the region.