logo
Industry Minister inaugurates Saudi pavilion at Russia's INNOPROM 2025

Industry Minister inaugurates Saudi pavilion at Russia's INNOPROM 2025

Argaam2 days ago
Minister of Industry and Mineral Resources Bandar Alkhorayef inaugurated today, July 7, the Saudi pavilion at the 2025 edition of the INNOPROM International Industrial Exhibition, which is being held in Yekaterinburg, Russia, from July 7-10.
The Kingdom is participating as a partner country in this year's edition.
Alkhorayef is heading the Saudi delegation, which includes 18 governmental officials and representatives from 20 national companies in key sectors such as industrial services, technology, manufacturing, machinery, mining, industrial automation, energy, tourism, and culture.
The pavilion is organizing a number of promotional events to highlight the competitive advantages of Saudi Arabia's investment environment and the promising opportunities in various industrial sectors.
These events will also showcase the enablers and incentives offered to industrial investors in the Kingdom, including financing solutions from the Saudi Industrial Development Fund and the Saudi Export-Import Bank.
This is besides shedding light on the Kingdom's advanced industrial infrastructure, including industrial cities, special economic zones and industrial complexes.
Saudi companies are showcasing their latest industrial products and technologies to visitors. The pavilion also hosts several bilateral meetings between industrial leaders from Saudi Arabia and the Russian Federation, aimed at discussing opportunities to strengthen industrial cooperation and expanding joint investments.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Program to boost youth, SME role in Saudi economy
Program to boost youth, SME role in Saudi economy

Arab News

time2 hours ago

  • Arab News

Program to boost youth, SME role in Saudi economy

RIYADH: The Small and Medium Enterprises Loan Guarantee Program, known as Kafalah, in collaboration with the Riyadh Chamber, will hold interactive sessions on July 15 to mark World Youth Skills Day. The initiative aims to raise awareness and develop entrepreneurial skills among youth, entrepreneurs and SMEs, the Saudi Press Agency reported on Wednesday. The sessions will cover key topics to boost youth contributions to national economic development, in line with the Kingdom's Vision 2030 reform plan. Focus areas include access to finance, building administrative and financial capabilities, enhancing SME sustainability, and turning ideas into viable projects. These sessions highlight the collaboration between entities supporting the SME sector in the Kingdom, the SPA added. The Kafalah program and Riyadh Chamber aim to foster youth growth and strengthen their role in the national economy. Kafalah supports micro, small and medium enterprises by providing financial guarantees, improving their access to financing and reducing lending risks for banks.

Winners announced for ‘She's Next in Football' program
Winners announced for ‘She's Next in Football' program

Arab News

time2 hours ago

  • Arab News

Winners announced for ‘She's Next in Football' program

Visa, a global leader in digital payments, has announced the winners of the inaugural 'She's Next in Football' program in Saudi Arabia, held in partnership with Saudi Awwal Bank and AC Milan Women. The initiative spotlights the Kingdom's most promising women footballers and marks a major step in advancing female talent in sports through mentorship, professional training, and international exposure. Fatima Alsenan was named the overall winner and will travel to Milan for a two-week 'Training with the PRO' experience at the PUMA House of Football, training alongside AC Milan Women's professional players and coaches. Zainab Alhomidi secured the runner-up position and will enjoy an exclusive VIP visit to AC Milan's training grounds. Finalists were evaluated based on their football skills, leadership potential, and dedication to the game. The judging panel included representatives from Visa, SAB, and Saudi football icon Farah Jefry, who also serves as the program's ambassador. 'Programs like She's Next in Football show us what's possible when ambition, talent, and opportunity come together. What sets these young women apart isn't just what they do. It's how they think with resilience, focus, and a willingness to grow. That mindset is exactly what She's Next is all about. Through partnerships with SAB and AC Milan Women, we're not just creating opportunities, but building ecosystems that empower women to lead, inspire, and shape their communities. It's a model that works across sectors, and one we're proud to champion as part of Saudi Arabia's inclusive growth journey,' said Ali Bailoun, Visa's regional general manager for Saudi Arabia, Bahrain, and Oman. Lama Ghazzaoui, chief financial officer at SAB, said: 'When women are given meaningful access to opportunity they rise, not only as athletes but as changemakers.' This partnership is about more than football, it is about creating a space for growth, confidence and ambition to take root. As the chair of BALANCE, SAB's employee diversity program, we strive to promote gender diversity in the workplace and the marketplace. We are also dedicated to contributing to a more inclusive future for sports in the Kingdom by supporting initiatives that expand opportunities for training, mentoring, and developing female talent, ultimately transforming it into professional capabilities.' Elisabet Spina, AC Milan head of women football, said: 'At AC Milan, in collaboration with SAB and Visa, we are proud to support these young women and accompany them on their journey of growth, both on and off the pitch. We are very pleased to welcome Fatima Alsenan to the PUMA House of Football, where she will begin a high-level growth journey within a club whose prestige is globally recognized, and in close contact with top-tier professionals.'

Savola Group announces leadership transition
Savola Group announces leadership transition

Arab News

time2 hours ago

  • Arab News

Savola Group announces leadership transition

Savola Group, a strategic investment holding company in the food and retail sectors across the MENA region, has announced a leadership transition to further progress the group's strategic transformation. The board of directors accepted the resignation of Waleed Khalid Fatani from his position as CEO of Savola Group. The move is in line with the group's strategic transformational direction that focuses on the food sector, following a successful tenure marked by major milestones. These include the launch of a SR6 billion ($1.6 billion) rights issue to strengthen the group's capital position, as well as the distribution of Savola's entire stake in Almarai to its shareholders. Meanwhile, Sameh Mahmoud Hassan has been named the new Savola Group CEO based on the recommendation of the Remuneration and Nomination Committee. Hassan currently holds the position of the CEO of Savola Foods Company (a wholly owned subsidiary of Savola Group) since December 2018. He is a seasoned executive in the FMCG and food industries. He will continue to lead Savola Foods in addition to being group CEO. This leadership change reflects the group's continued evolution, with Savola Foods at the center of its future growth ambitions. Sulaiman A.K. Al-Muhaidib, chairman of Savola Group, said: 'The appointment of Sameh Hassan marks a new phase in Savola's journey as we focus our efforts on building a scaled and integrated food platform with regional and global ambitions. On behalf of the board, I thank Fatani for his leadership and contributions. With Hassan at the helm, Savola is well-positioned to accelerate its growth in the food sector while continuing to manage its broader portfolio in a value-maximizing manner.' Fatani said: 'It has been a privilege to lead Savola during this transformative period.' I am proud of what we have accomplished together — from the execution of value-enhancing transactions to laying the foundation for the future with Savola Foods at the center of its future growth ambitions. I am confident that Sameh Hassan will continue this momentum and take the group to even greater heights.' Incoming CEO Hassan said: 'It is an honor to take on the role of group CEO at this pivotal time. We will continue to build on Savola's heritage and strengths, driving sustainable growth in our food platform. I look forward to working closely with the board and our teams to execute this next chapter of our strategy.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store