LogiPoint’s, a subsidiary of Saudi Industrial Services Co. (SISCO), newly appointed Chief Executive Officer, Farooq Shaikh, stressed the importance of providing high quality and advanced integrated logistics solutions enabling Saudi Arabia to become a key hub between 3 continents in the global logistics value chain. Speaking at the Supply Chain and Logistics Conference in Riyadh, he stated that these logistics solutions have been designed and put in place to support the customers in minimizing operational cost, increasing revenues and gaining better visibility over their supply chains. LogiPoint for the past 18 years has served customers in all sectors through both…
Author: Kasun Illankoon
Saudi Airlines Cargo Company has once again helped bring World Wrestling Entertainment (WWE) event to the Kingdom by transporting all the equipment and supplies for the long-anticipated Crown Jewel tournament to Riyadh. The WWE event, which millions of wrestling enthusiasts look forward to, will go ahead on time and as planned thanks to its highly-advanced logistics capabilities of the cargo company and its dedicated operations team. Organized by the General Sports Authority, the Crown Jewel event will be held tomorrow (Friday) at King Saud University stadium in Riyadh with the participation of the best professional wrestlers in the world. Saudia…
by Kasun Illankoon The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has signed a memorandum of understanding (MoU) concerning cooperation in trade development and trade capacity enhancement. The cooperation forms part of ITFC’s Arab-Africa Trade Bridges (AATB) Program which was officially launched last year in Morocco under the High Patronage of His Majesty King Mohammed VI. The agreements with The Kingdom of Morocco, was signed at the recently held First Meeting of the Governing Board of the AATB in Morocco, with the view to develop a general framework for the development of…
by Kasun Illankoon Dawood Al Hajiri, Director General of Dubai Municipality on Thursday opened Al Lisaili Abattoir, which is set up with advanced equipment and tools. During the opening, he was briefed on the practices at the Abattoir, which will provide services to the residents of the region according to the highest standards in the field of work in the abattoirs. The Al Lisaili Abattoir is in compliance with the green building requirements approved by Dubai Municipality. Environmental conservation systems were taken into account by reducing the thermal emission and a centralized system was followed for cleaning the slaughtering halls…
Linesight, has revealed that it is currently working on project developments worth in excess of US$10 billion and is experiencing average annual revenue growth of 6.6%. Some of their more notable projects include the US$430 million Bahrain Marina mixed-use development, the US$4 billion Thakher City mixed-use development in Makkah, Saudi Arabia and the MAF City Centre Ishbiliyah retail development, in Riyadh. Elsewhere in the GCC, Linesight is involved in several projects in Saudi Arabia, including the US$293 million Al Faisaliah District redevelopment project in Riyadh, which will involve the upgrade of Al Khozama’s retail, hospitality and commercial assets starting with…
Bentley Systems Incorporated, has announced the acquisition of Agency9. Agency9 is a leading provider of web and mobile solutions for 3D visualization of geographic information and maps for collaboration and communication. The company was established in 2003 and is headquartered in Stockholm, Sweden The company has already provided nearly half of Sweden’s larger municipalities with city-scale digital twin cloud services for city planning and related web-based 3D visualization. Since 2012, Agency9 has taken advantage of reality meshes created by Bentley’s ContextCapture reality modeling software as the digital context for visualizing urban infrastructure assets represented in GIS data, terrain surveys, and BIM models. Bentley’s…
Scania has announced the launch of its new and complete truck range in the UAE. Scania’s new truck generation is extending its offering, and with its unique modular system, supply more performance steps, connectivity, and a comprehensive palette of productivity-enhancing services as well as customised transportation solutions. Over two billion Euros was invested into the new truck range, the company announced. The new truck range further improves Scania’s already strong fuel performance due to factors such as improved powertrains and better aerodynamics. Another notable feature is the availability and offering of 24 different cab models. As to driver’s safety, the…
FarEye, a global predictive logistics platform, is eyeing the distribution logistics industry in the Middle East with its technology solution that provides real-time visibility of the goods in the supply chain. FarEye has designed an end-to-end platform to run distribution logistics and optimize goods movement. The ‘On-Demand’ solution ensures that every received order gets accepted and catered in minimum time with least logistics cost. The key features includes improved operational efficiency, ensure error-free Intelligent Deliveries, improve Rider’s efficiency, and data-driven business insight. “With our efficient solution, we are helping businesses by digitalizing their Demand and Inventory planning process. Besides, it enables…
Aramax, leading global provider of comprehensive logistics and transportation solutions, announced its financial results for the third quarter ended 30th September 2018. Aramex’s quarter three 2018 net profit surged by 38% to AED 113 million, compared to AED 82 million in Q3 2017. Net profit for the nine-month period ending September 30th, increased by 25% to AED 339 million compared to AED 270 million in the prior year period. Revenue for the quarter rose by 8% to AED 1,239 million, compared to AED 1,143 million in Q3 2017. Revenue for the nine-month period ending September 30th also increased by 8% to AED…
by Kasun Illankoon Schneider Electric, the leader in digital transformation of energy management and automation, announced today that energy efficiency innovations are enabling the UAE’s $72 billion worth of energy investments during the recent Innovation Day Dubai. Energy efficiency is a major investment point for every step in the energy process, from energy generation in power plants, to Smart Cities with connected grids for energy transmission, down to monitoring and repairing electrical infrastructure in individual buildings, argues Schneider Electric. “The UAE’s massive investment in energy efficiency shows that in the Digital Economy, the foundation is energy and electricity,” said Hanan…