黑料社区

AMAK showcases 黑料社区鈥檚 mining potential

AMAK showcases 黑料社区鈥檚 mining potential
From left: Abdulrahman Al-Belushi, assistant deputy minister for mining enablement; Mohammed bin Manea Aballala, chairman at AMAK; Geoffrey Day, CEO at AMAK; Turki Albabtain, deputy minister for mining development; and Ahmed bin Muhammad Faqih, deputy minister for mining control.
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Updated 20 January 2025

AMAK showcases 黑料社区鈥檚 mining potential

AMAK showcases 黑料社区鈥檚 mining potential

Al-Masane Al-Kobra Mining Company highlighted the Kingdom鈥檚 emerging position as a global mining hub during the Future Minerals Forum 2025 and announced the addition of three new exploration licenses for base and precious metals after winning the seventh round of the mining bids organized by the Ministry of Industry and Mineral Resources.

Underlining the recent operational achievements that demonstrate the sector鈥檚 growth potential, Geoffrey Day, chief executive officer of AMAK, said: 鈥満诹仙缜 has established itself as one of the most progressive and supportive countries for mining development. The Kingdom鈥檚 mineral wealth, estimated at SR9.4 trillion ($2.5 trillion) according to the Ministry of Industry and Mineral Resources, combined with supportive government policies and initiatives, along with infrastructure development projects, creates unprecedented opportunities for international collaboration.鈥

Strategic growth and operational excellence

AMAK has accomplished several significant milestones that accelerate the Kingdom鈥檚 mining sector, in line with the goals outlined in Saudi Vision 2030. These include the completion of the Moyeath processing plant within the Al-Masane Mine. The expansion has increased annual ore processing capacity to 1.2 million tonnes, enabling a combined production of 30-40 kt of copper concentrate, 60-80 kt of zinc concentrate, 35-45 koz of gold, and approximately 500 koz of silver.

As part of its 2025 strategic growth plan, AMAK is advancing several key projects. These include the Khutainah Gold Project, and the Nuham Iron Ore Project with more than 7 Mt resources. The company also plans to initiate underground mining operations at the Guyan Gold Mine in 2025, which is expected to reduce gold production costs through higher-grade underground reserves and lower production costs.

Sustainability and national talent

The company鈥檚 commitment to sustainable practices includes initiatives to connect its facilities to the national power grid, which will reduce diesel consumption and improve the company鈥檚 carbon footprint. AMAK is also expanding its dry tailing storage capacity to accommodate all current and future mineable reserves, supporting both operational growth and environmental sustainability.

In alignment with Vision 2030鈥檚 focus on human capital development, AMAK has achieved a 36 percent localization rate in its workforce. The company鈥檚 partnership with the Saudi Mining Polytechnic has been instrumental in training Saudi youth for specialized roles in the mining sector.聽

Recently, 30 Saudi trainees completed a comprehensive two-year diploma program and are now actively contributing to various operational areas.

鈥淥ur growth strategy fully supports the Kingdom鈥檚 vision by developing 黑料社区鈥檚 rich mineral resources while contributing to local economies,鈥 Day said. 鈥淭he expansion of our operations, combined with our focus on sustainability and national workforce development, demonstrates our commitment to creating long-term value for all stakeholders.鈥

Transformative potential of mining

Day also highlighted the transformative potential of 黑料社区鈥檚 mining sector in addressing global mineral supply challenges. 鈥淭he Kingdom is strategically positioned to become a key supplier of critical minerals essential for the global energy transition. With our expanding operations and focus on innovation, AMAK is well-positioned to support this transformation.鈥

The company鈥檚 strategic approach aligns with 黑料社区鈥檚 broader ambitions to rank among the top 10 mining countries globally. AMAK鈥檚 recent investments in exploration and processing capabilities demonstrate the opportunities available within the Kingdom鈥檚 mining sector, which is supported by robust infrastructure development, including ports, modern highway networks, and industrial zones.

鈥淲hat makes 黑料社区 particularly attractive for mining investment is the combination of geological wealth, strategic location between Asia, Europe, and Africa, and the introduction of the Mining Investment Law,鈥 Day added. 鈥淭hese factors, coupled with the Kingdom鈥檚 commitment to developing the sector, create an unprecedented opportunity for global partnerships.鈥

AMAK鈥檚 participation in FMF 2025, marking its fourth consecutive year at the forum, reflects its ongoing commitment to advancing 黑料社区鈥檚 mining sector. The company continues to implement advanced technologies, including prospectivity mapping and systems for real-time tracking of metals from mine to smelter, positioning itself at the forefront of mining innovation in the region.


Alshaya Group inks deal with Shomoul Holding to invest $150m in The Avenues 鈥 Riyadh

Alshaya Group inks deal with Shomoul Holding to invest $150m in The Avenues 鈥 Riyadh
Updated 08 October 2025

Alshaya Group inks deal with Shomoul Holding to invest $150m in The Avenues 鈥 Riyadh

Alshaya Group inks deal with Shomoul Holding to invest $150m in The Avenues 鈥 Riyadh

Shomoul Holding, a subsidiary of Mabanee Company, has announced the signing of an agreement with Alshaya Group, a leading international retail franchise operator of around 70 world-class brands. 

Under the agreement, which represents an investment of $150 million by Alshaya Group, the company鈥檚 world-famous brands will open across a total leasable area of more than 50,000 square meters in 100 stores at The Avenues 鈥 Riyadh, creating jobs for 2,500 Saudi nationals.

Set to become one of the largest and most prominent shopping and leisure destinations in the Middle East and Africa region, The Avenues 鈥 Riyadh will span a land area of 390,000 square meters, with a gross leasable area of 370,000 square meters. This landmark project will feature a wide array of global retail outlets alongside exceptional leisure and entertainment concepts and is scheduled to open in the first quarter of 2027.

Waleed Alsharian, CEO of Shomoul Holding, said: 鈥淭he Avenues 鈥 Riyadh represents a major milestone in our journey to create exceptional, integrated destinations that seamlessly combine retail, leisure, and hospitality. The addition of these prestigious brands from Alshaya Group will further elevate the visitor experience at one of the most anticipated shopping and entertainment hubs in 黑料社区 and the wider region.鈥

John Hadden, CEO of Alshaya Group, added: 鈥淲e are delighted to be part of The Avenues 鈥 Riyadh, which reflects our ongoing commitment to bringing the finest global brands and outstanding retail and leisure experiences to our customers in 黑料社区. With over 100 stores 鈥 including many flagship stores from our famous brands including our new partner Ulta Beauty, our first DreamWorks entertainment center, and more new brands to follow 鈥 our investment demonstrates our support of growth in the Kingdom and the employment of Saudi nationals.鈥

Alshaya Group鈥檚 portfolio at The Avenues 鈥 Riyadh will include a diverse range of brands including Starbucks, American Eagle, Footlocker, Victoria鈥檚 Secret, H&M, Bath and Body Works, Charlotte Tilbury, Raising Cane鈥檚, Shake Shack, and Chipotle, as well as recently announced new partner Ulta Beauty. The first Ulta Beauty store in the region will open in The Avenues, Kuwait, in November. 

Last year, Alshaya Group also announced a strategic partnership with DreamWorks Animation and Universal Live Entertainment to launch the Middle East鈥檚 first DreamPlay interactive and creative entertainment center. The region鈥檚 first DreamPlay will also open at The Avenues 鈥 Riyadh, further strengthening its position as a premier, fully integrated family leisure hub.

The destination will also feature more leading entertainment experiences from Alshaya Group, including Masha and the Bear, Zafari, Cube Karting, and Sports Ultimate.


Thabet Investment and Singapore鈥檚 Five Keys launch $100m 鈥楨verbridge Capital鈥 to support fintech innovation

Thabet Investment and Singapore鈥檚 Five Keys launch $100m 鈥楨verbridge Capital鈥 to support fintech innovation
Updated 08 October 2025

Thabet Investment and Singapore鈥檚 Five Keys launch $100m 鈥楨verbridge Capital鈥 to support fintech innovation

Thabet Investment and Singapore鈥檚 Five Keys launch $100m 鈥楨verbridge Capital鈥 to support fintech innovation

In a strategic move aimed at bolstering the Saudi financial sector, Thabet Investment Company has announced a partnership with the Singaporean firm Five Keys Investment Pte. Ltd., to establish a specialized financial technology company.

Headquartered in Riyadh, Everbridge Capital, launched with an investment of SR375 million ($100 million), will provide innovative financing solutions for small and medium-sized enterprises and contribute to bridging the current financing gap in this sector, which is estimated to be more than SR300 billion.

This launch aligns with the objectives of the Financial Sector Development Program, a key component of Saudi Vision 2030, which seeks to increase SME financing from its current level of 9.4 percent to 20 percent by 2030.

Dr. Abdulelah bin Ahmed Saleh, who holds a Ph.D. from King Abdullah University of Science and Technology, has been appointed CEO of the new company.

Abdulrahman bin Ahmed Saleh, CEO of Thabet Investment, said: 鈥淭he launch of Everbridge Capital demonstrates our commitment to our national role in achieving Vision 2030 by bridging the financing gap in the fintech sector and providing a growth engine for this vital industry.

Our partnership with Five Keys ensures we can deliver innovative solutions that meet global standards. Empowering SMEs and providing them with the necessary resources to succeed drives innovation and creates new opportunities for economic growth.鈥

Commenting on his appointment, Abdulelah said: 鈥淚 am honored to lead Everbridge Capital at this pivotal stage of the Kingdom鈥檚 economic transformation.

Our mission is clear: to be the bridge that enables SMEs to cross over to growth and prosperity, turning the SR300 billion financing gap challenge into an opportunity, and actively contributing to the Financial Sector Development Program鈥檚 goal of reaching 20 percent financing. Our vision is to be the most innovative and trusted financial partner for entrepreneurs in the Kingdom.鈥


Moscow Startup Summit displays technologies of the future from startups worldwide

Moscow Startup Summit displays technologies of the future from startups worldwide
Updated 06 October 2025

Moscow Startup Summit displays technologies of the future from startups worldwide

Moscow Startup Summit displays technologies of the future from startups worldwide

The Moscow Startup Summit, held on Oct. 1鈥2, welcomed startups from around the globe to showcase future technologies. Organized by Sber and the Moscow government, the event featured more than 60 sessions and presentations by over 150 experts from Russia and abroad.

The summit鈥檚 agenda covered five key tracks catering to all participants. Main stage sessions explored global tech trends and the impact of generative AI on innovation-driven businesses. Topics included macro-trends and autonomous entrepreneurship, highlighting how generative AI transforms markets, supply chains, and partnership models.

The opening remarks were delivered via a video message by Prime Minister of Russia Mikhail Mishustin, who stressed the significance of collaborating with BRICS and SCO nations to promote tech startups.

Highlights included a panel discussion featuring Moscow Mayor Sergei Sobyanin and CEO and Chairman of the Sberbank Executive Board Herman Gref, stressing the importance of advancing new technologies, creating jobs, and attracting talented professionals by offering a comfortable lifestyle.

Gref said that Moscow now offers distinctive living conditions. These include a comfortable urban environment, an expanded subway system, and overall improvement in transportation infrastructure. Ultimately, these developments create superior living conditions for young people, encouraging them to remain in their home country, while also fostering unique opportunities for startup ventures.

Moscow, noted Sobyanin, possesses all necessary conditions for growing high-tech industrial enterprises. Entrepreneurs and businesses are actively returning to the city due to highly skilled and motivated talent pools unavailable elsewhere.

Creating a welcoming environment and new employment opportunities, Moscow invests heavily in industrial sector upgrades. Priority lies in import-substitution technologies, whose advancement fuels adjacent industries.

Both Gref and Sobyanin concurred that having the right environment is vital for fostering startups. Creating opportunities for work and living encourages young professionals to stay in their home country and pursue pioneering ideas locally.

Gref added that building environments in Russian cities is a social duty and mission of Sber. Employees at Sber take pride in their accomplishments, striving to make each project a benchmark for the nation.

A tech exhibition displayed 60 booths showcasing startups. Forty-one Russian teams joined forces with 19 international startups from Brazil, Egypt, India, Indonesia, Iran, Kazakhstan, China, Pakistan, 黑料社区, Uzbekistan, and France.

Another highlight was the Demo Day of the international IT accelerator Sber500. Any angel investor or venture fund representative could declare investment readiness online 鈥 either fully funding or partially joining syndicated rounds. Startups received over 1.2 billion Russian rubles ($14.6 million) in investment proposals from angels, VC funds, and investor clubs.

Final presentations were given by 30 startups, including 25 graduates of the main track and five participants from the AI-focused Sber500-GigaChat track. Session moderator Alexander Vedyakhin, Sberbank鈥檚 first deputy chairman of the executive board, said that nearly 70 percent of finalists utilized generative AI, with 48 percent classified as deep-tech projects.

Six of the 25 finalists were international, originating from India, Algeria, the UAE, South Korea, and Pakistan, while two teams had co-founders from Denmark and Iran.

Applications for the sixth wave of the accelerator program exceeded 1,900 submissions from 42 countries. Following bootcamp evaluations, 150 startups progressed, resulting in the selection of the top 25 teams. Almost 85 percent worked with AI, and 70 percent leveraged generative AI. Twelve finalists presented deep-tech projects.

Finalists demonstrated solutions spanning biomedicine (33 percent), industrial robotics and tech (15 percent), corporate software (12 percent), fundamental technologies (12 percent), construction and development (7 percent), and cybersecurity (7 percent).

Notable innovations included diagnostic platforms detecting mental disorders via lipidome blood tests, next-generation neuroprocessors turning ordinary gadgets into intelligent systems, and AI-powered photo-to-detailed-3D-model conversion technology. Also shown were 3D printing technologies for buildings of varying heights, IoT sensors with deep AI analytics for industrial machinery, and portable breath trainers paired with personalized AI assistants.

Capping the summit was the presentation of Startup Summit Awards. The award was initiated by the Moscow Government and Sber and is intended to recognize best practices in innovation and encourage large companies and investors to support tech entrepreneurs.. More than 1,700 applications were received from 79 regions of Russia. On Oct. 2, winners were honored across 17 categories, encompassing startups, investors, corporations, universities, and media outlets.


Awe Research unveils 鈥楥X-awe鈥 platform to accelerate Kingdom鈥檚 transformation

Awe Research unveils 鈥楥X-awe鈥 platform to accelerate Kingdom鈥檚 transformation
Updated 06 October 2025

Awe Research unveils 鈥楥X-awe鈥 platform to accelerate Kingdom鈥檚 transformation

Awe Research unveils 鈥楥X-awe鈥 platform to accelerate Kingdom鈥檚 transformation

The energy was electric at the Four Seasons Hotel Riyadh as Awe Research, a leading marketing research agency in the MENA region, welcomed more than 90 senior executives and leading experts to its flagship forum 鈥淪audi Next: From Vision to Impact.鈥 The event showcased the Kingdom鈥檚 rapid transformation and revealed CX-awe, a breakthrough platform that could revolutionize customer experience research in 黑料社区 and beyond. 

Ahmed Said, CEO and founder, opened the forum with a call to action: aligning insight-driven strategies with 黑料社区鈥檚 Vision 2030. Ghaida Fatany, KSA country manager and partner, emphasized the importance of grounding strategies in local realities, while Mona Ahmed, regional managing director and partner, described the event as 鈥渁 room alive with engagements, collaborations, and Saudi pride.鈥 

Tamer Ali, General Manager Healthcare, MENA, highlighted the latest health and wellness trends in Saudi, focusing on the fight against obesity with its social and economic impact. 

The day鈥檚 biggest reveal came when Vimal Kumar introduced CX-awe, an AI-integrated platform capable of turning weeks of CX research into just minutes of actionable insights. By combining automation, advanced analytics, and local expertise, the system promises to reshape how corporations and government entities make decisions. 

鈥淐X-awe is not just a tool, it is a response to the pace of transformation,鈥 Kumar said. 鈥淚n today鈥檚 黑料社区, every decision counts, and speed is everything.鈥 

Samar Abdelaal, vice president insights and co-founder, led a thought-provoking panel discussion that offered a cross-section of perspectives and enlightening conversations: 

  • Dr. Saud El-Sifri, vice president MENA, Saudi Scientific Diabetes Society and president, Saudi Society for the Study of Obesity, spoke passionately about public health challenges, stressing collective action to reduce obesity. 
  • Noble Coker, customer experience and QA adviser, Diriyah, reminded attendees that 鈥渋mpact is not transactional, it is rooted in resonance and authenticity of the Saudi people.鈥 
  • Saleh Alsuwaiyel, tourism data and insights adviser, Saudi Tourism Authority, highlighted how tourism data can spark wider industry growth 鈥 not just tourism, but the entire ecosystem. 
  • Iman Tolba, marketing director, BMW Group, captured the audience鈥檚 mood, describing the insights as 鈥渕ind-blowing and strategy shaping.鈥 

Their messages pointed to a common truth: 黑料社区鈥檚 future is not just about infrastructure or policy, it is about understanding people. 

Since its founding in 2012, Awe Research has evolved into the fastest-growing research consultancy in MENA, serving 300+ clients across 35+ markets. Its 200+ professionals represent more than 14 nationalities, bringing both local understanding and global expertise. 

The company has received several accolades including Fastest Growing Marketing Research Agency in MENA (2022) and the Business Excellence Award for Innovation and Leadership (2024). 

鈥淪audi Next was a milestone,鈥 said CEO Said. 鈥淚t鈥檚 proof of our mission: to create insights that live and breathe with the people they represent. We call it 鈥榣iving research鈥.鈥 

For many in attendance, the forum was more than a corporate event 鈥 it was a lens into the Kingdom鈥檚 transformation story. By launching CX-awe, Awe Research signaled its readiness to support leaders who must move at the speed of transformation. 

鈥満诹仙缜 is moving forward with incredible momentum,鈥 said Ahmed. 鈥淲ith CX-awe, we are making sure leaders have insights as fast as the change itself.鈥 

 


Why organizations in 黑料社区 are moving to Google Cloud 鈥 with Bespin Global

Why organizations in 黑料社区 are moving to Google Cloud 鈥 with Bespin Global
Updated 05 October 2025

Why organizations in 黑料社区 are moving to Google Cloud 鈥 with Bespin Global

Why organizations in 黑料社区 are moving to Google Cloud 鈥 with Bespin Global

As 黑料社区 accelerates its digital transformation under Vision 2030, organizations across the Kingdom are re-evaluating their cloud strategies. One major trend being seen at Bespin Global MEA is the growing adoption of Google Cloud, especially following the launch of the Google Cloud region in Dammam. 

With enhanced data sovereignty, low-latency services, and compliance with local regulations, Google Cloud is rapidly becoming the platform of choice for organizations looking to modernize operations and scale efficiently. As a Premier Google Cloud Partner and Managed Services Provider, Bespin Global MEA has helped leading enterprises across industries transition smoothly, unlocking tangible benefits in security, reliability, cost-optimization, and innovation. 

Why organizations are switching to Google Cloud 

1. Enterprise-grade security 

Security remains the top concern for CIOs and CISOs. Google Cloud鈥檚 built-in security features such as Cloud Identity, Identity and Access Management, and a security-first global infrastructure, offer a robust foundation. Bespin Global MEA builds upon this with customized security architectures, 24/7 threat monitoring, and compliance frameworks tailored to sector-specific needs, from finance to healthcare. 

2. Unmatched reliability 

Downtime is not just inconvenient; it directly impacts customer trust and business continuity. Google Cloud鈥檚 advanced features, including live migration and automated failovers, keep systems running smoothly, even during updates. With Bespin Global鈥檚 proactive monitoring and incident response, clients experience significantly improved uptime and operational resilience. 

3. Scalability and elasticity 

Organizations in 黑料社区 are growing fast. Whether expanding internationally or responding to sudden surges in demand, Google Cloud鈥檚 architecture supports real-time scaling. With Kubernetes auto-scaling, elastic workloads, and intelligent resource allocation, scalability becomes seamless. Bespin Global designs cloud environments that flex with your growth, ensuring long-term agility. 

4. Cost transparency and optimization 

Cloud budgets can spiral without oversight. Google Cloud鈥檚 pricing model, featuring pay-as-you-go, committed use discounts, and spot instances offers real cost control. Bespin Global further enhances this with FinOps services, including budget forecasting, cloud spend governance, and optimization strategies. 

One standout offering is the OpsNow platform: a smart invoicing and cost-management system powered by AI. It includes anomaly detection, cost chargeback by department, and real-time insights that help organizations track and control cloud expenses effectively. 

5. Innovation-ready toolset 

From AI and analytics to modern application development, Google Cloud is packed with cutting-edge tools like BigQuery, Cloud Spanner, and Gemini AI. Bespin Global enables clients to turn these tools into business value, consolidating complex data environments into real-time analytics dashboards that empower smart, fast decision-making. 

Why choose Bespin Global? 

Bespin Global MEA stands at the forefront of cloud innovation in the Kingdom. With hundreds of successful migrations across the MENA region, the company goes beyond simple lift-and-shift projects. Its approach is strategic, hands-on, and outcome-driven. 

The company provides: 

  • Cloud strategy and assessment 
  • Seamless, zero-downtime migrations 
  • Secure, scalable GCP architectures 
  • Compliance and security configuration 
  • 24/7 managed services and cloud optimization 

Whether you are in finance, healthcare, retail, or the public sector, Bespin Global helps you maximize your Google Cloud investment, turning cloud into a growth engine. 

To learn more, visit: www.bespinglobal.sa