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AVIATION-
Riyadh Air + Sabre: The kingdom’s newest carrier, Riyadh Air, has hired US-based travel technology company Sabre to provide its end-to-end solutions to the airliner’s network planning, commercial and analytics operations, according to a statement by Sabre yesterday. The technology will help Riyadh Air “make informed network planning and commercial decisions, ensuring greater revenue returns,” Riyadh Air Chief Commercial Officer Vincent Coste said.
REMEMBER- Riyadh Air is set to kick off its operations next year and has a target of operating flights between 100 destinations by 2030.
SPACE-
Saudi Space Agency (SPA) has inked two separate agreements with the global space surveillance companyNorthStar and US-based LeoLabs, it said in a press release (pdf). The agreement will see SPA separately cooperate with both companies to boost the space industry in the Kingdom.
ARTIFICIAL INTELLIGENCE-
The Saudi Data and Artificial Intelligence Authority (SDAIA) signed a number of MoUs aimed at adopting smart city technologies during the Global Smart Cities Forum in Riyadh yesterday. Those include:
- A MoU with Aseer Regional Development Authority to provide joint technological services and share expertise on data, AI and smart cities;
- A MoU with Sharqia Development Authority to adopt smart city technologies in the region;
- A MoU with the Red Sea Authority to provide Deem cloud services to help boost the authority’s infrastructure and digital transformation.
INFRASTRUCTURE-
TheSaline Water Conversion Corporation (SWCC) signed a commercial service agreement with Modon to design and execute a flood water and residual water drainage system at Dammam’s second industrial city, state news agency SPA. The agreement comes a few months after Modon signed in November an agreement with the SWCC to set up and operate a number of water infrastructure projects in Al Kharj Industrial City.
ENERGY-
#1-Gas Arabian Services was awarded a SAR 35 mn contract from Yamama Cement to supply metering skids, pressure reduction station and gas pipelines, it said in a disclosure to Tadawul yesterday.
DEBT WATCH-
Knowledge Tower Trading plans murabaha sukuk: Educational consulting services provider Knowledge Tower Trading plans to issue SAR-denominated murabaha sukuk worth 20 mn as part of its sukuk program, it said in a disclosure to Tadawul yesterday. The issuance aims to boost working capital, operations and the expansion and investments in its assets, it said. It appointed Tarmeez Capital as the sole arranger of the offering.
