{"id":86075,"date":"2024-05-13T00:00:00","date_gmt":"2024-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/13\/saudi-gigaproject-summit-kicks-off-mohammed-hadi-al-rasheed-wraps-nomu-ipo\/"},"modified":"2024-05-13T00:00:00","modified_gmt":"2024-05-13T00:00:00","slug":"saudi-gigaproject-summit-kicks-off-mohammed-hadi-al-rasheed-wraps-nomu-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/13\/saudi-gigaproject-summit-kicks-off-mohammed-hadi-al-rasheed-wraps-nomu-ipo\/","title":{"rendered":"Saudi Gigaproject Summit kicks off + Mohammed Hadi Al Rasheed wraps Nomu IPO"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>We have a fairly packed issue for you this morning, with news of everything from a big fintech IPO to a heads-up to brace yourselves for tons of aviation news next week. Let\u2019s jump right in:<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/events.meed.com\/event\/saudigigaprojects\/\" style=\"\" rel=\"noopener\">Saudi Gigaproject Summit<\/a><\/strong><strong> will open today at the Hilton Riyadh Hotel and <\/strong><strong>Residences. <\/strong>The Meed event will showcase Saudi\u2019s USD 870 bn gigaproject drive. The Kingdom\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3b473a40-965c-44aa-b4d7-d023fd47bcf2\/saudi-has-multiple-multi-bn-usd-construction-projects-in-the-pipeline-%25e2%2580%2594-here%25e2%2580%2599s-a-rundown-of-high-profile-gigaprojects\" style=\"\" rel=\"noopener\">multi-bn USD pipeline of construction projects<\/a> is changing the face of the country and creating significant room for the private sector as a catalyst for Saudi\u2019s diversification away from oil. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mep-expo.com\/en\/home-4\/\" style=\"\" rel=\"noopener\">Middle East Poultry Expo<\/a><\/strong><strong> opens in a few hours in the capital at the Riyadh <\/strong><strong>International Convention and Exhibition Center.<\/strong> The Environment, Water, and Agriculture Ministry-sponsored event is the Kingdom\u2019s largest event of its kind for the poultry industry. It wraps up on Wednesday, 15 May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> Saudi is the Middle East and Africa\u2019s top poultry producer and the third-largest consumer of poultry and meat products globally, according to the expo page.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>There\u2019s a chance of rain in <strong>Riyadh<\/strong> with a daytime high of 41\u00b0C and a low of 27\u00b0C. <strong>Makkah<\/strong> will be sunny today with a high of 42\u00b0C while the low is expected at 29\u00b0C. Meanwhile, <strong>Jeddah<\/strong> is looking windy with a high of 35\u00b0C and a low of 29\u00b0C.<\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> !_Anchor07_! <strong>More than 300 British companies will descend upon Riyadh tomorrow and Wednesday <\/strong>for <a target=\"_blank\" href=\"https:\/\/www.events.great.gov.uk\/website\/13088\/\" style=\"\" rel=\"noopener\">Saudi Great Futures<\/a>, a UK government-sponsored investment conference backed by our friends at HSBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deputy Prime Minister Oliver Dowden will be leading the delegation <\/strong>as part of a year-long campaign that UK official hope will result in expanded \u201ctrade, tourism, education, and cultural activity.\u201d Dowden is no stranger to the Saudi \u2014 the Tory MP spoke last fall at the Future Investment Initiative \u2014 check out his remarks <a target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/speeches\/deputy-prime-minister-oliver-dowdens-speech-to-the-future-investment-initiative-24-october-2023\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch:<\/strong> \u201cThe Saudis have a respect and appetite for British intelligence, ingenuity, skills and experience from architecture to education, clean tech to AI, luxury to fashion and creativity to construction,\u201d the event website declares. Dowden\u2019s office notes that the \u201cfive lead gigaprojects\u201d will see investment of c. USD 3 tn through 2030.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- It\u2019s shaping up to be an important week for Saudi-US relations. <\/strong>US Energy Secretary Jennifer Granholm is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/478b8709-dd5b-4c60-a18c-60a2a0d3e193\" style=\"\" rel=\"noopener\">due in town later this week<\/a>, suggesting that talks are advancing on a pact that could see US support for the Saudi nuclear power industry. A nuclear energy pact is one of three cornerstone agreements (along with one on defense and a third on AI and advanced technologies) that could be part of a grand accord that sees us normalize relations with Israel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some in Washington are again speculating that Washington could aim to go it alone <\/strong>and conclude <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4f8c0a4d-68ec-47a3-b22d-411374abe3a6\/\" style=\"\" rel=\"noopener\">bilateral agreements with Riyadh on defense, AI, and nuclear power<\/a>&nbsp;if Israeli Prime Minister Benjamin Netanyahu refuses to move on a clear path to statehood for Palestine \u2014 a key Saudi requirement for normalization. <a target=\"_blank\" href=\"https:\/\/www.voanews.com\/a\/us-nears-decision-point-on-security-deal-with-saudis\/7608146.html?utm_source=pocket_reader\" style=\"\" rel=\"noopener\">State-funded Voice of America<\/a> is the latest to advance the idea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO THIS WEEK- Nasa Administrator Bill Nelson will be in Riyadh this week <\/strong>as part of a tour that will also take him to Italy. \u201cNelson will meet with Saudi Space Agency and other senior officials to discuss future collaboration and underscore the importance of civil space cooperation for the broader United States and Saudi Arabia relationship,\u201d a <a target=\"_blank\" href=\"https:\/\/www.nasa.gov\/news-release\/nasa-administrator-to-engage-officials-in-italy-vatican-saudi-arabia\/\" style=\"\" rel=\"noopener\">Nasa statement<\/a> reads.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a>  <strong>#1- Riyadh-based construction and mining firm Mohammed Hadi Al <\/strong><strong>Rasheed wrapped up <\/strong><strong>its <\/strong><strong>IPO <\/strong><strong>on parallel<\/strong><strong> market Nomu<\/strong> yesterday, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1726828\" style=\"\" rel=\"noopener\">Argaam<\/a> reports, citing a statement from the company\u2019s financial advisor and lead manager Yaqeen Capital. Tadawul will set a listing date on Nomu following the completion of the necessary paperwork, the statement says. Subscription for qualified investors on a price range of SAR 22 to SAR 28 per share wrapped last Monday, 6 May. The company is <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1726828\" style=\"\" rel=\"noopener\">going public with a 12% stake<\/a> on the parallel market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a solid IPO pipeline for Nomu:<\/strong> The parallel market\u2019s pipeline includes school operator <strong>Horizon Educational<\/strong> which will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0c079d3d-57fd-428f-bbc5-271112fe5ac7\/strong-investor-appetite-sees-miahona-price-at-the-top-of-the-range\" style=\"\" rel=\"noopener\">wrap up its book-building process<\/a>&nbsp;on Thursday. The Riyadh-based school operator is taking a 20% stake to market that could see it generate up to SAR 27 mn in proceeds. Other Nomu listings unfolding now include Riyadh-based advisor <strong>Yaqeen Capital<\/strong> (itself a top advisor on Nomu IPOs) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4e5ca942-40dd-422b-97d5-18ea183f6fe8\" style=\"\" rel=\"noopener\">with a 20% stake<\/a> and <strong>Leaf Global<\/strong> Environmental Services <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3cd30d00-bff4-49a2-8d03-72cd2400bd39\" style=\"\" rel=\"noopener\">with a 30% stake<\/a>. Medical supplies outfit <strong>Qomel&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/61ac3aa3-9b66-4cdf-939c-bfd106406bc2\" style=\"\" rel=\"noopener\">rang the bell<\/a> on Nomu last week to mark the first day of trading on its shares. It took a 14.3% stake to the market.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- Local investors and businessmen were in Egypt for a show and tell on the <\/strong><strong>New <\/strong><strong>Administrative Capital<\/strong>, the Administrative Capital for Urban Development (ACUD) said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ACUDEGY\/posts\/pfbid0JKykYvxVN7cZfj4ykYQys1CHkSTNm6U5L6eoz58KmVjAtk7F4wmLmQcRtR4Jhnq7l?locale=ar_AR\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The delegation members met with ACUD Chairman Khaled Abbas, toured the city, and were briefed on its landmark projects and potential investments in the USD 58 bn development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The GCC is looking to reduce dependency on<\/strong><strong> oil revenues with a comprehensive <\/strong><strong>economic diversification strategy<\/strong>, GCC Secretary-General Jassim Mohammed Al Budaiwi said at the Gulf Creatives Conference at Harvard, according to <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2101049\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. The strategy was designed to build flexible economic structures among the GCC, as well as to lure in foreign direct investments, he said. Al Budaiwi also highlighted efforts to boost trade among the GCC, including the unified economic agreement, the Gulf Common Market, and a waiver of tariffs on products of GCC member countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Madinah began the process of becoming the Middle East\u2019s first autism-certified city&nbsp;<\/strong>by the US-based International Board of Credentialing and Continuing Education Standards, according to a <a target=\"_blank\" href=\"https:\/\/ibcces.org\/blog\/2024\/05\/09\/medina\/\" style=\"\" rel=\"noopener\">statement<\/a>. The push for certification comes under a partnership to develop the city\u2019s landscape to help accommodate autistic folks and their families. The designation would help \u201censure there are welcoming options for everyone\u201d in Madinah, according to the statement.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Saudi imported <\/strong><strong>SAR 6.8 bn<\/strong><strong>-worth of goods from other GCC countries in February, <\/strong><strong>up 19% <\/strong><strong>y-o-y<\/strong>, <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/844.pdf\" style=\"\" rel=\"noopener\">data from the government\u2019s statistics agency Gastat (pdf)<\/a> showed. The UAE accounted for the lion\u2019s share of imports, making up 65% or SAR 4.4 bn of the overall GCC exports to Saudi. Oman came in second with SAR 1.3 bn worth of exports to the Kingdom in February, marking a 40% y-o-y increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming out: <\/strong>China was the largest source market for imports to Saudi in February, with SAR 12.6 bn worth of goods, the data showed. The US came in second with exports of SAR 5 bn to Saudi.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<br \/><\/strong><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>&nbsp;and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a>&nbsp;to get your own copy of EnterpriseAM Saudi delivered every weekday before 7am Riyadh time \u2014 without charge, thanks to our friends at Cenomi.<br \/><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a reasonably quiet morning in the global business press<\/strong>, as is often the case on Mondays. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some 300k Palestinians are on the move in Gaza <\/strong>after being forced out of Rafah by the Israeli army. \u201cMany say they have nowhere to go,\u201d writes the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/11\/world\/middleeast\/israel-gaza-rafah-palestinians.html\" style=\"\" rel=\"noopener\">New York Times<\/a> in the understatement of the year. Hamas troops, meanwhile, are pinning down the IDF in northern Gaza and other areas that the IDF had claimed to have cleared of the group, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/palestinians-flee-expanded-rafah-fighting-even-as-hamas-resurges-in-northern-gaza-55531eec?mod=hp_lead_pos9\" style=\"\" rel=\"noopener\">WSJ notes<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME: Kuwait\u2019s foreign minister as well as its ministers of petroleum and <\/strong><strong>finance retained their posts<\/strong> after Prime Minister Sheikh Ahmad Abdullah Al-Sabah <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/kuwait-forms-new-government-headed-by-ahmad-abdullah-al-sabah-2024-05-12\/\" style=\"\" rel=\"noopener\">formed a new cabinet<\/a> just a couple of days after the country\u2019s emir dissolved parliament. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ELSEWHERE- Shakeup in Russia. <\/strong>Russian President Vladimir Putin has appointed a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/putin-proposes-sacking-defence-minister-shoigu-parliament-says-2024-05-12\/\" style=\"\" rel=\"noopener\">civilian<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/putin-proposes-sacking-defence-minister-shoigu-parliament-says-2024-05-12\/\" style=\"\" rel=\"noopener\">economist to run the Defense Ministry<\/a> in a surprise shakeup.<\/p>\n<p class=\"tag-border-left\">THE WORLD THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Washington powerbrokers, lobbyists, and diplomats the world over will be watching <\/strong><strong>closely as US Senator Bob Menendez goes on trial <\/strong>for allegedly taking \u201cbribes to influence state and federal prosecutors to go easy on his associates, aid the government of Egypt and help seal a deal between an associate and an investment company led by a member of the Qatari royal family.\u201d <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/05\/12\/gold-bars-bob-menendez-trial-00157434\" style=\"\" rel=\"noopener\">Politico<\/a>&nbsp;and the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/12\/nyregion\/robert-nadine-menendez-corruption-trial.html\" style=\"\" rel=\"noopener\">New York Times<\/a>&nbsp;have more. Menendez was chair of the Senate Foreign Relations Committee at the time of his arrest late last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Arab League heads of state will gather in Bahrain<\/strong> on Thursday for a summit \u2014 one day after Nakba Day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dueling reports: <\/strong>Opec\u2019s oil report is out tomorrow, setting up its June production meeting, while the IEA\u2019s monthly oil market report is due out Wednesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Cannes film festival gets underway and the US presidential campaign heats up:&nbsp;<\/strong>Prosecutors are hoping to finish presenting their case against Donald Trump in a hush money trial even as Agent Orange schedules a big fundraising event for tomorrow, and Joe Biden has a number of public events scheduled. <\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/events.meed.com\/event\/menaconstructionsummit\/\" style=\"\" rel=\"noopener\">MENA Construction Summit<\/a><\/strong><strong> will kick off tomorrow<\/strong> at the Hilton Riyadh Hotel &amp; Residences. Organized by Meed, the one-day event will bring together developers, contractors, key executives and others to discuss the latest innovations in the construction industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Red Sea Fashion Week will get underway on Thursday, 16 May and run until Saturday, <\/strong><strong>18 May <\/strong>at the St. Regis Red Sea Resort, according to <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2096864\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. The event, organized by the <a target=\"_blank\" href=\"https:\/\/fashion.moc.gov.sa\/en\" style=\"\" rel=\"noopener\">Saudi Fashion Commission<\/a>, will feature an opening show on the first day, followed by two days of runway shows showcasing collections from both Saudi and international designers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\" rel=\"noopener\">Saudi Energy Convention<\/a><\/strong><strong> from Sunday, 19 May to Tuesday, 21 <\/strong><strong>May<\/strong>. The convention will see energy and utilities industry leaders advance collaborative decarbonization efforts and identify innovation areas. It will also host the <strong>Saudi Utilities Convention<\/strong> and <strong>Saudi Hydrogen Convention<\/strong> to address the role and challenges of rolling out hydrogen, water and utility projects that are in line with the global energy transition. Over 10k energy professionals and 200 industry speakers will be present at the event. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/futureaviationforum.com\/en\" style=\"\" rel=\"noopener\">Future Aviation Forum<\/a><\/strong><strong> will get underway on Monday, 20 May and run until <\/strong><strong>Wednesday, 22 May<\/strong> at the King Abdulaziz International Conference Center in Riyadh. The event, organized by the General Authority of Civil Aviation, will see the Kingdom showcasing some USD 100 bn worth of investment options in the aviation and logistics sector at large.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/globalaisummit\/status\/1789658478690078841\" style=\"\" rel=\"noopener\">Global AI Summit<\/a><\/strong><strong> from 10-12 September<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2101219\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported yesterday. The event, which is organized by the Saudi Authority for Data and Artificial Intelligence, will focus on key AI topics and trends, delving into its local and global adoptions, ethics, and infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dammam will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\" rel=\"noopener\">Saudi Maritime and Logistics Congress<\/a><\/strong><strong> from Wednesday, 18 <\/strong><strong>September to Thursday, 19 September.<\/strong> The two-day event looks to gather up to 10k attendees and 200 exhibitors, and will discuss topics including interlinked logistics, developments in supply chains, digitalisation, decarbonisation, the energy transition, and workforce development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: More than 300 British companies will start landing in Riyadh today<\/p>\n","protected":false},"author":1,"featured_media":86076,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[509,100,309,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-gigaprojects","tag-neom","tag-trade","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7988938e-22fa-44e8-a51c-7fa1b52e073d","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/5\/859.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Saudi Gigaproject Summit kicks off + Mohammed Hadi Al Rasheed wraps Nomu IPO","related_issue":[86073],"teaser":"Plus: More than 300 British companies will start landing in Riyadh today","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.b9b41a81-39f3-42ea-9e2e-d2a543dc12d4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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