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ELECTRIC VEHICLES
EVIQ just opened its first EV charging stations in Riyadh: The Electric Vehicle Infrastructure Company (EVIQ) opened its first EV charging station in Riyadh’s business and leisure development Roshn Front, it announced on X yesterday. EVIQ is 75% owned by the Public Investment Fund and 25% owned by the Saudi Electricity Company.
EVIQ plans to expand in Riyadh, Jeddah and Dammam this year as a first phase by setting up stations on roads connecting main cities, its CEO Mohammad Gazzaz told Asharq Al Awsat. The expansion comes under efforts to deploy 5k fast chargers at 1k locations around the Kingdom by 2030.
GREEN AMMONIA-
Ma’aden recognised as world’s largest low-carbon ammonia producer:Ma’aden has been certified by Norway-based environmental assessor DNV as the largest producer of low-carbon ammonia globally, having produced 614k tons of it so far, according to a statement.
Ma’aden’s been boosting its production: The company signed an agreement with US-based trading and logistics firm Trammo in May to deliver the first certified commercial blue ammonia shipment to Europe. It also exported its first shipments of low-carbon blue ammonia to China’s Shenghong Petrochemicals in an agreement to supply 25k tons of ammonia.
TECHNOLOGY
#1- Sure Global Tech to revamp Shura Council’s IT infrastructure: Sure Global Tech was awarded a SAR 60.1 mn to upgrade tech and systems at the Shura Council, it said in a disclosure to Tadawul yesterday.
#2- Aramco Digital + Intel partner up for Kingdom’s first Open RAN: Aramco Digital — the digital and technology subsidiary of Aramco — plans to workwith Intel to set up the Kingdom’s first Open RAN development center, according to a statement yesterday. It is planned to start operations this year.
Open RAN?Open RAN, a widely used industry term for open radio access network architecture, allows for greater flexibility by permitting operators to combine equipment from various suppliers.
AVIATION
Air India Express is flying to Riyadh next month: Air India Express — a low-cost airline and subsidiary of India’s national carrier Air India — will operate direct flights connecting Hyderabad with Riyadh starting 2 February, according to Indian media. It will operate three weekly flights to Riyadh, expanding the airliner’s presence in the kingdom with existing routes Jeddah and Dammam.
INFRASTRUCTURE
Ladun Investment subsidiary to implement infrastructure for State Security: Built Industrial Company — a subsidiary of Ladun Investment — has landed a SAR 348.5 mn contract from the State Security Presidency to implement architectural, electrical and mechanical works for the security agency’s new building at the Naif Security Complex in Riyadh, it said in a disclosure to Tadawul yesterday.
DEBT
Osool & Bakheet converts BSF facility into a shariah-compliant arrangement: Asset manager Osool & Bakheet Investment inked an agreement with Banque Saudi Fransi (BSF) amending an existing credit facility into a shariah-compliant financing agreement worth SAR 50 mn, it said in a disclosure to Tadawul yesterday.
TELECOMS
Rawasi Al Bina receives SAR 4.6 mn purchase order for stc infrastructure: Infrastructure networks provider Rawasi Al Bina has received a purchase order from telecom giant stc for a SAR 4.6 mn project that would see it replace or upgrade the electro-mechanical equipment and various aspects of telecom infrastructure it said in a disclosure to Tadawul yesterday.
FINANCE
Tiqmo lands exclusive partnership with MasterCard:SAMA-licensed fintech player tiqmo inked an exclusive partnership agreement with Mastercard to issue prepaid cards in the Kingdom, according to a statement yesterday.
