UK’s Serco plans to set up space division in Saudi Arabia By Pramod Kumar December 26, 2022, 5:14 AM Reuters Seera Group will be the primary investor in the development of Kayanat Central Business Park in Riyadh British outsourcing firm Serco is mulling setting up its space division in Saudi Arabia next year, Arab News reported, citing Phil Malem, CEO of Serco Middle East. The company opened its regional hub in Riyadh in September as part of a long-term strategy to develop its Saudi-based resources and is looking to expand further. “We are set to launch our space division in the kingdom next year and will offer some highly innovative services for the first time in the region,” he said. Serco plans to expand its customer insight and service design agency, “Experience Lab”, in the region by investing in its capabilities. The company is expecting the privatisation of fire and rescue services in the kingdom. “It will gather momentum in 2023, particularly as the region is hosting high-profile events on the world stage, especially in Saudi Arabia,” Malem stated.
Mining Ma’aden signs $1bn contracts to develop industrial cities Saudi mineral giant Ma’aden has signed three contracts worth a combined $922 million with foreign companies to develop a third phosphate fertiliser project. The majority state-owned Saudi mining company announced the agreements in a note to the Saudi bourse on Thursday, coinciding with the final day of the Future Minerals Forum in Riyadh. Ma’aden is […] 9 hours ago
Tax $660m a year ‘sin tax’ target set by Kuwait Kuwait hopes to raise 200 million dinars ($660 million) a year through a “sin tax” on unhealthy products as part of tax reforms proposed by the International Monetary Fund, the country’s finance minister said on Wednesday. Noora Al-Fassam told the official Kuwaiti news agency that her ministry was working on a new law for a […] 10 hours ago
Transport Tenders issued for high speed Abu Dhabi-Dubai rail link Tenders have been issued for the design and construction of central components in a high-speed rail link between Abu Dhabi and Dubai. Etihad Rail, the national rail company of the UAE, has sent out tenders for designing and constructing civil works and station packages for the line connecting the two cities as part of the […] 11 hours ago
EXCLUSIVE Aviation Wizz Air increases flights from UAE to Israel after ceasefire The budget carrier Wizz Air is increasing the number of flights between Abu Dhabi and Tel Aviv after the ceasefire agreement between Israel and Hamas. The airline had previously scaled back its Tel Aviv-Abu Dhabi service to four flights a week because of the conflict, down from its pre-crisis schedule of two flights a day. […] 12 hours ago
