Skip to content Skip to Search
Skip navigation

UK’s Serco plans to set up space division in Saudi Arabia

By Pramod Kumar
Seera Group will be the primary investor in the development of Kayanat Central Business Park in Riyadh 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.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]