Buraidah Summer Festival seeks to showcase Saudi Arabia as a tourist destination

Two-thirds of Saudi firms see IIoT as critical to growth: Poll
June 24, 2019

RIYADH – A new report by Honeywell, the global technology leader, has revealed that two-thirds of medium-to-large organizations in Saudi Arabia (66%) believe Industrial Internet of Things (IIoT) technologies are critical to business operations, or will become critical in the next five years.

Honeywell partnered with YouGov and IDC to launch the “IIoT Market Spotlight – UAE &"...

Global corporate capex expansion to slow down this year
June 24, 2019

JEDDAH — Global corporate capex increased by a mere 2% last year, and is estimated to expand only 3% in 2019, the latest forecasts from S&P Global Ratings disclosed Sunday. The forecasts further out need to be treated with caution, given that S&P analysis has shown a tendency for market analysts to underestimate capex beyond the first forecast year, but current projections point to a 1% decline"...

Ford, Lincoln rank among top five brands
June 24, 2019

JEDDAH – Both Ford and Lincoln rank among the top five automotive brands in the United States for the first time in the latest J.D. Power US Initial Quality Study thanks to overall quality improvements that are outpacing the industry. Now in its 33rd year, the study measures vehicle quality by analyzing problems reported by owners in the first 90 days of ownership.

Ford nameplates ranking"...

Saudi to build metallic plane parts in link-up with French company
June 24, 2019

Saudi Arabia and French aerospace company Figeac Aero are forming a joint venture to build military and commercial metallic plane parts in the kingdom amid its push to localise military spending.

State-owned Saudi Arabian Military Industries (Sami) and Figeac Aero plan to set up a metallic aerostructures manufacturing plant in Riyadh"...