Saudi Aramco First Marine Station in the Kingdom Supplies Yachts and Boats with Fuel

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
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Saudi Aramco First Marine Station in the Kingdom Supplies Yachts and Boats with Fuel

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)

Saudi Aramco, one of the world's leading companies in the fields of energy and chemicals, announced on Saturday the opening of "Aramco Marina", its first marine station in the Kingdom to supply yachts and boats with fuel at the Jeddah Yacht Club on the Red Sea coast.

The station, which bears the new identity of the Saudi Aramco stations brand, is operated as part of the company’s efforts to contribute to developing the tourism sector in the Kingdom and the region. Its opening coincides with the Formula 1 Saudi Grand Prix that will take place in Jeddah on Saturday.

With a capacity of more than 65 million liters annually, the station provides diesel and gasoline to local and international customers.

Executive Vice President of the Business Sector for Products and Customers at Saudi Aramco Yasser Mufti said Saudi Aramco will continue to build various modern facilities to keep pace with the Kingdom’s efforts to establish comprehensive, advanced services by investing in the growth and contributing to the diversification of businesses and economy.

He added that the opening of the station represents a new chapter in the endeavor to expand the company’s presence in the Kingdom, raise the quality of life and enhance technological standards by establishing pioneering retail fuel stations that provide distinctive customer service, and help business, travel and tourism sectors in the Kingdom advance, creating an additional value for the economy.

The Jeddah Yacht Club is distinguished by its view of the waterfront next to the Corniche Formula 1 racing circuit. It boasts the first marina for yachts and boats on the Red Sea coast, and can accommodate huge and luxurious yachts of up to 120 meters in length. Next to the marina, there are international restaurants and cafés overlooking the sea.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.