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.



Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)
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Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)

The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries.

Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors.

Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries.

He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade.

Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector.

Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential.

Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.