Riyadh to Host Retail Leaders Circle MENA Summit on Monday

A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)
A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)
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Riyadh to Host Retail Leaders Circle MENA Summit on Monday

A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)
A car drives past the Kingdom Center Tower in Riyadh, Saudi Arabia, November 12, 2017. (Reuters)

Retail Leaders Circle (RLC) MENA Summit will kick off in Riyadh on Monday, in partnership with “Invest Saudi” and under the patronage of Minister of Commerce and Investment Majed al-Qasabi.

More than 50 speakers will take part in the summit, in addition to a group of experts and decision-makers in the regional retail sector.

The two-day summit will convene in the Saudi capital under the theme “Future Retail & Consumer: Thriving in a Changing Environment.” It will bring together more than 1,500 retail leaders, brand owners, SMEs, industry stakeholders policy-makers and investors.

It will organize dialogues and workshops that will focus on several significant topics that address the changing environment of retail and consumption in the Kingdom and the region.

It aims to shed light on Saudi Arabia’s plans to become a pioneer in business, investment and retail in line with its Vision 2030 goals.

The Kingdom’s hosting of the event coincides with Saudi Arabia taking over the G20 presidency.

The partnership between Invest Saudi and RLC is part of efforts by the Saudi Arabian General Investment Authority to attract key world and regional events that bring together business pioneers and decision-makers.

Significantly, Saudi Arabia ranked seventh in retail trade according to the 2019 Global Retail Development Index.



Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)

Oman LNG on Tuesday announced the successful loading of its first liquefied natural gas (LNG) cargo to Shell under its new long-term agreements, marking a significant milestone in the company’s strategy to expand its global market reach and reinforce Oman’s position as a leading LNG supplier.
According to Oman News Agency, the ceremonial event took place at Oman LNG’s state-of-the-art facility in Sur, under the auspices of Salim al Aufi, Minister of Energy and Minerals, alongside senior officials from Oman LNG and Shell.
Aufi, in his remarks, emphasized the importance of this milestone, saying, “Today’s shipment is not merely a delivery but a testament to Oman’s commitment to energy security, global collaboration, and sustainable economic growth. It also reflects the strong partnership between Oman LNG and Shell, built on mutual trust and a shared vision.”

Shell, as the largest offtaker under these new agreements, plays a pivotal role in Oman LNG’s strategic plans for sustained growth and market expansion.

Oman LNG’s CEO, Hamad al Naamany, highlighted the significance of this shipment, saying, “We are embarking on a 10-year concession extension with market leaders in LNG and energy. Our growth is aligned with Oman’s vision and adapted to the evolving global energy market demands. Our partnership with Shell continues to thrive, contributing to Oman’s economic diversification goals.”