Saudi Aramco Highlights Innovation in Pavilion at Esports World Cup Events

The pavilion includes an event titled "Virtual Reality Races on Jeddah Corniche Circuit," one of the main attractions offering visitors a unique experience through competitive races in a virtual environment simulating the famous Jeddah Corniche Circuit. (SPA)
The pavilion includes an event titled "Virtual Reality Races on Jeddah Corniche Circuit," one of the main attractions offering visitors a unique experience through competitive races in a virtual environment simulating the famous Jeddah Corniche Circuit. (SPA)
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Saudi Aramco Highlights Innovation in Pavilion at Esports World Cup Events

The pavilion includes an event titled "Virtual Reality Races on Jeddah Corniche Circuit," one of the main attractions offering visitors a unique experience through competitive races in a virtual environment simulating the famous Jeddah Corniche Circuit. (SPA)
The pavilion includes an event titled "Virtual Reality Races on Jeddah Corniche Circuit," one of the main attractions offering visitors a unique experience through competitive races in a virtual environment simulating the famous Jeddah Corniche Circuit. (SPA)

Saudi Aramco's pavilion at the Esports World Cup, the largest event in gaming history being held at Boulevard Riyadh City until August 25, stands out with three main activities that have caught visitors' attention and enriched their experience.

These activities are part of Aramco's ongoing efforts to boost interaction and engagement with the community through creative and innovative approaches.

The pavilion includes an event titled "Virtual Reality Races on Jeddah Corniche Circuit," one of the main attractions offering visitors a unique experience through competitive races in a virtual environment simulating the famous Jeddah Corniche Circuit.

Races are held twice daily, offering participants the chance to win daily prizes. Additionally, weekend races qualify winners for the grand prize provided by Aramco.

The experience not only provides entertainment but also fosters a competitive spirit and encourages technical skills among youth.

Aramco also presents visitors to its pavilion with a virtual experience titled "Aramco Vision," a two-minute virtual journey that takes visitors on a tour through the company's facilities.

It highlights major future projects like NEOM, providing visitors with a comprehensive view of Aramco's ambitious achievements and future ventures.

The third activity is the virtual racing experience at Boulevard Riyadh, which allows visitors to immerse themselves in the atmosphere of racing. The activity offers an immersive experience that enables visitors to test their abilities and skills in racing within a meticulously simulated real-world environment.

Through these activities, Aramco is emphasizing its ongoing commitment to boosting innovation and creativity across various fields, attracting youth to an enjoyable and challenging experience. This helps in strengthening the company's leading position in innovation and technology.



India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
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India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier.
But the sector faces criticism for its heavy reliance on imported components from countries such as China.
"The new scheme will incentivize production of key components like printed circuit boards that will improve domestic value addition and deepen local supply chains for a range of electronics," one of the two officials said.
The incentives are likely to be offered under a new scheme expected to be launched in two to three months, said the officials, who asked not to be identified as details of the scheme are not yet public.
The scheme is likely to offer incentives totaling between $4-$5 billion to global or local firms which qualify, Reuters reported.
The plan, designed by the India's electronics ministry, has identified components eligible for incentives and is in its final stages.
The finance ministry will approve the scheme's final allocation soon, the first official added, with the sources expecting it to be launched in the next 2-3 months.
India's electronics ministry and finance ministry did not immediately respond to requests for comment.
India is aiming to expand its electronics manufacturing to $500 billion by the fiscal year 2030, including production of components worth $150 billion, according to the government's top policy think tank Niti Aayog.
India imported electronics, telecoms gear, and electrical products worth $89.8 billion in the fiscal year 2024, with more than half sourced from China and Hong Kong, according to an analysis by private think tank GTRI.
"This scheme is coming at a time when it is critical to promote component manufacturing that will help us aim for a global-scale of electronics production," Pankaj Mohindroo, head of India's Cellular and Electronics Association, said.