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Royal Commission for AlUla Signs Digital Venture Deals with Artefact, Dassault

The Royal Commission for AlUla (RCU)
The Royal Commission for AlUla (RCU)
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Royal Commission for AlUla Signs Digital Venture Deals with Artefact, Dassault

The Royal Commission for AlUla (RCU)
The Royal Commission for AlUla (RCU)

The Royal Commission for AlUla (RCU) has signed two cooperation agreements with the global companies Artefact and Dassault Systemes in the fields of data analysis and digital modelling solutions, aimed at supporting comprehensive and sustainable development in AlUla.
The signing ceremony was held on the sidelines of the Future Investment Initiative Forum in Riyadh on Tuesday.
The agreements aim to expand the RCU’s network of technology partners and enhance AlUla's growth through the three-dimensional (3D) digital modelling platform, data analysis, artificial intelligence (AI), and setting new standards for enabling services, design, and construction.
The partnership between the RCU and Artefact will help harness the potential of AI in a range of new functions and services, including a consultancy on technological transformations and the establishment of a dedicated institute for data and AI.
The endeavor aims to achieve higher economic growth by creating a technological environment capable of providing permanent and sustainable employment opportunities for the growing community of AlUla.
The collaboration between the commission and Dassault Systemes focuses on comprehensive infrastructure, business data, and digital product offerings. It marks the next phase of the most advanced 3D digital modelling projects in the region, following the earlier success of the sustainable design, planning, and construction platform in AlUla during the first phase earlier this year.
This technological initiative will benefit from the experiences of leading experts worldwide and development partners.
The RCU aims to enhance AlUla's position as a pioneering center for transformation and innovation while preserving heritage and tourism.

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Buyer Splashes Out $1.3 Million for Tokyo New Year Tuna

The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
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Buyer Splashes Out $1.3 Million for Tokyo New Year Tuna

The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)
The head of a 276-kilogram bluefin tuna that was auctioned for 207 million Japanese yen (about 1.3 million US dollars), which was bought jointly by sushi restaurant operator Onodera Group and wholesaler Yamayuki, is carried by a sushi chef at an Onodera sushi restaurant after the first tuna auction of the New Year in Tokyo, Japan January 5, 2025. (Reuters)

The top bidder at a Tokyo fish market said they paid $1.3 million for a tuna on Sunday, the second highest price ever paid at an annual prestigious new year auction.

Michelin-starred sushi restauranteurs the Onodera Group said they paid 207 million yen for the 276-kilogram (608 pound) bluefin tuna, roughly the size and weight of a motorbike.

It is the second highest price paid at the opening auction of the year in Tokyo's main fish market since comparable data started being collected in 1999.

The powerful buyers have now paid the top price for five years straight -- winning bragging rights and a lucrative frenzy of media attention in Japan.

"The first tuna is something meant to bring in good fortune," Onodera official Shinji Nagao told reporters after the auction. "Our wish is that people will eat this and have a wonderful year."

The Onodera Group paid 114 million yen for the top tuna last year.

But the highest ever auction price was 333.6 million yen for a 278-kilogram bluefin in 2019, as the fish market was moved from its traditional Tsukiji area to a modern facility in nearby Toyosu.

The record bid was made by self-proclaimed "Tuna King" Kiyoshi Kimura, who operates the Sushi Zanmai national restaurant chain.

During the Covid-19 pandemic the new year tunas commanded only a fraction of their usual top prices, as the public were discouraged from dining out and restaurants had limited operations.