Minister of Industry and Mineral Resources Announces New Iron and Steel Projects Worth 35 Billion Riyals

Riyadh, Minister of Industry and Mineral Resources Bandar Al-Khorayef stated that the Ministry is working with local and international investors to establish a variety of investment opportunities in the iron and steel sector in the Kingdom. Three projects are being constructed, with a combined production capacity of 6.2 million tons and a value of around 35 billion riyals. The construction of an integrated iron sheet production complex with a capacity of 1.2 million tons per year is one of the projects, with the complex focusing on shipbuilding, oil pipes and platforms, and enormous oil reservoirs.

He stated during his inaugural speech at the Saudi International Iron and Steel Conference that another project is being negotiated with international investors. The project entails building an integrated iron surface production complex with an annual capacity of four million tons of hot rolled iron and one million tons of cold rolled iron, as well as 200 thousand tons of tin-plated iron and other products. The complex intends to serve the automotive, food packaging, household appliances, and water transportation pipe sectors. Additionally, a factory will be established to produce circular iron blocks with an estimated production capacity of one million tons per year, which will be the main introduction to the oil and gas industry’s unwelded iron pipes.

Al-Khorayef emphasized that the National Plan for the Structuring of the Iron and Steel Sector contains 41 recommendations to enable and sustain the sector. These include reviewing and approving 16 policies and legislation, as well as collaborating with the private sector on a number of long-term solutions such as the establishment of an iron academy and a research and development center to increase the efficiency of factory operations and create high-quality jobs for Saudis. “This will help us face and address global and local changes in order to ensure the sector’s sustainability and resiliency in the face of economic and geopolitical variables,” explained the Minister.

Al-Khorayef pointed out that the Kingdom’s priorities include localizing steel products of all types, such as heavy iron sheets for the oil and gas sector, defense and construction sectors, tinplate steel for the canned food sector, tinplate steels for the canned food sector, flat tinplate for the automobile sector, and water pipe, among others.

The Ministry is also working on reducing imports by 50%, with an emphasis on maintaining a financially and operationally sustainable sector and ensuring the availability of critical supply chains such as iron ore. The Minister emphasized that the Kingdom’s attempts to reinvigorate the iron sector stem from its confidence in the necessity of investing in this sector.

He noted that the establishment of motivating and appealing regulations and legislation defined by transparency, fairness, governance, and procedure facilitation promotes continued growth in strategic sectors.

Source: Saudi Press Agency

Saudi Fund for Development Participates in GSSD Expo 2022 in Bangkok

Bangkok, A delegation from the Saudi Fund for Development (SFD) participated today in the Global South-South Development Expo (GSSD Expo 2022), which is being held in the Thai capital, Bangkok, from 12 to 14 September, 2022. The GSSD Expo 2022 coincides with the United Nations Day for South-South Cooperation.

The SFD’s participation also aims to highlight the developmental role of the Kingdom of Saudi Arabia in supporting the countries of the South, and in line with its strategy that supports the UN Sustainable Development Goals (SDGs).

It is worth mentioning that the SFD will host on September 14, 2022, on the sidelines of the GSSD Expo 2022; a dialogue session titled “Partnership for Development”, with the participation of the Saudi Ministry of Economy and Planning, a representative from the Pakistani Ministry of Foreign Affairs, in addition to a representative from the United Nations Office for Project Services (UNOPS).

Source: Saudi Press Agency

Saudi Minister of Economy and Planning Meets with Minister for Manpower in Singapore

Singapore, Minister of Economy and Planning Faisal bin Fadhil Alibrahim has met with Minister for Manpower and Second Minister for Trade and Industry in Singapore Tan See Leng, to discuss matters of common interest and continued cooperation between the two countries during his visit to the Republic of Singapore.

The Ambassador of the Custodian of the Two Holy Mosques to the Republic of Singapore, Abdullah Mohammed Almadhi attended the meeting.

Source: Saudi Press Agency

‫تجلب شركة ReshaMandi أقمشة الهند الطبيعية المثالية إلى منطقة الشرق الأوسط وشمال إفريقيا

دبي، الإمارات العربية المتحدة، 12  شتنبر/أيلول 2022 / PRNewswire / — أعلنت شركة ReshaMandi – أحد أكبر الأنظمة البيئية الرقمية للألياف الطبيعية في الهند – عن دخولها سوق الشرق الأوسط وشمال إفريقيا اليوم، بهدف أن تصبح حلاً شاملاً للمصادر لجميع الأقمشة الطبيعية والمعاد تدويرها. من خلال هذه الخطوة، تأمل ReshaMandi في المساهمة في النظام البيئي العالمي للمنسوجات الطبيعية وأن تصبح أكبر شريك في العالم لمصادر المنسوجات الطبيعية للعملاء الذين يبحثون عن حلول مستدامة مدعومة بالتكنولوجيا.

ReshaMandi Logo

قامت ReshaMandi بتوريد أكثر من 10 ملايين متر من أقمشة الألياف الطبيعية إلى أكثر من 500 مصنع محلي للأقمشة والملابس والمفروشات المنزلية في الهند. من بين هؤلاء الـ 500، هناك أكثر من 200 من المصدرين الذين يقدمون المنتجات للعلامات التجارية المعروفة عبر المناطق الجغرافية. تقدم مجموعة واسعة من الأقمشة الطبيعية مع الالتزام بمعايير الاستدامة والتجارة العادلة والمصادر الأخلاقية. شاملة الحرير والقطن والفسكوز والخيزران والقنب والألياف الطبيعية الأخرى.

 قال مايانك تيواري، المؤسس والرئيس التنفيذي لشركة ReshaMandi: “ كانت منطقة الشرق الأوسط وشمال إفريقيا محورًا استراتيجيًا لِـ ReshaMandi لأنها سوق ناشئة بسرعة مع إمكانات نمو هائلة. نظرًا لكونها مركزًا مهمًا لصناعات الملابس والمنسوجات، فقد نمت لتصبح واحدة من أكبر مراكز النسيج في العالم للمنتجات، بما في ذلك الملابس والألياف والمنسوجات المنزلية. نظرًا للوعي المتزايد حول الاستدامة في الموضة، يبحث عدد متزايد من تجار التجزئة والمطاحن والمصنعين والمصممين وأصحاب المصلحة المتحالفين عن شركاء يمكنهم توفير أفضل جودة من الألياف الطبيعية بأسعار موحدة مع ضمان الوفاء بالجداول الزمنية للتسليم. نحن ملتزمون بتوفير فوائد التكنولوجيا لأصحاب المصلحة حتى يتمكنوا من تحقيق جودة متسقة وأسعار أقل وتحقيق إنجاز كامل في الوقت المناسب. لقد أثرت شركة ReshaMandi في حياة ملايين الأشخاص في الهند من خلال خلق فرص العمل وزيادة الكفاءات التشغيلية وتمهيد الطريق للنمو المستقبلي. نود أن نكرر نفس النموذج في منطقة الشرق الأوسط وشمال إفريقيا “.

تبدأ ReshaMandi رحلتها في الأسواق العالمية بفئات مثل الغزل والأقمشة الطبيعية والمعاد تدويرها والمنزل والمعيشة والملابس والإكسسوارات والتصميم إلى حلول المعيشة، مع طموح لتوسيع هذا في المستقبل.

 نبذة عن ReshaMandi

  تعمل ReshaMandi مع 60.000 مزارع، وأكثر من 10.000 من النساجين، و 7500+ بكرة و 3500 تاجر تجزئة في سلسلة توريد الألياف الطبيعية بأكملها لتحسين إنتاجيتهم، والتأثير على النتيجة النهائية، وفي النهاية تكون مفيدة في تحسين جودة حياتهم.

 لمزيد من المعلومات، يرجى زيارة  https://ecosystem.reshamandi.com/

الشعار:  https://mma.prnewswire.com/media/1894667/ReshaMandi_Logo.jpg

Printemps to Open First US Store in New York

NEW YORK, Sept. 12, 2022 /PRNewswire/ — Continuing its reinvention and acceleration, storied French luxury department store, Printemps, announces the opening of a new store in New York, marking the brand’s first US initiative. Printemps will open in the historic 50-story landmark building at One Wall Street (1 Wall Street) in the rapidly changing Financial District.

“The US is essential in our international development strategy and opening in New York offers high visibility and growth potential. We think we can bring something unique, both to its engaged local consumer base and the strong tourist flows the city welcomes. It is also a strategic ecommerce market for luxury, fashion, home, and beauty,” says Jean-Marc Bellaiche, CEO, Printemps Groupe. “We plan to pioneer a new format of experiential retail in this fast changing and demanding market.”

As the next chapter of its brand transformation, this Printemps store will be of a different scale, bringing a local approach and focusing on increased omnichannel and seamless experiences.

Printemps has tapped seasoned executive Laura Lendrum as the CEO of Printemps America, Inc. Lendrum brings valued experience from her previous roles serving as President for Saint Laurent, Gucci and Ralph Lauren for the North American market and is assembling an experienced dedicated team to support this strategic initiative.

“Laura’s experience in Luxury, Fashion, Digital and Hospitality is a perfect match for us,” says Bellaiche.Printemps Logo

Like it did in Paris over 150 years ago by opening in Boulevard Haussmann, a neighborhood then in transformation, Printemps has chosen the iconic One Wall Street address in the Financial District.  The already dynamic area has become more residential, experienced an increase in diverse businesses moving to the neighborhood and is one of the most important tourist destinations in the city, welcoming local and international tourists alike.

As a landmark building, One Wall Street carries a similar heritage to the iconic Printemps Paris flagship, also landmark, making it the prime location for the first US and New York store. The historical interior Red Room, one of the rare 50 interior landmarks in New York City, will be one of the many highlights of the store. Internationally multi-awarded Parisian interior designer, Laura Gonzalez, will be the architect on the project to create a ‘Paris meets New York’ twist on the design.

Printemps will be 54,365 square feet with two levels and a façade that measures 346 linear feet facing Broadway. The store is expected to open in the Spring of 2024.

Link to download high res photos here.

ABOUT THE PRINTEMPS GROUP
Founded in 1865 by Jules Jaluzot, the Printemps Group is a French leader in fashion, luxury, and beauty, with 20 department stores operated in France. The Group is also present in lifestyle with 9 Citadium stores and has become a key player in e-commerce with Place des Tendances, a fashion and beauty e-store acquired in 2013, and Made in Design, Europe’s leading online store for designer furniture, lighting, and decoration, acquired in 2019. With more than 3,500 brands and a total area of 180,000 m², the Group employs 3,000 people driven by a unique passion for service. For more information, please visit https://us.printemps.com/ and @Printemps

PRESS CONTACTS:
PR Consulting: Kate Jacobsen – kjacobsen@prconsulting.net
Printemps: Corinne Berthier – cberthier@printemps.fr

Photo – https://mma.prnewswire.com/media/1896144/Printemps_OWS_2022.jpg
Photo – https://mma.prnewswire.com/media/1896145/Printemps_OWS_Bdway.jpg
Logo – https://mma.prnewswire.com/media/1892739/PRINTEMPS_GREEN_LOGO.jpg

 

Hikvision introduces new Pro series PTZ cameras with ColorVu

The integrated ColorVu technology and varifocal lens within the camera guarantees that image brightness and full color always remain consistent as the camera zooms in and out

HANGZHOU, China, Sept. 12, 2022 /PRNewswire/ — Hikvision today announces new additions to its Pro series PTZ cameras, including the integration of ColorVu technology for the first time in this range. With ColorVu, Hikvision’s new Pro series cameras can provide consistent image brightness and full color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions.

Hikvision new PTZ cameras with ColorVu

Revolutionary “ColorVu + Varifocal” integration 

Traditional PTZ cameras often struggle to ensure that images remain bright and clear when they zoom in, especially in low light conditions. This is because the lens aperture gets smaller when operators increase the focal length, reducing the light entering the lens and thereby impacting the clarity of images.

One way to solve this issue is to adjust the size of the aperture as the focal length changes , so that a consistent amount of light can enter the lens . With Hikvision ColorVu technology, a very large fixed aperture is used in the Pro series varifocal PTZ cameras, enabling consistent light and color for imaging as the camera zooms in or out at night.

The new PTZ cameras’ fixed F1.2 lens aperture allows as much as 14x more light to enter the lens compared to conventional PTZ units. This same capability also ensures vivid and full-color imaging in light conditions as low as 0.0005 lux: or nearly total darkness. The result is bright and colored images, even in extremely low light conditions or at night.

The camera also has a  warm supplemental LED light that further illuminates the field of vision, allowing objects and events to be captured in full color within 100-meter range.

Further increasing security capabilities with AcuSense

In addition to ColorVu, Hikvision Pro series cameras have also been equipped with AcuSense technology, which distinguishes between real security threats and harmless moving objects such as animals, falling leaves, and changing lights.

This smart classification capability means that alarms are only triggered in the event of real security threats. In such cases, the PTZ lens follows the detected threats and sends automated alerts to home or business owners, security teams, or Alarm Receiving Centers (ARCs).

The ability to detect real security threats in real time, and to reduce false alarms, means that security end users and teams can respond to security incidents quickly and effectively and minimize negative impacts. This is especially vital for protecting site perimeters, key entrances and exits, and other restricted areas.

Find out more

Hikvision’s new Pro series PTZ cameras are available in 2 / 4/ 8 MP resolutions for a wide range of security needs and budgets. Specifically, the 2 MP models support 20x optical zoom, while 4 / 8 MP models support up to 12x optical zoom. They are ideal for security applications in industrial parks, factories, warehouses, schools and a wide range of other indoor and outdoor locations.

For more information about the new PTZ cameras, please visit the website or contact us today!

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Photo – https://mma.prnewswire.com/media/1895304/Hikvision_Pro_series_PTZ_cameras_with_ColorVu_1200x628.jpg