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ECONOMY

THURSDAY 22 FEBRUARY 2018,

SAUDI GAZETTE

13

Dubai leg of GPCA’s Waste Free

Environment campaign concludes

Etihad Airways adds

daily flight to Rome

DUBAI —

The Gulf Petrochemi-

cals and Chemicals Association

(GPCA) has announced the suc-

cessful run of the Dubai leg of its

Waste-Free Environment (WFE)

campaign, with community out-

reach activities taking place across

the city since 18 February 2018.

In Dubai, activities included

school visits where presentations

on recycling alongside interactive

learning experiences, competitions

and quizzes, took place. GPCA staff

will also interact with members of

the public on Feb. 22 at an aware-

ness kiosk set up at Mercato Mall

where visitors can work with ar-

tisans in making handicraft from

used plastics. Art activities for

families, including a focus on creat-

ing awareness about recycling and

the benefits of plastics, will also be

available.

The campaign’s official recy-

cling partner, Bee›ah, a leading in-

tegrated environmental and waste

management company, will place a

Reverse Vending Machine (RVM)

at the location, which attendees

can use to deposit used plastic

bottles and aluminum cans. Users

will be given a receipt for each re-

cyclable deposited, and will have

a chance to win a special prize on

the occasion.

Dr. Abdulwahab Al-Sadoun,

Secretary General, GPCA, said

“the campaign has evolved to in-

clude the participation of several

global organizations, educational

bodies and members of the com-

munity who have come together

to give back to the environment.

Plastics enhance every aspect of

our modern lives and when prop-

erly managed can contribute more

effectively and sustainably to the

community. Through the cam-

paign, we are supporting govern-

mental initiatives to educate peo-

ple, especially children on waste

management practices and recy-

cling so that it becomes a part of

their everyday habits and lifestyle.

We thank our members and volun-

teers for their enduring support of

the campaign over the years.”

WFE is an annual environmen-

tal initiative led by GPCA and sup-

ported by its members. The Dubai

event is sponsored by SABIC, Dow

Chemicals, Shell, LyondellBasell,

BASF and Cosmoplast, with WFE

events in the broader region hosted

by some of the top petrochemical

companies across the GCC. The

campaign will run across the six

GCC states, India, Morocco, Ma-

laysia, the Netherlands, Germany

and the United States.

—SG

ABU DHABI –

Etihad Airways,

the national airline of the United

Arab Emirates (UAE), announced

Wednesday the addition of a sec-

ond daily direct flight from its Abu

Dhabi hub toRome, effectiveMarch

25, 2018. The new service will take

the total number of Etihad Airways’

flights on the route to 14 a week.

The additional frequencies will

be introduced in phases, begin-

ning March 25, 2018, with five extra

weekly flights, rising to a twice-a-

day service fromMay 1, 2018.

The double-daily schedule will

provide greater choice to local pas-

sengers travelling between the cap-

ital cities of the UAE and Italy, and

further increase connectivity to and

from both countries.

The new early morning depar-

ture from Abu Dhabi and midday

return service from Rome will offer

links to popular cities across Aus-

tralia, China, Japan and Korea.

With the additional service, Eti-

had Airways’ frequency between

Abu Dhabi and its two Italian

gateways of Rome and Milan will

increase from two flights to three

flights a day.

Peter Baumgartner, Etihad Air-

ways Chief Executive Officer, said:

“Ensuring our guests have greater

flexibility and more travel options

is a focus for Etihad Airways. Since

we launched the Abu Dhabi – Rome

route in 2014, it has become one of

our most popular services for busi-

ness and leisure travellers. We are

therefore delighted to further de-

velop the route with additional ser-

vices.”

Etihad Airways’ codeshare part-

ner Alitalia has announced that it

will discontinue the operation of its

daily flight between Rome and Abu

Dhabi from March 25, 2018. Alitalia

will however continue to codeshare

with Etihad and will also place its

code on the new Etihad flights.

Guests holding reservations on

Alitalia flights between Rome and

Abu Dhabi and beyond will be re-

accommodated on services oper-

ated by Etihad Airways.

—SG

Kingdom’s Vision 2030

treasure for the meeting

industry in Saudi Arabia

Saudi Fransi Capital

appoints HSBC as

its fund manager

Hublot watch launches Mideast Roadshow

By Hanan Alnufaie

Saudi Gazette

RIYADH —

The Kingdom has

witnessed big improvements in the

meetings industry, compared to

previous years. It is an undeniable

fact the role the Kingdom plays not

only in the region but in the world

politically, economically, techno-

logically and on the humanitarian

level require strong meetings in-

dustry that can go in line with the

Vision 2030 andwith the fast paced

steps taken in all sectors. Meeting

industry goes in line with the el-

evation of the community, due to

the increase demand on exchange

talks, benefits, plan and execution

of development plans. The high

potential for the meeting industry,

possibilities, challenges, and sus-

tainability were deeply discussed

in the Saudi Meetings Industry

Convention (SMIC), under the

patronage of Prince Sultan Bin

Salman, President and Chairman

of the Board of the Saudi Com-

mission and National Heritage and

Head of the Supervision Commit-

tee of the Saudi Exhibition & Con-

vention Bureau (SECB). The event

which took place in Intercontinen-

tal Riyadh from Feb. 18-20 under

the slogan “Saudi Arabia is Wel-

comes Your Meetings” attracted

international speakers and CEOs

of global meeting associations and

world leading event management

companies in addition to local

expertise to discuss the future of

the vital industry in the Kingdom,

in this regard, Saudi Gazette met

with Eng. Tariq A. Al Essa, Execu-

tive Manager of the Saudi Exhibi-

tion & Convention Bureau.

“Since the Kingdom’s Vision

2030 was announced, initiatives

from all sectors from both public

and private sectors which allowed

the meeting industry to shine and

greatly develop to go cover the

demand in a highly professional

way that can well reflect the image

of the Kingdom domestically and

globally,” he said.

“Kingdom’s Vision 2030 is a

treasure for the meeting industry

in the Kingdom. There are more

than 500 initiatives, surly these ini-

tiatives need business events for

discussion, planning and execu-

tion, such as localizing medicine

sector, to do that there will be de-

mand on conferences for expertise

in the sector and exchange latest

scientific research and talk about

best practices in the world,” he

added.

There are so many strength-

ens in the industry, “the biggest

strength is that there is now an

organization which is (SECB). We

takes care of that industry as a

whole which in all aspects such as:

research, standards, marketing, li-

censing,.etc . Licensing for events is

being more clear and transparent,

regulations are also crystal- clear

in the website and extremely being

simplified. There is one online stop

platform if you want to make an

exhibition, meeting, forum, confer-

ence or workshop. The investor or

the organizer can take the license

online as well. What we do exactly

is that we communicate with dif-

ferent governmental entities in

concern on behalf of the investor

and organizer,” he commented.

Al Essa emphasized that visas’

process are being simplified like

never before. “There is a clear co-

operation between us and the Min-

istry of Foreign Affairs in terms of

visas. If the investor or the event

management company is licensed

to get conference or an exhibi-

tion, and there are exhibitors or

speakers coming to the Kingdom.

They just apply to the Ministry of

Foreign Affairs website, then they

inform us about the visa reference

number. We have an access to the

Ministry of ForeignAffairs website,

we approve them and the visas will

be delivered to Embassies; and col-

lected within three business days.

Visas are available for visitors, they

can come. However, we are stress-

ing the importance of improving

the systems of events management

companies to have icon or window

on their website while promoting

their events overseas to see who is

interested and then invite them.

In terms of education and

training existing people in the in-

dustry or new comers, Al Essa said

that SECB created an Academy in

partnership with the private sec-

tor, to educate, train and provide

Saudi youth whether investors or

working in the field to profession-

ally understand it. “This will defi-

nitely raise the competency and

competitiveness in the market. We

also have serious talks with 18 uni-

versities to create different levels

of educational programs on event

management ranging from post-

graduate studies, bachelors, and di-

plomas. Four universities are very

willing to implement these initia-

tives very soon.”

There are many steps taken to

enhance all visitors’ experience in

the Kingdom, “We have also strong

cooperation with Saudi Commis-

sion for Tourism and National Her-

itage, and General Authority for

Entertainment. We helped to link

event management companies and

tour operators to together.”

He emphasized that SECB is

collaborating working with the

Ministry of Haj to provide Muslim

speakers and exhibitors with pack-

ages. So they can perform Haj or

Umra after they finish their confer-

ence or meeting.

“The market is ready to have

more international investors. The

potential is really high for interna-

tional key players in the industry.

Moreover, the potential is also high

suppliers for the industry, such as

media, translation, etc,” he con-

cluded.

JEDDAH —

HSBC Saudi Ara-

bia has been appointed by Saudi

Fransi Capital (SFC) as custodian

for their full range of public and

private funds. This appointment

follows the introduction of new

Investment Fund Regulations by

the Capital Market Authority of

Saudi Arabia, which require asset

managers to appoint independent

third party custodians for custody

of the assets of public funds. Sign-

ing a mandate with an independent

custodian makes SFC one of the

first large asset managers to seek

compliance with this requirement.

Majed Najm, Chief Execu-

tive Officer and Board Member

of HSBC Saudi Arabia, said: “This

regulatory change is an extremely

positive step in the development

of asset services and the custody

industry in Saudi Arabia. We are

delighted to be working with SFC

and we look forward to a mutually

rewarding relationship between

our organizations.”

Waleed Fatani, Chief Execu-

tive Officer of Saudi Fransi Capital,

added: “We welcome this new reg-

ulation. Not only is it in line with

international best practice, but it

will help strengthen the fund man-

agement sector in Saudi Arabia. It

enables a greater focus on the core

capabilities of asset management,

while specialist service providers

manage the safe-keeping and ser-

vicing of assets. It was therefore

important for us to quickly ensure

compliance with the new require-

ments, which will ultimately ben-

efit our clients through greater lev-

els of asset safety. We chose HSBC

Saudi Arabia due to the scope of its

securities services offering as well

as the strength and expertise of its

local team in Saudi Arabia.”

SFC is one of the leading as-

set managers in Saudi Arabia with

close to SR15 billion in assets un-

der management.

—SG

Eng. Tariq A. Al Essa

Waleed Fatani

JEDDAH —

Always first, dif-

ferent and unique, Hublot watch

comes back this year with its first

novelties for 2018, a varied collec-

tion ranging from new Big Bang

models to timeless, stylish and

artistic Classic Fusions. For the

third consecutive year, the brand

showcases its novelties through

its roadshow in the Middle East,

with recently appointed Regional

Director Hublot Middle East and

Africa David Tedeschi presenting

the new watches to Hublotistas

and press members in the region.

In Riyadh and Jeddah, David Te-

deschi joined Mohammed Saddik

Attar, CEO Attar United Com-

pany in hosting the highly antici-

pated yearly happening.

The two-part event took

place in Riyadh and Jeddah with

members of the press discover-

ing the watches in a calm and

friendly ambiance. The star of

the new collection, the Big Bang

Unico Golf, in partnership with

world #1 Golfer Dustin Johnson,

is dedicated to the ultimate pre-

cision sport – golf. Hublot de-

signed, developed, manufactured

and assembled a module to equip

its new UNICO movement with

a function specifically created for

golf, allowing golfers to seam-

lessly calculate their score whilst

on course.

A first in Hublot’s range for

ladies, the Big Bang One-Click

39mm takes on sapphire, with the

elegant, modern, understated and

irresistible Big Bang One-Click

Sapphire! Confirming that beau-

ty truly comes from within, the

watch is cut from white, pink or

blue sapphire, and dons an inter-

changeable rubber strap to suit

any occasion and any look.

In the same spirit of transpar-

ency, the Big Bang Unico Sap-

phire Galaxy 45mm was inspired

by the billions of stars found in

the solar system. On the bezel,

amethysts and sapphires in rose,

orange, fuchsia and different

shades of blue evoke the Milky

Way with its constellation of

stars.

Forged in blue ceramic, the

Big Bang Meca-10 Blue Ceramic

opens to a bluish skeleton mech-

anism and comes with a rubber

strap in the same royal color. The

modern and distinctive watch

emulates the company’s defining

“Art of Fusion” concept in com-

bining elements that ordinarily

never appear together. The case,

bezel and folding clasp are made

of high-tech ceramic with high

temperature sintering. Very hard

and solid, yet lighter than steel, it

resists scratches and ageing.

In 2012, Hublot launched its

collaboration with Ferrari with

the iconic Big Bang Ferrari, pre-

sented in a ground-breaking and

patented alloy, Magic Gold. The

brand relaunches this year the

Big Bang Ferrari Magic Gold Fer-

rari in its new design, in honor of

both its immutable partnership

with Ferrari, and what is consid-

ered as the world’s most resistant

and hard metal.

The Classic Fusion AeroFu-

sion Chronograph Orlinski per-

fectly shows how “Hublot Loves

Art”; Hublot and French artist

Richard Orlinski combined their

know-how to create a work of art

which shows time and brings to

life the artist’s graphic universe.

The watch features a brand-new

design playing with angles and

reflections. Ridges and facets

on the watch reflect each other,

from case to bezel, push buttons

to hands.

The timeless Classic Fusion

Ceramic Integrated Bracelet, a

must-have collection with the

Hublot insignia, now incorpo-

rates a black ceramic bracelet.

Available in chronograph or

three-hand date mode with a

matt black or glossy blue dial,

this unisex “Art of Fusion” icon

has the laid-back style of a per-

fectly designed classic.

Four collections, including

one for women, have been cre-

ated from the partnership that

combines the innovative ap-

proach of Lapo Elkann with the

watchmaking and technological

expertise of the Hublot Manufac-

ture. For 2018, the stylish Hublot

Classic Fusion Italia Independent

has been given a sporty twist

with the addition of a chrono-

graph movement to three differ-

ent limited editions. All three

Classic Fusion Chronograph Ita-

lia Independent sport exquisite

fabrics chosen from the archives

of the legendary Italian tailor Ru-

binacci.

— SG

Big Bang Unico Golf

Big Bang Unico Sapphire Galaxy

VESSEL , S NAME VOY NO.

E.T.A.

APL MIAMI

161EGW

20-FAB-2018

GEORG MAERSK

806E

20-FAB-2018

MSC AURORA

FT804W

20-FAB-2018

MSC FILOMENA

IS805A

21-FAB-2018

MSC LUISA

MA804R

22-FAB-2018

MAERSK HORSBURGH

807E

23-FAB-2018

MSC VIGO

IT806A

23-FAB-2018

MSC ALTAIR

FJ804E

23-FAB-2018

MSC SILVANA

IU804R

23-FAB-2018