STC Group CEO Khaled Biyari said the region is brimming with young people who are creative and capable of contributing to the positive transformation of the region’s economies when given the right environment.
Biyari was speaking at the opening session of the “Building Digital Economies in the Arab World” forum titled “The Digital Arab World, the Most Important Challenges and Opportunities” organized by the World Economic Forum (WEF) in the UAE.
He said both the government and the private sector in the Kingdom are focused on business incubators and the rapid development of the digital economy through young leaders, contrary to the prevailing view that the region is not attractive enough for talents and creators.
Biyari, who is a member of the Regional Business Council (RBC), said digital transformation provides many opportunities to speed up the region’s economies to cope with global transformation. This, he said, would help governments and companies to efficiently work hand in hand, and provide growth opportunities, which in turn would reduce dependence on natural resources.
He said investment in digital infrastructure such as advanced networks, data centers and platforms is important, given the large number of projects currently underway in the Kingdom.
Arab leaders from the public and private sectors who participated in the forum called for accelerating the shift in economic strategies in Arab countries in line with the digital and technical transformations taking place in the world’s economies. They pointed out that the leaders of public and private sectors are required to adopt new methodologies in education and economy to create an economic system that is suitable for the fourth industrial revolution, especially through investment in technology and digital infrastructure.
STC CEO stresses on investment in digital infrastructure for economic transformation
STC CEO stresses on investment in digital infrastructure for economic transformation
Alfanar Engineering Services names Amer Al Ajmi CEO
Alfanar Engineering Services, a division of Alfanar Projects, has appointed Eng. Amer Al Ajmi as chief executive officer, signaling a new phase of growth and innovation for the company.
The appointment underscores Alfanar’s commitment to strengthening its role as a trusted partner in Saudi Arabia’s energy and infrastructure sectors.
Al Ajmi brings more than 25 years of experience in engineering, energy and international business. His vision focuses on engineering excellence, digital transformation and sustainability. Under his leadership, the company aims to expand its contribution to the Kingdom’s industrial and infrastructure development while supporting a more sustainable energy future.
Alfanar Engineering Services provides integrated technical solutions to the Kingdom’s energy, infrastructure, private and government sectors. Its core business lines include motor and generator repair and rewinding, power services, testing and calibration, and technical and engineering training.
The company maintains a strong presence through regional offices across major Saudi cities, supported by a 24/7 engineering team that ensures uninterrupted operations and service availability nationwide.
At the center of its operations is Alfanar Technical Services, one of the largest specialized facilities in the region for repair, rewinding and maintenance of electrical equipment, including transformers, generators and motors. The company serves energy, oil, petrochemical and mining industries, as well as critical infrastructure such as hotels, hospitals and public utilities.
Alfanar operates three advanced facilities in Jubail and Riyadh, covering more than 200,000 square meters, with an expansion underway in Yanbu to meet growing demand driven by the Kingdom’s industrial transformation.
“Leading Alfanar Engineering Services is both an honor and a responsibility,” Al Ajmi said. “Our focus is on building a sustainable and technologically advanced future where our people, innovation and expertise deliver long-term impact across every sector we serve.”
