Monsha’at boosts entrepreneurship in Najran through e-commerce tour

Launched on Dec. 26 and organized by the General Authority for Small and Medium Enterprises, or Monsha’at, in partnership with the E-Commerce Council, the tour kicked off at the region’s events and conference center in the presence of prominent online trading experts. File
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Updated 26 December 2023
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Monsha’at boosts entrepreneurship in Najran through e-commerce tour

RIYADH: Support for Saudi entrepreneurs in the Najran region will improve as the government launches its twelfth e-commerce tour in the southwestern region.

Launched on Dec. 26 and organized by the General Authority for Small and Medium Enterprises, or Monsha’at, in partnership with the E-Commerce Council, the tour kicked off at the region’s events and conference center in the presence of prominent online trading experts.

According to the Saudi Press Agency, the associated exhibition featured 11 booths where e-commerce service providers and representatives from technical and logistical support organizations were present to provide their services.

The SPA report noted that awareness was disseminated through multiple stalls. Additionally, an advisory pavilion was established to assist entrepreneurs and facilitate their utilization of services and facilities offered by the relevant authorities.

The two-day event commenced with a workshop on the benefits of e-commerce, followed by a panel discussion where specialists addressed the development of a conducive environment for the growth of the sector in the Kingdom.

Other workshops explored digital transformation, sales channels and opportunities in emerging sectors for e-commerce.

They also covered strategies for developing electronic platforms and consultations from specialists.

These seminars aimed to promote entrepreneurial culture, encourage an attractive and innovative environment and serve the business community in the region.

Additionally, numerous global and local service providers facilitated the construction and expansion of e-commerce activities in the region through a consulting pavilion.

The kiosk hosted sessions on the Monsha’at Nawafth app, which offers services and consultancy for enterprises to empower businesspeople to surmount challenges effectively.

Speaking about the event, Bader bin Hamad Al-Kadi, the spokesperson for Monsha’at, highlighted that the objective of the e-commerce tour is to establish connections among entrepreneurs, e-store owners, and innovators in the region and provide them with insights into the latest developments in the e-commerce landscape to help them promote their businesses.

He added that the exhibition aims to provide services to 1,500 beneficiaries, including businesspeople and entrepreneurs in the region.

Moreover, he noted that the fair encompassed various activities and sections, delivering its services to participants through numerous public and private exhibitors, including prominent local and international companies.


Saudi Aramco, ExxonMobil, Samref ink deal to study Yanbu refinery upgrade

Updated 08 December 2025
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Saudi Aramco, ExxonMobil, Samref ink deal to study Yanbu refinery upgrade

RIYADH: Energy giants Saudi Aramco, ExxonMobil, and Samref have signed a venture framework agreement to upgrade the Yanbu refinery and expand it into an integrated petrochemical complex.

As a part of the deal, the companies will explore capital investments to upgrade and diversify production, including high-quality distillates that result in lower emissions and high-performance chemicals, according to a joint press statement.

The agreement will also see the parties explore opportunities to improve the refinery’s energy efficiency and reduce environmental impacts from operations through an integrated emissions-reduction strategy.

Samref is an equally owned joint venture between Aramco and Mobil Yanbu Refining Co. Inc., a wholly owned subsidiary of Exxon Mobil Corp.

The refinery currently has the capacity to process more than 400,000 barrels of crude oil per day, producing a diverse range of energy products, including propane, automotive diesel oil, marine heavy fuel oil, and sulfur.

“This next phase of Samref marks a step in our long-term strategic collaboration with ExxonMobil. Designed to increase the conversion of crude oil and petroleum liquids into high-value chemicals, this project reinforces our commitment to advancing Downstream value creation and our liquids-to-chemicals strategy,” said Aramco Downstream President, Mohammed Y. Al Qahtani.

He added that the deal will help position Samref as a key driver of the Kingdom’s petrochemical sector’s growth.

The press statement further said that companies will commence a preliminary front-end engineering and design phase for the proposed project, which would aim to maximize operational advantages, enhance Samref’s competitiveness, and help to meet growing demand for high-quality petrochemical products in Saudi Arabia.

The firms added that these plans are subject to market conditions, regulatory approvals, and final investment decisions by Aramco and ExxonMobil.

“We value our partnership with Aramco and our long history in Saudi Arabia. We look forward to evaluating this project, which aligns with our strategy to focus on investments that allow us to grow high-value products that meet society’s evolving energy needs and contribute to a lower-emission future,” said Jack Williams, senior vice president of Exxon Mobil Corp.