Tawuniya partners with TT Club to elevate Saudi transport & logistics risk management

Sultan Alkhomashi, CEO of General Sector at Tawuniya
Short Url
Updated 13 August 2025
Follow

Tawuniya partners with TT Club to elevate Saudi transport & logistics risk management

TT Club, an international insurer for the transport and logistics sectors, has entered into a strategic reinsurance partnership with The Company for Cooperative Insurance, or Tawuniya, a Saudi insurance provider.

The collaboration facilitates the launch of a newly approved liability insurance product tailored specifically to the transport and logistics industry in the Kingdom.

The new product, approved by Saudi Arabia’s insurance regulator in January, enables Saudi-based transport and logistics operators to access global-standard liability coverage through Tawuniya, with TT Club acting as the reinsurer.

This development directly aligns with Saudi Arabia’s Vision 2030 ambitions to transform the nation into a global logistics hub. Recognizing this strategic direction and the evolving risk landscape, TT Club and Tawuniya are working together to provide this vital specialized liability coverage.

Kevin King, CEO of TT Club, said: “As Saudi logistics operators expand internationally and adopt world-class operational standards, they are also developing their risk management strategies. Specialist liability insurance is a cornerstone of those strategies, in that it protects operations, supports reputational integrity, and helps to enable sustainable growth.”

The partnership does not involve a traditional joint venture or shareholder agreement. Instead, it acts practically as a commercial collaboration to provide market-leading coverage within the framework of Saudi Arabia’s well-regulated insurance landscape.

Sultan Alkhomashi, CEO of general sector at Tawuniya, said: “This partnership with TT Club strengthens our ability to serve Saudi logistics operators with world-class insurance solutions that meet the highest international standards. Together, we are helping build safer, more resilient supply chains and supporting the Kingdom’s long-term vision to be a regional and global logistics powerhouse.”

TT Club has also recently strengthened its board of directors with the appointment of Saffia Abdulla Kanoo in June. Kanoo is vice president and international business director at Kanoo Logistics, one of the longest-established logistics businesses in the Middle East. Based in Saudi Arabia, she has worked across air cargo, shipping, customs clearance and specialized logistics services.


Alfanar Projects wins MEED Award for ‘Industrial Project of the Year’

Updated 17 December 2025
Follow

Alfanar Projects wins MEED Award for ‘Industrial Project of the Year’

Alfanar Projects has been recognized as a “national winner” at the MEED Projects Awards 2025, for its role as the main contractor in the landmark Tuwaiq Casting and Forging Plant, which was awarded “Industrial Project of the Year.”
Developed through a strategic partnership between the Saudi Arabian Industrial Investments Company, or Dussur, Saudi Aramco, and Doosan Heavy Industries and Construction, the Tuwaiq Casting and Forging Plant represents a cornerstone in the Kingdom’s drive to establish a world-class industrial base, localize advanced manufacturing capabilities, and strengthen national supply chains.
Situated in Ras Al-Khair Industrial City, the plant spans over 400,000 square meters, encompassing 39 major buildings and an extensive network of infrastructure and external works. Alfanar Projects delivered the project on a lump-sum turnkey basis, executing more than 122,000 cubic meters of concrete, erecting 25,000 tons of structural steel, installing hundreds of kilometers of underground piping and cabling, and implementing advanced electrical and mechanical systems to global engineering standards.
With a production capacity of 60,000 tons per year, utilizing state-of-the-art sand casting and open-die forging technologies, the plant will play a pivotal role in serving critical sectors such as the oil and gas industry, maritime industries, and heavy equipment manufacturing, while advancing Saudi Arabia’s goals of industrial localization and self-sufficiency.
Jamal Wadi, president of Alfanar Projects, said: “The Tuwaiq Casting and Forging Plant embodies the pinnacle of what engineering can achieve when coupled with determination. The project brought together complex architectural and structural challenges with advanced engineering solutions, which we executed with precision and efficiency. This landmark facility stands as a testament to our deep expertise as an industrial contractor and to our ability to harness engineering excellence in building strategic projects that underpin the Kingdom’s economic future.”
The MEED Projects Awards, organized in partnership with Mashreq Bank, are among the most prestigious accolades in the region, celebrating excellence in project delivery across sectors. Alfanar Projects’ recognition underscores its role as a leading national contractor, committed to delivering world-class industrial infrastructure projects that support the Kingdom’s long-term vision for sustainable growth and industrial leadership.
The leading engineering and construction company is dedicated to advancing the Kingdom’s infrastructure and industrial landscape in alignment with Vision 2030. Through its commitment to sustainable development, Alfanar Projects supports the growth of key sectors, including building construction, urban infrastructure, renewable energy, and grid modernization across Saudi Arabia and internationally. With an emphasis on localization, innovation, and sustainability, Alfanar Projects continues to deliver world-class solutions that contribute to the Kingdom’s ambitious economic and social transformation.