Search KuwaitPR.com

Home >> Business and Economy

ROYAL COMMISSION FOR ALULA HOSTS INAUGURAL SUPPLY CHAIN FORUM TO BOOST PARTNERSHIP NETWORK, EXPLORE NEW PROJECTS, AND SUPPORT INVESTMENT OPPORTUNITIES

Friday, March 1, 2024/ Editor -  

Share

Home >> Business and Economy
  • RCU engaged with representatives from sectors including construction, urban regeneration, economic development, and more to discuss capacity building and growing supply chain efficiency
  • Leading contractors explored opportunities for future development projects, to share interest in bidding for upcoming tenders, and to engage with RCU as a partner of choice  
 
AlUla, Saudi Arabia, 1 March 2024: The Royal Commission for AlUla (RCU) hosted leading contractors at its first-ever Supply Chain Forum, held at Riyadh’s Fairmont Hotel on 29th February.
 
The inaugural event was an opportunity to become part of RCU’s network of partners in diverse sectors, including construction, urban development, economic regeneration, and more, while helping to establish AlUla as the premier destination for wide-ranging projects aligned with the goals of Saudi Arabia’s Vision 2030 plan.
 
Since it was established in 2017 by Royal Decree to comprehensively regenerate AlUla, RCU’s mandate has evolved to include key municipal responsibilities. This has powered the development of master plans to raise quality of life, improve services, and expand facilities across AlUla’s cityscape while unlocking its economic potential.  
 
Last year’s launch of RCU’s second master plan, Path to Prosperity, a vision for the sustainable transformation of core urban areas spanning AlUla Central and AlUla South, served to highlight the myriad opportunities available to contractors who partner with RCU. 
 
As Path to Prosperity is rolled out across AlUla and more and more projects come online, RCU’s need for a clear, solid, and reliable network of supply chain partners, construction experts, and development facilitators will increase. 
 
This first edition of what could become an annual Supply Chain Forum had the attendance of dozens of the top construction and development contractors working within the Kingdom.
 
By engaging with CEOs, executives, and delegates from infrastructure firms, RCU is diversifying its network of partners while helping to incentivise their participation in tenders for upcoming work programmes set to launch in AlUla through 2024 and beyond.
 
Abdulrahman Altheneyan, RCU Chief of Shared Services, said: “As one of the largest development projects ever undertaken, RCU’s work in AlUla is a key driver in the delivery of the Kingdom’s Vision 2030 plan. With Path to Prosperity’s diverse construction projects and development goals continuing to take shape, our close collaboration with an expanding ecosystem of expert partners and contractors is becoming more and more important. 
 
“The role our contractor partners play in AlUla’s transformative growth and development is of great importance. With their support, knowledge, and know-how we’re unlocking AlUla’s potential and making our vision of its comprehensive regeneration a reality. The RCU Supply Chain Forum was an opportunity to meet with partners new and old, and to build solid systems and relationships that will power our ambitions for years to come.”

Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Burgan Bank Receives Two Awards ‘Elite Employment and Talent Development' during ...

KIB | The Stadium joins the ranks of ‘Major Sporting Event of the Year' nominees ...

Ooredoo Assesses HopprTV for Market Intelligence and Delivery in Qatar

Minister of Finance and Minister of State for Economic Affairs and Investment Me ...

Burgan Bank Celebrates 35 Aspiring Talents for Graduating from the Flagship Prog ...

Burgan Bank Reports Strong Earnings for Q1'25

Atlas Blue Celebrates the Launch of Its New Showroom in Kuwait

SHEGLAM launches the Buttery Bliss Blush Stick: The shortcut to glow-up skin

Ooredoo Reinforces Its Leadership in Sustainability as Part of Its Long-Term Vis ...

Burgan Bank Celebrates 15 Employees' Graduation from KIBS Certification Programs

Ipekci Otantik Celebrates Grand Opening at Mercato Mall with Attendance of Turki ...

Air Cargo Demand Grows 4.4% in March

Get a Grip on Glow with SHEGLAM's Newest Prime & Set Spray

Mercato Becomes the UAE's First Autism-Friendly Mall in Celebration of Autism Aw ...

KIB emphasizes the importance of saving and investing as core elements of a secu ...

Casio Releases G-SHOCK Commemorating the 30th Anniversary of the DW-6900

Meet Your New Beauty Must-Haves: Catrice Perfect Duo XXL Effect Mascara & Catric ...

Brighten, Bronze, and Set: Meet Your Must-Have Summer Staples from essence

Emirates and Kuwait Airways ink interline agreement to strengthen travel options ...

KIB Group announces net profit of KD 7.3 million for Q1 of 2025