Saudi Arabia’s Neo Space Group to power Thai Airways with advanced in-flight connectivity

Saudi Arabia’s Neo Space Group to power Thai Airways with advanced in-flight connectivity
Martijn Blanken, CEO of Neo Space Group
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Updated 08 April 2025
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Saudi Arabia’s Neo Space Group to power Thai Airways with advanced in-flight connectivity

Saudi Arabia’s Neo Space Group to power Thai Airways with advanced in-flight connectivity

Neo Space Group, a Public Investment Fund company and Saudi Arabia’s leading commercial space services provider, announced an expanded partnership with Thai Airways International to equip 80 aircraft with its state-of-the-art in-flight connectivity solution.

This announcement builds on the earlier announcement of NSG and Thai Airways collaboration to deliver a seamless in-flight connectivity service, offering market-leading connection speed, global gate-to-gate coverage (where permitted), and a personalized passenger experience through seamless login and exclusive benefits for Royal Orchid Plus members.

Thai Airways’ passengers will benefit from unlimited, high-speed internet access throughout their journey. NSG’s IFC solution leverages the SES Open Orbits network, delivering high-speed, low-latency coverage through both GEO and MEO satellites across the airline’s global routes.

The rollout will begin with Thai Airways’ Boeing 777 fleet, which will be retrofitted starting in Q3 2025. In parallel, the Airbus A321neo fleet currently in production will be line-fitted with the Airbus HBCplus platform, with deliveries starting from Q4 2025.

Building on this momentum, Thai Airways’ Boeing 787 Dreamliner fleet, also in production, will be line-fitted with SPI’s Aeroconnect terminal — a major milestone in NSG and Thai Airways’ joint connectivity strategy. Deliveries for the 787s are scheduled to commence in mid-2026.

Martijn Blanken, CEO of Neo Space Group, said: “Being selected by Thai Airways International highlights the strength and versatility of NSG’s multi-orbit connectivity solutions. We are excited to support Thai Airways in elevating the passenger experience with reliable, high-speed internet. This collaboration marks not only the airline’s resurgence but also its forward-thinking vision, and we are proud to play a role in shaping its future.”

He added: “NSG’s IFC solution will deliver internet speeds of up to 200 Mbps, enabling best-in-class complimentary Wi-Fi streaming for premium class passengers and Royal Orchid Plus members. This investment reflects THAI’s broader strategy, building on its legacy of service excellence and digital innovation — while continuing to deliver its signature hospitality.”

Wirush Theparak, head of customer experience and product at Thai Airways International, said: “Thai Airways International is committed to delivering an elevated guest experience. Our partnership with NSG allows us to vastly improve our in-flight connectivity and offer our passengers new levels of convenience, entertainment, and comfort. This initiative marks a significant step in our journey to redefine passenger expectations.”


PIF strengthens leadership with key appointments

PIF strengthens leadership with key appointments
Updated 21 May 2025
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PIF strengthens leadership with key appointments

PIF strengthens leadership with key appointments

PIF announced the appointment of Saad Alkroud as head of the local real estate investment division. Alkroud has served as chief of staff since 2021. This move follows the appointment of Aiman Al-Mudaifer as managing director and chief executive of NEOM. Maram Al-Johani has been named acting chief of staff, in addition to being appointed as secretary-general to the PIF board of directors.

In his new role, Alkroud will be responsible for developing PIF’s local real estate and infrastructure investment portfolio, which includes the giga-projects and several other strategic developments.

Alkroud joined PIF in 2016 as head of stakeholder management, overseeing PIF board and committees affairs and international relations, as well as managing relationships with Saudi entities to deliver strategic initiatives and objectives. In 2021, he was appointed as chief of staff, and in 2022, he took on additional responsibilities as secretary-general to the PIF board of directors. In that position, he supervised corporate strategy and business plans, PIF’s project management office, including the establishment of new companies, and the affairs of PIF’s portfolio companies, stakeholders and committees. He also serves on the boards of several PIF companies.

Meanwhile, Al-Mudaifer has led the local real estate investment division since 2018, helping to drive significant growth and transformation. As of 2023, the portfolio included more than 35 real estate companies, with investments in Saudi real estate and infrastructure continuing to deliver sustainable returns. The advancement of and investment in landmark developments and infrastructure projects have helped position PIF at the forefront of Saudi Arabia’s economic diversification, including the creation of tourism and cultural destinations. Al-Mudaifer has served as the acting CEO of NEOM since November 2024 and is a board member of several PIF portfolio companies.

In her new role, Al-Johani will lead organization-wide strategic planning, data and committees governance, and the project management office. In addition, she will oversee portfolio company affairs and manage international and local stakeholders. Al-Johani joined PIF in 2017 after working for PricewaterhouseCoopers. She brings extensive experience to both roles, having served as PIF’s head of data and committees governance and advisory department since 2021.

These appointments reinforce PIF’s strong leadership foundation and support the delivery of its unique mandate and long-term strategy, within the organization and across its portfolio of more than 220 companies, to create opportunities for the global economy and drive the economic transformation of Saudi Arabia.


Bateel gives back to customers with new loyalty program

Bateel gives back to customers with new loyalty program
Updated 21 May 2025
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Bateel gives back to customers with new loyalty program

Bateel gives back to customers with new loyalty program

Bateel International has launched Bateel Rewards, the company’s loyalty program designed to offer exclusive benefits to its customers. Spanning across Bateel Boutique, Café Bateel, and El’an in both Saudi Arabia and the UAE, the program provides members with rewarding experiences across both online, app and in-store purchases and in cafes, adding an extra touch of appreciation.

According to recent market data, 84 percent of consumers say they are more likely to stick with a brand that offers a customer loyalty scheme. Bateel has accordingly introduced its loyalty program to ensure customers not only receive exclusive benefits but also meaningful engagement. The Bateel Rewards program is now live, reinforcing the company’s commitment to providing all customers with unparalleled value.

Bateel is always looking for new ways to enhance its customers’ experience, with innovation at the heart of everything it does. The brand’s loyalty program is a testament to this commitment, designed to go beyond just rewards and create a deeper, more personal connection with its valued customers.

Nurtaç Afridi, CEO at Bateel, said: “We wanted to give back to our loyal customers whose happiness is our biggest motivation. We want to ensure that every interaction with our customers is as rewarding as it is exceptional.”

Designed to integrate effortlessly with customers’ shopping journeys, Bateel Rewards offers a smooth omnichannel experience, allowing members to earn and redeem points both in-store and online. Whether visiting a Bateel Boutique, Café Bateel, Bateel El’an, or shopping via the Bateel online store, members enjoy the same seamless benefits.

Bateel Rewards is a three-tiered membership program designed to offer increasing benefits as customers engage with the brand via three options:

• Silver membership, where customers earn 10 percent back in points on their purchases.

• As they continue to shop, they progress to a Gold membership, earning 15 percent back in points.

• Customers ultimately reach Platinum status, where they receive 20 percent back in points.

Points can be accumulated and later redeemed for discounts on future purchases, ensuring that every interaction with Bateel is both rewarding and enjoyable.

The Bateel Rewards program is now live and free to download from the Apple Store or Google Play, reinforcing the company’s commitment to providing all customers with unparalleled value. The program will be rolled out to other countries where Bateel operates in the next phase.


Areeb Capital signs SR5.8bn financing agreement with SNB

Areeb Capital signs SR5.8bn financing agreement with SNB
Updated 21 May 2025
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Areeb Capital signs SR5.8bn financing agreement with SNB

Areeb Capital signs SR5.8bn financing agreement with SNB

Areeb Capital, a prominent real estate fund management company, announced signing a new financing agreement with the Saudi National Bank, worth SR5.8 billion ($1.5 billion). This agreement will enhance the company’s financing capabilities for its ambitious investment projects in the Saudi real estate market.

The agreement represents a strategic step that supports the company’s efforts to expand its investment portfolio and develop innovative real estate projects that meet the local market’s needs, contributing to lucrative returns for investors and strengthening its status as a leading asset management company in the real estate funds sector.

In a statement, Areeb Capital said that the deal reflects the confidence of prominent banks in the Kingdom, led by the SNB, in its efficient performance and ability to manage and implement remarkable investment projects, particularly in emerging real estate sectors.

Headquartered in Riyadh, Areeb Capital is a leading real estate asset management company with assets under management exceeding SR20 billion. The company targets institutions, family businesses, and high-net-worth individuals, offering Shariah-compliant investment opportunities based on a deep understanding of client needs and risk factors.

Regulated by the Saudi Capital Market Authority, the company provides innovative investment solutions that contribute to developing the real estate sector in the Kingdom.


Escape the ordinary: Celebrate Eid Al-Adha at Nujuma, a Ritz-Carlton Reserve

Escape the ordinary: Celebrate Eid Al-Adha at Nujuma, a Ritz-Carlton Reserve
Updated 21 May 2025
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Escape the ordinary: Celebrate Eid Al-Adha at Nujuma, a Ritz-Carlton Reserve

Escape the ordinary: Celebrate Eid Al-Adha at Nujuma, a Ritz-Carlton Reserve

Nujuma, a Ritz-Carlton Reserve, offers an exclusive opportunity to celebrate Eid in a secluded island setting within the Ummahat Islands in the Red Sea. Surrounded by one of the world’s most untouched marine environments, the resort combines refined luxury with natural beauty. With spacious villas, uninterrupted sea views, and personalized service, Nujuma is designed for guests seeking a peaceful and private holiday experience.

An Eid Al-Adha celebration like no other

To mark Eid Al-Adha, Nujuma is inviting guests to enjoy a thoughtfully curated stay that combines elevated dining, family-friendly moments, and opportunities for rest and renewal. The seasonal offer includes:

  • Daily breakfast and dinner for two: Guests can delight in exquisite dining each day, including two signature experiences — Arabian Surf and Turf at SITA Restaurant on June 7 and a “beach dinner under the stars” on June 8 — creating an atmosphere of celebration and culinary delight.
  • Family-friendly elegance: Children aged 6–12 can join the festivities for an additional SR275++ per child, making this the perfect escape for families seeking a meaningful holiday together.
  • 20 percent savings at Neyrah Spa: Guests can rejuvenate with exclusive savings on luxurious spa treatments, tailored to restore and renew in a tranquil setting.

This offer is valid for stays from June 4–8, with a minimum three-night stay required. Guests can use the promotional code “E4000” to access the offer.

“Let Nujuma, a Ritz Carlton Reserve be the place where your Eid Al-Adha becomes more than a getaway — a time to reconnect with loved ones, reflect on the season, and enjoy the rare stillness of an island sanctuary,” a press statement said.

Tucked away in the remote Ummahat Islands along Saudi Arabia’s ecologically rich Red Sea coast, Nujuma is the first Ritz-Carlton Reserve in the Middle East.

This secluded sanctuary features 65 elegantly designed beach and overwater villas, each offering expansive living spaces, panoramic sea views, and private pools. Inspired by the natural curves of seashells and built with locally sourced materials, the architecture pays homage to the region’s heritage and environment.

Guests can indulge in curated culinary journeys across four distinctive dining venues, where modern gastronomy is elevated by thoughtful storytelling and authentic flavors. Every experience at Nujuma, from wellness at the Neyrah Spa, to stargazing and marine exploration is crafted to connect guests to the rhythms of nature and the spirit of Saudi Arabia.

With a deep commitment to regenerative tourism, cultural authenticity, and meaningful connection, Nujuma is not simply a destination — it is a rare journey into the heart of refined discovery.

For reservations and inquiries, please call +966 1-45040000, email reservations.nujuma@ritzcarlton.com, or visit the website here.


Naif Alrajhi, TGCC partner to execute landmark projects in KSA

Naif Alrajhi, TGCC partner to execute landmark projects in KSA
Updated 20 May 2025
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Naif Alrajhi, TGCC partner to execute landmark projects in KSA

Naif Alrajhi, TGCC partner to execute landmark projects in KSA

In a strategic move aimed at contributing to the continued growth and diversification of Saudi Arabia’s real estate sector, Naif Alrajhi Investment, a Saudi investment group and a leader in real estate development, financial markets, and mergers and acquisitions, has entered into a partnership with Travaux Généraux de Construction de Casablanca — a leader in the construction industry — through its Saudi subsidiary TGCC Middle East.

The partnership will collaborate on the construction of projects developed by Naif Alrajhi Investment within the Kingdom, underscoring the strong confidence and significant potential both parties see in the Saudi real estate market. This collaboration builds on the complementary strengths of both organizations and reinforces their shared commitment to contributing to the Kingdom’s dynamic growth.

Naif Alrajhi Investment is one of the prominent groups in the Kingdom, managing a diversified investment portfolio with a particular focus on the real estate sector. With a strong track record of successful projects both within Saudi Arabia and internationally, the company continues to demonstrate its extensive expertise and strategic vision in real estate development, further solidifying its position as a key player in the industry. 

Naif Saleh Alrajhi, chairman and CEO of Naif Alrajhi Investment

TGCC stands among the top-tier construction firms operating across Africa and the Middle East. With a proven track record of over 1,000 successfully delivered projects and a workforce exceeding 14,000 employees globally, TGCC generates consolidated revenues of more than 8 billion Moroccan dirhams ($867 million). The company maintains a robust presence in six African countries in addition to the Middle East and is distinguished by its international certifications in quality, safety, and environmental standards. In 2021, TGCC was successfully listed on the Casablanca Stock Exchange, marking a major milestone in its growth journey.

Naif Saleh Alrajhi, chairman and CEO of Naif Alrajhi Investment, said: “This alliance with TGCC Middle East aligns perfectly with our vision to contribute to the development of vibrant, forward-looking urban environments in Saudi Arabia and beyond. We are pleased to collaborate with a partner known for its technical excellence and reliability. This partnership supports our commitment to Saudi Vision 2030 by enabling the development of high-quality, sustainable projects that serve the needs of tomorrow.”

Mohammed Bouzoubaa, chairman and CEO of TGCC, added: “This strategic partnership represents a significant step in TGCC’s international expansion and demonstrates our strong commitment to supporting Saudi Arabia’s ongoing transformation. Through our collaboration with Naif Alrajhi Investment, and by leveraging their deep understanding of the regional market, we aim to deliver projects that set new standards in innovation, sustainability, and execution.”

The agreement reinforces Naif Alrajhi Investment’s strategic focus on impactful, high-quality developments that align with national development goals.

“With a shared vision of excellence, the two companies aim to contribute meaningfully to Saudi Arabia’s urban and economic evolution,” a statement said.