Saudi Arabia Achieves Highest Adoption of NFC Contactless Payments

Riyadh, The Saudi Central Bank (SAMA) has announced the Kingdom of Saudi Arabia witnessed the highest adoption of contactless payments through Near-Field Communication (NFC) with 94%, the highest in the Middle East and North Africa, above of the European Union average, and ahead of Hong Kong and Canada.

SAMA clarified the Kingdom’s successful adoption of contactless payments is part of the Saudi Central Bank’s strategy, which builds on the goals of the Financial Sector Development Program (FSDP) of the Kingdom’s Vision 2030 that aims to reduce cash transactions while raising electronic payments to 70% of all transactions by 2025. To achieve these goals, the Saudi Central Bank has fully adopted NFC payments since 2016, taking strategic steps to authorize and facilitate e-payment transactions after ensuring the highest level of security in accordance with international standards and best practices.

The Saudi Central Bank further indicated that the relevant infrastructure supporting NFC payments has been deployed through close collaboration with Saudi Payments, payment services providers, and banks to provide unified and interoperable specifications that make these transactions within everyone’s reach. These operations included overhauling the national payment ecosystem and replacing all bank cards and Point-Of-Sale terminals as well as ensuring that all devices endorse the technology.

A number of key initiatives that paved the way for the rapid adoption of contactless payments in Saudi Arabia included the Saudi Central Bank’s decision increasing the NFC transaction limit from SAR100 to SAR300, and enabling payment through smart devices, as well as the National Anti-Concealment program’s decision urging all commercial activities to install POS terminals. This is in addition to the awareness efforts to introduce NFC payments to the public and resolve misconceptions regarding the security of such transactions.

The Saudi Central Bank also indicated that public transport projects and the Riyadh Metro project will adopt NFC in their payment operations, in a step that will align the Saudi public transport system with the latest payments technologies.

The announcement of Saudi Arabia’s ranking in contactless payments adoption was first made in a whitepaper published by Saudi Payments, a fully-owned subsidiary of the Saudi Central Bank (SAMA), in partnership with Visa, the world leader in digital payments. The whitepaper, titled ‘NFC Contactless adoption in Saudi Arabia 2020’, covered NFC penetration in the European Union (80%), Hong Kong (79%) and Canada (76%), besides MENA, where Kuwait and United Arab Emirates had an 81% adoption rate.

Source: Saudi Press Agency

Turki Al Al-Sheikh Signs his 1st Novel “Cello” at RIBF 2021

Riyadh, Advisor at the Royal Court and Chairman of the Board of Directors of the General Entertainment Authority (GEA) Turki bin Abdulmohsen Al Al-Sheikh, today signed his first novel, entitled “Cello” on the book signing platform at Riyadh International Book Fair (RIBF) 2021.

A large number of intellectuals, authors, writers and visitors have witnessed the signing of Al Al-Sheikh’s novel, which was published by That Al Salasil for printing and publishing.

To mark the occasion, Al Al-Sheikh underscored that he will sell his novel for one dollar or its equivalent in foreign currencies in support of culture and literature in the Kingdom of Saudi Arabia and all over the world.

Source: Saudi Press Agency

Minister of Culture Receives French Foreign Minister

Riyadh, Prince Badr bin Abdullah bin Farhan, Minister of Culture, received here today the French Foreign Minister Jean-Yves Le Drian.

During the meeting, they discussed ways to enhance cultural cooperation between the Kingdom of Saudi Arabia and France, in addition to many topics of common interest.

Source: Saudi Press Agency

Saudi Arabia’s Pavilion at Expo 2020 Dubai, A Journey of Creativity

Riyadh, Under various folkloric shows, the picturesque floodlights decorated in green, and the very striking design, the Kingdom of Saudi Arabia’s pavilion at Expo 2020 Dubai welcomes its visitors with its high-rise facade and unique design, as the young Saudi men and women welcome guests with a wide smile drawn on their faces, reflecting the generosity of the Saudi hospitality and rich culture.

Since its day one, the Saudi pavilion succeeded in attracting visitors through a set of interactive models and lights that revealed the pavilion’s multi-dimensional content based on four main pillars: a vibrant community, heritage, nature, and opportunities, which allowed the pavilion to win unprecedented numbers of visitors such as the “digital fountain” which the visitors get the chance to witness as they enter into the pavilion on their way to a group of curved engineering stairs leading to the main reception hall, which embraces a curved display screen with an area of 68 square meters, and displays five ecosystems in the Kingdom including the green landscapes of Wadi Al-Bardani, the charm of the coasts of Farasan Island, the deserts of the Empty Quarter, the shores of the Red Sea, and the mountains of Tabuk.

As they continue to proceed, the visitors of the Saudi pavilion, through the long electric stairs, and in an atmosphere of special visual and audio effects, witness a unique opportunity to embark on another journey showing the ancient past of the Kingdom on both sides of the stairs, and allowing visitors a chance to explore by simulating models of around 14 heritage and cultural sites, built and designed on both sides, allowing them to get acquainted with famous Saudi heritage sites, including the five sites included in the UNESCO World Heritage List, such as Al-Turaif neighborhood, Al-Hajar, Historic Jeddah, and rock art in Hail region and Al-Ahsa Oasis.

Upon reaching the end of the electric stairs, and after passing through the heritage sites, visitors go through an audio-visual journey to 23 sites that represent the richness and diversity in the various regions of the Kingdom, and the harmonious relationship between the Kingdom’s 13 regions, reflecting the country’s demographic diversity that contributed to its cultural and human richness as each region has its advantages and unique environment, starting with the Grand Mosque, the ancient village of Thee Ain, the Shaybah oil field, the Farasan Islands, Wadi Al-‘Ula, and Al-Wahba crater, passing through heritage and contemporary sites such as the Tantora Balloon Festival and the Maraya Concert Hall in Al-Ula, all the way to the Jeddah Waterfront, the King Abdullah Financial District in Riyadh, and the King Abdullah Petroleum Studies and Research Center.

After the aforementioned unique experience, visitors will enjoy an escalator topped with 2030 ” Scenographic” crystals, symbolizing the “Saudi Vision 2030”, accompanied by a window overlooking the most important giant projects of the Kingdom that are currently being implemented, such as the Qiddiya project, the Diriyah Gate development project, and the Red Sea project, in addition to other vibrant development projects that are being implemented as per environmentally friendly concepts such as King Salman Park project, and “Saudi Green Initiative” and “Middle East Green Initiative” projects.

The Saudi pavilion also includes the “Vision” art exhibition, which includes a multi-faceted 30-meter giant ball, with an interactive digital floor, highlighting the essence of Saudi culture prepared by a group of Saudi artists and creators who worked on designing these digital paintings that come together to form an integrated panel bearing all the elements of success and continuity, and prepares visitors to move towards the investment opportunities center, which explores fruitful and diversified partnerships with major Saudi leading companies and institutions and contains six vertical information incubators that provide extensive information on economy and investment, energy, nature and tourism, people and homeland, transformation, art, and culture.

Moreover, the pavilion offers a nature side that has been devoted to a wide outdoor space represented in the palm garden canopies, where the pavilion is adorned with two hanging gardens, surrounded by palm trees and plants that can be found in different Saudi ecosystems, which were transferred directly from the various regions of the Kingdom, and shipped according to special environmental standards to the Kingdom’s pavilion at the “Expo 2020 Dubai”.

Also, the Saudi pavilion provides visitors with various Saudi flavors and traditional dishes, as well as various types of Arabic coffee for which the regions of the Kingdom are famous, in addition to the antiques and souvenir shop, which has witnessed a great turnout since the first day.

Source: Saudi Press Agency

Acting Minister of Media Visits RIBF 2021 and Praises Iraqi Culture

Riyadh, Acting Minister of Media Dr. Majid bin Abdullah Al-Qasabi on Saturday paid a visit to Riyadh International Book Fair (RIBF) 2021.

He began the visit with a tour of the pavilion of the Republic of Iraq, the guest of honor of this year’s RIBF, where he was briefed on the pavilion and its contents.

During the tour, Dr. Al-Qasabi underscored the depth of the historical relations between the Kingdom and Iraq at all levels, citing the cultural and scientific partnership between the two countries as it has a deep dimension of knowledge sharing.

He further said, “Iraq is the state of civilization and history and there are important ties and a unified social fabric between us and Iraq. We are honored to have the state of Iraq at Riyadh International Book Fair and we look forward to more cooperation between the two countries in everything that enriches Arab, Islamic and global culture,”

Dr. Al-Qasabi added, “His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense had previously honored me to chair the Saudi-Iraqi Coordination Council, and I believe that cooperation between the Kingdom and Iraq will be better.”

Then, the acting Minister of Media toured RIBF, where he visited a number of international and local publishing houses and met its visitors, including Saudi and Arab intellectuals, authors and writers.

Dr. Al-Qasabi affirmed that Riyadh International Book Fair is an important global cultural center for all segments of society, as it contributes to strengthening cultural aspects among countries, especially since the Kingdom has hosted many countries in the fair throughout its history, which enabled the exchange of cultural and intellectual aspects in an atmosphere of love and peace to all the world.

Source: Saudi Press Agency

CITC publishes updated document on Regulation and Allocation of Commercial Spectrum Bands Identified for IMT

Riyadh, The Communications and Information Technology Commission (CITC) has updated the IMT regulatory document in furtherance of its National Spectrum Strategy, which aims to unlock the potential of radio spectrum in Saudi Arabia by 2025 for a smarter and safer future. The updated regulatory IMT document is part of the implementation plan for CITC’s Spectrum Outlook for Commercial and Innovative Use 2021-2023.

This further strengthens CITC’s strategic transition towards the role of a “Digital Regulator”, and it is an expression of CITC’s continuing support for the Kingdom’s transformation into a digital society, with the aim of achieving a global leadership position in the field of radio communications and wireless technologies.

CITC has identified an additional 4 GHz of spectrum for use by 5G technologies and has also set a timeframe for the release of this additional spectrum to the market, which will take place through two auctions over the period 2021-2023. These auctions will advance the kingdom’s position in terms of the amount of spectrum assigned for IMT use. This spectrum release will also support telecommunication networks, enable 5G technologies, and improve internet experience and speeds for consumers throughout the kingdom.

This new IMT regulatory document introduces a range of novel economic approaches to maximize the benefits of IMT spectrum for the communications sector and society. These include spectrum trading and secondary markets, and the adoption of a spectrum light licensing scheme. These measures will improve spectrum availability to users and promote efficient use of the national spectrum resource.

Source: Saudi Press Agency

Deputy Sports Minister Tomorrow Opens the World Weightlifting Championship in Jeddah

Riyadh, Deputy Minister of Sports Badr Al-Qadi is scheduled to inaugurate in Jeddah tomorrow the U-17 Youth World Weightlifting Championship, in the presence of President of the International Weightlifting Federation (IWF) Michael Irani. The event is held under the patronage of Prince Abdulaziz bin Turki Al-Faisal, Minister of Sports who is also President of the Saudi Olympic Committee.

The inauguration ceremony will be held with the participation of more than 300 weightlifters representing 54 countries.

On the occasion, Prince Abdulaziz bin Turki Al-Faisal said: “Hosting this championship for the first time in the history of the Kingdom of Saudi Arabia, despite the circumstances affecting the world due to the novel coronavirus (COVID-19) pandemic, embodies the unlimited support the wise leadership of the beloved country is extending to the sports sector in realizing the targets of the Saudi Vision 2030 and developing different kinds of sports, as well as contributing to the GDP of the Kingdom of Saudi Arabia”.

He also welcomed all participating athletes, wishing them a good stay and every participant showing a distinguished technical level.

Source: Saudi Press Agency