BUSINESS

Raytheon Saudi Arabia selects new head office

August 13, 2018
Kurt Amend, Chief Executive, Raytheon Saudi Arabia and Eng. Abdulla Bin Fahad Al-Fasam, Chief Executive Officer of Kaden Investments, sign the lease agreement
Kurt Amend, Chief Executive, Raytheon Saudi Arabia and Eng. Abdulla Bin Fahad Al-Fasam, Chief Executive Officer of Kaden Investments, sign the lease agreement

RAYTHEON Saudi Arabia, a wholly-owned subsidiary of Raytheon Company, has signed a leasing agreement with Kaden Investments to make the ‘Riyadh Front’ project home for Raytheon Saudi Arabia’s new headquarters. The leasing agreement supports Raytheon’s growth aspirations in the Kingdom and support’s Saudi Arabia’s Vision 2030 objectives, which aim to attract international businesses and diversify the economy.

Kurt Amend, Chief Executive, Raytheon Saudi Arabia, said, “Raytheon Saudi Arabia is pleased to have signed with Kaden Investments to lease our new headquarters in Riyadh as part of our various partnerships with the local private sector and in line with our growth strategy in the Kingdom. More importantly, this is part and parcel of Raytheon Saudi Arabia’s efforts to create desirable job opportunities for Saudi men and women in the fields of defense, cybersecurity, and aerospace.”

Eng. Abdulla Bin Fahad Al-Fasam, Chief Executive Officer of Kaden Investments, said "the lease agreement with Raytheon Saudi Arabia provides multiple benefits for the Kingdom as it supports Raytheon's objectives to localize jobs as well as foster knowledge exchange, which will in turn support the local economy, especially in the defense and technology sectors.”

Eng. Al Fasam added: “Kaden Investments has launched a first of its kind project in the Kingdom called the “Riyadh Front”, which is a major step forward for the local economy by providing platforms for business and shopping as well as entertainment and hospitality in an area covered with green spaces with water features.“

Geared to be Riyadh’s leading business destination, Business Front offers a modern architectural design with flexible opportunities suited to different business needs. Strategically located, it offers a vibrant and natural setting where professional and social relationships come together. Business Front has succeeded in attracting global organizations such as KPMG, Jolly Chic, Boehringer Ingelheim, Servcorp and now Raytheon.” — SG


August 13, 2018
2790 views
HIGHLIGHTS
BUSINESS
8 hours ago

Jeeny Launches the Month of Goodwill’s CSS Initiative

BUSINESS
19 hours ago

Infinix Note 40 Pro 5G - The gaming powerhouse at a JAW dropping price of SR999

BUSINESS
day ago

Xiaomi: Chinese smartphone giant taking on Tesla