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World Bank, IMF to consider climate change in debt reduction talks “Whatever we will do in the Kingdom will support emissions reduction, and we are doing it willingly because the economic benefits (from new energy technologies) are clear,” he said. “We will enjoy being looked at as a reasonable and responsible international citizen because we will be doing more than most European countries by 2030 (to combat climate change),” he said. Saudi Arabia had “set the pace” in tackling the global energy crisis caused by the COVID-19 pandemic, Prince Abdul Aziz said. Swiss firm sets up Saudi division to target shipbuilding sector The company also aims to help develop the local shipbuilding industry Parent company ABB is a global technology company headquartered in Zurich RIYADH: Switzerland’s ABB Marine and Ports is setting up a local division in Saudi Arabia in a bid to expand its client base across the Kingdom’s shipping, ports and offshore sectors. The company also aims to help develop the local shipbuilding industry, part of the Kingdom’s ambitions to diversify its economy away from a focus on the hydrocarbons sector under Saudi Vision 2030 and the In-Kingdom Total Value Add (IKTVA) program. “Through the IKTVA program and Saudi Vision 2030, the country seeks new opportunities — and one of the areas for focus is shipbuilding,” Justin John, ad interim local division manager for Saudi Arabia, said in a statement. “We are delighted to accompany Saudi Arabia on its journey toward a more diverse and environmentally conscious marine sector.” Parent company ABB is a global technology company headquartered in Zurich, with around 105,000 employees in over 100 countries. As well as Saudi Arabia, the company announced this week it will expand its operations in Turkey. The announcement comes as the Kingdom looks to develop its shipping and port sector. In December, Mawani, the Saudi Ports Authority, signed concession contracts with global port operator DP World and regional port operator the Red Sea Gateway Terminal (RSGT) to develop and operate container terminals and use Jeddah Islamic Port as a regional hub for transshipment. Saudi Arabia’s Public Investment Fund (PIF) in January also bought a 20 percent equity stake in Red Sea Gateway Terminal Limited, a privately owned independent terminal operator. Meanwhile, Jeddah Islamic Port last month reported a 12 percent year-on-year increase in the number of transshipment containers processed in 2020, despite the global slowdown in trade due to the pandemic. The port processed an extra 2.5 million standard containers last year, in line with the Kingdom’s ambition to become a global logistics center. More than 13 percent of the volume of international maritime trade passes through the port, which is considered a link between Asia, Europe and Africa. Saudi investors pump $144m into London’s office market Despite Brexit and the pandemic, the UK capital remained attractive in 2020 Investors from the UAE have been the most active since 2018, followed by investors from Qatar, Kuwait and Saudi Arabia RIYADH: Arab investors have invested £1.2 billion ($1.68 billion) in London’s office real estate market since 2018, with Saudi Arabia accounting for £103 million, according to industry data. Figures from global real estate consultancy firm Knight Frank found that over the last decade (2010-2020), the Gulf Cooperation Council (GCC) states, excluding Oman, together invested £8 billion into London’s office market, £1.2 billion of that since 2018. Investors from the UAE have been the most active since 2018, injecting £531 million into the UK capital, followed by investors from Qatar (£435 million), Kuwait (£120 million), Saudi Arabia (£103 million) and Bahrain (£8.8 million).

https://www.arabnews.com/node/1812546/business-economy

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Safety is a key aspect of the lifting industry. While manufacturers of lifting technology are keen to highlight the latest risk-reducing features of their wares, crane owners also need to demonstrate the rigour of their safety and maintenance procedures. These procedures can themselves be risky: overhead cranes are often used in challenging working environments, and lifting equipment may be installed at great heights, with operators having to work in small spaces and close to the ceiling of factories and warehouses. As a result, carrying out maintenance and inspection can be a complex task that requires its own set of safety processes, best practices, and technology. Much of the guidance for inspection of lifting equipment is taken from LOLER (Lifting Operations and Lifting Equipment Regulations), outlined by the UK’s Health and Safety Executive (HSE). learn more here Elements of LOLER have been included in other safety regimes, and in multinational companies’ in house procedures. “We align our inspection process with the requirements of LOLER,” says Steve Hutin, managing director of UK-based lifting equipment supplier Rope and Sling Specialists (RSS), which also carries out inspection of cranes. LOLER states that: “If your business or organisation undertakes lifting operations or is involved in providing lifting equipment for others to use, you must manage and control the risks to avoid any injury or damage”. The Work at Height Regulations (2005) from the HSE additionally give operators guidance on best practice when it comes to crane inspection, insisting that: “employers and those in control of any work at height activity must make sure work is properly planned, supervised and carried out by competent people”. Hutin doesn’t associate extensive risk with the inspection and maintenance process itself but—in accordance with the Work at Height Regulations—emphasises the importance of working with expert lifting industry professionals on such activities. “Anything related to lifting gear should be treated as a specialist field and not something a ‘Jack of all trades’ can do as a bolt-on service,” he explains. “We always recommend that an end user works with a specialist lifting equipment company on anything related to cranes or hoists. It’s a mistake to approach the supply of any lifting-related product or service with a broad mentality. “Unfortunately, I’ve seen many examples recently of products declared fit for use that show clear signs of corrosion, cracks, distortion, wear, elongation, missing catches, lack of maintenance, cuts, abrasions, poor assembly—and more!” In many cases, to minimise the risk posed during inspection processes, operators will use a Mobile Elevated Working Platform (MEWP), and make use of fall arrest systems that prevent operators from falling to the ground. There are different types of MEWPs, including scissor lifts—which can extend to heights of about 60ft (18m)—and platforms that make use of an extendable boom and can reach to up to around 180ft (55m). Generally, scissor lifts have a much bigger working platform (around 7m by 2.5m) than boom-based technologies, with each providing different benefits appropriate to the project in question. “Anything that requires maintenance at a height of 6ft or more will need a proper risk assessment and an appropriate solution,” explains David Hall, product and business development manager for UK company Skyjack, which manufactures MEWPs. “In most cases, including for use with overhead cranes, MEWPs will be used for such tasks.” Platforms used for servicing cranes are usually supplied through third-party companies on a rental basis.

http://www.hoistmagazine.com/features/testing-times-2019-6976414/