The Saudi Research & Media Group (SRMG) has announced the establishment of its new headquarters at the King Abdullah Financial District (KAFD), the new global centre for business and commerce in capital, Riyadh.
This comes in line with the growth and expansion strategy announced by the group last year, which aims to cement its leadership position in the media sector in the region, redefine the regional media landscape and support its efforts to become one of the key leading media groups globally.
The move lays the foundation for a global creative media hub in Saudi Arabia that brings together the most prominent media, technology and content companies.
According to SRMG, the new state-of-the-art headquarters will allow the group to meet the aspirations of millions of readers, viewers, and followers from across the globe monthly.
The new environment, which will feature market-leading digital technologies and data capabilities, will enable the group to foster stronger integration and optimize synergies between the group’s businesses and talent, and support the development and digitization of its media platforms.
It will also enable the group to enter new fields such as events, conferences, exhibitions and book publishing, as well as support the group’s research and polling capabilities.
CEO Jomana Al Rashid, said: "Our vision for the new headquarters is to drive the creation of a global creative media hub at KAFD in particular and in the city of Riyadh in general. The group’s headquarters will attract creative talent and provide numerous career opportunities across more than 30 media platforms in all disciplines and fields, including content creation, journalism, production, directing, writing, event management and more."
"SRMG will also serve as an incubator for entrepreneurs by offering investment and strategic support, and facilitate new business opportunities underpinned by the latest technologies in connectivity, communication, and data analysis, which will ultimately lead to a great positive impact on the Group mainly and the wider media sector," he noted.
"The new headquarters will house the group’s various media platforms and businesses under one roof including: “Asharq Al-Awsat”; Asharq network which includes “Asharq News” and “Asharq Business with Bloomberg”, “Arab News”, “Independent Arabia,” “Argaam”, “Manga Arabia”, “Sayidaty” and “Hia” magazines, as well as the Group’s businesses: SRMG Media, SRMG X and SRMG Think, ultimately leading to the establishment of a thriving creative media hub at KAFD," stated Al Rashid.
"The group’s integration will also strengthen its position as a preferred media partner, and builds on the success of its existing partnerships with leading institutions such as Bloomberg and The Independent," he added.
The new headquarters in the capital, Riyadh, marks the beginning of the Group’s global expansion, including that of Asharq network and its platforms “Asharq News” and “Asharq Business with Bloomberg”, with plans to establish several global offices in Washington and Singapore, in addition to its current offices in London and Dubai.
In addition, the Group will employ top-of-the-line studio technologies with data-based capabilities, including social media, podcast and virtual reality studios, and introduce new content offerings such as cultural and scientific documentaries, supporting the group’s legacy as a trusted source of news and information.
The KAFD is considered an architectural masterpiece, characterised by the integration of its services and its pivotal location, all of which are success factors to attract the greatest talents and produce creative work," he added.
CEO Gautam Sashittal said: "The establishment of the headquarters in KAFD for the most prominent regional media group is an important step in our development as a premium business and lifestyle destination in the region. The presence of the new headquarters of the Saudi Research and Media Group will contribute to enriching the business environment within KAFD, in addition to its contribution to attracting talent and stimulating growth and expansion."
"We welcome the group to KAFD; together we will support the Kingdom's future as a knowledge and information-based economy," added Sashittal.
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