Safetech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, has announced the setting up of a subsidiary in the Kingdom of Saudi Arabia, in Riyadh.
Romanian executive Mihai Cioltea (44), who was in charge with Inditex, Zara owner, expansion in Romania, Kazakhstan and Russia for eight years, has been recently appointed as development manager at NEOM, a real estate project of Saudi Arabia that envisages the construction of several smart cities in the desert.
The Embassy of Saudi Arabia in Bucharest relocated its Official Headquarters to an iconic building in Dorobanti area of the capital city Bucharest, in the vicinity of the Charles de Gaulle Square.
Romanian water brand Aur'a from Caras Severin has signed a contract to deliver its products to Saudi Arabia, half a year after signing a similar partnership with Dubai.