Most of Saudi Arabia’s growth in the last few years was driven by newly-created economic sectors in line with Vision 2030, such as sports, entertainment, and tourism, in addition to industrial sectors, Faisal Alibrahim, Minister of Economy and Planning, said. In a press...
Saudi Real Estate Co. (Al Akaria) and Riyadh Development Co. (ARDCO) signed, on April 25, a cooperation agreement with Riyadh Holding Co. to set up a special purpose vehicle to develop educational complexes at the cost of SAR 275 million, including the land value, the...
Retal Urban Development Co. signed on April 25 an agreement with its subsidiary, Building Construction Company Limited to develop eight residential buildings in Riyadh at a total value of SAR 240 million, exclusive of taxes (if applicable). The agreement is valid for 26 months from ...
Alaa Al-Sawwaf, robotics engineer and official at China's Terminus Group in the Middle East, said the group plans to invest and expand in the Saudi market over the next two years through producing highly intelligent robots. On the sidelines of DRIFTx held in Abu Dhabi, Al-Sawwaf...
The Saudi Authority for Industrial Cities and Technology Zones (MODON) and Nahdi Medical Company have signed the operational agreement for the IMDAD distribution center in Jeddah. This center, spans an impressive area of 250 thousand square meters, making it the first in the Kingdom and the Middle...
The decision to grant Saudi, Bahraini, and Omani citizens a five-year Schengen visa when applying for the first time does not imply any additional fees, Al Eqtisadiah newspaper reported, citing Christophe Farnaud, EU Ambassador to Saudi Arabia. He added that application for the...
Industry leaders, academic researchers, educators, innovators, business pioneers, and over 100 family business representatives from Saudi Arabia discussed the evolving landscape of family businesses and the modern business practices in Saudi Arabia. The event, "Unlock Legacy, Foster...
The International Monetary Fund (IMF) inaugurated a new regional office in Riyadh, Saudi Arabia, to bolster partnerships with countries across the Middle East and beyond. In a statement, the IMF said the new office will focus on promoting capacity building, enhancing regional surveillance, and ...
Saudi Arabia has witnessed remarkable development since launching Vision 2030, as there have been fundamental changes in the legislative and economic regulations to promote sustainable development, Minister of Economy and Planning Faisal Al-Ibrahim said. Speaking at...
ROSHN Group announced today, April 24, the launch of the Dana project, marking its sixth community in the Kingdom and its second in the Eastern Province, with Dhahran as its inaugural location. According to the Saudi Press Agency (SPA), the Dana project spans an area of 1.7 million square ...