Month: August 2014

Saudi Arabia's infrastructure is an attractive environment for foreign direct investment

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Reading time: 3 MinutesSaudi Arabia's environment and laws are an attractive factor for foreign investment, with the Kingdom ranking 76th out of 186 countries in the world with the best destinations for foreign direct investment, according to the Institute of Chartered Accountants in England and Wales (ICAEW) report titled ”Economic Insights for the Middle East in Q2 2014“. Charles Davies, Director of Economic Outlook, said... Read more

The Mining Investment Opportunities Forum in Madinah was a great success

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Reading time: < 1 MinuteThe 2014 Mining Investment Opportunities Forum, organized by the Chamber of Commerce and Industry in Madinah in cooperation with the Ministry of Petroleum and Mineral Resources, was a great success, with more than 15 specialized companies and more than 14 speakers, aimed at highlighting the potential of mining in the region, announcing investment opportunities and partnership requirements, and announcing a new phase for the development of the mining sector ... Read more

The GCC Secretariat celebrates the 33rd anniversary of the establishment of the GCC

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Reading time: 2 MinutesThe General Secretariat of the Cooperation Council for the Arab States of the Gulf (GCC) in Riyadh recently held a grand celebration to commemorate the thirty-third anniversary of the establishment of the GCC, under the patronage of His Royal Highness Prince Turki bin Abdullah bin Abdulaziz Al Saud, Governor of Riyadh Region, and in the presence of Their Excellencies and a number of senior officials in the Kingdom of Saudi Arabia and members of the diplomatic corps. Read more

Contributions Committee sells land in Riyadh's Shalala plan after 40 years in limbo

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Reading time: 2 MinutesThe Ministry of Commerce and Industry, represented by the Real Estate Contributions Committee, recently held a public auction to sell 106 residential and commercial plots in the “Shalala” scheme in Riyadh, which has been stalled for about 40 years, and the sales of the auction, which was held last Thursday afternoon at Khuzama Hall in Riyadh, amounted to more than 74.3 million riyals. The auction witnessed ... Read more

Incubators export Jubail Plastics to local markets

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Reading time: < 1 MinuteAfter several months of continuous work, the industrial business incubators at the Industrial Development Center at the Jubail Technical Institute of the Royal Commission in Jubail Industrial Area succeeded in bringing their products to the local markets under the title «Made in Jubail.» Khalid Ali, the young Saudi entrepreneur, told Al Sharq that his project, which he chose «Jubail Plastics» as its name, is related to the manufacture of plastic bags of all ... Read more

Saudi Arabia tops the list of the 100 largest projects in the Middle East

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Reading time: 2 MinutesSaudi Arabia accounted for the largest share in the list of the 100 largest projects in the region, with 36 projects totaling $105.5 billion, followed by Iran in second place with a share of $60.1 billion, while the UAE came in third place with 11 projects totaling $28.3 billion, as of the end of the second quarter of 2014. According to ... Read more

Saudi Arabia's International Plastics Exhibition opens today

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Reading time: < 1 MinuteThe 14th edition of the Arab-African International Exhibition for Plastics Machinery, Raw Materials, Plastics Industries and Supplies (Plastex 2014) will kick off on Saturday morning which will be held in Cairo from August 30 to September 2 at the Cairo International Convention and Exhibition Center in Nasr City. Saudi Arabia is participating in this year's edition with more than 31 countries around the world and 350 companies ... Read more

Saudi Stock Market - (Weekly Report)

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Reading time: 2 MinutesHigh volatility of the general index ends the week in a balanced pattern The general index opened last week with a rise to 11051 points, led by the banking sector. This was followed by a sudden drop to 10800 points almost in an hour, then the market tried to regain its gains after high trading, which reached 16 billion riyals in one session, and added a new high at the level of ... Read more

Saudi Energy Expo 2014 concludes amidst global interest and participation

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Reading time: 2 MinutesSaudi Energy 2014, the international trade exhibition for electricity, power generation, alternative energy, water and lighting technology, concluded its activities after three days of continuous activities at the Riyadh International Convention and Exhibition Center from May 26-28, 2014, with the participation of more than 314 national and international exhibitors from 28 countries representing companies, institutions and entities in the field of energy and water. ... Read more

Financing dozens of small projects worth 238 million riyals

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Reading time: < 1 MinuteThe number of guarantees granted to small and medium enterprises in the region provided by the ”Kafala” program since its inception in 2006 until the end of the first quarter of the current year 2014 amounted to 231 guarantees, worth 117 million, from which 124 enterprises benefited with a financing value of 238 million riyals. This was revealed by the symposium of the Business Youth Committee at the Qassim Chamber, where ... Read more

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