Month: October 2014

200 factories in Abdullah Economic City's industrial valley within 3 years

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Reading time: 2 MinutesKhalid Al Hindi, Executive Director of Sales at the Industrial Valley in King Abdullah Economic City, confirmed the establishment of 200 factories in the valley over the next three years, noting that the number of factories currently stands at 80, which is expected to reach 100 factories by the end of this year. The number of factories in KAEC's Industrial Valley is currently at 80 and is expected to reach 100 by the end of this year. Read more

«Saudi Banks» : All segments will benefit from real estate financing regulations

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Reading time: 3 MinutesTalaat Hafez, spokesman for Saudi banks, called on everyone not to rush to judge the systems before they are applied and tried, refusing to hold a specific party responsible for solving the housing crisis, pointing out that the system will be applied on time and will initially be subjected to a trial period, through which it will be clear to everyone that the systems will benefit all segments, whether those with ... Read more

The Federation of GCC Chambers launches «Khalajna»

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Reading time: 2 MinutesThe Federation of GCC Chambers (FGCC) has launched the «Khalajna» project, which aims to help GCC nationals looking for job opportunities to find various jobs in support of the directives of the GCC governments in achieving sustainable development through the latest technologies. The Secretary General of the Federation of GCC Chambers, Abdulrahim Hassan Naqi, and Engineer ... Read more

Real estate and economic analysts' survey on housing finance

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Reading time: 3 MinutesReal estate developers, economic analysts and specialists in real estate financing confirmed that the decision of the Monetary Authority to oblige the financing bodies to require 30% as a down payment to obtain housing finance will be a new obstacle for low-income people to apply for loans, and they expect that this percentage as a down payment of the value of the property will not be effective, while they pointed out that the decision will limit the rise in prices for land ... Read more

Hopes and a housing spiral

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Reading time: 2 MinutesThere are many hopes in housing projects to solve or at least alleviate the housing crisis, but when these projects are built, there is no doubt that they need years and years to be completed, which is usually followed by extensions and extensions. People talk about who deserves and who doesn't, and talk here and there: He says that so-and-so's name appeared, and another says that my brother is saved ... Read more

«Dala participates in the SIAL International Exhibition in Paris

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Reading time: < 1 MinuteThe Arab Company for Modern Industries (Dala) is preparing to participate in the 25th edition of the international exhibition «SIAL» in Paris, France, from October 19 to 23, 2014, through the Saudi Export Development Authority (SEDA). On this occasion, Sheikh Saqr bin Mohammed Al Saqr, Chairman of the Board of Directors of the Arab Company for Modern Industries (DALA), explained that the participation in ... Read more

China-Arab Cooperation Conference kicks off in Riyadh next November

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Reading time: < 1 MinuteThe fourth session of the Arab-Chinese Energy Cooperation Conference will be held in Riyadh from November 18 to 20, 2014. This was explained by Dr. Mohammed bin Ibrahim Al-Tuwaijri, Assistant Secretary-General for Economic Affairs at the League of Arab States, noting that the General Secretariat will participate in the conference with a high-level delegation headed by him and in the presence of a large number of senior officials and experts ... Read more

Public Authority for Tourism Development Projects

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Reading time: < 1 MinutePrince Sultan bin Salman bin Abdulaziz, Chairman of the General Authority for Tourism, recently discussed at the Authority's headquarters in Riyadh with the self-appointed members of the Board of Directors of the Authority in its fifth session the tasks of the Board and the development paths for the new session of the Board in the next important stage, highlighting the comprehensive development project undertaken by the Authority to develop the tourism, investment and cultural heritage sectors, ... Read more

Saudi stocks continue to fall

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Reading time: < 1 MinuteThe Saudi stock market index continues its series of declines, closing down 355.46 points, or 3.59 percent, at 9547.54 points, with trades of nearly 10.2 billion, during the past week... The last period witnessed a sharp decline in market shares, in which the shares of 151 companies recorded a decline in value, while the shares of 4 companies rose between 1.23 ... Read more

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