«Al Joud Investment offers 85 plots in the Al Malaz suburb of Onaiza

Reading time: < 1 MinuteAl Joud Real Estate Investment and Development Company will organize a public auction on Friday, 14/6/1436 AH, in the city of Unaiza to sell the second phase of the (Dahiyat Al Malaz) project, which includes 85 plots ranging in size from 20 to 50 thousand square meters, according to the company's chairman, Nizar Al-Hamad Al-Harkan. The Chairman of the Board of Directors, Nizar Al-Hamad Al-Harkan, valued the strategic location of Dahyet Al-Malaz, which is suitable for recreation, agriculture, practicing hobbies and raising ... Read more

“Industrial Development” showcases its facilities at the Annual Investment Forum in Dubai to provide incentives for investments

Reading time: < 1 MinuteThe Saudi Industrial Development Fund (SIDF) participated in the Annual Investment Forum in Dubai, as part of several government agencies representing the “Invest in Saudi Arabia” exhibition organized by the General Authority for Investment (GAFI), and explained through its participation in the forum to introduce its services to investors and highlight its contribution with various agencies in supporting and stimulating investment in the industrial sector and achieving the goals and policies of industrial development programs ... Read more

Saud bin Khalid: $140 billion investment plan to be launched in May

Reading time: 2 MinutesHis Royal Highness Prince Saud bin Khalid Al-Faisal, CEO of Investment Regulations and Policies at the Saudi Arabian General Investment Authority (SAGIA), revealed the identification of individual investment opportunities worth $140 billion in the transportation and healthcare sectors, which will be launched within the Unified Investment Plan (UIP) next May. This came during his speech at the fifth session of the Annual Investment Forum held in ... Read more

”Contractors Committee” calls for utilizing the financing policies of the Asian Infrastructure Bank

Reading time: < 1 MinuteThe National Committee for Contractors of the Council of Saudi Chambers called for providing information and funding sources to foreign banks, including the Asian Infrastructure Investment Bank (AIIB), which the Kingdom has confirmed its participation in this bank, and called on the Ministry of Finance to play an important role in clarifying how the local contracting sector can participate in the future projects of the Asian Infrastructure Bank, which is expected ... Read more

“The Shura Council calls on the Credit Union to expand its loan funds for youth and increase the number of beneficiaries

Shura Council

Reading time: < 1 Minute The Shura Council called on the Saudi Credit and Savings Bank (SCSB) to expand programs and funds that help young people and develop their capabilities. The Council also called on SCSB to expand the role of the National Center for Small and Medium Enterprises to include conducting field studies and building a database on small and emerging projects and related matters. The Shura also stressed the need to set specific and clear rules ... Read more

Emir of Mecca: Jeddah's public transportation project is a qualitative leap in the region, and we are on a date with civilization and sophistication

A paradigm shift in the transportation system

Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah, said that the “Decisive Storm” recorded a new victory for the Saudi political and military policy and a point of positive transformation in all fields of life that the citizens of the Kingdom live under the reign of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him -.Al-Faisal added that the public transport project in Jeddah is one of a system of projects in both Mecca and Taif and stressed that the project will change the map and the transportation system in the Mecca region and these projects will be a turning point in cities to serve residents and visitors according to the best modern international standards, His Highness rejoiced Khalid.

This came during a ceremony marking the start of the public transportation project in Jeddah on Monday morning, which was held in honor of the Jeddah Metro Company signing the third contract for architectural designs with “Foster & Partners UK” worth 300 million riyals, in the presence of the Minister of Municipal and Rural Affairs, in exchange for designing all project stations and facilities, designing locomotives, buses and marine transportation modes inside and outside, and the contract includes the design of the distinctive identity of the project.

Project components

The Jeddah Transportation Project, which was approved by the Council of Ministers in 1434 Hijri, includes a number of components to be implemented according to a specific timetable, namely a light rail network within the city of Jeddah consisting of three main lines: the Orange Line, the Blue Line and the Green Line, in addition to the supporting bus network, the Corniche trolley line, maritime transport and the Holy Haramain train.

Signing planning and design contracts

The implementation of the project goes through several stages of planning and design, then the stages of awarding contracts and implementation, then the stages of experimentation and testing until the stages of operation and maintenance. In this direction, the Secretary of Jeddah Municipality, Dr. Hani bin Mohammed Abu Ras, confirmed the signing of the project management contract with AECOM Arabia to review all engineering and architectural designs, and the contract for preliminary engineering designs was signed with the French company Systra to prepare the engineering designs for all elements of the project. AECOM participated in the preparation of the strategy for the implementation of all elements of the public transport program and the mechanism for offering all its components, including construction contracts and consulting services contracts.

Specialized companies have a strong presence

During the ceremony, an explanation of the master plan of the public transport project in the governorate and the executive timetable for the workflow of all elements of the project, whether executive projects or consulting projects, was presented, and a group of companies specialized in manufacturing and supplying multiple means of transportation participated in the forum, along with a group of design and construction contractors, consultants and related companies from inside and outside the Kingdom.

 

He directed to activate the necessary mechanisms to address ... Emir of Riyadh discusses causes of project delays

Reading time: < 1 Minute    His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region and Chairman of the Riyadh Region Council, chaired a meeting at his office in the Palace of Governance yesterday, which was dedicated to reviewing the follow-up program for Riyadh Region projects carried out by the Higher Authority for the Development of Riyadh City. The program is concerned with identifying and following up on approved and ongoing projects in the region and assessing the progress of their implementation and obstacles ... Read more

“SAPTCO has 150 2016 buses with a total value of SAR 61.8 million

Reading time: < 1 MinuteThe Saudi Mass Transit Company (SAPTCO) has concluded a contract to purchase 150 buses with a total value of 61.8 million riyals to support its fleet as part of the company's preparations for the Ramadan and Hajj seasons for this year 1436 AH. SAPTCO confirmed in a statement on Tadawul that these buses will join the company's fleet during the third quarter of the current fiscal year ... Read more

Riyadh witnesses the fourth edition of the largest international exhibition for iron, metal, glass and aluminum

Reading time: 2 Minutes“Metal & Steel + Glass & Aluminum Saudi Arabia 2015” will be held on April 6-9, 2015 at the Riyadh International Exhibition Center, with the participation of industry leaders and giants from more than 350 Arab and foreign companies from 26 countries around the world to present the latest innovations, technologies and products ... Read more

“Dawawin launches its marketing campaign for Al Badr residential project south of Riyadh

Reading time: < 1 MinuteDawawin Real Estate Company has launched its major marketing campaign for Al Badr residential and commercial project, the largest of its kind in southern Riyadh, which establishes a new concept in the real estate sector from site selection to development to the final consumer's ownership of his modern home. The project is considered one of the most important residential and commercial projects in the south of Riyadh and includes great investment opportunities emphasized by ... Read more