Month: March 2015

The Annual Investment Forum 2015 kicks off in Dubai at the end of March with great interest from the UAE government

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Reading time: < 1 MinuteHis Excellency Abdullah Ahmed Al Saleh, Undersecretary of the UAE Ministry of Economy for Foreign Trade, affirmed the Ministry of Economy’s commitment to organizing the 2015 Annual Investment Forum, which will be held from March 29 to April 1, 2015, He expressed his confidence in the forum’s success this year, praising the significant organizational efforts made by the ministry’s teams to hold a successful international forum … Read more

In his fatherly speech yesterday. King Salman directs regional governors to receive citizens and submit ideas and suggestions to the Interior Ministry

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Reading time: 7 MinutesThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—received at Al-Yamamah Palace yesterday, in the presence of His Royal Highness the Crown Prince, His Royal Highness the Deputy Crown Prince, Their Royal Highnesses the Princes, Their Royal Highnesses the Regional Governors, His Eminence the Grand Mufti of the Kingdom, Their Excellencies the scholars, sheikhs, and judges, Their Excellencies the ministers, the President and members of the Shura Council, senior civilian and military officials, and a large gathering… Read more

He emphasized the open door policy and determination to provide housing. King Salman's speech threw the ball in the court of businessmen

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Reading time: 2 MinutesThe warm, inclusive, and heartfelt address delivered by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—yesterday, Tuesday—has inspired citizens, businesspeople, and companies of all types and sectors to chart a roadmap for continuing achievements and development through comprehensive economic policies and by viewing citizens with paternal care, compassion, and respect.  This is further reinforced by his gracious directive to His Highness the Minister of the Interior to emphasize the role of the princes… Read more

King Salman bin Abdulaziz: We are determined to develop solutions that ensure adequate housing for citizens

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—emphasized his concern for the services and needs of citizens, His sincere words came in his extensive speech yesterday during his reception of Their Royal Highnesses the princes, ministers, scholars, and a gathering of citizens. He said—may God support him—: “Every citizen in our country and every part of our beloved homeland is the focus of my attention and care; there is no distinction…” Read more

German construction sector returns to Saudi Arabia, calls for easing obstacles  

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Reading time: < 1 MinuteThomas Bauer, president of the German Contractors’ Association, said that German construction companies intend to re-enter the Saudi construction market and carry out joint projects, He made these remarks during a meeting with Fahd Al-Hammadi, Chairman of the National Committee of Contractors and President of the Arab Contractors Union. The meeting took place on the sidelines of the Saudi-German Economic Forum. Thomas noted that the reason for his attendance, accompanied by the German Minister of Economy and Energy, was to coordinate with … Read more

Qassim Housing delivers 250 units to beneficiaries and continues to implement 1124 units in various governorates

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Reading time: < 1 MinuteAs part of its ongoing efforts to provide housing for beneficiaries, the Ministry of Housing’s Al-Qassim Region Branch continues to implement nine housing projects comprising 1,124 housing units and plots of land. These include the Unaizah Governorate Housing Project, which comprises 340 housing units; the Al-Ras Governorate Housing Project, which comprises 100 housing units; the Al-Muznib 100 Governorate Housing Project, which comprises 100 housing units; and the Al-Bukayriyah Governorate Housing Project , which … Read more

In implementation of the Royal Decree. Taif Municipality begins delivering electricity to homes without deeds

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Reading time: < 1 MinuteThe Taif Municipality has implemented the noble royal decree mandating the connection of electricity to homes whose owners do not possess legal title deeds, covering an estimated number of homes, while procedures for the remaining group are being finalized in preparation for connecting electricity to them in due course. The swift implementation of this royal directive has played a role in supporting numerous residential areas and providing relief to a broad segment of low-income residents. It has also contributed to … Read more

Jeddah's acting governor inaugurates the fifth edition of the ”Big Five” construction exhibition

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Jeddah, Saudi Arabia: March 10, 2015The fifth edition of The Big 5 Saudi Arabia, the international building and construction exhibition, was inaugurated yesterday in Jeddah, Saudi Arabia, by Engineer Abdullah Al-Qarni, Acting Mayor of Jeddah. The exhibition is open to visitors from 4-10pm at the Jeddah Center for Forums and Events until Thursday, March 12.

 

With an expected 16,000 visitors in 2015 and 560 exhibitors from 52 countries, The Big 5 Saudi Arabia will provide the opportunity to showcase more than 7,500 innovative products from Europe, America, Asia and the Middle East.

 

Over the past four years since its launch in the Kingdom, the show has grown by 88% and has quickly established itself as the premier international event for construction projects in the Kingdom, providing a platform to build homes, create jobs for Saudi nationals and foster growth opportunities for local businesses.

 

Nathan Wah, Director of Events at DMG Events, said: “The Big 5 Saudi Arabia, an annual event that provides an ideal platform for the latest information and products on all aspects of the innovative, world-class construction industry, is kicking off today and we are extremely proud of its growth and contribution to the construction industry, not only in Saudi Arabia, but across the region. Last year, 98% of last year's visitors confirmed their return this year as the event is key to growing their business.”

 

 

“In response to high demand, we have increased the number of educational seminars due to the high attendance, which is an unparalleled window into the latest information, success stories, and what's new in the world of building and construction. These educational sessions on sustainable design and construction aim to provide professionals with the training they need to advance their careers. Through 13 free workshops, attendees will be able to learn what's new in the world of building and construction.”

 

Elliot Rizk, Business Development Director at Mace Arabia, said: “The Big 5 Saudi Arabia has grown significantly over the past four years and is now the leading international event for construction projects in the Kingdom. The show has been instrumental in the growth of the Kingdom both domestically and internationally. This shows that successful construction projects can get better in terms of providing services to private and government companies, but they need a strong and stable base, which is why The Big 5 Saudi Arabia is getting stronger with each edition.”.

 

The Big 5 Saudi Arabia's gold sponsor is Al Rajhi Steel Company, a leading steel company in the Middle East and North Africa.

“Real Estate Development” approves the loans of more than 5 thousand beneficiaries by the end of next week

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Real Estate Development Fund

Reading time: < 1 Minute Sources have confirmed that the Real Estate Development Fund is preparing to approve the second tranche of loans authorized in the budget for the fiscal year 1436/1437 AH. The tranche, which is expected to benefit more than 5,000 citizens, is expected to be approved and announced late next week, according to the source. In the same vein, the Director General of the Real Estate Development Fund, Engineer Yusuf bin Abdullah Al-Zaghibi, confirmed the determination of … Read more

Riyadh Chamber's Contractors Committee discusses stalled government projects

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Riyadh Chamber

Reading time: < 1 MinuteAt its recent regular meeting, chaired by Eng. Saleh Al-Habdan, Vice Chair of the Contractors Committee of the Riyadh Chamber of Commerce, the committee discussed developments related to a study on the economic impact of stalled government projects and the role the Chamber could play in engaging with relevant authorities regarding the study to obtain the data and information and statistics necessary for the study. The meeting also addressed the progress made in preparing the comparative study between … Read more

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