The Annual Investment Forum 2015 in Dubai kicks off today with the participation of 14 Saudi organizations

Reading time: < 1 MinuteThe annual Dubai Investment Forum kicks off today, Monday, under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the United Arab Emirates, with the participation of more than 14 Saudi government and private-sector entities, as well as a number of countries and private-sector companies from around the world. The Kingdom is participating in the forum for the first time since its inception and has been selected as the “Country of Honor” for this edition… Read more

”Abha Chamber organizes the International Conference on Entrepreneurship next week

Reading time: < 1 Minute Under the patronage of His Royal Highness Prince Faisal bin Khalid bin Abdulaziz Al Saud, Governor of the Asir Region, the Abha Chamber of Commerce and Industry will launch the International Conference on Entrepreneurship and Tomorrow’s Leaders under the slogan ”Toward Spreading a Culture of Leadership Among Young Entrepreneurs” next weekend. The Chamber’s Chairman, Engineer Abdullah bin Saeed Al-Mabti, stated that the conference will host a number of prominent figures … Read more

«Bildex East» Kicks Off Today with More Than 120 Specialized Companies Participating

Reading time: < 1 Minute The 17th edition of the Saudi International Building and Construction Exhibition «BuildEx» kicks off today, Monday, with more than 120 local and international exhibitors, and will continue through April 2, 2015. The exhibition is particularly significant because it coincides with a concurrent heavy equipment exhibition held under the patronage of the Governor of the Eastern Province, Engineer Fahad Al-Jubeir, at the company’s center on the Dammam-Al-Khobar Coastal Road. The event is organized by Dhahran Expo … Read more

“Downtown Rakaz” is the first investment plan in the center of Al Khobar with 41 plots of land

Reading time: < 1 MinuteRakaz Real Estate Company—the largest real estate developer in the Eastern Province—has finalized arrangements for the “Downtown Rakaz” project in Al-Khobar’s Central Business District. The aim is to meet the specific demand in the tourism and retail sectors by developing a project that addresses all the requirements of the current phase and accommodates the future growth of the Eastern Province. Commenting on this project, Abdulmohsen bin Hassan Al-Qahtani, Deputy … Read more

«Saudi Investment Group finalizes the operation of two nylon factories»

Reading time: < 1 Minute    The “Saudi Industrial Investment Group” has completed construction work on its “Nylon 6.6” and ”Nylon Molding“ plants and began operations at both facilities earlier this week. In a statement posted on ”Tadawul,” the company said that the plant will go through several phases after it begins operations, including testing of equipment and machinery by suppliers, meeting security and safety requirements, and obtaining the necessary quality certifications. … Read more

“Mecca Clock & Group” Hotels Offer 3,000 Hotel Rooms to Hajj Pilgrims

Reading time: < 1 MinuteDuring the spring break, the Makkah Fairmont, Makkah Raffles, and Makkah Swissôtel group offered the market more than 3,000 hotel units, including rooms, suites, hotel apartments, and royal suites, to serve the guests of the Holy City this season. Mazen Andigani, the group’s director of sales, confirmed that the relevant departments, through diversified marketing strategies, have introduced offers and packages designed to attract … Read more

Spring break boosts business at hotels in the region and increases occupancy rates by more than 80%

King Abdulaziz Airport

Reading time: < 1 MinuteKing Abdulaziz Airport in Jeddah saw a significant increase in passenger numbers, estimated at 22.4%, during the mid-semester break, with 662,070 passengers compared to 540,634 passengers during the same period last year. This had a positive impact on tourist accommodations in the Makkah region in general and the Holy City in particular, … Read more

amounting to 745 million riyals. Alinma Bank deposits shareholders' profits in their accounts

Real Estate Finance - Mortgage Loans

Reading time: < 1 MinuteAl-Inmaa Bank deposited cash dividends totaling 745 million riyals into shareholders’ accounts, following the shareholders’ meeting held in mid-March of this year, with a dividend per share of 0.5 riyals (half a riyal), representing 5% of the par value per share. Abdulmohsen bin Abdulaziz Al-Faris, Managing Director and CEO of Al-Inmaa Bank, congratulated all shareholders on this new achievement, which … Read more

Worth 42 million riyals… “Al-Abdullatif Investment” Signs Contract to Supply Carpets for Mosques Across the Kingdom

Reading time: < 1 MinuteAl-Abdullatif Industrial Investment Company has signed a contract worth approximately 42 million Saudi riyals for a six-month manufacturing project to supply and furnish mosques and prayer halls in the Kingdom under the jurisdiction of the Ministry of Islamic Affairs, Endowments, Da’wah, and Guidance. According to the company’s statement on “Tadawul,” the impact of these contracts is expected to be reflected in the company’s financial statements and sales during the third quarter of the year … Read more

The growth of tourism and hospitality in the capital. 85 hotels, 22,000 rooms and 1000 residential units in Riyadh

Reading time: < 1 MinuteThe Saudi Press Agency (SPA) published a report and statistics on the increase in the number of hotels and hotel apartments in the Riyadh region that are licensed by the General Authority for Tourism and Antiquities’ regional branch,with the number of hotels reaching 85, representing a 40 % increase compared to more than two years ago. Among them are 45 five-star hotels and 25 four-star hotels, … Read more