Month: March 2015

Emir of Sharqiya reviews housing projects

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Reading time: < 1 Minute  At its meeting today, chaired by His Royal Highness Prince Saud bin Nayef, Governor of the Eastern Province, the Eastern Province Council will review the budgets of government agencies in the region and the development projects allocated to them in the state budget for the fiscal year 1436/1437 AH. Saleh Al-Khudair, Assistant Deputy Governor for Development Affairs and Secretary-General of the Regional Council, explained that the Council will be briefed on the latest developments regarding the progress of the project… Read more

”Shura member recommends merging the Ministries of Housing and Municipal Affairs

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Reading time: < 1 MinuteShura Council member Dr. Sultan Al-Sultan called for the merger of the Ministries of Housing and Municipal and Rural Affairs into a single ministry to resolve the housing shortage. Al-Sultan’s calls joined those of other members urging the acceleration of housing supply and the bridging of the gap resulting from the growing demand for the ministry’s housing projects, as expressed during the 18th regular session of the Shura Council held yesterday, Monday … Read more

Euromoney's fourth GCC Financial Forum concludes

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Reading time: < 1 MinuteThe 4th «Euromoney» Financial Forum for the Gulf Cooperation Council (GCC) countries concluded its proceedings in Manama, where more than 500 financial experts—from the finance and investment sectors, including government agencies, regulatory bodies, and the private sector—gathered to discuss various topics. Participants had the opportunity to meet and speak with international experts, officials, and influencers from the public and private sectors during this important two-day event. The director … Read more

Investment fund to finance 25,000 residential solar projects«  

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Furniture industry

Reading time: < 1 MinuteSolarCity, a U.S.-based company, has established a $750 million investment fund to finance approximately 25,000 residential solar energy projects, in collaboration with Google, which contributed nearly half of the amount. The company, which is the largest residential solar energy provider in the United States, said this investment fund is the largest ever for systems … Read more

“Housing” calls for the creation of real estate development companies in partnership with the state

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Reading time: < 1 MinuteThe Ministry of Housing proposed establishing a flexible mechanism to authorize international companies with global capabilities and qualifications to participate in the implementation of housing projects, to streamline the procedures for their classification, and to exempt them from certain restrictions, as well as establishing a mechanism to work with real estate developers to form partnerships aimed at providing housing for eligible citizens. The Ministry also highlighted the need to establish real estate development companies through partnerships between the state, developers, and foreign investors specializing in this field … Read more

«Housing» delivers today the beneficiaries of the «Land and Loan» product in Riyadh

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Reading time: < 1 MinuteThe Ministry of Housing has completed the development of the website for the “Land and Loan” program “Land and Loan” program in Riyadh, and has connected all services and allocated public facilities within its project located north of the capital. This step comes after the Ministry notified beneficiaries who were allocated land in this project, confirming that handover will begin starting today. The “Land and Loan” program is one of the products… Read more

Total value of Saudi stocks traded in February was $51.82 billion

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Reading time: 2 MinutesThe Saudi stock market index «Tadawul» closed at the end of February 2015 up 4.90 % at 9,313.52 points, compared to the previous month. In its monthly report, «Tadawul» noted that from the beginning of the year through the end of February, the index posted a positive return of 11.76%, rising by approximately 980.22 points, while the index’s highest closing level in February was at … Read more

“Industrial Committee” lays out its proposals to develop industrial investment in front of the Undersecretary of Commerce“

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Reading time: 2 MinutesThe National Industrial Committee of the Council of Saudi Chambers identified the challenges and difficulties facing the manufacturing sector and small and medium-sized enterprises, which have come to have a significant impact on the industrial and economic sectors,This was announced at a meeting held by the committee in the presence of Engineer Saleh bin Shabab Al-Salmi, Deputy Minister of Commerce and Industry for Industrial Affairs, and Engineer Ahmed bin Abdulaziz Al-Haqbani, President of the Saudi Export Development Authority, with the aim of establishing … Read more

«Riyadh Metro wins Gulf Engineering Federation Award for Best Design

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Reading time: < 1 Minute    The High Commission for the Development of Riyadh was honored with the Gulf Engineering Federation Award for Excellence and Innovation, with “Riyadh Metro” winning the award for Best Designed Project in the engineering services sector for projects completed or currently under construction in GCC countries. Dr. Abdulrahman bin Abdulaziz Al-Rabiah and Engineer Ali bin Muhammad Al-Shuaibi won the Pioneers Award, and Dr. Luay Muhammad Al-Hadrami received the Inventors Award… Read more

«Zain KSA launches a service to purchase apps from the Windows Store»  

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Reading time: < 1 MinuteZain Saudi Arabia took the lead in the region and ranked third regionally with the launch of its “Zain Pay” service  in partnership with Microsoft. The technology enables direct payment for smartphone app purchases through both postpaid and prepaid plans. This service offers “Zain Saudi Arabia” subscribers the ability to purchase various apps and games available in the “Windows Phone Store”… Read more

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