Month: March 2015

Mazhar Al-Qahtani: Proper planning is the key to building and owning a home, and the pillar of savings

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Reading time: 2 MinutesThe program “Your Home Is Prosperous,” hosted by Engineer Enad Khalaf and broadcast on Al-Majd Satellite Channel, featured Engineer Muzakir bin Daghsh Al-Qahtani, who is passionate about housing and building a home for life—a goal shared by everyone. He has written several articles for *Al-Iktisadiya* newspaper, which were later compiled into the book *How to Build Your Home… Step by Step*. Al-Qahtani says that what encouraged him to do this was a shared interest in the importance of homeownership… Read more

Ibrahim bin Mohammed Al Subaie. A man of wisdom, calmness and decision-making

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Reading time: 2 MinutesToday on “The World of Adults,” we are hosting one of the most prominent figures in the Kingdom’s financial and business world: Ibrahim bin Muhammad Al-Subaie, one of the most famous businessmen in the Kingdom of Saudi Arabia and one of the pillars of the Saudi economy. He has made a clear mark on his career. Now 60 years old, he holds a bachelor’s degree in business administration and began his career working alongside his father, Sheikh Muhammad bin Ibrahim Al-Subaie, in trade… Read more

Saudi Kayan’s attention to the finest details has earned it a reputation for excellence and the trust of its customers

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Reading time: < 1 MinuteKayan Saudi Arabia has been active in the field of real estate investment and development for twelve years. In its short history, it has managed to carve out a niche for itself among the major companies operating in the same field, guided by a vision to become one of the leading companies in the real estate industry. It has therefore achieved rapid and steady success as a result of partnership strategies that embrace absolute excellence, and the trust placed in it… Read more

(Arki for Advanced Construction Chemistry) offers its products through the implementation of ISO systems

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Reading time: < 1 MinuteArki Advanced Construction Chemicals is one of the leaders in the construction chemicals and materials industry in the Kingdom, manufacturing and supplying specialized materials for the construction sector in accordance with international specifications and standards. The company is committed to providing high-quality products and cost-effective solutions to the construction market, backed by global expertise and continuous investment in research and development. It also meets the evolving needs of the construction industry and ensures customer satisfaction … Read more

Skydiving Dr. Hossam Youssef

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Management - Intelligence - Management Science - Real Estate

Reading time: 2 MinutesBy chance, I met one of the former champions of skydiving, a sport I used to follow with great passion, and I asked him how athletes train for this dangerous sport. He said, “At first, we train them to jump from a height no greater than 20 meters, then we gradually increase the height; they jump from a 30-meter tower, followed by jumping from an airplane while it’s flying over … Read more

Resolving Real Estate Disputes Through Commercial Arbitration (3) ... Dr. Fahad Al-Rifai

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Reading time: < 1 MinuteIn this issue, we will discuss the types of arbitration: Arbitration is divided into private (or ad hoc) arbitration and institutional arbitration, as well as international arbitration and domestic arbitration, and optional arbitration and mandatory arbitration: Private arbitration:  This refers to arbitration in specific cases. In this type of arbitration, the parties to the dispute set the dates and deadlines, appoint the arbitrators, and have the authority to remove or recuse them, and they determine the procedures necessary to resolve … Read more

Sponsored by (Amlak), the advertising and promotional media exhibition goes global

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More than 001 million dollars in advertising spending in the Kingdom

The real estate newspaper Amlak sponsored the 5th International Exhibition of Advertising and Promotional Media, currently being held at the InterContinental Hotel, as part of its ambitious strategy to promote media and advertising. Mr. Abdulaziz Al-Issa, editor-in-chief of *Amlak*, said that the newspaper’s participation in this event stems from its belief in the powerful influence of media and advertising on society as a whole, particularly in shaping public opinion (politically, economically, and socially). This challenge requires professionals in this sector to keep pace with the latest technological developments in the field of advertising and publicity. Al-Issa emphasized that *Amlak* will continue to play its role in sponsoring all events that bring about a qualitative leap in the field.

   It is worth noting that the exhibition, organized by the Batula Foundation for Local and International Exhibitions, achieved unparalleled success thanks to the major companies participating in it, elevating it to the highest standards and focusing on consistent criteria across various aspects—most notably the caliber of the participating companies, which presented new and innovative models in the world of advertising and publicity, targeting a broad audience interested in the media and advertising sectors.

It is worth noting that the exhibition featured a number of workshops in which experts and enthusiasts from various media fields will discuss the role of public relations in building corporate identity, marketing creativity, and digital media, as well as a session on organizing events and festivals,

Reports indicate rising advertising spending rates in the Gulf states, with the UAE leading the advertising industry in the Arab world, recording the highest advertising spending—$1,194 billion—during the first nine months of last year. Saudi Arabia ranked second with $972 million. Kuwait came in third with total advertising spending of $687 million. Egypt ranked fourth in the Arab world with $611 million.

The UAE accounted for the largest share of Gulf advertising spending, with a figure exceeding 28.5%, compared to 27% for Saudi Arabia, 19% for Kuwait, and 12.8% for Qatar, while Oman’s share of total advertising spending in the Gulf states was 5.9% and Bahrain’s was 1.8%.

Competitiveness Forum emphasizes the imperative of smart partnership with the private sector

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The events and sessions of the 8th Competitiveness Forum, held recently in Riyadh, were inaugurated with the participation of His Excellency Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry; His Excellency Dr. Abdulrahman Al-Barrak, Minister of Civil Service; Mr. Nika Gilauri, former Prime Minister of Georgia, and Dr. Abdulrahman Al-Jadai, CEO of Alam.

 In his opening remarks at the forum, His Excellency Engineer Abdul Latif Al-Othman, Governor of the General Investment Authority, extended his deepest condolences and sympathies to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, to His Royal Highness the Crown Prince, and his two trusted Deputy Crown Princes—may God protect them all—as well as to the Royal Family and the noble Saudi people, on the occasion of the profound loss of the righteous King, the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud. His Excellency affirmed that the reign of King Abdullah bin Abdulaziz—may God have mercy on him—was marked by great achievements, during which the gross domestic product doubled from 1.23 trillion riyals in 2005 to approximately 2.82 trillion riyals in 2014, achieving a growth rate of 129%.

 Al-Rabiah: A Better Start for Saudi Exports

At the opening of the first session, titled “The Competitiveness of the Public Sector and the Kingdom of Saudi Arabia… A Gateway to the World), His Excellency Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry, spoke first. In his remarks, he reviewed the Ministry’s efforts to support the competitiveness of the government sector in the Kingdom and to establish partnerships between the sectors under the Ministry’s purview and their counterparts, both within and outside the Kingdom, explaining that discussions are currently underway with a number of countries to better open markets so that the restructuring of Saudi exports can proceed efficiently,

Al-Barrak: The Ministry of Civil Service Was Established to Serve Citizens and Work as Their Partner

For his part, His Excellency Dr. Abdulrahman bin Abdullah Al-Barrak, Minister of Civil Service, delivered a speech in which he discussed the services provided by the ministry—particularly its technological services—and their role in streamlining government procedures, emphasizing that this has contributed to building competitive economies. He added: «We at the Ministry of Civil Service have adopted this approach and view services not merely as something provided to citizens, but rather as something in which citizens are partners, and we strive to deliver all services to them with excellence.”.

Khalid Al-Faisal: Countries Must Develop Regulations and Environments That Foster Competitiveness

His Royal Highness Prince Khalid Al-Faisal, Governor of the Makkah Region, affirmed that the Kingdom is making significant efforts to implement ambitious national strategies in the fields of knowledge, the economy, and culture; to achieve sustainable development at all levels; and to empower citizens, who are the cornerstone of progress and development.

In his speech, he said: «Countries must develop regulations and environments that foster competitiveness and optimize the use of production factors and processes, foremost among which are the development of human capital and innovation.» He noted that the Kingdom views competitiveness as a pursuit of excellence without harming others, in accordance with ethical frameworks reinforced by social and religious values, and based on the principle that competition should not lead to discord or harm.

Al-Suwail: The Kingdom is the country that has made the greatest inroads into the fields of technology and publishing

During the session titled “The Age of Discovery: How Can We Provide the Best Opportunities for Success in Innovation and Technology?” His Excellency Dr. Mohammed Al-Suwail, President of King Abdulaziz City for Science and Technology, emphasized that the Kingdom—through the City—began building a knowledge-based society more than seven years ago.

Al-Suwail expressed his pride in the Kingdom’s achievements in the technology sector, saying, «Today we are competing with many countries, both regionally and globally, and we are considered one of the fastest-growing nations in the world in terms of entering the technology and publishing sectors,

Dr. Al-Jasser: There are royal initiatives to facilitate investment

His Excellency Dr. Mohammed bin Sulaiman Al-Jasser, Minister of Economy and Planning, expressed his pride in the Kingdom’s major achievements in the area of national infrastructure.

This came during a session titled «Emerging Governments and Their Path to Success,” and Al-Jasser emphasized that “King Salman bin Abdulaziz has issued directives to streamline procedures and make people’s lives easier, and we have done a great deal in this regard. Investors are seeking new areas for investment, and this will not reduce domestic investment; investment has two aspects—domestic and foreign—and we have no restrictions in this area, and there are investments from outside the Kingdom. There is also a drive to strengthen relations with companies outside the Kingdom. I do not claim that our economic system is flawless, but we have implemented swift and effective measures,

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Reports from the Hallways (Competitiveness)

There are more than 420,000 jobs for women

Fahad Al-Takhefi – Ministry of Labor

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80,000 Saudis have benefited from our training programs

Khalid Al-Falih – CEO of Aramco

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Developers have contributed to the development of economic and industrial cities and to the creation of investment opportunities

Waseem Khashoggi—Deputy Secretary-General for Operations at the Economic Cities Authority

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”The Saudi Dutch Bank is the leading incubator for financial businesses in the Kingdom, followed by Al-Ahli Commercial Bank and then Riyad Bank.".

International financial expert Jean Sfakianakis, Director of the Ashmore Group for the Gulf region 

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 The Saudis have enough of a knowledge-based economy to sustain them for hundreds of years

Eric Schmidt, CEO of Google:

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 Healthcare spending in Saudi Arabia exceeds that of the United States

(Citigroup)

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E-services have reduced audits by 80%, saving time that can be used for research and development

Dr. Abdulrahman Al-Jadai, CEO of Alam

Sham Contracting Ltd. seeks to lead the way in the contracting sector

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Reading time: 2 MinutesMr. Ahmed Abdul-Hay Al-Ghadban, General Manager of Sham Contracting Company, Ltd., stated that, by the grace of God, Sham Contracting Company was launched in the Riyadh region in 2001 to operate in the field of architectural contracting under the umbrella of foreign investment, drawing on its extensive experience of more than 28 years, as well as a sophisticated organizational mechanism and planning based on a structured organizational framework… Read more

King Abdullah's departure. Dr. Hussam Youssef

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Management - Intelligence - Management Science - Real Estate

Reading time: < 1 Minute«The passing of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud, represents an immense loss for the Islamic and Arab nations—indeed, for the entire world and for humanity from the east to the west. He always carried the concerns of his country on his shoulders, eager to ensure that Saudi citizens were at the forefront… aspiring for his Saudi sons and daughters throughout the Kingdom to live in prosperity and happiness. And that is not all… Read more

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