During the Building and Construction Technologies Conference. Prince Dr. Turki bin Saud : The sector ranks second after petroleum

His Royal Highness Prince Dr. Turki bin Saud bin Mohammed Al Saud, President of King Abdulaziz City for Science and Technology, opened the Saudi International Conference on Building and Construction Technologies 2015, organized by the city at its headquarters yesterday, stressing that the building and construction sector in the Kingdom ranks second after oil in contributing to the gross domestic product. He noted that the city pays great attention to the building and construction sector by supporting scientific research and technical development in this field to meet the requirements of development and support Saudi universities in all regions of the Kingdom, in addition to establishing the National Center for Building and Construction Technology in the city to be a tributary that supports this important sector.

Prince Turki praised the technical and economic development in the Kingdom and the abundance of natural resources as one of the most important factors that led to the promotion and revitalization of this sector, which enhances the competitiveness of the Kingdom and achieves sustainable economic development in many sectors that depend on the building and construction sector, such as industry, transportation, water, energy, health, education and others.

He expressed his thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, his Crown Prince, and the Deputy Crown Prince - may Allah protect them - for the generous and continuous support that the science, technology and innovation sector receives, which resulted in many achievements in the field of supporting and implementing scientific research, planning and implementation to develop the national system for science, technology and innovation, and building national human capabilities that will contribute to realizing the vision of the Custodian of the Two Holy Mosques to build a knowledge-based economy.

For his part, the head of the scientific committee of the conference, Dr. Haitham bin Abdullah Al-Oudan, said that the conference is of vital importance as the development in the Kingdom is moving at a rapid and amazing pace, especially in the building and construction sector, as the Kingdom is the largest building and construction market in the Middle East region and is one of the fastest growing markets in the world. Al-Oudan said that the conference seeks to discuss the latest innovations and developments in building and construction technologies through several axes, namely the Saudi Building Code, where this axis will address supporting the application of the Saudi Building Code in the building and construction sector in the Kingdom and benefiting from Gulf experiences in applying requirements and requirements that take into account engineering standards for design, construction, operation and maintenance.

In its second axis, the conference will discuss green construction materials, where some unique international programs will be presented in the exploitation of natural resources and their use as applicable sustainable building materials, and the application of smart buildings in accordance with the environmental conditions of the Kingdom, indicating that the third axis is sustainable technologies in buildings, where this axis will discuss the development of environmentally friendly building and construction techniques based on the latest research and technical development and help transform buildings into environmentally friendly buildings by increasing efficiency and rationalizing energy consumption and reusing and developing construction waste, in addition to the fourth axis on the fourth axis on.

 

Cement sales rise to 5.72 million tons in April

Construction cement.

Reading time: < 1 Minute حققت شركات الإسمنت السعودية البالغة 15 شركة خلال شهر أبريل 2015 مبيعات قدرها 5.72 ملايين طن، بزيادة قدرها 7% قياساً بمبيعات قدرها 5.34 ملايين طن كانت قد حققتها في نفس الشهر من عام 2014. وسجلت معظم الشركات ارتفاعاً في المبيعات مقارنة بنتائج العام الماضي, في حين سجلت أربع شركات تراجعاً في مبيعاتها الشهرية هي إسمنت … Read more

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Reading time: < 1 Minuteحققت شركات قطاع التطوير العقاري المدرجة بالسوق المالية السعودية (تداول) أرباحا بلغت حوالي 781 مليون ريال خلال الربع الأول من عام 2015م وبما يعادل 3.5% من أرباح السوق الكلية مقابل حوالي 513 مليون ريال للربع المماثل من عام 2014م أي بنسبة ارتفاع بحدود 52%. كما أنه حقق تراجع بنسبة 29% مقارنة بالربع السابق والتي كانت … Read more

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Reading time: < 1 Minuteأبرم البنك السعودي الفرنسي اتفاقية تسهيلات ائتمانية متوافقة مع الشريعة الإسلامية مع الشركة السعودية لخدمات السيارات والمعدات “ساسكو” مؤخرا  بقيمة 550,940,648 ريالاً تبدأ الاتفاقية من تاريخ توقيعها وتنتهي في 31 ديسمبر 2021م، وتتضمن هذه الاتفاقية تجديد تسهيلات قائمة بمبلغ 245,833,332 مليون ريال (110 ملايين ريال تسهيلات ائتمانية متنوعة و135,833,332 ريالاً تسهيلات تمويل متوسط الأجل) وذلك … Read more

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54 government and private organizations offer investment incentives to businessmen at ATM Dubai 2015      

Fifty-four government and private entities from the Kingdom participated in the 22nd edition of the Arabian Travel Market 2015, which was held in Dubai recently from May 5-7 under the umbrella of the Saudi Commission for Tourism and Antiquities (SCTA), giving it a good presence and interest from visitors from different nationalities of the world. The Kingdom was represented at the pavilion by the Tourism and Antiquities Authority and a number of its partners working in the travel industry, national tourism, tour organization, tourist accommodation, and Umrah companies.

Access to Gulf markets

The Kingdom's participation aimed to highlight the Kingdom's unique cultural and tourism assets, in addition to marketing our distinctive tourist destinations to the citizens of the GCC countries. The Kingdom's pavilion will serve as a link for participating investors with their international counterparts, enable local tourism companies to reach the Gulf and other international markets, and provide the right information about the Kingdom as a tourist and economic destination to the international and Gulf media.

54 participating Saudi organizations

Hamad Al-Sheikh, Vice President for Marketing and Programs at the Saudi Commission for Tourism and Antiquities, explained that the Gulf market is one of the most important target markets, especially since citizens of the GCC countries do not need a visa to enter the Kingdom. He pointed out that the Kingdom's pavilion this year included 54 participating entities, including the General Investment Authority and the National Program for Exhibitions and Conferences, in addition to more than 25 tour operators, hotels and tourism companies that aim to market the Kingdom as a distinguished tourist destination.

Through participation, the Kingdom showcased tour packages for travel agencies, who are frequently present to purchase such packages and arrange programs for individual tourists and groups from the Gulf to visit the Kingdom, in addition to displaying a number of tourism patterns that the regions are famous for, a crafts and handicrafts pavilion, and an investment tourism destinations pavilion.

Supporting and incentivizing the tourism investment environment

During the forum, the General Authority for Tourism and Antiquities provided visitors with an overview of the Authority's role in supporting and stimulating the tourism investment environment by coordinating with financial institutions to support the financing of tourism development projects, and providing investment incentives for businessmen, and the pavilion displays part of the Authority's efforts in developing some programs related to hotel facilities, tourism guidance, the exhibition and conference industry, and national tourism human resources development.

General Investment Authority

The General Authority for Investment (GAFI) participated in a corner in the Kingdom's pavilion, in which it presented part of its role in developing and increasing local and foreign investment, proposing executive plans and rules to create the investment climate in the Kingdom, as well as monitoring and evaluating the performance of local and foreign investment, preparing studies on investment opportunities in the Kingdom and promoting it.

Media coverage of the Kingdom's participation

On the other hand, the Kingdom's participation in the Arabian Travel Market exhibition in Dubai was followed by the media and news agencies, and the pavilion has witnessed the presence of many reporters of newspapers and magazines specialized in the travel and tourism industry since the start of the exhibition activities on May 4, and CNN Arabic, Reuters, and Saudi satellite channels such as Al Akhbariya and Culture have recorded interviews with some Authority officials and participants in the Kingdom's pavilion.

 

 

During the Investment Opportunities Forum. 16 government and private entities launch dozens of investment projects worth hundreds of billions

The Investment Opportunities Forum and Exhibition 2015, organized by the Riyadh Chamber of Commerce and Industry in cooperation with the Higher Authority for the Development of Riyadh City from 15-17 Rajab 1436H at the Riyadh International Convention and Exhibition Center, represented a strategic dimension in presenting more real development projects by more than 16 government and private entities, at a time when the country is witnessing a package of radical changes in decision-making centers, which supports the outcomes and recommendations of this forum, which finds appreciable attention from officials.

Supporting construction projects

At the opening ceremony, HRH Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh, emphasized the interest of the government of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him - in economic development projects and the construction movement in the capital and its governorates, building a better environment for the lives of its residents and achieving more progress and well-being for them, and expressed his understanding and encouragement for efforts to drive the construction and investment system in the Riyadh region.

4821 projects at a cost of 509 billion

In his speech, the President of the Riyadh Chamber welcomed the business sector and their support for opportunities and projects that will contribute to revitalizing the investment movement and pushing economic and social development projects, in response to the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him - which emphasizes the interest in developing and advancing development projects in the Kingdom's regions, and Zamil noted the government's keenness to sponsor and support development projects, employ and invest all available capabilities and opportunities, and provide full facilities for Saudi investors to interact actively and constructively with these opportunities in order to push the march of development and economic progress.

Al-Zamil praised the efforts of the Emir of Riyadh, who is at the forefront of the efforts to develop Riyadh, where the major workshop is currently accelerating with the construction of 4821 development projects in all sectors, with a total cost of about 509 billion riyals, in addition to the opportunities that are being discussed at the forum.

Our economy inspires confidence and reassurance

For his part, the Secretary General of the Riyadh Chamber, Dr. Mohammed Al-Kathiri, stressed that holding the forum with such a distinguished attendance proves and confirms the solidity of our national economy and its high ability to face these challenges, just as it has proven before and is still able to stand firmly in the face of global economic crises and fluctuations in global oil markets and low prices, stressing that this sends a message of reassurance and confidence to every Saudi in the strength and durability of the national economy and its stability, thanks to God first, then thanks to the rational economic and financial policies pursued by our wise leadership.

21 speakers in 3 sessions and 8 workshops

The activities of the forum, which was attended by 21 speakers through three sessions and 8 workshops, witnessed an active interaction by the participants, especially young businessmen and owners of small and emerging projects, and the speakers, who represented the participating government agencies in addition to the available and ready investment opportunities, presented the atmosphere and climate of the investment environment in the Kingdom, as well as the most prominent investment projects under construction.

Credit Bank supports 27 thousand projects

In a workshop on the efforts of the Saudi Credit and Savings Bank, the speakers said that the bank has funded 27,000 projects for young entrepreneurs, small and emerging projects, and social projects, noting that it financed 1881 projects in the «emerging» and »excellence» project tracks alone in 2014 alone, with a total amount of SR 562 million, of which Riyadh accounted for 157 projects with funding of 59 million riyals.

Technology is the investment of the future

In his paper on technology investments, Engineer Yousef Al-Youssefi, Director of Investment at the Saudi Company for Development and Technical Investment «Taqnia», said that the company will soon launch its first technology-based investment funds in strategic partnership with Riyad Bank with a capital of 500 million riyals, followed by similar funds in the near term with a total capital of more than two billion riyals.

Speeches at the Forum's platforms

Brig. Gen. Attiya Al-Maliki - Ministry of Defense:

We initiated local military manufacturing and produced 5,200 spare parts, some of them for airplanes, which proved their efficiency and high quality. The ministry manages two million industrial items of spare parts and has reference standards for these items

Mohammed Al-Zahrani - Royal Commission for Jubail and Yanbu:

The authority has 80 investment opportunities, of which 50 are ready to be exploited by the private sector in the petrochemical, manufacturing and chemical industries.

M. Yazeed Alangari - Saudi Basic Industries Corporation (SABIC)“:

There are many ready-made investment opportunities in sectors such as home appliances, electrical, packaging, and construction, and SABIC's annual production is 50 million tons.

Tariq Al-Shaheeb - Saudi Industrial Estates Authority:

MODON succeeded in increasing the number of factories from 1950 to 5600 in 2014, and provided 600 equipped facilities for industry with all its facilities, and plans to establish 100 equipped industrial facilities for investors.

Ahmed bin Abdulaziz Al-Qwaiz - Saudi Industrial Development Fund:

Since its establishment 41 years ago, the fund has provided 100 billion riyals in loans to finance industrial projects.

Sari Hamad Al-Shammari - General Authority for Tourism and Antiquities:

The size of tourism investments in the Kingdom is estimated at 75-100 billion riyals, which constitutes about 2.5% of the Kingdom's GDP, and we have put forward 4 tourism projects for investment.

Engineer Mohammed Al-Omar - Saudi Electricity Company:

There are more than 18 investment opportunities in this sector, in the manufacturing of electrical equipment and materials, engineering consulting, solar energy, and more.

Saleh Al-Adhadad - Saudi Fund for Development, Saudi Exports Program:

The program provided total financing to support national exports amounting to 13 billion riyals until the end of March.

 

One hundred days of King Salman's rule. Directives and decisions for the Real Estate Fund

Real Estate Development Fund

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One hundred days of King Salman's rule ... The Real Estate Fund lends 19,635 beneficiaries with 10 billion riyals

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