Amlak sponsors major real estate exhibitions and events in the region

Reading time: < 1 MinuteThe real estate newspaper Amlak is preparing to sponsor major real estate exhibitions in the Gulf and a number of Arab countries in the region, as »Amlak» has completed its preparations to sponsor Cityscape Doha, which will be held in the coming period, as well as the Big Five Kuwait exhibition, which will kick off in April 2016 in the Kuwaiti capital with broad Gulf and international participation.And Cityscape Cairo, which will be held on September 16, in addition to … Read more

Bank Albilad signs a credit facility agreement with Education and Human Development Company to expand its projects

Reading time: < 1 MinuteAl-Bilad Bank signed a credit facility agreement with “Al-Mutaaweroun for Education and Human Development” to finance expansion projects for its group of private schools, The agreement was signed by Khalid bin Sulaiman Al-Jasser, CEO of Al-Bilad Bank, and Dr. Abdulrahman bin Saad Al-Haqbani, CEO of Al-Mutaawerun, the company that owns a number of private schools. On this occasion, Khalid bin Sulaiman, CEO of Al-Bilad Bank, explained … Read more

Real estate developers steal the show at Cityscape Dubai 2015 and look forward to Expo 2020

Reading time: 2 Minutes Many leading developers from the UAE and around the world launched a number of high-profile development projects—ranging from residential, commercial, tourism, hospitality, and retail—during their participation in Cityscape Global. Exhibitors focused their efforts on completing project phases ahead of the launch of Expo 2020. Developers of projects such as The Village—an innovative concept for urban living that will be developed… Read more

Ministry of Commerce invites interested parties to attend the Saudi-French Business Opportunities Forum Next October

Reading time: < 1 MinuteThe Saudi-French Business Opportunities Forum is set to take place on October 12 and 13 at The Ritz-Carlton Hotel in Riyadh, bringing together a number of senior officials, business leaders, and academics from both countries. The forum is set to discuss ways to strengthen long-term relations between the Kingdom and France, showcase investment opportunities in both countries, and organize … Read more

Business Youth Forum 2015 kicks off in Sharqiya in Sharqiya. Today

Reading time: < 1 Minute  His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, will open the “2015 Young Entrepreneurs Forum,“ organized by the Al-Ahsa Chamber of Commerce in its second edition, under the slogan ”Entrepreneurial Opportunities” today at the Al-Ahsa InterContinental Hotel. The forum represents a valuable opportunity to introduce entrepreneurship and the best mechanisms for investing in and developing entrepreneurial opportunities into effective activities that have a positive impact on … Read more

French Embassy in Riyadh: French companies prepare to enter the Saudi market during the upcoming economic forum

Reading time: 2 MinutesPhilippe Gassman, the French Economic Attaché to the Kingdom, welcomed the Kingdom’s decision to open the retail and wholesale sectors to investment by foreign companies, His Excellency the Economic Attaché added that companies will soon arrive to assess the economic situation in order to study the possibility of establishing investment projects following the announcement by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, of the historic decision to open up investment… Read more

“Shura Housing objects to the Ministry of Finance's interference in the technical aspects of demolished properties

Reading time: < 1 MinuteThe Housing and Services Committee of the Shura Council acknowledged the need for the Ministry of Finance to be involved in matters directly related to disbursement and related procedures regarding expropriated properties, However, it rejects its involvement in technical aspects such as determining the extent to which the remaining portion of the property can be utilized in accordance with the technical guidelines applicable in the region, the extent of damage to the property, or the extent of the need of the entity that expropriated … Read more

“Dubai Design District selects Foster + Partners to design the second phase of the master plan

Reading time: 2 MinutesHer Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairperson of the Board of Directors of the Dubai Culture & Arts Authority, officially announced her appreciation and support for the new development plans and the oversight of the Creative Hub in Dubai Design District  (d3) as a specialized creative hub. Her Highness will make significant contributions to the success of this project given her extensive experience in fostering creative talent and promoting unique cultural assets … Read more

GCC-Jordan Economic Forum calls for support and financing of small and medium enterprises

Reading time: 2 MinutesSaudi Arabia’s participation in the Gulf-Jordan Economic Cooperation Forum, held recently in the Jordanian capital of Amman, revealed that small and medium-sized enterprises (SMEs) in the Kingdom account for approximately 74.21% of all companies and employ about 27% of the total workforce. However, their contribution to GDP is only 3.3%, which is a weak contribution relative to the growth of the Saudi economy, and there is … Read more

Following the Custodian and Obama's talks. Saudi Arabia and the United States strengthen their strategic partnership

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz and U.S. President Obama emphasized the importance of continuing to strengthen their strategic relations for the benefit of their governments and peoples. The Custodian of the Two Holy Mosques King Salman bin Abdulaziz and President Obama emphasized the importance of continuing to strengthen their strategic relations for the benefit of their governments and peoples.

Joint discussions

During the recent visit of the Custodian of the Two Holy Mosques to the United States, heading the Kingdom's delegation, the two sides stressed the importance of intensifying efforts to maintain the security and stability of the region, especially in the face of Iran's destabilizing activities. In this context, the Custodian of the Two Holy Mosques expressed his support for the nuclear agreement signed by the 5+1 countries with Iran, which, if implemented, will ensure that Iran does not obtain a nuclear weapon, which will enhance the security of the region.

The two leaders discussed a new strategic partnership for the 21st century and how to significantly develop the relationship between the two countries. His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Crown Prince, Second Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs, gave a briefing to the President that included the Kingdom's visions for the strategic relationship, and the Custodian of the Two Holy Mosques and the President directed their respective governments to develop the appropriate mechanism to move forward in the coming months

Joint investment projects

During the meeting, investment projects were presented to the US side, including projects in the field of mining with an estimated investment volume of 200 billion dollars, most notably in the phosphate and bauxite sectors, and investments in the oil and gas sectors with an estimated investment volume of 300 billion dollars over the next five years.

Housing projects

During the summit, investments were offered to the US side in the housing and health sectors to enhance the needs of citizens in the future. Investment opportunities were also presented in the retail sector, with the size of the projects offered amounting to about 75 billion dollars.

Political affairs

They expressed their satisfaction with the results of the Camp David Summit held between the leaders of the GCC member states and President Obama last May, which aimed to strengthen the US-Gulf partnership and enhance defense and security cooperation. The two leaders also affirmed their commitment to implement all the topics agreed upon at Camp David.

The two leaders reaffirmed the importance of confronting terrorism and extremism. They reiterated their commitment to security cooperation between Saudi Arabia and the United States, including joint efforts to counter al-Qaeda and ISIS, and praised their cooperation to curb the flow of foreign fighters, counter ISIS' hate media campaigns, and cut off the supply of funding for terrorist organizations.

The two leaders also emphasized the need for long-term, multi-year efforts to confront terrorism and eradicate al-Qaeda and ISIS, which will require sustained cooperation from the rest of the world.

The two leaders expressed their concern over the humanitarian situation in Yemen, and the Custodian of the Two Holy Mosques affirmed the Kingdom of Saudi Arabia's commitment to provide assistance to the Yemeni people and work with coalition members and international partners, including the United Nations, to allow access to the aid provided by the United Nations and its partners, including fuel, to those affected in Yemen, and work to open Yemeni ports on the Red Sea to operate them under UN supervision to provide aid received from the United Nations, the Custodian of the Two Holy Mosques said. The two leaders agreed to support UN-led humanitarian efforts.

The two leaders discussed the challenges of climate change and agreed to work together to achieve a successful outcome at the Paris negotiations this December, taking into account the Kingdom's special circumstances.

The king pays tribute

The Custodian of the Two Holy Mosques sent a cable of thanks to President Barack Obama at the end of his official visit to the United States, in which he expressed his thanks for the warm reception and generous hospitality.

"I would like to commend once again the historical and strategic relations between our two countries, which are witnessing further development in all fields," he said.

I cannot fail to assure Your Excellency that the discussions we held, especially those related to the new strategic partnership for the 21st century between our two countries, will, God willing, contribute to deepening and strengthening these relations and enhancing the ties of joint cooperation, in a manner that serves the interests of our two friendly countries and peoples.

King Salman expressed his pride in the excellence of the Kingdom's children in educational aspects and their keenness to develop their knowledge, stressing on them to represent the Kingdom best during their stay in the United States, which has a long-standing and developed friendship with the Kingdom.

The Custodian of the Two Holy Mosques was accompanied by the official delegation, including His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Deputy Crown Prince, Second Deputy Prime Minister and Minister of Defense, HE Minister of State and Cabinet Member Dr. Musaed bin Mohammed Al-Aiban, HE Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf, HE Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah, HE Minister of Culture and Information Dr. Adel bin Zaid Al-Turaifi, HE Foreign Minister Mr. Khaled bin Ahmed Al-Jubeir, HE Health Minister Engineer Khaled bin Abdulaziz Al-Falih, and HE Chief of General Intelligence Mr. Khaled bin Ali Al-Halb.