Month: November 2015

The confidence of the construction sector is greater. GCC railroads chart promising future projects with Korea

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Reading time: 2 Minutes  A workshop held in the UAE on partnership for diversification, job creation, and ensuring sustained growth in the industrial sector between the Gulf Cooperation Council (GCC) countries and the Republic of Korea highlighted the depth of investment ties between South Korea and the Gulf states, The Gulf region has garnered significant attention in Korean investment circles, particularly in the fields of construction and oil, and South Korea aspires … Read more

Exports to open soon. 50 million tons of cement consumption in the first ten months of 2015

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Reading time: < 1 Minute  Cement sales for last October rose by 26.21% compared to the same month last year, a trend observers attributed to increased construction activity, which drives up demand for cement. Conversely, total cement consumption during the first ten months of this year reached 50.24 million tons, an increase of 8% over the same period last year. According to … Read more

Housing Ministry denies allowing construction in areas less than 150 square meters

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Reading time: < 1 MinuteThe Ministry of Housing reiterated that it does not permit construction on plots smaller than 150 square meters, and confirmed in a statement that it had not authorized such construction. Meanwhile, the Ministry acknowledged in a statement that it is exploring various options to facilitate citizens’ access to private and suitable housing, and that it is working to fulfill its mission of creating and developing programs to stimulate the private sectors … Read more

“Cityscape's Business Breakfast calls Saudi Arabia the strongest market in the GCC in terms of demand

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Reading time: < 1 Minute  In preparation for the launch of Cityscape Kuwait, the leading exhibition for real estate investment and development, scheduled to take place from December 9 to 12 at the International Exhibition Center in the Mishref area and attended by a select group of decision-makers, real estate developers, and real estate market specialists,  Cityscape hosted a “Business Breakfast” at the JW Marriott Hotel in Kuwait City. Speakers highlighted the real estate industry … Read more

Al-Ahsa's first urban exhibition to be discussed by the Contractors Committee

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Reading time: < 1 MinuteThe Contractors Committee of the Al-Ahsa Chamber of Commerce plans to organize the first construction exhibition in Al-Ahsa. The committee emphasized the importance of holding the event as soon as possible to keep pace with the major construction and development projects currently underway in Al-Ahsa, highlighting the opportunities it will provide by showcasing the latest construction technologies, materials, and equipment to contractors, real estate developers, and project owners, in addition to construction and building solutions. This was announced during a recent committee meeting at the Chamber… Read more

“Saudi Exports” Impresses Visitors at the ”ADBIC” Exhibition and Wins the “Best Participating Booth” Award”

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Reading time: < 1 Minute  The Saudi pavilion, organized by the Saudi Export Development Authority (“Saudi Exports”), won the award for Best International Pavilion at the Abu Dhabi International Petroleum Exhibition and Conference “ADIPEC 2015,” one of the world’s largest events in the oil and gas industry, held from November 9 to 12, 2015. The Saudi pavilion featured 17 national companies specializing in the oil sector … Read more

It included three tracks. Medina Conference concludes with the announcement of new investments

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Reading time: < 1 MinuteThe three-day Madinah Entrepreneurship Conference, held under the theme “Grow Your City Through Your Entrepreneurship: Educate, Empower, Execute,” has concluded. under the patronage of His Royal Highness Prince Faisal bin Salman, Governor of the Madinah Region. The conference featured three days of numerous panel discussions with experts and specialized workshops on entrepreneurship, its development, and ways to empower the nation’s young men and women… Read more

25 different investment opportunities for businessmen in Buraydah

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Reading time: < 1 Minute The Qassim Region Secretariat has invited the private sector and businesspeople to invest in 25 projects it has put forward in the city of Buraidah through a public bidding process, The Secretariat revealed that the investment opportunities on offer are diverse, including the leasing of vacant land to build a sports hall on the eastern inner ring road of Buraidah, the leasing of a poultry slaughterhouse in Al-Anam, and leasing loading and unloading operations at the Central Vegetable Market … Read more

“DAMAC Properties posts AED 3.67 billion profit for the third quarter of 2015

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Reading time: < 1 MinuteDAMAC Properties’ revenue for the first nine months of 2015 reached approximately AED 6.77 billion, while the company’s net profit for the period was estimated at AED 3.67 billion, representing a 43% increase compared to the first nine months of 2014. Total cash and bank balances amounted to AED 9.87 billion, while the value of properties under development stood at AED 7.74 billion … Read more

U.S. Treasury and GCC representatives agree on better formulas for cross-border banking relationships

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Reading time: < 1 Minute   Twenty representatives from the Gulf Cooperation Council (GCC) countries, 36 representatives from the private sector, and representatives from the International Monetary Fund (IMF) and the World Bank participated in the first U.S. – Gulf Central Bank Dialogue organized by the U.S. Department of the Treasury at the Federal Reserve Bank of New York, during which the U.S. Department of the Treasury reaffirmed the strength of the relationship between the United States and the Gulf Cooperation Council countries, … Read more

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