Month: November 2015

Turkey offers incentives, facilities, free land and soft loans to Saudi investors in the field of industry

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Reading time: < 1 MinuteTurkey has unveiled significant incentives and benefits for Saudi investors in the industrial sector, including tax and customs exemptions, free land, and soft loans. Dr. Mustafa Goksu, the Turkish President’s advisor on investment affairs, noted that Turkey’s tax law is based on profits rather than capital, amounting to 20% of profits due to Ankara’s reliance on taxes, and there are investors who are exempt… Read more

The House of Life Step by Step (26) ... Prepared by Majed Almuhaimeed

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Reading time: < 1 MinuteAfter completing the concrete pouring of window sills, doors, as well as the concrete of the staircase with the rug, these concrete parts are sprayed for at least 5 days at a rate of two to three times a day, and the next day after pouring the concrete, the contractor removes the side wood of these sills, keeping the sills well reinforced. The contractor shall complete the existing buildings. Read more

“Industrial Development” : Lending 22 industrial projects with more than 500 million riyals

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Reading time: 2 MinutesThe Saudi Industrial Development Fund continued its support for the industrial sector. At a meeting chaired by Dr. Tawfiq bin Fawzan Al-Rabiah, Minister of Commerce and Industry and Chairman of the Fund’s Board of Directors, the Board approved three industrial loans totaling over 703 million riyals; This is to contribute to the establishment of two new projects and the expansion of an existing industrial project, with total investments amounting to approximately 538 million riyals. Projects … Read more

Saudi Build 2015 concludes with eyes on SAR 3 trillion worth of projects

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Reading time: 4 MinutesAmid local and international interest, His Excellency Ibrahim bin Mohammed Al-Sultan, Governor of the Riyadh Region, officially opened the 27th International Exhibition for Construction Technologies and Materials (Saudi Construction Expo 5102) at the Riyadh Exhibition Center. During the opening ceremony, Al-Sultan emphasized that the Saudi market is attractive to investors due to the significant development boom it is experiencing, with the volume of projects there exceeding … Read more

Turkey calls on business owners to build bilateral partnerships to keep pace with the economic development of the two countries

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Reading time: < 1 Minute  Turkey has invited Saudi businesspeople to invest in the country and increase the volume of investment and trade, which has been showing steady growth year after year. The Turkish Consul in Jeddah, Fikret Özer, highlighted investment opportunities in Turkey, particularly in the fields of industry, agriculture, real estate, technology, and education, praising the strength of the Saudi market and its capacity to capitalize on various investment opportunities. This came during his meeting with … Read more

122 airplanes. Saudi Airlines supports its fleet with two Boeing B777s

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Reading time: < 1 MinuteSaudi Arabian Airlines has added two Boeing 777 aircraft to its fleet—one for cargo and the other for passenger transport—at King Abdulaziz International Airport in Jeddah.Saudi Arabian Airlines had previously announced that it would soon take delivery of a new batch of Boeing aircraft as part of its strategic plan to double the size of its fleet within five years. Abdulrahman Al-Fahad, Assistant General Manager for Public Relations at Saudi Arabian Airlines, explained that Saudi Arabian Airlines … Read more

SME Authority regulation prompts banks to cut financing costs

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Reading time: 2 Minutes The regulatory framework established by the General Authority for Small and Medium Enterprises has a positive impact on the development of the national economy by regulating the business environment in the sector and establishing the necessary regulatory rules, systems, regulations, and legislation to support and develop the sector and increase its contribution to the, in addition to coordinating between government and private entities that support the sector, particularly in the areas of financing and guarantees. The importance of programs … Read more

One Family Group recognizes its SansOX water technology dealership with two patents

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Reading time: < 1 MinuteOn the evening of Thursday, November 11, 2015 (corresponding to 29 Muharram 1437), Asra Al-Wahda Holding Group announced that it had been appointed as the distributor for the products of “SansOX,“ a Finnish company known for a number of innovations and inventions in fluid technology and treatment, some of which will be applied to drinking water purification. The ”One Family“ Group honored the Finnish company “SansOX” for its presence and for the special product presentation. On this occasion … Read more

The Real Estate Fund injects 255 billion riyals in loans to support housing projects

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Reading time: 2 MinutesThe Real Estate Development Fund is considered one of the most important and largest specialized government development funds in terms of the value of loans provided, having contributed 255 billion riyals, which accounts for 43% of the total disbursed by these funds—including the Real Estate Fund, from their inception through the end of the last fiscal year, according to budget data released by the Ministry of Finance, was approximately 587… Read more

Saudi and Russian companies invited to capitalize on investment opportunities in both countries

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Reading time: < 1 MinuteDr. Abdulrahman bin Abdullah Al-Zamil, Chairman of the Council of Saudi Chambers, called for expanding areas of economic cooperation and developing trade and investment ties with Russia, recommending the formation of a joint working group to study available opportunities and work to remove any obstacles to investment in both countries. During his meeting with Dr. Vladimir, Chairman of the Russian-Arab Business Council and Chairman of the Russian-Saudi Business Council, Al-Zamil emphasized… Read more

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