Month: November 2015

Riyadh is a smart city. Riyadh Development Authority approves Mall of Saudi Arabia and Riyadh Avenue projects“

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Reading time: < 1 MinuteThe Higher Authority for the Development of Riyadh, headed by HRH Prince Faisal bin Bandar, has approved the construction of two projects: Mall of Saudi Arabia for the UAE's Majid Al Futtaim Group, Riyadh Avenue for Kuwait's Alshaya Group, and a closed residential complex in the Rimal neighborhood. The Mall of Saudi Arabia project will be located in the Al Narjis neighborhood at the intersection of Al Thumama Road and Abu Bakr Al Siddiq Road, north of the capital ... Read more

“Sons of Mohammed Almoosa Company sells Al Dana auction this afternoon in Al Kharj

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Reading time: < 1 MinuteMousa and Adel Sons of Mohammed Al Mousa Real Estate Company in Al Kharj has finalized its preparations to sell the Al Dana plan in Al Kharj in an auction to be held at the site this Thursday afternoon. On this occasion, Shafi bin Mohammed Al Mahal, branch manager of Moosa and Adel Sons of Mohammed Al Moosa Real Estate Company in Al Kharj, said that the Al Dana plan is characterized by many services and is located near Sattam University and the city center, ... Read more

World Bank confirms progress in domestic investment environment in 2016 Doing Business report

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Reading time: < 1 MinuteThe Kingdom of Saudi Arabia jumped two places in the World Bank's Doing Business 2016 report for local investors with the participation of 189 countries, including the Kingdom. The Kingdom ranked 82nd this year after substantial amendments were made to the methodology of the report, which re-evaluated the participating countries in light of this new methodology. For his part, the Chairman of the Lawyers Committee ... Read more

Three investment summits to incentivize foreign investors to enter the Saudi stock market

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Reading time: < 1 MinuteThe second investment summit in London, which was held on Monday, targeted businessmen and investors on the side and prepared them to enter the Saudi financial market, after the success of the first investment summit in Singapore on October 28, 2015, and the Saudi Stock Exchange organized the summit in the presence of Adel bin Saleh Al-Ghamdi, CEO of the Saudi Stock Exchange, and the tour included meetings and talks ... Read more

The auction of the Yarmouk plan in Al-Kharj stands at 150 riyals per square meter for residential and 250 for commercial

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Reading time: < 1 MinuteThe auction of the Yarmouk scheme organized by Salman bin Abdullah bin Saeedan Real Estate Group achieved great success in selling the target of the residential scheme in Al Kharj, amid remarkable attendance and turnout, reflecting the size of interest in the project and the market prices in the region. The sales of the residential sector reached prices suitable for those wishing to buy, build or invest, starting from 150 riyals per meter ... Read more

Excluding area limits to prevent manipulation The Shura Council is keeping the “White Fees” file under wraps, and the vote is two weeks away

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Reading time: 2 Minutes  The issue of imposing fees on white lands has received a large part of the attention of real estate and landowners, who are awaiting with great caution the consequences of the decision that is now being studied by the Shura Council, and sources report that the council members stressed the importance of not having exceptions in the country in paying land fees, and that the system should be strict, firm and effective for all segments of society. ... Read more

Growing tourism projects ... 7 million visitors to Sharqiya pump more than 11 billion riyals

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Reading time: < 1 MinuteThe Director General of the General Authority for Tourism and National Heritage, Secretary of the Tourism Development Council in the Eastern Province, Engineer Abdullatif bin Mohammed Al-Bunyan, revealed that the total spending of tourism in the Eastern Province exceeds (11) billion riyals, after the Eastern Province succeeded in attracting more than 7 million visitors, while the number of tourist guides licensed by the Tourism Authority in the region reached ... Read more

With the participation of Saudi Exports. Gulf Food 2015 in Dubai highlights the products of 22 specialized national companies

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Reading time: < 1 MinuteTwenty-two Saudi exporting companies gathered under the umbrella of the Saudi Export Development Authority (Saudi Exports) pavilion attracted the attention of a large percentage of visitors to Gulfood 2015, which concluded recently. The Saudi pavilion received a distinguished audience of interested parties and importers visiting the exhibition, which was hosted in Dubai at the World Trade Center and lasted for three days ... Read more

The Asian Banker recognizes Al Ahli Bank as the best cash management bank in Saudi Arabia for 2015

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Reading time: < 1 Minute  Al Ahli Bank has achieved a new career milestone by winning the “Best Cash Management Bank 2015” award from The Asian Banker, a leading financial and banking organization, at its annual awards ceremony held recently in Abu Dhabi in the Kingdom of Saudi Arabia, presented by The Asian Banker at its annual Middle East and Africa awards ceremony held recently in Abu Dhabi. According to The Asian Banker, the criteria for winning the award were... Read more

The Centennial Fund launches the Global Entrepreneurship Forum today with the participation of a number of ministers and specialists

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Reading time: < 1 MinuteWith the participation of a number of ministers, senior officials and an elite group of entrepreneurial thought leaders in the Kingdom, the Gulf and the world, the Global Entrepreneurship Forum (GEF), organized by the Centennial Fund under the theme “Innovation in Social Entrepreneurship”, will kick off today, Tuesday, in Riyadh, to discuss the feasibility of solutions to a variety of social issues locally and globally through entrepreneurship. Dr. Abdulaziz Al-Mutairi, Director of ... Read more

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