Month: January 2016

“Hail Tourism Authority offers businessmen more than 20 investment projects in tourism and hospitality

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Reading time: < 1 MinuteThe General Authority for Tourism and National Heritage in the Hail region presented the lending regulations for the hotel and tourism project financing program to investors, businesspeople, and those interested in investing in the tourism sector at the Hail Chamber of Commerce and Industry. This presentation aimed to familiarize them with the new regulations for hotel and tourism project lending issued by the Ministry of Finance. The presentation took place during a workshop that brought together sector officials and a select group of investors… Read more

Study: 40% Saudi Companies Have Suffered Information Security Breaches

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Reading time: < 1 MinuteA study of 5,500 IT professionals from 26 countries worldwide, including Saudi Arabia, revealed that 401 TP3T companies operating in the Kingdom were affected by internal data breaches. The study, conducted by Kaspersky Lab, showed that employees of these companies were the primary cause of the loss of confidential data. Globally, 211 TP3T were affected by… Read more

Real Estate Contributions Committee Halts Sales at the Al-Ahsa Jewel Auction Due to Low Prices

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Reading time: < 1 MinuteDue to the low price per square meter, which did not reach a fair price, the Real Estate Contributions Committee at the Ministry of Commerce and Industry was forced yesterday to halt the public auction for the sale of the Al-Ahsa Jewel land (east of Hofuf), approximately one hour after the auction began. Ibrahim Al-Haidari, the committee's Director of Public Relations and Marketing, stated that the price per square meter did not exceed 35 riyals… Read more

Saudi investments in Jordan total $10 billion... and the Business Council begins its work in Amman

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Reading time: < 1 MinuteJordanian Minister of Industry and Trade Maha Ali praised the distinguished trade and economic relations between her country and the Kingdom of Saudi Arabia. Speaking on the occasion of preparations for the Saudi-Jordanian Joint Committee meetings, which begin in Amman tomorrow, she explained that Saudi investments have added value to the national economy by providing job opportunities for Jordanians and enhancing trade between the two countries, with total Saudi investments reaching… Read more

Al-Ahsa Municipality hands over 50 million square meters for private sector development

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Reading time: < 1 MinuteThe Deputy Minister of Housing for Land Affairs, Eng. Abdulnasser Asiri, confirmed that the Al-Ahsa Municipality has promised to hand over 50 million square meters of land to the Ministry of Housing in the near future in previously selected areas. This land will be allocated to several projects to fulfill the leadership's aspirations in the housing sector. Asiri explained that the meetings held with the Mayor of Al-Ahsa aimed to review the land and related matters… Read more

Saudi-Jordanian agreement to establish Saudi-Jordanian Holding Company and study border trade obstacles

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Reading time: < 1 MinuteAt the conclusion of their meetings in Amman, the Saudi-Jordanian Business Council agreed to form a joint committee to study ways to facilitate joint economic and investment projects between individuals and private sector institutions in both countries. This will involve examining obstacles to transportation and transit at border crossings, as well as tax and regulatory procedures. Furthermore… Read more

The Saudi-Jordanian Business Council Addresses Issues of Joint Cooperation and Discusses Investment Solutions and Obstacles

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Reading time: < 1 MinuteThe volume of trade exchange between the Kingdom and Jordan is $5.3 billion. Mohammed Al-Awda, Chairman of the Saudi-Jordanian Business Council at the Council of Saudi Chambers, revealed during the coordination meeting currently being held in Amman that upcoming meetings will be between Saudi and Jordanian business leaders and relevant authorities in the Hashemite Kingdom of Jordan. These meetings represent a framework for genuine partnership between the two kingdoms, and this visit aims to… Read more

%30 منها للخليجيين .. الاستثمارات العقارية بالأحساء تصل1.5 مليار ريال

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Reading time: < 1 MinuteAs a result of the urban and economic boom Al-Ahsa is experiencing, it has witnessed a significant influx of businesspeople from both within the Kingdom and abroad, making it a prime destination for capital investment from businesspeople both domestically and from the Gulf countries. The volume of real estate investments traded in Al-Ahsa Governorate in 2015 reached 1.5 billion riyals, with Gulf investors accounting for 301,000 riyals of that total. Read more

Real Estate Index falls by 23% The value of real estate transactions for 2015 reaches 348 billion

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Reading time: 2 Minutes  As expected, the real estate index saw a decrease in transaction value by the end of 2015 compared to 2014, reaching SAR 348.4 billion, a drop of 22.51%. In 2014, the total value of real estate transactions was SAR 449.7 billion. The decrease in transaction value in the real estate market for 2015, compared to 2013, when the total value of transactions was approximately SAR 418.9 billion, was also significant. Read more

I met with engineering offices ... Medina Municipality reveals 8 benefits of the new construction license system

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Reading time: < 1 MinuteThe Deputy Mayor of Madinah for Development, Engineer Abdul Rahman Al-Hadlaq, outlined the benefits of the new building permit system using Geographic Information System (GIS) technology. He explained that the system aims to serve employees of the Development Agency and engineering offices, noting that it allows access to all municipal systems through a single screen to manage all procedures related to issuing permits, and enables… Read more

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