Month: March 2016

Air conditioning and lighting systems include... Al Salem Johnson Controls supports energy conservation up to 40%

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Reading time: 2 MinutesContinuing its efforts to achieve optimal energy efficiency, Al Salem Johnson Controls, the leading company in the field of air conditioning, refrigeration, ventilation, building security, and control, has implemented smart solutions for its products in partnership with Samaco, the exclusive dealer for Volkswagen and Audi vehicles in the Kingdom of Saudi Arabia, and implemented these solutions in Samaco showrooms to reduce energy consumption and lower emissions… Read more

Al Fanar welcomes Sheikh Hamdan Al Maktoum to its booth at the Electricity Exhibition

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Reading time: < 1 MinuteDuring its participation in the Middle East Electricity Exhibition, Al Fanar, the platinum sponsor of the 41st edition of the event currently being held at the Dubai World Trade Centre, was honored to welcome Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, to its booth. Al Fanar, which has the largest booth at the exhibition, showcased its significant capabilities in the global electrical manufacturing sector … Read more

Jeddah Economic Forum 2016 concludes with a call to emphasize the importance of finance in creating effective partnerships 

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Reading time: 2 MinutesThe 2016 Jeddah Economic Forum concluded its proceedings after a three-day event held under the theme “Public-Private Partnerships: An Effective Partnership for a Better Future,” under the patronage of His Royal Highness Prince Khalid Al-Faisal bin Abdulaziz, Advisor to the Custodian of the Two Holy Mosques and Governor of the Makkah Region, and in the presence of a select group of economic decision-makers and officials from the local and international communities at the Hilton Hotel in Jeddah. Encouraging Partnership… Read more

Launching in March. Saudi-U.S. Business Forum attracts top officials and investors from both countries

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Reading time: 2 MinutesTrade relations between the Kingdom and the United States are experiencing significant growth and attention at both the official and public levels, particularly following official visits by both sides, As a result, the fourth edition of the Saudi-American Business Opportunities Forum will be held under the patronage and in the presence of the Minister of Industry and Trade, Dr. Tawfiq Al-Rabiah, on March 22 and 23, 2016, at the Ritz-Carlton Hotel in the capital, Riyadh, with broad participation from … Read more

Saudi Fund for Development grants SAR 100 million credit facilities to Al Kharif Trading

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Reading time: < 1 MinuteThe Saudi Fund for Development signed a financing and credit facility agreement with Al-Khuraif Trading Company in Riyadh. The agreement aims to finance the company’s programs for the export of various agricultural and industrial equipment, with a total value of 100 million riyals. The agreement was signed on behalf of the Fund by Vice President and Managing Director Eng. Youssef bin Ibrahim Al-Bassam, and on behalf of Al-Khuraif Trading Company by Saad bin Abdullah Al-Khuraif, Chairman of the Board of Directors … Read more

“Al Othaim Investment and Real Estate Development hosts World Civil Defense Day events

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Reading time: < 1 MinuteAl-Othaim Investment and Real Estate Development Company hosted the World Civil Defense Day events, which were held at Al-Othaim Mall Al-Rabwah in Riyadh. The ceremony was graced by His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, who presented an award to the company. On this occasion, Mr. Fahd bin Abdullah Al-Othaim, Vice Chairman of the Board of Directors, expressed his appreciation for the honor and patronage of His Royal Highness Prince Faisal bin … Read more

Saudi banks provide loans worth 1509 billion riyals in January

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Reading time: < 1 Minute The value of loans granted by Saudi banks to the public and private sectors reached 1.509 trillion riyals by the end of last January, Reports issued by the Saudi Arabian Monetary Authority (SAMA) indicated that the private sector’s share stood at approximately 1,384 billion riyals by the end of January 2016, an increase of 9% compared to the same period last year, when it stood at 1,268 billion … Read more

Kuwaiti-Bahraini company invites GCC nationals to own apartments in Vision residential tower in Manama

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Reading time: < 1 Minute The Kuwaiti-Bahraini Trading and Contracting Company announced the launch of its first residential project in the Kingdom of Bahrain, the “Vision” residential tower in the Juffair area, in partnership with Arsan Real Estate, a company active in the Kingdom of Bahrain and the State of Kuwait and a leader in the field of residential architectural projects. The tower is located on Juffair Ring Road, near the «Fontana Towers» hotel and the “Marriott” hotel, and will be … Read more

137.5 billion riyals worth 104,649 real estate transactions since the beginning of this year

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Reading time: 2 Minutes  Since the beginning of the year, the number of real estate transactions across the Kingdom has reached 104,649, with a total value exceeding 137.5 billion riyals. The residential sector accounted for 85.21% of the transactions, totaling 89,710 residential transactions with a total value of approximately 80.5 billion riyals, while the commercial sector recorded 14,939 transactions with a total value of 57 billion riyals. The residential sector in … Read more

Potential partnerships between Saudi real estate developers and their Chinese and Korean counterparts to address the housing crisis

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Reading time: < 1 Minute  Real estate expert and investor Salman bin Abdullah Saidan revealed that alliances are being coordinated between real estate development companies in the Kingdom and Chinese and Korean firms to enter the Saudi real estate market and work toward resolving the housing crisis. During a recent speech at the “Real Estate Professionals” Diwaniya” forum in Al-Sharqiyah, Ibn Saidan emphasized that the alliance is working to address the housing issue by contributing … Read more

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