Month: April 2016

The Platonism of Motivation and the Reality of Discrimination Saleh bin Farhan Al-Hariri

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Reading time: < 1 MinuteDon’t be surprised by that old man; I’m sure he’s over eighty, as was evident from his hunched back, his white hair, and his sagging skin, but I can say with certainty that his heart is bright, and his outlook on the future is perhaps better than that of a thirty-year-old in another country not far from here!! That old man is carrying on his back some blankets and clothes that might… Read more

“MODON unveils benefits and facilities to create a favorable environment for industrial investments

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Reading time: < 1 Minute“The Saudi Authority for Industrial Cities and Technology Zones (MODON) has announced the adoption of a package of benefits, incentives, and various facilities to create a conducive environment for industrial investment, the most significant of which is the provision of preferential prices for industrial land. Sami bin Ibrahim Al-Husseini, Director of Marketing and Public Relations at MADIN, explained that industrial investors in the Kingdom now have access to numerous facilities and opportunities, as MADIN has adopted an approach … Read more

New regulations for foreign investment in Saudi Arabia aim to modernize the investment environment

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Reading time: < 1 MinuteAs part of efforts to modernize the foreign investment environment in the Kingdom of Saudi Arabia, the General Investment Authority has issued new regulations governing the issuance and renewal of investor visas and general manager visas, effective February 15, 2016, with the aim of facilitating and increasing high-quality investments. According to the Authority’s regulations, investors are required to limit the proportion of foreign workers to no more than 25% of the total workforce in foreign companies or … Read more

The Ministry of Housing to Build 180,000 Housing Units Over Three Years

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Reading time: < 1 MinuteThe Ministry of Housing has launched a series of accelerated and serious measures to build 180,000 housing units within a maximum of three years and a minimum of two years. These housing units will be constructed by local and foreign developers and companies. Several informed sources indicated that the prices to be set by the Ministry for beneficiary segments will be as follows: for individuals with monthly salaries ranging from 5,000 to 12,000 riyals… Read more

Saudi Fund for Development provides loans to a number of Turkish banks

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Reading time: < 1 MinuteThe Saudi Fund for Development announced its approval to provide credit facilities totaling $75 million to finance the export of various national goods and services to a number of banks in the Republic of Turkey. Ahmed bin Mohammed Al-Ghanam, Director General of the Fund’s Saudi Export Program, explained in a recent press statement that the provision of these facilities, which were signed last Tuesday in Istanbul, comes … Read more

Shareholding company officials referred to the Investigation Authority for violating the law

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry has referred a number of officials from 12 joint-stock and limited liability companies to the Bureau of Investigation and Public Prosecution for violations of the Companies Law, based on follow-up investigations and complaints received. The Ministry clarified that this brings the total number of companies whose officials have been referred to the Authority over the past few months to 24, comprising 12 companies … Read more

Partnership between ”Labor” and the private sector to qualify national cadres

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Reading time: < 1 MinuteIn implementation of the strategy to train and qualify national personnel for entry into the labor market, the Ministry of Labor has signed several agreements with private-sector companies, most notably a memorandum of understanding with Saudi Telecom Company (STC) at the Ministry’s headquarters in Riyadh to train, qualify, and support citizens in the project to localize the sale and maintenance of mobile phones and accessories, under the patronage of Minister of Labor Dr. Mufarrij … Read more

Saudi Arabia-New Zealand Business Council established, MoU signed

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Reading time: < 1 MinuteThe Council of Saudi Chambers and the New Zealand Chamber of Commerce for the Middle East have signed a memorandum of understanding to establish a Saudi – New Zealand Business Council, which is expected to lead to the strengthening of bilateral trade between the Kingdom and New Zealand and an increase in the volume of trade and investment cooperation, representing a strong boost to Saudi-New Zealand economic relations. The signing ceremony, which took place at the New Zealand Embassy in Riyadh, was attended by the Minister of Foreign Affairs … Read more

Preparations are complete for the distribution of 4151 housing products in Sharqiya

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Reading time: < 1 MinuteThe Ministry of Housing has completed all preparations to deliver 4,151 housing units to eligible recipients of housing support who applied through the «Iskan» online portal. The housing units, some of which are scheduled for delivery this month, include residential units and land plots under the «loan and land» system in the governorates of Qatif, Al-Ahsa, and Hafar Al-Batin. The Ministry is expected to begin delivering the units … Read more

More than 55% completion rate on train bridge columns

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Reading time: < 1 MinuteProgress on the bridge piers for the Riyadh Metro has reached over 55%, with work having passed the halfway mark, having completed more than 1,200 piers out of a total of 2,182. The Riyadh Metro’s Twitter account stated that the project will continue as planned until its completion under the supervision of the Riyadh Development Authority. It is worth noting that the Riyadh Metro spans a length of 176 … Read more

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