Month: April 2016

With strong participation from the Gulf region, the Riyadh Travel Fair 2016 kicks off tomorrow, Tuesday, at the Al Faisaliah Hotel

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Reading time: < 1 MinuteWith the participation of more than 250 exhibitors from regional and global markets representing nearly 50 countries targeting the Saudi tourism market, the eighth edition of the Riyadh Travel Fair kicks off tomorrow, Tuesday, at the Al Faisaliah Hotel. The fair’s exhibition halls feature strong Gulf participation, including the Abu Dhabi Tourism and Culture Authority, the Qatar Tourism Authority, the Sharjah Commerce and Tourism Development Authority, the … Read more

Al-Haqeel visits the Construction and Housing Bank and learns about Egyptian projects and experiences

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Reading time: < 1 Minute During his visit to the Arab Republic of Egypt as part of the delegation of the Custodian of the Two Holy Mosques, Minister of Housing Majid Abdullah Al-Hogail reviewed the experiences and program of the social housing initiative, its objectives, conditions, implementation status, the Egyptian Ministry of Housing’s plan for the coming phase, and the efforts being made to meet the various needs for housing units and land for different segments of Egyptian society. During his visit, Al-Hogail toured the headquarters of the Housing Bank … Read more

Following the Tourism Authority's decision to form its board. The Saudi Travel and Tourism Association holds its second board of directors

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Reading time: 2 Minutes The Saudi Travel and Tourism Association held its second board meeting of the new 2016 session at the headquarters of the General Authority for Tourism and National Heritage on Tuesday, June 13,1437, corresponding to March 22, 2016, chaired by His Excellency Mr. Faisal bin Abdullah Al-Humaidi and attended by the board members. The meeting included a discussion of a number of topics of interest to the travel and tourism sector in the Kingdom, the most notable of which were … Read more

Engineers Authority participates in the Structural and Interior Design Exhibition in Riyadh

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Reading time: < 1 MinuteThe Saudi Council of Engineers participated in the Architectural and Interior Design Exhibition, titled “For a More Luxurious Home,” which was held under the patronage of the Minister of Municipal and Rural Affairs, Engineer Abdul Latif Al Sheikh, at the Four Seasons Hotel in Riyadh. and was opened on his behalf by the Mayor of Riyadh, Engineer Ibrahim Al-Sultan. During his visit to the Society’s booth, His Excellency the Mayor of Riyadh watched a documentary film showcasing … Read more

“Al Dana Bay celebrates the visit of more than 50 real estate and economic figures to see the latest projects

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Reading time: < 1 MinuteAl-Dana Bay Company recently welcomed more than 50 real estate and business leaders from the Eastern Province and other regions of the Kingdom to its project located on Half Moon Beach in the Eastern Province, The visit was organized at the invitation of the company’s Chairman, Abdulmohsen Al-Rashed, with the aim of showcasing its latest project, Dana Beach Resort, which consists of 110 beachfront villas. On this occasion, Dr. Bassam Budi said … Read more

11 initiatives from the Saudi-Egyptian Business Opportunities Forum lay out a roadmap for joint investment opportunities

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Reading time: 3 MinutesThe final statement of the Saudi-Egyptian Business Opportunities Forum called for supporting the strategic partnership between the two countries in the 21st century, which was emphasized by the leaders of both countries during the current visit of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud —may God support him—to the Arab Republic of Egypt. The statement emphasized the need to make the forum’s outcomes the primary basis for … Read more

Agreement to establish a Saudi-Egyptian investment fund with a capital of 60 billion riyals. 21 agreements signed between the two countries

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Reading time: 3 Minutes  The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his brother, His Excellency President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, witnessed at Abdeen Palace in Cairo yesterday evening, the signing of 21 investment agreements and memoranda of understanding between the two countries in a number of fields, as well as the announcement of two projects that have been established, as follows: 1- An agreement to establish a Saudi-Egyptian investment fund with a capital of 60 billion riyals … Read more

The “Housing” Alliance with Major Korean Companies Opens Up Vast Opportunities for the Private Sector

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Reading time: 2 MinutesThe Ministry of Housing’s partnership with major Korean companies to build 100,000 housing units opens up significant opportunities for the private sector (both domestic and foreign) to compete in the construction of housing units, as the Ministry is set to complete the feasibility study for the Housing Suburb Project — northeast of Riyadh — for which it has signed a contract with a Saudi-Korean consortium for its construction, and the feasibility study will determine … Read more

Saudi Arabia's Oil Crisis Begins to Shift to Alternative Investments

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Reading time: 2 MinutesOil is one of the most important global commodities on which the budget revenues of Gulf countries depend, particularly Saudi Arabia, and falling prices will affect those revenues, forcing countries to break free from their dependence on them. Saudi Arabia is currently undergoing the beginning of a major economic transformation by developing a post-oil economic policy, especially following the sharp decline in oil prices… Read more

It witnessed the participation of 120 local and international companies. The conclusion of the Saudi International Building Exhibition “Buildex” in Dammam

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Reading time: 3 MinutesThe Saudi International Construction Exhibition «BuildEx,» organized by Dhahran International Exhibitions Company (Expo) from March 28–31, 2016, at the Dhahran International Exhibition Center in Dammam,The event concluded with massive participation, reaching 120 local and international companies. Broad international participation The 18th Saudi International Building and Construction Exhibition «BuildEx» saw a significant increase in the number of participating companies, reaching more than … Read more

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