Month: August 2016

Rafal Real Estate Development introduces Zain's telecom solutions for its residential projects

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Reading time: < 1 Minute  Rafal Real Estate Development Company signed a cooperation agreement with Zain Saudi Arabia. The agreement aims to provide the company's projects with Zain's telecommunications solutions. According to the agreement, Zain Saudi Arabia will provide all operation, maintenance, upgrades, and expansion services for the internal network in the company's residential suburbs, and will also supply them with the advanced infrastructure to deliver the latest communication systems. Read more

Capitalized at one trillion dollars. The Public Investment Fund acquires 75% of shares of government secretariat companies

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Reading time: 2 Minutes  In a significant move, the Public Investment Fund (PIF) acquired 751 TP3T of government-owned companies affiliated with municipalities across the Kingdom's regions and cities. The fixed assets, including land and properties, of these companies are currently being evaluated. Several of the companies involved are already operational, such as Al-Balad Al-Ameen Company (Holy Capital Municipality), Jeddah Urban Development and Redevelopment Company (Jeddah Municipality), and Al-Muqarr Real Estate Development Company. Read more

53.5 billion in domestic tourism expenditures 11 projects in the accommodation sector to pump 2800 new hotel rooms

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Reading time: 2 MinutesThe General Authority for Tourism and National Heritage in the Makkah Region confirmed the expected growth in investments in the accommodation sector. The Director General of the Authority in the Makkah Region, Mohammed bin Abdullah Al-Amri, explained that there are 11 international investment projects in the accommodation sector that will add more than 2,800 new hotel rooms. Regarding the economics of tourism, Al-Amri predicted that it would reach… Read more

Taif is booming. More than 150,000 visitors will visit Souk Okaz in four days

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Reading time: < 1 MinuteIn its first four days, the 10th edition of the Souk Okaz Festival welcomed over 150,000 visitors from within the Kingdom and abroad, according to data from the Tourism Information and Research Center (MAS). Abdullah bin Obaidullah Al-Suwat, Director of the General Authority for Tourism and National Heritage in Taif Governorate, explained that the number of visitors is increasing daily, with expectations that the 10th edition will witness an even larger turnout… Read more

Binladin challenges 16 pieces of evidence in Aramco's report on the Haram crane accident

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Reading time: < 1 Minute  The Bin Laden Group confirmed that it has filed an appeal against the report issued by Aramco regarding the crane collapse at the Grand Mosque in Mecca. The appeal includes 16 pieces of evidence demonstrating inaccuracies in the Aramco report, indicating that these findings prove the observations and points made by Bin Laden Group specialists are inaccurate and do not warrant consideration. Read more

Five companies have submitted bids... The winning bidder for the operation of the duty-free shops at King Khalid Airport will be announced next month

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Reading time: < 1 MinuteSources at King Khalid International Airport in Riyadh announced that five international companies specializing in this field have submitted bids to manage and operate the duty-free shops in Terminals 1 and 2. According to press sources, these five companies will also manage and operate duty-free zones at some of the Kingdom's regional airports with international flights. The bids will be evaluated, and the winning company will be announced next month. Read more

“Mobily” Strengthens Its Ties with the Business Community and Opens a Service Support Center in Riyadh

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Reading time: < 1 Minute  Etihad Etisalat (Mobily) has strengthened its connection with the business sector by opening a Business Support Center, one of the best of its kind in the Kingdom. This center provides advanced technical support to business subscribers, enabling immediate response and resolution of technical issues. This reflects Mobily's understanding of the importance of ensuring the continuity of business operations and services for its subscribers. Read more

Saudi Banks Grant 191.8 Billion Riyals in Mortgage Loans Over 3 Months

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Reading time: < 1 Minute  Data released by the Saudi Arabian Monetary Authority (SAMA) for the second quarter of 2016 showed a decrease of 11 TP3T in mortgage loans compared to the same quarter of the year, reaching approximately SAR 191.8 billion. SAMA data also indicated that loans granted to individuals amounted to approximately SAR 108.2 billion, an increase of 2 TP3T compared to the previous quarter, when they reached… Read more

flynas moves its domestic flights to the fifth terminal at Riyadh Airport starting next Saturday

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Reading time: < 1 MinuteFlynas, the Saudi national carrier, confirmed the relocation of all its domestic flights to Terminal 5 at King Khalid International Airport in Riyadh. The airline explained that all its domestic flights (arrivals and departures) will operate from the new Terminal 5 starting Saturday, August 13, 2016. The terminal's operation is expected to be a significant step forward for the aviation sector, thanks to its advanced technologies… Read more

“Engineers Authority” and ”Target” call on offices and companies to hire Saudi engineers

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Reading time: 2 MinutesThe Saudi Council of Engineers and the Human Resources Development Fund (HRDF) have called upon engineering offices and companies in Saudi Arabia to support and employ Saudi engineers seeking work, and to find suitable job opportunities for them, by advertising available engineering positions through the Taqat website (https://taqat.sa). This initiative aims to facilitate the employment of Saudi engineers, who will be registered and listed through… Read more

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