Month: September 2017

During the first half of 2017, the Investment Authority issued investment licenses with a total capital of 3.258 billion riyals

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Reading time: < 1 MinuteIn its report on the first half of 2017, the Investment Authority confirmed a 1301% increase in the issuance of investment project licenses compared to the same period in 2016, with 158 projects licensed during the first half of 2017, representing a total capital of 3.258 billion riyals, while 127 licenses were issued with a total capital of 1.392 billion riyals during … Read more

Special legislation has been submitted to the Cabinet... The Ministry of Housing will fund free residential land starting next year

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Reading time: < 1 MinuteThe Ministry of Housing is considering providing free residential land starting next year, 2018. This was stated by Prince Saud bin Talal bin Badr Al Saud, Advisor and General Supervisor of the Ministry of Housing’s Agency for Housing Support and Branches, who noted that this measure is expected to be approved in 2018. His Highness said that the Ministry of Housing has submitted specific legislation to the Expert Committee … Read more

More than 400 partners join the “Asil” loyalty program at the Saudi Investment Bank

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The Saudi Investment Bank - Real Estate Finance

Reading time: < 1 MinuteThe number of partners in the Saudi Investment Bank’s «Asil» loyalty program has exceeded 400, spanning various industries, services, and sectors, allowing customers to enjoy instant discounts on a wide range of shopping options. The concept of the program, which is considered the largest of its kind in the Gulf and the Middle East, is to offer instant discounts when using Mada cards or credit cards issued by the bank … Read more

With innovative banking solutions Bank Albilad issues a digital card compatible with smart applications and shopping

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Reading time: < 1 Minute  Al-Bilad Bank recently launched its prepaid digital card, which allows Al-Bilad Bank customers to register it in mobile apps as a secure and convenient payment method for online shopping. This launch is part of the bank’s ongoing commitment to providing innovative banking solutions to its customers. Al-Bilad Bank’s digital card is a prepaid card linked to a checking account, which can be easily loaded via a transfer from … Read more

A British trade magazine has awarded him the prize... The CEO of Sahal Housing Finance has been named Best CEO in the Finance Sector

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Reading time: < 1 Minute  The British magazine *Business Worldwide*, which covers the global finance and business sectors, has awarded Mr. Abdul-Ilah Al-Sheikh, CEO of the Saudi Housing Finance Company (Sahl), the award for Best CEO in the Kingdom’s finance sector. On this occasion, Al-Sheikh expressed his delight at receiving this prestigious award from the specialized magazine Business Worldwide, noting that it was a crowning achievement… Read more

Spanning a total area of approximately 10 million square feet, Emaar Properties plans to develop a hotel and residential units along the waterfront of Dubai Harbour.

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Reading time: < 1 MinuteWith a total area of approximately 10 million square feet, Emaar Properties plans to develop a new hotel and residential units along the waterfront of the “Dubai Harbour” project, between ”Jumeirah Beach Residence” and ”Palm Jumeirah,“ noting that it will focus on constructing a series of high-rise residential apartment buildings overlooking the Arabian Gulf. Emaar stated that ”Al Anwan Hotels & Resorts“ will operate the hospitality project … Read more

Dubai will host The Big 5 exhibition on November 26... with dedicated pavilions for the “Big Five in Solar Energy”

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Reading time: < 1 Minute  The World Trade Centre in Dubai will host The Big5 2017 from November 26 to 29. The exhibition’s program includes more than 80 CPD-accredited workshops, seminars, and conferences, featuring international experts who will share their practical experiences and review the latest developments in their respective fields. This year’s edition… Read more

Cabinet decides to deposit the funds allocated for PPP initiatives in the Ministry of Housing's budget

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Business activities

Reading time: < 1 MinuteChaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, the Council of Ministers decided at its meeting yesterday, Tuesday, that the funds allocated for public-private partnership initiatives be deposited in the budget of the Ministry of Housing. The initiatives included in this decision are as follows: (an initiative to enter into partnerships with private-sector developers on Ministry-owned land, and an initiative to stimulate the development of housing products on the land … Read more

The Public Investment Fund plans to establish an entertainment company with a capital of 10 billion riyals

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Public Investment Fund Profits - Investment - Investment Opportunities

Reading time: < 1 MinuteWith a capital of 10 billion riyals, the Public Investment Fund plans to establish a new company as its investment arm in Saudi Arabia’s growing entertainment sector, aiming to strengthen the role of investment in the entertainment sector and attract strategic partnerships to build an integrated ecosystem, in addition to expanding the scope and diversity of entertainment services and raising their quality in line with the latest global standards. The company’s efforts will contribute to … Read more

“Youssef Maroun Contracting begins construction of Dallah Hospital in Riyadh at the end of September

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Reading time: < 1 MinuteYoussef Maroun Contracting Company has signed a contract with “Dallah Healthcare Services” for the construction of the western expansion of Dallah-Al Nakheel Hospital in Riyadh. Under the contract, “Youssef Maroun” will carry out the necessary construction work for the structural framework, in addition to a number of finishing works, for a total value of 140 million riyals. On this occasion, Youssef Maroun, the company’s CEO, expressed his delight at the joint cooperation … Read more

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