Month: July 2018

AED 590 million in Dubai real estate transactions in a single day

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Reading time: < 1 MinuteReal estate transactions in Dubai totaled more than 590 million dirhams on Sunday... The Department of Land and Property recorded 85 transactions worth AED 185 million, including 12 land transactions worth AED 59 million and 73 transactions for apartments and villas worth AED 126 million. The most significant land sale, valued at 22 million dirhams, took place in the Fourth Al Thania area, followed by a sale valued at … Read more

“SAR” Achieves 139% Growth in Passenger Trains Over the Course of a Year

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Reading time: < 1 MinuteThe Saudi Railway Company (SAR) achieved significant growth in the number of passengers on its passenger trains during the second quarter of this year, with a 139% increase compared to the same period last year. Ammar Al-Nahdi, SAR’s General Manager of Marketing and Corporate Communications, explained that the increase in the number of passengers on the Northern Line during the second quarter of 2018… Read more

“H Hospitality and Jabal Omar sign an agreement to manage and operate a 5-star hotel in Makkah

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Reading time: 2 MinutesJabal Omar Development, a leading real estate developer in Saudi Arabia, announced that it has selected H Hospitality Group, a subsidiary of Abu Dhabi Capital Group LLC, LLC, to manage and operate a five-star hotel in the Jabal Omar project in the Holy City, which was recently constructed adjacent to the Grand Mosque. This is the first hotel that H Group… Read more

“Housing”: We are continuing to allocate free land in various governorates as part of the “Sakani” program”

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Residential platform

Reading time: < 1 MinuteThe Ministry of Housing continued to hand over a number of free residential plots to beneficiaries of the “Sakani” program who were allocated land in recent monthly batches, having handed over several plots the day before yesterday in Al-Zulfi, Al-Dawadmi, and Hawtat Bani Tamim, as well as in Al-Qassim. This step is a continuation of the Ministry’s ongoing efforts to hand over free plots of land and ready-to-move-in housing units in … Read more

“CITC issues regulations for telecommunications and broadband services in new plans and development sites

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Reading time: < 1 MinuteThe Communications and Information Technology Commission has issued regulations aimed at facilitating the deployment of telecommunications networks and ensuring their implementation during the development phases of land-use plans and residential, commercial, and government projects in a manner that is coordinated and synchronized with other public utilities, minimize repetitive excavation work, and achieve economic efficiency in line with global best practices. The approved regulations clarify the rights and obligations of property owners and developers … Read more

“The Department of Municipal Affairs aims to develop 1,219 gas stations along regional roads

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Reading time: 3 MinutesThe Ministry of Municipal and Rural Affairs confirmed that it has upgraded more than 155 stations nationwide and more than 301 of the required stations on priority roads. This is being done through the program to improve fuel stations on regional roads, which it has prepared and is currently implementing in cooperation with certain government agencies, in accordance with the royal directives and in line with the objectives of the National Transformation Program, noting that the program … Read more

Statistics Authority: Rise in the economic participation rate of Saudis 6.1 % Total population unemployment rate

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Reading time: 2 MinutesThe General Authority for Statistics (GaStats) has released the Labor Market Bulletin for the first quarter of 2018 on its official website, www.stats.gov.sa, based on estimates from the quarterly labor force survey conducted by the Authority and labor market data derived from administrative records held by relevant agencies (the Ministry of Labor and Social Development, the Ministry of Civil Service, the General Organization for Social Insurance, … Read more

Public Investment Fund acquires 15.2% of ACWA Power“

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Reading time: < 1 MinuteThe Public Investment Fund announced today that it has officially acquired a 15.21% stake in International Water and Power Company (ACWA Power), the operator of power generation and water desalination projects and plants, in the form of a capital increase in the company, with the proceeds to be used to support the company’s growth strategy and future investment plans. According to an official statement released by the Fund and ACWA Power, … Read more

Riyadh Chamber announces the availability of 618 jobs in the private sector

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce has announced 618 job openings at a number of private sector companies seeking to fill these positions with qualified candidates of both genders, through the Riyadh Chamber’s Training and Employment Center. Interviews for these positions will take place from Sunday, July 8, through Thursday, July 12. The positions cover a number of administrative and technical fields and are intended for bachelor’s degree holders … Read more

Minister of Commerce: Establishing an e-commerce council keeps pace with global interest and creates an environment conducive to investment

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Part of the meeting

Reading time: < 1 MinuteHis Excellency Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment, affirmed that the establishment of an e-commerce council is a response to the global interest in e-commerce, and to unify the efforts of all government agencies toward creating a conducive environment for e-commerce in the Kingdom to contribute to strengthening the national economy while facilitating its operations and keeping pace with international developments. His Excellency said: ”The Cabinet’s approval today of the formation of a council … Read more

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