Month: November 2023

31 billion riyals in agreements and understandings at the «Jazan Investment Forum»

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Jazan Investment Forum

Reading time: < 1 MinuteThe Jazan Investment Forum on Wednesday witnessed the signing of 18 agreements and memorandums of understanding worth 31 billion riyals ($8 billion) for investment in the city of Jazan, southwestern Saudi Arabia. The Saudi International Industrial Village Company's investments amounted to 21.8 billion riyals ($5.8 billion), to build a complex for multiple industries, in partnership with a number of Korean companies. The Chinese company Wang Kang invested an amount of ... Read more

Prince Mohammed bin Nasser: Jazan Investment Forum is a platform to attract investments to the region

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Emir of Jazan

Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Nasser bin Abdulaziz, Governor of Jazan Region, stressed that the Jazan Investment Forum 2023, launched under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister, seeks to be a platform to attract direct and qualitative investments to the Jazan region, and a tool to communicate with the concerned parties to increase ... Read more

“Municipality and Housing” launches “Requirements Development Committees” project”

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: 2 MinutesThe Ministry of Alternative and Rural Affairs and Housing has launched the “Requirements Development Committees” project, as part of a quality initiative to involve the private sector in the development of municipal policies and legislation. The project aims to facilitate doing business, upgrade activities and sectors and make them more attractive, enable the private sector to achieve the goals of the Kingdom's Vision 2030, enhance beneficiary satisfaction and compliance, and unify efforts between the ministry and the private sector. Read more

Global Real Estate Leaders Summit to be held in Riyadh on December 4

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Spokesperson for the General Real Estate Authority - Penalty for providing real estate informationTaysir Al-Mafraj

Reading time: < 1 MinuteThe Global Real Estate Leaders Summit (GLS2023) will be held in Riyadh from December 4-7, under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing and Chairman of the General Authority for Real Estate, Mr. Majid bin Abdullah Al-Hogail, in the presence and participation of prominent real estate figures, a number of CEOs of major companies, members of the International Real Estate Federation, and international speakers representing more than 110 ... Read more

Public Investment Fund secures syndicated loan of up to $5 billion

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Public Investment Fund

Reading time: 2 MinutesThe Public Investment Fund (PIF) and Korea Commercial Insurance Company (K-SURE) today announced the signing of a syndicated loan insurance agreement with 9 major international banks. The agreement has a term of 13 years and an initial value of $3 billion (approximately 11.2 billion riyals), with an option to increase it to $5 billion (approximately 18.7 billion riyals), according to the terms and conditions that were agreed upon ... Read more

“ROSHN signs agreement with National Bank of Saudi Arabia to enhance housing finance programs

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ROSHN and National Bank of Saudi Arabia

Reading time: < 1 MinuteROSHN Group, a real estate developer and one of the Public Investment Fund's flagship projects, announced the signing of an agreement with the National Bank of Saudi Arabia, in the presence of Jason Margetts, Chief Sales Officer, and Saud Bajbir, Head of Retail Banking Business Group at the bank. In a statement, ROSHN said that the agreement seeks to enhance residential financing programs and provide high-quality housing options for employees of the National Bank of Saudi Arabia. ... Read more

Crown Prince congratulates Custodian of the Two Holy Mosques on winning the bid to host Expo 2030

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Crown Prince Mohammed bin Salman

Reading time: 2 MinutesHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has congratulated the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud on the occasion of the Kingdom of Saudi Arabia winning the bid to host Expo 2030 in Riyadh. This came after the International Bureau of Exhibitions (BIE) announced on Tuesday ... Read more

Saudi Arabia to host Expo 2030 over Italy and Korea

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Riyadh Expo 2030 Blueprint

Reading time: 2 MinutesSaudi Arabia has won the bid to host Expo 2030, following a vote by the General Assembly of the Bureau International des Expositions (BIE) on Tuesday evening. Saudi Arabia competed with South Korea and Italy to host the event. By hosting Expo 2030 in Riyadh, Saudi Arabia will present an exceptional and unprecedented edition in the history ... Read more

Northern Borders Investment Forum concludes with more than 600 Saudi and foreign investors in attendance

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Northern Borders Investment Forum

Reading time: < 1 MinuteThe Northern Borders Investment Forum, organized by the Emirate of the region and the Federation of Saudi Chambers, concluded yesterday evening at the Ministry of Interior Employees Club in Arar, which lasted for two days, in the presence of more than 600 Saudi and foreign investors. The forum, which was organized by the Emirate of the region and the Federation of Saudi Chambers, was attended by more than 600 Saudi and foreign investors. Read more

Seven launches new SAR 1.3 billion tourist destination in Abha

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Seven project in Abha - a tourist destination

Reading time: 2 MinutesHis Royal Highness Prince Turki bin Talal bin Abdulaziz, Governor of Asir Region and Chairman of the Asir Region Development Authority, sponsored the ceremony announcing the construction of the fifth entertainment destination of the Saudi Entertainment Projects Company (SEVEN), owned by the Public Investment Fund (PIF) at the Kingdom level, and the first in the Asir region with an investment value of 1.3 billion riyals, to be a new tourist destination in the region. His Highness emphasized that the region ... Read more

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