SAFCSP and Informa launch ‘Tahaluf’ joint venture to support Saudi Vision 2030
RIYADH, Saudi Arabia /PRNewswire/ — SAFCSP and Informa, the world’s largest tradeshow organiser, today announced the formation of a new joint venture, ‘Tahaluf’, to support the Kingdom’s Vision 2030 objective of diversifying its economy and creating high value employment opportunities for Saudi citizens. By launching the Tahaluf joint venture with Informa, SAFCSP extends its […]
Ministry of Commerce and Capital Market Authority publish the draft implementing regulations of the new companies law for public consultation
The Ministry of Commerce (“MC”) and the Capital Market Authority (“CMA”) announced publishing the Draft Implementing Regulations of the New Companies Law for public consultation for a period of fifteen (15) calendar days. The Draft comes pursuant to the issuance of the New Companies Law and based on the authority the Law grants to the […]
HRH Prince Mohammed bin Salman announces Sindalah, NEOM’s first island development
His Royal Highness Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the NEOM Company Board of Directors, has announced the development of Sindalah, the first luxury island destination in NEOM and one of the most important projects supporting Saudi Arabia’s national tourism strategy. A main gateway to the Red Sea offering bespoke nautical […]
Saudi Crown Prince: Arabs will race for progress and renaissance
Wrapping up the Arab-China Summit for Cooperation and Development,Crown Prince and Prime Minister Mohammed bin Salman reiterated on Friday the resolve of the Arabs to strive for their progress and prosperity. “We assure the whole world that the Arabs will race for progress and renaissance once again. We will prove that every day,” he […]
Opening Gulf summit, Saudi Crown Prince hints at new Saudi vision to bolster GCC states
Crown Prince and Prime Minister Mohammed bin Salman reaffirmed on Friday Saudi Arabia’s intention to present a new vision to further boost the development of the Gulf Cooperation Council (GCC) states. Inaugurating the 43rd GCC Summit at King Abdulaziz International Conference Center in Riyadh, he said close cooperation between the Gulf countries will lead […]
Chinese-Arab relations made great strides: President of China
President Xi Jinping of the People’s Republic of China, affirmed that the relations between the People’s Republic of China and the Arab countries witnessed great developments, as the two sides established strategic partnership relations based on comprehensive cooperation and joint development for a better future, the Saudi Press Agency reported. In his closing […]
Saudi FM: Cooperation with China does not mean non-cooperation with US
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan said that the Arab-Chinese summit stressed the importance of strengthening cooperation between the Arab countries and China. Addressing a joint press conference with the Arab League Secretary General Ahmed Aboul Gheit and GCC Secretary General Nayef Al-Hajraf at the conclusion of the Arab-China and the […]
Saudi Arabia’s KAPSARC, China’s CNPC ink agreement to advance energy research and innovation
The King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) on Tuesday with the Economics & Technology Research Institute (ETRI) — a research institute affiliated with the China National Petroleum Corporation (CNPC) — to foster cross-regional cooperation in energy research. KAPSARC President Fahad […]
Energy Minister: Saudi Arabia to host regional center for Chinese factories
Minister of Energy Prince Abdulaziz bin Salman said that Saudi Arabia will host a regional center for Chinese factories. “Saudi Arabia and China endeavor to enhance cooperation in the energy sector supply chains, by establishing a regional center for Chinese factories in the Kingdom by taking advantage of the Kingdom’s distinguished location among the three […]
Saudi construction strongest in MENA with $1.1trln project pipeline
Saudi Arabia’s construction industry continues to lead the Mena region despite the macroeconomic conditions hitting the sector globally, according to leading real estate expert JLL. The kingdom has been maintaining its position as the strongest market across the region with the highest total value of project awards for four consecutive years. […]