Jeddah Historic District Program inks deal with Al Balad Development
The Jeddah Historic District Program, under the patronage of the Saudi Ministry of Culture, has signed an agreement with Al Balad Development Company, a PIF Company, to operate heritage hotels in the Jeddah Historic District. The move aims to develop the tourism sector in the area, enhance the level of services provided to tourists and […]
Saudi’s Tejoury opens new regional headquarters in DIP
Tejoury, a Saudi company specialising in records management, digital transformation, and business process outsourcing, has unveiled its new regional hub in Dubai Investments Park (DIP) as it expands its reach in the region. With a facility spanning over 5,000 sq m, Tejoury’s headquarters is poised to deliver top-tier document management solutions, ensuring security and efficiency […]
EVA Pharma breaks ground on state-of-the-art complex in KSA
EVA Pharma has recently broke ground on its state-of-the-art pharmaceutical research and manufacturing complex in Sudair, the first of its kind in KSA, and the opening of its Riyadh office. Consulting and planning company io is responsible for the concept design of the complex with a vision for a greener and more sustainable future. With […]
Saudi’s PIF starts selling 7-year Islamic dollar bonds, document says
Saudi Arabia’s sovereign wealth fund has started selling a senior 7-year Islamic dollar bonds, according to an arranging bank document reviewed by Reuters on Tuesday. The initial price guidance for the debt sale has been placed around 115 basis points over U.S. Treasuries, the document said.
Number of factories in Saudi increased by 10% in 2023: minister
According to the Ministry of Industry and Mineral Resources, the number of factories in the Kingdom increased by 10% in 2023; 11,549 factories were operating by the end of the year. Also last year, 1,379 new industrial licenses were issued, with SAR81 billion in investments, and production started in 1,058 new factories, with SAR45 billion […]
Abdullah Kamel discusses investment opportunities with Malaysian PM
Sheikh Abdullah Saleh Kamel, president of the Islamic Chamber of Commerce, Industry and Agriculture, met with Malaysia’s Prime Minister Anwar Ibrahim in Kuala Lumpur on Friday. Secretary General of the Islamic Chamber Yousef Khalawi and Dr. Fasihar Hassan Abdul Razzaq were also present on the occasion. During the meeting, Sheikh Abdullah Kamel was briefed on […]
Saudi Arabia to establish marketing offices for tourist destinations
Saudi Arabia will establish marketing offices for its tourist destinations as part of the efforts to attract more tourists and achieve the goal of turning the Kingdom as a major tourist destination at the national and global levels. This is one among the rules to regulate the Saudi Tourism Authority, approved by the Council of […]
NRRC: Ukrainian nuclear plant explosion not affected in anyway Saudi radiation levels
The Saudi Nuclear and Radiological Regulatory Commission (NRRC) announced that the commission’s Nuclear Emergency Operations Center did not receive any international reports of any radioactive releases following the explosions that occurred in the vicinity of the Ukrainian Zaporizhzhya nuclear power plant last year. The plant is currently supervised by Russia. The commission said in a […]
Saudi Civil Aviation Delegation visits Chinese COMAC
A high-level delegation from the civil aviation sector, headed by President of the Saudi General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej visited the headquarters of the Commercial Aircraft Corporation of China (COMAC), the assembly line of the C919 and ARJ21 aircraft in the city of Shanghai, and the economic zone at Zhongshu […]
Saudi Arabia launches 1st national cultural metaverse platform
The Saudi Ministry of Culture has launched the first national cultural metaverse platform in the world supported by the artificial intelligence system for Generative Media Intelligence (GMI). The launch of the national initiative is in partnership with droppGroup and its World’s First ‘Phygital’ Metaverse using Hyper ledger Fabric 2.5 blockchain technology, which is represented by […]