Defense minister opens World Defense Show 2024 in Riyadh
On behalf of Crown Prince and Prime Minister Mohammed bin Salman, Minister of Defense Prince Khalid bin Salman inaugurated the second edition of the World Defense Show 2024 in Riyadh on Sunday. The General Authority for Military Industries (GAMI) is organizing the defense exhibition that is being held under the patronage of Custodian of the Two […]
Boeing, Bahri in deal to boost Saudi supply chain activities
Global aerospace giant Boeing’s Saudi unit has signed a strategic agreement with a major business unit of Bahri, a global leader in logistics and transportation, that will see the duo collaborate in the areas of supply chain and distribution in the kingdom. Announcing the strategic deal, Boeing said it aims to bolster the group’s supply […]
Solutions by stc completes acquisition of Devoteam Middle East
Solutions by stc, the enabler of digital transformation in Saudi Arabia and the region, has completed the acquisition of 40 percent of Devoteam Middle East, a subsidiary of the globally renowned Devoteam Group, a leader in digital consulting. The total value of Devoteam Middle East is approximately $197 million (SAR741.7 million). This acquisition was done […]
Saudi Arabia approves $27mn to counter terrorism
Minister of Defense Prince Khalid bin Salman bin Abdulaziz, who also serves as the Chairman of the Council of Defense Ministers of the member states of the Islamic Military Counter Terrorism Coalition (IMCTC), has announced the Kingdom’s approval of a $27 million contribution to the IMCTC’s initiatives financing fund. The announcement came during the meeting […]
LuLu KSA’s LuLu India Fest 2024 celebrates rich Saudi-India friendship ties
LuLu KSA’s LuLu India Fest 2024 celebrated the rich Saudi-India friendship ties. Culture, cuisine, and an incredible range of Indian products delighted shoppers during the festival that ran from Jan 24 to 30 across LuLu Saudi outlets. On Jan. 24, 2024, in KSA, LuLu Hypermarket Saudi launched its LuLu India Fest 2024, marking the […]
Saudi Arabia, UN vow to work together to stop land degradation around the world
Saudi Arabia and the United Nations underscored the importance of achieving harmony between countries and working together to stop land degradation around the world in order to live on one land. Both sides reiterated this during a dialogue session held within the ceremony organized by the Ministry of Environment, Water and Agriculture, on the occasion […]
General Authority for Foreign Trade launches workshops to boost Saudi exports
The General Authority for Foreign Trade, represented by the Agency for Private Sector Affairs and International Representation, has launched a series of workshops titled “Through the Attachés” to boost the access of Saudi exports to global markets. These workshops are held periodically to provide Saudi exporters with all procedures and requirements, targeted markets, available […]
SR200 million is minimum limit for public-private partnership project
The minimum limit for a public-private partnership project shall be SR 200 million, according to the amended executive regulations of the Privatization Law. The regulations set the minimum value for the transfer of asset ownership projects at SR 50 million. Saudi Arabia’s official gazette Umm Al-Qura published details of the amended regulations of the Privatization […]
Saudi Arabia pledges SR100 million to fight terrorism
Prince Khalid bin Salman, minister of defense and chairman of the Council of Defense Ministers of the Islamic Military Counter Terrorism Coalition (IMCTC), announced Saudi Arabia’s commitment of SR100 million ($26.6 million) in support of the coalition. He said this while inaugurating the second meeting of the IMCTC defense ministers in Riyadh on Saturday. Ministers of […]
India Middle East Europe corridor a game changer, says minister
The mega India Middle East Europe economic corridor (IMEC) covering the UAE, Saudi Arabia, US, France, Germany, Italy and the EU, will be a strategic and economic game changer for the Asian giant, said the country’s finance minister Niramala Sitharaman while presenting the Interim Budget 2024 today (February 1). A first-of-its-kind initiative, IMEC was unveiled […]