Business & Money | Wednesday 1 May, 2024 9:12 am

Diriyah Gate Development Authority obtains ISO certifications for governance and quality management

The Diriyah Gate Development Authority (DGDA) has secured two International Organization for Standardization (ISO) certifications for governance and quality management (ISO 37000 and ISO 9001). This achievement follows the application and completion of the General Secretariat of the DGDA’s Board...

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Business & Money | Wednesday 1 May, 2024 9:01 am

ROSHN Signs Pledge to Become a Saudi Sustainability Champion

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has become one of the first ‘Saudi Sustainability Champions’ after signing a high-level pledge at the World Economic Forum. The initiative, which is led by the Ministry of Economy and Planning, aims ...

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Government | Tuesday 30 April, 2024 1:27 pm

UAE Ministry of Finance Participated in 2024 IsDB Group Annual Meetings

The UAE Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held from 27 to 30 April 2024 in Riyadh, KSA. This year’s annual meetings coincided with the Golden Jubilee of IsDB, marking the Bank’s 50th anniversary since its establishment. The...

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Business & Money | Tuesday 30 April, 2024 11:03 am

Alkhorayef signs SAR 1.7B O&M contract with NWC

Alkhorayef Water and Power Technologies Co. (AWPT) signed a long-term operation and maintenance (O&M) contract with National Water Co. (NWC) to develop sewage treatment plants in Al Ahsa, according to a statement to Tadawul.   The contract will extend for 15 years...

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Business & Money | Monday 29 April, 2024 9:44 am

NEOM seals SAR 10B credit facility deal

NEOM announced it obtained fresh credit facilities worth SAR 10 billion ($2.67 billion), Reuters reported. The credit facility, which is based on the Murabaha structure, aims to support the stages of work progress in the main projects namely The Line, Oxagon, Trojena and Sindalah, Saudi Press...

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Government | Sunday 28 April, 2024 1:59 pm

REGA issues 33 off-plan sales licenses in Q1 2024 for 13,907 units

The Real Estate General Authority (REGA) issued 33 off-plan sales licenses in Q1 2024 to provide 13,907 new units available in the market. REGA’s Official Spokesperson, Tayseer Al-Mufarrej, said that there are 153 qualified developers engaged in real estate development activities across ...

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Government | Sunday 28 April, 2024 11:17 am

Saudi Arabia revises priorities, projects on track: Minister

Most of Saudi Arabia’s growth in the last few years was driven by newly-created economic sectors in line with Vision 2030, such as sports, entertainment, and tourism, in addition to industrial sectors, Faisal Alibrahim, Minister of Economy and Planning, said.   In a press...

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Business & Money | Sunday 28 April, 2024 11:16 am

Al Akaria, ARDCO ink SAR 275M agreement to develop educational complexes

Saudi Real Estate Co. (Al Akaria) and Riyadh Development Co. (ARDCO) signed, on April 25, a cooperation agreement with Riyadh Holding Co. to set up a special purpose vehicle to develop educational complexes at the cost of SAR 275 million, including the land value, the...

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Business & Money | Sunday 28 April, 2024 11:14 am

Retal inks SAR 240M contract with subsidiary for 8 residential buildings in Riyadh

Retal Urban Development Co. signed on April 25 an agreement with its subsidiary, Building Construction Company Limited to develop eight residential buildings in Riyadh at a total value of SAR 240 million, exclusive of taxes (if applicable).   The agreement is valid for 26 months from ...

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Business & Money | Saturday 27 April, 2024 1:55 am

China's Terminus plans to invest in Saudi Arabia over next 2 years: Official

Alaa Al-Sawwaf, robotics engineer and official at China's Terminus Group in the Middle East, said the group plans to invest and expand in the Saudi market over the next two years through producing highly intelligent robots.   On the sidelines of DRIFTx held in Abu Dhabi, Al-Sawwaf...

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