14 Muharram 1446 - 20 July 2024
Sign up for newsletter
Eye of Riyadh

NHC, China's CSCEC ink deal to build 20,000 housing units in Saudi
Business & Money | Saturday 20 July, 2024 1:01 am
National Housing Co. (NHC) signed an agreement with China State Construction Engineering Corporation (CSCEC) to build 20,000 housing units in NHC's suburbs and communities Kingdom-wide.   Under this partnership, a total of 20,000 housing units of various areas will be constructed....
Saudi home ownership reaches 63.7% in 2023
Business & Money | Saturday 20 July, 2024 12:56 am
Saudi home ownership rate reached 63.7% at the end of 2023, an increase of 16.7 percentage point from 2016, the 2023 Housing Program report showed.   The report cited several achievements of the program for 2023. More than 96,000 families benefited from housing support in 2023...
Germany's Lilium mulls to manufacture jets in Saudi Arabia: CEO
Business & Money | Saturday 20 July, 2024 12:53 am
Lilium, the developer of the first all-electric vertical take-off and landing (eVTOL) jet, is exploring the possibility of manufacturing its jets in Saudi Arabia, Al Eqtisadiah newspaper reported, citing CEO Klaus Roewe.   Lilium is currently working on the development of a support...
KSA records SAR 605B real estate deals post brokerage law
Business & Money | Friday 19 July, 2024 3:49 pm
The number of real estate transactions grew by nearly 17% to 3.5 million at a total value of more than SAR 605 billion within a year from implementing the Real Estate Brokerage Law, said Abdullah Al-Hammad, CEO of the Real Estate General Authority (REGA).   During his opening speech...
Minerals Program identifies local needs, supports foreign investment: Almudaifer
Government | Friday 19 July, 2024 3:45 pm
The National Minerals Program seeks to enhance the continuity of supply chains amid the execution of major projects and to identify local mineral needs, Al Eqtisadiah newspaper reported, citing Khalid Almudaifer, Vice Minister of Industry and Mineral Resources. He added that the program...
Dar Global plans to launch Trump Tower Dubai in 2025
Business & Money | Friday 19 July, 2024 3:43 pm
London-listed Dar Global Co., the international arm of Saudi Arabia's Dar Alarkan Real Estate Development Co., along with the Trump Organization, announced their collaboration to establish a Trump-branded tower in Dubai, Reuters reported.   In a statement, Dar Global said the tower...
Saudia's jet deal to provide advanced transportation alternatives: Al-Jasser
Government | Friday 19 July, 2024 3:40 pm
Saudia's signing of the largest global order with Germany's Lilium to purchase up to 100 electric eVTOL jets aims to offer air taxi services in the Kingdom, said Saleh Al-Jasser, Minister of Transport and Logistics.   He said on his official X account that the deal also aims to...
New regulations underway to facilitate investment in Saudi
Tourism & Hospitality | Friday 19 July, 2024 3:38 pm
Minister of Tourism, Ahmed Alkhateeb, said that work is underway on new laws and regulations to facilitate investment in Saudi Arabia. The private sector always seeks profits and returns. Therefore, tourism projects will be a pull factor for investors. ...
DOF and FAB Partnership to Enhance Digital Government  Service Experience in the Emirate
Business & Money | Friday 19 July, 2024 12:47 am
Department of Finance in Ajman (DOF) signed a service agreement with First Abu Dhabi Bank (FAB) to augment the unified digital payment platform for Ajman's government, SADAD Ajman, and its digital wallet. The aim is to provide comprehensive and advanced payment solutions that add value,...
Salik joins United Nations Global Compact, reinforcing commitment to sustainable business practices
Business & Money | Friday 19 July, 2024 12:44 am
Salik Company PJSC (Salik), the exclusive toll gate operator of the Emirate of Dubai, has taken a significant step forward in its sustainability journey. The company has joined the United Nations Global Compact, the world's largest corporate sustainability initiative. By aligning with the United...
PIF launches 3 new renewable energy JVs
PIF launches 3 new renewable energy JVs
Wednesday 17 July, 2024 11:09