Alinma Jeddah Economic City Fund has secured Shariah compliant financing of up to SR3.6 billion from Alinma Bank recently.
Formulating the financial model of the project with Alinma Bank was finalized based on a financing strategy that fulfills the project’s needs in accordance with the...
Minister of Labor Mofrej Al-Haqbani admitted on Tuesday that the ministry has failed to implement Saudization in some sectors.
He attributed this mainly to the lack of coordination and non-involvement of some agencies.
He made the remarks after launching an awareness program for the newly...
Test runs have proved that there is no need to change the present track of Haramain high speed railway that links the holy cities of Makkah and Madinah via Jeddah.
“Not any of these tests have showed the need to change the track of Haramain rail,” a senior official of the Saudi...
NWC has implemented a series of development projects in Makkah as part of its strategic plans to develop the infrastructure and increase the operational efficiency of both the water and environment services sectors in line with the highest quality and performance standards. All these projects are...
Tata Consultancy Services, (NSE: TCS; BSE: TCS) along with its partners Saudi Aramco and GE (NYSE: GE), today celebrated the 2nd year anniversary of its Riyadh All-Women Center for Business Process and IT Services and the milestone of hiring 1,000 highly skilled employees.
The second...
Trade Ministers from South Africa and Saudi Arabia jointly inaugurated the Bokpoort Concentrated Solar Power (CSP) Project, which has been developed by a consortium led by ACWA Power in the Northern Cape Province of South Africa, marking the official launch of the R5 billion project.
South...
Boehringer Ingelheim announced today the opening of its new offices in Jeddah. Expanding its presence in the Kingdom, this new office opening marks a major milestone in the long established partnership between Boehringer and Cigalah offering international quality therapies.
This...
The Cabinet on Monday thanked Custodian of the Two Holy Mosques King Salman for supporting education efforts in the Kingdom, including the inauguration of the Riyadh International Book Fair, which involves over 500 publishers with about 1.2 million titles.
The Cabinet welcomed the recommendations...
The government plans to spend SR2 billion to enhance water security in Makkah region.
This is according to Makkah Gov. Prince Khaled Al-Faisal, who made the announcement at a meeting recently of the Holy Sites Development Authority, according to a report in a local publication on Monday.
Prince ...
Hotel rooms starting at AED 1 million promise high return on investment
DAMAC Properties announced today the launch of a limited release of hotel rooms within the iconic AYKON City project to be centrally located on Sheikh Zayed Road in Dubai’s Golden Quadrant,...
