Business & Money | Tuesday 12 November, 2024 8:47 am

NHC inks real estate deals worth above SAR50B

The National Housing Co. signed today, Nov. 11, agreements with 23 local and international real estate developers, at a total value of more than SAR 50 billion, on the sidelines of the Cityscape Global exhibition. The agreements aim to build and develop 62,000 housing units in Khazam,...

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Business & Money | Monday 11 November, 2024 1:00 pm

Arabian Drilling, Aramco extend land rig contract for SAR 440M

Arabian Drilling Co. (ADC) extended a long-term contract for one of its Saudi Aramco land rigs for SAR 440 million. The extension is for 10 years starting from the expiration of the current contract during the fourth quarter of 2024, the company said in a statement to Tadawul. There are...

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Business & Money | Sunday 10 November, 2024 12:42 pm

Jabal Omar sells land plot for SAR 659.9M

Jabal Omar Development Co. sold on Nov. 7 a land plot in its Makkah-based project spanning 3,881 square meters (sq m) for SAR 659.9 million, the company said in a Tadawul statement. The transaction parties are Jabal Omar and Musharaka Capital, the statement said, adding that the asset book...

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Business & Money | Sunday 10 November, 2024 12:09 pm

TDF at World Travel Market Reinforces Kingdom's Position as Leading Global Tourism Hub

The Tourism Development Fund (TDF) concluded its participation in the World Travel Market, in London, reinforcing Saudi Arabia's position as a leading global tourism hub, having highlighted the vast investment opportunities in the Kingdom's tourism sector, a TDF press release said today. Over...

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Business & Money | Sunday 10 November, 2024 12:06 pm

EY explores how economic expansion drives tax transformation in KSA

 EY hosted the KSA Annual Tax and Zakat Seminar 2024 in Riyadh, Jeddah and Al Khobar with the aim of guiding Saudi businesses in navigating the Kingdom’s evolving tax landscape. The latest edition of the event provided an overview of the significant developments in the Saudi tax system that...

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Business & Money | Sunday 10 November, 2024 10:20 am

Saudi Arabia on verge of promising industrial future: Minister

Bandar Alkhorayef, Minister of Industry and Mineral Resources, said Saudi Arabia is on the cusp of a promising industrial future inspired by the Fifth Industrial Revolution to boost global competitiveness and create a sustainable industrial environment. Entrepreneurship is a crucial pillar of...

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Business & Money | Sunday 10 November, 2024 10:10 am

SPARK signs 5 letters of intent worth SAR 3B

King Salman Energy Park (SPARK) signed five letters of intent with prominent sector players at ADIPEC 2024. Totaling over SAR 3 billion in value, the agreements are set to create over 3,000 direct and indirect jobs at maturity. The five letters of intent with the following industry-leading...

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Business & Money | Saturday 9 November, 2024 9:28 pm

Ajdan Real Estate Development Announced as Diamond Sponsor of Cityscape Global 2024 in Riyadh

Ajdan Real Estate Development has announced its role as the Diamond Sponsor of Cityscape Global 2024, the region’s premier real estate event, taking place at the Riyadh Exhibition & Convention Center - Malham, from November 11 to 14, 2024. Organized by Tahaluf, Cityscape 2024 will showcase...

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Business & Money | Saturday 9 November, 2024 6:16 pm

Saudi EXIM, Glencore sign $300M credit facility agreement

The Saudi Export-Import Bank (Saudi EXIM) signed a $300 million credit facility agreement with Glencore, one of the world's largest commodity production and marketing businesses.   In an emailed statement to Argaam, EXIM said this agreement aims to empower Saudi non-oil exports to...

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Tourism & Hospitality | Saturday 9 November, 2024 6:14 pm

Riyadh Season welcomes 4M visitors in less than a month

Turki Al Al-Sheikh, Chairman of the General Entertainment Authority (GEA), announced the success of Riyadh Season 2024, attracting four million visitors in less than a month since its launch. This achievement reflects the significant interest from both local and international...

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