Business & Money | Wednesday 13 December, 2023 10:09 am

Al Akaria’s subsidiary wins SAR 532.1M contract from DGDA

Saudi Real Estate Co.’s (Al Akaria) subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), won a contract worth SAR 532.05 million (VAT inclusive) from the Diriyah Gate Development Authority (DGDA), according to a statement to Tadawul.   The real estate developer said that the...

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Business & Money | Tuesday 12 December, 2023 9:10 am

Samana Developers Delivers Dh100 Million Samana Golf Avenue Project in Dubai Studio City

Samana Developers, the fastest-growing real estate developer in Dubai, celebrated a momentous occasion on December 7, 2023, with the official handover ceremony of the Dh100 million Samana Golf Avenue project in Dubai Studio City.The event, graced by the presence of Mr Marwan Bin Ghalita, CEO of the ...

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Business & Money | Tuesday 12 December, 2023 9:05 am

PIF sets up Dan Company to specialize in agri, ecotourism

The Public Investment Fund (PIF) announced today, Dec. 11 the establishment of Dan Company, specializing in agritourism and ecotourism. The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes.   Dan aims to...

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Business & Money | Tuesday 12 December, 2023 9:03 am

First Mills pays SAR 6.3M fine for GFSA

First Milling Co. (First Mills) said it paid, on Dec. 11, SAR 6.3 million fine to the General Food Security Authority (GFSA) regarding the lawsuit filed by the authority against the company for the violations arising from the implementation of the provisions of the Flour Mills Law. The step...

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Business & Money | Tuesday 12 December, 2023 9:01 am

Saudi Arabia tops G20 in growth of foreign tourists in 9M 2023

Saudi Arabia topped the G20 countries in terms of growth in number of international tourists, rising 50% in the first three quarters of 2023 compared to the same period in 2019.   The Kingdom came in second place globally in terms of the growth rate of international tourists...

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Business & Money | Monday 11 December, 2023 10:11 am

Rents to be accepted only via Ejar from Januray: REGA spokesman

The spokesman for the Real Estate General Authority (REGA), Tayseer Al-Mufarrej, revealed that as of January, rents will only be accepted via Ejar platform. In an interview with Al-Arabiya TV channel, Al-Mufarrej pointed out the step aims...

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Business & Money | Monday 11 December, 2023 10:09 am

Sharakat program helped building 160,000 housing units: Vice-Minister

The Ministry of Housing’s partnership with the private sector (Sharakat) helped building over 160,000 residential units at total investments of SAR 100 billion, CNBC Arabia reported, citing Abdullah AlBudair, Vice-Minister at Ministry of Municipal, Rural Affairs and...

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Business & Money | Monday 11 December, 2023 9:52 am

NDMC concludes arranging syndicated international loan worth $11B

The National Debt Management Center (NDMC) completed the arrangement of a syndicated international loan worth $11 billion.   A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan, NDMC said in a statement...

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Business & Money | Monday 11 December, 2023 9:37 am

Bab Rizq Jameel is Gearing Up for its Virtual Job Fair 2023

Bab Rizq Jameel, a company that is a part of Community Jameel Saudi, is gearing up to host a Virtual Job Fair between 17-21 December. The objective of the fair is to connect organizations in search of outstanding Saudi talent, freelancers, and other job seekers across various sectors. This...

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Business & Money | Monday 11 December, 2023 9:32 am

NWC Awards SAR 2.18 Billion Heet and AlHayer Treatment Plants Long Term O&M Contract to AlKhorayef Company

The National Water Company (NWC) announced that it has awarded a Long-Term Operation and Maintenance (LTOM) contract for the rehabilitation, operation and maintenance of sewage treatment plants (STPs) in Heet and AlHayer, Riyadh, to Alkhorayef Water and Power Technologies Company (AWPT). The...

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