Business & Money | Monday 8 April, 2024 6:23 am

MODON attracts investments worth SAR 14.45B in 2023

The Saudi Authority for Industrial Cities and Technology Zones (MODON) issued its annual report for 2023, which reviews the authority’s key achievements, most prominent works, initiatives and development projects to achieve sustainable industrial development and attract local and foreign...

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Business & Money | Monday 8 April, 2024 6:20 am

Saudi Arabia's real estate deals hit 1.03M in Q1 2023

The number of real estate transactions stood at 1.03 million in the first quarter of 2023, the Saudi Justice Ministry's data showed.   According to the ministry's data, the real estate transactions included registrations, compensations, amendments to old deeds, and...

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Business & Money | Sunday 7 April, 2024 7:52 am

Diriyah Gate delays evacuating properties in some neighborhoods

The Diriyah Gate Development Authority delayed the evacuation of vacated properties in Al Faisaliyyah neighborhood and some neighboring places within the scope of Diriyah Gate.   The remaining neighborhoods, Al-Nakheel, Al-Khuzama and Arqa, will be dealt with in accordance with the...

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Business & Money | Sunday 7 April, 2024 7:50 am

GCC funds in talks to acquire distressed Chinese developers: Paper

GCC investment funds are in talks to acquire distressed real estate development companies in China, capitalizing the Chinese government’s incentives and the real estate prices that hit their lowest level, Al Eqtisadiah newspaper reported, citing informed sources.   Independent...

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Business & Money | Sunday 7 April, 2024 7:48 am

IBM starts preparations for new center in Riyadh

US-based IBM started preparations for its new software development center in Riyadh, under the management of Gaya Magie, who relocated to Saudi Arabia to lead the new center, Al-Eqtisadiah newspaper reported.   Ayman AlRashed, Regional Vice President of IBM Saudi...

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Business & Money | Sunday 7 April, 2024 7:46 am

Industry, Investment Ministries invite miners to register for Mining Exploration Enablement Program

The Ministry of Industry and Mineral Resources and the Ministry of Investment invite mining companies and explorers worldwide to register for the Mining Exploration Enablement Program, as part of the Kingdom's efforts to enhance and develop the mining sector and transform it into the third pillar...

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Business & Money | Sunday 7 April, 2024 1:44 am

Azizi Developments partners with Zoomlion for supply of high-end mobile and tower cranes

Azizi Developments, a leading private developer in the UAE, has partnered with Zoomlion, the renowned manufacturer of construction machinery and agricultural machinery, for the supply of 20 premium mobile and tower cranes.Originally established in 1992 in Changsha, Hunan, China, Zoomlion is...

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Business & Money | Saturday 6 April, 2024 7:41 am

A Delegation from the Russian Institution "Sirius" Visits Hamdan bin Rashid Al Maktoum Foundation to Enhance the Global Talent Sector

Dr. Khalifa Al Suwaidi, Secretary-General and CEO of Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences, received a Russian delegation from The Educational Foundation “Talent and Success” and "Sirius" Russian institution, led by Ms. Elena Shmeleva, Chairman of the...

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Business & Money | Saturday 6 April, 2024 7:36 am

CEO of Thakher Development: We Anticipate that Makkah Will Host 30 Million Umrah Performers Annually Before 2030

Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, stated that he anticipates Makkah will host 30 million Umrah performers annually by 2030.   Al-Aboudi made these remarks during his participation in a panel discussion at the second edition of the...

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Business & Money | Saturday 6 April, 2024 7:30 am

ROSHN to Collaborate with Google Cloud to Unlock the Power of AI

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has signed an agreement with Google Cloud that seeks to leverage artificial intelligence (AI) to transform how it uses and benefits from data analysis.  The collaboration will see Saudi...

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