Initial estimates on foreign tourist purchases in London during this summer season are estimated to be worth £4 billion. Official statistics have not yet been disclosed. The contribution of Arab citizens to this figure is estimated to be worth £1.3 billion, says the British Commercial Association. The average spending of a Saudi tourist reached about […]
The Ministry of Health is to seek private sector’s cooperation in serving the increasing number of dialysis patients in the Kingdom. According to Aqeel Al-Ghamdi, undersecretary to the Ministry for Hospital Affairs, the ministry has allocated SR1.9 billion for this national project, which is geared to solicit private sector cooperation in purchasing equipment and offering […]
JEDDAH – As a significant volume of new prime office space starts to enter the Riyadh market, particularly at King Abdullah Financial District (KAFD), and the overall occupancy rate starts to rise, rental rates in general have started to edge downwards and incentives have started to become more widespread, according to the latest Saudi Arabia […]
The structural plan for the Makkah Gate project that was recently approved by Makkah Gov. Prince Khaled Al-Faisal will be implemented in four stages over 20 years, said Osama Al-Bar, Makkah mayor and chairman of the board of directors at the Makkah Gate Company. He said that 70 percent of the project is located inside […]
Work to set up a computer system to exchange data underway: Official The Gulf Cooperation Council (GCC) is headed towards a unified tourist visa as early as 2014, according to a senior official with the committee. “The GCC is currently striving to set up a computer system to exchange data in order to facilitate the […]
JEDDAH – The total investment in Kuwait’s water sector between 2005 and 2014 stands at $5.28 billion, Kuwait Financial Centre (Markaz) said recently in its report on the country’s water sector. Highlighting the demand, supply and investment trends in the sector, the report noted that water treatment plants saw highest investment at $3.4 billion. In 2010 […]
Muscat – The proposed freight rail network linking Salalah port and Buraimi might bypass Muscat governorate as per a new plan proposed by the Ministry of Transport and Communications (MoTC). The new project consultant will look into this proposal,” said H E Dr Ahmed bin Mohammed bin Salim al Futaisi, Ministry of Transport and Communications […]
Water and Electricity Minister Abdullah bin Abdulrahman Al-Hossein has recently signed 22 contracts for the implementation of water and sanitation projects in different parts of the Kingdom at an overall cost of SR394 million. Saudi Arabia falls under the category of countries with water scarcity problems and several water and sanitation projects are under progress […]
JEDDAH – Strong economic and demographic growth associated with rapid urbanization has led to an increase in energy demand to meet rising electricity and desalinated water needs in the Middle East and North Africa (MENA) region, the International Renewable Energy Agency (IRENA) and Renewable Energy Policy Network for the 21st Century (REN21) said in their […]
The Ministry of Housing signed contracts worth SR4 billion on Sunday to develop eight residential districts in different parts of the Kingdom to build around 40,000 homes. Housing Minister Shuwaish Al-Duwaihi said 26 million square meters of plots would be developed in Jeddah (1/2), Madinah, Dammam (North and South), Al-Ahsa, Qatif, Tabuk and Al-Kharj under […]