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King Salman given update on progress of Red Sea Project
December 13, 2018

RIYADH: King Salman received a team from The Red Sea Development Company, led by CEO John Pagano, at Al-Yamama Palace in Riyadh on Wednesday
The team gave the king and Crown Prince Prince Mohammed bin Salman a progress report on the ambitious tourism and leisure project.
Pagano gave a presentation detailing the master plan for the Red Sea Project and its economic and developmental objectives, which aim to establish it as a leading global destination in"...

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Saudi Investment Authority participates in ArabNet Riyadh conference²
December 13, 2018

RIYADH: The Saudi Arabian General Investment Authority participated in the ArabNet Riyadh 2018 Conference held in Riyadh, under the theme of “Rise of the Innovation in the Kingdom,” which started on Wednesday.

The participation included a presentation on the most significant investment opportunities in digital business, to business leaders, entrepreneurs and investors.

The presentation explained the role of the authority in providing"...

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Saudi Arabia moving fast toward achieving its Vision 2030 goals’
December 13, 2018

RIYADH: The Saudi economy is standing strong and it is supported by a competitive environment, said a senior official of the Saudi Arabian General Investment Authority (SAGIA).
Dr. Ayedh bin Hadi Al-Otaibi, deputy governor of investment climate, was speaking at the Sixth Saudi Trade Finance Summit, which began on Wednesday in Riyadh.
Al-Otaibi delivered a speech on “Unlocking the potential of the Arab world’s largest economy” in which"...

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Virgin Megastore opens its 5th branch in Jeddah
December 13, 2018

VIRGIN Megastore celebrated the opening of its latest branch in Mall of Arabia, marking their 5th store in Jeddah city, and 11th across the Kingdom. a massive crowd of VIPs, media, bloggers and social media influencers; among them was Dr. Musallam Bin Musallam, the Chairman & CEO of Ayan, and the majority shareholder at Virgin; Ahmed Bin Zagr, a contributing partner; and Saifudin, Usher of the Saudi Consulate General of Britain.

Guests were offered"...

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US group NESR to build hitech facility in Saudi Arabia
December 13, 2018

National Energy Services Reunited Corporation (NESR), a leading provider of integrated energy services in the Middle East and North Africa (Mena) region, said it has signed a land lease agreement with Saudi Aramco to build a state of the art operating facility in the newly launched King Salman Energy Park (Spark).

A major player in the regional oilfield services, NESR is headquartered in Houston,"...

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Social Development Bank, Al Yusr sign financing deal
December 13, 2018

THE Social Development Bank and Al Yusr Leasing and Financing Company, in the presence of Small & Medium Enterprises General Authority “Monsha’at”, signed a strategic financing agreement under which Al Yusr will provide its financing services in accordance with the initiative of indirect lending to small and medium enterprises (SMEs).

The initiative, launched recently by Monsha’at, in cooperation with Local Content and Private"...

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flyadeal receives its 9th brand new A320 aircraft ‘AlZawraq’
December 13, 2018

flyadeal, the Kingdom of Saudi Arabia’s Everyday Low Fares airline, maintains its momentum by continuing to rapidly expand its fleet. It recently welcomed its ninth brand-new leased Airbus A320, which arrived in Jeddah from the Airbus plant in Toulouse, France. This is the first of three brand new aircraft that will join the fleet in the next few weeks.

The new aircraft is named “AlZawraq” (The Boat), after one of the brightest stars"...

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Saudi Customs seeks efficiency on delivery of goods to clients
December 13, 2018


SAUDI Customs is participating as a Strategic Partner in the 2nd edition of the three-day E-commerce World Expo, taking place at the Faisaliah hotel in Riyadh. The gathering concluded Dec. 12, 2018.

Held under the patronage of the Ministry of Communications and Information Technology, seeks mo3Saudi Customs’ participation shed light on their significant role in facilitating and supporting the growth and development of e-commerce in the Kingdom"...

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Elaf property wins 'Luxury Architecture Design Hotel' award
December 13, 2018

Saudi-based Elaf Group said its key property in Jeddah, Hotel Galleria, has won the 'Luxury Architecture Design Hotel' at this year's edition of the World Luxury Hotel Awards, a premier global event recognizing luxury hotels for their world class facilities and service excellence provided to guests.

The award further consolidates the Elaf Group's leading position across Saudi Arabia's thriving tourism segment and recognizes Hotel Galleria's"...

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National Energy Services Reunited to build new Saudi facility
December 13, 2018

National Energy Services Reunited Corporation (NESR), a leading provider of integrated energy services in the Middle East and North Africa (Mena) region, said it has signed a land lease agreement with Saudi Aramco to build a state of the art operating facility in the newly launched King Salman Energy Park (Spark).

Spark is a 50-sq-km energy city which will position Saudi Arabia as a global energy, industrial and technology hub.

Saudi Aramco"...

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