Lucrative prospects of Saudi Arabia’s thriving real estate market
The Kingdom of Saudi Arabia, with its rich cultural heritage and booming economy, is not only a global economic powerhouse but also a promising hub for real estate investments. In recent years, the Saudi Arabian real estate sector experienced remarkable growth, driven by various factors such as government initiatives, urbanization, and a growing population. With […]
Saudi Fund for Development inks a USD 10Mln Loan Agreement
The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed the first development loan agreement worth $10 million in SFD’s headquarters in Riyadh with Hon. Isaac Chester Cooper, Deputy Prime Minister and Minister of The Bahamas Ministry of Tourism, Investments & Aviation. The agreement involves the construction of business incubation centers across […]
SFD and Guyana sign two loan agreements worth USD150 Million
In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and HRH Crown Prince and Prime Minister, Mohammed bin Salman; and in the presence of H.E. President of the Co-operative Republic of Guyana, Dr. Mohamed Irfaan Ali; the Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan […]
‘Souq7, The Next Breakthrough project in Jeddah, Saudi Arabia’: Ayman Al Burti of Azad Properties
A country with a population of just over 36 million, Saudi Arabia is the eighteenth largest economy in the world. With a GDP of over USD 833.54 billion, Real Estate is said to be the second-largest revenue generator. As per the 2021 reports, real estate contributed 40,000 jobs and around USD 103 billion to the […]
American Express Saudi Arabia signs partnership with Bank AlJazira for ATM network
American Express Saudi Arabia, and Bank AlJazira has successfully signed a new partnership agreement to provide American Express Cardmembers access to over +600 ATMs across the Kingdom. The agreement supports American Express Saudi Arabia’s commitment towards expanding the number of locations in which its Cardmembers can access its services. By allowing the access to ATM […]
SA to enter the top 5 global markets for ManageEngine
ManageEngine, the enterprise IT management division of Zoho Corporation, today announced that the Kingdom of Saudi Arabia (SA) is poised to enter the top five biggest markets worldwide for the company within the next three years. Already its biggest market in the Middle East and North Africa (MENA) region, ManageEngine Saudi registered a 40 percent […]
Krohne boosts the CX Excellence across the GCC
KROHNE Group, a leading global manufacturer of process instrumentation, measurement solutions, and services, is proud to recently announce an expansion of its service team across the GCC region. The Industry sources added that recent new hires have been made to bolster the high standards of service and expertise the 100-year-old company’s discerning client base expects […]
Air Arabia posts record 2022 net profit of AED 1.2 billion
Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, recently announced historic financial results for the full year ending December 31, 2022, almost doubling the profit and passengers’ numbers of the previous year, as the airline continued with its growth plans, delivering remarkable financial and operational […]
Eurasian Resources Group invests in the Kingdom of SA for the long term
Following the World Economic Forum (WEF) held in Davos last week and the agreements achieved at the Future Minerals Forum in Saudi Arabia (SA), Eurasian Resources Group (“ERG” or “The Group”) discloses its intention to invest in the Kingdom for the long term. A leading diversified natural resources group headquartered in Luxembourg, ERG plans to […]
YOTEL declares that NEOM’s Oxagon will house its first hotel in the SA
YOTEL – a global hospitality brand known for challenging the status quo – announces its first hotel signing in Saudi Arabia (SA). Scheduled to open in 2025, the YOTEL property will also be the first hotel to open in Oxagon, which will be the home of advanced and clean industries in NEOM. “Oxagon’s ambition to […]
