Prince Fahd bin Sultan bin Abdulaziz, Governor of Tabuk Province, inaugurated today the operational phase of the city’s public bus transport project. According to SPA, the operation includes a modern urban transport network covering five main routes spanning 136 kilometers. The network will...
Work is underway to expand the coverage of public transport projects to include most medium and large cities in Saudi Arabia, Rumaih Al-Rumaih, Deputy Minister of Transport and Logistics and Acting President of the Public Transport Authority, told News 24. Speaking after the launch of the...
Minister of Industry and Mineral Resources, Bandar Alkhorayef, said the localization of the aviation industry is a top priority in the Kingdom’s Vision 2030 and aligns with the objectives of the National Industrial Strategy. He added that the move is aimed at strengthening national...
Emirates, the world’s largest international airline, is set to launch a daily non-stop service between Dubai and Hangzhou from 30th July. The airline’s latest expansion into Hangzhou makes the city its fifth gateway into the Chinese mainland after Beijing, Guangzhou, Shanghai, and...
The Federal Tax Authority (FTA) has issued a new public clarification regarding Corporate Tax on the tax treatment of investors in a Real Estate Investment Trusts (REITs) who are exempt from Corporate Tax as a Qualified Fund. The general clarification can be found by clicking the link: Tax...
The UAE, represented by the Ministry of Finance, has hosted the first-ever BRICS event in the country, the BRICS Finance Track Working Group Taskforce on Public-Private Partnership and Infrastructure (TFPPPI). The meeting, held from 5th to 6th May in Abu Dhabi, brought together senior...
Abu Dhabi Developmental Holding Company PJSC (ADQ), an active sovereign investor focused on critical infrastructure and global supply chains, has announced the successful pricing of a US$2 billion bond. The issuance marks ADQ’s third offering in international debt capital markets and...
Dubai Electricity and Water Authority (DEWA) enhances the resilience and efficiency of Dubai's smart network through its Distribution Network Smart Centre (DNSC), enabling advanced features such as the upgrade of automatic decision-making capabilities. The smart centre accelerates DEWA's...
DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced the appointment of Ali & Sons Contracting Company – Sole Proprietorship LLC to spearhead the second phase of Uptown Dubai's transformative development. Ali & Sons...
Alkhorayef Water and Power Technologies Co. (AWPT) was awarded, on May 5, a contract to supply, install, test, and commission pumps and variable frequency drives (VFDs) in Jazan Region, with National Water Co. (NWC), for SAR 85.95 million, not including VAT. The contract is valued at SAR 85.95 ...