Business & Money | Wednesday 21 February, 2024 9:07 am

Soudah Development awards project management consultancy contract to Parsons

Soudah Development, a Public Investment Fund real estate development company, signed a contract today with Parsons Corporation (NYSE: PSN), in exchange of providing project management consultancy services for the development of Soudah Peaks Soudah Peaks, an upcoming year-round luxury mountain...

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Business & Money | Wednesday 21 February, 2024 9:06 am

NHC signs 6 agreement to develop 3,800 residential units in Riyadh

National Housing Co. (NHC) signed six agreements with real estate developers at a total value of more than SAR 2 billion to develop and build over 3,800 residential units.   According to NHC, the price of these units starts from SAR 475,000 in Al-Assalah Community, in the southwest...

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Business & Money | Wednesday 21 February, 2024 9:04 am

Saudi market draws SAR 400B foreign investments: El-Kuwaiz

The Saudi stock market drew foreign investments of nearly SAR 400 billion, said Chairman of the Capital Market Authority (CMA) Mohammed El-Kuwaiz.   In a panel discussion at the Saudi Capital Market Forum (SCMF) 2024, El-Kuwaiz said this figure represents nearly 12% of ...

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Business & Money | Tuesday 20 February, 2024 3:10 pm

SLS Expo to Unveil Cutting-Edge Tech & Futuristic Innovations in Gen Z Engagement

Recent findings from a pivotal advisory board meeting, hosted by dmg events, the premier international organizer of events in the Kingdom of Saudi Arabia, have illuminated a path of transformation for the nation's events sector. The meeting, convened in Riyadh, brought together luminaries from...

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Business & Money | Tuesday 20 February, 2024 12:59 pm

Lithuania brings ‘You are what you EAT’ approach to the Gulfood 2024

The Republic of Lithuania is bringing ‘You are what you E.A.T’ approach representing Exceptional, Advanced made and Tasty food to the latest edition of Gulfood, the world's largest annual food and beverage exhibition, taking place from 19-23 February 2024 at the Dubai World Trade...

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Business & Money | Tuesday 20 February, 2024 12:31 pm

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing

Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation,...

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Business & Money | Tuesday 20 February, 2024 10:17 am

RAKEZ offers dynamic business solutions for F&B industry at Gulfood

Ras Al Khaimah Economic Zone (RAKEZ) is at the annual Gulfood exhibition, the region’s largest F&B event, which is taking place at Dubai World Trade Center through 22 February. RAKEZ is dedicated to offering global investors complete business solutions for establishing and growing their...

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Business & Money | Tuesday 20 February, 2024 9:41 am

Balady Poultry pens SAR 26.3M contract with Chinese firm to set up feed plant

Balady Poultry Trading Co. (Balady Poultry) signed, on Feb. 19, a contract with China-based FAMSUN Group Co. Ltd. to establish a feed production plant, which will include three poultry feed production lines, at a total cost of $7 million or SAR 26.3 million. In a statement to Tadawul, the...

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Business & Money | Tuesday 20 February, 2024 9:40 am

Saudi Arabia ranks 1st on ESCWA’s government electronic and mobile services maturity index 2023

Saudi Arabia ranked first on the government electronic and mobile services maturity index (GEMS) 2023, issued by the UN Economic and Social Commission for Western Asia (ESCWA). The Kingdom maintained its leading position for the second consecutive time, with a maturity of 93%. ...

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Business & Money | Tuesday 20 February, 2024 9:24 am

Retal inks development management agreement in Riyadh at SAR 25M

Retal Urban Development Co. signed on Feb. 19, 2024, a development management agreement with Business Oasis Fund, managed by BlomInvest Saudi Arabia, at a total value of SAR 25 million excluding taxes.   Under the agreement, Retal will be appointed as a development manager for...

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