US$4.4 Billion (SAR 16.5 BN) Worth Of Investments Announced In Saudi Construction And Housing Sector

Investment includes strategic partnership to introduce modern and rapid construction methods to Saudi Arabia, creating 15,000 jobs Two major real estate construction contracts signed to build 15,000 houses and create more than 4,000 jobs Investments from United States and China reflect opportunities for international companies in Saudi housing sector   Riyadh, 25th October: The Saudi…

USD $800 Million (Sar 3.0 Bn) Partnership Agreed To Build New Network Of Schools In Saudi Arabia

•       First investment of its kind in Saudi Arabia, representing landmark deal in opening up Saudi education sector to foreign investment •       Agreement signed on the sidelines of FII between GEMS Education and Hassana Investment Company •       Network of schools will provide places for up to 130,000 students and employment opportunities for 16,000 people  …

NMC Health and Hassana Investment Company Sign MoU to Target Investments Valued up to SAR 6 Billion Over Next 5 Years in Saudi Healthcare Sector

The proposed JV is expected to employ up to 10,000 employees over next 5 years Deal signed on the sidelines of the Future Investment Initiative (FII) 2018 in Riyadh   RIYADH, October 24, 2018 – NMC Health (NMC), a London-listed international private healthcare operator with operations across 17 countries, and Hassana Investment Company (Hassana), the…

Saudi Arabia To Transform Hajj With Cutting-Edge Technology

Ministry of Hajj and Umrah signs MoU with technology leader SAP to develop cloud-based solutions In a separate ceremony, the Ministry also signed an MoU with leading multinational Cisco to enhance the Ministry’s digital infrastructure  Together the MoUs will help develop cloud-based solutions and enhance digital infrastructure to transform the pilgrim experience supporting crowd management,…

Moody’s Affirms Saudi Arabia’s A1 Rating, Maintains Stable Outlook and Raises GDP Growth Forecasts for Saudi Economy

 RIYADH, Oct 18, 2018 – Moody’s Investors Service (“Moody’s”) affirmed the Kingdom’s A1 rating with a stable outlook and raised its GDP growth forecasts for the period (2018-2019) to 2.5% and 2.7%, respectively, instead of its previous expectations of 1.3% and 1.5% for the same period reported in April this year. The Saudi Ministry of Finance…

Saudi Tourism Commission Participates in GITEX for First Time, Highlights Plans to Promote Tourism in Kingdom Through Smart Technology

RIYADH, Oct 15,​ 2018 – GITEX, the annual technology event that takes place in Dubai, has expanded this year with the participation of Saudi Commission for Tourism and National Heritage (SCTH). The fair started at the Dubai World Trade Centre on October 14 and will continue until October 18. The Tourism Commission, represented at the…