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NEOM’s target is to generate $100 billion of income in a year
Saudi Arabia's mega business, NEOM, will focus on 16 economic divisions, which will likely generate around $100 billion in revenue annually, upon reaching an advanced stage of the project’s development. “These proceeds will be
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12-screen cinema to open in Jeddah by end of year
The Red Sea Mall will have the primary film to open in Jeddah following the choice in December 2017 by the General Authority for Audiovisual Media (GCAM) to revive films in the Kingdom. Mohammed Al-Asiri, the mall’s marketing manager,
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Saudi Arabia expects to attract $427bn in investments by 2030
Saudi Arabia expects to attract investments of more than 1.6 trillion riyals ($427 billion) by 2030 in its push to boost industry, Energy Minister Khalid Al-Falih said on Thursday, according to state TV al-Ekhbariya. “The programme to
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Heavy rain hits parts of Saudi Arabia Wednesday evening
Heavy rain, accompanied by thunderstorm, hit many regions across the Saudi Arabia Wednesday evening. The vehicular traffic was disturbed and
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King Salman receives leaders of Lebanon, Bahrain, Gabon and Senegal
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received Lebanese Prime Minister Saad Hariri at Al-Yamamah Palace in
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Pakistani PM Imran Khan thanks kingdom for economic support
Pakistani Prime Minister Imran Khan thanked Saudi Arabia for providing economic support for his country.
Read MoreSaudi conjoined twins to be separated today
It has been decided to separate the Saudi Siamese twins Sheikha and Shumukh at King Abdullah Specialist Children’s Hospital in King Abdul Aziz Medical City on Thursday, in accordance with the directives of King Salman and Crown Prince Mohammed
Read More25 mega deals worth $50bln signed in Saudi Arabia
Crown Prince Muhammad said he was satisfied with the Future Investment Initiative conference as he toured the venue. Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, joined global leaders and business influencers from
Read MoreSaudi Arabia Ranks 2nd In Road Connectivity Index
Saudi Arabia has been ranked second on the Road Connectivity Index, right after the US, in the World Economic Forum’s (WEF) Global Competitiveness Report (GCR) 2018. Also, the report indicated that the kingdom was now positioned 30th worldwide
Read MoreMore Saudi sectors opened to foreign investment
Saudi Arabia’s Cabinet has approved changes to the kingdom’s foreign investment rules covering the service sector. The amendments, approved on Tuesday, will see recruitment, audio and video, road transport and real estate brokerage
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