Friday, 23 April, 2021 - 10:00
Prince Faisal bin Salman reviews the models of the mega projects expected in Madinah. (Asharq Al-Awsat) Riyadh - Asharq Al-Awsat
The Governor of the Madinah region, Prince Faisal bin Salman bin Abdulaziz, inaugurated a number of projects in the Knowledge Economic City (KEC) and witnessed the signing of a number of contracts and agreements for the development of commercial, residential, tourism and entertainment projects.
The contracts included a tripartite agreement between the Saudi Tourism Development Fund (TDF), Riyadh Bank and the KEC to finance Phase 1 of the project, which will be implemented with the support of the Madinah Region Development Authority.
RIYADH: Knowledge Economic City has agreed to borrow SR782 million ($209 million) from the Saudi Tourism Development Fund and Riyadh Bank for the development of the Knowledge City Hub project in Madinah. The financing, which covers 79 percent of the project development cost, will be repaid over 13 years with collateral in the form of plots of land from the company’s land
Dubai: Saudi Arabia’s Tourism Development Fund (TDF) in cooperation with Riyadh Bank will finance 1.3 billion Saudi riyals ($346.7 million) project in Medina aimed at capitalising on the tourism potential of the holy city, state Saudi Press Agency (SPA) said.
The fund signed an agreement with the Knowledge Economic City and Riyadh Bank to finance the development of the “Knowledge City Forum” project, a 68,000-square-metre tourism complex in Medina, making it among the biggest qualitative tourist projects in the holy city.
The multi-purpose project will include a five-star hotel that will be operated by a renowned world trademark, in addition to several tourist and entertainment facilities, shopping malls, restaurants and coffee shops, which will enrich the experience of tourists in the area.
Thursday, 15 April, 2021 - 09:15 An illustration picture shows a projection of binary code on a man holding a laptop computer, in an office in Warsaw June 24, 2013. (Reuters) Dubai - Asharq Al-Awsat
Major Gulf stock markets closed higher on Wednesday, with the rise in oil prices after a revised forecast of demand for crude, while the Egyptian Stock Exchange was hit by selling in the leading stocks.
The International Energy Agency said it expected the demand and global oil supplies to be balanced in the second half of the year, adding that producers might need to pump an additional two million barrels per day to meet the expected demand.
Domestic pilgrims up to age of 70 allowed to perform Umrah March 17, 2021
Saudi Gazette report
RIYADH The Ministry of Hajj and Umrah announced that domestic pilgrims between the ages of 18 and 70 will be allowed to perform Umrah, saying this is in line with the directives issued by the Ministry of Health as part of precautionary measures and preventive protocols to stem the spread of coronavirus.
It said that beneficiaries of Eatmarna application can repeat the Umrah after the expiry of the current permit. A new permit can be issued at the earliest available opportunity in the event of canceling the previous permit. “As per the current regulation, booking can be made for the issuance of the Umrah permit every 15 days. It is possible to make the booking on a daily basis through the application and the transportation service is optional,” the ministry said.