News tagged "Vision 2030"

Delegation of ambassadors visit Neom super city project

Delegation of ambassadors visit Neom super city project

23rd July 2019

According to *Constructionweekonline news report, a delegation of ambassadors accredited to Saudi Arabia visited the 26,500km2 construction site of the futuristic Neom super city project – which is being developed by the kingdom’s Crown Prince Mohammed Bin Salman-led Public Investment Fund as part of the Vision 2030 mandate – to understand how companies and individuals can work at Neom.[..]

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Saudi Arabia expands mandate of its US$ 28 Bn industrial fund

Saudi Arabia expands mandate of its US$ 28 Bn industrial fund

12th July 2019

According to *Arabian Business news report, Saudi Arabia expanded the mandate of its SAR 105 billion  ($28 billion) industrial fund to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries.[..]

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Mining to be third pillar of Saudi Arabia’s economy

Mining to be third pillar of Saudi Arabia’s economy

8th July 2019

According to *ME Construction News report, Volker Hellberg, CEO of thyssenkrupp Industrial Solutions – KSA, told MECN that the company is shifting its focus away from cement in the Kingdom towards mining, a strong pillar of the Kingdom’s Vision 2030.[..]

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Enoc to open 124 services stations in Saudi Arabia

Enoc to open 124 services stations in Saudi Arabia

29th May 2019

According to *Constructionweekonline news report, government of Dubai-owned Emirates National Oil Company (Enoc) will open 124 services stations in Saudi Arabia as part of its focus on the kingdom's Vision 2030 economic diversification mandate to meet increasing fuel demand in the kingdom, which had a population of almost 33 million in 2017, with the company stating that its growth would create 500 jobs in Saudi Arabia.[..]

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Turki Al Shehri named CEO of France's Engie in Saudi Arabia

Turki Al Shehri named CEO of France's Engie in Saudi Arabia

20th May 2019

According to *Constructionweekonline news report, French energy services giant Engie – which recently acquired Middle East facilities management company Cofely Besix FM and renamed it Engie Cofely – has appointed Turki Al Shehri, a former employee of Saudi Aramco and the Saudi Arabian Ministry of Energy, Industry, and Mineral Resources’ Renewable Energy Project Development Office (Repdo), as its chief executive officer for its Saudi Arabian office amid local expansion plans in line with Vision 2030.[..]

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Seven unveils seven entertainment development projects in Saudi Arabia

Seven unveils seven entertainment development projects in Saudi Arabia

3rd May 2019

According to *Constructionweekonline news report, Saudi Entertainment Ventures (Seven), a subsidiary of Saudi Arabia’s Crown Prince HRH Mohammed Bin Salman-led Public Investment Fund (PIF), has unveiled seven entertainment development projects, including a theme park and three cinemas, to be constructed in the kingdom as the country's Vision 2030 economic diversification mandate continues to move future revenue sources away from oil.[..]

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Demand for Jeddah’s residential sector expected to gain momentum, says JLL

Demand for Jeddah’s residential sector expected to gain momentum, says JLL

8th April 2019

According to *MENA Herald news report, with the Saudi government’s ongoing commitment to boosting home ownership amongst local residents, demand for Jeddah’s residential sector is expected to gain momentum, highlights JLL’s Q1 Jeddah Real Estate Market Overview report, launched at Cityscape Jeddah today.  This comes as the Kingdom aims to increase the real estate sector’s contribution to GDP to 10% by 2020, up from 5%.[..]

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