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Press Dossier   By Date  27/08/2024
$405m project to transform Riyadh's Qasr Al-Hukm
Two major state-owned and publicly listed companies have formed a partnership to oversee the development and management of key markets in downtown Riyadh. This collaboration marks a significant step in the city’s ongoing transformation.
Recent reforms to help Saudi Arabia achieve FDI target of $24bn in 2024
Saudi Arabia’s updated investment law and a slew of recent reforms could help the country achieve its goal of attracting foreign direct investments worth $24 billion this year, according to an analysis.
Kingdom’s petchem sector boosted by new digital platform
Saudi Arabia’s petrochemical sector has received a boost with the Ministry of Industry and Mineral Resources’ digital platform delivering over 100,000 tonnes of raw materials to local factories.
KSA secures key US deals to boost real estate development
Saudi Arabia’s housing sector has strengthened its international partnerships by signing five key agreements on real estate development and financing with major US companies.
Saudi , Ethiopia business body eye stronger ties
Saudi Arabia and Ethiopia are set to strengthen their economic ties with the establishment of a new business council for the 2024-2028 term, the Federation of Saudi Chambers announced.
UAE’s Mubadala acquires full ownership of UCB Pharma’s China business with CBC Group
UAE sovereign wealth fund Mubadala Investment Co. has acquired 100 percent ownership of UCB Pharma’s mature business in China, in partnership with CBC Group, a healthcare-focused asset manager.
FTA reports 2.7m tax refund requests from tourists processed in H1 2024
The Federal Tax Authority (FTA) asserted there has been considerable growth in the volume of transactions processed through the digital Value Added Tax (VAT) refund system for tourists in 2024, surging to 2.7 million in the first half of the year, up from 2.55 million requests recorded during the same period in 2023.
Nakheel awards Dhs810m contract
Nakheel, a member of Dubai Holding’s pioneering real estate arm, Dubai Holding Real Estate, has awarded an Dhs810 million contract for the marine works on Palm Jebel Ali to Jan De Nul Dredging LTD.
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