Latest news with #Dammam
Argaam
11 hours ago
- Business
- Argaam
Mulkia REIT finalizes acquisition, ownership transfer of Dammam land
Mulkia Gulf Real Estate REIT (Mulkia REIT) finalized the acquisition as well as the ownership transfer of Dammam commercial land plot, fund manager, Mulkia Investment Co., said in a statement to Tadawul. The acquisition will likely boost the company's diversified real estate portfolio, in addition to increasing the fund returns upon finalizing the projects planned for the transaction-related asset. Gulf Real Estate Co. is considered a related party as it owns over 5% of the fund's units. The deal included no preferential terms, the statement added. The fund signed an agreement in May to acquire a commercial land plot, spanning 11,140 square meters, in Dammam, for SAR 33.4 million, excluding VAT and brokerage fees, data available on Argaam showed.
Zawya
a day ago
- Health
- Zawya
Saudi German Hospital Dammam expands outpatient services, reinforcing commitment to patient-centric growth
Saudi German Hospital – Dammam (SGH Dammam) has expanded its Outpatient Department (OPD) on the hospital's first floor by adding 21 new clinics. This enhancement enhances access to key specialties. The expansion aims to reduce wait times and enhance the overall patient experience, demonstrating SGH's commitment to healthcare excellence. Makarem Sobhi Batterjee, Vice Chairman of Saudi German Health, said: 'We have successfully expanded outpatient services at SGH Dammam as part of our strategic plan to meet the growing healthcare needs of the Eastern Province. By opening new clinics and increasing access to existing services, we aim to continue providing cutting-edge, patient-focused care. I also want to sincerely thank our amazing team for making this achievement possible. Expanding our outpatient services at SGH Dammam reflects our steadfast commitment towards our core ethos of 'Caring Like Family', further aiming at providing every patient with compassion, trust and personalised care.' By combining the latest technological innovations with a highly skilled team, Saudi German Health continues to set the standard for high-quality patient care in the Middle East. Top-tier physicians and medical specialists are key drivers of SGH's excellence in healthcare. Alongside an experienced network of nurses, professional staff, and state-of-the-art medical infrastructure, the team is led by renowned consultants. Saudi German Health provides cutting-edge medical care founded on compassion, precision, and ongoing innovation. Founded by the Batterjee family in 1988, Saudi German Health has significantly expanded its presence over the years and now operates numerous hospitals and clinics throughout Saudi Arabia and beyond, with branches in key locations such as the UAE, Yemen, and Egypt. Additionally, as a respected name in the Saudi healthcare landscape, SGH prioritizes the health and well-being of the communities it serves, offering a wide range of healthcare services tailored for patients of all ages. -Ends- For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Skift
a day ago
- Business
- Skift
Saudi Arabia Approves Major New Airline Based in Dammam
Another new airline is coming to Saudi, but this time it's a low-cost option. Based out of the eastern city of Dammam and led by Air Arabia, it will enter an increasingly crowded market. A new low-cost airline is coming to Saudi Arabia. The country's General Authority of Civil Aviation (GACA) has awarded an operating license to a consortium led by Air Arabia, Nesma Group, and KUN Holding. The joint venture, announced in a series of posts on GACA's X account, and operate a low-cost carrier based at King Fahd International Airport in Dammam. The project is aimed at boosting domestic and international connectivity from the country's Eastern Province. The airline is targeting 24 domestic and 57 international routes by the end of the decade. Its goal is to serve 10 million passengers annually by 2030, using a fleet of 45 aircraft. The airline's precise launch dates and routes were not announced. Saudi Transport Minister Saleh bin Nasser Al-Jasser said the carrier will help drive competition and improve consumer choice. More than 2,400 "direct jobs in the aviation sector" are also expected. The laun
Arabian Business
a day ago
- Business
- Arabian Business
New Saudi low-cost airline to launch from King Fahd International Airport
A consortium comprising Air Arabia, Nesma Group, and KUN Holding has won the General Authority of Civil Aviation's (GACA) competition to establish and operate a low-cost airline in Saudi Arabia. The carrier will be based at King Fahd International Airport in Dammam, and will enhance domestic and international air connectivity for the Eastern Province, the Emirates News Agency (WAM) said in a statement. The win represents the culmination of a vision and partnership among the three parties, focused on delivering an operating model that supports aviation programme goals, improves service quality for travellers, and contributes to driving economic growth. New Saudi airline plans 81 destinations with 45 aircraft by 2030 The low-cost carrier targets operating 24 domestic and 57 international destinations with 45 aircraft by 2030. The airline aims to serve around 10 million passengers annually from Dammam and the Eastern Province. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: 'We are proud to have been selected by the General Authority of Civil Aviation (GACA) to launch a new national low-cost airline headquartered in Dammam. We extend our sincere gratitude to the authority for its trust in us. 'As a leading low-cost airline operator in the region, this achievement represents a key milestone that reaffirms our commitment to supporting the growth and development of the kingdom's aviation sector. Through our proven economic model and regional expertise, this new partnership will deliver a reliable and value-driven travel experience for passengers and will contribute to economic growth and job creation in the Eastern Province and beyond.' Faisal Bin Saleh Al-Turki, President of Nesma Group, and Mohamed Bin Nabil Hefni, CEO of KUN Holding, added: 'At Nesma and KUN, we are proud to be part of this ambitious national initiative, which is the result of a strategic partnership with Air Arabia Group. This initiative aligns with the impressive developments in the Kingdom's tourism and aviation sectors. Launching a new low-cost carrier from Dammam is not merely an air transport project, but a direct contribution to strengthening the tourism infrastructure and stimulating the local economy of the Eastern Province. This includes creating high-quality jobs, empowering national talent, and supporting aviation-related commercial activities. 'We believe this project reflects the private sector's role in supporting the goals of Saudi Vision 2030 and embodies the spirit of partnership between the public and private sectors to achieve transformative strides in sustainable development. We look forward to this carrier becoming a model of local and international collaboration, strengthening the Kingdom's position as a leading regional and global tourism destination.' The project is projected to create over 2,400 direct jobs in the aviation sector and will contribute to tourism growth and economic development in the region.
Emirates 24/7
a day ago
- Business
- Emirates 24/7
Air Arabia, Nesma Group, KUN Holding consortium win bid to establish new low-cost carrier
A consortium comprising Air Arabia, Nesma Group, and KUN Holding announced that it has won the General Authority of Civil Aviation's (GACA) competition to establish and operate a new national low-cost airline, which will be based at King Fahd International Airport in Dammam. The airline aims to enhance domestic and international air connectivity for the Eastern Province. This win marks the culmination of a shared vision and strategic partnership among the three parties, focused on delivering an efficient operating model that supports the objectives of the Aviation program goals, improves service quality for travelers, and contributes to driving national economic growth. Adel Al Ali, Group Chief Executive Officer of Air Arabia, stated, 'We are proud to have been selected by the General Authority of Civil Aviation (GACA) to launch a new national low-cost airline headquartered in Dammam. We extend our sincere gratitude to the Authority for its trust in us. As a leading low-cost airline operator in the region, this achievement represents a key milestone that reaffirms our commitment to supporting the growth and development of the Kingdom's aviation sector. Through our proven economic model and regional expertise, this new partnership will deliver a reliable and value-driven travel experience for passengers and will contribute to economic growth and job creation in the Eastern Province and beyond.' Faisal Bin Saleh Al-Turki, President of Nesma Group, and Mohamed Bin Nabil Hefni, CEO of KUN Holding, added, 'At Nesma and KUN, we are proud to be part of this ambitious national initiative, which is the result of a strategic partnership with Air Arabia Group. This initiative aligns with the impressive developments in the Kingdom's tourism and aviation sectors. Launching a new low-cost carrier from Dammam is not merely an air transport project, but a direct contribution to strengthening the tourism infrastructure and stimulating the local economy of the Eastern Province. This includes creating high-quality jobs, empowering national talent, and supporting aviation-related commercial activities. We believe this project reflects the private sector's role in supporting the goals of Saudi Vision 2030 and embodies the spirit of partnership between the public and private sectors to achieve transformative strides in sustainable development. We look forward to this carrier becoming a model of local and international collaboration, strengthening the Kingdom's position as a leading regional and global tourism destination.' The new national low-cost carrier is targeting to operate 24 domestic and 57 international destinations with 45 aircraft by 2030, aiming to serve around 10 million passengers annually from Dammam and the Eastern Province. The project is projected to create over 2,400 direct jobs in the aviation sector and significantly contribute to tourism growth and local economic development in the region.
