Latest news with #TheSaudiGazette
Zawya
6 days ago
- Business
- Zawya
First upgraded gas refilling station model launched in Dhahran to enhance urban landscape
DHAHRAN — The Eastern Province Municipality has unveiled the first advanced aesthetic model for a gas refilling station in Dhahran, aimed at enhancing the city's urban landscape, improving service quality, and providing a safer, more comfortable environment for residents and visitors. The new model features a redesigned exterior façade along with upgraded surrounding areas, using modern materials that align with the city's architectural identity. Part of a wider initiative to modernize service facilities, the project integrates aesthetic elements into public infrastructure to improve user experience, raise safety standards, and transform essential public service points such as gas refilling outlets into fully integrated urban spaces that reflect the city's growth and the quality of its public environment. The municipality said it plans to roll out the model to similar locations in the future as part of a comprehensive plan to upgrade the city's infrastructure in line with residents' expectations and to deliver services that meet the highest standards. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-07-2025
- Business
- Zawya
Saudi minister explores investment and industrial partnerships with US private sector in Chicago
CHICAGO - Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al-Khorayef, met with leaders of the American private sector in Chicago to discuss enhancing cooperation in industry and mining, and to explore bilateral investment opportunities. The roundtable, held at the headquarters of World Business Chicago, focused on the development of Saudi Arabia's industrial and mining sectors, the potential for innovation-driven investments, and strategies to build sustainable economic partnerships between the two countries. During the meeting, Al-Khorayef emphasized the strength of the strategic relationship between Saudi Arabia and the United States, highlighting that bilateral trade reached over SR123 billion ($32.8 billion). He also referenced the recent visit of U.S. President Donald Trump to Saudi Arabia, which resulted in the signing of a strategic partnership document and a series of key agreements in sectors including defense, energy, mining, technology, and artificial intelligence. Al-Khorayef outlined the central role of the industrial and mining sectors in Saudi Arabia's Vision 2030 economic diversification agenda. He noted that the National Industrial Strategy aims to localize and grow 12 priority sectors — including downstream chemicals, automotive, aerospace, and mining — and raise the sector's GDP contribution to $244 billion by 2030. The strategy offers 800 investment opportunities worth around SR1 trillion ($266.6 billion), positioning Saudi Arabia as a global industrial hub. On the mining front, the minister said the Kingdom aims to develop the sector into the "third pillar" of national industry, capitalizing on untapped mineral resources valued at over SR9.4 trillion ($2.5 trillion), including gold, copper, and rare earth elements. The comprehensive mining and minerals strategy targets a sectoral GDP contribution of SR240 billion ($64 billion). Al-Khorayef also pointed to the Kingdom's competitive regulatory environment for mining investments. Recent reforms have streamlined licensing, reducing the application processing period to just 90 days, while a supportive legislative framework offers attractive incentives for domestic and international mining firms. The roundtable was attended by key figures from the U.S. private sector and more than 30 investors across strategic industries including specialty chemicals, automotive, aviation, and mining. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-07-2025
- Business
- Zawya
Syria adopts Saudi investment protection agreement to attract investors
DAMASCUS — Syria has formally adopted a Saudi-developed agreement for the protection of foreign investors, laying the foundation for future investments flowing into the country. The move marks a key milestone in Syria's efforts to rebuild its economy with support from Saudi expertise, which has driven transformative growth in multiple sectors in recent years. The announcement was made during a ministerial session of the Syrian-Saudi Investment Forum 2025, held Thursday with the participation of senior ministers and officials from both countries. Saudi Minister of Investment Eng. Khalid Al-Falih said Syria was entering a new phase with strong appetite for investment and discovery of opportunities. 'We are confident that Syrians will revive their country's economy. Transparency and investor guarantees are essential and encouraging,' he said. 'What we're witnessing today will spark a wave of projects in Damascus.' Syria's Minister of Economy, Mohammad Al-Shaar, emphasized that the country had waited decades for this moment to initiate a genuine economic partnership with Saudi Arabia. 'We were deprived of this relationship for 60 years due to personal interests on the Syrian side,' he said, praising Saudi Arabia's model of economic transformation as one to emulate. Al-Shaar explained that every investment project passes through three phases: opportunity exploration, investor consultation, and a final decision leading to execution. He confirmed that Syria would secure the investment environment through a combination of constitutional guarantees, investment laws, and the adoption of the Saudi-developed foreign investment protection framework. Tourism Minister Mazen Al-Salehani announced the preparation of new four- and five-star resorts and hotels, alongside the launch of a revamped ministry website to facilitate investor engagement. He highlighted Syria's vast archaeological and heritage sites, and the growing interest in "return tourism" — a term for Syrians abroad returning to reassess past assets and reinvest. He also emphasized community inclusion in new tourism projects: 'Every investment will involve the local population in building the future.' Saudi-Syrian Business Council Chairman Mohammed Abunayyan underscored the Kingdom's efforts to form global alliances to invest in Syria. He praised Syrian President Ahmad Al-Sharaa's comprehensive economic vision and called it a reassuring sign for strategic development. 'Saudi investors are here as long-term partners, not merchants,' he said, adding that Saudi Arabia aims to lead international investment coalitions into Syria. Director General of the Syrian Investment Authority, Talal Al-Hilali, affirmed Syria's intent to work hand-in-hand with Saudi Arabia to ensure investor confidence, saying the top priority now is to protect investors and provide business certainty. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Riyadh to host second Saudi Fashion Awards on May 22
RIYADH — The Saudi Fashion Commission has announced the second edition of the Saudi Fashion Awards, set to take place on May 22 in Riyadh. As Saudi Arabia strengthens its global presence in the fashion and beauty industries, the awards aim to celebrate visionary talent and highlight the Kingdom's rising role on the international style stage. Following the success of last year's inaugural edition, the 2025 ceremony introduces an expanded program with a renewed emphasis on the beauty sector and several new award categories. Riyadh, increasingly recognized as a hub for creative industries, continues to position itself at the forefront of regional fashion transformation. Key highlights of the event include awards recognizing top stylists, photographers, designers, and models, as well as international accolades supported by WWD that spotlight innovation in design and beauty. The judging panel features leading names from the global industry, underscoring the event's growing stature and international relevance. Burak Çakmak, CEO of the Saudi Fashion Commission, said: 'Riyadh is proudly emerging as the capital of fashion, beauty, and the future of the creative industries in the region. Its transformation from promise to global presence on red carpets, runways, and retail spaces reflects the ingenuity and dedication of a new generation of trailblazers redefining regional and international fashion standards.' © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Housing Minister: More than 133,000 firms in Saudi construction sector
RIYADH — Saudi Housing Minister Majid Al-Hogail said that the construction sector in Saudi Arabia has more than 133,000 establishments with over 1.6 million individuals participating daily in building a new reality: smart cities and integrated development. Al-Hogail noted that project management gives organizations greater predictability, responsiveness, and execution, and improves performance and raises the quality of achievement. He emphasized that Saudi Arabia's Vision 2030 outlines an ambitious future that reshapes the economic, social, and development landscape. The minister explained that project management has become a strategic approach and an essential tool for leading change and achieving sustainable impact, and is no longer an executive option. He noted that the National Projects Council is playing a growing role in unifying efforts and enhancing performance. He added, "Government project management offices contribute to enhancing planning, follow-up, and governance practices, ensuring quality implementation and consistency with national goals." This came during his inauguration of the Global Project Management Forum (GPMF 2025), hosted by the capital, Riyadh. The GPMF is one of the prominent international events in this field, bringing together more than 13,000 specialists and interested parties from at least 100 countries. There will be 120 international speakers, 60 dialogue sessions and 16 training workshops. The event reflects the position that Saudi Arabia occupies in leading developmental and institutional transformations at the global level. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
