Latest news with #الرياض
Arabian Business
05-08-2025
- Business
- Arabian Business
Saudi Arabia's Mukaab megaproject to get smart tech from PIF-backed firms in new deal
Two Saudi companies backed by the Public Investment Fund (PIF), New Murabba and Alat, have signed an agreement to work together on new technology for The Mukaab and other smart city projects planned in Riyadh's New Murabba district. The agreement focuses on the deployment of next-generation innovations aimed at delivering an immersive and intelligent experience for visitors and residents. Among the areas of collaboration are cutting-edge digital environments, AI-driven infrastructure, and advanced vertical mobility systems, including future-ready elevators and escalators. يسعدنا الإعلان عن توقيع مذكرة تفاهم جديدة مع شركة ألات، في خطوة جديدة نحو دمج أحدث التقنيات داخل #المكعب وفي المشاريع المستقبلية ضمن نطاق #المربع_الجديد ، سنعمل معًا لتقديم تجارب رقمية رائدة، واستكشاف فرص توطين الإنتاج التقني داخل المملكة، وتعزيز الابتكار بالتناغم مع مستهدفات… — New Murabba (@newmurabba) August 1, 2025 'This MoU marks a major milestone in our journey to deliver New Murabba and The Mukaab,' said Michael Dyke, CEO of New Murabba. 'Our partnership with Alat underscores our commitment to harnessing next-generation technologies that deliver exceptional experiences and support the creation of a smart urban destination.' The Mukaab is the centrepiece of the planned New Murabba development in Riyadh — a cube-shaped, immersive mixed-use structure touted as one of the most ambitious architectural projects in the Kingdom. In line with Saudi Arabia's Vision 2030, the agreement also seeks to identify optimal strategies for funding early-stage hardware investments and R&D. The two companies will assess the feasibility of establishing technology production facilities within the Kingdom to support localisation goals and deliver resilient, scalable hardware solutions. 'The MoU with New Murabba marks a bold step toward shaping the future of tech-enabled urban living,' said Amit Midha, CEO of Alat. 'By uniting Alat's AI-driven hardware with New Murabba's visionary approach, we aim to deliver intelligent infrastructure and transformative experiences.' The agreement also includes plans for long-term operational support, including post-installation upgrades, maintenance protocols, and warranty management for integrated systems. The collaboration reflects a broader PIF strategy to position Saudi Arabia as a global hub for future-facing technologies, economic diversification, and sustainable urban development. Both firms described the deal as a strategic move toward building a world-class smart city ecosystem, with The Mukaab envisioned as a 'Gateway to Another World.'
Sabq
27-07-2025
- Business
- Sabq
"التنفيذي" تعلن عن نجاح انتقالها الكلي إلى صالة رقم (3) بطابقي القدوم والمغادرة مؤقتًا في مطار الملك خالد الدولي بالرياض
أعلنت شركة " التنفيذي" عن نجاح انتقالها الكلي في مطار الملك خالد الدولي بالرياض إلى الصالة رقم (3) طابقي القدوم والمغادرة مؤقتًا، وذلك اعتبارًا من 27 يوليو 2025م الساعة 12 مساء، نظراً لأعمال التطوير الجارية في مرافق المطار. وأكدت " التنفيذي" أن الصالة الدولية رقم (3) قد تم تجهيزها بالكامل لضمان استمرارية تقديم خدمات الضيافة بالجودة ذاتها، بما يواكب تطلعات الضيوف واحتياجاتهم المتزايدة. تدعو شركة " التنفيذي" جميع ضيوفها في مطار الملك خالد بالتوجه إلى الصالة المؤقتة رقم (3)، مؤكدة على استمرارها في تقديم تجربة ضيافة متميزة. ALTANFEETHI announces the successful full relocation to Terminal (3) on arrivals and departure floors temporarily at King Khalid International Airport in Riyadh ALTANFEETHI Company announced the successful full relocation at King Khalid International Airport in Riyadh to Terminal (3) Arrivals and departure floors temporarily, effective from 27 July 2025 at 12 PM, due to the ongoing development works in the airport facilities. ALTANFEETHI confirmed that the international Terminal (3) has been fully equipped to ensure the continuity of hospitality services with the same level of quality, in line with the growing expectations and needs of its guests. The company informs all its guests at King Khalid Airport to head to the temporary Terminal (3), affirming its continued commitment to delivering an exceptional hospitality experience.
Arabian Business
02-07-2025
- Business
- Arabian Business
Saudi Arabia cracks down on bribes, kickbacks, frauds, kidnapping and more
Saudi Arabia's Oversight and Anti-Corruption Authority (Nazaha) revealed a number of criminal cases in which it has taken action against the offenders as part of its mandate to root out corruption and strengthen integrity across the country. The Authority stated that its latest investigations – involving customs, municipal affairs, the judiciary, education, healthcare, and security sectors – have resulted in multiple high-profile arrests. #هيئة_الرقابة_ومكافحة_الفساد تباشر عدداً من القضايا الجنائية والإدارية خلال شهر يونيو 2025م. — هيئة الرقابة ومكافحة الفساد (@nazaha_gov_sa) July 1, 2025 Nazaha reaffirmed its firm commitment to transparency, accountability, good governance, enforcing the law and preserving the public interest. It added that all individuals involved in these cases will be held fully accountable, regardless of rank, affiliation, or retirement status, reiterating that corruption-related crimes are not subject to a statute of limitations. Saudi authority exposes major corruption cases The Authority highlighted a particularly serious case, in which a Ministry of Interior security officer and an accomplice were arrested for kidnapping a company collector and stealing SAR 707,000 (US$188,535). Several of the cases involved corruption in customs and municipal services. Two customs employees and a broker were arrested after allegedly accepting SAR 400,000 (US$106,666) in bribes to expedite the import process for trucks. One municipal department head was found to have SAR 7.1 million (US$1.89 million) in personal accounts linked to the illegal cancellation of commercial fines. A police officer and a municipal employee were detained for allegedly receiving SAR 110,000 (US$29,333) from business owners in exchange for facilitating the illegal extraction and sale of metals from government buildings. The scheme, over the years, generated over SAR 4.6 million (US$1.23 million) for the perpetrators. Nazaha also unearthed the case of one official, who offered SAR 100,000 (US$26,666) to a colleague to manipulate contract outcomes. Other violations included municipal employees accepting bribes to overlook regulatory breaches, shop violations, and illegal construction activity. Judicial integrity also came under scrutiny, with a court clerk arrested after taking SAR 32,500 (US$8,666), half of a promised sum of SAR 65,000 (US$17,333) to influence the outcome of a criminal case and secure an acquittal. In the education sector, a resident was taken into custody for receiving over SAR 230,000 (US$61,333) to manipulate the awarding of subcontract work on Ministry of Education projects. The healthcare sector also came under the Nazaha radar. Senior procurement officials in regional health clusters were arrested for soliciting bribes in exchange for awarding contracts. Also, a doctor at a government hospital was arrested for issuing fraudulent medical leave documents in exchange of money.
Arabian Business
01-07-2025
- Business
- Arabian Business
Saudi Arabia's new Social Insurance Law takes effect from today
Saudi Arabia's new Social Insurance Law, issued last year on July 2 by a Royal Decree, came into force this Tuesday. The General Organisation for Social Insurance (GOSI) stated that the law applies exclusively to new civil employees joining the public and private sectors, who do not have any prior contribution periods in the current Civil Pension Law or Social Insurance Law. #التأمينات_الاجتماعية تعلن بدء تطبيق أحكام نظام التأمينات الاجتماعية المعلن عنها سابقاً اعتباراً من يوم غدِ الثلاثاء 1 يوليو 2025م. 📎| — التأمينات الاجتماعية (@SaudiGOSI) June 30, 2025 New Social Insurance Law takes effect The amended law stipulates a gradual increase in retirement age. There will be no change in the current GOSI subscriber benefits. The organisation stated that the statutory retirement age for individuals affected by the amendments will range between 58 and 65 years. The law will expand the scope of insurance coverage to include more categories and will achieve flexibility in job transfers between the public and private sectors without affecting subscribers' insurance rights by unifying insurance provisions under a single law. The new regulations, to be applied to new subscribers to the Social Insurance System, include a gradual increase in the pension branch subscription rates by 0.5 per cent annually, starting from the second year of the system's validity until the fifth year. The cumulative increase will be 2 per cent, which means the subscription rate becomes 11 per cent instead of 9 per cent for the subscriber and the employer. To preserve the rights of employees, the law stressed the need for employers to commit to paying subscriptions on their specified dates. The maternity benefit also come into effect from Tuesday, July 1. Female subscribers, whether Saudi or non-Saudi, are entitled to maternity compensation for three months upon giving birth. The GOSI has urged all customers, both subscribers and employers, to review all the details related to these provisions through the awareness platform on the organisation's website or on the GOSI app.
Argaam
09-06-2025
- Health
- Argaam
HRSD Ministry announces the implementation of the decision to ban working under sunlight
The Ministry of Human Resources and Social Development (MHRSD) and the National Council for Occupational Safety and Health will begin enforcing the ban on working under the sun in all private-sector establishments, from 12 noon to 3 p.m., starting Sunday 19 Dhul-Hijjah 1446 AH (15 June 2025) until Sunday 23 Rabiʿ al-Awwal 1447 AH (15 September 2025). This decision comes within the framework of preserving the safety and health of workers in the private sector, sparing them from conditions that may endanger their health, and providing them with a healthy and safe work environment in accordance with international standards for occupational safety and health. The Ministry called on employers to regulate working hours and take into account what is stipulated in this decision, contributing to a safe work environment free from various risks, and raising the level of efficiency and means of prevention to reduce occupational injuries and diseases and protect workers from accidents—an effort reflected in improving and increasing productivity. MHRSD has published on its website the following Arabic resources to aid compliance: Procedural Guide for Occupational Safety and Health to Prevent the Effects of Exposure to Sunlight and Heat Stress and Advisory Guide for Working in Hot Environments.
