Wednesday, August 5
Social Media Profiles:

Business

NWC Launches Private Sector Long-Term Investment Opportunities For Sewage Treatment Plants’ Development and Operation in Saudi Arabia

Business
Riyadh, The National Water Company (NWC) has started marching towards private sector participation in 114 sewage treatment plants with total daily capacity of 5.1 million m3/day, in implementation of the National Water Strategy 2030 objectives for the water sector through increasing water investments and engaging the private sector in many projects through the coming years. The company said that it intends to launch the first phase by procuring contracts covering 15 sewage treatment plants with a total daily capacity of 2.5 million m3/day, which is 50% of the total treatment capacity in the Kingdom. A Request for Qualification (RFQ) has been sent out with regards to five long-term operation. The company said that these contracts provide for four plants in Manfuhah, Riyadh, with a total c...

CEO of Tourism Development Fund: the Fund Aims to Facilitate Investment in Tourism Sector

Business
Riyadh, The CEO of the Tourism Development Fund, Qusai AI-Fakhri has revealed that the fund aims to stimulate and facilitate investment in the tourism sector, which is one of the most promising economic sectors in the Kingdom of Saudi Arabia. Al-Fakhiri pointed out that the launch of the Tourism Development Fund reflects the vital importance of the tourism industry as a long-term engine of the Kingdom's economy, and provides tremendous opportunities for local and international investors to implement promising projects that will enhance and raise the level of the tourism experience in the Kingdom.   Source: Saudi Press Agency

SIDF Sponsors W20 Engagement Group Led by Alnahda to Advance Diversity and Inclusion Agenda

Business
Riyadh, The Saudi Industrial Development Fund (SIDF) is sponsoring Alnahda Society in Riyadh with the aim of joining forces to support the advocacy of women’s issues in Saudi Arabia. As part of the sponsorship, SIDF will contribute to the Women 20 (W20), an official G20 engagement group focused on women’s empowerment and gender equality. The W20 is part of the G20 process entitled to develop actionable policy recommendations to advance women’s priorities by mainstreaming gender issues and considerations into G20 discussions. Commenting on the sponsorship, Eng. Noor Shabib Vice President Strategic Planning & Business Development at SIDF noted that “working together with the W20 will advance our mutual agenda on women empowerment, diversity and inclusion. This support stresses SIDF’s c...

G20 Digital Economy Ministers Agree to Realize Digital Technologies to Seize 21st Century Opportunities

Business
Riyadh, The Group of Twenty (G20) Ministers responsible for the digital economy held a ministerial meeting today under the Kingdom of Saudi Arabia's presidency of the Group to discuss harnessing digital technologies to realize opportunities of the 21st century for all. They issued the following Ministerial Declaration Wednesday, July 22, 2020: 1. Building on the achievements and commitments of past Presidencies, we, the G20 Ministers responsible for the digital economy, met on 22 July 2020 to discuss harnessing digital technologies to realize opportunities of the 21st century for all. In 2020, the G20 Digital Economy Task Force (DETF) brought together all G20 members as well as guest countries. The Kingdom of Saudi Arabia also invited the Organization for Economic Co-operation and Deve...

G20 Digital Economy Ministers Agree to Realize Digital Technologies to Seize 21st Century Opportunities 4 Riyadh

Business
In order to improve our ability to monitor the social and economic impact of the digital economy, and evaluate policies to shape its evolution while ensuring that no one is left behind, including women and girls, we recognize the importance of representative indicators related to jobs, skills, including digital literacy, and growth, and their effective use across communities, taking into consideration the distribution of outcomes across gender, education, and other socio-economic factors wherever practicable. To improve data availability and current statistics and to strengthen the evidence base in measuring the digital economy, we support working with relevant stakeholders such as the private sector, business entities, educational institutions, civil society, and Internationa...

Saudi Payments, JCB Hold Partnership to Enable the Acceptance of its Cards Through “Mada”

Business
Riyadh, Saudi Payments, Saudi Arabian Monetary Authority (SAMA) subsidiary, and the operator of national payment network (mada), has partnered with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd., to enable the acceptance of JCB cards in the Kingdom as part of its policy in opening the way for global payment companies and systems to enter the local market in order to support its strategy to enrich the payments environment in the Kingdom and provide modern payment methods in a way that reduces cash and raising the level of competition in this sector, in addition to its consistency with the goals of Vision 2030 in serving religious visitors and tourists and providing them with various payment methods. This partnership will enable Mada network to a...

Chairman of Saudi Chambers Council : Saudi Arabia’s nomination for WTO is for developing its works

Business
Riyadh, The Chairman of Saudi Chambers Council and the Board of Directors of Riyadh Chamber Ajlan bin Abdulaziz Al-Ajlan, stated that the Kingdom’s nomination of the Advisor at the Royal Court, Muhammad bin Mazyad Al-Tuwaijri to assume the post of Director General of the World Trade Organization (WTO) comes in the interest of developing the organization’s works and advancing them to new horizons to achieve its strategic goals and solve challenges and obstacles facing it, which will positively affect the growth of the global economy. He said in a statement to "SPA" that the Kingdom of Saudi Arabia deserves to assume this important position because of its great efforts in supporting the global economy, especially in light of its current presidency of the G20 summit. Al-Ajlan indicated that...

UN ISSUES $10.3 BILLION CORONAVIRUS APPEAL, WARNS OF PRICE OF INACTION

Business
The UN’s Humanitarian Chief, Mark Lowcock, has called on G20 nations to act now or face a series of human tragedies more brutal and destructive than the direct health impacts of the virus as he released an updated US$10.3 billion appeal to fight the coronavirus in low-income and fragile countries. Without mitigating action, the pandemic and associated global recession are set to trigger the first increase in global poverty since 1990 and push 265 million people to the point of starvation by the end of the year. Recent estimates suggest up to 6,000 children could die every day from preventable causes as a result of direct and indirect impacts of COVID-19. Meanwhile, diverted health resources could mean the annual death toll from HIV, tuberculosis and malaria doubling. COVID-19 is now ...

KSA Candidate to Lead WTO: I Look forward, Knowing Challenges, Reforms Required

Business
Riyadh, Kingdom of Saudi Arabia (KSA) candidate for the post of Director General (DG) of the World Trade Organization (WTO) Mohammed Al-Tuwaijiri affirmed that the WTO is in regression, adding that reforming it is not only an option but also a very necessary step, we are in need now more than ever before, and pointing out that the world is undergoing major changes and challenges, that have affected the flow of the global trade. In a press conference held, at the WTO’s headquarters in Geneva, to discuss his vision for the WTO’s future, Al-Tuwaijiri said that we should not focus on the disagreements, as it is important to focus on the successes, continuously, instead. "I look forward to lead the WTO and implement the reforms with the consensus of all members", he added, indicating that the...

KSrelief Implements Empowerment Projects in Yemen

Business
Riyadh, King Salman Humanitarian Aid and Relief Center (KSrelief) has implemented many empowerment projects in the Republic of Yemen, with the aim of improving livelihoods, achieving sustainable development, caring for Yemeni families economically, socially, and psychologically, in addition to providing them with basic needs to alleviate the severity of the humanitarian crisis that the Yemeni people are enduring. During the period from 15 July 2015 to 15 July 2016, KSrelief in partnership with the Food and Agriculture Organization of the United Nations (FAO) implemented a project to provide emergency livelihoods inputs for internally displaced people and host communities in affected governorates by the humanitarian crisis in Yemen. The project aimed at empowering farmers by providing agri...