Saudi envoy to Dhaka praises Makkah Route efficiency
- Makkah Route Initiative streamlines the performance of Hajj for Bangladeshi pilgrims
RIYADH: Saudi Ambassador to Bangladesh Issa bin Youssef Al-Duhailan lauded the Makkah Route Initiative as a unique program that streamlines the performance of Hajj for Bangladeshi pilgrims, the Saudi Press Agency reported on Sunday.
Al-Duhailan highlighted the initiative’s role in the Pilgrim Experience Program, a Saudi Vision 2030 program focused on enhancing services for Hajj performers, and emphasized how the initiative has significantly improved the Kingdom’s organization and planning for pilgrims visiting the holy city of Makkah.
“The initiative showcases excellence in management, organization, and efforts to facilitate the journey of pilgrims to the holy lands,” Al-Duhailan said.
The initiative’s features, he added, include the issuance of electronic Hajj visas and luggage coding at Hazrat Shahjalal International Airport in Dhaka, which enables Bangladeshi pilgrims to be processed upon arrival in Saudi Arabia as domestic travelers and expedites their transportation to their places of residence in Makkah and Madinah.
“Pilgrims are welcomed with hospitality, security, and safety throughout their journey, creating a rich and unforgettable spiritual experience,” Al-Duhailan said, expressing his gratitude to the Saudi leadership for its vision and to all those involved in the Makkah Route Initiative for their dedication to serving Hajj pilgrims.
The Arab Energy Fund and Dussur sign $200m MoU to boost greenfield energy projects
RIYADH: Greenfield energy projects are set to receive a boost, as The Arab Energy Fund has signed a $200 million funding agreement with the Saudi Arabian Industrial Investments Co.
A memorandum of understanding was executed between the energy-focused financial institution TAEF and the Saudi-based industrial investment and development company, also known as Dussur.
This deal aims to fast-track and facilitate prospective financing opportunities for TAEF through bridge financing in selected greenfield projects promoted by Dussur.
Nicolas Thevenot, chief banking officer at TAEF, said: “We are thrilled to sign this MoU with Dussur and enter an era of collaboration to support the advancement of the flourishing energy sector in Saudi Arabia.”
He added: “Our strategic partnership with Dussur is also aligned with our planned investment of up to $1 billion to advancing the energy transition with a focus on decarbonization and related technologies over the next five years.”
Israel war cabinet minister says to quit unless Gaza plan approved
- Israeli PM Benjamin Netanyahu dismisses comments as "washed-up words"
- Broad splits emerge in Israeli war cabinet as Hamas regroups in northern Gaza
JERUSALEM: Israeli war cabinet minister Benny Gantz said Saturday he would resign from the body unless Prime Minister Benjamin Netanyahu approved a post-war plan for the Gaza Strip.
“The war cabinet must formulate and approve by June 8 an action plan that will lead to the realization of six strategic goals of national importance.. (or) we will be forced to resign from the government,” Gantz said, referring to his party, in a televised address directed at Netanyahu.
Gantz said the six goals included toppling Hamas, ensuring Israeli security control over the Palestinian territory and returning Israeli hostages.
“Along with maintaining Israeli security control, establish an American, European, Arab and Palestinian administration that will manage civilian affairs in the Gaza Strip and lay the foundation for a future alternative that is not Hamas or (Mahmud) Abbas,” he said, referring to the president of the Palestinian Authority.
He also urged the normalization of ties with Saudi Arabia “as part of an overall move that will create an alliance with the free world and the Arab world against Iran and its affiliates.”
Netanyahu responded to Gantz’s threat on Saturday by slamming the minister’s demands as “washed-up words whose meaning is clear: the end of the war and a defeat for Israel, the abandoning of most of the hostages, leaving Hamas intact and the establishment of a Palestinian state.”
The Israeli army has been battling Hamas militants across the Gaza Strip for more than seven months.
But broad splits have emerged in the Israeli war cabinet in recent days after Hamas fighters regrouped in northern Gaza, an area where Israel previously said the group had been neutralized.
Netanyahu came under personal attack from Defense Minister Yoav Gallant on Wednesday for failing to rule out an Israeli government in Gaza after the war.
The Gaza war broke out after Hamas’s attack on October 7 on southern Israel which resulted in the deaths of more than 1,170 people, mostly civilians, according to an AFP tally of Israeli official figures.
The militants also seized about 250 hostages, 124 of whom Israel estimates remain in Gaza, including 37 the military says are dead.
Israel’s military retaliation against Hamas has killed at least 35,386 people, mostly civilians, according to the Hamas-run Gaza’s health ministry, and an Israeli siege has brought dire food shortages and the threat of famine.
Saudi Arabia prioritizes real estate sector with 18 legislative initiatives to drive growth
RIYADH: The Saudi government is prioritizing the real estate sector, enacting over 18 pieces of legislation to drive its growth and significantly boost its gross domestic product.
This initiative was highlighted during the recently concluded second edition of the Saudi Exhibition for Real Estate Development and Ownership, or SEREDO, held in Jeddah. The event aimed to raise awareness, explore development opportunities, and review investment potential in the sector.
According to Tayseer bin Mohammed Al-Mufarrij, spokesman for the Real Estate General Authority, over 18 legislations have been issued to date. These include real estate systems, executive regulations, and regulatory rules, reflecting the government’s commitment to this sector as part of Vision 2030.
He emphasized the sector’s role and contribution to the Kingdom’s GDP, reaching 5.9 percent in the fourth quarter of 2023. He also noted that the property sector’s contribution to the country’s non-oil activities was 12.1 percent, as reported by the Saudi Press Agency.
During the expo, Abdullah bin Saud Al-Duhaim, general supervisor of property development at REGA, provided a detailed explanation of the new system for selling and leasing off-plan real estate projects and its recently approved executive regulations.
In a workshop on the sidelines of the event, Al-Duhaim and other officials outlined the procedural steps for applying for qualification, obtaining licenses to practice the activity, and the requirements for developers to register with the authority.
They also underscored the importance of complying with the regulations and legislation governing the sector, which aim to provide high-quality services, enhance reliability, increase transparency, and protect the rights of all stakeholders.
REGA’s participation in SEREDO 2024 is part of its role in raising awareness about real estate, exploring development opportunities, showcasing investment prospects, and exchanging experiences with industry professionals, SPA added.
It also aims to engage the community in creating solutions to challenges, advancing toward future horizons that enhance the prosperity and sustainability of the real estate market.
This approach seeks to make the sector dynamic and capable of adapting to rapid changes, which aligns with Vision 2030 objectives.
The real estate development and ownership field in the Kingdom is considered one of the largest growing sectors in the Middle East. Its volume is estimated at approximately $69.51 billion in 2024 and is expected to reach $101.62 billion by 2029, recording a compound annual growth rate of 8 percent.
KSrelief provides prosthetic services in Yemen
- Yemen is among the top beneficiaries of KSrelief assistance
RIYADH: A Saudi-backed prosthetics center in Yemen has provided help to hundreds of people in the war-torn country, the Saudi Press Agency reported on Sunday.
The project, supported by the Kingdom’s aid agency KSrelief, offers physical therapy and other services to assist those who have lost limbs to reintegrate into society.
The rehabilitation center in the governorate of Taiz provided 821 services to 329 beneficiaries in one month, including the manufacturing, fitting, delivery, and maintenance of prosthetic limbs.
Other treatments include physical therapy and consultation sessions, SPA stated.
Yemen is among the top beneficiaries of KSrelief assistance. The center has implemented 862 projects in Yemen worth over $4.3 billion.
KSrelief’s programs cover food security, health, sanitation, shelter, nutrition, education, telecommunications and logistics.
Since its inception in 2015, KSrelief has implemented 2,673 projects worth more than $6.5 billion in 99 countries, in cooperation with 175 local, regional, and international partners.
Meanwhile, KSrelief distributed 720 shelter bags to displaced families and those in need in the locality of Kosti in the White Nile State of Sudan, benefiting 4,140 individuals.
The center also distributed 769 food baskets in Kassala State, benefiting 3,762 individuals.
