Makkah to host 4-day economic forum starting March 23

Participants attend the Makkah Regional Economic Forum (MREF) in Jeddah in this May 6, 2018 file photo. On March 23, 2019, the second MREF will open with the theme "The Road to an Urban Future, Invest in Makkah." (AN file)
Updated 19 March 2019
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Makkah to host 4-day economic forum starting March 23

  • This year’s forum will focus on urban development, public services and infrastructure, transport and logistics, and innovation in Hajj and Umrah
  • Some of this year’s topics will be highlighted at next year’s G20 Summit hosted by Saudi Arabia

JEDDAH: Under the patronage of Makkah Gov. Prince Khaled Al-Faisal, the second Makkah Region Economic Forum (MREF) kicks off on Saturday at Jabal Omar Hotel.
The four-day event is organized by the Makkah governorate and the Jeddah Chamber of Commerce and Industry, in collaboration with the Makkah and Taif chambers of commerce and industry.
Under the title “The Road to an Urban Future: Invest in Makkah,” this year’s edition will focus on four main topics: Urban development, public services and infrastructure, transport and logistics, and innovation in Hajj and Umrah. 
The MREF will also shed light on unique new investment opportunities in the Makkah region.
Hisham Al-Falih, head of the forum’s executive committee, said the MREF aims to encourage local and international business investments in the region’s development projects.
“The main themes to be discussed at this year’s edition … are designed to integrate with the economic issues that were discussed during the meetings of the annual World Economic Forum in Davos, which was held in January,” he said. 
Some of this year’s topics will be highlighted at next year’s G20 Summit hosted by Saudi Arabia, he added.
The main topics of the MREF’s panel discussions will include housing, hospitality, business development, and development of the Makkah region’s unplanned neighborhoods.
Last year’s edition offered investment opportunities worth more than SR280 million ($74.6 million) and attracted nearly 7,500 people, paving the way for major investment projects in the region. 
The first MREF saw the participation in panel discussions of eight ministers, a group of economic leaders and VIPs from around the world.
 

 


Saudi crown prince discusses preparations to host Expo 2030 with BIE head

Updated 6 sec ago
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Saudi crown prince discusses preparations to host Expo 2030 with BIE head

RIYADH: Saudi Crown Prince Mohammed bin Salman discussed the Kingdom’s preparations to host Expo 2030 in Riyadh with the secretary-general of the Bureau International des Expositions on Wednesday. 

Writing about the meeting on social media platform X, Dimitri Kerkentzes said he was “honored” to discuss the preparations with the crown prince. 

“The BIE and the Kingdom of Saudi Arabia will work hand in hand to make Expo 2030 a tremendous success for the Kingdom, the region, and the world,” he added.

Riyadh defeated challenges from South Korea and Italy to host the prestigious event in November 2023, and was selected by a majority of 119 out of 165 votes by BIE member states. 


Madinah megaproject aims to make region a hub for wellness tourism

Updated 31 min 23 sec ago
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Madinah megaproject aims to make region a hub for wellness tourism

  • Facility will cover 240,000 square meters and aims to establish Madinah as a global destination for health and wellness
  • Once built, center hopes to accommodate up to 30 million visitors a year by 2030

RIYADH: Almqr Development Co., the investment arm of Madinah Regional Municipality, has signed an agreement with a national construction company to build a wellness resort and rehabilitation center, the Saudi Press Agency reported.

Forming part of the “Heart of Uhud” project north of the Prophet’s Mosque, the facility will cover 240,000 square meters and aims to establish Madinah as a global destination for health and wellness.

Once built, with the support of local and international investors, the center hopes to accommodate up to 30 million visitors a year by 2030.


Mulberries — the superfood coloring Al-Ahsa’s markets

Updated 48 min 39 sec ago
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Mulberries — the superfood coloring Al-Ahsa’s markets

  • Small red and black fruits are highly prized, not just for their delicious taste but for the health benefits they bring
  • Season is brief, starting after the chill of winter and lasting around a month

RIYADH: Mulberry season has arrived, adding a bright splash of color to the fruit and vegetable markets in Al-Ahsa governorate.

The small red and black fruits are highly prized, not just for their delicious taste but for the health benefits they bring.

Their season is brief, starting after the chill of winter and lasting around a month. The current harvest is red, but the berries can also be blue or purple. They are sweet when fully mature and have a tart flavor during the earlier stages.

Mulberries enjoy a devoted following among farmers and consumers alike. Prices fluctuate depending on ripeness and size, ranging from SR5 ($1.33) to SR15 ($4) per half kilo, Saudi Press Agency reported.

They are a popular ingredient in cakes and ice cream, or as a decoration for various foods. The juice is enjoyed by many and the berries can be frozen for later consumption.

Dr. Hossam Al-Din Hussein Mahmoud, a professor of fruit science at King Faisal University in Al-Ahsa, said various types of mulberries were grown in the region including red, Iranian, Kashmiri and American.

He also talked about ongoing research at the university’s College of Agriculture and Food Sciences, which aims to document all strains and varieties of fruit found in Al-Ahsa, and discussed the health benefits associated with mulberries.

Classed as a superfood, they are rich in antioxidants, dietary fiber, vitamins and minerals. They are also believed to contribute to healthy blood sugar levels and reduce the risk of Type 2 diabetes. Their high anthocyanin content means they have anti-inflammatory properties, which can lower the risk of some diseases and enhance the immune and digestive systems.

Consumption of mulberries is also linked to a reduced risk of cardiovascular disease risk, lower blood cholesterol, better skin health and heart rate regulation.


Saudi development program teams up with Selah Foundation for water project in Yemen

Updated 01 May 2024
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Saudi development program teams up with Selah Foundation for water project in Yemen

  • The initiative, in Hadhramaut region, will install solar power stations to provide the energy required to improve the availability and supply of water to 1.7 million people
  • The Saudi Development and Reconstruction Program for Yemen has more than 229 active projects in 8 sectors, including education, health, water, transportation and agriculture

RIYADH: The Saudi Development and Reconstruction Program for Yemen and the Selah Foundation for Development agreed on Wednesday to cooperate on a renewable-energy water-security project in Yemen’s Hadhramaut region, which they said will benefit about 1.7 million people.

The deal was signed by Hassan Al-Attas, the assistant general supervisor of the development program, and Ali Hassan Bashmakh, the foundation’s executive director.

The governor of Hadhramout, Mabkhoot bin Mubarak bin Madhi, attended the signing ceremony and thanked Saudi authorities for the assistance provided to Yemen through the development program. He also expressed gratitude to King Salman, Crown Prince Mohammed bin Salman and the employees of the program for their contributions.

Al-Attas said his organization has more than 229 active development projects in Yemen, helping to improve the lives and livelihoods of people across the country. They span eight sectors, including education, health, water, transportation and agriculture.

As part of the project in Hadhramaut, solar power stations will be established in nine areas to provide the energy required to improve the availability and supply of water. Training and capacity building will also be provided to ensure local technicians can operate and maintain the solar equipment.

The development program and the foundation previously partnered with the Arab Gulf Program for Development on other renewable-energy projects to help improve the quality of life of an estimated 62,000 people in five of Yemen’s governorates. And in January, the two organizations launched a water-security project that aims to benefit about 800,000 people in Aden. On the Yemeni island of Socotra, the development program’s projects help meet about 50 percent of water needs, 100 percent in Al-Ghaydah, and 10 percent in Aden.

The Selah Foundation for Development received the Prince Talal International Prize for Human Development in 2020 for its continual efforts to enhance water security.

Other officials who attended the signing ceremony on Wednesday included Yemen’s planning and international cooperation minister, Waed Badheeb; the minister of water and environment, Tawfiq Abdulwahed Al-Sharjabi; and Mohammed Al-Jaber, supervisor general of the Saudi Development and Reconstruction Program for Yemen.


Saudi FM receives Salvadoran counterpart in Riyadh

Saudi Foreign Minister Prince Faisal bin Farhan receives his Salvadoran counterpart Alexandra Hill Tinoco in Riyadh on Wednesday
Updated 01 May 2024
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Saudi FM receives Salvadoran counterpart in Riyadh

  • During the reception, the ministers reviewed relations between the Kingdom and El Salvador and opportunities to enhance cooperation

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan received his Salvadoran counterpart Alexandra Hill Tinoco in Riyadh on Wednesday.

During the reception, the ministers reviewed relations between the Kingdom and El Salvador and opportunities to enhance cooperation between the two countries in all fields.

Various topics of common interest were also discussed during the meeting.