RIYADH: The Ministry of Labor and Social Development is working on strategic partnership and integration with the business sector to stimulate growth and expand labor nationalization.
Ahmed Al-Rajhi, minister of labor and social development, announced the initiative during his meeting with members of Makkah Chamber of Commerce and Industry (MCCI).
The ministry has launched 71 services aimed at individuals and private establishments. Many of these services are available through the “Qiwa” portal, and all of the services will be available via the portal before the end of the year.
Al-Rajhi said that the ministry would empower and support all those in the development field and specialized societies, and sought to double the number of specialized societies in the coming years based on the Kingdom’s Vision 2030 reform plan. The minister spoke about the launch of 45 development programs to enhance social initiatives and the growth of the nonprofit sector to help citizens rehabilitate their professional capacities.
Hisham bin Mohammed Kaaki, chairman of the board of directors at MCCI, said that the number of training courses provided last year to help prepare citizens for the labor market surpassed 65 courses, benefiting 5,815 citizens.
Saudi Arabia’s new labor initiatives to promote growth, nationalization
Saudi Arabia’s new labor initiatives to promote growth, nationalization
- The ministry has launched 71 services aimed at individuals and private establishments
Al Akaria signs SR1.2bn agreement lease with Amsa Hospitality
- Project, located in Riyadh Diplomatic Quarters, spans approximately 40,000 sq. meters and includes 240 modern residential units, comprising 176 apartments and 64 villas and townhouses
- CEO of Amsa Hospitality Muin Serhan: We have a certain commitment to deliver to the community and to the project in particular
RIYADH: The Saudi Real Estate Co., also known as Al Akaria, recently announced the signing of a lease agreement for the Amsa Vue Residential Compound in Riyadh with Amsa Hospitality, with the total value of the project estimated at around SR1.2 billion ($320 million).
Spread across 20 years, the cost reflects the long-term nature of the investment and its focus on value, sustainability, and operational quality.
The project, located in Riyadh Diplomatic Quarters, spans approximately 40,000 sq. meters and includes 240 modern residential units, comprising 176 apartments and 64 villas and townhouses.
Acting CEO of Al Akaria Khalid Al-Sehaibany stated that the project embodies the company’s approach to developing residential communities that focus on an integrated experience built on quality planning and comprehensive facilities, elevating the standard of living in Riyadh.
CEO of Amsa Hospitality Muin Serhan told Arab News that the core philosophy behind the project is to create a space that focuses both on individuals and community values.
Serhan pointed out that this strategy is central to a broader ambition to redefine hospitality in Saudi Arabia by embedding the hallmark of Arabian hospitality into the brand’s identity.
“We have a certain commitment to deliver to the community and to the project in particular. Year on year, we're adding value to the landlord and the owners of the assets,” he said.
He outlined a clear vision for the company’s legacy, aiming to set a new standard for hospitality management in the region. The goal, he said, is to be the go-to partner for developers and asset owners seeking to integrate hospitality elements into their projects.
Serhan confirmed that this vision is currently being brought to life through close collaboration with contractors and designers.
He emphasized that the process is a “moving journey,” where the designer, the brand, and the location converge to create a product that truly reflects the local narrative.
