World Economic Forum special meeting in Saudi Arabia becomes latest coronavirus casualty

A logo of the World Economic Forum (WEF) is pictured during a session in Davos, Switzerland, January 22, 2020. (Reuters)
Short Url
Updated 07 March 2020
Follow

World Economic Forum special meeting in Saudi Arabia becomes latest coronavirus casualty

  • The special meeting of the World Economic Forum has been rescheduled for Spring 2021
  • It joins a list of events across the region and the world that have been canceled or delayed for public health reasons

LONDON:  The planned special meeting of the World Economic Forum in Saudi Arabia next month has been called off because of fears over the spread of the coronavirus.

Instead, the gathering has been rescheduled for Spring 2021. It would have been the first time the Kingdom had hosted the high-profile gathering.

It joins a list of events across the region and the world that have been canceled or delayed for public health reasons.

“Given the dynamic situation surrounding the Coronavirus globally and after careful consideration, the World Economic Forum and our partners in Saudi Arabia have agreed to reschedule this Special Meeting to Spring 2021,” the World Economic Forum said in a statement to Arab News.
“Public private cooperation has never been more important. We remain committed to driving a forward-looking agenda for the region through digital interactions, bringing together leaders from all stakeholder groups at the highest level.”

The announcement came as global stock markets tumbled on Friday and oil fell to its lowest since July 2017 as world health officials warned some countries were failing to take the coronavirus crisis seriously enough.
“This is not a drill,” WHO chief Tedros Adhanom Ghebreyesus told reporters. “This is not a time to give up. This is not a time for excuses. “This is a time for pulling out all the stops.”
The special meeting of the World Economic Forum was due to take place on April 5 and 6.


NHC begins delivery of first 2,000 units at Al-Fursan development

Updated 8 sec ago
Follow

NHC begins delivery of first 2,000 units at Al-Fursan development

RIYADH: Saudi Arabia’s National Housing Company announced on Friday the first phase of delivery of more than 2,000 residential units at the Al-Fursan development northeast of Riyadh.

The new housing was completed ahead of schedule, the Saudi Press Agency reported.

There were 759 new housing units in the Nasaj Al-Fursan project, 827 in the Saraya Al-Fursan project and 625 in the Al-Athba project.

NHC said in a statement that the early delivery reflected its commitment to improving customer confidence.

The projects are ready to receive residents, NHC added, providing them with a modern lifestyle in a residential environment that includes a number of facilities and services.

Saudi Arabia’s National Housing Company announced on Friday the first phase of delivery of more than 2,000 residential units at the Al Fursan development northeast of Riyadh. (SPA)

Al-Fursan is one of the major urban developments implemented by NHC and is strategically located near the capital’s airport.

It is set to be one of Saudi Arabia’s largest mixed-use housing developments, spread over an area of more than 35 million sq. m.

Al-Fursan will eventually provide more than 69,000 housing units once complete, according to the SPA, housing a population of more than 250,000 residents.

The development is being built with sustainability in mind, and so far nearly 350,000 cubic meters of construction waste have been collected and recycled, supporting national goals to develop sustainable infrastructure, advance the circular economy and improve resource efficiency.

Once completed, it will include 13 shopping centers, 16 health centers, 59 educational facilities, 84 mosques, 4 government offices, 3 post offices, 7 security offices, 16 parks and 141 commercial facilities.

The communities will be linked by more than 69 km of footpaths and cycle paths, and more than 400,000 trees will be planted.

NHC said that it has a vision to develop integrated projects that improve quality of life in a sustainable environment.

It further aims to consolidate its position as the largest real-estate developer in the Middle East.