Saudi Arabia, UN member states urge global plan of action to ensure sustainable growth

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Updated 01 September 2020
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Saudi Arabia, UN member states urge global plan of action to ensure sustainable growth

JEDDAH:  Saudi Arabia and other UN member states have called for joint global action to ensure sustainable growth for a better and secure future for generations to come.

To mark its 75th anniversary, the UN launched a global dialogue initiative UN75 earlier this year. It aims to increase international cooperation through dialogue and to come up with innovative ideas for sustainable development.

As part of the initiative, the Saudi Green Building Forum (SGBF) organized a discussion under the auspices of the King Abdulaziz Center for National Dialogue (KACND) and the UN.

Speakers at the forum called for global efforts to fight the ongoing coronavirus disease (COVID-19) pandemic and to take measures to boost the global economy.

They were of the view that fighting these challenges is not possible for a single entity; it needs concerted efforts of all stakeholders.

Honorary guests included Dr. Mohammed Al-Issa, secretary-general of the Muslim World League.
Highlighting the Saudi efforts against COVID-19, he said: “Calamities and disasters impact everyone but societies that are more vulnerable must be at the center of global attention and care.”

He stressed the need for local, regional, and international cooperation to ensure a secure future and growth.

Al-Issa said the Kingdom not only took effective measures to fight COVID-19 at the local level but it also generously contributed to the World Health Organization’s global efforts to check the spread of the virus and help people in need around the world.

Faisal Al-Fadl, the SGBF founder, said this global dialogue hopes to motivate decision-makers and young entrepreneurs to localize recommendations and propositions presented by experts.
 


Al Akaria signs SR1.2bn agreement lease with Amsa Hospitality 

Updated 25 February 2026
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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.