RIYADH: Saudi Arabia’s Citizen Account Program deposited SR1.9 billion ($506 million) into the accounts of 10.5 million beneficiaries for July. Total compensation for the previous installment, paid retroactively, stood at SR35 million.
The national scheme was created to protect Saudi households from the direct, indirect and expected impacts of the various economic reforms taking place in the Kingdom through monthly cash transfers into their accounts.
The cash transfer program has distributed SR99 billion in payments since it was launched in December 2017.
Sultan Al-Qahtani, the program’s spokesman, said that 77 percent of the total beneficiaries received full benefits, with an average support of SR1,055 per household.
Heads of household reached more than 2 million, constituting 93 percent of total number of beneficiaries, while dependents amounted to more than 8.3 million. The cost-of-living supplements for Saudi citizens are based on a household’s total monthly income and the number of people living in the property, as well as their age.
Saudi Citizen Account Program deposits SR1.9 billion for July
https://arab.news/m4paz
Saudi Citizen Account Program deposits SR1.9 billion for July
- The cash transfer program has distributed SR99 billion in payments since it was launched in December 2017
Saudi Arabia’s Qiddiya ‘shaping the future,’ says executive ahead of Six Flags opening
- Minister of Media Salman Al-Dosari underscored the Kingdom’s recent monumental achievements in alignment with Six Flags Qiddiya City’s symbolic upcoming opening, stating: “We, in Saudi Arabia do not start where others end, we start where others dream”
RIYADH: Qiddiya is “shaping the future of entire sectors,” the entertainment megaproject’s managing director said at a press conference on Monday ahead of the official opening of Six Flags on Dec. 31.
Abdullah Al-Dawood took to the podium to share his pride in Qiddiya City’s speedy progress.
“Today, Six Flags Qiddiya City is complete, and Aquaarabia is over 95 percent complete,” he said.
With doors set to open in nine days, Al-Dawood made sure to remind the audience that this milestone is only the beginning of a grander vision for Qiddiya City and the Kingdom as a whole.
“What we are doing today goes beyond simply developing a project, it is about building a city and shaping the future of entire sectors. God willing, the Kingdom will be among the leading countries in the fields of entertainment, sports, culture and tourism” he said.
Minister of Media Salman Al-Dosari underscored the Kingdom’s recent monumental achievements in alignment with Six Flags Qiddiya City’s symbolic upcoming opening, stating: “We, in Saudi Arabia do not start where others end, we start where others dream.”
En route to the park, Qiddiya executives welcomed members of the press to their grand project as mountains made way to rollercoaster views.
Qiddiya’s progress in becoming a hub for entertainment and sports is visible in the daylight as cranes and construction crew gathered to finalize building some of the most anticipated projects such as Aquaarabia, a waterpark, and golf courses in the heart of the desert.
The park is the first Six Flags outside of North America and forms part of Qiddiya Investment Co.’s flagship development.
