RIYADH: Saudi Arabia’s Ministry of Municipal and Rural Affairs and Housing signed an agreement with the National Housing Company worth more than SR40 billion ($10.6 billion) to develop the infrastructure of 11 cities around the Kingdom.
The agreement, which deals with financing and developing a portfolio of projects between the ministry and the National Housing Company, was signed during a ceremony held under the patronage of the Minister of Municipal and Rural Affairs and Housing, Majid Al-Hogail, and in the presence of Minister of Tourism Ahmed Al-Khateeb, Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli, and Minister of Transport and Logistics Saleh Al-Jasser.
This agreement provides more than 150,000 housing units of varying sizes and designs, covering 11 cities in the Kingdom. It also covers an area of more than 90 million square meters, while around 54 million square meters will be allocated for green and open spaces, public facilities, road networks and public transport.
The population capacity resulting from this agreement will reach 750,000 people.
The National Housing Company, in partnership with developers, will invest more than SR40 billion in the portfolio of these projects to develop comprehensive infrastructure, service delivery, and develop a range of quality of life facilities.
The company is the leading enabler of the real estate development sector and the largest major developer of suburbs and residential communities, and aims to increase the real estate supply in the Kingdom with various housing options, as part of the company’s endeavor to achieve objectives of the housing program as part of the Kingdom’s Vision 2030, by raising the proportion of housing ownership for Saudi families to 70 percent.
The signing of the agreement came on the sidelines of the Exhibition of Projects of Distinguished Cities under the patronage of King Salman, which is being organized by MOMRAH from Sept. 24 to 28 in Riyadh, in which the National Housing Company is participating as a strategic sponsor.
Saudi Arabia signs more than SR40 billion deal to develop local infrastructure in 11 cities
https://arab.news/v5tx8
Saudi Arabia signs more than SR40 billion deal to develop local infrastructure in 11 cities
- This agreement provides more than 150,000 housing units of varying sizes and designs
Qualitative leaps and record numbers are leading the Kingdom’s fisheries sector toward global leadership: vice minister
RIYADH: His Excellency the Vice Minister of Environment, Water and Agriculture, Engineer Mansour bin Hilal Al-Mushaiti, affirmed that the fisheries sector in the Kingdom has achieved qualitative accomplishments and record figures, with aquaculture production exceeding 192,000 tonnes.
This comes alongside the implementation of more than 410 projects in marine and inland waters, in addition to the export of approximately 59,000 tonnes of fishery products to more than 35 countries around the world, with a value exceeding SR1.3 billion ($346.66 million).
This was stated during His Excellency’s opening of the activities of the fifth edition of the Saudi International Marine Exhibition and Conference at the Riyadh International Convention and Exhibition Center, amid broad local and international attendance reflecting the exhibition’s growing stature as a regional and global specialized platform for the sector.
He stressed that the exhibition is no longer merely an event, but has become a global meeting platform, a growth driver, and a showcase reflecting the Kingdom’s leadership in the fisheries sector regionally and internationally.
He also underlined that this development is the result of the work of an integrated system that includes strategic planning, the development of policies and regulations, investor stimulation, and the capacity building of fishermen and practitioners.
These efforts have been led by the Ministry of Environment, Water and Agriculture, represented by the National Program for the Development of the Livestock and Fisheries Sector. They also include qualitative initiatives to support fishermen, regulate fishing activities, and develop port, transport, processing, and marketing services, positioning the Kingdom among advanced countries in the fisheries sector.
The vice minister of environment, water and agriculture also witnessed the signing of 13 memoranda, cooperation agreements, and investment contracts between a number of local and international entities, with an estimated value exceeding SR316 million.
These aim to develop investment opportunities in the fisheries sector, enhance the growth of local fishery exports to global markets, support fish and algae processing industries, and increase production efficiency to achieve food security and economic growth in line with the objectives of Saudi Vision 2030.
The exhibition, which runs for three days, is witnessing the participation of more than 30 countries and 120 exhibitors, and is expected to attract 15,000 visitors from various segments.
The event’s activities include 20 workshops in which 3,500 international and local investors and businesspeople are participating, in addition to 25 global speakers and experts.
Several countries are participating in the gathering, including China, Korea, Russia, and Norway, as well as Spain, France, and Germany, alongside the Food and Agriculture Organization of the UN.
This presence reflects the diversity of international expertise and the depth of global interest in the fisheries and aquaculture sector.
At the conclusion of the ceremony, His Excellency toured the exhibition pavilions, reviewed prominent modern technologies and solutions in the fields of fisheries and aquaculture, and listened to exhibitors’ explanations of the latest innovations, products, and services. He stressed the importance of such exhibitions in transferring knowledge, supporting investment, and enhancing the competitiveness of the fisheries sector in the Kingdom.
