Riyadh Season 2024 to empower entrepreneurs and productive families

Agreement signed between Turki Al-Sheikh and the CEO of the Social Development Bank Sultan bin Abdulaziz Al-Humaid (SPA)
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Updated 20 October 2024
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Riyadh Season 2024 to empower entrepreneurs and productive families

  • Initiative is part of the collaborative efforts among government entities to support the local economy

Riyadh: Riyadh Season will allocate sales outlets in key locations this year to productive families and entrepreneurs during major events, the Saudi Press Agency reported.

The General Entertainment Authority and the Social Development Bank signed a cooperation agreement that will organize the participation of productive families and entrepreneurs, and allocate sales outlets in key locations throughout Boulevard World.

The agreement signed between the chairman of the GEA, Turki Al-Sheikh, and the CEO of the Social Development Bank, Sultan bin Abdulaziz Al-Humaidi, aims to empower the targeted groups by providing logistical and organizational support while highlighting Saudi products.

This initiative is part of collaborative efforts by government entities to support the local economy and achieve the objectives of Saudi Vision 2030 by enhancing local content and supporting the growth and sustainability of the entertainment sector.

 


Saudi navy launches first Tuwaiq Project combat ship in US

Updated 31 min 15 sec ago
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Saudi navy launches first Tuwaiq Project combat ship in US

  • The launch ceremony was attended by senior Saudi and US military officials

RIYADH: The Royal Saudi Naval Forces (RSNF) have launched His Majesty King Saud ship, the first of four multi-mission combat vessels under the Tuwaiq Project, in Wisconsin, USA.

The launch ceremony was attended by Chief of Naval Staff Lieutenant General Mohammed Al-Ghuraibi, senior Saudi and US military officials, and representatives from Lockheed Martin and Fincantieri, the companies overseeing the ship’s construction.

Speaking at the event, Al-Ghuraibi welcomed the successful launch and praised the strong support provided by the Kingdom’s leadership to the armed forces, particularly the RSNF, which has driven significant progress in naval modernization and development.

He described the Tuwaiq Project as a strategic cornerstone of the RSNF’s development, reflecting Saudi Arabia’s ambition to build a modern and professional naval force supported by advanced military technologies and comprehensive training programs for its personnel.

Al-Ghuraibi added that the project will enhance the navy’s operational readiness to safeguard the Kingdom’s strategic interests and protect vital maritime routes. He highlighted that the new ships are equipped with advanced combat systems capable of conducting a wide range of naval operations against aerial, surface, and subsurfac