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 defense chief discusses regional situation with Turkish, Romanian counterparts

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Saudi defense chief discusses regional situation with Turkish, Romanian counterparts

RIYADH: Saudi Defense Minister Prince Khalid bin Salman had separate phone conversations with his Turkish and Romanian counterparts about the escalating regional crisis. 

In his call with Yasar Guler, Turkey’s Minister of National Defense, Prince Khalid said “we reaffirmed our commitment to all measures aimed at protecting our security.”

Prince Khalid wrote: “We condemned the Iranian attacks against our countries, discussed the impact of the regional escalation on security and stability.”

In a separate call, Prince Khalid spoke with his Romanian counterpart Radu Miruta, Minister of National Defense, who condemned the Iranian attacks targeting the Kingdom.

“We also discussed regional developments and the threat that the escalation poses to security and stability in the region and the world,” Prince Khalid wrote on social media about his meeting with Miruta.

The US and Israel attacked Iran on Feb. 28 and Tehran has attacked Gulf nations as well as Israeli and US assets in the region in an escalation that threatens security and economic stability.

Iran has said it is blockading energy shipments across the Strait of Hormuz, a vital waterway for the transfer of oil and gas, prompting a surge in the price of the commodities.