A billionaire businessman and investor Yusuff Ali M. A., who heads the retail giant Lulu Group, announced that the group will go ahead with the SR1.5 billion ambitious expansion plan in the Kingdom, as the “Saudi economy is strong and in good shape to meet challenges.”
Saudi Arabia is facing a water crisis. Despite the Kingdom’s massive investments in desalination plants, demand is growing at a rate that threatens to outstrip supply, leading to the formulation of ambitious plans for the expansion of its desalination plants at a cost of tens of billions of dollars. Policy makers and private sector stake holders in the Kingdom have been calling for reforms in the water sector, including water use, wastewater recycling and introduce innovative technologies.
RIYADH: Custodian of the Two Holy Mosques King Salman was conferred on Sunday the highest Mexican honor for his contributions to promote bilateral relations and for his “distinguished services to mankind in general.”
RIYADH: Saudi Arabia may take more deterrent measures against Iran to check its foreign policy behavior and to contain its growing interference in the affairs of Arab states, Foreign Minister Adel Al-Jubeir said on Saturday.
RIYADH: All Iranian diplomats left the Kingdom on Tuesday after being expelled by the Saudi government following the attacks on the Saudi Embassy in Tehran and its consulate in Mashhad, the second most populous city in Iran.
RIYADH: Saudi Arabia on Sunday officially severed ties with Iran over the storming of the Saudi Embassy in Tehran, following the execution of Saudi Shiite radical Nimr Al-Nimr.
RIYADH: In a historic move, the Kingdom has cut its reliance on oil-generated income to 70 percent in 2015, which signals a progressively growing economic diversification program strongly backed by the Saudi government.
The kafala system, which requires all workers in most Gulf states to have a sponsor responsible for their visa and legal status, will top the agenda of the meeting of labor ministers of the six-nation Gulf Cooperation Council in Kuwait on Tuesday, a GCC statement said. Adel Fakeih, labor minister, will lead the Saudi delegation to the GCC meeting.
Foreign ministers of the six-nation Gulf Cooperation Council will hold an important meeting on Tuesday to prepare for the GCC summit to be held in Doha on Dec. 9 and 10. “The ministerial meeting is, in fact, a preparatory meeting for the forthcoming 35th session of the GCC Supreme Council,” said a statement released by the GCC General Secretariat.
Foreign Minister Prince Saud Al-Faisal met US Secretary of State John Kerry in Vienna on Sunday and discussed latest developments on America’s nuclear talks with Iran.