RIYADH: The Korea-Arab Friendship Caravan will arrive in Riyadh on Sunday. The touring event, a major cultural jamboree organized by the Seoul-based Korea-Arab Society, will feature a feast of traditional Korean entertainment, including music and dance. “Inspired by the old tradition of the caravans that connected the West and the East through the Silk Road, the Korea-Arab Society has been…
JEDDAH: Saudi Arabia has invested SR500 billion ($133.3 billion) in industrial, service and logistics projects and contracts, which will go a long way in cutting dependence on oil, and in diversifying the national economy.The Kingdom is also witnessing a remarkable demand in industrial investment after intensified efforts by the Saudi Industrial Property Authority (MODON) and other government agencies.“MODON’s success in…
RIYADH: Saudi Arabia and South Korea have made headway on 40 projects identified by a joint panel within the framework of Vision 2030, according to South Korean Ambassador Jo Byung-Wook. One of the biggest is a collaboration in the nuclear-energy sector, as part of which 48 Saudi nuclear engineers have so far been sent to South Korea to work with…
Riyadh Gov. Prince Faisal bin Bandar was the chief guest at a special celebration of Nepal’s National Day hosted by the Nepalese Embassy. The event, at the Cultural Palace in Riyadh’s diplomatic quarter, began with the national anthems of Nepal and Saudi Arabia. Then Dr. Mahendra Prasad Singh Rajput, ambassador of Nepal to Saudi Arabia, welcomed the guests — including…
RIYADH: Saudi Arabia’s National Day, celebrated every year on Sept. 23, has come a long way in broadening the concept of unification over the years.Though the National Day meant unifying disparate sheikhdoms under the nation’s founder, the late King Abdul Aziz, its implications across the political, socioeconomic and cultural spectrum have not been lost on successive rulers.It was King Salman…
RIYADH: Saudi rail chiefs plan to turn the Kingdom into a global logistics hub with an expanded network of commercial and industrial freight services. The Saudi Railway Company (SAR) already moved 9 million tons of freight last year, delegates to a forum in Riyadh were told. Compared with other means of transport, trains have a lower carbon footprint, cost less,…
Protective materials were used to shield some components from sand and extreme temperatures in Saudi Arabia RIYADH: The Haramain high-speed railway running between Makkah, Madinah and Jeddah is in the final stages of operational testing before its inauguration, Minister of Transport Nabeel bin Mohammed Al-Amoudi said on Monday. “This 450-km rail facility will be soon open for the public,” he…
RIYADH: Saudi Arabia celebrated International Literacy Day on Saturday with a pledge to raise its literacy rate from 94.4 percent to 100 percent in the near future. With illiteracy rates cut to below 5.6 percent, the Kingdom leads many Arab and Asian countries in achieving literacy targets. The current 94.4 percent literacy rate was achieved while boosting enrolment in thousands…
RIYADH: A package of incentives is to be offered to Saudi companies to list on the Riyadh-based stock market, with more initial public offerings (IPOs) expected next year, according to the CEO of the exchange. The Saudi Stock Exchange, known as Tadawul, expects IPOs to pick up next year, its chief Khalid Al-Hussan told Reuters, while the launch of stock index…
RIYADH: Parents in Saudi Arabia will spend millions of dollars on back-to-school shopping, according to retail analysts and market leaders.“Back-to-school is a major shopping event, and a sizeable amount is spent on school uniforms, shoes, books and other accessories,” Khaled Al-Ghanem, owner of the Al-Samran Stationery Store in Riyadh, told Arab News.Al-Ghanem said that “most hypermarkets, supermarkets, bookshops and stationery…