Wednesday 18 January 2017
Saudi government

Saudi government working on $16bn housing plan

The Saudi government is working on an ambitious plan to provide housing to 52 per cent of its citizens under the National Transformation Programme 2020 (NTP) within the next four years, said a report. The ministry has set aside SR


Saudi buys minority investor shares in SITC

Shareholders in Saudi Integrated Telecom Co (SITC), which is due to be wound up, could be compensated earlier than expected after Saudi Arabia's finance ministry acquired minority investors' shares. Last week, a royal decr


Alfalak named official contractor by Saudi govt

Alfalak Electronic Equipment & Supplies, a leading provider of technology solutions in the Middle East, has been classified as official contractor for public projects by the government of Saudi Arabia. Alfalak can now bid on government


Taqnia to help build knowledge-based economy

The Saudi Company for Technological Development and Investment (Taqnia) has taken steps to set up a firm to bring technology and other innovation-centered businesses to the kingdom. A knowledge economy has been a major initiative

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