Saudi Arabia’s industrial sector set to thrive on innovative production principles RIYADH: Saudi Arabia is looking to adopt pioneering manufacturing techniques as it seeks to turn its industrial sector into a key driver of growth, according to a top analyst. Karim Shariff, Middle East head of advanced manufacturing services practice at Bain & Co., told Arab … Read more
Saudi Real Estate Refinancing Co. responsible for $13 billion additional liquidity in housing sector RIYADH: Saudi Arabia’s secondary market for residential real estate financing has received SR50 billion ($13 billion) from the company tasked with transforming the sector, Arab News has been told. The Saudi Real Estate Refinancing Co., SRC, established in 2017 and fully … Read more
TURKMENBASHI: On the Caspian Sea coast in Turkmenistan, Batyr Yusupov can no longer ferry his passengers between two ports. There is not enough water. “I used to go between Turkmenbashi and Hazar,” the 36-year-old ferry worker said of the ports separated by a small gulf on Turkmenistan’s coast.“But we haven’t been able to go there … Read more
PARIS: The controversial building of a tower to judge the surfing event at the Paris Olympics will go ahead despite the sport’s federation saying it is not required, chief organizer Tony Estanguet said on Wednesday. A proposal made by the International Surf Association (ISA) to Paris 2024 organizers and the Polynesian government suggested the use … Read more
WOLFSBURG, Germany: Patrik Schick scored a first-half hat-trick as Bayer Leverkusen thumped Bochum 4-0 at home to stay four points clear of Bayern Munich, who won 2-1 at Wolfsburg on Wednesday. Harry Kane’s 21st league goal was the difference in Bayern’s victory but Leverkusen continued their stellar record to claim the three points and keep … Read more
RIYADH: Investments in the aquaculture sector between Saudi Arabia and China are poised for growth, with discussions taking place at the Global Investment Promotion Conference in Shenzhen, China. Representatives from Saudi Arabia’s Ministry of Environment, Water, and Agriculture engaged with over 60 specialized Chinese firms to explore and expand opportunities, the Saudi Press Agency reported. … Read more