Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - SR17bn plan to develop Al-Uqair beach  Join our daily free Newsletter

MENAFN - Arab News - 09/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Hamad Alsimaeel, vice president of the Saudi Commission for Tourism and Antiquities (SCTA), has announced that the commission is expecting to welcome visitors to Al-Uqair beach in early 2017.
Alsimaeel said that according to the commission's estimates, Al-Uqair Development Company amassed a total of SR17 billion worth of investments to develop Al-Uqair beach, while general investment in the Al-Uqair area is expected to reach SR34 billion.
"The project is expected to create 37,700 direct job opportunities and another 56,000 indirect and seasonal job opportunities," he said.
Alsimaeel reeled the figures off during a presentation to Al-Ahsaa's Development Counsel, in which he conveyed to the members the latest developments and details regarding the project's progress. He also informed the council about the updates since Al-Uqair Development Company signed the contract to develop the area.
In addition, Alsimaeel presented the counsel with the progress achieved with regard to Al-Uqair's title deeds and the coordination efforts under way with the Ministry of Commerce to submit the necessary paperwork related to thproject to Custodian of the Two Holy Mosques King Abdullah for approval.

The SCTA official said Prince Sultan bin Salman has approved the project and is keen to ensure that the governor of Al-Ahsa, members of the counsel and the community are well-informed of the project and its developments.
Al-Ahsa Mayor Fahad Al-Jubair underscored the municipality's efforts to direct Al-Ahsa's urban center toward the coast of Al-Uqair beach. He also emphasized that the municipality is working in close cooperation and coordination with SCTA to develop the beach through various investment projects.
The government has allocated SR1.4 billion in financial support to begin work on the project's infrastructure, asserted the mayor, adding that SR1 billion will be used to bring electricity to the area and another SR400 million for sewage and water systems.
Al-Jubair said the Al-Uqair development project aims to transform the area into an entertainment and tourism destination, taking into account the unique characteristics of Al-Uqair, including the beach, the oases, the desert terrain and the cultural monuments and antiquities present there.


 


Arab News




  MENA News Headlines
 May 4 2016 - Ferocious fighting in Syria's Aleppo after rebel offensiveThe Peninsula
(MENAFN - The Peninsula) Syrian opposition forces attack Assad Regime headquarters at Al-Zahraa district from Leyramun region of AleppoSyriaon May 3 2016. Anas Sabagh/ Anadolu Agency ...

 May 4 2016 - Rihanna to perform in Abu DhabiThe Peninsula
(MENAFN - The Peninsula) Doha: Rihanna is performing in Abu Dhabi later this year. Her act will be part of the Abu Dhabi Grand Prix in November. Her show will be part of the Yasalam After-Race ...

 May 4 2016 - Kuwait's GDP growth slips to 7.5 percentMENAFN
(MENAFN) Credit growth viewed a moderate gain in Feb, though growth slipped to 7.5 percent, while whole credit was up by USD 275.6mn during the month.Furthermore, household debt posted smaller gains ...

 May 4 2016 - UAE's output sector increases steadilyMENAFN
(MENAFN) UAE's output, new orders and input increased more slowly, whereas the main effort on the sector was inactivity in employment.However, cost pressures remained quiet and charges continued to ...

 May 4 2016 - Kuwait- His Highness the Amir receives His Highness the CP Speaker Acting PMKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT May 4 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Wednesday His Highness the Crown Prince Sheikh ...

 May 4 2016 - Child born on Dubai-Philippines flight buried in IndiaKhaleej Times
(MENAFN - Khaleej Times) A Filipina nurse returning to her country from Dubai gave birth on an airplane last week but lost her prematurely-born child at an Indian hospital Indian media reported on ...

 May 4 2016 - Abu Dhabi's address system nearing completionKhaleej Times
(MENAFN - Khaleej Times) The new addressing system in the capital has completed 90 per cent of the work the Abu Dhabi City Municipality has said. The Department of Municipal Affairs and Transport ...

 May 4 2016 - Pakistan: No military action against Afghan Taliban on its soilThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >Pakistan is rejecting Afghan demands for military action against Taliban commanders within Pakistan and emphasizes the need to continue talks for a ...

 May 4 2016 - UN resolution aims to protect medical and aid workersThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >The United Nations Security Council has adopted a resolution on the protection of medical personnel and facilities in conflict zones. The resolution ...

 May 4 2016 - Intra-Yemeni peace talks to resumeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) KUWAIT 4th May 2016 (WAM) -- The three Yemeni negotiating teams are expected resume the peace talks later today three days after the government delegation ...

 May 4 2016 - Gargash: UAE needs faithful intellectual efforts to enhance its developmentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 4th May 2016 (WAM) -- Dr. Anwar bin Mohammed Gargash Minister of State for Foreign Affairs has said that the UAE in its march towards development ...

 May 4 2016 - Emir of Qatar receives UAE AmbassadorEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DOHA 4th May 2016 (WAM) -- Sheikh Tamim bin Hamad Al Thani Emir of the State of Qatar has received Saleh Mohamed bin Nasra Al Amri UAE Ambassador to Qatar. ...

 May 4 2016 - UAE- Gargash honours winners of Sultan bin Ali Al Owais Cultural FoundationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 4th May 2016 (WAM) -- Dr. Anwar bin Mohammed Gargash Minister of State for Foreign Affairs and Chairman of the Board of Trustees of the Sultan bin Ali ...

 May 4 2016 - UAE- ADNOC announces crude prices for AprilEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 4th May 2016 (WAM) -- Abu Dhabi National Oil Company ADNOC has announced its crude oil prices for April. A company statement said that the ...

 May 4 2016 - UAE- Armed Forces celebrate graduation of fifth batch of National Service traineesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AL AIN 4th May 2016 (WAM) -- H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai H.H. Sheikh Maktoum bin Mohammed bin Rashid Al ...

 May 4 2016 - Prosecutor says spying charges 'unfounded' in Cumhuriyet journalists' trialThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Public prosecutor Evliya Çalkan has said “espionage” charges against daily Cumhuriyet journalists Can Dündar and Erdem Gül who ...

 May 4 2016 - Turkey- MHP: Merkel using visa liberalization as 'carrot' for ncirlikThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkey’s primary nationalist opposition party leader has suggested thatGermanChancellorAngela Merkelhas been using an EU visa liberalization process ...

 May 4 2016 - Two rockets hit Turkey's KilisThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Two Katyusha rockets fired from Islamic State of Iraq and the Levant (ISIL)-controlled territory in Syria hit the southeastern border town of Kilis early on ...

 May 4 2016 - Abu Dhabi enters in collaboration with ChinaMENAFN
(MENAFN) Abu Dhabi has entered into collaboration with an Asian financial regulator, with the signing of an agreement with the China Banking Regulatory Commission.Moreover, the Abu Dhabi free zone ...

 May 4 2016 - Abu Dhabi- Gulf Capital to invest USD 1bnMENAFN
(MENAFN) Gulf Capital aims investments of USD 1bn as the private equity firm takes advantage of low valuations.Accordingly, it will be a great time to invest due to more deal flow, more firms, better ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help