Citizens urged to comply with currency rules while traveling

Updated 18 January 2013
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Citizens urged to comply with currency rules while traveling

The Foreign Ministry has urged Saudi citizens to comply with the rules on the amount of cash they are allowed to take into other countries.
Every Saudi traveling to another country should be aware of the currency control rules applied there ahead of their travel to ensure full compliance with the law, the ministry said.
“Most countries demand that travelers taking in more than $ 10,000 declare the amount to the authorities at the entry points,” said Osama bin Ahmad Al-Senoussi, the Foreign Ministry undersecretary for consular affairs.
Travelers should be fully aware of the rules so they are not arrested or taken to court and that their money is not confiscated, he said.
Diplomatic missions in Saudi Arabia should be consulted for relevant information, the official said.
Last month, a Saudi singer faced problems entering Egypt after he landed with more than $ 10,000 in his possession.
According to a security spokesperson, Rabeh Saqr had SR 120,000 ($ 32,000) and $ 17,000 in cash when he arrived at a Cairo airport.
He was reportedly told that he could not enter the country with the full amount and the singer decided to leave, boarding a flight to Dubai.
Under a new rule adopted recently, Egypt bans all travelers from “bringing foreign currency in excess of $ 10,000 into the country or carrying it out.”
The decision stipulates that funds over $ 10,000 must be transferred electronically.


Saudi Arabia’s King Salman will patronize the launch of the Qiddiya Project

Updated 24 April 2018
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Saudi Arabia’s King Salman will patronize the launch of the Qiddiya Project

JEDDAH: Saudi Arabia’s King Salman will patronize on Wednesday the launch of the “Qiddiya” Project which is the new entertainment, sports and cultural destination in the Kingdom.
The project will be built in Al-Giddiya area, some 40 km west of the capital, Riyadh.
The foundation stone ceremony of will be attended by a host of local and international officials, as well as a number of decision-makers, major investors and representatives of the regional and international companies, marking the launch of the project’s formal infrastructure. The first phase will be completed by 2022.
In a statement to Saudi Press Agency (SPA), Dr. Fahd bin Abdullah Tounsi, Secretary General of the Foundation Council of the Qiddiya Project of the Public Investment Fund (PIF) said that the inauguration of this vital project is a real translation of the aspirations of the Kingdom’s wise leadership and its relentless efforts to develop mega projects that would contribute effectively to achieve many direct and indirect economic returns, and to advance sustainable development for the benefit of the homeland and the citizen, in accordance with the Kingdom’s Vision 2030.
“About two-thirds of the Kingdom’s population is under the age of 35. There is a great need for Qiddiya Project to provide them with entertainment. The project will save about $30 billion, which will be used to develop the domestic economy and create new job opportunities for Saudi youths,” he added.
For his part, Michael Reininger, Chief Executive of Qiddiya, said, “we are delighted to be a key contributor to boost the Kingdom’s economic development and investment, not only for the entertainment industry but also to projects that will develop the capabilities the young Saudi people.”