Police plan control room to monitor ATMs

Updated 30 August 2013
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Police plan control room to monitor ATMs

Jeddah security authorities are studying the possibility of linking ATMs in the city with a security operation room for further surveillance around the clock.
Police spokesman 1st Lt. Nawaf Al-Bouq said the study also includes monitoring money-transfer vehicles via a tracking system.
Al-Bouq explained that prior coordination is in place between money-transfer vehicle firms and the security operation room to ensure no suspicious activity takes place during the replenishing of ATM machines with cash or to intercept other money-laundering activity.
“The Ministry of Interior notified transport firms of other precautionary measures for monitoring such activity,” he added.
A source at the National Commercial Bank said the study is in line with an important recommendation of a workshop held in Jeddah earlier this year. The workshop brought together parties such as the police department, banks, the Saudi Arabian Monetary Agency (SAMA) and money-transfer firms. They discussed proposals to find more integrated working methods.
The source said the Ministry of Municipal and Rural Affairs set out specific requirements for ATM machines in terms of their location and specifications.
Discussions are ongoing between bank administrations, the Ministry of Interior and SAMA to agree to more reliable standards concerning technical design, the security factor and specifications of the machines according to the location of the bank branch or the commercial center.
“Linking ATM locations and the operation room and supporting the movement of money-transfer vehicles with electronic surveillance to track down their course will provide clients and staff with the maximum protection,” said Al-Bouq, adding: “This is a good move in view of the increasing incidents of crime.”
Companies involved in physically transferring cash need to improve their security, said Al-Bouq. “We need to dismantle the existing monopoly and authorize the entry of new firms that are endorsed by SAMA and the Interior Ministry.”
He said that such procedures are bound to boost performance and services and safeguard money. “It will also give incentive to firms and workers operating in the field of money-transfer,” he noted.
“Money-transfer firms suffer from a high turnover in employees, which subsequently weakens their performance,” said Al-Bouq, wondering at the same time why Saudi youth leave this field of work. “This is a high-risk job. When Saudis find the incentives very low, they leave instead of taking risks.”
He called on authorities to find ways to promote these jobs so that young Saudi men view the work as attractive and safe.
In view of the increasing demand for ATM services, he said, there should be further expansion in granting licenses to more fund-transfer firms.


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.”