Diyar Al-Muharraq briefs EDB on key project

The visiting delegation consisted of officials from the Economic Development Board and international investors.
Updated 17 May 2018
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Diyar Al-Muharraq briefs EDB on key project

Bahrain-based urban developer Diyar Al-Muharraq conducted a site visit for a delegation from the Economic Development Board (EDB) on May 8.

The visit was held in conjunction with Diyar Al-Muharraq’s participation in the Gateway Gulf Investor Forum Bahrain 2018, which took place from May 8 to 10 at the Four Seasons Hotel under the patronage of Bahrain’s Crown Prince Salman bin Hamad Al-Khalifa, who is also the chairman of the EDB.

The visiting delegation consisting of officials from the EDB and international investors who attended the forum, were received by officials from Diyar Al-Muharraq.

At the Diyar sales office, they were briefed on the significance of each prominent project and the different ways in which they contribute to both the economy and the culture of Bahrain.

They were then taken to the Marassi Al-Bahrain sales office, where they were introduced to the project by the Marassi sales team. The delegation toured the most noteworthy projects within Diyar Al-Muharraq, including Marassi Al-Bahrain and Dragon City, and was given the latest updates of each.

Diyar Al-Muharraq will participate in the Gateway Gulf Investor Forum Bahrain 2018, where Maher Al-Shaer, the company’s chief executive officer, will be a keynote speaker.

Elaborating on the visit, Al-Shaer said: “It brings me immense pleasure to be welcoming such a high-level delegation to Diyar Al-Muharraq as it is in keeping with both the transparency of our architectural aspirations and operations and is in tandem with the illustrious nature of our visionary development.

“We take pride in being a vital point of investment and bringing financial infrastructural progress to Bahrain. Therefore, we look forward to hosting the eminent investors who are part of the delegation and to elaborating on the vitality of our master-planned development, on a long-term basis, to both the Kingdom and the regional real-estate and property-development industry.”

Decoder

Bahrain Economic Development Board

The Bahrain Economic Development Board is a dynamic public agency with the overall responsibility for attracting investment into Bahrain.


STC wins Ookla award for fastest network in KSA

A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia February 6, 2018. (REUTERS)
Updated 20 January 2019
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STC wins Ookla award for fastest network in KSA

Ookla, the company behind Speedtest for internet testing and analysis, has recognized Saudi Telecom Company (STC) as the “fastest mobile network” in Saudi Arabia. STC achieved a speed score of 29.99 Mbps, with an average download speed of 32.95 Mbps.
The award is an outcome of millions of tests actively initiated by customers across the network to check internet speeds using various applications, and web and mobile platforms.
The Speedtest awards for top providers are determined using a “Speed Score” that incorporates a measure of each provider’s network speeds (download and upload) to rank network speed performance. The STC network was determined as the fastest in the Kingdom.
The telecom giant plans to increase this speed dramatically in the next couple of years to provide “impressive speeds and incorporate future services with KPIs (key performance indicators) targeting higher data rates, very low latency, massive device connectivity, IoT and energy efficiency services.” To achieve this, STC is transforming its existing network, upgrading its 4G-LTE network and rolling out the 5G network.
Haithem Al-Faraj, senior vice president, tech and ops, STC, said: “Our mission has always been to enrich society by providing second-to-none experience with the network. We are continuously improving our network speeds and rolling out new network technologies and services. STC 4G network is transforming all the time to provide remarkably faster speeds.”
He added: “We are also commercially rolling out the 5G network to introduce innovative services to our deserving customers in the Kingdom of Saudi Arabia and across the region. This esteemed Ookla award is a true manifestation of STC efforts to continually improve the network and get the network ready for the digital era, and to meet the Kingdom’s Vision 2030.”
We are very proud of this award and look forward to many similar awards and successes in the near future.”
STC is playing a pivotal role in the Kingdom’s Vision 2030 as an enabler for digital transformation in the public and private sectors and in the development of telecommunications and ICT infrastructure.