Saudi King Salman chairs cabinet meeting for first time in NEOM

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Saudi King Salman chairs the council of ministers meeting for first time in Neom. (SPA)
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Saudi King Salman chairs the council of ministers meeting for first time in Neom. (SPA)
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Saudi King Salman chairs the council of ministers meeting for first time in Neom. (SPA)
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Saudi King Salman chairs the council of ministers meeting for first time in Neom. (SPA)
Updated 01 August 2018
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Saudi King Salman chairs cabinet meeting for first time in NEOM

  • Saudi Cabinet told terrorist attack on oil tanker proves militia threat
  • ‘Hand seaport to Yemeni government to protect maritime navigation’

JEDDAH: Saudi Arabia said on Tuesday that it would form a higher committee for hydrocarbons to be headed by Crown Prince Mohammed bin Salman, the Saudi Press Agency (SPA) reported.
The decision was approved in a Cabinet meeting chaired by King Salman at Neom, Tabuk region. The Higher Committee for Hydrocarbon Affairs will include the energy minister as well as the ministers of trade, finance and economy.
“The committee will be a reference for all hydrocarbon issues and everything relating to them and a representative of the state’s rights linked to them,” SPA said.
During the session, the Cabinet said that the failed terrorist attack by Iran-backed Houthi terrorist militias on a Saudi oil tanker in international waters, west of Hodeidah Seaport, proves the threat that these militias and those behind them pose to regional and international security.
The Cabinet said that threats to crude oil tankers affect international trade and maritime navigation in the Strait of Bab Al-Mandab and the Red Sea showed the importance of handing the Hodeidah governorate and its seaport to the Yemeni government to prevent its use as a base from which terrorist attacks could be launched against shipping routes.
The Cabinet expressed the Kingdom’s condemnation of suicide bombings that targeted a polling station in the Pakistani city of Quetta, and a security convoy west of the Afghan capital of Kabul, and the shooting in the Canadian city of Toronto. The Cabinet reaffirmed the Kingdom’s solidarity with those countries against acts of violence, terrorism and extremism.
The Cabinet thanked the king for his order to host 1,500 pilgrims of the martyrs of the Yemeni National Army and Sudanese forces participating in Determination Storm and Renewal of Hope operations within the Program of Guests of the Custodian of the Two Holy Mosques for Hajj this year.
The Cabinet praised the executive council of the International Monetary Fund, commending the efforts of the Kingdom’s government to implement its reform plans as part of Vision 2030, which came in implementation of the directives of King Salman and the follow-up by Crown Prince Mohammed bin Salman.
The Cabinet also praised the council’s expectations of Gross Domestic Product growth of 1.9 percent in 2018, and its welcoming of the Kingdom’s efforts to strengthen the fiscal situation that contributed to reducing the fiscal deficit.


Sakani program to add 11,000 homes in Jeddah

The Housing Ministry has deals with two real-estate companies. (Reuters/File)
Updated 18 October 2018
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Sakani program to add 11,000 homes in Jeddah

  • The first project, Rawabi Hijaz, is on private-sector land and will includes 9,502 units
  • The Ministry stressed its keenness to work with qualified developers to add to housing stock

JEDDAH: The Saudi Ministry of Housing has signed agreements with two real-estate development companies to add more than 11,000 homes in Jeddah for the Sakani program. The deals were signed on October 15 during an event announcing the program’s 10th batch of beneficiaries.
The first project, Rawabi Hijaz, is on private-sector land and will includes 9,502 units, while the second, Jeddah airport housing, is on land owned by the Ministry and will includes 2,203 units.
The agreements were signed in the presence of Minister of Housing Majid bin Abdullah Al-Hugail, National Housing Company CEO Mohammed bin Saleh Al-Bati, and officials from the ministry and the Real Estate Development Fund. They follow previous agreements signed by the Ministry of Housing with a number of developers to build housing in various regions of the Kingdom. Sixty projects providing more than 90,000 diverse homes, with prices ranging from SR250,000 to SR750,000 have already been launched.
The Ministry stressed its keenness to work with qualified developers to add to housing stock and support supply in the sector, to encourage competition between companies to meet the needs of citizens in a way that suits local markets and ensures the provision of continued maintenance services for the residential units.
“The real-estate developers with whom we signed contribute along with the Ministry to the service of citizens in order to provide a suitable residential environment on the levels of prices and specifications, while presenting the beneficiaries with the guarantees needed,” the Ministry said.
“These projects will be completed and handed over to the beneficiaries within a period not exceeding three years. These housing projects are integrated in terms of services and public facilities. They include mosques, public parks and green areas as well as government buildings.”