Pensioners to be exempted from domestic labor fees

Updated 18 December 2012
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Pensioners to be exempted from domestic labor fees

Within few days, a decision will be announced that exempts pensioners from fees related to government services and domestic labor, said a local newspaper.
Said Al Ghamidi, the director of the division, said that the number of pensioners registered in the society are around 2300 men and women from various public and private sectors. He said that the society acquired a land of 12,000 meters from the Dammam Secretariat to build a number of health, cultural and social centers and clubs for its members.
Al Ghamidi pointed out that the society is keen to listen to all the pensioners’ demands through the propositions they send to the fund and by listening to their suggestions at the regular meetings that the society holds throughout the year.
Most of the pensioners requested the provision of medical care for them and their family members, as well as being relieved from government fees, such as the fees for domestic help. Other requests included reducing the fare they pay in transportation and preferential treatment in receiving loans from the Real Estate Development Fund.
The National Society for Pensioners called upon all pensioners, from the education sector in particular to benefit from employment opportunities available through a program called “We are All Good People, My School is My Responsibility.” This project was a collaborative initiative signed between Al Baik Food Systems, the Ministry of Education and the National Society for Pensioners.
“The role of pensioners in this project entails training and supervising the workers participating in the project on the five steps concerning the preservation of the school environment. The training will be held in Jeddah for two days and there is a bonus of SR 200 for each pensioner’s visit to the assigned schools in the district, as well as other prizes and recognition certificates,” said Abdulrahman Al Sharef, the general director of the society.


Qiddiya Investment Company officially established as standalone company

Updated 21 May 2018
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Qiddiya Investment Company officially established as standalone company

  • The Public Investment Fund has announced Qiddiya as one of three giga-projects and part of Saudi’s Vision 2030
  • Covering 334 square kilometers – 2.5 times the size of Walt Disney World – Qiddiya will shape Saudi Arabia’s multi-sector economy

RIYADH: Qiddiya, the entertainment, sport and cultural destination being built 40 kilometers outside Riyadh, has officially been incorporated as a standalone company as the Qiddiya Investment Company (QIC).
The move cements another key component in its progress toward phase one of completion, scheduled for 2022.
On the heels of the official Qiddiya ground-breaking ceremony last month, the Saudi Ministry of Commerce and Investment has officially incorporated and registered the project as a closed joint-stock company, wholly owned by the Kingdom’s Public Investment Fund (PIF) and subject to Saudi Arabian law.
The project was announced by Crown Prince Mohammed bin Salman on April 7, 2017.
The Public Investment Fund has announced Qiddiya as one of three giga-projects and part of Saudi’s Vision 2030 to create “a vibrant society, a thriving economy and an ambitious nation.”
Covering 334 square kilometers – 2.5 times the size of Walt Disney World – Qiddiya will shape Saudi Arabia’s multi-sector economy, help secure sustainable growth and improve the quality of services to citizens.
By providing a world-class entertainment option inside the Kingdom, QIC will allow the domestic economy to recapture a market share of the $30 billion spent annually by Saudis on foreign tourism. These funds will remain in the Kingdom to be reinvested for the benefit of citizens.
“Incorporation is a key milestone as we move from planning to performance. As a fully independent entity, we will draft our own budget and re-commit ourselves to our responsibilities, as we move forward with this project that has the potential to enrich the lives of all Saudis,” said Michael Reininger, CEO for Qiddiya.
“This step brings us closer to the day when we can satisfy the demand of a powerful and untapped Saudi market for new and accessible activities. It is for these future visitors – the nearly two thirds of the Kingdom’s population under 35, the more than 7 million people who reside within 40 kilometers of our location on the doorstep of Riyadh – that we at Qiddiya Investment Company aspire to build a better future filled with culture, sports, entertainment, and opportunity,” he said.
The ground-breaking ceremony was on 28th April, 2018, an event attended by King Salman and Crown Prince Mohammad bin Salman.