New city at Half Moon Bay in EP to create 90,000 jobs

Updated 14 August 2015
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New city at Half Moon Bay in EP to create 90,000 jobs

ALKHOBAR: The Eastern Province municipality is planning a model city comprising a residential, economic and tourism center in Half Moon Bay, Al-Aziziyah district.

The city would contribute significantly to expected growth in accordance with the master plan for the province, said EP Deputy Mayor Jamal bin Nasser Al-Mulhim.
“The city will be established as per international standards with respect for Islamic traditions. It will attract residents and visitors and provide a unique urban environment, using modern facilities to recycle water and waste to produce new energy,” he said.
According to Al-Mulhim, several studies have been conducted concerning the development of Half Moon Bay as a center for tourism and recreation in the Eastern Province. New strategies will be developed over the next 30 years in order to establish a new city equipped with all necessary facilities, requirements and services.
About the new city, the official said that it would be an integrated center with facilities for 650 boats, conferences and exhibition center and a maritime museum, besides 88,000 housing units, commercial areas, offices, a techno-park and various kinds of public transport.
“Several meetings have been held to discuss the development of Half Moon Bay and collect information on the current situation, to identify available opportunities and re-formulate objectives, preparation and delivery of final designs,” said Al-Mulhim.
“The project will be implemented in six stages, as the municipality coordinates with a number of local and international companies to develop the public perception of the city. The new city is expected to make a quantum leap in the province during the next 30 years, taking into account the importance of linking the new city with Dammam for easy access and the strategic location of Half Moon Bay,” he said.
The new city will include a technology valley, an environment-friendly family oasis and functional integration with Dammam and enhancement of its regional position.
The new city will absorb 350,000 people, provide 90,000 jobs over the next 30 years, and support the domestic tourism sector through resorts, hotels, tourist villages and entertainment services, the official said.


FaceOf: Ahmad Al-Khatib, chairman of the board of directors of the Saudi Arabian Military Industries

Ahmad Al-Khatib
Updated 27 May 2018
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FaceOf: Ahmad Al-Khatib, chairman of the board of directors of the Saudi Arabian Military Industries

  • Saudi Arabian Military Industries aims to aims to reduce the country’s reliance on foreign purchases of military products

JEDDAH: Ahmad Al-Khatib was appointed the chairman of the board of directors of the Saudi Arabian Military Industries (SAMI) in October 2017. 

He also holds the posts of chairman of the board of directors of the General Entertainment Authority (GEA) since 2016; chairman of the board of directors of the Saudi Fund for Development; adviser to the general secretariat of the Cabinet; adviser to the minister of defense; and adviser to the court of the crown prince.

Al-Khatib inaugurated on Friday the new facilities of the Aircraft Accessories and Components Company (AACC) at its new headquarters at King Abdul Aziz International Airport in Jeddah during a ceremony under the patronage of Crown Prince Mohammed bin Salman.

SAMI aims to reduce the country’s reliance on foreign purchases of military products and become one of the top 25 global companies in the field of military industries.

“Our goal is to localize more than 50 percent of the Kingdom’s military spending by 2030,” said the crown prince in his earlier statement.

Al-Khatib is a former adviser to the royal court, was the minister of health between 2014 and 2016, and served as the chairman for the Saudi stock company established in 2006, Jadwa Investment.

Al-Khatib has 23 years of experience in banking. In 1992 he joined the Bank of Riyad, working in various departments for 11 years and helping to establish the customer investment department. 

In 2003, Al-Khatib joined SABB Bank and participated in the establishment of Islamic Banking (Amanah). He then became the bank’s general manager.