20,000 houses ready for distribution in EP

Updated 31 October 2015
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20,000 houses ready for distribution in EP

DAMMAM: The Housing Ministry has announced it would soon hand over 20,000 properties to citizens in the Eastern Province.
Shaher Al-Sahli, general manager of the ministry in the Eastern Province, said that 13,000 beneficiaries in Dammam would receive apartments, land and loans, which would cover 35 percent of the waiting list in the city.
He said that the first stage of the ministry’s housing projects were completed in partnership with real estate developers. There have been a further 3,200 applications received by the Dhahran Exhibition Company.
He said the government has now completed its tender processes and contracted several real estate companies to start building homes for citizens. Some companies are on the verge of completing their projects, he said.
The first stage of the ministry’s rollout would include Dammam, Alkhobar, Qatif, Al-Ahsa, Hafr Al-Batin, Nairiyah and Abqaiq. He said the ministry is offering a wide range of options for citizens in the Eastern Province.
Al-Sahli said the second stage would cover about 65 percent of the waiting list, with the private sector playing a key role. “We are still holding workshops and meetings to attract developers ... to solve the housing crisis.”
In addition, the ministry said it is also making sure that nine projects that have been delayed for various reasons, are completed on time. He said about 100 citizens a day seek clarification on the ministry’s programs and apply for homes.
Eastern Province Gov. Prince Saud bin Naif said that the Al-Sharqiya Chamber’s real estate committee is currently helping to oversee the work and reporting to his office about the quality and pricing of the houses. He said the governorate does not interfere with the developers’ work.
Prince Saud said he had ordered the local ministry officials to ensure that the rollout timetable is finalized as soon as possible.


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.