ThePlace: Saudi Arabia’s historic Uqair seaport

The port has seen the launch of Islamic armies that conquered Persia, India and reached the borders of China. (Photo/Saudi Tourism)
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Updated 09 February 2020

ThePlace: Saudi Arabia’s historic Uqair seaport

Uqair was the first seaport in the Arabian Gulf and is located in Al-Ahsa governorate on the east coast of Saudi Arabia. It is an archaeological site that connects with many adjacent historic features in the area.

When the Kingdom was established, Uqair was its economic gateway, and the main port through which to access the east and the middle of the country. Its historic position was strengthened due to the political agreements established during the reign of King Abdul Aziz. There are old buildings such as the governorate center, customs building and the mosque. 

The port has seen the launch of Islamic armies that conquered Persia, India and reached the borders of China.


MoU signed to facilitate investment in Saudi Arabia

Updated 21 February 2020

MoU signed to facilitate investment in Saudi Arabia

RIYADH: The Saudi Arabian General Investment Authority (SAGIA) and the Diriyah Gate Development Authority (DGDA) signed a memorandum of understanding (MoU) to step up cooperation, the Saudi Press Agency reported on Thursday.

Under the MoU, the two authorities will establish a joint working group to boost cooperation in several areas including facilitation provided to investors, conducting economic studies of the market, building partnerships with commercial and industrial bodies and local companies, launching businesses, promoting the ease of doing business, providing logistic support, participating in local and international exhibitions, forums and special visits and exchanging knowledge and information.

All this will predominantly be in aid of attracting local and foreign investors. 

“SAGIA believes in the importance of such cooperation that can unify and multiply the efforts in a way that sets the world’s attention on the Kingdom’s cultural and heritage treasures and investment opportunities,” said SAGIA Gov. Ibrahim Al-Omar.

“This is done through close cooperation with DGDA to highlight these opportunities and market them internationally and locally. This MoU is a step in the right direction to achieve the objectives and directives of both bodies.”

Jerry Inzerillo, CEO of the DGDA, said: “Cooperating with SAGIA is one of the most important international investment motors to attract local and international investments to the Kingdom. This comes at a time where developing the Kingdom’s investment infrastructure is found within the objectives of its Vision 2030.

“At DGDA, we aim at attracting the best technologies and regional and international investments to the Kingdom. This will contribute to the improvement of the local economy and promote our objectives seeking to turn Diriyah into the Kingdom’s gem and an international economic tourist destination,” he added.