King Salman recovering in Neom after surgery

(SPA)
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Updated 14 August 2020

King Salman recovering in Neom after surgery

RIYADH: King Salman arrived in the city of Neom where he will spend time recuperating following surgery, the Saudi Press Agency reported on Thursday.

He left King Faisal Specialist Hospital and Research Center in Riyadh on July 30 following a successful laparoscopic operation to remove his gallbladder.

King Salman was admitted to hospital 10 days earlier to undergo medical tests due to cholecystitis.

Neom, where King Salman also spent a holiday last year, is near the northwestern city of Tabuk, close to the border with Egypt. The $500 billion megacity is being marketed as a global tourist destination and is a key part of the Kingdom’s strategic vision to diversify the economy.

The project aims to attract new business and develop future technologies, while also acting as a major economic power and leading center for global investment.

Neom has financial support from the Saudi Public Investment Fund. The initiative emerged from the Kingdom’s Vision 2030 reform plan that seeks to reduce the Kingdom’s dependence on oil, diversify its economy and develop public service sectors.

 


Saudi Arabia gives rental relief to municipal space investors

Updated 18 min 33 sec ago

Saudi Arabia gives rental relief to municipal space investors

  • The decision will help over 50,000 facilities deal with the economic effects of coronavirus
  • Minister of Municipal and Rural Affairs Majid bin Abdullah Al-Hogail thanked the two leaders

DUBAI: King Salman and Crown Prince Mohammed bin Salman have approved a plan to exempt investors in municipal spaces about 25 percent of rental fees, state news agency SPA has reported.
The decision will help over 50,000 facilities deal with the economic effects of coronavirus by relieving them off payments amounting to over $151.9 million, the report added.
Minister of Municipal and Rural Affairs Majid bin Abdullah Al-Hogail thanked the two leaders.
“I extend my sincere gratitude for the Custodian of the Holy Mosques for issuing the generous approval to exempt investors with municipalities by 25% of the rent of municipal real estate this year to mitigate the effects of the coronavirus pandemic, which contributes to creating an attractive investment environment with the municipalities,” he tweeted.

Saudi Arabia announced a further drop of daily coronavirus cases on Sunday, as the number of total infections grew by 403 to 317,005.