Riyadh Development Co News Today

RIYADH: The Saudi capital is set to witness a flurry of investments in the second quarter of 2023 as Riyadh municipality has launched more than 40 initiatives for investors, the Saudi Press Agency reported. The municipality is offering new investment opportunities in different sectors such as industries and sports. Its secretariat stated the opportunities are aimed at

RIYADH: Remat Al-Riyadh Development Co., the development arm of the Riyadh municipality, has announced the launch of investment opportunities in outdoor advertising in the city of Riyadh. These opportunities include new advertising formats that will be activated for the first time in the Saudi capital. Salman Al-Dahmash, the deputy mayor of Riyadh municipality for investment

RIYADH: Riyadh Development Co. hopes to pull in SR1 billion ($270 million) in revenue over the next 10 years by becoming an active real estate developer instead of just an investor. The firm’s new strategy was announced by its chairman Prince Faisal bin Abdulaziz bin Ayyaf as he set out plans to turn the company, known as ARDCO, into a full-fledged holding company. Bin Ayyaf,

RIYADH: Riyadh Region Municipality’s mayor has launched a development arm to enhance the quality of services and achieve economic and social development for the region. Remat Al-Riyadh Development Co. will support the municipality’s operational roles in the region to enable the private sector to implement and develop municipal projects, according to a statement. The

RIYADH: Saudi Arabian stocks gained on Wednesday, supported by a rise in oil prices despite ongoing concerns over a potential global recession. The main index TASI advanced 0.5 percent to reach 11,727, while the parallel market, Nomu, added 1.8 percent to 20,728. TASI was lifted by a 0.9 percent rise in oil giant Aramco and a 2.9 percent surge in the Kingdom’s biggest lender

RIYADH: Saudi Arabia’s stock market fell to close the previous week lower as investor sentiment was dragged down by concerns over an economic slowdown and recession. TASI lost 1.3 percent on Thursday to end at 12,605 points, while the parallel market, Nomu, was down 0.2 percent to 22,844. Stock exchanges in the Gulf all declined in line with Saudi Arabia, while Oman bucked the