Tag Archives: KSA

At a time when the Kingdom of Saudi Arabia’s National Transformation Plan is well underway to reduce the nation’s public-sector dependence by 2030, a delegation from Sharjah visited two major cities of the Kingdom — Jeddah and Mecca recently to explore prospects for new partnerships in non-oil sectors, which will drive regional growth. The Sharjah FDI office (Invest in Sharjah) led the delegation, taking them on a ‘Sharjah Roadshow in The Kingdom of Saudi Arabia’ through the two cities, and facilitated various networking meetings with leading Saudi businessmen, government representatives and industry experts. Through the two-day roadshow, Saudi Arabian players took a closer look at Sharjah’s rapidly diversifying and investor-friendly economy in major non-oil sectors including tourism, hospitality, real estate, trade, media, health, education, renewable energy and SMEs. They explored ways in which they can leverage these opportunities to promote and strengthen KSA’s private sector. The delegation comprised HE Aref Ali Al Tabour Al Nuaimi, Consul General of the UAE, Jeddah; HE Marwan bin Jassim Al Sarkal, Executive Chairman, Sharjah Investment and Development Authority (Shurooq); Sheikh Saud bin Mohammed Al Qasimi, Deputy Head — Industrial Investment, Sharjah Economic Development Department and Mohammed Juma Al Musharrkh, CEO, Invest in Sharjah. The delegation also included Ibrahim Al Hashimi, Director — Government Relations, Sharjah Media City (Shams); Samer Bukamel, Vice President — Sales, ARADA and a number of officials and representatives from government and private bodies in Sharjah. Al Sarkal highlighted the strong bilateral relations the UAE and KSA share, especially in economic sectors. The UAE is the Kingdom’s biggest trade partner in the Gulf and greater Arab region. In 2017, the value of trade between the two countries was approximately $23 billion. He …

Dubai welcomed a record 8.10 million international overnight tourists during the first six months of 2018, representing a consistent increase on the same period last year. Figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) have confirmed the continued success of the emirate’s tourism sector. A destination of choice for a number of global markets, Dubai is on track for projected growth into the second half of 2018. Top source markets continued to witness stable year-on-year performances in the first half of 2018, with India, KSA and the UK retaining their top three positions when compared to the same period last year. India again brought in the highest number of international guests, once again crossing the 1-million-mark over a six-month period, up by 3 per cent year-on-year. KSA and the UK retained their spots as the second and third largest feeder markets respectively, with the former rallying to a slight increase and remaining as the highest traffic driver from the GCC region. His Excellency Helal Saeed Almarri, Director General, Dubai Tourism, commented, “The first six months of 2018 have both generated and sustained a steady performance, supporting strong growth across our global feeder markets. Attracting 8.10 million visitors during the first half of 2018 stands us in good stead as we accelerate momentum towards our visionary aspiration of becoming the most visited city in the world.”