Custodian of the Two Holy Mosques King Salman announced four mega-entertainment projects named as King Salman Park, Green Riyadh, Sports Track and Riyadh Art in the capital city worth $22.9 billion during a Cabinet meeting, the Saudi Press Agency (SPA) reported. In line with the objectives of Vision 2030, the projects are expected to generate 70,000 job opportunities across the four projects and offer investment opportunities worth SR50 billion to local and foreign investors.
The project will see the creation of the world’s biggest park with more than 7.5 million trees planted, increasing the per capita share of green space in Riyadh by 16 times. The 13.4sq kms Salman Park located on the site of King Salman Airbase, old Riyadh airport will be the biggest city park in the world and linked to six main roads and highways in the heart of Riyadh.
Riyadh Art will be the biggest art project in a public space and include cultural and artistic institutions such as museums, theaters, and galleries to transform Riyadh into an “open exhibition” hosting the works of 1,000 local and international artists. The 135 km long sports track will connect the capital city from Wadi Hanifa in the east to Wadi Sulai in the west and will include jogging tracks, cycling and horseback riding tracks as well as sports and cultural centers.
Arab News – March 19 2019
Saudi Arabia is witnessing a rebound in construction activity due to headline infrastructure workloads increasing,according to the latest Middle East Construction and Infrastructure survey report published by RICS.
During the fourth quarter of 2018, contributors reported an improvement in operating conditions in the Kingdom and attributed the increase in infrastructure workloads as wide-ranging with water and utility projects, road, rail and energy projects experiencing robust growth. The survey reported an upturn in infrastructure workloads in the UAE as well.
The fourth quarter saw an increase in new business inquiries and new workloads have increased marginally.
Saudi Gazette – March 17 2019
The Ministry of Labor and Social Development has announced a four-day holiday for private sector employees for both Eid Al-Fitr and Eid Al-Adha festivals through its official Twitter account. According to the Umm Al-Qura calendar, Ramadan 29 will be the last working day before the commencement of Eid Al-Fitr holidays while Eid Al-Adha holiday will commence on Dhul Hijjah 9 (the day of Arafah).
As part of an awareness campaign through social media, the ministry emphasized the rights of private sector employees with regard to official holidays and personal holidays. The ministry also entitled private sector employees a one-day holiday for the Saudi National day which falls on September 23rd. If National day falls on a holiday, a day before or after it will be given as a compensatory off. However, if it falls on any one of the Eid days, then there won’t be any compensatory holiday given.
The ministry added that employees in the private sector are entitled to avail of three-day paternity leave with full pay, five-day marriage leave and five-day leave in the event of the death of wife or any one of parents or children.
Saudi Gazette – March 11 2019
Saudi Arabia announced plans to offer special “event” visas to foreign travelers for attending sporting events, concerts and business attractions as the oil-dependent country is taking steps to diversify its economy and become a major global tourism destination. Saudi embassies and consulates will be able to issue visas within 4 hours of receiving a request, the Saudi Cabinet announced.
Under the new visa category, the General Investment Authority, General Sports Authority and General Entertainment Authority will submit event details to the Foreign Affairs Ministry and state security at least two months ahead of the event. The details will then be updated in the visa system and foreign visitors can choose from the growing number of events. In line with the objectives of Crown Prince Muhammed bin Salman’s ambitious reform plan Vision 2030, the Kingdom is investing billions of dollars in sports and entertainment industry with the hope of increasing foreign as well as domestic tourism in the country and creating jobs for young Saudis.
Saudi Arabia’s investment in entertainment infrastructure is expected to reach SR240 billion over the next ten years, according to Turki Al-Sheikh, chairman of the General Entertainment Authority, and contribute SR18 billion to the country’s GDP and generate 224,000 new job openings by 2030.
Arab News – March 03 2019