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Saudi Construction Industry Contributes 6% to GDP, Confirms Official

RIYADH: The construction sector, valued at over SR255 billion ($68 billion) accounts for 6 percent of the gross domestic product of the Kingdom, according to the chairman of Saudi Contractors Authority. Speaking at the Builders of Egypt Forum in Cairo on Sunday, Zakria Al-Abdulqadir said the construction sector is the second-largest non-oil sector in Saudi Arabia. The official said the authority organized the sixth edition of the Future Projects Forum last week, which showcased 3,000 projects worth around $270 billion.

“Red Sea Global of Saudi Arabia explores partnership opportunities in Egypt”

RIYADH: The Saudi-based Red Sea Global company held its second promotional procurement exhibition in Cairo, in cooperation with its media partner, MEED Network, and in the presence of representatives from more than 100 Egyptian companies from the private sector, the Saudi Press Agency reported on Monday. The exhibition is the second of its kind in a series of local, regional and international introductory meetings conducted by the company, which is wholly owned by the Kingdom’s Public Investment Fund.

Boosting Investment Partnerships: UAE and Egypt Collaborate

CAIRO: The UAE International Investors Council has signed a memorandum of understanding with the Egyptian-Emirati Business Council to enhance existing investment partnerships, the Emirates News Agency reported on Monday.  The memorandum aims to increase investment opportunities in the new economy, green projects, recycling, clean projects, the technology sector, and new digital technologies.

Egypt Claims Victory in 2023 Arab Beach Football Championship

RIYADH: Egypt’s national team were crowned the winners of the 2023 Arab Beach Football Championship after defeating Oman 4-2 in the final on Saturday in Saudi Arabia. The Egyptian players received the championship trophy and gold medals in the presence of the Arab Football Federation’s Vice President Hani Abu Raida, Secretary-General Dr. Rajaa Allah Al-Solami and Prof. Mohamed Rarawah in Jeddah. Hosted by the Saudi Arabian Football Federation, the competition began on May 11.

Saudi Minister Emphasizes Energy Collaboration with Arab and OPEC+ Nations for Global Oil Markets.

JEDDAH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman on Thursday said the Kingdom’s interest in energy cooperation with Arab countries is an integral part of its policy to strengthen its deep relations in all fields. Prince Abdulaziz said that this cooperation is embodied in coordination for joint Arab action in numerous projects, programs and initiatives, the Saudi Press Agency reported.

Arab Futsal Cup 7th Edition Groups Drawn in Jeddah

JEDDAH: The draw for the seventh edition of the Arab Futsal Cup was held on Tuesday in Jeddah ahead of the tournament taking place in the Kingdom from June 6-16. Alongside hosts Saudi Arabia, the first group will pit Algeria, Libya and Sudan against each other. In the second group, Morocco, Comoros, Kuwait and Lebanon will face off, while Egypt, Mauritania, Palestine and Iraq make up the third group.

UAE and Egypt Take Opposing Sides in Sudan Conflict: Analysis

With Egypt sidling up to Sudan's army and the UAE holding some sway over RSF, what will the regional implications be?

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