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Diriyah Gate and Saudi Council of Engineers sign MoU

Diriyah Gate and Saudi Council of Engineers sign MoU
The MoU was signed by Abdulmohsen Almajnouni, secretary-general of SCE, and Jerry Inzerillo, CEO of Diriyah Gate Development Authority.
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Updated 01 December 2024

Diriyah Gate and Saudi Council of Engineers sign MoU

Diriyah Gate and Saudi Council of Engineers sign MoU

Diriyah Gate Development Authority has signed a memorandum of understanding with the Saudi Council of Engineers to expand collaboration between the two entities. This agreement will consolidate efforts in the engineering sector, including the development of policies and regulations, implementation of oversight and inspection mechanisms, simplifying procedures related to permits and licenses, exchanging data and expertise, and working on joint projects and initiatives.

The MoU was signed by Jerry Inzerillo, CEO of DGDA, and Abdulmohsen Almajnouni, secretary-general of SCE. The MoU emphasizes the necessity of unifying efforts between the two parties, facilitating procedures, and enabling collaboration to enhance quality, increase efficiency, and ensure continuity of work while maintaining agility in jointly addressing challenges.

Through the exchange of relevant statistics, studies, and research, the memorandum will help strengthen the relationship between the two parties, helping to achieve their shared goals and aspirations. Additionally, it seeks to contribute to the implementation of joint projects and initiatives. A joint working team will be established to enhance collaboration in shared areas such as aligning the development of mechanisms for issuing necessary licenses and permits for service providers within the supervisory scope of DGDA as well as cooperating in the qualification and classification of professional offices under SCE.

Inzerillo highlighted the significance of the MoU, saying that the agreement will support DGDA’s organizational role in simplifying licensing, permits and oversight procedures, which contributes to highlighting the extensive historical roots of Diriyah as the birthplace of º£½ÇÖ±²¥. It will also showcase the distinctive architectural features to provide a unique experience for visitors from around the globe. This will be achieved through collaboration between the two parties, aligning with DGDA’s objectives and enhancing its contributions to cultural, tourism, architectural and economic development, as well as strengthening governance between the entities.

Almajnouni said that the partnership between the two parties is expected to achieve shared objectives that lead to sustainable development in accordance with the highest international standards. “This memorandum will enhance Diriyah’s status as a leading cultural and historical destination both regionally and globally, while also contributing to the development of cultural and historical awareness related to the engineering field,†he added.


Sahm App first in MENA region to empower investors with Nasdaq TotalView

Sahm App first in MENA region to empower investors with Nasdaq TotalView
Updated 04 November 2025

Sahm App first in MENA region to empower investors with Nasdaq TotalView

Sahm App first in MENA region to empower investors with Nasdaq TotalView

Sahm App, powered by Sahm Capital, has been officially recognized by Nasdaq as the first platform in the MENA region to launch Nasdaq TotalView, giving local investors unprecedented access to real-time market depth data.

With Nasdaq TotalView, eligible investors can now enjoy unparalleled market transparency and depth. The service displays the entire order book on Nasdaq — showing every single quote and order at every price level for Nasdaq-, NYSE-, NYSE American-, and regional-listed securities traded on Nasdaq. 

Offering full depth of book, Nasdaq TotalView delivers investors a far more complete picture of market liquidity, revealing the true supply and demand behind price movements.

“Data is the key to successful trading. It empowers investors to see opportunities, manage risks, and make informed decisions in the market.,†said Steven Chou, chairman of Sahm Capital. “We are committed to empowering Saudi investors with the same depth, transparency, and efficiency long enjoyed by global market participants.â€

As part of Sahm’s continued commitment to enhance investor experience, Sahm App now offers a complete suite of US market data solutions â€” from real-time top-of-book prices (Nasdaq Basic, NBBO) to institutional-level market depth (Nasdaq TotalView, NYSE ArcaBook) and comprehensive options data.

These advanced data solutions enable local investors to have greater transparency and confidence in making informed investment decisions.

Developed by Sahm Capital, licensed by the Capital Market Authority, the Sahm App is a trading platform tailored for investors in º£½ÇÖ±²¥. 

It provides seamless access to both the Saudi and US markets within a secure, regulated environment. 

With its intuitive interface and advanced investment tools, the app has quickly become one of the top three in the Free Finance category on Google Play, with more than 1 million users.