海角直播

海角直播 opens Makkah and Madinah to foreign investments

海角直播 opens Makkah and Madinah to foreign investments
Strengthening the real estate sector and attracting more FDI into the Kingdom is one of the key goals outlined under the Vision 2030 program. (AFP)
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Updated 28 January 2025

海角直播 opens Makkah and Madinah to foreign investments

海角直播 opens Makkah and Madinah to foreign investments
  • Move aims to boost the capital market鈥檚 competitiveness and align with the Kingdom鈥檚 Vision 2030 economic diversification objectives
  • While non-Saudis allowed to purchase properties in Kingdom, there are restrictions, in the holy cities ownership is generally limited to Saudis

RIYADH: Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority.

Effective immediately, the move aims to boost the capital market鈥檚 competitiveness and align with the Kingdom鈥檚 Vision聽2030聽economic diversification objectives, the CMA announced in a press release.聽

While non-Saudis are allowed to purchase properties in the Kingdom, there are specific restrictions, and聽in the holy cities聽ownership is generally limited to Saudi nationals 鈥 although聽foreigners are allowed to lease properties there.聽

Under the new guidelines, foreign investments are limited to shares or convertible debt instruments of listed companies. Total non-Saudi ownership, including individuals and legal entities, is capped at 49 percent of a company鈥檚 shares.

However, strategic foreign investors are prohibited from holding stakes in these companies.聽

The move聽comes amid reforms across the region, with most neighboring countries allowing foreigners to own properties, primarily in free zones or designated areas under certain restrictions.聽

鈥淭hrough this announcement, the Capital Market Authority aims to stimulate investment, enhance the attractiveness and efficiency of the capital market, and strengthen its regional and international competitiveness while supporting the local economy,鈥 said the CMA.聽

The changes are also designed聽to stimulate foreign聽direct investment in the Kingdom鈥檚 capital market, as well as bolster its regional and international competitiveness.聽

鈥淭his includes attracting foreign capital and providing the necessary liquidity for current and future projects in Makkah and Madinah through the investment products available in the Saudi market, positioning it as a key funding source for these distinctive developmental projects,鈥 added the CMA.聽

Strengthening the real estate sector and attracting more FDI into the Kingdom is one of the key goals outlined under the Vision 2030 program, as 海角直播 aims to reduce its dependence on crude revenues and diversify its economy.聽

The Kingdom aims to attract $100 billion in FDI by the end of this decade, and the government body聽has been implementing various initiatives and reforms to enhance the attractiveness of the聽capital market.

Some of these efforts include allowing foreign residents to directly invest in the聽stock market, enabling non-Saudi investors to access the market through swap agreements, and permitting qualified foreign capital institutions to invest in listed securities.聽

The CMA has also allowed foreign strategic investors to acquire strategic stakes in listed companies and聽directly invest in debt instruments.聽

In 2021, the CMA also allowed non-Saudis to subscribe to real estate funds investing within the boundaries of Makkah and Madinah, which played a crucial role in increasing the attractiveness of the capital market to both regional and international investors.聽

The share prices of real estate companies listed on 海角直播鈥檚 stock exchange surged following the CMA鈥檚 announcement.聽

Knowledge Economic City saw its share price rise by 9.89 percent to close at SR16.66 ($4.44).聽

Jabal Omar Development Co.鈥檚 share price also increased by 10 percent to SR25.85, while Makkah Construction and Development Co.鈥檚 stock price climbed 9.84 percent to close at SR106.聽


海角直播鈥檚 Masam project removes 968 mines in Yemen

海角直播鈥檚 Masam project removes 968 mines in Yemen
Updated 04 September 2025

海角直播鈥檚 Masam project removes 968 mines in Yemen

海角直播鈥檚 Masam project removes 968 mines in Yemen

RIYADH: 海角直播鈥檚 Masam project removed 968 mines from areas across Yemen, latest figures show.
King Salman Humanitarian Aid and Relief Center, which runs the initiative, said 4 anti-personnel mines, 32 anti-tank mines, 925 unexploded ordnances, and 7 explosive devices had been removed.
The project was able to take out around 4,735 mines in the month of August.
Since the initiatives inception in 2018 over 512,323 mines have been cleared.


Saudi literature commission represents Kingdom at Moscow International Book Fair

Saudi literature commission represents Kingdom at Moscow International Book Fair
Updated 03 September 2025

Saudi literature commission represents Kingdom at Moscow International Book Fair

Saudi literature commission represents Kingdom at Moscow International Book Fair
  • The 38th annual fair features more than 300 publishers from countries including Belarus, Iran, China, the UAE, North Korea and this year鈥檚 guest of honor, India

RIYADH: 海角直播鈥檚 Literature, Publishing and Translation Commission is representing the Kingdom鈥檚 publishing industry at the 38th annual Moscow International Book Fair, which began on Wednesday and continues until Sunday.

The commission has brought together several key institutions from the country鈥檚 cultural sector for the event, including the King Salman Global Academy for Arabic Language, the King Fahad National Library, and the Ministry of Islamic Affairs, Dawah and Guidance.

The fair features more than 300 publishers from countries including Belarus, Iran, China, the UAE and North Korea. This year鈥檚 guest of honor is India.

海角直播鈥檚 participation reflects the country鈥檚 commitment to the strengthening of cultural ties with the Russian Federation, the expansion of bilateral cooperation, and the promotion of investment opportunities in the Kingdom鈥檚 cultural sector, the Saudi Press Agency reported.

The commission, which operates under the Saudi Ministry of Culture, was established in 2020 to regulate literature, publishing and translation in the Kingdom.


Saudi crown prince discusses developments in Gaza with Netherlands PM

Saudi Crown Prince Mohammed bin Salman received a phone call from the Prime Minister of the Netherlands Dick Schoof on Wednesday
Saudi Crown Prince Mohammed bin Salman received a phone call from the Prime Minister of the Netherlands Dick Schoof on Wednesday
Updated 03 September 2025

Saudi crown prince discusses developments in Gaza with Netherlands PM

Saudi Crown Prince Mohammed bin Salman received a phone call from the Prime Minister of the Netherlands Dick Schoof on Wednesday
  • During the phone call, the officials discussed developments in the Gaza Strip and their security and humanitarian repercussions

RIYADH: 海角直播鈥檚 Crown Prince Mohammed bin Salman received a phone call from the Prime Minister of the Netherlands Dick Schoof on Wednesday.

During the phone call, the officials discussed developments in the Gaza Strip and their security and humanitarian repercussions, Saudi Press Agency reported.

The crown prince reiterated the Kingdom鈥檚 call on the international community to end the disastrous repercussions of Israeli aggression against civilians and to condemn any steps that impede a two-state solution.

Prince Mohammed and Schoof also reviewed relations between their countries, existing areas of cooperation, and ways to support them in various fields.


Saudi referee lifts expectations on world stage

Saudi referee lifts expectations on world stage
Updated 03 September 2025

Saudi referee lifts expectations on world stage

Saudi referee lifts expectations on world stage
  • Reem Hazzazi鈥檚 journey highlights a cultural shift as more women take on leadership roles in sports

JEDDAH: Reem Hazzazi is among a new wave of Saudi women breaking barriers in sports, carving her place not as an athlete, but as one of the Kingdom鈥檚 first international weightlifting referees.

Her journey began a little over three years ago at the moment she stepped into a weightlifting hall, drawn not to the cheers of the crowd thrilled by the athletes鈥 performance, but to the quiet precision of referees.

鈥淚 realized I didn鈥檛 just want to watch weightlifting; I wanted to be part of it, but from a different angle,鈥 Hazzazi, 40, told Arab News. 鈥淭hat鈥檚 when I decided to pursue refereeing.鈥

For years, weightlifting was seen largely as a men鈥檚 sport, with few envisioning women in officiating roles. Hazzazi embraced that challenge.  

鈥淭he biggest hurdle was breaking the stereotype,鈥 she explained. 鈥淎t first, people were surprised to see me in this role. But with persistence and hard work, that surprise turned into respect.鈥

Her curiosity about the sport鈥檚 rules drove her deeper. She learned every detail of the snatch and clean-and-jerk and trained alongside senior referees, while facing constant pressure to prove herself.

She learned that refereering is a responsibility that requires 鈥渁ccuracy, discipline and a thorough understanding of the game.鈥

Support from her family, peers and the Saudi Weightlifting Federation helped her to endure.

鈥淭he federation鈥檚 backing has been crucial,鈥 Hazzazi said. 鈥淯nder Mohammed Al-Harbi鈥檚 leadership, they provided training programs, workshops and opportunities to gain real experience at local and international tournaments. That support gave me the confidence to keep going.鈥

Her determination carried her to the Arab Games in Cairo in 2023, a defining moment in her career.

鈥淚t was an incredible experience,鈥 she recalled. 鈥淚t wasn鈥檛 just about the competition; it was about learning from referees across the Arab world, adapting to new situations under pressure, and realizing I was representing my country in such a significant event. I felt immense pride.鈥

Earning her international refereeing badge that same year had symbolized much more than personal achievement.

鈥淥n a personal level, it brought me joy and pride, reflecting the result of my efforts in domestic tournaments,鈥 she said. 鈥淧rofessionally, it represented a greater responsibility 鈥 an opportunity to participate in global competitions and elevate 海角直播鈥檚 presence in prestigious arenas.鈥

Today, Hazzazi is one of more than a dozen Saudi women certified as referees, marking a cultural shift unthinkable a decade ago.

鈥淭oday, the situation is very promising,鈥 she said. 鈥淭here鈥檚 a growing recognition of women鈥檚 roles, and the federation鈥檚 support has been transformative. Among my colleagues, you can feel the difference 鈥 there鈥檚 more confidence, excitement and opportunities to participate internationally.鈥

Her goals now reach beyond her own career. 鈥淚 want to help develop a new generation of Saudi referees 鈥 both men and women 鈥 to strengthen our national competitions,鈥 she said.

She also has her eyes on the world stage.

鈥淚 hope to represent 海角直播 at major events, from world championships to the Olympic Games. I want to show that Saudi women can lead in global sports.鈥

Her message to aspiring referees is clear: 鈥淏elieve in yourselves and take the first step, even if it feels difficult. Sports offer vast opportunities. Refereeing, in particular, requires passion, discipline and accuracy. With hard work, success is achievable.鈥

As 海角直播 invests in global sports and nurtures new talent, Hazzazi sees herself as part of a wider movement.

With a smile, she said, 鈥淲ait for me at the Islamic Solidarity Games in Riyadh this November.鈥

For Hazzazi, weightlifting is not just about judging lifts, it鈥檚 about lifting expectations, breaking barriers and inspiring a new generation of Saudis to take their place at the heart of the action.

Links for online: https://x.com/weightliftingsa/status/1784889914208768447?s=46


Jordan PM receives Federation of Saudi Chambers president in Amman

Jordan PM receives Federation of Saudi Chambers president in Amman
Updated 03 September 2025

Jordan PM receives Federation of Saudi Chambers president in Amman

Jordan PM receives Federation of Saudi Chambers president in Amman

Federation of Saudi Chambers President Hassan Al-Huwaizi was received by Prime Minister of Jordan Jafar Hassan in Amman on Wednesday.

The meeting was held as part of the Saudi delegation鈥檚 trip to Jordan to discuss economic cooperation between the two countries, the Saudi Press Agency reported.

The Jordanian prime minister stressed the importance of enhancing partnership and communication between the business sectors in Jordan and 海角直播.

Al-Huwaizi was accompanied by FSC Secretary-General Waleed Al-Orainan and Abdulrahman Al-Thubaity, chairman of the Saudi-Jordanian Business Council.