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Riyadh is hosting a major international ministerial conference on labor markets. Separately, a real estate investment fund has purchased a large office complex in the city for over 125 million Saudi riyals. In the aviation sector, Riyadh Air has officially entered the global air cargo business by launching a new freight company, establishing itself as a formal competitor in the international air freight market.
The GLMC and the World Bank Group released a new report titled 'A Decade of Progress,' highlighting the significant transformation of Saudi Arabia's labor market over the past ten years. In regional developments, Egyptian authorities are advancing major projects along the Red Sea coast. The governor of the Red Sea region laid the foundation stone for 640 new housing units in Hurghada, while the country is boosting its luxury tourism sector by adding 43,000 new hotel rooms, with the Red Sea coast leading this expansion.
2 topics | 8 sources
Riyadh Air, the new Saudi Arabian airline, has officially entered the global air cargo market by launching a new freight company. This move marks the airline's formal expansion into the competitive world of air freight services.
Riyadh is preparing to host a major international ministerial conference on the labor market next week. Separately, a real estate investment trust managed by SEDCO Capital has purchased a large office complex in the city for over 125 million Saudi riyals.
1 topics | 36 sources
Jan 27
World Bank and GLMC release report on Saudi Arabia's labor market changesThe GLMC and the World Bank Group have released a new report titled 'A Decade of Progress.' The report highlights the significant transformation of Saudi Arabia's labor market over the past ten years.