Search Site

Trends banner

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Makkah governor launches $4bn projects in the region

Prince Khaled Al-Faisal, the governor of Makkar, on Sunday launches several projects as Saudi Minister of Environment, Water, and Agriculture Abdul Rahman Al-Fadli looks on. Twitter
  • The total cost of the 72 projects is said to be more than SAR15 billion ($4 billion)
  • They are said to spread across several sectors, including water and the environment

Prince Khaled Al-Faisal, the governor of Makkar, on Sunday launched several projects in the region.

The total cost of the projects is said to be more than SAR15 billion ($4 billion), local reports have said.

The total number of projects is 72. They are said to spread across several sectors, including water and the environment.

Saudi Minister of Environment, Water, and Agriculture Abdul Rahman Al-Fadli attended the event.

The new initiatives are expected to support environmental and water sustainability in accordance with the objectives of the country’s Vision 2030 reform plan.

The projects include developing water resources, desalinated water transmission, production and storage of desalinated water, and environmental services, said the local reports.

The new projects, which aim at sustainability, come a day after the agriculture minister announced that Saudi Arabia has enough food stocks to not worry about the Russian invasion of Ukraine and the resulting in disruption of food supply.