{"id":90460,"date":"2024-10-13T00:00:00","date_gmt":"2024-10-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/13\/three-fresh-projects-in-dammam-valued-at-sar-318-mn-courtesy-of-modon\/"},"modified":"2024-10-13T00:00:00","modified_gmt":"2024-10-13T00:00:00","slug":"three-fresh-projects-in-dammam-valued-at-sar-318-mn-courtesy-of-modon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/13\/three-fresh-projects-in-dammam-valued-at-sar-318-mn-courtesy-of-modon\/","title":{"rendered":"Three fresh projects in Dammam valued at SAR 318 mn, courtesy of Modon"},"content":{"rendered":"<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- <\/strong><strong>The Industrial Cities and Technology Zones (<\/strong><strong>Modon)<\/strong><strong> rolled out three new <\/strong><strong>projects, <\/strong><strong>worth <\/strong><strong>over SAR 318 mn, in Dammam\u2019s 3rd Industrial City<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/10\/10\/article_2751219.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> reports, citing sources from the authority. The projects include infrastructure development (SAR 259 mn), a water supply network (SAR 39 mn), and a 4.5 km road connecting the industrial city with King Salman Energy City (SAR 19.6 mn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Modon signed six agreements worth a combined SAR 137 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/56b91dcc-d869-4626-bdc7-dc5cf3f6b1f1\" style=\"\" rel=\"noopener\">last week<\/a> to build similar production facilities in Dammam\u2019s 2nd Industrial City.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Saudi Central Bank (Sama) awarded IT services provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/2p.com.sa\/en\" style=\"\" rel=\"noopener\">Perfect Presentation<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/2p.com.sa\/en\" style=\"\" rel=\"noopener\">(2P)<\/a><\/strong><strong> a <\/strong><strong>SAR 75.8 mn contract<\/strong> to develop its Partner Care Center\u2019s communication channels, 2P said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=82890&anCat=1&cs=7204&locale=en\" style=\"\" rel=\"noopener\">a filing to Tadawul<\/a>. The final contract is scheduled to be signed on 10 November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> LEGISLATION WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Industry and Mineral Resources Ministry rolled out clarifications on <\/strong><strong>recent<\/strong> <strong>tweaks to the precious metals and gemstones law<\/strong>, which were <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2181005\" style=\"\" rel=\"noopener\">approved by the Cabinet earlier this month<\/a>, according to <a target=\"_blank\" href=\"https:\/\/uqn.gov.sa\/details?p=26603\" style=\"\" rel=\"noopener\">a statement published in Umm Al Qura<\/a>. Businesses now have six months to comply with the new regs, with an option for a three-month extension. The amendments will come into effect within a year of their publication. License and service fees will be set in upcoming regulations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In a nutshell: <\/strong><\/p>\n<ul>\n<li>The Industry Ministry is now in charge of overseeing precious metals and gemstone production, while the Commerce Ministry is only responsible for regulating their trade;<\/li>\n<li>Producers must get a license from the Industry Ministry to operate;<\/li>\n<li>Factories may be required to use registered hallmarks for their products.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local budget airline <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.flyadeal.com\/\" style=\"\" rel=\"noopener\">Flyadeal<\/a><\/strong><strong> is adding two new routes between the Kingdom and Egypt <\/strong><strong>from 11 November<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/flyadeal-announces-two-new-egyptian-routes-flyadeal-4zxze\/\" style=\"\" rel=\"noopener\">press release<\/a>. The new routes connect Jeddah with the Upper Egyptian city of Sohag, and Madinah with Cairo. The addition will increase the total weekly flights operated by the airline to Egypt to 44 from 39.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Modon signed similar agreements worth SAR 137 mn last week<\/p>\n","protected":false},"author":1,"featured_media":90461,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,10,2134,2131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-flyadeal","tag-perfect-presentation-2p","wpautop","entry"],"acf":{"mongo_id":"59102fac-ab02-4607-bce7-4d880ef4d44e","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/555.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Three fresh infrastructure projects in Dammam worth over SAR 318 mn, courtesy of Modon","related_issue":[90441],"teaser":"Modon signed similar agreements worth SAR 137 mn last week","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.ecb02e4e-c062-45a3-a7df-ba0b9212115a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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