Saudi capital to get world’s biggest park in $23bn project

Arab News
March 20, 2019

Riyadh, Mar 20: Saudi Arabia launched an ambitious $23 billion project on Tuesday to create vast open green areas in the capital, Riyadh, including the world’s biggest city park.

Construction will begin this year on four schemes — King Salman Park, Sports Boulevard, Green Riyadh and Riyadh Art — which will create sustainable communities, drive action against climate change and provide up to 70,000 new jobs.

The aim of the project is to “significantly improve the lives of its citizens, transform the city into an attractive destination and make it one of the world’s most livable cities,” the government said.

The four projects - King Salman Park, Sports Boulevard, Green Riyadh and Riyadh Art – will complement the Saudi Vision 2030’s “Quality of Life” Program and are aligned with the UN Sustainable Development Goals, to create sustainable cities and communities, while driving urgent action against climate change.

Developed with a government investment of $23 billion, the four projects will offer opportunities worth $15bn for the private sector to invest in residential, commercial, recreational and wellness projects.

As well as creating tens of thousands of new jobs, the project will also help boost efforts to improve the city’s health and wellbeing with a commitment to wellness, health, sports, culture and the arts, underpinned by a commitment to environmental sustainability.

The project will transform the environment and make Riyadh a more sustainable city, Dr. Fatma Alaish, assistant professor of ecology and environmental pollution at Jeddah University’s biology/botany department, told Arab News.

“Planting cities reduces air pollution as plants undergo photosynthesis and absorb carbon dioxide gas,” she said.

“This will decrease the amount of carbon dioxide in the air, a poisonous gas that negatively affects air quality, mixed with dangerous car emissions, and heavily contributes to global warming.  With more planted green areas, there will be less pollution.

“The more you plant, the better the weather, the cleaner the air and the more sustainable life will be in cities.”

Measuring 13.4 square kilometers, King Salman Park will be the world’s biggest park, with residential areas, hotels, and will also feature a Royal Arts Complex, theaters, museums, cinemas, sports venues, water features, restaurants and an 18-hole Royal Golf Course.

The park will also boast several landmark assets, including the Riyadh Fountains and a Vertical Garden. As an environmentally sustainable urban development, it will offer opportunities for the international community in arts, entertainment and culture.

One of the world’s largest urban greening projects, Green Riyadh will increase Riyadh’s green cover with 7.5 million trees.

The massive planting project will help increase the city’s green cover from 1.5 percent of Riyadh’s total area to 9.1 percent – that is approximately 541 square kilometers by 2030.

Salem Alghamdi, a professor at the College of Food and Agricultural Sciences, King Saud University, said the projects would make Riyadh “one of the greatest capital cities in the Middle East.”

“I believe now in Riyadh we are really having a new city,” he said, “with the Riyadh metro, the Qiddiya project and now this Green Riyadh project, these will add even more value.”

Green space availability will increase to 28 square meters per capita from the current 1.7 square meters per capita, compared to the World Health Organization’s recommendation of 9 square meters per capita.

Green Riyadh will help reduce average ambient temperature by 2C, and will use more than 1 million cubic meters of treated sewage daily for irrigation, for the sustainability of water resources in the city.

Sports Boulevard  - a health and wellness destination in the heart of the city- will feature a 135 kilometer-long professional cycling track covering the city and the surrounding valleys, the first of its kind in the region.

Adding 3.5 million square meters of new open space across the city, this grand project will also feature a sports pavilion, riding stables and athletics tracks.

Riyadh Art will be the world’s largest government investment in public art and will establish the city as “a gallery without walls” through a world-class interactive public arts program.

With 1,000 artworks curated through 10 separate programs and an annual arts festival, this project will feature large-scale art works with the aim of drawing art lovers and creators from around the world.

Construction work is due to start in the second half of 2019.

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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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Saudi Gazette
June 2,2020

Abu Dhabi, Jun 2: The United Arab Emirates on Monday recorded 635 new coronavirus cases, taking the total number of infections in the country to 35,192, the UAE’s Ministry of Health and Prevention said in a statement carried by state news agency WAM.

The new cases were detected after the health authorities conducted 30,147 additional COVID-19 tests citizens and residents.

The ministry also announced that 406 more patients have fully recovered after receiving the necessary medical care, raising the total number of recoveries in the country to 18,338.

The announcement was made during the regular media briefing held in Abu Dhabi, wherein Dr. Amna Al Dahak Al Shamsi, official spokesperson for the UAE government, provided an update on coronavirus-related developments and measures taken to mitigate its impact.

During the briefing, Dr. Al Shamsi also announced the death of two patients from COVID-19, taking the total number of deaths in the country to 266.

"The number of COVID-19 cases still receiving treatment now stands at 16,588 from different nationalities," she added, noting that more than 650,000 COVID-19 tests have been conducted over the past two weeks.

"Since the onset of the crisis, the UAE has focused on select segments of society, primarily the elderly and patients with chronic diseases, in order to ensure they survive the crisis," she added.

"We believe it is particularly morally important to support and stand by them, provide them with their daily needs, and keep them from harm’s way," she added.

Dr. Al Shamsi asserted that all precautionary measures announced, including the updated fines and penalties, will be enforced against violators, including citizens and residents.

"The law does not differentiate between citizens and residents. We are living in one homeland, which is for all of us," she continued.

"Your safety and health are a priority. We must comply with all precautionary measures. Though restrictions have been relaxed, caution must continue to be exercised."

Dr. Al Shamsi also warned, "Recklessness may undermine the efforts made by our frontline defenders. It is the responsibility of every individual to support protective efforts to ensure the safety of all."

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KT
April 14,2020

Dubai, Apr 14: Saudi Arabia reported 435 new cases of coronavirus, bringing the total number of infections in the country to 5369, the Ministry of Health announced on Tuesday.

According to the ministry of health the number of recoveries today are 84 cases, making total of recoveries in the kingdom 889.

The ministry also confirmed 8 deaths bringing the total number of deaths in the kingdom to 73.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice.

Containment efforts
Saudi authorities are racing to contain an outbreak of coronavirus in the Islamic holy city of Mecca.

The total number of coronavirus cases reported in Mecca, home to 2 million people, reached 1,050 on Monday compared to 1,422 in the capital of Riyadh, a city more than three times the size. Mecca’s large number of undocumented immigrants and cramped housing for migrant workers have made it more difficult to slow the infection rate.

Saudi Arabia has reported one of the lowest rates of infection in the region, with around 5,000 cases in a population of over 30 million.

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