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New Board of Directors for Saudi Arabia’s Qiddiya Company

New Board of Directors for Saudi Arabia’s Qiddiya Company
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New Board of Directors for Saudi Arabia’s Qiddiya Company

New Board of Directors for Saudi Arabia’s Qiddiya Company

The Saudi Public Investment Fund (PIF) has approved a new board of directors for Qiddiya Investment Company.

Crown Prince Mohammad bin Salman bin Abdulaziz will head the new board. Its members include Prince Abdulaziz bin Turki Al-Faisal, Prince Turki bin Hadhloul bin Abdulaziz, Prince Badr bin Abdullah bin Farhan, Majid bin Abdullah Al-Hogail, Ahmed bin Aqeel Al-Khatib, Eng. Ibrahim bin Muhammad Al-Sultan, Fahd bin Abdulmohsen Al-Rasheed, Eng. Faisal Bafart, and Dr. Rakan Al-Harthi.

The PIF had launched the Qiddiya project to be an entertainment destination, including sports, arts, and more than 300 different facilities, for Saudi youth.

A vibrant city located on a distinguished location west of Riyadh, with an area of 334 square kilometers, the project will contribute to enhancing the economic diversity of the Kingdom in line with Saudi Vision 2030.

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Gulf

GCC Welcomes Agreement between Yemen Govt, Houthis

Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)
Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)
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GCC Welcomes Agreement between Yemen Govt, Houthis

Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)
Hans Grundberg, the U.N. special representative for Yemen, speaks during an interview with The Associated Press in Cairo, Egypt, on Aug. 28, 2023. (AP)

Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi welcomed on Wednesday the agreement between the legitimate Yemeni government and Iran-backed Houthi militias to de-escalate the situation with regard to the Yemeni banking sector and airlines.

The agreement was announced by the United Nations Secretary-General's Special Envoy to Yemen, Hans Grundberg, on Tuesday.

Albudaiwi expressed the GCC's support for all regional and international efforts and the efforts led by the UN special envoy aimed at achieving peace and security in Yemen.

The announcement underscores the importance the international community attaches to the Yemeni crisis, he added, hoping the agreement will pave the way for Yemeni parties to start the political process, under UN auspices, to reach a comprehensive political solution that achieves security and stability in the country.

He reiterated the GCC's continued support and full solidarity with Yemen, its government and people, and its keenness to encourage all efforts to de-escalate and maintain stability in order to reach peace.