Saudi, Egyptian Housing Ministers Review Urban Projects

Egypt’s Minister of Housing, Utilities and Urban Communities Assem el-Gazzar during his tour in urban projects (Asharq Al-Awsat)
Egypt’s Minister of Housing, Utilities and Urban Communities Assem el-Gazzar during his tour in urban projects (Asharq Al-Awsat)
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Saudi, Egyptian Housing Ministers Review Urban Projects

Egypt’s Minister of Housing, Utilities and Urban Communities Assem el-Gazzar during his tour in urban projects (Asharq Al-Awsat)
Egypt’s Minister of Housing, Utilities and Urban Communities Assem el-Gazzar during his tour in urban projects (Asharq Al-Awsat)

Egypt’s Minister of Housing, Utilities, and Urban Communities, Assem el-Gazzar, visited Saudi Arabia and inspected major housing projects in Madinah.

A press statement issued by the Egyptian Ministry said that the Minister listened to a detailed explanation of the residential projects in the city and other housing projects that the company is undertaking in the Kingdom.

The Madinah Region Development Authority (MRDA) hosted the Egyptian Minister to review the projects implemented to develop the al-Masjid al-Nabawi.

Gazzar also visited the Makkah Islamic Museum.

Later, the Egyptian Minister met Saudi Minister of Municipal and Rural Affairs and Housing Majid al-Hogail, and Undersecretary of the Ministry of Municipal and Rural Affairs and Housing for customer experience and service Prince Saud bin Talal bin Badr.

The meeting reviewed Cairo’s urban experience and the most important projects implemented in Egypt.

The statement explained that the officials also examined the ongoing housing projects in Jeddah and the overall housing strategy in Saudi Arabia.

They also visited two housing sites, several housing units of various designs, and the historic sites in Jeddah.

The Egyptian Minister was accompanied by Deputy Minister of Housing for National Projects Khaled Abbas, Assistant Minister and Supervisor of the Minister’s Office Major General Mohammad Essamedin Ramadan, and Assistant Minister of Housing for Technical Affairs Abdul Khaliq Ibrahim.

The Saudi delegation included General Supervisor of Housing Affairs Nedal Alem, Public Relations and Media Supervisor in Makkah Region Ahmed al-Koudari, and Bilateral Relations, International Relations Manager Mazen al-Saadi.



Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product
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Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

The Saudi Red Sea Authority (SRSA) and the Insurance Authority have signed a cooperation agreement to launch insurance products that cover risks associated with all coastal tourism activities through local insurance companies, according to a press release issued by SRSA.
This initiative aims to enhance the appeal of coastal tourism, attract participants in navigational and marine tourism activities, and strengthen local content in alignment with Saudi Vision 2030, SPA reported.
The agreement was signed by SRSA CEO Mohammed Al Nasser and Insurance Authority CEO Eng. Naji Al-Faisal Al-Tamimi.
The release noted that the launch of these insurance products aligns with SRSA's mandate to promote navigational and marine tourism, providing a comprehensive tourism experience and establishing a model infrastructure that attracts investment in the sector.
The Insurance Authority is similarly committed to fostering industry growth and development by coordinating with other government entities to enhance its activities through a range of innovative insurance products that stimulate and protect investments.
In partnership with the Insurance Authority, SRSA held a series of meetings with insurance companies to develop these products, aiming to enhance the appeal of navigational and marine tourism activities—including sailing, kayaking, water skiing, diving, boating, and surfing—to better serve practitioners' needs.
SRSA began its efforts to build and regulate the coastal tourism sector in 2021, with objectives that include enhancing integration among relevant entities by issuing licenses and permits, developing policies and strategies, determining infrastructure requirements, preserving the marine environment, enabling small and medium-sized enterprises (SMEs), and promoting navigational and marine tourism activities, thereby adding value to the national economy.
Established by Cabinet Resolution No. 85 on August 15, 2023, the Insurance Authority is responsible for organizing, stabilizing, and developing Saudi Arabia's insurance sector. Benefiting from legal personality, financial and administrative independence, and organizational affiliation with the Prime Minister, the Authority is dedicated to increasing insurance awareness, safeguarding the rights of the insured and beneficiaries, contributing to financial stability, and reinforcing the principles underlying insurance contractual relationships.