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Saudi Businessman Purchases 12 Camels Worth $32 Million

Saudi men stand next to camels as they participate in King Abdulaziz Camel Festival in Rimah Governorate, north-east of Riyadh, Saudi Arabia January 19, 2018. Picture taken January 19, 2018. REUTERS/Faisal Al Nasser
Saudi men stand next to camels as they participate in King Abdulaziz Camel Festival in Rimah Governorate, north-east of Riyadh, Saudi Arabia January 19, 2018. Picture taken January 19, 2018. REUTERS/Faisal Al Nasser
    Riyadh - Mohammed al-Mutairi
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Saudi Businessman Purchases 12 Camels Worth $32 Million

Saudi men stand next to camels as they participate in King Abdulaziz Camel Festival in Rimah Governorate, north-east of Riyadh, Saudi Arabia January 19, 2018. Picture taken January 19, 2018. REUTERS/Faisal Al Nasser
Saudi men stand next to camels as they participate in King Abdulaziz Camel Festival in Rimah Governorate, north-east of Riyadh, Saudi Arabia January 19, 2018. Picture taken January 19, 2018. REUTERS/Faisal Al Nasser

A Saudi businessman signed a 120 million riyal ($32 million) deal in Riyadh to purchase 12 camels, marking one of the biggest camels' purchase deals in the Gulf.

The event coincided with Cristiano Ronaldo joining of Saudi Al-Nassr team.

The deal was signed in Dahana Desert, which is hosting the King Abdulaziz Camel Festival.

The businessman, Abdullah Al-Nahdi, who is an investor in the pharmacies sector, purchased 12 camels that came first in the festival from their owner, businessman Mohammed bin Jakhdab Al-Qahtani.

Organized by the Camel Club, King Abdulaziz Camel Festival kicked off in December and concludes in mid-January.

More than 40,000 camels compete for prizes worth more than $80 million.

The Camel Club is part of a whole sports system launched by the Saudi Crown Prince in 2017.

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Diriyah Company Plans Architectural Design Work on Diriyah’s Boulevard District Worth $113.6 Million

The project is worth $113.6 Million - SPA
The project is worth $113.6 Million - SPA
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Diriyah Company Plans Architectural Design Work on Diriyah’s Boulevard District Worth $113.6 Million

The project is worth $113.6 Million - SPA
The project is worth $113.6 Million - SPA

Diriyah Company revealed that it has awarded a SAR426.3 million (US$113.6 million) contract for architectural design work on Diriyah’s Boulevard District to a specialized urban development firm.
According to a press release, the firm will apply its expertise to serve as the multidisciplinary design consultant behind a range of beautifully designed buildings in three community areas within the Boulevard District.
The firm's scope of work includes concept design, schematic design, detailed design and construction supervision within these community areas located in and around the Boulevard District, SPA reported.
Diriyah Company said it has significantly accelerated its development program through securing major agreements for large-scale projects within the 14-square kilometer development area with key contracts awarded to other contractors.
"This flagship district will become a major focal point for the $63.2 billion Diriyah project and provide connectivity across multiple areas within Diriyah’s comprehensive master plans," said the release.