Gold Rate in Saudi Arabia today on, 29 August 2022

Gold Rate in Saudi Arabia today – File

Gold price in Saudi Arabia recorded a decrease of SAR 6,528.31 per ounce on 29 August 2022. These rates are given in 1 tola, 1 gramme, and 10-gramme increments in Saudi Riyal. Every day, the local gold and bullion markets in the Saudi provide live rates. Live international today gold rate in SAR and its converted price of gold Saudi Riyal facilitates to the Saudi gold souk, gold investors, and individuals for fresh updates.

Today’s Gold Rate in Saudi Arabia

Check the updated gold price in Saudi Arabia on, 29 August 2022. The rate of 24 karat/gram decreased to SAR 209.89 from the previous day’s SAR 212.07. The gold rate (22 karat/gram) depreciated to SAR 192.39 from the previous day’s SAR 194.40.

Date	Ounce	24 Carat	22 Carat	21 Carat	18 Carat
August 29	6,528.31	209.89	192.39	183.65	157.41

  Gold rates change almost every day worldwide including Saudia. Get the updates about today gold price in Saudi Arabia, and get rates of 18 karat, 20 karat, 21 karat and 22 karat gold. These rates are given in 1 tola, 1 gram and 10 grams formats in SAR currency. Live Rates are provided by the local gold markets and bullion markets of Saudia every day.  

Disclaimer: The gold prices have been quoted on the basis of average prices prevailed in the Saudi jewellery market and quoted by Saudi Gold & Jewellery Group. The rates are only meant for information and not for trading. It is advised that people intending to trade the commodity should consult their legal counsel before making any venture. The rates are indicative and the website is not responsible for any loss.

#Gold #Rate #Saudi #Arabia #today #August https://www.globalcourant.com/gold-rate-in-saudi-arabia-today-on-29-august-2022/?feed_id=17169&_unique_id=630c08e0015bb

Saudi Arabia touts vertical living in Neom's zero-carbon city

Project will vertically layer homes, offices, public parks and schools within a mirrored facade and is expected to be publicly listed in 2024, says Crown Prince Mohammed bin Salman, according to state media.

"We aim to make Saudi one of the largest three stock markets on the planet," says Crown Prince Mohammed bin Salman. (Reuters Archive)

The zero-carbon city that Saudi Arabia plans to build at Neom will vertically layer homes, offices, public parks and schools within a mirrored facade stretching over 170 kilometres, the crown prince has said in remarks carried by state media.

Crown Prince Mohammed bin Salman first unveiled plans for "The Line" in January 2021, the first major construction project for the $500 billion Neom business zone aimed at diversifying the economy of the world's top oil exporter.

The city, 200 metres wide and running on "100 percent renewable energy," will also include a high-speed rail with an end-to-end transit of 20 minutes. It will eventually accommodate nine million residents, state news agency SPA cited him as saying on Monday.

"The city's vertically layered communities will challenge the traditional flat, horizontal cities," the prince said. "The designs of The Line embody how urban communities will be in the future in an environment free from roads, cars and emissions."

The kingdom's sovereign wealth fund, the Public Investment Fund, is the cornerstone investor in Neom, a 26,500-square-kilometre high-tech development on the Red Sea with several zones, including industrial and logistics areas, planned for completion in 2025.

Business zone will likely be listed in 2024

The prince said the Neom business zone will likely be publicly listed in 2024, state media reported.

"Neom will add a trillion riyals ($266 billion) to the Saudi stock market value. At least 1.2 trillion at the beginning and the overall will increase after project completion to exceed 5 trillion", said the crown prince.

He added in remarks to reporters that all ventures in which the sovereign wealth fund is an investor will be listed on the stock market.

Prince Mohammed said the government will raise $133 billion of capital in 2027 and tap the market for an additional $53-79 billion riyals for Neom.

"We aim to make Saudi one of the largest three stock markets on the planet," the crown prince said.

Source: Reuters

Source https://www.globalcourant.com/saudi-arabia-touts-vertical-living-in-neoms-zero-carbon-city/?feed_id=2134&_unique_id=62df4daa880bf