Reuters The Saudi Industrial Property Authority (MODON) has inked more than 6,000 industrial, logistic and services contracts for investments that exceed SR600 billion ($160 billion) and provide job opportunities for more than 520,000 employees. Sami Al-Hussaini, official spokesperson of MODON, told Asharq Al-Awsat that factories in the industrial zones have registered a remarkable rise during 2015, in addition to …

  Jeddah / TNS The Ministry of Environment, Water and Agriculture is planning to establish five agricultural companies in Sudan that specialize in fish farming, grain and fodder trade, animal farming and agricultural production. Sudan has allocated around one million acres for Saudi investment next to the Atbara Agricultural River, according to an executive agreement between the Saudi Ministry of Environment, …

  Amman / TNS Amid a turbulent regional political and security environment, Jordan is wrestling with sluggish growth and high unemployment, according to a new World Bank report. Launched by the World Bank and the government in Amman, the report found that the economy slowed down for the first time since 2010, further widening Jordan’s output gap, with growth declining from …