Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday revealed a master plan for the Rua Al Madinah project on a site to the east of the Prophet’s Mosque.
Once completed, the development will boost the area's capacity, allowing it to host up to 30 million Umrah pilgrims, the Saudi Press Agency reported.
The construction project is part of development efforts by the Public Investment Fund in line with the Kingdom's Vision 2030.
Under the project, to be built on an area of 1.5 million square metres, 47,000 new hotel rooms will be available by 2030.
Open spaces and green areas will comprise 63 per cent of the site.
Luxury hotels, modern urban planning and large-scale development projects will contribute to an increased quality of life for visitors and people living in Saudi Arabia.
The initiative is being overseen by Rua Al Madinah Holding Company, a Public Investment Fund group that specialises in development, operation and property investment in Madinah, state media reported.
The project showcases many historical monuments that are of huge significance to the legacy of the Prophet Mohammed, while the holy city’s unique heritage is reflected in the design of all buildings and amenities, SPA reported.
A metro station, routes for self-driving vehicles, nine bus stops and underground parking spaces will be included.
Residents say the city, which is revered by billions of Muslims due to its prominence in the Islamic world, has experienced progressive change.
"Madinah is a sacred city for Muslims all over the world because it is the city of our beloved Prophet [Mohammed]," said Sameera Abdul, a local resident. "I am happy people will be able to witness the wonders of the city and the warmth of the people in Madinah, which is known for its hospitality."
Ghada, a Saudi resident in Jeddah, said: "I especially love the new art centre, which we never had up until 2018. The Vision 2030 is helping us connect with different regions, our past and broadening artistic horizons, with the help of art and exposure in different cities around the world."
The development aims to consolidate the city’s position as a modern Islamic and cultural destination and will help to create jobs.
"Madinah is the most peaceful city in the world," said Mahmood Izhar, an Indian resident of Madinah. "I am looking forward to the cultural destinations and what they will be showcasing as part of our rich Islamic heritage and culture. There aren't many luxury hotels or urban developments like it in major cities in the world yet but I am glad they will be added to our city."
Prince Mohammed is the chairman of the Council of Economic and Development Affairs and chairman of the Public Investment Fund.
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
The biog
Year of birth: 1988
Place of birth: Baghdad
Education: PhD student and co-researcher at Greifswald University, Germany
Hobbies: Ping Pong, swimming, reading
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Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
If you go
The flights
The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings
The stay
Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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Law%2041.9.4%20of%20men%E2%80%99s%20T20I%20playing%20conditions
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MATCH INFO
Burnley 0
Man City 3
Raheem Sterling 35', 49'
Ferran Torres 65'
Company%20Profile
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