Award-Winning LPM Restaurant & Bar To Open In Doha, Al Maha Island
Francis Higgins
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Qatar Airways cuts flights to make space for World Cup fans
Qatar Airways has withdrawn flights from 18 destinations to make space at Hamad International Airport for airlines carrying fans to next month's soccer World Cup, the company's CEO said on Tuesday.
Qatar Airways Chief Executive Akbar Al Baker said the priority now was to accommodate the hundreds of flights that will be landing in the country for the tournament.
Qatar, which expects about 500 shuttle flights a day as well as hundreds more charter flights and private jets, will host the 20th November to 18th December tournament with about 1.2 million visitors.
Saudi Arabia's manufacturing, infra projects valued at $1trln: Official
Saudi Arabia has become the leading consumer of steel, aluminium, copper and other minerals as it works to complete major manufacturing and infrastructure projects valued at over $1 trillion, state-owned SPA reported, citing Vice Minister of Industry and Mineral Resources for Mining Affairs Khalid Saleh Al-Mudaifer.
The Kingdom has set goals to develop “green iron” and “green mineral” projects that will integrate with hydrogen plants, which are being developed with companies such as the Saudi stock exchange-listed ACWA Power, the official said during the Saudi-South African Investment Forum held in Jeddah.
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Qatar’s amir inaugurates one of region’s largest solar power plant
As a key liquified natural gas producer and exporter, KSPP is set to reduce the carbon intensity of the gas.
Qatar’s Amir inaugurated on Tuesday the Al Kharsaah Solar Power Plant (KSPP), the first in the Gulf state and one of the largest in size and capacity in the region.
“The Al Kharsaah solar power plant…will contribute to generating the equivalent of one-tenth of the energy used in the national electricity grid at peak times from a sustainable and environmentally friendly source,” said the amir in a tweet.
Sheikh Tamim said the plant meets the country’s plan to cut carbon emissions and tackle the effects of climate change.
Indonesia to offer tax holiday to companies investing in new capital
Susantono asked the gathering to consider investing in areas such as healthcare, education and entertainment in the new capital
Indonesia will offer generous incentives, including a 30-year tax break, for companies investing in a $32 billion project to build a new capital city in the country called Nusantara, an official said late on Tuesday.
Bambang Susantono, head of the Nusantara National Capital Authority, made the comments at a gathering with hundreds of local and foreign investors in the current capital Jakarta.
Construction of a dam and roads has started at the site of the new capital, he said, currently an underdeveloped area fringed by Borneo's vast rainforest.
As many as 100,000 construction workers will accelerate work next year in an effort to get the site ready by Aug. 17, 2024, when President Joko Widodo wanted to celebrate Indonesia's independence day at a new presidential palace, Susantono said.
Susantono asked the gathering to consider investing in areas such as healthcare, education and entertainment in the new capital, promising that regulations on fiscal incentives would be released soon.
The incentives include an a tax holiday of up to 30 years and a 350% "super-tax deduction" for research and development, more generous tax concessions than for investments in other Indonesian cities, he said.
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