The Ministry of Commerce and Investment announced the opening of the application window for issuing discount licenses for the mid-school-year vacation season through the electronic discount system for the period from 8 – 23 Jumada al-Awwal 1441 AH. During this period, retail store owners and online merchants will be able to apply for seasonal discount licenses without the discounts being deducted from their annual allowance. (Licenses)

The the Ministry of Commerce urges store owners and e-commerce retailers to apply for seasonal discount licenses and take advantage of this service by logging into the electronic discount system, selecting the license type, and completing the remaining procedures through the online portal.

It is worth noting that the electronic sales system was launched by the Ministry in collaboration with Thiqah Business Services at the beginning of April last year.

Some links to news and reports from Amlak Real Estate Newspaper, Issue 187

Housing Financing – Real Estate Projects – Investment Opportunities – Licenses

Real Estate Financing – Aramco Shares – Construction – Licenses

Editor-in-Chief Abdulaziz Al-Issa Explains the Story Behind the Amlak Real Estate Newspaper Logo

Minister of Commerce and Investment Allocates Land in Riyadh, Jeddah, and the Eastern Province for the Establishment of International Exhibition and Conference Centers

The Administrative Judiciary Council decides to amend the wording of the draft regulation governing the review of appeals against real estate expropriation decisions

"Tourism Authority" Outlines Benefits of the National Tourism Monitoring Platform at the Riyadh Chamber of Commerce

The General Real Estate Authority Inaugurates Its New Headquarters and Discusses Updates to Regulations Governing Real Estate Registration, Real Estate Brokerage, and Real Estate Contributions

The "Sakani" online platform receives over 15 million visits, including 702,000 app downloads

The Kingdom’s transportation sector jumps to first place globally in terms of ease of doing business

Al Rajhi REIT acquires educational properties with a purchase value of 210 million riyals

Malakiya Investment Company Acquires "Hotel Apartments" in Riyadh for 50 Million Riyals

"Arabian Business Saudi Arabia" magazine awards Riyad Bank the “Fastest-Growing Bank of 2019” award

The "Ijar" program concludes 2019 by documenting 570,000 lease contracts and conducting 48,000 inspection visits

Minister of Housing Calls on the Private Sector to Support the “Good Housing” Initiative

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Minister of Housing during the budget program: 14 billion riyals allocated for a program to promote construction technologies and support Saudi construction factories

Minister of Housing during the budget program: We exceeded our 2019 targets... “Itmam” has approved 99 plans… and the Owners" Association Regulation will be issued soon

Majid Al-Hogail: 1.8 billion riyals from vacant land fees to be invested in housing sector infrastructure projects

Al Rajhi Bank Concludes the ”Corporate Banking Credit Risk Management" Program

Ministry of Finance Signs Agreement with Saudi Investment Bank to Develop a New Method of Disbursement

The Capital Market Authority Approves the Offering of 30% Shares in Amlak International Real Estate Finance

Al-Inmaa Bank Meets Global Standard for Business Continuity

Reports Project Financing of 1.22 Million Homes Under Saudi Vision 2030

Analysis: Optimism Prevails Among REITs in the Saudi Market Over 9 Months

As of the end of November 2019, the value of residential mortgages for individuals from financial institutions exceeded 69 billion riyals

The Shura Council calls on "Kafala“ to establish financing incentives to encourage investment in industry, technology, and services

The Public Pension Agency plans to develop and invest in 100,000 square meters in agreement with "Riyadh Financial“

The United Nations Development Program (UNDP) provides technical support for "developmental housing“ initiatives

Housing units in the "Jawhara Al-Rasifa“ residential project delivered on schedule

12 banks and 5 finance companies have streamlined the mortgage loan process

Housing program serves employees of the Ministries of "Commerce“ and ”Municipal and Rural Affairs”

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