The Board of Directors of the Federation of GCC Chambers has issued a decision appointing Dr. Saud bin Abdulaziz Al-Mashari as Secretary General of the Federation of GCC Chambers. He is considered one of Saudi Arabia’s most distinguished national administrative leaders, He has held numerous administrative positions in the legal field and holds a Ph.D. in Law from the University of Washington in the United States, a Master’s degree in the same field from the American University of Washington, and a bachelor’s degree in the same field from King Saud University. He is also a graduate of the Strategic Leadership Program at Harvard University and the Government Contract Management Program at George Washington University in the United States.  (Gulf Real Estate)

Dr. Saud Al-Mashari expressed his thanks and appreciation to the members of the Board of Directors of the Federation of Gulf Chambers for their trust, affirming his commitment to managing the Federation’s work and addressing numerous internal and external issues and topics which will drive Gulf economic development in the coming phase, fulfill the Council’s aspirations, and enhance its contributions to the development process in the Gulf Cooperation Council (GCC) countries—whose primary objectives include the realization of the Gulf Common Market and the Customs Union.

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

Gulf Real Estate – Real Estate Projects – Investment Opportunities –

Real Estate Financing – Aramco Shares – Construction – Gulf Real Estate

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 law on reviewing appeals against property expropriation decisions

'Tourism Authority" Highlights Benefits of the National Tourism Monitoring Platform at the Riyadh Chamber

The General Authority for Real Estate 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 Ejar program concludes 2019 with 570,000 lease contracts documented and 48,000 inspection visits

Minister of Housing Calls on Private Sector to Support "Good Housing" Initiative

Gulf Real Estate

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 the 2019 targets.. "Itmam" has approved 99 plans… and the Owners“ Union Regulation will be issued soon

Majed Al-Hogail: 1.8 billion riyals from white land fees to be injected into housing sector infrastructure projects

Al Rajhi Bank Concludes "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 for Real Estate Finance

Alinma 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 personal mortgage loans from financial institutions exceeded 69 billion riyals

The Shura Council calls on "Kafalah" 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“

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 process

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

Gulf Real Estate