<The “White Lands” program has allocated SAR 1.138 million to complete the implementation and delivery of infrastructure services in the Arar housing project. The program indicated that this amount represents part of the program's revenues collected from the fees imposed on white lands within the urban area in the cities subject to the system in its first phase. (Real Estate)

<The program confirmed that there is an integrated plan to spend the revenues collected from the fees in the development of infrastructure projects and the delivery of public services in a number of projects affiliated with the Ministry of Housing. During the coming period, work will be done to follow up on the needs in a number of housing projects, and the aspects of disbursement include the construction of power stations and the delivery of electricity and water services, treatment plants, and other services required by these projects.

It is noteworthy that the “White Lands” program is one of the programs of the Ministry of Housing announced during 2016, and is applied in its first phase in Riyadh, Jeddah, Dammam and Mecca, and the total payment orders in the four cities are about 4,500 payment orders for a total area of more than 411 million square meters.

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

Housing Finance - Real Estate Projects - Investment Opportunities -

Real Estate Finance - Aramco Stocks - Building and Construction - Housing Finance

Editor-in-Chief Abdulaziz Al-Issa explains the story behind the Amlak Real Estate logo

Minister of Trade and Investment allocates land in Riyadh, Jeddah and Sharqiya to establish international exhibition and conference centers

Administrative Judiciary Council decides to amend the wording of the project to consider grievances against real estate expropriation decisions

“Tourism Authority” enumerates the advantages of the National Tourism Monitoring Platform at the Riyadh Chamber

Public Authority for Real Estate inaugurates its new headquarters and discusses the latest developments of the real estate registration projects, real estate brokerage, and real estate contributions

Residential platform receives more than 15 million visits, including 702 thousand downloads of the application

The Kingdom's transportation sector jumps to first place in the world in terms of ease of doing business

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

Malakia Investment Company acquires Riyadh hotel apartments worth 50 million riyals

Saudi Arabian Business Magazine recognizes Riyad Bank as “Fastest Growing Bank in 2019”

Ejar program closes 2019 with 570,000 leases and 48,000 inspections

Minister of Housing calls on the private sector to support the Good Housing Initiative

Real Estate Financing

Minister of Housing during the budget program: 14 billion riyals for the building technology incentive program and support for Saudi construction factories

Minister of Housing during the budget program: We exceeded the 2019 targets. “Completion” approved 99 plans ... The owners" association system will be issued soon

Majid Al-Haqeel: 1.8 billion riyals of white land fees to be pumped into infrastructure projects in the housing sector

Al Rajhi Bank Concludes Corporate Credit Risk Management Program

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

CMA approves 30% shares of Amlak International Real Estate Finance

Enmaa Bank Passes Global Business Continuity Benchmark

Reports expect 1.22 million homes to be financed during Vision 2030

Analysis. Saudi REITs are positive for 9 months

Analysis

As of the end of November 2019, more than 69 billion riyals worth of mortgage loans to individuals from financial institutions

Shura Council calls on Kafalah to develop financing incentives to encourage investment in industry, technology and services

Public Pension Corporation intends to develop and invest 100 thousand square meters. In agreement with Riyadh Capital

UNDP provides technical support for ”Development Housing" initiatives

Rusaifa Jewel Housing Project on schedule

12 banks and 5 finance companies shortened the mortgage journey

Housing program offers its services to employees of the Ministries of "Trade“ and ”Municipality and Rural Development"

Real Estate