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1027 field visits carried out by the Ministry of Industry and Mineral Resources on industrial facilities in the Kingdom last December, to ensure their compliance with the necessary standards, specifications and requirements, and to monitor the quality of local products.
Ministry of Industry and Mineral Resources
======================== Enforcement reviews 63 real estate opportunities in the first week of February The Enforcement Center reviewed 63 real estate opportunities with a total area of one million square meters, through 9 public auctions during the period between 1-6 February 2022, which included commercial, residential and agricultural lands, villas, buildings, and commercial complexes, in 7 different cities and governorates in the Kingdom. The opportunities included commercial, residential and agricultural lands, villas, buildings, and commercial complexes in 7 different cities and governorates in the Kingdom.
The auctions were the North of the Kingdom Urban Auction in both Sakaka and Qurayyat, which offered 12 diverse and distinctive real estate opportunities, then the Shorouk Al Madinah Urban Auction held on 21 real estate opportunities in Al Madinah, then the Jawaher Al Qassim Online Auction (12 real estate opportunities) in the Al Qassim region. Dawadmi e-auction (6 real estate opportunities) and Tatweer e-auction (2 real estate opportunities) in Dawadmi Governorate, Masharef Al Gharbia e-auction (10 real estate opportunities) in Makkah, and Al Malaz e-auction (distinctive real estate opportunities) strategically located in the Al Malaz neighborhood in Riyadh.
======================== "Environment and Agriculture" offers real estate assets for long-term investment The Ministry of Environment, Water and Agriculture revealed that it is offering a variety of real estate assets under its supervision for investment for 25 years or more, noting that investors are exempted for a certain period of time from paying rent for processing and construction. Ministry of Environment, Water and Agriculture.
Nawaf Al-Abdulkareem, Director of the Ministry's Investment Department, said during a workshop entitled "Investment Opportunities for Nurseries" that after completing the infrastructure to implement the regulation, real estate opportunities in marine sites and parks, agricultural opportunities and investment in livestock and nurseries.
Abdulkareem pointed out that there is optimism that the regulation has made it possible to take advantage of the ministry's investment opportunities to upgrade the sites it supervises and enable investors to carry out investment activities in line with the ministry's objectives.
======================== 85% Court Auctions Investment Real Estate Execution courts in the Kingdom carried out 90 auctions during the past year 2021, and according to a statistic issued by the Ministry of Justice, investment "real estate" accounted for about 85% of them, and the Riyadh region accounted for 55% of these auctions, followed by the execution courts in the Eastern Province in second place, followed by the Qassim region. Riyadh region accounted for 55% of these auctions, followed by the execution courts in the Eastern Province in second place, followed by the Qassim region.
In addition, the Ministry of Justice issued 90,000 reconciliation documents through more than 500 reconcilers and reconcilers through the Taradi electronic platform, which allows resolving disputes without the need for the parties to the dispute to visit reconciliation offices.
========== "Saudi Chambers" calls for inventory of government assets The Federation of Saudi Chambers of Commerce called on government agencies to study and review the comprehensive guide for the inventory, inventory and valuation of government assets by holding awareness workshops with specialists, and in turn, the National Valuation Committee at the Federation supports the Accounting Accrual Center with information about valuation companies and offices in the branches of machinery and equipment and economic facilities.
During the meeting between the Federation and the Accounting Entitlement Center, the two sides discussed mechanisms to enhance communication between the Center, the Committee and accounting offices to raise the quality of the valuation and inventory of government assets and provide advice on projects proposed for valuation in the general interest of the national economy.
========== Local press reports stated that ready-mixed concrete prices decreased significantly on both the monthly and annual levels, as all types of concrete recorded a decline on the monthly level, contrary to the rise in building materials prices, while one type recorded a slight increase on the annual level. Ready-mixed concrete prices continue to decline.
The average prices of ready-mixed concrete stabilized in December at 202.61 riyals, after it closed December 2020 at 203 riyals, and recorded last November at 204.76 riyals, to record at the end of the year a monthly and annual decrease among the varying increases recorded by other building materials. The average prices of ready-mixed concrete in December stabilized at 202.61 riyals.
Prepared concrete prices continue to fall
