Month: July 2010

Al Fozan Group of Companies is one of the oldest building materials suppliers in Belda Mall

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Reading time: < 1 MinuteAl Fozan Building Materials Group has started working in its branches in ((Construction and Design City)) Balada Mall for a number of its companies specialized in construction, Al Fozan is considered one of the leading companies in building materials and for the first time Al Fozan companies are gathered in one location where glass, iron and scaffolding factories are located in Balada Mall, and this gathering comes as the group believes in the feasibility of ... Read more

“Amlak interviews Dr. Abdulrahman Al-Tassan, CEO of Rakka Real Estate

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Reading time: 3 MinutesDr. Abdulrahman Al-Tassan, CEO of Rekka Real Estate Company, opened his heart to “Amlak” and talked about his visions and his view of the real estate reality in the Kingdom. He expected a limited decline in real estate prices in some areas of the Kingdom that have reached prices that are not feasible to invest in, but he saw that all real estate in the Kingdom still has opportunities and their prices are considered reasonable ... Read more

Opening its first station before Ramadan

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Reading time: < 1 Minute“The UAE's ADNOC Distribution and Petroleum Services Company has turned to the Saudi market as a huge and promising market that absorbs the company's products and services, and the company has obtained 33 sites to build gas stations with the same specifications, quality and design implemented in the UAE, and the company is now building 7 centers for stations on the main roads ... Read more

Summer vacation jumps real estate deals in Riyadh 175%

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Reading time: < 1 MinuteSummer vacation jumps real estate deals in Riyadh 175% The real estate index in Riyadh jumped from last week for residential real estate according to the report of the first notary in Riyadh to 175% with a total value of 2.22 billion riyals, with the number of real estate deals amounting to 1725 deals, and the number of deals increased from the previous week by 10% as it recorded 1581 deals, and the Malaga neighborhood recorded the largest deals ... Read more

Samba expects the construction sector to boom next year

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Reading time: < 1 MinuteSamba expects the construction sector to boom next year Samba's report on key sectors in the Kingdom predicted that the Saudi economy is on the road to recovery from the semi-stagnation it witnessed last year as a result of the global financial crisis, and that the construction sector will achieve good performance during this year and next, noting that the expected indicators that this sector ... Read more

Prince Sattam chairs the meeting of the Supreme Executive Committee for Projects and Planning at the Riyadh Development Authority headquarters

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Reading time: < 1 MinuteThe Higher Committee for Projects and Planning recently held its 123rd meeting under the chairmanship of His Royal Highness Prince Sattam bin Abdulaziz, Acting Chairman of the Higher Executive Committee for Projects and Planning for Riyadh City, at the headquarters of the Higher Authority for the Development of Riyadh City in the Embassies neighborhood. The meeting was held at the headquarters of the Higher Authority for the Development of Riyadh City in the Embassies District, and was chaired by HRH Prince Sattam bin Abdulaziz, Acting Chairman of the Higher Executive Committee for Projects and Planning for Riyadh City. Read more

Real Estate Committee in Sharqiya discusses the idea of forming a reconciliation committee

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Reading time: < 1 MinuteThe real estate index in Riyadh jumped from last week for residential real estate according to the report of the first notary in Riyadh to 175% with a total value of 2.214 billion riyals, as the number of deals this week reached 1725 real estate deals, and the number of deals increased from last week, which recorded 1581 deals by 10%, and the Malacca neighborhood recorded the largest real estate deals ... Read more

Samba expects the construction sector to boom until the end of 2011

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Reading time: < 1 MinuteSamba's report on the Kingdom's main sectors expects the Saudi economy to recover from the semi-stagnation it witnessed last year and that the construction sector will achieve good performance during this year and next year, noting that the history of this sector is volatile and unstable during the past years, and the report explained that there are many contracts in 2009 ... Read more

Real estate oddities

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Reading time: < 1 MinuteA large real estate agent requires that the quest be in a sealed envelope that is not known what is inside, which the buyer opens when he arrives at his home. Comment(That's why they say the customer is like his brother and always right!) A buyer evades paying the commission so he puts the deed in his son's name or his wife's name so it's difficult to sue him. Comment(There is no way he will divorce his wife and he only has ... Read more

«Al Qasim» introduces 5 new investment opportunities

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Reading time: < 1 MinuteA large real estate agent requires that the quest be in a sealed envelope that is not known what is inside, which the buyer opens when he arrives at his home. Comment(That's why they say the customer is like his brother and always right!) A buyer evades paying the commission so he puts the deed in his son's name or his wife's name so it's difficult to sue him. Comment(There is no way he will divorce his wife and he only has ... Read more

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