Month: April 2013

Custodian of the Two Holy Mosques orders to give citizens developed land and loans for construction - Minister of Housing We have started implementing the King's decision to equip the completed lands with services

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Reading time: 2 MinutesRiyadh—SPA—Agencies: The Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud—may God protect him—has issued a royal decree approving the following: 1 / The Ministry of Municipal and Rural Affairs shall immediately cease the distribution of municipal grants made by municipal secretariats and municipalities in accordance with their existing instructions. 2 / All government-owned land designated for housing, including … Read more

Discusses financing, mortgages, real estate and housing: Preparations are complete for the launch of the third international real estate conference in Riyadh«

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Reading time: < 1 MinuteRiyadh—Amlak: Preparations are complete for the launch of the Third Saudi International Real Estate Conference “SAIRK 3,” organized by the Council of Saudi Chambers on the 9th and 10th of Rajab 1434 AH, corresponding to May 19 and 20, at the King Faisal Conference Hall at the InterContinental Riyadh Hotel, under the patronage and in the presence of His Excellency the Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, with financing and mortgage issues taking center stage… Read more

Completion of 80% of the North-South Line Project

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Reading time: < 1 MinuteRiyadh-Amlak The Saudi Railway Company (SAR) has completed 801 kilometers of the North-South railway line, which is scheduled for completion in 2014. The company’s Project Manager, Eng. Abdul-Ilah Al-Hathil, explained that the project will create job opportunities, revitalize the areas it passes through, and raise income levels for residents. SAR organized a media tour during … Read more

Council of Ministers: Measures to address factories located outside of industrial cities

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Reading time: < 1 MinuteRiyadh-SPA:     His Royal Highness Prince Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, and Minister of Defense, may God protect him, presided over the session of the Council of Ministers held on Monday, 5 Jumada al-Akhira 1434 AH, at Al-Yamamah Palace in Riyadh. His Excellency Dr. Abdulaziz bin Muhyiddin Khoja stated that the Council subsequently continued its discussion of the agenda … Read more

Ewan's CEO is the best CEO in the Kingdom's residential real estate development sector

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Reading time: < 1 Minute      Riyadh-Amalak: Fahad Al-Mutawa, CEO of Aywan International Housing Company - one of the largest housing developers in the Kingdom - won the Best CEO in the residential real estate development sector in the 2012 CCEO Middle East Awards for CEOs in the Saudi business sector. Upon receiving the award, Engineer Fahad Al Mutawa said: ”We are proud to be recognized as the best CEO in the residential real estate development sector. We are honored to have been recognized by many ... Read more

Global company to build 3 hotels in Saudi Arabia

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Reading time: < 1 Minute  Riyadh-Amalak Kempinski Hotel Group has revealed that its plan to open three hotels in the Kingdom is on track, starting with the upcoming opening of Kempinski Hotel Al Othman in Al Khobar later this year, which is the group's first hotel in the Kingdom. The group will also open the Rafal Tower Hotel in Riyadh, which is located within the Kingdom's tallest residential tower, ... Read more

Qatari company to build two hotels in Al-Ahsa and Al-Khobar at a cost of SAR 500 million

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Reading time: < 1 MinuteAl-Ahsa-Amalak Sheikh Jassim bin Nasser Al-Thani, Chairman of Al Jazeera International Group, signed with Mr. Peter Williams (an Irish company) a contract for the implementation and construction of a five-star hotel and commercial complex in Al-Ahsa with a total area of 45,000 square meters, expecting the project to be completed within 24 months, and pointed out that the cost of the two hotels that will be built in ... Read more

The purchase of the ”Dana Al Rams” plan worth 2 billion riyals in Qatif

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Reading time: < 1 MinuteA real estate consortium comprising Ajlan & Brothers, Al Jadeei Group, Al Noah Real Estate Group, Talal Al Ghoneim Group and Abdullah bin Zaid Al Sulaiman Real Estate has succeeded in purchasing the Dana Al Rams plan in Qatif for SAR 2 billion. «We succeeded in forming this conglomerate to buy land that is actually considered to be ... Read more

«Stars of Peace participates as a co-sponsor at Restatex»

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Reading time: < 1 MinuteRiyadh-Amlak, Stars of Peace Real Estate Investment and Development Company will participate in the 15th Riyadh Real Estate and Urban Development Exhibition (Restatex 15) as a co-sponsor, which is organized under the patronage of the Minister of Housing, Dr. Shuwaish Al-Duwaihi, from April 29 to May 2 at the Riyadh International Convention and Exhibition Center (Riyadh International Convention and Exhibition Center). This was explained by Sheikh Jarallah bin Abdullah Al Oudaib, Chairman of the Board of Directors of Stars of Peace, ... Read more

Al Nimr Group's new identity launched

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Reading time: < 1 MinuteGhassan Holding's new identity was launched at the Sheraton Dammam Grand Ballroom, and Ghassan Al Nimr, President of the Group, emphasized the strength of the Kingdom's economy and its ability to face all challenges under the wise guidance and policies of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, stressing the spirit of cooperation and unity that is the cornerstone of the ... Read more

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