Month: April 2013

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

The Ministry of Housing will showcase its projects at Restatex 15 on April 29«

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Reading time: < 1 MinuteRiyadh Real Estate and Urban Development Exhibition “Restatex 15” which will be held on April 29 at the Riyadh International Convention and Exhibition Center, will be different from previous years, due to the participation of the Ministry of Housing in the exhibition to present its housing projects in all regions of the Kingdom to visitors. The Ministry of Housing will present a comprehensive presentation of the features and components of the National Housing Strategic Plan, in addition to a dialog ... Read more

Struggling Contributions and Shareholders' Rights

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Reading time: < 1 MinuteThere has been a lot of talk in the media, Internet sites and in councils about stalled contributions and the loss or freezing of shareholders' rights. Does it make sense that some contributions are more than thirty years old? For example, the contribution of Al-Ghazal Real Estate Office, which was dated 1400 AH, i.e. thirty-four years ago, as well as the contribution of the land of ... Read more

Auction to be held on April 18: 900 residential and commercial plots in Durrat Al Khaleej to be auctioned off

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Reading time: < 1 MinuteOn April 18, the Eastern Province will witness the auction of the second phase of the “Durrat Al Khaleej” contribution at the Dhahran Palace Hotel next to Saudi Aramco Gate No. 2. The committee overseeing the auction, which is the Committee for Struggling Real Estate Contributions, the General Court in Al-Khobar, the Department of Seizure and Execution and the legal liquidator Dr. Abdul Hamid Bin Khaneen for Legal Consultancy and Lawyers, said ... Read more

238 sites allocated to the Ministry of Housing to build 200,000 villas or 600,000 apartments

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Reading time: 2 Minutes   Riyadh - Amlak The Ministry of Municipal and Rural Affairs confirmed the allocation of 238 sites in all regions of the Kingdom to the Ministry of Housing to establish housing projects with a total area of more than 169 million square meters, taking into account the population density in each region and its needs for housing units. The Ministry of Municipal and Rural Affairs explained that the land areas that have been allocated to the Ministry of Housing exceed the needs identified by ... Read more

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