Month: April 2013

More than 600,000 housing units needed in two years

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Reading time: 2 Minutes   Khobar-Amlak A specialized study revealed that the demand for housing units in the Eastern Province will rise over the next two years to reach 646 housing units, and that the demand will exceed 603 thousand by the end of the current year 2013 units, indicating that the accelerated growth rate of the cities of the Eastern Province is an important factor to increase the demand for housing units in different proportions for each type of ... Read more

Two months' notice for occupations targeted for Saudization

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Reading time: < 1 Minute   His Royal Highness Prince Khalid bin Bandar bin Abdulaziz, Governor of Riyadh, has extended the deadline given to owners of professions targeted for Saudization in the first phase, which includes gold markets, vegetable markets, used furniture, real estate offices, public services offices, banks and household utensils shops, to two months from the end of the previous deadline on Jumada II 1. The decision comes to enable ... Read more

Establishing a National Center for Infrastructure Protection

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Reading time: 2 Minutes   Riyadh-Amalak The Shura Council approved, under the chairmanship of the Speaker of the Council, Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al-Sheikh, the establishment of a national center for information security concerned with protecting the technical infrastructure and websites from hacking. The Council listened to the remarks and opinions of the members regarding the annual report of the Ministry of Communications and Information Technology (MCIT) ... Read more

To build 12 thousand housing units: ”Real Estate Development” approves more than 10 thousand loans

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Reading time: < 1 Minute   Riyadh-Amlak Mr. Mohammed bin Ali Al-Abdani, Director General of the Real Estate Development Fund, announced the approval of a new loan batch that includes 10,090 loans to build approximately 12,100 housing units in the cities, governorates and centers of the Kingdom covered by the Fund's services and according to the priority of providing the loan. Al-Abdani explained that the value of this batch amounted to five billion and forty-five million riyals and represents ... Read more

Submitted to the higher authorities: ”Housing” prepares to impose fees on white lands

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Reading time: 2 Minutes   Riyadh-Amlak As part of its new general strategy, the Ministry of Housing is preparing to submit the strategy to the higher authorities for approval, after the ministry completed the necessary studies for it, which includes imposing fees on unused white lands. This was explained in a press statement by the Director General of the Real Estate Development Fund, Mohammed Al-Abdani, detailing that the new general strategy included recommendations including the expansion of ... Read more

10 shareholders ordered to return their capital with «Friday»

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Reading time: < 1 Minute   Dammam - Agencies The Court of Appeals in Dammam has ruled to refund the capital of ten shareholders in the troubled shareholding of businessman Juma Al-Juma, and the court ruling is applicable to the rest of the estimated 9,000 shareholders, some of whom are still pleading in the judiciary. The court ruling applies to the remaining shareholders, estimated to number around 9,000, some of whom are still in court. Read more

In implementation of the Supreme Order: Credit Bank announces the launch of the Graduate Loan Program

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Reading time: < 1 Minute   Riyadh-Amalak The Saudi Credit and Savings Bank (SCSB) revealed the details of the “Graduate Program” to lend to university graduates preparing to teach and holders of health diplomas through its website. The bank's spokesperson, Ahmed Al-Jabreen, discussed the details of the program, noting that it comes in implementation of the Supreme Order to find short and urgent solutions to address the increasing number of university graduates who are prepared to teach and hold health diplomas, as the bank has designed ... Read more

Shura calls for a fair and transparent system for distributing land to citizens

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Reading time: < 1 Minute   Riyadh-Amalak The Saudi Credit and Savings Bank (SCSB) revealed the details of the “Graduate Program” to lend to university graduates preparing to teach and holders of health diplomas through its website. The bank's spokesperson, Ahmed Al-Jabreen, discussed the details of the program, noting that it comes in implementation of the Supreme Order to find short and urgent solutions to address the increasing number of university graduates who are prepared to teach and hold health diplomas, as the bank has designed ... Read more

Custodian of the Two Holy Mosques directs to give irregular workers a chance to correct their status

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Reading time: < 1 Minute   Riyadh- SPA The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud directed the Ministry of Interior and the Ministry of Labor to give an opportunity for workers violating the labor and residence system in the Kingdom to correct their status within a maximum period of three months from its date, and those who fail to do so will be subjected to the law.

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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