Month: May 2013

«Commerce» studies the establishment of the Supreme Real Estate Authority

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Reading time: < 1 MinuteRiyadh - Amlak The Ministry of Commerce and Industry is studying the file of establishing the Supreme Real Estate Authority after it received the file in preparation for completing its requirements to follow up all procedures with all relevant government agencies, and working to accelerate the completion of the remaining stages and bring the views closer to announce it soon. It is planned that this authority will be concerned with all matters related to the real estate sector in all ... Read more

”Eastern Real Estate Appreciates Custodian of the Two Holy Mosques” Decisions to Solve the Housing Crisis

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Reading time: < 1 MinuteRiyadh - Amlak The Ministry of Commerce and Industry is studying the file of establishing the Supreme Real Estate Authority after it received the file in preparation for completing its requirements to follow up all procedures with all relevant government agencies, and working to accelerate the completion of the remaining stages and bring the views closer to announce it soon. It is planned that this authority will be concerned with all matters related to the real estate sector in all ... Read more

”Housing” will soon issue the eligibility mechanism for grants, loans and land

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Reading time: < 1 MinuteRiyadh-Amlak Official sources in the Ministry of Housing revealed that the mechanism for entitlement to grants, loan and land will be announced soon, and revealed that the ministry has received from the Ministry of Municipal and Rural Affairs about 150 million square meters of land allocated for housing, 40 percent of which is neither developed nor divided. The same sources indicated that they expect to receive from the ministry more ... Read more

It created a spring atmosphere: Rains lure families to dams and reefs

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Reading time: < 1 MinuteRiyadh-Dammam-Amlak The rains that fell heavily during the past few days in a number of regions of the Kingdom, especially the central and eastern regions, tempted many families to go out to the valleys, reefs and dams to hike and watch the water and its flow, as these rains created a charming spring atmosphere, with a noticeable decrease in temperatures and the disappearance of sunlight that only wanted to share their joy. ... Read more

”Real Estate” settles the issue of emptying the deeds of “Housing” villas”

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Reading time: < 1 MinuteMakkah - Amlak The Real Estate Development Fund in Makkah was able to resolve the issue of issuing sukuk for the sold housing villas, which lasted for about 10 months, after a dispute between different parties over the emptying of the sukuk. The Real Estate Development Fund (REDF) in the Makkah region was able to resolve the issue of issuing sukuk for the sold housing villas, which lasted about 10 months, after a dispute between different parties over the emptying of the sukuk ... Read more

Custodian of the Two Holy Mosques directs to inventory rain losses and incentivize civil defense personnel

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud sent a cable to His Royal Highness Prince Mohammed bin Nayef bin Abdulaziz, Minister of Interior, and HE Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf, stipulating that all losses caused by the rains to citizens of any kind be accounted for within a period not exceeding one month from its date, and the payment of a month's salary for each ... Read more

KDIPA unveils review and inventory of licensed foreign investments

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Reading time: < 1 MinuteRiyadh-Amalak Abdul Latif Al-Othman, Governor of the Saudi Investment Commission, revealed that there is a follow-up and review of files related to foreign investment projects that have been licensed in the country, and said: «There are licenses that do not live up to the desired investment and negatively affect not only the economy and development but also the serious foreign investor.» In a press statement, Al-Othman pointed to the importance of licenses contributing positively ... Read more

The Housing Ministry submits the National Housing Strategy to the Board of Experts

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Reading time: < 1 MinuteRiyadh-Amalak The Ministry of Housing last week submitted the «National Housing Strategy» to the Expert Council of the Council of Ministers in preparation for its approval or any comments on it. An informed source said:” The strategy will include a proposal to impose zakat on white and unutilized land within the urban area, in line with the state's orientation to reduce land prices, which was ... Read more

For using adulterated materials: Building collapse in Bangladesh leaves 800 dead

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Reading time: < 1 MinuteDhaka: Agencies The collapse of an 8-story building led to the worst disaster in the industrial sector in Bangladesh, where the death toll exceeded 800 after dozens of other bodies were found in the rubble of the building that housed textile factories and collapsed two weeks ago near Dhaka, as a result of its owner's use of adulterated materials. “The death toll has exceeded 800," said army spokesman Lieutenant Mir Rabi... Read more

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