Month: June 2013

Minister of Municipality and Rural Affairs inspects affordable housing project in Makkah

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Reading time: 2 MinutesMecca—Amlak: His Royal Highness Prince Dr. Mansour bin Mutaib bin Abdulaziz, Minister of Municipal and Rural Affairs, recently inspected the Makkah Oasis Affordable Housing Project, which is currently under construction in the Umm al-Joud district of Mecca, with the aim of assessing the progress of the work, the completion rate, and the stages it has reached. The minister toured the site accompanied by the Secretary of the Holy City, Dr. … Read more

Facilities worth 535 million riyals to implement Al-Khodari's projects«

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Reading time: 2 MinutesRiyadh—Amlak: Abdullah Abdulmohsen Al-Khadri Sons Company signed a banking facility agreement based on Islamic financing principles with Gulf International Bank last Monday in the amount of 290,130,000 riyals (two hundred ninety million one hundred thirty thousand riyals). The company explained in a press release published on the Tadawul website that these credit facilities are intended to provide a guarantee, finance working capital, and purchase fixed assets … Read more

At a cost of 4 billion dirhams: «Aldar unveils Abu Dhabi Plaza in Kazakhstan

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Reading time: < 1 MinuteAbu Dhabi—Agencies: Aldar Properties and Arabtec Holding announced that a contract worth approximately four billion dirhams has been awarded to a joint venture (comprising Arabtec Holding and Union Contractors) to build the «Abu Dhabi Plaza» project in the Kazakh capital, Astana. A recent statement explained that Aldar Properties awarded the construction contract in its capacity as the developer on behalf of the project owner, from … Read more

«Al Saeed Real Estate launches a new branch in eastern Riyadh

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Reading time: < 1 MinuteRiyadh—Amlak: Al-Said Real Estate Company has inaugurated its newest branch—its twelfth in eastern Riyadh—in the Qurtuba neighborhood, along an extension of Khalid bin Al-Waleed Street, continuing its track record of success and achievements and providing the highest quality service to customers. Al-Said Real Estate Company is considered one of the leading companies in the field of real estate investment and marketing. The company was founded in 1999 (1420 AH), and since its inception … Read more

Qatar Airways Wins 3 International Awards

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Reading time: < 1 MinuteParis — News Agencies: Qatar Airways won three prestigious awards at the 2013 Skytrax World Airline Awards ceremony, held yesterday during the Paris Air Show in Le Bourget, France. The airline won the awards for “World’s Best Business Class,” ”World’s Best Business Class Lounge,” and “Best Cabin Crew in the Middle East” for the second consecutive year … Read more

Building the world's tallest skyscraper at 1.6 kilometers high

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Reading time: < 1 MinuteDubai—News Agencies: Prince Al-Waleed bin Talal revealed that he has begun exploring various locations around the world—including Shanghai, Moscow, London, and New York—to build a skyscraper one mile tall, which would be the world’s tallest skyscraper. The prince invited Emaar, Dubai’s largest real estate company headed by Mohamed Alabbar, to collaborate on the project with his company, Kingdom Holding. Alwaleed said … Read more

«Jabal Omar to launch its first hotel. Next month

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Reading time: < 1 MinuteJabal Omar Development Company announced that the opening and operation of the first hotel in its massive project adjacent to the Grand Mosque will take place during the blessed month of Ramadan this year, 1434 AH. The company added that the hotel consists of two towers, each with 20 floors and a total of 500 five-star rooms. It is located in the area overlooking the western courtyard of the Grand Mosque and includes a reception lobby … Read more

Huge amounts of real estate transactions in Dubai

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Reading time: < 1 MinuteDubai—Agencies: Real estate transactions at the Dubai Land Department totaled approximately 787 million dirhams, with sales totaling 693 million dirhams, including 447 million dirhams in land sales and approximately 246 million dirhams in apartment and villa sales. Mortgages totaled 94 million dirhams, including 64 million dirhams in land mortgages and 30 million dirhams in mortgages for villas and apartments. … Read more

Government agencies work to compensate contractors affected by license fees

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Reading time: < 1 MinuteRiyadh—Amlak Management Company has signed a contract with Manazil Real Estate Development Company under which it will market the Al-Malqa Commercial Center in Riyadh, in addition to managing all facilities, including maintenance, cleaning, security, and landscaping; It is located in the Al-Malqa neighborhood, west of King Fahd Road, and is considered one of the largest and most important shopping centers due to its large size and attractive design. Saud Al-Dahmashi, CEO of … Read more

Recognized for its high quality: “Dar Al Arkan wins two awards for best corporate governance system

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Reading time: < 1 MinuteRiyadh—Amlak: Dar Al-Arkan Real Estate Development Company recently achieved a remarkable success by winning the “Best Corporate Governance System in the Kingdom” for 2013, presented by the prestigious international magazine “World Finance,” which specializes in the finance and business sectors. It also received the “Best Corporate Governance System in the Middle East and North Africa” for 2013 from “The European,” a magazine specializing in … Read more

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