Public Investment Fund (PIF).

Reading time: 3 Minutes– The Public Investment Fund of the Ministry of Finance serves as the government’s investment arm, and holds stakes in publicly traded companies. It is the primary driver of economic development in the Kingdom through two main objectives set by the Council of Ministers in 1391 AH and 1394 AH: The first is to finance investment in commercial production projects wholly or partially owned by the state, and the second is to own and manage the government’s stake … Read more

National Day... and loyalty

Reading time: < 1 MinuteAll regions of the Kingdom celebrated the 83rd anniversary of the National Day, and at the outset we must extend our congratulations to the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, His Royal Highness Prince Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, and His Royal Highness Prince Muqrin bin Abdulaziz Al Saud, Second Vice President of the ... Read more

20 ”No's” to Avoid When Decorating Your Home

Reading time: 4 MinutesWhen browsing decoration websites, magazines and articles, we find a lot of tips and topics that deal with the things you should follow or take into account before choosing the right decoration for you, but it is rare to find topics that show you things you should not overlook and things you should avoid before choosing the most suitable for you. Amlak Real Estate Newspaper in this issue will open ... Read more

Joyful manifestations spread across all regions: Saudi Arabia turns green to celebrate 83rd anniversary of National Day

Reading time: 4 Minutes– Crown Prince: We enjoy security, safety, and stability under the leadership of the Custodian of the Two Holy Mosques – Second Deputy Prime Minister: Joyous occasions continue to unfold in our beloved Kingdom – Regional princes express their pride in the Kingdom’s achievements Riyadh—An atmosphere of joy and celebration swept across all regions of the Kingdom, and cities, villages, and hamlets were decked out in green to mark the 83rd National Day. Public squares, gardens, and parks witnessed … Read more

Focusing on skills will help make the 2022 FIFA World Cup in Doha and Expo 2020 in Dubai a success

Reading time: 3 MinutesDubai, United Arab Emirates; Doha, Qatar, September 14, 2013: Recently, global education and training providers operating in the Gulf region have called for strengthening the skills required in the construction and tourism sectors in preparation for the region’s hosting of one of the world’s largest events: the 2022 FIFA World Cup in Qatar. “Mark Andrews,” Director of Qualifications for Pearson Middle East, a leading provider of … Read more

Riyadh Mayor: 74 km of Riyadh Metro in underground tunnels and 80 km on bridges

Reading time: < 1 MinuteThe Secretary-General of the Riyadh Region, Engineer Abdullah Al-Mubarak, revealed that more than (74) km of the «Riyadh Metro» will run through underground tunnels, which will not disrupt traffic, and more than 80 kilometers of the project will run on elevated viaducts, while approximately 10 kilometers will run at ground level along King Abdullah Road and sections of King Abdulaziz Road… Read more

Officially. Jeddah Chamber elections postponed until after Hajj

Reading time: 3 MinutesYahya Azzan, chairman of the Jeddah Chamber of Commerce Election Committee, explained that the announcement of the names of candidates for the Chamber’s elections has been postponed until after the Hajj season. He also explained that the reasons for the postponement stem from time constraints—had the names been announced last week, only five days would have been allocated to receive appeals immediately following the announcement, and the campaign period would have been too short… Read more

Start registering for an «additional loan»

Reading time: 3 MinutesLoan, Land, and Property: The Director General of the Real Estate Development Fund in the Eastern Province, Engineer Salah bin Abdullah Al-Abdulkarim, stated that the first application for an additional loan from the Dutch bank was filed last week to complete the purchase of a home,The application was approved, and the title was transferred through the notary public in Al-Khobar, which processed this first application for the loan with the aim of expediting the transaction… Read more

Aqeer Development Company signed with a capital of 2.7 billion riyals

Reading time: 3 MinutesArticles of Incorporation: The company’s articles of incorporation were signed by representatives of the participating entities and companies, namely: the Ministry of Municipal and Rural Affairs (Al-Ahsa Governorate Secretariat), the Public Investment Fund, the Public Pension Agency, the Agricultural Development Fund, the Saudi Real Estate Company, the Peninsula Group, the Astra Group, the Al-Sha’la Holding Group, Al-Rashid Trading and Contracting Company, Abdul Latif Al-Arfaj & Brothers Holding Company, Namaa Real Estate Company, and Al-Sharq Industrial Development Company … Read more

The real estate sector stagnated by 50 percent during the last period

Reading time: 2 MinutesActivity in the construction and building sector declined to low levels during the Ramadan season, causing a slump in the real estate and construction sectors of more than 50 percent after the pace of work on economic infrastructure projects slowed across all regions of the Kingdom. This contributed significantly to a reduction in labor costs and construction material prices by more than 15 percent compared to previous months. Investors revealed … Read more