Month: November 2013

“Shura approves revision of guarantees and loan fees for the Industrial Development Authority”

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Reading time: < 1 MinuteRiyadh-Amalak The Shura Council agreed that the Saudi Industrial Development Fund (SIDF) should review the guarantees, fees and charges it charges, to ensure that the lending mechanism is accelerated and facilitated. The Shura Council agreed on the need to set quantitative performance standards for the Fund's work and to attach its results in future reports. It also agreed during its discussion of the fund's annual report during its recent session that the fund should work ... Read more

28 billion dirhams worth of trade exchange between the Kingdom and Dubai during the first half of this year

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Reading time: < 1 MinuteDubai - Agencies The value of trade between Dubai and Saudi Arabia during the first half of this year amounted to AED 28 billion compared to AED 23 billion during the same period in 2012, an increase of 20%. Dubai Customs and Saudi Customs, headed by its director Saleh Al-Khaliliwi, discussed mechanisms for future cooperation, based on the current strong areas of cooperation, especially with regard to ... Read more

Qualifying Saudi leaders to manage the IT sector

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Reading time: < 1 MinuteRiyadh - Amlak The off-plan real estate sales committee at the Ministry of Commerce and Industry is carrying out its regulatory and supervisory tasks on real estate development projects that work with the early sale system before or during the construction period through its field visits to a number of projects that have licenses to sell real estate units on the map, as part of its keenness to ensure the success of the projects and follow-up, and to achieve the objectives of the committee ... Read more

King Abdullah Economic City offers residential plots of various sizes

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Reading time: < 1 MinuteRiyadh - Amlak King Abdullah Economic City (KAEC) has announced its readiness to offer residential lands in the second area of the city's coastal communities by the end of this month. KAEC's Managing Director and CEO Fahad Al-Rasheed said that 383 plots of land will be put up for sale after 117 plots were sold, most of which were sold ... Read more

Under the patronage of the Emir of Sharqiya: Al-Ahsa Investment Forum kicks off next December

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Reading time: 2 MinutesAl-Ahsa - Amlak The activities of the Al-Ahsa Investment Forum will kick off in its third edition organized by Al-Ahsa Chamber from December 25 to 26 under the patronage of Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, and under the follow-up of Prince Badr bin Mohammed bin Jalawi, Governor of Al-Ahsa, where the forum will focus on the energy axis of oil and gas, in addition to highlighting Al-Ahsa as a city ... Read more

Housing and Real Estate Finance Seminar to be held at the Eastern Chamber This November

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Reading time: 2 MinutesDammam - Amlak The symposium «Housing and Real Estate Finance» organized by the Eastern Chamber under the patronage of the Minister of Housing, Dr. Shuwaish Al-Duwaihi, will be held in the last week of November, with the participation of a wide range of real estate finance companies and institutions and related institutions, in addition to the participation of a group of businessmen and housing experts. For his part, Chairman of the Board of Directors of the Chamber Abdul Rahman Al-Rashed ... Read more

Dubai officially joins the standardization of global surveying standards

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Reading time: < 1 MinuteDubai-Walat Dubai Land Department (DLD) has officially completed all procedures to join and support the global initiative to unify surveying standards, making it the first government department in the world to support this trend by participating in drafting unified surveying standards alongside more than 20 international organizations specialized in this field. During the meeting, it was agreed that DLD will ... Read more

Saudi Construction Expo 2013 to be held in Riyadh tomorrow

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Reading time: < 1 MinuteRiyadh - Amlak The Saudi Construction Exhibition 2013 will be held at the Riyadh International Convention and Exhibition Center from November 4 to 7, 1435 AH, in conjunction with the 25th International Exhibition for Construction Technologies, Materials and Equipment, providing contractors, real estate developers and project owners with a wide range of construction solutions, in one trade event that is the largest in the field of ... Read more

The index rises in Riyadh, Mecca and Medina and falls in Jeddah and Dammam

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Reading time: 4 MinutesRiyadh, the property of the Ministry of Justice issues the weekly real estate index The real estate index recorded a rise in the first notaries in Riyadh, Makkah, Madinah, Al-Ahsa'a, Taif, Tabuk, Jazan, Uhud Rafidah, Jubail, Jafar, Jamoum, Al-Khubair, Riyadha, Diriyah, Al-Ayun, Ghatt, Qurayyat, Qunfudah, Qawara, Majma'a, Mizahimiyah, Taymaa, Harimla, Hawtah Bani Tamim, Duma Al-Jandal, Sarrah Abida, Shaqra, Sabya, Najran and Yanbu and a decrease in ... Read more

“Credit” approves 530 projects and more than 31 thousand loans

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Reading time: 2 MinutesDuring the third quarter of 2013, the Saudi Credit and Savings Bank (SCSB) approved the financing of 530 projects worth 131 million riyals in various regions and cities of the Kingdom, including multiple specialties, bringing the total number of projects approved during the three quarters to 1495 projects worth more than 376 million riyals. ... Read more

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