Month: December 2013

40 Hong Kong companies to invest in the Saudi market

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Reading time: < 1 MinuteAmlak-WAS: An economic delegation from Hong Kong representing 40 companies specializing in clothing, accessories, electrical appliances, and household goods has expressed interest in investing in the Saudi market during a workshop recently hosted by the Jeddah Chamber of Commerce and Industry, as part of Hong Kong’s participation in the International Trade Fair held at the Jeddah International Convention and Exhibition Center over four days, with the participation of … Read more

Decorating mistakes... Try to avoid them

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Reading time: 4 Minutes- Consistency between decoration styles is an important requirement - Measure the space before buying - Color consistency and limitation ensures completeness of beauty - Try to stay away from trends that do not last These days it is not enough for homeowners to be aware of modern trends in interior design and decoration or the latest fashions in the world of furniture and decoration to get ... Read more

Saudi Arabia's plastics sector is worth more than $50 billion

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Reading time: < 1 MinuteRiyadh—Amlak: The plastics and petrochemicals sector is witnessing rising investments and growing demand in the Kingdom, as the “Saudi Plastics and Petrochemicals Exhibition 2014” kicks off in Riyadh, and the 11th International Trade Fair for Plastics and Petrochemical Industries, organized by Riyadh Exhibitions Co., Ltd. from February 17 to 20, 2014, at the Riyadh International Convention and Exhibition Center. It appears … Read more

A thousand companies have upgraded their membership status with the Riyadh Chamber of Commerce to “Premium”

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Reading time: < 1 MinuteRiyadh—Amlak: Many major companies and institutions have upgraded their Chamber membership to the Premium Tier to enjoy the numerous benefits offered by the “Premium Tier Center” to its elite members, with the number of members exceeding 1,000 in 2013. In line with the objectives for which it was established, the Center strives to continuously seek out services and preferential benefits for its members from … Read more

More than 300,000 housing units have been built: Housing reveals the launch of the rent-to-own housing system within a month

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Reading time: < 1 MinuteRiyadh—Amlak: Housing Minister Dr. Shuwaish Al-Duwaihi announced that the rent-to-own housing program will be launched within one to one and a half months. He added that the mechanisms and eligibility criteria for obtaining the additional loan have been finalized and will be announced soon, noting that the regulatory stages for mortgages have been completed and implementation will begin shortly. According to the newspaper “Al-Madina,” he said that … Read more

Launching four training programs for the construction sector

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Reading time: < 1 MinuteRiyadh—Amlak: The Riyadh Chamber of Commerce plans to launch four specialized development programs for workers in the construction sector during the first quarter of 2014, aimed at developing their managerial skills and capabilities in project financial management, as well as educating them on the legal aspects of contract drafting and dispute resolution. Fahad Al-Hammadi, a member of the Riyadh Chamber’s Board of Directors and Chairman of the Chamber’s Contractors Committee, stated that the organization… Read more

”Housing” reviews the main features of the new mechanism for eligibility and housing support

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Reading time: < 1 MinuteRiyadh-Amlak: His Excellency Dr. Shuwaish bin Saud Al-Duwaihi, Minister of Housing and Chairman of the Board of Directors of the Real Estate Development Fund, briefed the Fund’s board members on the key features of the new eligibility and housing support mechanism that the Ministry and the Fund are working on for the coming period, with the aim of implementing the royal directives toprovide housing assistance to those eligible, highlighting the significant efforts made by the Ministry of Housing to develop the eligibility mechanism… Read more

With international participation: Saudi Arabia's Public Transportation Projects Exhibition and Forum kicks off in January

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Reading time: < 1 MinuteRiyadh—Amlak: Riyadh is hosting the launch of the largest Saudi-international exhibition and forum on transportation projects in Saudi Arabia (metro, trains, stations, buses), from January 5 to 7, 2014, at the Riyadh International Convention and Exhibition Center, under the patronage of Prince Khalid bin Bandar, Governor of the Riyadh Region. This important government economic event is being organized for the first time with the support of the Ministry … Read more

FDA approves electronic import of food

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Reading time: < 1 MinuteRiyadh—Amlak: In support of the implementation of electronic systems across various sectors, the Saudi Food and Drug Authority (SFDA) has approved the implementation of electronic systems to monitor food imports through the Kingdom’s sea, land, and air ports, effective from the first day of Rabi’ al-Awwal, such that no application will be accepted unless submitted electronically. In this context, the Authority urges food importers and customs brokers to register promptly … Read more

New York Daily News: Saudi Arabia is a land of golden opportunities for investment, especially in the real estate sector

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Reading time: 3 Minutes Growing domestic demand is a strong driver of the real estate sector’s recovery  The Kingdom needs to build 3 million housing units by 2040  The implementation of mortgage laws marks a strong start to the real estate sector’s boom Real estate wealth is estimated at approximately 1.5 trillion riyals, of which 1 trillion riyals is allocated for housing construction  Global Investment House: Real estate companies’ results were better in the fourth quarter … Read more

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