GCC real estate markets see recovery across all sectors

Reading time: < 1 MinuteThere has been a widespread and clear recovery in major and secondary locations with affordable prices, while further increases in rents and prices were expected; 2014 is also expected to see a slowdown in price increases from the unsustainable levels of growth seen in 2013. The retail market recorded growth in 2013, with a shift and increase … Read more

More than 60 billion public and private tourism investments across the Kingdom

Reading time: 2 MinutesMore than 60 billion in public and private tourism investments across various regions of the Kingdom Riyadh—Amlak: The General Authority for Tourism and Antiquities, in collaboration with the private sector, is making significant efforts to advance the tourism sector and establish more tourism projects that promote domestic tourism… In the coming period, the Authority, in cooperation with its partners, seeks to establish a number of companies and launch … Read more

The BUILDEX 2014 Construction and Building Exhibition Kicks Off in Al-Khobar Next Month

Reading time: 2 MinutesWith 120 local and international exhibitors, the BUILDEX 2014 Construction and Building Exhibition kicks off in Al-Khobar next month Al-Khobar- Amlak, through Dhahran International Exhibitions Company in Al-Khobar, will organize the BUILDEX (BUILDEX 2014) in Al-Khobar, with strong participation from more than 120 local and international exhibitors showcasing the most significant innovations in the construction sector … Read more

35 million riyals in profits by the end of last year

Reading time: < 1 Minute35 Million Riyals in Profits for «Sadq» at the End of Last Year Riyadh—Amlak: The Saudi Industrial Development Company “SADQ” to achieve profits of 35 million riyals in 2013, an increase of 5% compared to the previous year and representing a growth rate of 10% of the company’s total investments. The company’s net profits in the fourth quarter of 2013 amounted to 7 million riyals, representing an increase of … Read more

Establishing a new industrial city in Hawta Bani Tamim

Reading time: < 1 MinuteEstablishment of a new industrial city in Houta Bani Tamim Riyadh-Amalak The approval of His Royal Highness Prince Khalid bin Bandar bin Abdulaziz, Governor of Riyadh Region, was issued on the new site of the new industrial city to be established in the province of Houta Bani Tamim, as this site is located to the east of the province, where His Royal Highness directed to hand over the site to the Saudi Industrial Cities and Development Zones Authority to start ... Read more

More than 70 U.S. small and medium-sized companies showcase their products in Sharqiya

Reading time: 2 MinutesTrade between the Kingdom and the U.S. totals $65 billion… More than 70 U.S. small and medium-sized companies showcase their products in Dammam, Eastern Province-Last week in Dammam, the Eastern Province Chamber of Commerce organized the “U.S. Catalogs Exhibition,” which featured more than 70 small and medium-sized companies representing the oil and gas services, construction equipment, air conditioning and refrigeration equipment, and apparel sectors… Read more

100 hotel towers to be built in Makkah every year

Reading time: < 1 Minute100 hotel towers to be built in Makkah every year Makkah Al-Mukarramah - Follow-ups The number of hotel towers to be built annually in Makkah is about 100 hotel towers competing for construction by 25 contracting companies. The rapid growth in demand for the construction of residential and hotel towers has attracted dozens of major companies to enter the construction market in Makkah, especially in light of the expansion of ... Read more

More than (4 million square meters for housing in Madinah

Reading time: < 1 MinuteMore than 4 million square meters for housing in Medina Amlak - Follow-ups HRH Prince Dr. Mansour bin Miteb bin Abdulaziz, Minister of Municipal and Rural Affairs, signed a decision to allocate a land area of 4,115,588 square meters in Medina to the Ministry of Housing for the construction of residential buildings for citizens. The decision included directing the Medina Municipality to complete ... Read more

Participation of contractors and the business sector to provide feedback on projects

Reading time: < 1 MinuteParticipation of contractors and the business sector in providing feedback on projects Riyadh-Amlak The National Committee for Contractors of the Council of Saudi Chambers, following its meeting with the Minister of Labor, Engineer Adel Fakih, was able to achieve its demand that the business sector should participate in expressing its views and feedback on the projects that the Ministry of Labor intends to implement and submit their proposals on the drafts of those projects ... Read more

Upholstery fabrics in 2014 are more attractive, vibrant and bold

Reading time: 3 MinutesUpholstery fabrics in 2014 are more attractive, vibrant and bold Animal, bird and butterfly motifs have the largest share in the world of patterns Refresh your furniture with accessories that match the latest fashion trends Playful, bright and metallic colors give the place a lively character The patterns and colors of upholstery fabrics are inspired by their counterparts in the world of clothing Home furnishing fabrics get their style and colors from experts ... Read more