Month: February 2014

Riyadh Region Removes Non-Saudis from Real Estate Offices

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Reading time: 2 MinutesThree-month grace period for implementing new regulations; Riyadh Region to deport non-Saudis from real estate offices – Amlak Report: In accordance with labor regulations and to promote Saudization, a committee comprising several government agencies, under the supervision of the Riyadh Region Emirate, has approved measures to address the situation of real estate offices; those caught engaging in real estate brokerage activities will be deported, similar to those working in the scrap metal sector, and it will be mandatory … Read more

A wealth of experience in the UAE's freehold real estate market, driven by local and foreign investment

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Reading time: 3 MinutesThe UAE’s Rich Experience with Freehold Property in the Real Estate Market Through Local and Foreign Investments: A Unique and Bold Experiment in the UAE’s real estate market has yielded successful and unique results… The laws and regulations governing freehold ownership for non-citizens in the United Arab Emirates constituted a unique, successful, bold, and progressive experiment when measured against the time in which they were enacted, and when viewed in… Read more

Ambitious national programs to support small businesses in Saudi Arabia

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Reading time: 3 MinutesAmbitious National Programs to Support Small Businesses in the Kingdom Riyadh—Amlak: Micro-enterprises suffer from a lack of funding, which hinders their ability to achieve future goals. Therefore, the Saudi Credit and Savings Bank plans to launch national programs to support productive individuals, most notably «The Professional Home» to support productive families and micro-enterprises, in collaboration with several government, commercial, and charitable entities to exchange expertise and provide financial support. The Home … Read more

”The Ministry of Housing Adopts Designs for Multi-Unit Residential Buildings and Properties

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Reading time: 3 MinutesReveals that large tracts of residential land remain undeveloped; ”Housing Ministry” adopts designs for multi-unit residential buildings and properties in Riyadh-Real Estate The Ministry of Housing has revealed the projects it is currently undertaking, which include developed residential land designed to accommodate the construction of multi-story residential buildings (apartment buildings) as well as land to accommodate the construction of detached residential units (villas), explaining that … Read more

Fourth International Education Forum and Exhibition concludes with regional and international participation

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Reading time: 3 MinutesThe 4th International Education Forum and Exhibition Concludes with Regional and International Participation – Minister of Education: Our Religion and National Values Form a Solid Foundation That Guides Us Toward Excellence and Creativity – The forum’s exhibition featured more than 250 national, regional, and international pavilions – The forum held 10 workshops and 50 seminars on the vision of educational and national institutions for education The 4th International Education Forum and Exhibition concluded … Read more

15 international agreements that protect Saudi importers from liability

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Reading time: 3 MinutesDuring a workshop on imported goods, 15 international agreements were unveiled that protect Saudi importers from any liability • Over 122 million non-compliant goods seized last year Amlak-Follow-ups The Saudi Standards, Metrology and Quality Organization (SASO), headed by Dr. Saad bin Othman Al-Qasabi, Governor of SASO, held several workshops in cooperation with the Riyadh, the Eastern and Western Chambers, addressing procedures … Read more

3 investment agreements between the Saudi and British private sector

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Reading time: < 1 MinuteBusiness leaders and representatives from the private sector in Saudi Arabia and the United Kingdom signed three agreements on the sidelines of the Saudi-British Business Council meetings, which opened in the British capital, London, the day before yesterday. The first agreement was signed between Amial Gulf and a British law firm to invest 30 million pounds in the London real estate sector. The second agreement involved the establishment of a company … Read more

Wealthy people are flocking to invest in British real estate

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Reading time: 2 MinutesFleeing financial turmoil in emerging economies, wealthy individuals are flocking to invest in British real estate Riyadh-based “Amlak” reported that political and financial turmoil in a number of the world’s major emerging economies has sparked a new wave of migration by the wealthy to London’s active real estate market, according to data released yesterday by a leading real estate consulting firm. According to Reuters, Knight … Read more

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