Month: April 2014

More than $14 billion in foreign investments in the UAE

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Reading time: 2 MinutesThe UAE ranked first among the top five countries in the region in the flow of foreign direct investment (FDI) between 2008 and 2012 with a total value of $14.6 billion. This came in the first edition of the report launched by the Annual Investment Forum in its fourth edition and for the first time since its launch in cooperation with FDI Intelligence, the foreign direct investment ... Read more

Al Humaidan is Chairman of Glass« Board of Directors»

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Reading time: < 1 MinuteRiyadh - Amlak The National Glass Industries Company (Glass) has appointed Riyadh bin Mohammed bin Abdullah Al-Humaidan as Chairman of the Board of Directors in its ninth session, which begins on 09/04/2014 for a period of three years. The company's general assembly had approved last Wednesday the distribution of cash dividends to shareholders at 12.5% (1.25 riyals per share) as profits for the fiscal year, and the general assembly approved ... Read more

«Albani launches sales in one of its largest projects north of Riyadh

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Reading time: 2 MinutesRiyadh - Follow-ups A number of local banks have started preparing a list of conditions related to additional loan applicants. Some banking sources explained that some Saudi banks are preparing to impose their own requirements that they used to offer to those wishing to obtain real estate loans earlier, on applicants for the additional loan. The sources revealed to some media organizations that the banks ... Read more

«Housing» implements 60 housing projects accommodating more than 124 thousand housing units

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Reading time: 2 MinutesThe Ministry of Housing is currently designing 60 new projects to accommodate 124,809 housing units in all regions and governorates without exception, in addition to the more than 93,000 housing units currently under construction or under award. The Ministry of Housing's new projects will be among the most important service projects, as work is in full swing ... Read more

Demands for green building in Saudi Arabia

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Reading time: < 1 MinuteAl-Madinah-Amalak The Green Building Forum 2014 organized a specialized workshop entitled “Possibilities of transitioning to green building in the Kingdom”, under the patronage of His Royal Highness Prince Faisal bin Salman bin Abdulaziz, Governor of Al-Madinah region, in the presence of representatives of several government and private entities, where participants called for the adoption of green building in the Kingdom. The forum's chairman, Engineer Majdi Abdulkarim Bukhari, explained that ... Read more

2.94 trillion riyals to be spent on infrastructure and construction projects

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Reading time: < 1 MinuteThe Kingdom topped the Middle East and North Africa in spending on infrastructure and construction projects with costs amounting to more than 2.94 trillion riyals ($784 billion), including projects that are being implemented or those that the competent authorities intend to initiate during the current year in order to promote development projects, strengthen the industrial and economic sectors and exploit natural resources and wealth to build ... Read more

«Labor» issues conditions for granting foreign worker visas to the «construction and building» sector

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Reading time: 2 MinutesRiyadh - Amlak The Ministry of Labor issued the Nitaqat guide, which details the mechanism for granting visas to the construction and building sector, including the study of civil contracts submitted by companies or hotels and the like such as furnished apartments, hospitals, private clinics and banks on the basis of (one cleaner per 200 square meters, and one cleaner per 100 square meters in the case of a female section for one shift). ... Read more

Studying the issue of the delayed release of 3,000 land plots

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Reading time: 2 MinutesAccording to informed reports, the Supreme Court in Riyadh is currently studying the case file of the dispute over three thousand residential plots north of Taif Governorate, after the Supreme Court officials asked their counterparts in the Grand Court in the governorate to provide them with all information about the plan, where the “Economic” colleague learned from an informed source, that the Supreme Court in ... Read more

«The Knowledge-Based Economy and its Role in National Development» conference kicks off April 24

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Reading time: < 1 MinuteRiyadh - Amlak The conference “The Knowledge-Based Economy and its Role in National Development” 2014, organized by the Ministry of Foreign Affairs in cooperation with the Ministry of Economy and Planning and the United Nations Development Program, will be held on 24/6/1435H corresponding to 24/4/2014, at the King Faisal Conference Hall in the Riyadh Intercontinental Hotel under the patronage of His Royal Highness Prince Saud Al-Faisal, Minister of Foreign ... Read more

The Housing Forum discusses a number of housing and urban development issues, most notably partnership with real estate developers

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Reading time: < 1 MinuteRiyadh-Amlak The third session of the Housing Forum in the Kingdom, the annual forum that coincides with the launch of the annual sessions of the Riyadh Real Estate, Housing and Urban Development Exhibition, which will be held this year from 27 to 30 April 2014 at the Riyadh International Convention and Exhibition Center, will be held on Tuesday, 22 Jumada Al-Thani at the King Fahd Cultural ... Read more

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