Month: April 2014

Housing plans to hand over housing units to beneficiaries within seven months

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Reading time: < 1 MinuteRiyadh—Amlak: The Ministry has announced its intention to hand over housing units to eligible citizens seven months after they submit their applications through the ”Iskan” online portal, This applies to applicants who meet the housing support program’s eligibility requirements and priority criteria, subject to the readiness and availability of sufficient housing units within the specified timeframe. The Ministry stated that it will hand over the housing units to eligible recipients in batches, with the first group receiving… Read more

More than 282 billion riyals, the volume of trade exchange between the Kingdom and the United States

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Reading time: 2 MinutesAmlak-Follow-ups: The volume of trade between the Kingdom of Saudi Arabia and the United States of America in 2013 amounted to 282,285 million riyals, compared to 287,109 million riyals, representing a slight decrease from 2012, which saw the highest-ever trade volume between the two friendly nations. The General Authority for Statistics and Information explained in a recent report issued on the occasion of U.S. President Barack Obama’s visit to the Kingdom … Read more

Justice sets requirements to prove ownership of real estate and land

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Reading time: 2 MinutesProperty - Updates: In an effort to ensure justice, the Ministry of Justice has stipulated that 13 government agencies must approve land title applications before they can be finalized, while it has prohibited the approval of title deeds for land within the Holy Sites and has even barred the acquisition of copies of title deeds for land within the Holy Sites except with the approval of the Supreme Court. A lawyer commented on the new system, stating that it has eliminated the statute of limitations, so it has become… Read more

6599 productive factories in the Kingdom during the first quarter of this year

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Reading time: < 1 MinuteAmlak-Follow-ups: The Ministry of Commerce and Industry revealed that the number of operating factories at the end of the first quarter of the current year, 1435 AH, stood at 6,599, with total funding exceeding 948.3 billion riyals, while the number of workers in these factories reached 862,717. In a recent statistical report published on its website, the Ministry of Commerce and Industry clarified that the Riyadh region topped the list of regions with the highest number of operating factories in … Read more

Riyadh to host the 7th International Iron and Steel Exhibition on April 7

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Reading time: < 1 MinuteRiyadh—Amlak will host the 7th International Exhibition for Iron and Metal Industries in Riyadh from April 7–10, corresponding to 7 Jumada al-Akhira of this year. The exhibition is considered the largest of its kind in the Gulf Cooperation Council (GCC) countries, under the patronage of Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry. Commenting on the exhibition, Engineer Osama Al-Kurdi, Chairman of the Board of Directors of Ilaqat Exhibitions and Conferences, the organizer … Read more

Dr.. Al-Suwailem: SMEs are the backbone of the economy in many countries of the world

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Reading time: 2 MinutesRiyadh—Amlak: Dr. Tawfiq bin Abdulaziz Al-Suwailem, Director of Dar Al-Khaleej for Economic Research and Consulting, confirmed that small and medium-sized enterprises (SMEs) are the backbone of the economy in many countries around the world because they account for approximately 90% of economic establishments and employ between 50% and 60% of the global workforce, noting that bureaucracy and red tape are the biggest obstacles to the progress of these enterprises. … Read more

Saudi women spend $2 billion a year in the beauty industry

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Reading time: < 1 MinuteRiyadh—Amlak: From April 8 to 10, 2014, the Saudi capital, Riyadh, will host the International Fashion and Beauty Exhibition and the ”Arab Women’s Charm Exhibition,” with the participation of local, regional, and international fashion, beauty, and women’s care brands. Organized by Al-Manasa, the event is considered the ideal platform for showcasing products and services tailored to the target audience in the fashion and beauty sectors, as it highlights … Read more

Bank Al Jazira's capital increased to 4 billion riyals

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Reading time: < 1 MinuteRiyadh-Amlak: Amlak International for Real Estate Development and Financing has announced, as part of its financing services designed to serve the corporate and commercial finance sectors, the launch of innovative financing solutions to provide the necessary support to its clients seeking to invest in, develop, orpurchase shopping centers and commercial complexes, in accordance with integrated financing programs that comply with the provisions of Islamic Sharia. Abdullah bin Turki Al-Sudairi, CEO of Amlak, confirmed … Read more

Dr.. Al-Suwailem: Malaysia and India are two examples of successful Asian experiences

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Reading time: 2 MinutesRiyadh—Talib D. Tawfiq bin Abdulaziz Al-Suwailem, a businessman and director of Dar Al-Khaleej for Economic Research and Consulting, emphasized the need to draw on the successful Asian experience in Asian countries, noting that current economic development in those countries is centered on all aspects of life, which has enabled them to achieve this advanced boom and sustainable development in the fields of industry, information technology, telecommunications, and infrastructure, … Read more

Architectural Design and Decoration Exhibition kicks off in Riyadh on April 8

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Reading time: < 1 MinuteRiyadh—Amlak will host the Architectural Design and Interior Decor Exhibition in Riyadh from April 8–10, 2014, at the Four Seasons Hotel. The exhibition will showcase the latest developments in all fields of architecture and interior design, as well as showcasing the most prominent examples in these fields, with the participation of numerous entities representing the government, academic, and private sectors, in addition to major national architecture and interior design firms and institutions… Read more

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