Month: December 2014

Rainfall reveals poor preparations in the Kingdom's major cities

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Reading time: 4 MinutesRecent rainfall in several regions of the Kingdom, particularly the Western, Central, and Eastern regions,caused significant disruption on many streets in the Kingdom’s major cities over the past few days. The damage was not limited to flooding and environmental pollution; the fallout has led to demands for accountability and punishment of companies and contractors who have failed to complete sewage projects. A number of citizens emphasized that had it not been for the poor … Read more

First Saudi Maritime Conference concludes amid high international participation

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Reading time: 3 MinutesThe First Saudi Maritime Conference, organized by the General Authority for Ports, with the participation of nearly 300 speakers, attendees, scientists, and experts from the maritime sector representing more than 20 countries worldwide. The conference was opened by Minister of Transport Dr. Jabara bin Eid Al-Suraiseri. His Excellency the Minister of Transport said during his address to the conference, «The Customs Authority has established … Read more

SIAL Middle East 2014 Food and Beverage Exhibition concludes amidst great participation

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Reading time: 3 MinutesThe fifth edition of SIAL Middle East 2014, hosted by Abu Dhabi during the last week of November 2014, has concluded. The event was held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and saw broad participation from exhibiting companies specializing in the food products industry and related equipment and machinery from … Read more

International Real Estate and Investment Show IREIS 2014 is a huge success Abu Dhabi

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Reading time: 4 MinutesThe sixth edition of the International Real Estate and Investment Exhibition «IRIS 2014» concluded at the Abu Dhabi National Exhibition Center, with significant local, regional, and international participation, underscoring that the real estate sector in Abu Dhabi is making a strong comeback. The exhibition was inaugurated by His Excellency Ali Majid Al Mansouri, Chairman of the Department of Economic Development and member of the Executive Council of the Emirate of Abu Dhabi, who emphasized that the mega-projects being implemented by … Read more

”The Big 5 in Dubai” attracts a large number of regional and international participants

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Reading time: 3 MinutesThe events and activities of the “The Big Five,” held from November 18 to 20, 2014, at the Dubai World Trade Center, attracted significant local, regional, and international interest, with approximately 2,700 global companies from around 60 countries in attendance, an increase of 251% compared to 2013, as it is considered the largest exhibition for construction, building, and various industries of all kinds in the region and the world, … Read more

Qasr Al Saraya Furniture Company opens its largest showroom

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Reading time: < 1 MinuteTo further strengthen its role in the interior design and furniture sector, Qasr Al-Saraya Furniture recently opened its newest showroom in Riyadh on King Abdullah Road, amid a large turnout of furniture enthusiasts, led by the company’s Chairman, Mansour Abdullah Rashid Al-Obaid, who emphasized that this opening is part of the company’s plan to expand and reach customers in various locations… Read more

The Industrial Development Fund (IDF) has allocated SAR 116.1 billion in industrial loans to eight promising regions, as of the end of the third quarter of 1435/1436.

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Reading time: 2 MinutesThe Industrial Development Fund allocated 116.1 billion riyals in industrial loans to eight promising regions through the end of the third quarter of 1435/1436. According to an official source at the Fund, the eight regions received a total of 185 loans, distributed as follows: the Jazan region received 32 loans totaling 2.9 billion riyals, followed by the Hail region with 29 industrial loans totaling approximately 1.31 billion riyals, … Read more

“Housing Ministry denies buying land from real estate developers to avoid price hikes

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Reading time: < 1 MinuteAn official at the Ministry of Housing explained that the ministry acquires land designated for its projects through regional municipalities and a number of other government agencies, noting that the ministry does not resort to purchasing land for its projects because that would drive up land prices — according to him. The official at the Ministry of Housing added that the Ministry of Housing obtains … Read more

Ministry of Housing to announce allocation results and delivery date within days

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Reading time: < 1 MinuteThe Ministry of Housing announced that applicants who were not allocated housing during the first round of housing allocations will be automatically moved to the next round, Meanwhile, the Ministry confirmed via its official account that updates on the allocation results and the start date for delivery will be announced within days, following the conclusion of the product selection period during which the Ministry requested beneficiaries to… Read more

The first phase of a massive home-building project in Britain has been launched

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Reading time: < 1 MinuteGatehouse Bank, a subsidiary of Bayt Al-Awraq Securities, announced the launch of the first phase of a major residential project in several British cities, involving the construction of 927 homes at an estimated cost of 110 million pounds. Abdulaziz Al-Duwais, the bank’s head of investment, explained that the project, launched in partnership with the British company Sigma, meets the high demand for residential real estate … Read more

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