Month: March 2015

 ”Tourism” completes readiness for 20 festivals and events during the second semester vacation

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Reading time: < 1 MinuteThe General Authority for Tourism and Antiquities, along with its regional partners, has completed preparations to host 20 diverse festivals and tourism events taking place across the Kingdom during the mid-second-semester break of 1436 AH, which begins at the end of this week. These from social, heritage, sports, entertainment, and cultural events, as well as activities suitable for all segments of society. The Eastern Province will host five diverse festivals, including: the Coastal Festival … Read more

Ministry of Agriculture expresses willingness to cooperate with Housing by handing over withdrawn land

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Reading time: < 1 Minute The Ministry of Agriculture affirmed its readiness to cooperate with the Ministry of Housing to resolve the housing problem by transferring any land under the Ministry’s supervision—whether land confiscated from individuals or companies that has not yet been disposed of—to the Ministry of Housing, provided it is suitable for housing. The Assistant Undersecretary of the Ministry of Agriculture for Land Affairs, Engineer Saleh Al-Lahidan, expressed the Ministry of Agriculture’s readiness to do the same … Read more

Ministry of Housing receives more than 500,000 pieces of grant schemes

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Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs has handed over to the Ministry of Housing all approved municipal land grant plans that had not yet been distributed to citizens, comprising 312,000 residential plots in various cities and regions. In a report, the ministry explained that it had instructed municipal secretariats to coordinate with representatives of the Ministry of Housing to hand over the plans, in accordance with a circular issued early last year. The ministry also directed municipalities to hand over the remaining … Read more

The National Real Estate Committee calls for a «real estate authority» to serve the sector and solve its issues

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Reading time: < 1 MinuteA meeting of the National Real Estate Committee of the Council of Chambers affirmed the need to establish a ”Real Estate Authority” that would serve as a reference body for the real estate sector, addressing the many obstacles that limit the expansion of real estate activity. The meeting was attended by the chair and members of the National Real Estate Committee of the Council of Chambers. Hamad Al-Shuwayer, chair of the National Real Estate Committee of the Council of Chambers, and committee members from various regions of the Kingdom, as well as the chair of … Read more

“Al-Khodari signs contracts for educational and health facilities worth more than 348 million riyals

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Reading time: < 1 MinuteAbdullah Abdulmohsen Al-Khadri Sons Company has completed the necessary arrangements to sign its contract with the Ministry of Higher Education (Taibah University) to carry out the second phase of the project to construct the Support Deans’ Offices building for a period of 15 months from the date of taking possession of the construction site, at a value of 34.9 million riyals.This is based on a copy of the contract received at the company’s headquarters, noting that the financial impact of this project has already begun… Read more

”Al Yahya Tourism launches direct flights to Turkey's Trabzon

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Reading time: < 1 MinuteBuilding on its previous experience, Al-Yahya Tourism announced the launch of direct Al-Ajaji flights from Riyadh to Trabzon, a tourist city in northern Turkey that is considered the main summer resort for Turks. Last year, the company operated a private flight from Riyadh to Trabzon, which has become a popular destination for Gulf nationals and Saudis—a move that helped revitalize the real estate market there, particularly after … Read more

”Asir Committees” stop encroachments on one million meters of government land

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Reading time: < 1 MinuteSub-committees tasked with halting encroachments on government land in the governorates and districts of the Asir region have succeeded in stopping encroachments on more than one million square meters of land that had been encroached upon and seized over the past two years. The 20 committees formed to reclaim government land from encroachments by citizens and juveniles—such as the construction of sheds or rooms and the conversion of such land into rest areas—are working to… Read more

A billion riyals worth of endowments allocated in Sharqiya. Al-Qahtani: 500 billion riyals is the size of endowments in the Kingdom

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Reading time: < 1 Minute  Dr. Ayed bin Farhan Al-Qahtani, Chairman of the Board of Directors of Sumo Holding and Chairman of the Endowments Committee at the Eastern Province Chamber of Commerce, revealed that “The value of endowments in the Kingdom is estimated at more than 500 billion riyals,” noting that “since its establishment, the Endowments Committee at the Eastern Province Chamber of Commerce has been working to develop and grow this sector and activate its activities to serve the public good.” Al-Qahtani announced the allocation of endowments—to God … Read more

“Saudi Monetary Authority” : Mortgage loans for individuals reach 94.2 billion by the end of 2014

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Reading time: < 1 Minute“Saudi Arabian Monetary Authority”: Mortgage Loans to Individuals Reach 94.2 billion by the end of 2014. The Saudi Arabian Monetary Authority’s quarterly bulletin revealed that mortgage loans granted by commercial banks in Saudi Arabia to individuals during 2014 rose to approximately 94.2 billion riyals, representing a 34% increase compared to the previous year … Read more

“Housing” recommends the establishment of an independent company that will be an arm of the ministry in its strategy

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Reading time: < 1 MinuteIn line with the momentum that has swept through circles concerned with the need to involve the private sector in providing housing units to meet the needs of eligible individuals, sources reported that the strategy presented by the Ministry of Housing to the Shura Council includes the establishment of an independent company that would serve as an arm of the Ministry of Housing, working to provide housing units on a not-for-profit basis, in addition to a recommendation to impose fees on undeveloped land. The development process represents … Read more

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