Month: April 2015

With 350 local and international companies, the Saudi Food and Hospitality Exhibition is a huge success«

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Reading time: < 1 MinuteThe 20th edition of the Saudi Food, Hotel and Hospitality Exhibition 2015, held at the Jeddah Center for Forums and Events from April 13-16, was a great success with the participation of more than 350 local and international companies. The exhibition, which was inaugurated by the director of the Department of Agriculture in the Medina region, was attended by many countries besides Saudi Arabia, such as China, Cyprus, Morocco, ... Read more

Safnat Al Salam for Trade and Investment sponsors «Salman in their eyes» event»

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Reading time: < 1 MinuteSafnat Al Salam Trading and Investment Company sponsored the «Salman in their Eyes» event organized by the Association for Disabled Children and the Social Responsibility Club - King Saud University, last Tuesday, as part of the social responsibility that the company attaches great importance to. The company was honored at the event by His Excellency the Undersecretary of the Ministry of Social Affairs as a gold sponsor of the event through the «Sasec» factory, which ... Read more

Ministry of Housing. Steps forward to satisfy the thirst for a home of a lifetime

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Reading time: 2 MinutesIn continuation of the Ministry of Housing's ambitious plans to activate its partnership with the private sector and benefit from its resources and expertise in housing construction, the Ministry of Housing has invited real estate developers and investment companies that own completed or under-construction housing projects to apply to the Ministry of Housing to market them to citizens entitled to housing support, after being evaluated by specialists, and this is considered ... Read more

“Trade” adopts new regulations for the sale of off-plan real estate

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Off-plan sales

Reading time: < 1 MinuteThe Ministry of Commerce, represented by the off-plan sales program, has adopted new controls for real estate companies wishing to display foreign properties to be sold off-plan in exhibitions held inside the Kingdom. The controls stipulated that it is necessary to submit an application for a license and fill out the form prepared for this, accompanied by a copy of the exhibition rental contract, and a copy of the property documents to be displayed ... Read more

“Vieille Global launches smart real estate search engine

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Reading time: < 1 MinuteVeeye has recently launched a specialized real estate search engine that allows users and customers to discover opportunities, choose from available offers and compare them. The engine is characterized by the ability to search accurately and conveniently for the user. Veeye is expected to make a quantum leap in the field of real estate due to its smart and high-tech features that are designed ... Read more

Gulf Property Show features a real estate search engine on its website

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Reading time: 2 MinutesGulf Property Show 2015 will kick off on May 12 and run until May 14 under the patronage of His Royal Highness Prince Khalifa bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain. The show is strategically sponsored by Diyar Al Muharraq and Innovest, in addition to its media partnership with Amlak Real Estate Newspaper, the first newspaper specialized in real estate... Read more

International and regional participation boosts Cityscape Abu Dhabi 2015

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Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the ninth Cityscape Abu Dhabi will kick off on April 21 and continue until 23 of the same month, with the participation of more than 130 local and international companies showcasing their latest products, amid great anticipation locally and internationally due to the effective and fruitful economics of the exhibition in the real estate field and being the ideal place to make deals and investment understandings. .

The exhibition will be attended by nine Turkish companies that intend to enter the Arab market, including Fashion TV, Herland Brokerage, Al Abdali Investment and Development, Eagle Hills Real Estate, Aldar Properties, Tourism Development and Investment Company, Al Forsan, Al Qudra, Bloom Properties, Manazel, Mubadala, Reem Development, TMKN, and others.

Meanwhile, Fashion TV has announced that it is set to bring its modern touch to the region's real estate market at Cityscape Jeddah by launching real estate and hotel projects across the GCC as well as introducing the new Fashion TV City project.

’We came to Cityscape Abu Dhabi to meet with potential investors and developers interested in differentiating their projects and commissioning FashionTV to design and promote them,‘ said Louay Al Qadiri, FashionTV's property manager at Modern Construction Company, which is licensed to build FashionTV's properties, hotels and resorts: ‘We have come to Cityscape Abu Dhabi to meet potential investors and developers who are interested in differentiating their projects and commissioning FashionTV to design and promote them.“

“We are confident that Fashion TV City will be welcomed by government agencies who will understand the great opportunities this project brings to the region. The GCC has always been a patron of fashion in the local market and the concept of the city is to create a regional fashion hub and a global fashion capital.“

His Excellency Dr. Abdullah Gharib Al Balushi, Executive Director of the Land and Real Estate Sector at the Department of Municipal Affairs in Abu Dhabi, said: “Cityscape Abu Dhabi is one of the largest real estate exhibitions in the region and provides a platform for real estate developers, investors and other relevant authorities to showcase the latest projects that will shape the urbanization of the region in general and the Emirate of Abu Dhabi in particular.”.

”Othaim Tourism launches its first overseas theme park in Abu Dhabi

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Reading time: < 1 MinuteAs part of Al Othaim Tourism and Leisure Company's new direction to expand its investment projects outside the Kingdom and increase its investment base in the tourism and entertainment industry, it recently opened the 60,000-square-foot FabiLand theme park in Deerfield Town Square Abu Dhabi, UAE. Fahad Al Othaim, CEO of the company, said that the UAE provides an attractive climate for the entertainment industry and is characterized by a sophisticated infrastructure ... Read more

“Real Estate Fund” sets the dates for reviewing the beneficiaries of the third installment

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Reading time: < 1 MinuteHamoud Al-Osaimi, the official spokesperson of the Real Estate Development Fund (REDF) and Director General of the Public Relations Department, revealed the latest figures for the third installment of approved loans for the fiscal year 1436/1437 AH, which was approved by the Fund's Director General, Engineer Yousef bin Abdullah Al-Zughaibi, this week: The figures are as follows: Riyadh (174156) Al Majmaa (7012) Al Zulfi (8692) Al Dawadmi (10189) Wadi Al Dawasir (5010) Al Kharj Read more

«Arab National achieves first quarter profits of SAR 770.6 million

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Reading time: < 1 MinuteArab National Bank's net profit for the first quarter of this year increased to SAR 770.6 million, compared to SAR 712.9 million for the corresponding period of 2014, an increase of 8.1%, while total operating profit reached SAR 1,503.2 million compared to SAR 1,308.8 million for the corresponding period of the previous year, an increase of 14.9%. According to the announced data, the profitability of ... Read more

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