Month: April 2015

“Real Estate Fund” approves 2.5 billion riyals to lend to more than 5 thousand beneficiaries

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Real Estate Development Fund

Reading time: < 1 MinuteThe Real Estate Development Fund has called on beneficiaries of the third tranche of loans approved in the budget for fiscal year 1436/1437 AH to visit the Fund and take advantage of their loans, which total 2.5 billion riyals and are allocated to more than 5,000 citizens. These loans were approved by Dr. Essam bin Saad bin Saeed, Acting Minister of Housing and Chairman of the Fund’s Board of Directors. Engineer Yusuf bin Abdullah Al-Zaghibi noted … Read more

The Jeddah Municipality Approves 9,331 Plots of Land for Granting to Al-Samia in the Second Phase

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Reading time: < 1 MinuteThe Jeddah Provincial Secretariat has approved 9,331 plots of land for royal grants as part of the second phase in northern Jeddah, which will be distributed based on application priority and a public lottery starting next Sunday, June 23,through July 17, 1436 AH. The Secretariat had distributed 3,700 plots of land last month as part of the first phase of royal grants to citizens, bringing the total for both phases to 13,031 plots.

Riyadh Chamber: Implementation of the 2,400-riyal compensation decision supports the construction sector

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Reading time: < 1 MinuteThe Chairman of the Riyadh Chamber of Commerce praised the government’s commitment to compensating businesses that had entered into contracts with it prior to January 1, 1434 AH, in exchange for the decision to impose a 2,400-riyal fee on labor, noting that the committee formed by a Cabinet decision had completed drafting the principles, regulations, and mechanisms for their implementation by the Human Resources Development Fund (Hadaf). Dr. Abdulrahman Al-Zamil emphasized that this mechanism … Read more

“Al-Balad Al-Amin discusses real estate valuation during a workshop in Makkah

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Reading time: < 1 MinuteAl-Balad Al-Amin Company for Development and Urban Planning, in collaboration with the Saudi Authority for Certified Appraisers, organized a workshop titled “Real Estate Appraisal: Reality and Aspirations,” aimed at providing a historical overview of the appraisal industry, as well as the fundamentals, standards, and mechanisms of the appraisal process. It also compared appraisal practices followed globally and locally with those currently in use in Makkah. The workshop saw a notable turnout, including many… Read more

“Amlak Global is accepting applications at the Graduate and Career Ceremony

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Reading time: < 1 MinuteAmlak International Real Estate Finance Company has revealed its goals and priorities for providing jobs in a work environment suited to Saudi talent across various departments within the company, and for continuously working to increase the Saudization of jobs in fulfillment of the company’s national duty. As part of its ongoing efforts to localize jobs and attract young Saudi talent, the company participated in a graduation ceremony… Read more

Custodian of the Two Holy Mosques lays the foundation stone of Samhan Heritage Hotel in Diriyah  

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz—may God protect and preserve him—laid the cornerstone of the Samhan Heritage Hotel while presiding over—may God support him—the opening ceremony of the Al-Bajiri neighborhood in Historic Dir’iya last Thursday (20 Jumada al-Akhira 1436 AH), which is the first of a series of projects by the Saudi Heritage Hotels and Hospitality Company, recently launched by the General Authority for Tourism and Antiquities in partnership with the Public Investment Fund… Read more

Ministry of Housing launches “Housing Development 2” project for private sector companies”

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Reading time: < 1 MinuteThe Ministry of Housing has reaffirmed its commitment to partnering with the private sector by launching the “Housing Development 2” partnership project to build 14,500 residential apartments in Madinah, Jeddah, Dammam, and Qatif, Thirteen real estate developers have been prequalified for this project. The Ministry has allocated the land to the relevant companies, and the designs submitted by the developers are currently being approved, after which they will begin marketing … Read more

Three new five-star hotels to bridge the accommodation gap in Taif

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Reading time: < 1 MinuteGiven the tourism and economic growth that Taif Province is experiencing on a pan-Arab scale, investors plan to build three new, high-end five-star hotels in the province. These new hotel projects are expected to bolster the province’s lodging sector, which is currently facing demand that exceeds existing supply—a sign that it has become a major tourist destination both within the Kingdom and abroad. … Read more

“Tourism and Antiquities” continues emptying and deeds for the lands of Al Aqeer Tourism Company

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Reading time: < 1 MinuteThe relevant authorities at the General Authority for Tourism and Antiquities are continuing to finalize all procedures related to the transfer and title deeds for state-owned land to the Al-Aqeer Tourism Development Company, a joint public-private venture. Abdullah Al-Nashwan, Secretary-General of the Al-Ahsa Chamber of Commerce and a member of the Tourism Marketing Committee at the Al-Ahsa Tourism Development Council, explained that the Al-Ahsa Chamber of Commerce plans to host the Deputy … over the next two weeks. Read more

Makkah Chamber adds a new landmark to the entrance of the holy capital

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Reading time: 2 MinutesMecca: Mustafa Ahmed Al-Hakami — The Chamber of Commerce and Industry has begun practical steps to construct the new building adjacent to the Chamber, a project that was presented to Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of the Mecca Region, during his recent meeting with the president and members of the Mecca Chamber. According to Chamber Board Member Ahmed Abdulaziz Sindi, the project—designed for exhibition activities—includes administrative offices and occupies an area of … Read more

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