Month: April 2015

Showcasing the “Al Fursan” Development Project at ”Cityscape Abu Dhabi“ 2015

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Reading time: < 1 MinuteAl Fursan Real Estate has unveiled its development project, Al Fursan Village, which it is showcasing at Cityscape Abu Dhabi 2015, kicking off today, Tuesday, April 21. It is the first project of its kind in Abu Dhabi and features a number of wellness and sports amenities, Al Fursan Village features a collection of luxurious villas and apartments adjacent to the Al Fursan International Sports Resort, forming… Read more

Domain Real Estate Company honors a number of its employees with the “Outstanding” and ”Exemplary” employee award”

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Reading time: < 1 MinuteNitaq Real Estate honored the employees who won the “Outstanding Employee” Award in its second edition last Sunday, at a ceremony held specifically for this occasion. This year’s award went to employees Abdulmohsen Al-Adib and Mohammed Abdulmajeed. At the beginning of the ceremony, the General Supervisor of the Main Branch, Asim Al-Qashami, congratulated the award-winning employees and noted that such recognition plays a role … Read more

”The Ministry of Housing Approves 9,000 Residential Villas in Three Regions

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Reading time: < 1 MinuteThe Saudi Ministry of Housing has released the final figures for the allocation phases of the residential villa project, which includes more than 9,000 villas in three regions of the Kingdom that are facing a housing crisis. Media sources detailed the regions and provinces where the villas are distributed: ”The Al-Qunfudhah Province project, comprising 593 residential villas; the Al-Shannan project, comprising 1,084 villas; and the … Read more

“Dur Hospitality signs agreement with Al Ahli to acquire half of Riyadh Palace Hotel

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Reading time: < 1 Minute Dour Hospitality acquired all of its shares in the capital of Saudi Hotel Services Company Limited—700 shares with a total value of 10.5 million riyals—which were paid in full through the company’s own funds, following an agreement signed with Al-Ahli Bank. As a result, Dor Hospitality now owns half of the Saudi Hotel Services Company’s capital, which totals 70 million riyals. … Read more

“Al-Qassim Housing” Urges Project Officials to Deliver on Schedule

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Reading time: < 1 MinuteThe Director General of the Ministry of Housing’s branch in the Al-Qassim region, Eng. Muhammad Al-Suwail, called on those responsible for implementing the Ministry’s housing projects to expedite their completion within the designated timeframes so that the projects’ objectives can be achieved and the homes can be delivered to eligible citizens by the previously set deadlines. The projects include housing buildings in Unaizah Governorate (340 housing units), the infrastructure project for housing in Unaizah Governorate (707 plots and housing units), and the housing buildings project in … Read more

Ministry of Housing launches more than 13,689 housing products in 30 cities and locations

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Reading time: < 1 Minute The Ministry of Housing has begun offering 13,689 new housing units to citizens eligible for housing assistance. The units include ready-to-move-in housing units and developed land plots, distributed across 30 cities and locations. The Ministry has sent notifications to citizens so they can learn the details. Sources indicate that the total number of housing units amounts to 16,000, including those currently being distributed in Riyadh, … Read more

Mobily continues to lose SAR 199 million in the first three months

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Reading time: < 1 MinuteEtihad Telecommunications Company («Mobily») continued to post losses that began in the fourth quarter of last year, and posted a loss of 199 million riyals (0.26 riyals per share) in the first quarter of this year, compared to a profit of 1,612 million riyals during the same period in 2014. According to the source, the company attributed the losses recorded during the current quarter to … Read more

More than 5,000 properties have been acquired for the public transportation project in Jeddah

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Reading time: < 1 Minute Awad Al-Dousi, vice chairman of the Valuation Committee at the Jeddah Chamber of Commerce, revealed that the value of compensation for properties expropriated for the construction of the Haramain Railway, the Sports City, and flood control projects exceeded 20 billion riyals. Al-Dousi noted that the project is nearing completion. Regarding the launch of the public transportation project to connect the northern and southern parts of Jeddah, Al-Dousi explained that more than 5 … Read more

“Industrial Development” finances 6 projects worth 3.2 billion riyals

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Reading time: < 1 MinuteAt its fourth meeting of the fiscal year 1436/1437 AH, chaired by the Minister of Commerce and Industry and Chairman of the Fund’s Board of Directors, Dr. Tawfiq bin Fawzan Al-Rabiah, the Board of Directors of the Saudi Industrial Development Fund approved: the provision of six industrial loans totaling 3.2 billion riyals to contribute to the establishment of six new industrial projects with total investments of approximately 11 billion riyals. The Director of … Read more

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