Month: May 2015

”Trade” sells the land of Ras by auction at the end of next week

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Real estate contributions

Reading time: < 1 MinuteThe Ministry of Commerce and Industry, represented by the Real Estate Contributions Committee, announced the date of the “Al-Ras Land” auction in the Al-Qassim region, which will take place on Thursday, May 14, 2015. The land covers an area of 1.05 million square meters and is located halfway between Al-Ras and Riyadh Al-Khubara. The Real Estate Committee urged those wishing to participate in the auction to issue a check payable to the Real Estate Contributions Committee in the amount of 250,000 riyals as part … Read more

With the participation of more than 14 entities. Riyadh Chamber launches the Investment Opportunities Forum tomorrow

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Reading time: 2 MinutesHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, will patronize tomorrow afternoon, the 2015 Investment Opportunities Forum and Exhibition, organized by the Riyadh Chamber of Commerce in cooperation with the High Commission for the Development of Riyadh City, from 15–17 Rajab 1436 AH at the Riyadh International Convention and Exhibition Center, with the participation of a number of ministries, institutions, and agencies that will showcase numerous … Read more

International Conference on Building and Construction Technologies kicks off May 11

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Reading time: < 1 MinuteUnder the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, the Saudi International Conference on Building and Construction Technologies will take place from May 22 – 23 Rajab 1436 AH, corresponding to May 11–12, 2015, with the support of King Abdulaziz City for Science and Technology – Conference Hall. The conference aims to provide the public and private sectors with an opportunity to learn about the latest … Read more

Décor. Heritage in the home: beauty and pride

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Reading time: 3 MinutesBy Khaled Abdulwahab: This statement encapsulates many of the concepts that define the importance of a nation’s cultural heritage. And whoever looks back on their past and finds in it a rich store of tangible and concrete values will have a solid foundation for establishing their identity as a nation with a deep-rooted history grounded in significant historical facts. And no matter how much humanity has evolved in all aspects of life… Read more

The House of Umar Step by Step (18) - Prepared by Majid Almuhaimeed

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Reading time: 2 MinutesAfter the contractor finishes the carpentry work on the basement ceiling, and the electrician marks the electrical points according to the approved project plans, the rebar worker begins the rebar work. For the record, the discussion is still ongoing regarding the stages of constructing the basement ceiling in residential villas that have a basement. Work begins on the main reinforcement steel bridges, after which the rebar is delivered; it must be … Read more

Prince Sultan bin Mohammed bin Saud. A supporter of youth training and employment initiatives

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Reading time: 2 MinutesPrepared by Dr. Waddah Al-Said Today on *The World of Adults*, we are hosting one of the most prominent figures in the Kingdom’s financial and business world: Prince Sultan bin Mohammed bin Saud Al-Kabeer, one of the most renowned businessmen in the Kingdom of Saudi Arabia. He was born in 1954, He is Prince Sultan bin Mohammed bin Saud bin Abdulaziz bin Saud bin Faisal bin Turki bin … Read more

“The Real Estate Fund approves the application of the early home ownership program

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Reading time: 2 MinutesAt its recent regular meeting, chaired by Issam bin Saeed, Acting Minister of Housing and Chairman of the Fund’s Board of Directors, the Real Estate Development Fund approved a number of decisions, including the adoption of the implementing regulations for investment loans, and raising the default building age to 25 years for all eligible applicants for residential mortgage loans after verifying the building’s technical requirements. Additional units. The decisions approved by the Board included… Read more

Landowners evade fees by selling their plans inside cities

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Reading time: 2 MinutesThe slump in the local real estate market continues to persist in Saudi Arabia’s major cities, while «residential and commercial land plots» in specific areas have begun to see unprecedented activity! We are now seeing massive sales transactions—both in terms of value and size—with individual deals exceeding the total value of transactions in the entire real estate market. Notably, some of these are located in prime locations in … Read more

Stalled government projects across the Kingdom are valued at 100 billion riyals

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Reading time: 3 Minutes   Many government projects have been stalled for long periods of time; several government agencies have recently identified more than 4,000 stalled projects and identified the causes of delays in over 1,000 projects, most of which are funded by budget surpluses. Projects under the Ministry of Education are considered the most stalled, as the authority identified delays and stalled implementation in 894 projects; in the electricity and water sectors, there are 802 stalled projects and 391 projects … Read more

Saudi-Turkish conference showcases investment in housing and infrastructure

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Reading time: < 1 MinuteAttended by more than 300 Saudi and Turkish dignitaries, the Saudi-Turkish Conference and the accompanying Real Estate and Investment Development Exhibition were held in Istanbul, Turkey, with the participation of a high-level Saudi delegation headed by Dr. Abdulrahman Al-Zamil, Chairman of the Council of Saudi Chambers. where Engineer Khalid Bashwaier, Chairman of the Housing Committee at the Jeddah Chamber of Commerce, delivered a keynote speech at the Real Estate, Housing, and Development session, in which he called on businessmen … Read more

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