Month: May 2015

With 200 activities and events Riyadh Shopping and Entertainment Festival 17 Shaaban

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce and Industry has unveiled details of the 11th Riyadh Shopping and Entertainment Festival, which will kick off on the 17th of Sha'ban in collaboration with the Tourism Authority and the Riyadh Municipality. Dr. Mohammed Al-Katiri, Secretary General of the Chamber, emphasized that the festival is organized on national, economic, and social grounds, through which the Chamber aims to serve the residents of the capital and all its visitors, and to stimulate economic and tourism activity, … Read more

“Tourism” and ”Municipality” to develop city centers with 27 historic projects

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Reading time: 2 MinutesThe Ministry of Municipal and Rural Affairs, represented by municipal secretariats and municipalities, in partnership with the General Authority for Tourism and Antiquities, is working to rehabilitate and develop the downtown areas of several cities as part of the “Project for the Rehabilitation and Development of Downtown Areas in the Kingdom.” The program includes 27 projects, some of which have completed their rehabilitation and development phases, others are currently being implemented, and one has been put out to tender in preparation for completing its rehabilitation phases. The project is currently … Read more

Real estate investment opportunities and financing solutions are the highlights of the Abha Real Estate Exhibition

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Reading time: < 1 MinuteWith the participation of more than 40 national companies from within and outside the Asir region, as well as a number of banks and financing companies, the Abha Real Estate and Financing Solutions Exhibition continues its activities under the patronage of His Royal Highness Prince Faisal bin Khalid bin Abdulaziz and the supervision of the Chamber of Commerce and Industry inAbha, and organized by Nabat International for Exhibitions and Conferences and the National Center for Exhibitions and Conferences. The exhibition aims to identify available real estate opportunities … Read more

“Al-Tayyar” Promotes Desert Tourism Through an Agreement with Madakhil Camp

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Reading time: < 1 MinuteAs part of its efforts to promote domestic desert and eco-tourism within the Kingdom, Al-Tayyar Travel Group signed a cooperation agreement with the management of Madakhil Al-Ula Camp in Al-Ula Governorate. On this occasion, Ibrahim bin Nasser Al-Nasser, General Manager of Domestic Tourism at Al-Tayyar Group, said that the group’s tourism division is working to provide distinctive attractions and resorts for the group’s customers, which increases demand for … Read more

“Trade” offers the land of Al-Ras ”Al-Janaba” for direct sale  

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Reading time: < 1 MinuteThe Real Estate Contributions Committee at the Ministry of Commerce set Wednesday, 16/08/1436 AH, as the deadline for receiving bids to purchase undeveloped raw land from the Al-Ras (Al-Janbah), which the Ministry has put up for direct sale. The land covers an area of 1,046,125 square meters and is located midway between the provinces of Al-Ras and Riyadh Al-Khubar in the Al-Qassim region. .

“Real Estate Contributions” is holding three public auctions this month

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Real estate contributions

Reading time: < 1 Minute  The Ministry of Commerce, represented by the Real Estate Contributions Committee, announced that it will hold three public auctions this month to sell a number of properties belonging to distressed real estate contributions currently under review by the committee, in preparation for their liquidation and the restoration of rights to shareholders affected by the distress and the delay in liquidating those contributions, as the committee announced the public auction for the sale of the Al-Sharaf land in Abha and Hadn Al-Nashwan in Khamis Mushait in … Read more

Kingdom of Bahrain: Executive Regulations for the Real Estate Development and Practice Act Issued

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Reading time: < 1 MinuteThe competent authorities in Bahrain have issued implementing regulations for the Real Estate Development Law of the Kingdom of Bahrain, which include requirements for practicing the profession, such as obtaining a special license granted after proving full legal capacity, good standing, and no criminal convictions, and that they have not previously declared bankruptcy. The regulations also specify the amounts of payments due from the buyer in direct proportion to the project’s completion rate. The regulations stipulate the granting of … Read more

Dammam is hosting a public auction today for land in the Fouad Square development 

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Reading time: 2 MinutesDammam will host the auction for the Fouad Square development today, Thursday, May 21, 2015, Abdullah Fouad Holding Company and Youssef Mohammed Al-Dosari Real Estate Consulting Company have completed all preparations for the launch of the project, which is located on King Fahd Road, stretching 422 meters toward the airport, next to the new government complex and the Al-Ghoroub project, and across from the new Al-Rashid complex, covering an area of 264,000 square meters, … Read more

Ministry of Justice: Transaction value drops to 243 billion in the first seven months of this year

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Reading time: < 1 MinuteThe value of real estate transactions from the beginning of 1436 AH through the end of Rajab reached 243.6 billion riyals, a decrease of 15% compared to the same period last year. A report issued by the Ministry of Justice stated that the value of residential transactions in the first seven months of 1436 AH reached approximately 164.1 billion riyals, a decrease of 14% compared to the same period … Read more

Manifa machine begins digging tunnels for Riyadh train's blue track

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Reading time: < 1 MinuteTunneling operations for the Blue Line of the Riyadh Metro began this Wednesday afternoon using the Manbifa machine, in the presence of and with the official launch by His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh and Chairman of the High Commission for the Development of Riyadh, Chairman of the Committee Overseeing the Implementation of the King Abdulaziz Public Transport Project – Train and Buses. “Manifa” is the second machine to be launched… Read more

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