Month: May 2015

Fourth installment of the Real Estate Fund revives the real estate market in Makkah

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Reading time: < 1 MinuteThe fourth round of loans from the Real Estate Development Fund has contributed to the recovery of the real estate market and urban development in Makkah, following the injection of 137 million riyals into the accounts of 274 beneficiaries. Market activity is expected to increase as a result of the large real estate loans periodically disbursed by the Real Estate Development Fund, which will contribute to an increase in real estate units and, consequently, a rise in buying and selling activity in the sector… Read more

With the participation of 40 companies. Abha Real Estate and Financial Solutions Exhibition kicks off

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Reading time: < 1 MinuteWith the participation of 40 national companies from within and outside the Asir region, as well as a number of banks and financing companies. Yesterday, the Deputy Governor of the Asir Region, Sulaiman Al-Jrish, inaugurated the Abha Real Estate and Financing Solutions Exhibition, which is overseen by the Abha Chamber of Commerce and Industry and organized by Nabat International for Exhibitions and Conferences, in the presence of the Vice Chairman of the Board of Directors of the Abha Chamber, Engineer Saleh Hussein Qadah, and will continue for three days… Read more

Hyundai Saudi Arabia celebrates Sonata's 30th birthday

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Reading time: < 1 MinuteTo mark the 30th anniversary of the launch of the first Sonata model, Hyundai Saudi Arabia—represented by Al-Walan, Al-Nagi, and Al-Majdouie, the official distributors of Hyundai vehicles in the Kingdom—celebrated the evolution of the “Sonata,” which is one of the company’s best-selling models. The «Sonata,» which first appeared in Korea in 1985, has played a pivotal role in Hyundai’s growth and in enhancing the company’s reputation, especially … Read more

Khalid Al-Faisal sponsors a workshop on the Development Integration Program

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Reading time: < 1 MinuteThe first workshop of the Development Integration Program kicks off today at the Hilton Jeddah Hotel. The two-day event is held under the generous patronage of Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of the Makkah Region, with the participation of all government agencies as well as business leaders. The workshop aims to introduce the Development Integration Project, establish a mechanism to activate the public-private partnership, and engage the community … Read more

Saudi Airlines approves doubling its fleet to 200 airplanes

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Reading time: < 1 MinuteIn its future plans, Saudi Airlines aims to double its fleet size by 2020, bringing its operational capacity to 200 aircraft, in addition to increasing seat capacity and domestic flights, as well as expanding to new international destinations. Saudi Arabian Airlines CEO Saleh Al-Jasser emphasized that the airline’s strategic plan aims to double what has been achieved over the past 70 years of … Read more

«Invest in Saudi Arabia» exhibition kicks off today in Japan

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Reading time: < 1 MinuteThe «Invest in Saudi Arabia» event and exhibition, organized by the General Investment Authority in collaboration with a number of relevant entities, kicks off today in the Japanese capital, Tokyo. The exhibition is accompanied by a celebration marking the 60th anniversary of Saudi-Japanese relations. Since the launch of the exhibition in its first edition in Riyadh and up to its current stop in Tokyo, the “Invest in Saudi Arabia” exhibition has been one of the key events in the activities… Read more

Riyadh Regional Council approves plans to expand outside the urban area

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Reading time: < 1 MinuteAt its fourth session yesterday, the Riyadh Regional Council approved housing plans for certain villages that met the required conditions and criteria. The Council, which held its meeting under the chairmanship of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region and Chairman of the Council, discussed the scarcity of housing plans in some provinces. The meeting recommended the need to expand the urban scope of these provinces in need, as well as … Read more

Medina Investment Initiative offers 2200 investment units

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Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Salman bin Abdulaziz, Governor of the Madinah Region, reviewed yesterday evening the investment opportunities offered by the Investment Offering Initiative, its locations, and the job opportunities it creates for young men and women, as well as its approach to addressing development challenges in Madinah, such as finding alternative sites for workshops and worker housing outside the city to improve their quality of life and help enhance their performance … Read more

It includes more than a quarter of a million square meters ... Fouad Square auction in Dammam next Thursday

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Reading time: < 1 MinuteDammam will host the auction for the Fouad Square development this coming Thursday, May 21, 2015, Abdullah Fouad Holding Company and Yousif 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

The Saudi Investment Bank launches its new website

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Reading time: < 1 Minute The Saudi Investment Bank has launched its new website to keep pace with the era of online banking and provide customers with numerous benefits when conducting banking transactions online. The bank has introduced numerous features and improvements to its new website, which features an attractive, user-friendly design optimized for responsiveness and full support for smart devices. The new site also offers easy and advanced content management… Read more

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