Month: May 2015

The Real Estate Fund approves 5839 new loans worth 2.9 billion riyals

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Real Estate Development Fund

Reading time: < 1 MinuteThe Real Estate Development Fund has approved the fourth tranche of loans authorized in the budget for fiscal year 1436/1437 AH, comprising 5,839 loans totaling two billion, nine hundred nineteen million, and five hundred thousand riyals for the construction of more than 7,000 housing units in the cities, provinces, and centers of the Kingdom covered by the Fund’s services, in accordance with the priority of application submission. It included all applicants to the Fund throughout the Kingdom … Read more

Qatif's Al-Basateen land worth 121 million riyals is emptied

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Reading time: < 1 Minute The General Court in Qatif Governorate has finalized the transfer of the “Al-Basateen” land, which covers an area of 500,000 square meters and comprises 350 plots, in favor of Al-Nooh Real Estate Company and the Sons of Hussein Hassan Al-Nimr, for 121 million riyals, making it the largest real estate deal of the year in Qatif. The landowners ensured the construction of public facilities such as schools, clinics, and parks distributed … Read more

The Saudi Energy Exhibition concludes its activities and praises the magnificent organization of Riyadh Exhibitions Company

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Reading time: < 1 MinuteThe Saudi Energy Exhibition concluded amid widespread praise for the meticulous organization by Riyadh Exhibitions Company Limited, which ensured that participating companies“ booths were well-spaced and that there was ample room for easy movement, This was in addition to the prompt support provided by the organizing company to participants and the fulfillment of their needs within the exhibition halls, which contributed to the success of the exhibition and the achievement of its objectives for the exhibitors, who expressed their complete satisfaction to ”Amlak Newspaper” regarding… Read more

at the Saudi Energy Show 2015. Amlak Real Estate's pavilion draws media attention

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Reading time: < 1 MinuteThe real estate newspaper Amlak sponsored and covered the Saudi Energy Exhibition 2015, and its booth became a magnet for visitors and exhibitors. Ajwaa Real Estate TV hosted Mr. Abdulaziz Al-Issa, the newspaper’s editor-in-chief, who spoke about the significance of the newspaper’s participation in the exhibition, noting the interest of businesspeople and major companies in energy and the investment opportunities it offers them. The newspaper’s team highlights the participation of various entities… Read more

“Makkah Oasis to auction 111 plots of land near the Makkah Mosque

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Reading time: < 1 MinuteWahat Makkah Development Company plans to offer 111 plots of land in the Wahat Makkah development for sale at auction. The development is strategically located 14 kilometers from the Holy Mosque, and is situated between several approved developments in Makkah, namely the Takhassusi, Al-Zaydi, and Umm Al-Joud developments, which comprise mixed-use land for residential, commercial, and service purposes. Engineer Abdulrahman Al-Khuraiji, Chairman of the Board of Directors, said … Read more

“Rakaz Real Estate sells 41 investment plots in Al Khobar worth SAR 302 million

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Reading time: < 1 MinuteRakaz Real Estate achieved the expected success at the auction for its «Downtown Rakaz» project in central Al-Khobar last Wednesday. In less than three hours, all lots offered (30 residential and 11 commercial lots) were sold, all of which were investment properties with a total value of approximately 302 million riyals. The total area of the plots is 106,000 square meters, and prices ranged from… Read more

Dr. Essam Saeed chairs the 79th session of the Arab Housing Ministers to agree on the integrated and sustainable development of urban communities

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Reading time: 2 MinutesActing Minister of Housing Dr. Essam Saeed chaired the meeting of the Executive Bureau of the Council of Arab Ministers of Housing and Urban Development at the Arab League during its 79th session, which was held over the past two days in Cairo, to discuss the draft Arab Strategy for Housing and Sustainable Urban Development and to strengthen opportunities for cooperation among Arab countries in the field of housing and urban development. During the sessions, Dr. Essam Saeed emphasized… Read more

 STC signs partnership agreement with Emirates Etisalat to connect networks

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Reading time: < 1 MinuteSaudi Telecom Company (STC) participated as a generous sponsor in the annual International Telecommunications Week (ITW) in Chicago, USA, which concludes today. On the sidelines of the meeting, Saudi Telecom signed a bilateral partnership agreement with Emirates Telecommunications Group for the interconnection of(MPLS) between the two companies, which will enable them to provide high-quality, efficient services to business customers in … Read more

Compensation for construction companies begins online registration tomorrow, Friday

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Reading time: < 1 MinuteThe Minister of Labor, Chairman of the Board of Directors of the Human Resources Development Fund (Hadaf), Dr. Mufarrij bin Saad Al-Haqbani, announced on Friday, corresponding to 26 Rajab 1436 AH, that the period for accepting compensation applications from establishments will begin, with registration available via the websitewww.hrdf.org.sa/crp.   To facilitate the process for contractors and establishments, noting that the registration process will continue for six months from that date. Dr. Al-Haqbani stated that … Read more

“Almoosa Group forms real estate investment fund with Global Saudi Arabia

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Reading time: < 1 MinuteThe Musa bin Abdulaziz Al-Mousa & Sons Group (Al-Mousa Group) has entered into an agreement with Saudi Global Investment House (Global Saudi) to jointly invest in income-generating real estate projects in several cities across the Kingdom by launching a real estate fund in the Saudi market, with Global Saudi managing the fund and the Musa bin Abdulaziz Al-Mousa & Sons Group serving as the fund’s developer. … Read more

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