Month: June 2015

Riyadh in the lead. 84 billion riyals worth of real estate transactions executed during the second quarter

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Reading time: 2 MinutesThe total number of real estate transactions in Riyadh in the second quarter of the Hijri year 1436 AH (Rabi'II - Jumada I - Jumada II) amounted to 25 thousand real estate transactions (the highest number of transactions), carried out during this period by 31% of the total real estate market transactions, distributed as follows: 20.162 thousand land transactions, 926 apartments, 1670 shops, 863 agricultural land, 472 20.162 thousand land transactions, 926 apartments, 1670 shops, 863 agricultural land, 472 ... Read more

“SEDCO enters into an agreement to develop Gardenia Residence”

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Reading time: < 1 MinuteSEDCO Development Company (SEDCO), a subsidiary of SEDCO Holding Group, the master developer of Al Ahli SEDCO Housing Development Fund (ASDF), is planning to develop more than 370 residential units of various sizes within the Gardenia Residence project owned by ASDF in Jeddah, in agreement with Ghoneim International Contracting Company Ltd. The project implementation period is (19) months on ... Read more

Arabian Automotive Manufacturing Company produces first truck in Economic City

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Reading time: < 1 MinuteArabian Automotive & Truck Industries (AVI) will manufacture and produce the first assembled Volvo truck at its truck assembly plant located in the Industrial Valley in King Abdullah Economic City (KAEC). The KAEC plant was designed by a project management team from Volvo and Renault that includes engineers, managers, ... Read more

22 Russian investment projects in construction, mining and industry

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Investment

Reading time: < 1 MinuteOn the occasion of the Saudi-Russian Business Forum to be held in St. Petersburg, Russia, on Wednesday, a report published by the General Authority for Investment (GAFI) listed the number of Russian investment licenses for only 22 investment projects distributed in the sectors of construction and building, mining, iron and glass industry, administrative services, support and support activities, and the most prominent areas available to the Russian business sector to benefit from these opportunities. ... Read more

With the presence of 30 businessmen. The Council of Chambers participates in the Saudi-Russian Business Forum

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Reading time: < 1 MinuteThe Council of Saudi Chambers will participate with a delegation of 30 Saudi businessmen in the Saudi-Russian Business Forum organized by the Council in cooperation with the General Investment Authority and the Arab-Russian Business Council in St. Petersburg, Russia today, with the participation of Saudi and Russian governmental and private entities, to discuss aspects of cooperation in the fields of trade and investment. Dr. Abdulrahman Al-Zamil, President of the Council of Saudi Chambers ... Read more

“Social Insurance” implements 1282 housing units in Riyadh worth 1580 million riyals

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Reading time: < 1 MinuteThe General Organization for Social Insurance signed a contract with a national company to implement the Rimal residential project in Riyadh, which consists of 1282 housing units with a total value of approximately 1580 million riyals, with an implementation period of 850 days for the entire project. His Excellency the Governor of the General Organization for Social Insurance, Sulaiman bin Abdulrahman Al-Qwaiz, said in a statement today that the project comes as a confirmation of the ... Read more

The loan term is 10 years. The Real Estate Fund finances the owners of planned land for areas of 600 meters

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Reading time: < 1 MinuteThe Director General of the Real Estate Development Fund, Engineer Yousef bin Abdullah Al-Zughaibi, confirmed the Fund's intention to finance the owners of approved planned lands in the main targeted cities “Makkah, Riyadh, Jeddah, Dammam, and others”, according to specific conditions, the most important of which are: That the area of each of the residential plots in these plans does not exceed 600 m2, and is divisible into two pieces, and that the owner of the plan is committed to selling it ... Read more

The Real Estate Fund adjusts the loan disbursement for the building from 4 to 6 payments

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Real Estate Development Fund

Reading time: < 1 MinuteThe Real Estate Development Fund (REDF) is set to amend the number of loan disbursement payments for the under-construction building from 4 payments to 6 payments to solve the issue of citizens stumbling in the construction process, which was recently announced by the Fund as an initiative along with 14 other initiatives aimed at facilitating and facilitating citizens to own a home in fulfillment of the vision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. He emphasized ... Read more

Jeddah's traveling exhibition is on its last leg

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Reading time: < 1 MinuteIn continuation of the success of the first and second phases of the Jeddah Project Documentation Mobile Exhibition, the third and final phase of the Jeddah Project Documentation Mobile Exhibition kicked off yesterday, Sunday, at Aziz Mall in central Jeddah, and will continue until the third of Ramadan, the holy month of Ramadan. It is worth mentioning that the second phase of the exhibition witnessed the participation of 19 sectors from ... Read more

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