Month: June 2015

«Basma» Briefed the Chairman of the Housing Council on Its Activities

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Reading time: < 1 MinuteDr. Jabran Al-Qahtani, Vice Chairman of the Housing Council and member of the Shura Council, was briefed on the operations and activities of Basma Real Estate Company during a meeting with company executives. He listened to a detailed explanation of the company’s active role in the real estate market, particularly in the residential sector. The company’s General Manager, Khalid Al-Mubayyad, announced that Basma is now looking to expand its operations to cover all cities in the Kingdom; … Read more

”Zoud Real Estate” to Launch Its Projects Next Shawwal

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Reading time: < 1 MinuteZood Real Estate announced the upcoming launch of its marketing campaign for a number of luxury residential projects and villas in several neighborhoods of Riyadh, The projects the company plans to market are characterized by their vitality and strategic location, which meet market demand and satisfy citizens« aspirations. Commenting on the company’s projects, Mohammed Al-Saab said, “Praise be to God, the company has begun its operations in the market with confidence, thanks to the extensive experience it possesses…” Read more

Amber Al-Sharqiyah Opens the National Institute for Industrial Training in Al-Ahsa

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Reading time: < 1 MinuteHis Royal Highness Prince Saud bin Nayef, Governor of the Eastern Province, recently inaugurated the National Institute for Industrial Training in Al-Ahsa, and witnessed the signing of a joint memorandum of understanding to establish a training council for the energy sector, the result of a collaborative effort between Saudi Aramco, the General Organization for Technical and Vocational Training, and six of the Kingdom’s leading energy companies. Representatives of the partners signed the memorandum of understanding to mark … Read more

Saudi Arabia's construction sector grows, steel prices fall

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Reading time: < 1 MinuteThe latest economic report issued by the Ministry of Economy and Planning indicated that the construction sector continues to be one of the fastest-growing sectors in the economy, with a growth rate of approximately 6.74 % in 2014, This is due to continued government investment spending on large-scale infrastructure projects. The annual report noted that despite an increase in the value of … Read more

Riyadh Economic Forum discusses the Kingdom's economic and investment ecosystem

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Reading time: < 1 MinuteThe committees of the Riyadh Economic Forum discussed «the development of the judicial system, its strengths, areas for improvement and incentives, and its impact on the national economy,»  as part of the preparations for the Forum’s seventh session, which will be held from December 8–11, 2015, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz—may God protect him—and with the participation of a distinguished group of economic experts… Read more

3 Record-Breaking Residential Deals in the Eastern Province

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Reading time: < 1 MinuteAccording to the latest reports on the real estate market in the Eastern Province, the price per square meter of land in the Eastern Province has fluctuated since the beginning of the current month of Sha’ban, with the average price per square meter of residential land in the Eastern Province falling by 40% by the end of the first half of the current month of Sha’ban,compared to the index recorded on the first day of … Read more

Kuwait Hosts the 15th Gulf Industrialists Conference

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Reading time: < 1 MinuteKuwait is preparing to host the 15th Gulf Industrialists Conference this coming November, which aims to attract foreign investment and improve the investment climate in the Gulf Cooperation Council (GCC) countries. “For its part,Mohammed Fahad Al-Ajmi, Acting Director General of the Kuwaiti Public Authority for Industry, said: “The conference will be held on November 25 and 26 under the theme ‘Foreign Direct Investment and Its Impact…’” Read more

300,000 citizens benefit from the accelerated loan and 6,000 minimum beneficiaries

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Reading time: < 1 MinuteThe Accelerated Loan Program covers all citizens and employees across various government and private sectors who earn a minimum salary of up to 6,000 riyals, with the waiting list for the Accelerated Loan Program expected to reach 200,000 within just 10 years. This was revealed by the Director General of the Real Estate Development Fund, Engineer Yusuf bin Abdullah Al-Zaghibi, who noted that the launch of the loan program… Read more

More than 180,000 business registrations issued this year

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Reading time: < 1 MinuteAn official at the Ministry of Commerce and Industry revealed that the ministry has issued more than 180,000 electronic business registrations this year, compared to 145,000 last year, The ministry receives about 2,000 applications for trademark registration daily, and the time required to register a trademark has been reduced from months to approximately two days. Dr. Tarek explained … Read more

Housing cooperatives are a necessity. !!! Abdulaziz Al-Issa

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Reading time: < 1 MinuteEnsuring access to adequate housing has become an issue on which all parties are working to complement each other’s efforts—from the Ministry of Housing, through the Real Estate Fund, to real estate development companies. These entities serve as the links in a chain that must be connected to one another . Here, we can introduce an important player in the housing system: cooperative housing associations, due to their effectiveness, economic efficiency, and ability to achieve … Read more

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