Month: July 2015

Al Nahid Real Estate Company develops the largest residential and commercial scheme in Asir

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Reading time: < 1 MinuteAl-Nahidh Real Estate Company announced the development of the largest planned commercial and residential project on the Asir Coast waterfront in the region, in addition to the company’s work on several other projects. The company is constructing a number of commercial and industrial facilities, including an enclosed shopping mall and a complex of industrial workshops. For his part, Walid Abdullah Al-Nahid, the company’s CEO, noted that … Read more

Umm Al Quwain grants 54 properties to GCC and foreigners in Al Marsa Villas

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Reading time: < 1 MinuteThe Umm Al-Qaywayn Land and Property Department revealed that the value of real estate transactions in Umm Al-Qaywayn over the past four months totaled approximately 126 million dirhams, with a total of 191 sales of residential, industrial, and commercial land, with 102 transactions in the commercial residential sector, 29 in the private residential sector, and 60 in the industrial sector. Additionally, 83 … Read more

Mobily is the first in the region to offer 4G international data roaming services

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Reading time: < 1 Minute  Mobily has topped the list of telecommunications service providers in the region by offering the widest and best coverage for 4G “LTE” international data roaming services, with 100 operators worldwide, Mobily was committed to launching LTE roaming services supported by the best global networks, which provide subscribers with superior coverage while roaming at high speeds using the latest interconnection technologies … Read more

Taif Investment Company strengthens its participation in the Development Integration Center

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Reading time: < 1 Minute To strengthen the role of development integration between the public and private sectors, the Taif Investment and Tourism Company is preparing to enhance its cooperation with the Development Integration Center, which has already begun operations, to promote development in Taif, particularly in the tourism sector. This initiative aims to support the implementation of development projects that will bring about the desired progress in the “Capital of Arab Summer Resorts.” The company’s chairman and board members presented the most prominent tourism events that … Read more

“SABIC earns SAR 10.1 billion in the first six months of 2015

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Reading time: < 1 MinuteSABIC announced a cash dividend distribution to shareholders from the company’s capital at a rate of 25% (equivalent to 2.5 riyals per share) as dividends for the first half of 2015. The company’s profits reached 10.11 billion riyals at the end of the first half of 2015, representing a 22% decrease compared to the 12.90 billion riyals in profits achieved during the same period in 2014. It attributed … Read more

More than 197 million allocated for the asphalting of grant schemes in the Holy Capital

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Reading time: < 1 Minute  With a budget of more than 197 million riyals, the Holy City Municipality plans to pave the grant areas in Makkah as part of its new projects, which aim to develop these areas and provide them with various services. Osama Al-Bar, Secretary of the Holy Capital, said that the Secretariat has established a timeline for work priorities with the goal of completing the projects… Read more

“SAR: Trial operations of the Northern Railway to begin this summer

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Real estate development companies in Riyadh

Reading time: < 1 Minute”SAR” announced that it has begun trial operations of a passenger train on the railway line of the Northern Railway Project, following the company’s recent approval from the Railway Authority, which allows it to use this line for testing, after having recently completed all inspections of the train to ensure the efficiency of all its mechanical and electrical systems. The company has set aside … Read more

U.S. existing home sales near 8-year high

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Reading time: < 1 MinuteExisting-home sales in the United States rose to their highest level in about eight and a half years last June, signaling underlying demand that is expected to support the recovery of the housing market and the economy as a whole. The National Association of Realtors said last Wednesday that existing-home sales rose 3.2% to an annualized rate of 5.49 million units, reaching … Read more

Majid Al-Haqil: “Citizens are the foundation of the Ministry of Housing… and their feedback drives our development.”

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Reading time: < 1 MinuteHis Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, urged all employees to continue working diligently to achieve an ambitious housing vision that contributes to the advancement and development of this sector and serves the nation and its citizens through various programs and plans covering all regions of the Kingdom and aimed at providing suitable housing for all citizens. This came during the Eid celebration held by the Ministry of Housing last Wednesday … Read more

Housing Minister optimistic about the role of the Real Estate Development Fund in the next phase

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Reading time: < 1 MinuteDuring his visit to the management and staff of the Real Estate Development Fund, His Excellency the Minister of Housing and Chairman of the Fund’s Board of Directors, Mr. Majid bin Abdullah Al-Hogail, emphasized the importance of the Fund’s role in housing development in the Kingdom and praised the Fund’s achievements over the years. His Excellency the Minister expressed his pleasure at visiting this important facility, which has contributed to the progress of construction, development, and urbanization that … Read more

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