Month: July 2015

Ministry of Justice Real Estate Index: The value of real estate transactions until Shaaban 278 billion riyals

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Reading time: < 1 Minute The value of real estate transactions that took place since the beginning of 1436 AH until the end of Shaaban amounted to 278 billion riyals, according to data received from the Ministry of Justice, a decrease of 14 percent compared to the same period last year, as real estate transactions were distributed between residential and commercial. The value of residential transactions amounted to about 186.1 billion riyals by ... Read more

Dubai launches the world's first 3D printed office building

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Reading time: 2 Minutes  Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the National Innovation Committee, confirmed Dubai's intention to launch the first office building project to be fully printed with 3D printing technology in the world, in an ambitious move to optimize the use of technology in the fields of architecture, construction and design, which contributes to reducing the costs of construction projects and optimal use of time. Al Gergawi said that ... Read more

A study to establish the Qassim Municipality for Urban Development and Development to address urban development issues

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Municipality of Qassim

Reading time: < 1 MinuteA workshop held recently at the Qassim Chamber of Commerce and Industry in the Qassim region has gone a long way in studying the project of establishing the Qassim Municipality Company for Development and Urban Development, in order to create an integrated and balanced development renaissance that includes all sectors and works to modernize the infrastructure of the region, especially in the center of Buraydah. Read more

90% engineering offices in Al-Ahsa comply with thermal insulation regulations

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Thermal insulation

Reading time: < 1 Minute  The percentage of engineering offices cooperating and complying with the controls of thermal insulation of buildings in Al-Ahsa'a has reached about 90%. The Secretary of Al-Ahsa'a, M. He added that the controls and standards of thermal insulation systems have been approved, which aim to promote the rationalization of energy consumption as a strategic national trend, based on the directives of the leadership ... Read more

«Arjaan celebrates its employees around the Ramadan table

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Reading time: < 1 Minute     Arjaan Projects Company - the company specialized in developing integrated residential neighborhoods - held its annual Iftar ceremony for its employees in its sixth session amid a spiritual and faithful atmosphere, at the Al Salam Gardens project in Riyadh, one of Arjaan's latest projects; in the presence of the CEO and Managing Director and all the company's employees. Mr. Iyad Abdulrahman Al-Benyan, CEO and Managing Director of Arjaan Projects Company, congratulated ... Read more

“Samba is crowned the best bank in the Kingdom for 2015 for the tenth time in a row

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Reading time: < 1 MinuteGlobal Finance Magazine awarded Samba Bank with the “Best Bank in Saudi Arabia“ award The award came as part of the magazine's list of awards dedicated to selecting the best banking institutions in global markets, renewing its confidence in the quality of the standards adopted by “Samba” in practicing its banking activity, giving it the ability to provide advanced levels of services and quality products ... Read more

 50 countries adopt AIIB law with $100 billion in capital

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Reading time: 2 Minutes  Dr. Ibrahim bin Abdulaziz Al-Assaf, Minister of Finance, headed the Saudi delegation to the Asian Infrastructure Investment Bank (AIIB) meetings in the presence of Engineer Yousef bin Ibrahim Al-Bassam, Vice President and Managing Director of the Saudi Fund for Development, and Dr. Sulaiman bin Mohammed Al-Turki, Undersecretary of Finance for International Financial Affairs. The meeting was attended by Dr. Yousef Al-Bassam, Vice President and Managing Director of the Saudi Development Fund, and Dr. Sulaiman bin Mohammed Al-Turki, Undersecretary of Finance for International Financial Affairs. Read more

Ministry of Justice confirms 345 real estate endowments, Buraydah endowments in the forefront

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Residential Real Estate - Request Inquiry - Ministry of Justice

Reading time: < 1 MinuteSaudi courts have stabilized about 345 real estate endowments suspended by their owners during the past eight months since the beginning of the current year 1436 AH. According to the Ministry of Justice, the General Court in Buraydah recorded 101 stabilization cases, accounting for 30% of the total property stabilized during the period, while the General Court in Taif recorded 56 endowments, accounting for 17%, and the third place was the General Court in ... Read more

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