Lenders have responded to his call... “The Real Estate Fund”: Accelerated loans to be implemented before the end of the year

Real Estate Fund real estate

Reading time: < 1 MinuteThe director of the Real Estate Development Fund, Engineer Youssef Al-Zaghibi, estimated that the number of beneficiaries of the accelerated loan would range between 200,000 and 300,000 people, based on figures still under the Fund’s purview and on waiting lists. Al-Zaghibi set a deadline for implementation before the end of this year, explaining that financing entities submitted competitive bids for the accelerated loan to the committee at the beginning of this month… Read more

Tourism Authority organizes 855 events across the Kingdom in 4 years

Reading time: 2 MinutesThe General Authority for Tourism and National Heritage revealed in a recently released report that it has organized, sponsored, and supported approximately 855 events over the past four years, spread across various regions of the Kingdom. The number of events in 1433 AH was 139, 209 in 1434 AH, 247 in 1435 AH, and 260 in 1436 AH (through the month of Ramadan). … Read more

Saudi Engineers Organization creates a pool of experts to provide technical advice

Reading time: < 1 MinuteThe Saudi Council of Engineers plans to establish a committee of experts in all engineering disciplines to provide technical advice as needed, serving as a strong resource and direct support for all entities involved in engineering, both technically and professionally, contribute to raising the standards of the engineering profession and national engineers, and provide urgent technical advisory services to government and private entities. Dr. Jamil Al-Baqawi, Chairman of the Board of Directors of the Authority, explained the effort to embrace all … Read more

“Housing” commits its branches to the 100-day plan to find solutions for 306.6k housing products

Reading time: < 1 MinuteHis Excellency Majid Al-Hogail, Minister of Housing, has directed the directors of the Ministry of Housing’s branches in 13 administrative regions to implement a rapid action strategy, which he termed a 100-day action plan focused on delivering available housing units and continuously increasing their supply, as part of the field implementation plan for the «Iskan» program, with the aim of providing suitable housing for eligible families by offering housing support that is commensurate with … Read more

“Municipality and Rural Development” requires the classification of contractors and companies in the new mechanism to enter government tenders

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs has issued a new mechanism for classifying construction companies and engineering firms, which will take effect on 1/11/1436 AH with the aim of creating a sufficient pool of consultants to meet market needs and ensure fair competition in the construction and engineering consulting sector. The mechanism was prepared and approved by a committee comprising representatives from the Ministries of Municipal and Rural Affairs, Commerce and Industry, and the Saudi Council of Engineers. … Read more

The “Housing” Exhibition in Sharqia will offer 2,736 apartments in its second phase… next Wednesday

Reading time: < 1 MinuteDr. Shaher Al-Sahli, Director General of the Ministry of Housing’s Eastern Province Branch, confirmed that the Ministry has sent 4,536 letters to eligible applicants registered on the Ministry’s website who selected «apartment» as their housing option, 1,800 eligible applicants with whom contracts have already been signed will be selected, and 2,736 will be sent a new notification so they can visit the exhibition during its second phase, which is scheduled to begin next Wednesday at the Ministry’s branch building… Read more

“Municipal and Rural Affairs” adopts a new mechanism for numbering buildings and facilities

Reading time: < 1 MinuteYesterday, Sunday, the Ministry of Municipal and Rural Affairs adopted a new mechanism for numbering buildings and structures in cooperation with the General Organization of Post, and all municipal authorities across the Kingdom have been instructed to implement it. Hamad bin Saad Al-Omar, the ministry’s official spokesperson, confirmed that the new mechanism involves installing a standardized plaque bearing the building number, the name of the street on which it is located, and the building’s registered number and address with … Read more

Third Saudi Forum for Conferences and Exhibitions to be held in November in Dammam

Reading time: < 1 MinuteUnder the patronage of His Royal Highness Prince Sultan bin Salman bin Abdulaziz, President of the General Authority for Tourism and National Heritage and Chairman of the Supervisory Committee of the National Program for Exhibitions and Conferences, and His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province – Chairman of the Region’s Tourism Development Council, the Third Saudi Forum for Conferences and Exhibitions will be held from the 26th to the 28th … Read more

“Yanbu Industrial City outlines investment incentives for 40 leaders from U.S. companies

Reading time: < 1 MinuteEngineer Zidan bin Mohammed Omar Youssef, Director General of Strategic Planning and Investment Development at the Royal Commission for Yanbu, outlined the investment incentives in Yanbu Industrial City, and in his remarks to senior executives from American companies, he highlighted the competitive advantages of advanced infrastructure and the availability of raw materials, which have made Yanbu Industrial City one of the most important industrial cities in the Kingdom and the Middle East. He also … Read more

Riyadh's Emir's decision to form a team to develop the exhibition sector

Specialists and workers in the field of exhibitions and conferences praised the decision of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh and Chairman of the Tourism Development Council in the region, to form a task force to develop the sector in the Riyadh region. Engineer Tariq bin Abdulrahman Alissa expected a boom in the organization of exhibitions and conferences, and described the decision as a qualitative shift by allowing the private sector to lead the development of exhibitions and conferences in the region by chairing the Chamber of Commerce and Industry in Riyadh for the working group, noting that the decision comes complementing the directives and follow-ups of the Supervisory Committee of National Program for Exhibitions and Conferences headed by.

50% exhibitions to be hosted in Riyadh

Al-Issa pointed out the great assets that the region possesses that qualify it to be a major international destination for exhibitions and conferences, especially that more than (50%) of the exhibitions and conferences held in the Kingdom are hosted by Riyadh, listing the strengths that make Riyadh a major destination for this type of industry, including its geographical location and being the capital of the most economically powerful country in the Middle East, the presence of major departments of government agencies and private organizations, the availability of a high number of professionals working in government and private agencies, the presence of more than 65% professional, scientific and medical associations in Riyadh, as well as expansion projects at the airport in Riyadh.

Decision supports the National Exhibitions and Conferences Program

Hussein Al-Faraj, Chairman of the National Committee for Exhibitions and Conferences of the Council of Saudi Chambers, Member of the Supervisory Committee of the National Program for Exhibitions and Conferences, explained that the decision falls within the vision and achievements of the National Program for Exhibitions and Conferences, pointing out that it will have a great impact on the development and development of events in the Riyadh region in cooperation with all concerned parties as it is characterized by huge and highly attractive elements for local and international events of value, and extended his thanks to His Highness the Emir of Riyadh Region for this decision and to HRH Prince Sultan bin Salman for his efforts in serving all that is related to the field of conferences and exhibitions.

Marketing Riyadh as a tourist destination

For his part, Fahad bin Salem bin Noah, CEO of the Riyadh International Convention and Exhibition Center, said that the decision of His Highness the Emir of Riyadh Region, Chairman of the Tourism Development Council, supports the marketing of Riyadh as a tourist destination that enriches the sector to benefit the national economy and encourage it, noting the efforts of the Emirate of Riyadh Region to discuss the obstacles facing this sector and ways to address them and provide a number of distinguished services in this industry to the Kingdom and adopt generations and national cadres capable of increasing the employment of this industry for the benefit of the national economy.

Incentivizing investment in the exhibition sector

For his part, Ali Al-Othaim, a member of the Board of Directors of the Riyadh Chamber and Chairman of the Exhibitions Committee, stressed that the decision of His Highness the Emir of Riyadh will make a qualitative leap in the development of the industry and accelerate the infrastructure projects necessary to host international exhibitions and conferences in the Riyadh region, stimulate investment in the sector and its supporting services, and position Riyadh as a distinguished destination on the agenda of regional and international events, which undoubtedly accompanies the city's development efforts and the development projects it is witnessing to make the city an economic and tourism attraction center with all the elements of a modern urban capital.