Month: August 2015

Al Ahli Bank provides SAR 2 million financing loans to enterprises through the “Kafalah Program”  

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Mortgage loan

Reading time: < 1 MinuteFawaz Khayyat, director of the Kafalah program at Al-Ahli Bank, explained during the Business Growth Forum recently hosted by the Makkah Chamber of Commerce and Industry that the bank has achieved a 20% share of the program’s capital and a 53% market share. The program is distinguished by offering financing for up to five years, amounting to two million riyals or more if the bank is convinced of the viability and impact of the proposed project. … Read more

“Kafalah program provides 12 billion funds to 6,000 organizations over the past year

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Sponsorship program

Reading time: < 1 Minute  The Business Growth Forum, recently hosted by the Makkah Chamber of Commerce and Industry with the participation of Al-Ahli Bank, and the Kafala Program at the Saudi Development Fund, that the Kafala Program had reached 3,600 guarantees, with financing from local banks exceeding 12 billion riyals, benefiting 6,000 businesses last year. Osama bin Abdulrahman Al-Mubarak, head of the Kafala Program, had presented … Read more

Setting a new record. Hotel sector jumps to $42 billion in deals in 6 months

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Reading time: 2 MinutesThe first half of this year saw an unprecedented total of $42 billion in global hotel transactions, driven by foreign investment in the sector, The Americas topped the list of the largest deals, according to recent statistics released by JLL, reaching $24 billion, a year-over-year increase of 73%. Europe and the Middle East followed… Read more

Arab Center for Engineering Studies wins geotechnical work for Jeddah Metro

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Reading time: 2 MinutesThe Jeddah branch of the Arab Center for Engineering Studies (ACES) has been awarded the contract for geotechnical engineering investigations for the preliminary design phase of the Jeddah Metro. The Jeddah Metro is a massive project comprising several public transportation networks, including a rail network, a bus network, a maritime transport line, a tram along the Corniche, a suspension bridge, and a number of public transportation stations in Jeddah and throughout the Kingdom… Read more

The surprise of real estate fairs : Cityscape Turkey will launch in March of next year

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Reading time: < 1 Minute  Officials at Cityscape responded to requests from numerous Turkish real estate companies to launch a version of the exhibition in Turkey, given that the participation of Turkish companies in various events across the Middle East demonstrates their strength and influence in the region’s real estate market. It was decided to launch Cityscape Turkey next year, to be held from March 24–26, 2016, in … Read more

“Bin Saeedan Group to auction the Yarmouk plan in Al Kharj at the end of October  

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Reading time: < 1 Minute  The Salman bin Abdullah bin Saidan Real Estate Group has signed an agreement with Sheikh Abdulrahman Saad Al-Rashid to market the Al-Yarmouk development in Al-Kharj through a public auction, on Friday, 17 Muharram 1438 AH, corresponding to October 30 of this year. The development is distinguished by its location next to the air base, where a number of residential projects (villas) are currently under construction, … Read more

More than 50 Turkish exhibitors set to participate in Cityscape Global 2015

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Reading time: < 1 MinuteMore than 50 Turkish exhibitors are preparing to showcase their latest development projects at Cityscape Global, the largest and most influential real estate exhibition in the Middle East. The Turkish pavilion at the exhibition, which runs for three days from September 8 to 10 at the Dubai World Trade Center, is the largest international pavilion, covering an area of … Read more

Approved a number of initiatives. Jeddah Chamber confirms that linking with “Trade” has doubled the number of affiliates

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Reading time: < 1 MinuteThe Board of Directors of the Jeddah Chamber of Commerce approved a number of new initiatives aligned with the Chamber’s vision, which is to support sustainable economic development, create job opportunities and sources of income diversification, and enhance the efficiency of various sectors to contribute alongside the government to the nation’s development, The Chamber’s Secretary-General, Adnan bin Hussein Mandoura, stated that all activities and initiatives must be directed toward and support this … Read more

Al Omari Furniture welcomes the school year with a new range of office furniture

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Reading time: < 1 Minute Al-Omari Limited Office Furniture Company welcomed the new school year by providing all necessary office supplies for male and female students at various educational levels. Mohammed bin Ibrahim Al-Omari, General Manager of Ibrahim Al-Omari Sons Office Furniture Co., Ltd., stated that the company is fully prepared for the new school year with a new collection suitable for all tastes and ages, inviting valued customers to visit their nearest branch or … Read more

Ministry of Municipal and Rural Affairs allocates more than SAR 1,122.3 million to implement 23 projects

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Reading time: 1 Minute  The Minister of Municipal and Rural Affairs, Eng. Abdul Latif Al Sheikh, contracts for 23 projects involving road rehabilitation, paving, lighting, and bridge construction in various regions and cities across the Kingdom, at a total cost of (1,122,337,317) riyals. The contracts included the implementation of the following projects: the West Riyadh Paving Project, valued at 43,061,000 riyals; and a project to construct a number of intersections (where major streets meet within neighborhoods) in the city of … Read more

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