Month: August 2015

Ministry of Justice revokes deed for 18 million square meters of land in Jeddah and directs urgent investigation of those involved

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Ministry of Justice

Reading time: < 1 Minute  The Minister of Justice Walid Al-Samaani issued strict instructions to implement the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz to protect the public property of the state and the private property of citizens from any aggression or transgressions, with full accuracy in issuing deeds, tracking all methods of fraud, forgery and manipulation, and returning each violation to its correct position, including the return of lands that ... Read more

Cityscape Global's specialized conferences attract more than 800 real estate professionals

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Reading time: < 1 MinuteFor the first time, Cityscape Global will attract more than 800 senior figures from the real estate industry who will discuss investment opportunities and proposed solutions to issues affecting the sector through a series of specialized conferences, which will be held the day before the three-day exhibition, which takes place from 8 to ... Read more

Namarak invests SAR 150 million to build a residential camp for workers in King Abdullah Economic City

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Reading time: 2 MinutesKing Abdullah Economic City (KAEC) has announced the start of construction and development of the largest residential camp for workers working in the industrial city. The specially designed camp will be built on an area of 104,000 square meters to accommodate more than 4,000 workers who will work on various development projects in King Abdullah Economic City (KAEC). It is ... Read more

Announcement of a tender : “Tourism Authority announces public tender to establish a regional museum in Al-Ahsa

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Reading time: < 1 Minute  The Saudi Commission for Tourism and National Heritage (SCTA) announced a public competition for the implementation of the Al-Ahsa Regional Museum, and called on companies and institutions wishing to obtain the competition document to visit the Procurement and Contracts Department at the Commission's headquarters in Riyadh «Diplomatic Quarter», or visit the electronic procurement and contracts portal «pcp.scta.gov.sa», indicating that the deadline for submitting offers is Tuesday 7/1/1437 H. The deadline for submitting offers is Tuesday 7/1/1437 H. Waleed bin ... Read more

With a capital of Riyal 70 million, the Ministry of Commerce approves the transformation of Al-Qurban Group into a joint stock company

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry approved the transformation of Al-Qaryan Group for Trade, Industry and Contracting from a limited liability company to a closed joint stock company with a capital of Riyal 70 million divided into 7 million shares with a nominal value of Riyal 10 per share, and the partners subscribed to all the shares of the company based in Dammam. The purposes of the company are wholesale trade ... Read more

Real estate developers challenge Housing Ministry's confidence to deliver 1.3 million housing units

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Residential projects

Reading time: 2 MinutesSpecialists confirmed that the ministry's work strategy in the recent period will work to revitalize the real estate sector and the contracting, maintenance and building materials sector by involving the private sector in the responsibility, taking advantage of its previous experiences that created a wide gap between it and its goals due to its reliance on itself in implementing its promises to implement 500 ... Read more

Due to lack of housing supply. British landlords are relieved to see house prices rise

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Reading time: < 1 MinuteHomeowners and homeowners in Britain are positive and optimistic after residential real estate prices rose this month (August 2015) at the fastest rate since 2009. Observers and real estate specialists attributed the rise in prices to the lack of supply of houses and housing units, and the UK House Price Index showed that British house prices are moving upwards. Tim said ... Read more

1603 participants at the International Real Estate Fair in Germany discuss the latest technologies and online marketing

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Reading time: < 1 Minute  With the participation of 1603 exhibitors, the 18th edition of EXPO REAL (International Real Estate and Investment Exhibition) will be held in Munich, Germany, from October 5 to October 7. This year's EXPO adopts a closer look at various aspects of digital progress and its importance for the real estate sector, and the exhibition discusses “Change in ... Read more

The contracting sector in the test of housing projects. !!!

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Reading time: 2 MinutesAnalysis: Muhammad Al-Amin Jamous More than 1.3 families eligible for the housing subsidy program are waiting for good news that will relieve them from the trouble of thinking about finding a suitable way out of this issue. Despite the many options now offered by the Ministry of Housing or the Real Estate Fund, the majority of eligible families prefer to choose a “land and loan” product among the housing products provided by ... Read more

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