Month: September 2015

“Kuwait's KEPCO announces $5 billion real estate scheme

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Reading time: < 1 MinuteKEPCO Holding, the largest private sector real estate investment company in Kuwait, is planning to implement a $5 billion real estate scheme located on the outskirts of Kuwait City, the company's vice chairman said. Faisal Al Ayyar said that the project area is 380,000 square meters in the Al Daiya area, where many embassies and consulates are located ... Read more

“Jabal Omar enters into the largest financing agreement with SABB and Samba worth eight billion riyals”

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Reading time: < 1 Minute  Jabal Omar Development Company signed the largest financing agreement (syndicated loan) for the company estimated at eight billion riyals with SABB and Samba banks last Wednesday evening at the Jeddah Hilton Hotel, in order to complete the construction and implementation of the second and fourth phase and the construction and implementation of the fifth phase of its project located in Makkah, noting that the duration of the financing is two ... Read more

Medina's SAR 500 billion worth of projects are moving forward {Video}

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Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Salman, Governor of Madinah, announced that expansion projects worth SR500 billion ($133.3 billion) are progressing as planned. Prince Faisal said the construction projects include building an annex to the Prophet's Mosque, projects for various health services and security projects, which were approved by the Custodian of the Two Holy Mosques ... Read more

The Middle East needs to do more to address the shortage of affordable homes

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Reading time: 2 MinutesReal estate markets in the Middle East are suffering from a shortage of affordable and accessible housing for the middle classes, which make up the majority of societies in the region, and more needs to be done to address the current imbalance, according to a new report by JLL, a global real estate investment and advisory firm. JLL, a global real estate investment and advisory firm, said the shortage is ... Read more

Businessmen ”for property”: The decision of the Custodian of the Two Holy Mosques to open investment to foreign companies is in the interest of the citizen and creates job opportunities and lowers prices

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Investment

Reading time: 5 MinutesAmlak-Riyadh-Dammam-Jeddah Follow-up / Muhammad Jumaan Al-Ghamdi The decision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, may God protect him, to open the retail and wholesale trade activity with 001% ownership of foreign companies for their products found a wide echo internally and internationally, as many businessmen, merchants and citizens welcomed this decision, considering that it first serves the interest of citizens, as it creates new job opportunities ... Read more

Hosted by Amlak's editor-in-chief The program “Real Estate Makers” highlights the most important real estate men

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Reading time: < 1 MinuteSilah satellite channel, which broadcasts on frequency 11334 horizontal from Riyadh, begins preparations for the filming of the distinguished real estate program «Real Estate Makers» prepared and presented by media colleague Dr. Waddah Al-Saeed, and Emlak Real Estate newspaper will sponsor one of the episodes of the program by hosting the editor-in-chief, colleague Abdulaziz Al-Issa, with a special episode on real estate media in the Arab Khaleej region, and it is indicated that filming has begun for the first episodes of ... Read more

The Custodian of the Two Holy Mosques issues a directive to form a governmental committee to develop regulations for contractor coalitions

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz issued a directive to form a governmental committee to set specific regulations for coalitions of contractors with different classifications, as a guide when implementing government projects, and the directive set a maximum of 60 days to hand over the project to the contractor by the government entity from the date of award. The government committee consists of four entities, including : Ministry of ... Read more

The repercussions of the Haram crane : Specialists call for the formation of a body to supervise safety in the implementation of projects

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Reading time: 2 Minutes  The “Haram Crane” incident, which killed more than 100 people and injured at least 250, sparked a wide debate about the security and safety standards followed by companies in implementing their large projects, and a number of specialists in the field of security and safety called for the need to develop proactive treatments that enhance the safety situation during and after the implementation of projects, and specialists stressed the need ... Read more

“Emaar Materials supports Dar Al-Hikma University in Jeddah with scholarships for architecture students

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Reading time: < 1 Minute  Complementing the role and plans of Construction Materials Company (CPC) and its plan to support leading educational institutions inside and outside the Kingdom, the company, represented by the “Building and Hope” sector, signed a memorandum of understanding with Dar Al-Hikma University in Jeddah, which aims to support scholarships for students of the Department of Architecture and Interior Design and allocate a hall to display the products of Construction Materials Company to be used in ... Read more

Dur Hospitality Company buys land for SAR 43.4 million to develop a hotel in Jeddah

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Reading time: < 1 MinuteIn line with Dur Hospitality's investment strategy to develop three- and four-star hotels in areas that are witnessing increasing growth, Dur Hospitality is planning to develop a hotel and hotel apartments on Medina Road, north of Jeddah, in line with Dur's investment strategy in developing three- and four-star hotels in growing areas. The land area on which the project will be built is estimated at 3.8 thousand square meters, with a value of SAR 43.4 million, and Dur Hospitality is contributing ... Read more

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