Emir of Qassim honors supporters and sponsors of Al Madinah Dates Festival

Reading time: < 1 MinuteHis Royal Highness Prince Dr. Faisal bin Mishaal bin Abdulaziz, Governor of Qassim Region, honored the sponsors, supporters and participants in the success of the Healthy City Dates Festival in Bakiriyah Governorate, and the (Support me to win) project presented by Mohammed Al-Dakhil, Chairman of the Chamber of Commerce, where Al-Dakhil sponsored the project in the coming years and raised the value of the project to benefit the people of the province, then His Highness received a memorial shield ... Read more

Family businesses are always the strongest. Saif and Abdullah Al Ghurair

Reading time: 2 MinutesToday we receive in the world of adults two distinguished men who have a clear imprint in the world of real estate investment, they are Saif Ahmed Al Ghurair, the billionaire and CEO of the Dubai-based Al Ghurair Group and Abdullah Al Ghurair, and the group managed by Saif Al Ghurair is considered one of the largest companies operating in the real estate and industrial sectors in the UAE. Saif Al Ghurair's family owns several real estate... Read more

First day of school. Dr. Hussam Youssef

Management - Intelligence - Management Science - Real Estate

Reading time: 2 MinutesA young and happy reader sent me a message saying that tomorrow is the first day of work in her life. She said I feel very afraid of the first meeting with colleagues at work, how do I deal with them? Do I approach my colleagues and befriend them, or deal with them formally? How do I talk to my boss? and many other questions. I told her, "Honey, I recommend you ... Read more

The largest participation of Saudi companies in the «Big Five« in Dubai

Reading time: < 1 MinuteThe Saudi Export Development Authority is preparing to participate in the International Building and Construction Exhibition «The Big Five» to be held from November 23 to 26, 2015 in Dubai, under the patronage and presence of the Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah, and the Kingdom's pavilion is expected to witness the largest industrial participation of national companies from ... Read more

The time for monopolies is over. Abdulaziz al-Issa

Reading time: 2 MinutesThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz's recent visit to the United States, which coincided with the Saudi-American Investment Conference, which had the greatest impact on the economic aspect. The historic royal decision to open the Saudi market to foreign companies to enter it with full weight to work ... Read more

«SABIC announces lower steel prices

SABIC

Reading time: < 1 MinuteThe Saudi Basic Industries Corporation (SABIC) announced the reduction of the price of one ton of reinforcing steel by 200 riyals in all regions of the Kingdom; as of last week, and the Executive Vice President of the Metals Unit at SABIC, Engineer Abdulaziz bin Sulaiman Al-Humaid, said that the reduction contributes to maintaining the stability and balance of the local market to serve the public interest amid indicators of continued ... Read more

Saudi Aramco signs contract to build more than 8,000 homes

Reading time: < 1 MinuteSaudi Aramco, Saudi Arabia's oil and petrochemical giant, plans to build 8,521 homes for its employees, as well as some schools and community facilities on an estimated 10 square kilometers of land in the Dhahran region, according to Saudi Aramco's weekly magazine The Arabian Sun. The project's construction area will be located 8 kilometers (6.25 ... Read more

The Shura Council's Housing and Services Committee rejects the amendments of the Expert Commission. Criticizes the exclusion of real estate professionals

Shura Council

Reading time: < 1 Minute  The Shura Council's Housing and Services Committee criticized the exclusion of people with experience in real estate valuation from the membership of the valuation committees for expropriated properties, and limited its membership to representatives of government agencies, who are recent graduates with little experience in the field of field work and in estimating the value of the same, and the committee stressed in its report that the exclusion of people with experience is a major flaw in the balance of the fairness of the valuation. She attributed ... Read more

Al Marjan Island awards contract for the construction of the fourth canal to enhance aesthetic and environmental value

Al Marjan Island Company announced last week (September 8, 2015) that the construction of a fourth canal on the island has been awarded to China Harbour Engineering Company. The new canal will improve the distribution of water flow and enhance the aesthetics of the island and is expected to provide significant investment and tourism returns as well as maintain water quality and circulation.

The announcement was made during the company's participation in Cityscape Global, the leading international exhibition for the real estate industry, which runs until September 10 at the Dubai International Convention and Exhibition Center, with Al Marjan Island participating as a gold sponsor.

Engineer Abdullah Al Abdooli, Managing Director of Al Marjan Island Company, said that the work on this water channel will contribute to the revitalization of the marine environment on the island significantly, as it is about 700 meters long and about 40 meters wide, in addition to opening new horizons for the development of many real estate projects on its banks, stressing the positive effects of such strategic projects that are based on the government's vision to enhance the sustainability of the real estate sector in the emirate and develop a unique destination for residents, visitors and tourists that meets all their requirements.

This channel is one of the initiatives taken by Al Marjan Island to preserve the marine environment surrounding the island and follow the highest international standards in the implementation of waterfronts. The channel will connect the Gulf waters on the western side of the island with the protected bays on the eastern side, in addition to creating stunning views that meet the preferences of investors and visitors alike, and will represent a key axis for real estate development in the vicinity and a new tourist tributary to the surrounding hotel projects as well as retail and entertainment projects on its banks.

Engineer Al Abdooli added: “The canal is unique and a key element of Al Marjan Island's comprehensive marine development strategy, which will provide the highest standards of marine tourism for visitors and residents of the island, ensuring crystal clear water. Furthermore, the canal provides oxygen-rich water to the island's surroundings, providing an ideal habitat for fish, plants and other marine life to live in.”.

He added: “This move reinforces our commitment to developing a sustainable and environmentally friendly facility. Pumping oxygenated water through the canal will help improve the aesthetics of the island and provide more suitable habitats for aquatic life.”.

This new project is an addition to Al Marjan Island's portfolio of near-term projects and strategic infrastructure that will create a mix of environmentally sustainable tourism, residential and hospitality complexes to serve the growing population on the islands.

Al Marjan Island is an iconic tourism project in Ras Al Khaimah and a unique investment destination. It consists of four artificial islands designed in the shape of coral reefs connected by a modern road network and is 4.5 kilometers long inside the sea with an area of 2.7 million square meters and a sea coastline of 23 kilometers and includes international five-star hotels and resorts, luxury residential units, tourist entertainment centers, international restaurants, picturesque beaches and a walkway equipped with tracks dedicated to walking, running and cycling sports. The island's design has been designed to preserve and highlight the environmental, cultural and heritage aspects of the UAE to reflect the distinctive image of the civilizational and urban development witnessed by the UAE, while preserving the heritage and cultural character of the Emirati society and introducing it to visitors and those coming from abroad, and several international companies in the field of hospitality and hospitality seek to find an investment opportunity in the promising island, as Al Marjan Island was established to enhance the quality of real estate projects provided by the Ras Al Khaimah government, with the main objective of supporting strategic development efforts in Ras Al Khaimah, improving community development and increasing the number of visitors.

Riyadh International Airport's fifth terminal opens by the end of the year

Reading time: < 1 MinuteThe fifth terminal being built at King Khalid International Airport (KKIA) in Riyadh is scheduled to be completed by the end of 2015, officials announced. The announcement came after General Authority of Civil Aviation (GACA) Chairman Sulaiman bin Abdullah Al-Hamdan visited the terminal to inspect the progress and work conditions. The fifth terminal project was implemented to transfer passenger traffic ... Read more