Month: October 2015

1007 trainees to obtain accreditation; first quarter deadline for registration of real estate appraisal practitioners

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Reading time: 2 Minutes  The Saudi Authority for Certified Valuers plans to hold ”Course 101” sessionsInternational Valuation Standards and Ethics and Conduct in the Valuation Profession” in Makkah from November 1–5, 2015, and in Riyadh from November 22–26, 2015, in Tabuk from December 6–10, 2015, in Dammam from December 13–17, 2015, and in Riyadh from December 27–31, 2015. In addition, more than 90 real estate appraisers received provisional membership in the Saudi Authority’s Real Estate Branch… Read more

1,300 exhibitors await Smart Home Security Expo to showcase the latest technologies in January

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Reading time: < 1 MinuteCompanies participating in the 18th edition of the world’s largest trade fair for security, safety, and fire protection in Dubai have booked nearly 901 square meters of exhibition space, four months ahead of its opening on January 17, 2016. The eventthe three-day event, more than 1,300 exhibitors from 52 countries are expected to participate, and the exhibition will be held … Read more

To familiarize with international and local best practices. Saudi Valuers Authority launches a course on expropriation of real estate for public benefit

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Reading time: 2 Minutes As part of its efforts to regulate the real estate appraisal profession and improve the performance of practitioners, the Saudi Authority for Certified Appraisers (TAQEEM), in collaboration with the Royal Institution of Chartered Surveyors (RICS), launched a training course yesterday, Sunday, 21/12/1436, on the expropriation of real estate for public benefit and the temporary seizure of property. The course will run for two weeks in Riyadh. This course is the first of its kind offered by the Authority in … Read more

Asala Holding celebrates National Day...Al-Rashed: God bless the hands that work to build the country

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Reading time: 2 MinutesThe Kingdom is currently celebrating the 85th anniversary of the glorious Saudi National Day, which marks the unification of the Kingdom by its founder, King Abdulaziz bin Abdulrahman Al Saud—may God have mercy on him— and our country today enjoys the finest examples of solidarity, cohesion, and complete harmony between the leadership and the people within a strong and unified entity, following these years of development and prosperity it has witnessed… Read more

Under the patronage of Prince Saud bin Nayef, the Restatex Eastern Province Real Estate Exhibition kicks off on October 26

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Reading time: < 1 MinuteWith a large turnout from government agencies and private-sector real estate and financial companies, and featuring broad participation from real estate development and investment firms, local banks, financing companies, and a select group of Gulf and international real estate firms licensed by the Saudi Ministry of Commerce and Industry, the ”Eastern Province Real Estate, Housing, and Urban Development Exhibition – Restatex Eastern Real Estate” kicks off under the patronage of Prince Saud bin Nayef … Read more

“Al Hakimia successfully finalizes the marketing of 888 housing units at the ”Iskan“ exhibition in Sharqiya

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Reading time: 2 MinutesIn what is considered the most significant step in the partnership between the Ministry of Housing and the private sector, Al-Hakimiyah Real Estate Development Company has completed the sale of all 888 residential units agreed upon for development during the residential unit marketing exhibition organized by the Ministry in the Eastern Province, which facilitated the sale of residential units to eligible citizens seeking housing support; after reviewing … Read more

“Rekal Real Estate signs an agreement with STC to provide the best technical communication solutions

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Reading time: < 1 MinuteRakal Real Estate has signed an agreement with Saudi Telecom Company (STC) to provide the latest connectivity solutions and all key services. STC was represented at the signing by Anf Abanmi, Vice President of Corporate Sales in the Business Sector, while Rekal Real Estate was represented by its CEO, Mr. Haitham Hakim. Following the signing, Hakim said: “We are working to increase the effectiveness of our business by providing all types of … Read more

Local banks have extended a total of 1,278.4 billion riyals in credit to the private sector

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Reading time: 2 Minutes  Dr. Fahd bin Abdullah Al-Mubarak, Governor of the Saudi Arabian Monetary Authority, confirmed that banking services have seen significant development and expansion, At the end of the second quarter of 2015, the number of commercial banks operating in the Kingdom reached 24, including branches of foreign banks, and the number of bank branches in the Kingdom reached 1,954, while the total credit extended by … Read more

Visitors to the Prophet's Mosque pump 1.5 billion riyals into Medina hotels

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Reading time: < 1 MinuteHotels in Medina have successfully attracted visitors to the Prophet’s Mosque, having mobilized their full operational capacity to achieve an occupancy rate of over 90%, Estimates indicate that hotel revenue in Medina during the Hajj will reach 1.5 billion riyals, noting that the economic value of the Hajj amounts to 23 billion riyals, distributed across all sectors of the economy. In this context, he emphasized … Read more

Aswar United opens its most luxurious hotel in Riyadh, rivaling international hotels...

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Reading time: < 1 MinuteAswar United has completed all preparations for the opening of its latest luxury hotel property on the Northern Ring Road near SABIC in Riyadh, namely “Aswar Hotel Apartments,” which is a significant addition to the accommodation and lodging options that provide complete comfort to its guests. The hotel apartments feature 36 luxurious suites, as well as special suites for newlyweds, in addition to playgrounds and a comprehensive entertainment center for children… Read more

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