Month: December 2015

“Real Estate Contributions” to auction the Jewel of Al-Ahsa land on Tuesday

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Reading time: < 1 MinuteThe Real Estate Contributions Committee (RECC) announced that it will organize the auction of the Jewel of Al-Ahsa land next Tuesday, and the residential land is located on Gulf Road opposite Al-Ahsa University with an area of two million undeveloped square meters. The committee stipulated to enter the auction to attend in person or through a legal agent and present a certified check in the name of the Real Estate Contributions Committee in the amount of one million riyals, and the amount is ... Read more

worth 4.2 billion riyals. The Industrial Development Fund lends 13 industrial projects

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Reading time: < 1 Minute  The Saudi Industrial Development Fund (SIDF) has approved new industrial loans worth SAR 4.2 billion to contribute to the establishment of 13 projects with investments of more than SAR 20.4 billion, this came during a meeting of the Fund's Board of Directors chaired by Minister of Commerce and Industry and Chairman of the Board of Directors Dr. Tawfiq bin Fawzan Al-Rabiah. During the meeting, the Board discussed a number of important issues and topics related to ... Read more

More than 100 cooperation agreements reflect the depth of the Tourism Authority's partnership with the public and private sectors

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Reading time: < 1 MinuteThe General Authority for Tourism and National Heritage's (GATH) policy of activating its programs in partnership with the private sector has earned praise and appreciation from a number of officials for implementing a policy of joint integration with the public and private sectors and civil society, an approach that has been copied by many government agencies. The Authority's partnerships, which are 15 years old this year, have led to the realization of ... Read more

More than 105,000 followers interact with Amlak's Twitter page

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Reading time: < 1 MinuteAmlak newspaper's Twitter account has achieved great success and witnessed continuous follow-up by readers and followers of the news it broadcasts in conjunction with the newspaper's website, with more than 105,000 followers interacting with the news of a real estate transaction. The followers“ interest in what the newspaper publishes comes due to the high credibility enjoyed by the newspaper, and the scrutiny when ... Read more

“Credit and Savings” identifies 5 paths to finance small business owners

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Reading time: < 1 MinuteThe Saudi Credit and Savings Bank revealed that it will open the way for those wishing to obtain financing to support their small and emerging projects through 5 different tracks, including excellence and emerging projects, invention, taxi and transportation, micro projects and productive families. Abdulaziz Al-Nasser, spokesperson for the Saudi Credit and Savings Bank, explained that the bank's new approach works to ensure that the Saudi individual is the goal of development. Read more

Minister of Industry attended the first meeting Al-Afaleq as President of the Saudi Contractors Authority and Al-Duhaim as Vice-President

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Reading time: < 1 Minute  In the presence of the Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah, M. Osama bin Hassan Al-Afaleq was elected Chairman of the Board of Directors of the Saudi Contractors Authority and M. Yasser bin Abdulrahman Al-Duhaim as Vice Chairman of the Board of Directors, to lead the work in its first session. The meeting, which was held at the Ministry's headquarters in Riyadh, began with a speech by the Minister of Commerce and Industry in which he welcomed the attendees, wishing ... Read more

Majid Al-Hogail praises the government's interest in the housing sector and emphasizes the ministry's support for developers

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Reading time: 2 Minutes  Minister of Housing Majid bin Abdullah Al-Hogail stressed the need to establish a data and information center for housing, which the ministry intends to establish, including an integrated database on the sector suffering from a lack of accurate information about it, as it aims to give real indicators of the housing market that contribute to the maturity of the market and serve all its parties from citizens, the private sector and investors, and renewed the ministry's support for the sector ... Read more

It has activated its partnership with “Housing” Prince Faisal bin Bandar is honorary president of the Housing Cooperative Association in Riyadh

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Reading time: 2 MinutesThe Riyadh Housing Cooperative Association (RHCA) has named Prince Faisal bin Bandar, Emir of Riyadh, as its honorary president, during a press conference held yesterday evening at Al Izdhar Hotel in Riyadh, during which it unveiled a number of its projects, plans and future programs. The press conference, held under the chairmanship of Dr. Abdullah bin Jalawi Al-Shaddadi, Chairman of the Board of Directors and President of ... Read more

Ministry of Housing finalizes preparations to hand over 6,000 housing units and plots of land in various regions

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Reading time: < 1 MinuteThe Ministry of Housing has confirmed its diligent efforts to implement the executive solutions plan and its contents, which the ministry announced two months ago. The ministry's spokesperson revealed that the ministry has set urgent initiatives to facilitate ownership support for low-income families and the immediate distribution of ready-made real estate products, while a ten-year development plan to support supply through partnership projects with the private sector, and the utilization of units ... Read more

The real estate index for the month of Safar continues to decline, and the residential sector leads the value of transactions

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Reading time: 2 MinutesThe real estate index sales during the month of Safar of the current year 1437 AH achieved 24.1 billion riyals, compared to 29.6 billion riyals during Muharram of the current year and 40.8 billion riyals during Safar of last year, a decrease of 22 percent and 40 percent, respectively. The impact of the real estate correction and the deals were distributed between the purchase of plots of land and apartments ... Read more

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