Month: December 2015

Support Real Estate Company chooses Al Areen Group as strategic partner for Liwan project in Qassim

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Reading time: < 1 MinuteDa’em Real Estate announced the completion of the Al-Liwan Suburb project, which Da’em recently developed under the supervision of the Al-Qassim Municipality on an area of approximately 2,400,000 square meters; it is considered the largest investment and residential development in the region. In the same context, Da’em Real Estate signed a memorandum of understanding with Al-Arin Engineering Consultancy Group for Al-Arin to serve as the project’s strategic engineering partner, and will provide … Read more

It continued its successful journey ... . The Saudi Construction Exhibition concludes with a strong presence of visitors, exhibitors and participating countries

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Reading time: 2 MinutesThe Saudi Construction Exhibition 2015 successfully concluded its 27th edition, held at the Riyadh International Convention and Exhibition Center in Riyadh under the patronage of His Excellency Engineer Abdul Latif bin Abdul Malik Al Sheikh, Minister of Municipal and Rural Affairs, from 13 to 16 Muharram 1437 AH, corresponding to October 26–29. A strong and distinguished turnout attracted … Read more

Advancing the profession. Dr. Fahad Abu Hamed: Thirty-five real estate appraisal facilities have been licensed by the Trade Registration Committee

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Reading time: < 1 Minute  As part of the integration and cooperation process between the Ministry of Commerce and Industry and the Saudi Authority for Accredited Valuers (TAQEEM), Dr. Fahad Abu Haimed, Undersecretary of the Ministry of Commerce and Industry for Regulations and Legislation, and Chairman of the Committee for the Registration of Certified Appraisers, that the Ministry, as part of its joint efforts with the Authority to develop the appraisal profession and elevate it to the ranks of the Kingdom’s prestigious consulting professions, has approved … Read more

SASCO secures SAR 200 million Murabaha facility over 54 months

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Reading time: < 1 Minute  The Saudi Automotive and Equipment Services Company (SASCO) has secured Sharia-compliant Murabaha financing worth 200 million riyals for various purposes. The company stated in a press release that it had signed an agreement with the Saudi Dutch Bank, which includes a general facility worth 150 million riyals, consisting of a medium-term loan of 100 million riyals with a financing term of 54 … Read more

Including 10 hotel towers, 86 villas and markets, Jabal Omar completes 96% of first phase projects

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Reading time: < 1 MinuteJabal Omar Company announced that it has completed 96% of the first phase of its projects, and a number of hotels and shopping malls have been opened. The phase consists of four podium bases, 10 hotel towers, 86 villas and residential units, as well as 10 penthouse villas with a total floor area of approximately 472,000 square meters overlooking Ibrahim Al-Khalil Street. Over the past year … Read more

Sudan invites businessmen to invest in tourism projects on 700 kilometers of Red Sea coastline

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Reading time: < 1 Minute Sudanese Minister of Tourism, Antiquities, and Wildlife Mohamed Abu Zeid Mustafa called on Arab investors and businesspeople to come to Sudan and invest in the more than 700 km of Red Sea coastline, establishing various tourism projects such as resorts and islands, including Tuti Island, which he described as one of the most prominent tourist sites, and extended an open invitation to investors to invest there. At the conclusion of … Read more

“Al Jazeera Capital recognized as the best brokerage firm in the Middle East

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Reading time: < 1 Minute  Al Jazeera Capital won the award for Best Financial Brokerage Firm in the Middle East, in recognition of its outstanding performance, its ability to keep pace with market developments, and its success in providing the best solutions to its clients throughout 2015. The award was presented during the Global Investor ISF Middle East ceremony, which was held recently in Dubai. Officials from the Saudi Capital Market Authority and a group of economists attended… Read more

 Covering 89.6% of shares... Andalus Real Estate's retail subscription achieves 135.4 million riyals

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Reading time: < 1 Minute Before the public subscription for Al-Andalus Real Estate Company shares closes tomorrow, Wednesday, 7.5 million shares have been subscribed, covering 89.61% of the total shares offered to individuals, which amount to 8.4 million shares and represent 40% of the total 21 million shares offered for public subscription, constituting 30% of the company’s capital. In the same context … Read more

Egyptian government offers four new incentives to investors and pledges to remove all obstacles

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Reading time: < 1 MinuteThe Egyptian Ministry of Investment has finalized arrangements to offer four new incentives to investors, with the aim of encouraging investment in a number of Egyptian governorates in the coming period. These incentives will be submitted to the Cabinet in preparation for identifying the governorates and regions where they will be implemented. In this context, Ashraf Salman, the Egyptian Minister of Investment, affirmed that the Egyptian government is committed to removing all obstacles facing … Read more

Realized 3.5 billion riyals in two days. Dana Al Rams Auction sets a record in sales

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Reading time: < 1 MinuteThe auction for the Dana Al-Rams project site, located on the Arabian Gulf in Al-Qatif, set a record for land sales, reaching 3.5 billion riyals for the 3.5-million-square-meter site over the course of two days. The auction saw a huge turnout of real estate professionals, investors, and buyers, with attendance exceeding 3,000 people, while the price per square meter for the plots ranged from 1,200 … Read more

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