Month: January 2016

King Abdullah Port passes more than 1.3 million containers and enters into alliances to increase capacity  

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Reading time: < 1 Minute  During 2015, the Ports Development Company (PDC) managed to put the private sector's footprint in the management and development of ports, through its achievement in the operation, management and development of King Abdullah Port, where the company worked to increase the capacity of the port by adding a fourth berth in May 2015 to increase its capacity to more than 2.7 million containers, in line with the port's development policies, as well as ... Read more

The Council of Ministers grants the Council of Saudi Chambers the authority to form a board of directors for a commercial arbitration center“

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Reading time: < 1 MinuteThe Council of Ministers, during its session held on Monday at Al Yamam Palace in Riyadh under the chairmanship of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, approved granting the Council of Chambers of Commerce the authority to form the Board of Directors of the Saudi Center for Commercial Arbitration, in coordination with the Permanent Committee instead of the Ministry of Justice and the Ministry of Commerce and Industry. The Council was ... Read more

An electronic link that allows deletion of the commercial register and closure of the establishment without reviewing the concerned ministries

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Reading time: < 1 MinuteThe Ministry of Labor, in coordination with the Ministry of Commerce and Industry, strengthened the efforts of e-government services provided to companies and establishments after the completion of the electronic link between the two ministries, which included the service of deleting the commercial register and closing the establishment file in the Ministry of Labor at the same time once canceled, without the need to review the customer to finish the procedures of deleting the establishment file in the Ministry of Labor when he deletes the commercial register ... Read more

“The Fifth Productive Families Forum in Jeddah hosts 600 businesswomen and 300 economic figures

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Reading time: < 1 Minute  With the participation of more than 600 businesswomen, the Fifth National Forum and Exhibition for Productive Families will be held from 8 Rabi'II, 1437 AH, corresponding to January 18, 2016, under the patronage of the Advisor to the Custodian of the Two Holy Mosques, Prince Khalid Al-Faisal, amid expectations that more than 300 economic and social figures and a large number of interested parties will attend the event at the Jeddah Hilton Hall. With the aim of the forum ... Read more

“Resident Authority launches its 2016 training courses on January 24

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Reading time: < 1 MinuteThe Saudi Commission for Accredited Valuers (Taqeem) is completing its training courses necessary to obtain provisional membership for valuers in the real estate valuation branch. The first course for the 2016 101 curriculum will be held on January 24 in Riyadh for five days, followed by the same course in Qassim city on January 31 for five days as well, and consecutive ... Read more

Makkah occupancy rate 90% Tourism Authority provides 795 facilities with 155,000 rooms

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Reading time: < 1 MinuteThe General Authority for Tourism and Antiquities in Makkah confirmed that the tourist accommodation sector witnessed a remarkable growth in hotel bookings on the occasion of the year-end vacation, and the authority indicated that it was keen to prepare tourist accommodation facilities for visitors and pilgrims during the Umrah season and the mid-year vacation through 795 accommodation facilities with a capacity of 155 thousand rooms. In addition, reports revealed that the percentage of ... Read more

In collaboration with the World Real Estate Federation. DAMAC Properties hosts «Urban Thinkers Forum» in Dubai

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Reading time: < 1 MinuteIn collaboration with the World Real Estate Federation (WREF) and in partnership with the Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), DAMAC Properties is organizing the “Urban Thinkers Forum” on January 10-11 at the Meydan Hotel in Dubai. The Urban Thinkers Forum is an initiative of the United Nations Urban Agenda, an open platform to bring together partners who believe that ... Read more

Al-Ahsa Chamber Vice President reveals seven real estate contributions that are on their way to being resolved

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Reading time: < 1 MinuteRevealed M. Khaled bin Saud Al-Saleh, Vice President of the Al-Ahsa Chamber and Chairman of the Real Estate Committee, revealed that seven out of 11 contributions are on their way to resolution, including the contribution of Al-Aqeer and the Mahboub Building, while there are two contributions that have no final documents, and the market value of the troubled contributions in Al-Ahsa is estimated at 4-5 billion riyals, all of which are large areas, and Al-Saleh denied ... Read more

Land is the top seller. The value of real estate deals in Dubai exceeds 46 billion dirhams

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Reading time: < 1 MinuteThe Dubai Land Department (DLD) announced that 2015 witnessed 21,000 real estate transactions worth more than AED 46 billion, including 10 different areas in Dubai, and the deals varied between apartments, villas, buildings and mixed-use lands. Land received the lion's share of the deals, with 7003 plots of land worth AED 26 billion, while residential units were ... Read more

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