Month: January 2016

Real Estate Fund exempts 591 deceased people from loans worth 150 million riyals

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Reading time: < 1 MinuteIn accordance with the order of the Custodian of the Two Holy Mosques, which stipulates the exemption of deceased individuals from Real Estate Development Fund loans, and under the direction of His Excellency the Minister of Housing and Chairman of the Board of Directors, Mr. Majid bin Abdullah Al-Hogail, the Fund’s Director General, Engineer Yusuf bin Abdullah Al-Zaghibi, approved a list of names for the 25th and 26th batches of deceased borrowers whose applications were submitted through the program… Read more

2015“s decisions and powers gave Housing a new look and a new lease on life in 2016

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Reading time: 2 Minutes  The budget for fiscal year 1438 AH–37 demonstrated that the Kingdom’s economy is capable of overcoming the obstacles and circumstances facing the world, foremost among which is the decline in oil prices by approximately 65% since June 2014, This was achieved by establishing economic pillars to complement the oil sector, as clearly demonstrated by the budget figures, which remained balanced while supporting development projects and services that address citizens’ livelihoods, security, and education… Read more

Organizing the profession. Restricting the practice of real estate appraisal to Taqeem employees starting today

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Reading time: 2 MinutesThe Saudi Authority for Accredited Appraisers (Taqeem) begins today to implement its decision requiring real estate appraisers who are eligible to practice the profession to obtain its provisional membership. The Authority confirmed that no one will be permitted to practice the profession under any circumstances unless they obtain membership; consequently, their appraisals will not be accepted by official agencies. In the same vein, the Secretary-General explained … Read more

On the sidelines of the Montajoun exhibition, the Ministry of Labor calls for institutionalizing productive family initiatives

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Reading time: < 1 MinuteAbdulmoneim bin Yassin Al-Shahri, Assistant Deputy Minister of Labor for Special Programs, called on businesspeople and investors to learn about the initiatives launched and developed by productive families, and to study, encourage, and support them so that they can move beyond individual production to institutional-level operations. During his visit to the “Producers 3” Home-Based Women Entrepreneurs Exhibition—organized by the Riyadh Chamber of Commerce and Industry at the Riyadh Center… Read more

Orientation to the knowledge economy ... Riyadh Chamber honors the winners of the “Mubadir” competition”

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce, represented by its Young Businessmen Committee, honored the winners of the “Mubadir” Startup Competition “Mubadir” in its third edition. First place and a cash prize of 50,000 riyals went to contestant Manal Al-Barakati for her project to establish a daycare center for children with special needs, Second place and a cash prize of 35,000 riyals went to contestant Mohammed Al-Hassan for his project, an electronic logistics platform to serve … Read more

Amlak publishes details ... Riyadh Chamber hosts 7 companies to offer 262 jobs for youth

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Reading time: < 1 Minute  From January 4 to 6, the Riyadh Chamber of Commerce and Industry will host seven private-sector companies to offer 262 job openings to qualified young people through the Chamber’s Training and Employment Center. On Monday, January 4, interviews will be held for the following: young people with an elementary school education or higher to fill 125 positions at Mena Education and Development Company… Read more

“Municipality and Rural Affairs” organizes a training program on the application of the Saudi Building Code Tomorrow Sunday

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Reading time: < 1 MinuteTo enhance the performance of its national workforce of engineers and specialized technicians and to foster professional skills, a training program on the implementation of the Saudi Building Code will begin tomorrow, Sunday, under the patronage of the Minister of Municipal and Rural Affairs, Eng. Abdul-Latif bin Abdul-Malik Al-Sheikh, and organized by the Central Administration for Development Projects. The program will take place in the conference hall of the Ministry building on King Saud Road in Riyadh, with the participation of the Ministry’s undersecretaries and engineers from … Read more

Al-Ahsa Municipality allocates 8 sites with an area of 150 million square meters to the Ministry of Housing

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Reading time: < 1 MinuteThe Al-Ahsa Municipality announced that it has allocated eight sites with a total area of 150 million square meters to the Ministry of Housing, Al-Ahsa Secretary-General Adel bin Muhammad Al-Melhem confirmed during his meeting with the Ministry of Housing’s Undersecretary for Land Affairs, Abdulnasser Asiri, that the Secretariat is prepared to provide 250 million square meters should the need arise to increase the total area in support of development … Read more

The Industrial Development Fund reviews its financing products for entrepreneurs and businessmen

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Reading time: < 1 MinuteThe Saudi Industrial Development Fund has reiterated its commitment to supporting and financing projects by entrepreneurs and businesspeople that align with the Fund’s programs and financing products, which focus on support services for the industrial sector, such as housing projects for employees and workers, logistics and warehousing, training centers, model factories, central cooling projects, hotels rated four stars or lower, and integrated residential and commercial service complexes. It was announced … Read more

“Jubail Industrial Zone invites businessmen to invest in the residential sector worth more than 25 billion riyals

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Reading time: < 1 MinuteFahad bin Muhammad Al-Melhem, Head of the Commercial Investment Development Department at Jubail Industrial City, outlined the commercial and industrial investment opportunities in Jubail Industrial City for 2016, noting that residential investment totaled 25.56 billion riyals, while commercial investment reached nearly 7 billion riyals. He highlighted the high demand for investment in the Authority, which is offering projects to build and operate a world-class hotel … Read more

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