Month: February 2016

Allow banks to finance 85% of a home’s value through the “Affordable Mortgage” program for residential real estate financing

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Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) announces the completion of coordination regarding the “#Concessional Mortgage” program for residential real estate financing for a specific category of citizens, in collaboration with the #Ministry of Finance and the #Ministry of Housing. This program aims to provide a residential mortgage financing product that contributes to achieving the national objectives of the mortgage financing policy recently approved by the Council of Ministers, without compromising the requirements of banking sector safety or financial stability. It noted … Read more

It has earned the title of the common element in all exhibitions. Amlak is a specialized sponsor of Saudi, regional and international exhibitions

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Reading time: < 1 MinuteWhen the specialized real estate press disappeared from the Saudi media landscape, the idea began to take shape in people’s minds to fill a vast void in terms of reflecting real estate economic activity and its many «derivatives,» providing accurate information and fostering a culture of real estate in a responsible manner—serving as a tool for readers and followers through all forms of journalism. Since the idea’s inception—which simmered quietly to chart a course… Read more

On the occasion of its centennial… “Amlak,” the business community’s favorite newspaper and a barometer of investment trends and capital flows

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Reading time: 2 MinutesThrough tremendous efforts and tireless work, *Amlak* has maintained its position in the specialized press, occupying a prominent place among its peers; however, it is «the leading real estate newspaper» … and is deserving of being the business community’s preferred newspaper for many reasons—reasons that are evident in the numbers and the newspaper’s pages, which confirm, issue after issue, that it is the best guide and indicator for investors. Amlak and driving the momentum of investment… Read more

On the occasion of the centennial... Editor-in-Chief recounts the early days... Al-Issa: The newspaper owns the region’s leading real estate properties

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Reading time: 3 MinutesMr. Abdulaziz Al-Issa, editor-in-chief of the newspaper «Amlak,» revealed that the launch of Amlak in 2010 was preceded by two years of long and arduous work beginning in 2008, during which a promotional and advertising campaign heralding the newspaper’s launch continued throughout those two years. During which time the World of Journalism Foundation for Media and Public Relations, the newspaper’s owner, conducted scientific studies of the real estate market, which revealed … Read more

The Centennial of Amlak... Creativity and Excellence... Abdulaziz Al-Issa

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Reading time: 2 MinutesIn this special issue, we celebrate the «centennial» issue of *Amlak* magazine, which has been in publication for over six years. Throughout this time, it has poured out the essence of thought and the nectar of experience until it became firmly established in the minds of businesspeople, readers, followers, and interested parties,who have shown it respect, loyalty, and gratitude for its outstanding service and its commitment to building a strong economic and real estate community that prioritizes the greater good over personal interests. It comes… Read more

Organized by “Taqeem” ... A workshop to draft the implementing regulations for the evaluation of economic establishments

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Reading time: < 1 MinuteIn the presence of representatives from major companies, the Saudi Authority for Certified Valuers “Taqeem” held a workshop last week to discuss the final executive regulations for the Economic Facilities Assessment Branch, the final version of which is scheduled to be approved at the Board of Directors meeting at the end of March. During the workshop, the Deputy Secretary-General of the Saudi Authority for Accredited Valuers, Engineer Sultan Al-Jreis, reviewed the implementing regulations for the … Read more

Either Implement or Withdraw... Minister of Commerce: The Time for Speculation on Industrial Land Is Over

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Reading time: < 1 MinuteThe Minister of Commerce and Industry, Dr. Tawfiq Al-Rabiah, revealed that the ministry has adopted numerous initiatives and measures aimed at developing and modernizing the sector to serve the national industry and incentivize industrialists, noting that the total area of industrial cities in the Kingdom has jumped from 40 million square meters to 182 million square meters today, and that factory licensing procedures are now completed within 30 days. Al-Rabiah emphasized during his address at the ceremony … Read more

“MODON showcases investment incentives at Gulfood 2016”

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Reading time: < 1 MinuteThe Saudi Authority for Industrial Cities and Technology Zones (MODON) participated in Gulfood 2016, the Gulf Food Exhibition, which was held at the Dubai World Trade Center from the 21st to the 25th of this month. Madin’s participation aimed to attract industrial investors in the food sector—whether from existing factories outside the region that export to the Kingdom or to highlight investment opportunities … Read more

Qatif Investment Opportunities Forum reveals 2650 contracts worth SAR 118 billion

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Reading time: < 1 MinuteThe “Investment Opportunities Forum” —organized yesterday by the Eastern Province Chamber of Commerce at the King Abdullah Hall for National Events in Qatif Governorate—revealed the significant economic value of Qatif Governorate, with approximately 2,650 contracts signed in the region at a total cost of 118 billion riyals, since the beginning of the current fiscal year. Khalid Al-Safyan, Governor of Qatif, explained during his opening remarks at the forum … Read more

Sultan bin Salman: Investing in urban heritage is an inexhaustible well of oil

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Reading time: < 1 MinuteHis Royal Highness Prince Sultan bin Salman bin Abdulaziz, President of the General Authority for Tourism and National Heritage, affirmed the effectiveness of the tourism sector in economic development and noted that it remains unaffected by dwindling oil resources and price fluctuations, His Royal Highness emphasized that “architectural heritage is an inexhaustible source of wealth.” He made these remarks during his speech at the opening of the Fourth International Conference and Exhibition on the Preservation of Architectural Heritage … Read more

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