Month: March 2016

Real Estate Fund board members from the private sector approved

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Reading time: < 1 MinuteMr. Majid Al-Hogail, Minister of Housing and Chairman of the Board of Directors of the Real Estate Development Fund, expressed his gratitude and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, for approving the Fund’s board members from the private sector. Al-Hogail revealed in press interviews that the Fund’s Board of Directors will discuss, at its next meeting, extending the benefit period for eligible recipients who have been approved but have not yet received … Read more

81 officials and specialists enrich the Jeddah Economic Forum and discuss 20 global experiences

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Reading time: < 1 Minute  With the participation of more than 81 experts, the Jeddah Economic Forum kicks off this evening, Tuesday, under the patronage of His Royal Highness Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of the Makkah Region, and organized by the Jeddah Chamber of Commerce under the theme “Private and Public Sector Companies: An Effective Partnership for a Better Future.” The forum will continue for three days at the Hilton Jeddah Hotel. … Read more

Housing Minister to Turkish companies: We are planning 1.5 million housing units over the next five years

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Reading time: < 1 MinuteHousing Minister Majid Al-Hogail affirmed that his ministry is moving forward to create a competitive environment—one that it oversees and leads itself—between Saudi and foreign companies in a professional manner that ensures the growing demand for housing units is met and that these units are produced to high standards andinternational standards and at competitive prices suitable for all citizens in various regions, with completion and delivery within a short timeframe. This came … Read more

Al-Haqeel: “Housing Strategy” is the main reference document and roadmap for housing development in the Kingdom

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Reading time: < 1 MinuteHousing Minister Majed Al-Hogail described the Shura Council’s comments on the housing strategy as constructive, and stated that his ministry would immediately begin addressing them, noting that the ministry is working to implement the strategy in coordination and cooperation with relevant authorities and in line with approved sectoral strategies to fulfill the aspirations of the rulers, may God protect them. Al-Hogail emphasized that the strategy offers sustainable solutions that meet the housing needs of citizens, … Read more

Housing strategy estimates the need for 257,000 units per year

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Reading time: < 1 MinuteThe National Housing Strategy approved by the Shura Council yesterday included estimates of the number of housing units on which a significant portion of the strategy is based, as outlined below: The annual number of units will be approximately 257,000 at the upper end of the estimates, assuming continued population growth among citizens and an increase in the number of non-Saudi residents. In the medium-range estimates, foreign population growth is assumed to be 1.51% annually, and the construction of … Read more

Mohammed Al-Khashan: Integration of the newspaper's various online and print mediums makes advertising more widespread

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Reading time: < 1 MinuteThe newspaper delivers unique and engaging content, and advertisements in it reach the target audience quickly due to our strong presence through the integration of the newspaper’s diverse electronic and print platforms, as well as sponsorships of the most important local and Gulf economic events and activities. It undoubtedly offers a marketing and informational package that serves thosethose interested in the real estate sector. Mohammed Al-Khashan, Real Estate Broker

Shura Council approves housing strategy and calls for it to be updated every five years

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Reading time: < 1 Minute  At its session yesterday, Monday, the Shura Council approved the National Housing Strategy and endorsed the Housing Committee’s recommendation to review the transition period for a greater role for the private sector, so that this period is reduced to less than ten years. Members of the Shura Council called for clarification of the mechanisms for providing housing to people with special needs, widows, orphans, and divorced women without a breadwinner … Read more

The Real Estate Fund reveals the exclusion of area from the conditions for obtaining a mortgage loan

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Reading time: < 1 MinuteYusuf bin Abdullah Al-Zaghibi, Director General of the Real Estate Development Fund, unveiled new policies the Fund intends to implement to eliminate its waiting list of 420,000 citizens. These policies include the removal of the floor area requirement and a number of other conditions necessary for obtaining a mortgage. Al-Zaghibi confirmed during a meeting organized by the Real Estate Committee at the Riyadh Chamber of Commerce and Industry earlier this week that the Fund intends to eliminate … Read more

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