Month: March 2016

Who is responsible for rising real estate prices? Real estate developers. Banks and lenders or landowners?

by

Reading time: 4 MinutesThe inability of citizens to own their own homes due to rising housing prices led to the issuance of a number of decisions and laws aimed at lowering residential real estate prices, the most recent of which was raising the financing limit to 85%, However, prices have not stabilized, and the average citizen has been unable to find housing within their means due to speculation, market uncertainty, and financial transactions. … Read more

Arab Contractors Union discusses organizing the Arab Conference and Exhibition

by

Reading time: < 1 MinuteThe Arab Contractors Union has officially begun organizational preparations for the Iraqi-Arab Conference and Exhibition, in cooperation with the Jordanian Ministry of Public Works and Housing and the Jordan Chamber of Commerce. The event is scheduled to take place next May in the Jordanian capital, Amman. Mr. Fahd Al-Hammadi, President of the Arab Contractors Union, explained that the conference will host a number of Iraqi ministers and relevant officials from Iraq … Read more

Kafalah denies restrictions on financing franchise projects in Saudi Arabia

by

Reading time: < 1 MinuteThe SME Financing Guarantee Program has confirmed that there are no reservations or restrictions on supporting or financing franchise projects in the Kingdom, affirming that it supports and guarantees all economic activities that have added value and contribute to the creation of new job opportunities. Osama Al-Mubarak, Director General of the Guarantee Program, stated in a press release that the franchise sector… Read more

Intensive efforts to inventory buildings and dwellings in all regions of the Kingdom

by

Reading time: < 1 MinuteThe General Authority for Statistics (GaStat) is making intensive efforts to update the general population and housing framework across various regions of the Kingdom, a process that will continue until the 3rd of Rajab of the current year, 1437 AH. Taysir Al-Mufarraj, the official spokesperson for the General Authority for Statistics, explained that, in accordance with the General Statistics Law issued by the Council of Ministers, all information and data provided by citizens or residents is stored and handled confidentially … Read more

Cost engineering plays a major role in reducing project delays and rationalizing spending

by

Reading time: < 1 MinuteThe application of cost engineering to government projects helps reduce project delays and streamline government spending, especially since cost engineering involves studying, estimating, and controlling project costs, as well as implementing them without waste and with higher quality through innovative alternatives, without compromising on basic requirements. This was explained by Engineer Nabil Abbas, representative of the International Federation of Consulting Engineers (FIDIC), during his remarks at a seminar held recently on … Read more

29 real estate projects licensed for off-plan sale in seven governorates

by

Reading time: < 1 MinuteStatistics from the Ministry of Commerce and Industry revealed that a total of 29 real estate projects in seven of the Kingdom’s governorates have obtained licenses for off-plan sales. Ministry sources explained that the body authorized to issue the license is the Committee for the Sale of Off-Plan Real Estate Units, and that a real estate developer can obtain the license within 10 business days from the date the application is completed … Read more

Makkah Emirate warns : There is no tolerance for trespassers on public lands

by

Reading time: < 1 MinuteThe Emirate of the Makkah Region has confirmed that it has instructed the relevant authorities to compile a list of all those who have engaged in the sale of property they do not own, defrauded citizens, and unlawfully appropriated their funds through the sale of unauthorized plots, with the aim of legally requiring them toreturn the funds of those they have deceived and hold them accountable if such allegations are proven, noting that there will be no leniency toward land encroachers and fraudsters. The Emirate reiterated … Read more

Launching a company specialized in tourism investment

by

Reading time: < 1 MinutePreparations are currently underway for the launch of a company specializing in tourism and heritage investment in the Al-Qassim region. The establishment of the company came at the initiative of His Royal Highness Prince Sultan bin Salman bin Abdulaziz, President of the Saudi Commission for Tourism and National Heritage, during a meeting held in the presence of His Royal Highness Prince Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of the Al-Qassim Region and Chairman of the Council… Read more

“The Ministry of Housing Expands Its Network with the Opening of a Branch in the Eastern Province

by

Reading time: < 1 MinuteTo make it easier for citizens to access services, the Ministry of Housing, as part of its ambitious plans to improve its operational mechanisms, provide services to beneficiaries, and prepare for the distribution of ready-to-move-in housing units, the Ministry has begun opening offices and appointing representatives in various governorates and cities of the Eastern Province according to a specific timeline to achieve coverage throughout the region. The Ministry recently opened, under the direction of Minister of Housing Majid bin … Read more

Ministerial Decision Approving the New Formation of the Medina Chamber

by

Reading time: < 1 MinuteThe Minister of Commerce and Industry, Dr. Tawfiq Al-Rabiah, issued Ministerial Decree No. 19462 dated 13/6/1437 AH, establishing the Board of Directors of the Madinah Chamber of Commerce and Industry for the current term 1437 -1441 AH, appointing Badr bin Nayaf Amer Al-Dihani, Khalid bin Abdulqadir Asaad Daqal, Abdullah bin Muhammad Hassan Daqaq, Madani bin Sulaiman Wasil Al-Ahmadi, Munir bin Muhammad Nasser bin Saad … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.