Month: March 2016

“Real Estate Contributions”: Commercial and residential plots in the auction of ”Shafa Mall” in Riyadh

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry, represented by the Real Estate Contributions Committee, has announced the offering of 19 commercial and residential plots in the Aziziyah neighborhood in Riyadh in preparation for the liquidation of Shafa Mall, and the return of shareholders' rights, on Wednesday 06/07/1437 H corresponding to 13/04/2016 G. The committee specified the conditions for entering the auction, which are: attending in person or through a legal agent, presenting a check ... Read more

”Technical Training” raises the number of registrations in training programs to localize Saudization

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Reading time: < 1 MinuteThe number of registrants in the free training programs for maintenance and sales of mobile devices at the Technical and Vocational Training Corporation (TVTC) rose to 33,000 Saudis and Saudi women during the past days, as the Corporation began receiving registration requests electronically through its website, which allows individuals to register for training courses dedicated to localizing mobile device maintenance and sales shops, according to the official spokesman for the Technical and Vocational Training Corporation (TVTC). The organization's spokesperson revealed ... Read more

»Housing in the Kingdom: Challenges and Solutions« seminar at the Institute of Management March 30

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Reading time: < 1 MinuteThe Institute of Public Administration is organizing an important seminar on Wednesday, March 30, entitled "Housing in the Kingdom ... Challenges and Solutions" with the participation of a number of officials and relevant authorities, led by the Minister of Housing, Mr. Majid Al-Haqeel, at the Ibn Khaldun Hall at the King Salman Conference Center at the Institute's headquarters in Riyadh. In order to discuss the reality of housing in the Kingdom and identify the most important challenges facing it and work on ... Read more

First Urban Planning Forum launches on March 29

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Reading time: < 1 MinuteWith the participation of 55 speakers across 11 scientific sessions, the first Urban Planning Forum will kick off in Riyadh, organized by the Ministry of Municipal and Rural Affairs from March 29-31 under the slogan «Modern Trends in Urban Planning» under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him - under the patronage of the Custodian of the Two Holy Mosques. On this occasion, the Undersecretary of the Ministry of Municipal and Rural Affairs for City Planning, Dr. Abdulrahman ... Read more

30% of the Riyadh Metro project completed and work continues on all axes

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Reading time: < 1 MinuteHis Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Chairman of the Higher Committee for the Development of Riyadh City and Chairman of the Higher Committee for the Supervision of King Abdulaziz Public Transport Project in Riyadh, recently chaired the tenth meeting of the committee at the headquarters of the Higher Committee for the Development of Riyadh City in the Embassies neighborhood. In a statement to the media, His Royal Highness explained that the Riyadh Metro project has exceeded ... Read more

Comprehensive expropriation system provides an integrated reference for real estate valuation

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Reading time: < 1 MinuteThe comprehensive expropriation system provides a reference for land valuation bases at the level of Jeddah governorate, where the system can complete all procedures for expropriation transactions, starting with the steps of analyzing and studying the geographical dimension of the project site, through the procedures of identifying the properties located within the geographical space of the project, and ending with the completion of all procedures of expropriation transactions for citizens and facilitating the completion of their transactions. This was revealed by the Municipality of ... Read more

MoU between ”Housing” and its Korean counterpart to create 100,000 housing units

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Reading time: < 1 MinuteThe Ministry of Housing signed a memorandum of understanding for joint cooperation in the field of housing with the Korean Ministry of Land, Transport and Infrastructure last week in Seoul in implementation of the directives of the Custodian of the Two Holy Mosques to accelerate the construction of housing units in short times. The Ministry of Housing said in a statement: »This memorandum aims to ... Read more

Joint Business Forum lays out 10 initiatives to build a foundation for economic and commercial cooperation between Saudi Arabia and the U.S.  

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Reading time: 2 MinutesThe fourth Saudi-U.S. Business Forum resulted in 10 key initiatives that strengthen and support the Saudi-U.S. strategic partnership for the 21st century, which came in line with the results of the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz to the United States in September 2015, and will serve as the main base on which to build relationships ... Read more

During the Joint Business Forum. No difference or exception between U.S. and Saudi investors in facilities and incentives

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Reading time: < 1 MinuteMinister of Commerce and Industry Dr. Tawfiq Al-Rabeeah reiterated that the facilities provided by the ministry to American investors to enter the Saudi market are the same facilities provided to Saudi companies, indicating that investment in the industrial sector offers various incentives such as industrial lands in all regions of the Kingdom and financing for industrial projects that reach 75% of the total investment, so any facilities available to the Saudi investor ... Read more

Minister of Commerce describes the fourth Saudi-US Business Forum as the most important economic support mechanism

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Reading time: 2 MinutesMinister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah yesterday inaugurated the fourth Saudi-US Business Opportunities Forum, which was held in Riyadh under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may Allah protect him - and organized by the Ministry of Commerce with the participation of a number of decision makers and senior government officials and a number of businessmen and women from both friendly countries, in ... Read more

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