Month: April 2016

“Maktabaat Real Estate launches the second version of its website

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Reading time: < 1 MinuteMaktasbat Real Estate Company has launched its new website in its second edition with the aim of providing distinguished real estate services with high professionalism to meet the needs of its customers and fulfill their desires easily and conveniently. The website contains integrated sections with advanced technology and an advanced search engine that enables visitors to search for their requests from real estate offers. For his part, Nawaf Al-Sulaimi, General Manager of the company, emphasized that the site was designed to ... Read more

This is the fourth branch of its luxury suites. Aswar United prepares to open its most luxurious hotel product in Al Khobar

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Reading time: 2 MinutesAswar United Company continues its work to complete the Aswar Hotel Suites project in Al Khobar, which is its fourth branch in the Kingdom. The project contains 53 suites, coffee shop, gym and training center, as well as a children's playground, daily newspapers and free private parking, and is characterized by its strategic location in the city, located 7 minutes ... Read more

Discussing the most prominent solutions to the issues of valuation and real estate brokerage

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Reading time: < 1 MinuteThe Housing and Urban Development Committee at the Eastern Chamber of Commerce and Industry raised a number of topics that were discussed by the participants, most notably the support services for urban developers, represented in the issues of valuation, real estate brokerage and facilities management, and suggested coordinating a meeting with the competent authorities to review the latest findings of the draft regulations, including the real estate authority to be established. This came during the committee's third meeting, ... Read more

Minister of Industry inaugurates a number of industrial projects in Riyadh

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Reading time: < 1 MinuteWithin the framework of expanding the network of factories in Riyadh and developing the working environment in industrial cities, the Minister of Commerce and Industry, Dr. Tawfiq Al-Rabiah, in the presence of the Director General of the Industrial Cities and Technology Zones Authority (MODON), Engineer Saleh Al-Rasheed, recently inaugurated a group of service projects in the second industrial city in Riyadh, which are fully completed projects. The projects included a number of facilities, including a commercial and residential complex ... Read more

“Housing”: Our cooperation with South Korea is more positive and effective

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Reading time: < 1 Minute  The joint cooperation between the Kingdom and South Korea in the housing sector is effective and positive, and the memorandum signed with Korean companies to develop the housing sector in the Kingdom comes based on the agreement between the Ministry of Housing and the Korean Ministry of Land, Transport and Infrastructure, which was recently approved by the Council of Ministers to support feasibility studies projects and provide facilities ... Read more

In the Makkah auction ... . 110 million riyals expected proceeds from the sale of four units overlooking the Kaaba

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Reading time: < 1 MinuteReal estate entities and businessmen are awaiting the date of the auction in Makkah to offer four furnished residential units overlooking the Kaaba and the Grand Mosque on the fourth of next Shaaban. The first two residential units have an area of 190 to 195 m2 in the sixth tower of the Makkah Company project, and the other two units have an area of 235 m2 in the fourth tower and on the seventeenth floors ... Read more

Riyadh's residential neighborhoods evacuated from businesses and commercial establishments

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Reading time: < 1 MinuteThe Riyadh Region plans to activate the implementation of the decision to evacuate residential neighborhoods from companies, commercial institutions and activities that violate the approved land use regulations. This came during the presidency of Prince Faisal bin Bandar, Governor of Riyadh and Chairman of the Higher Committee for the Development of Riyadh City, during the meeting, which discussed a number of topics of interest to the city and its citizens, which have been ... Read more

50,000 jobs to be created by the King Salman Bridge between Saudi Arabia and Egypt

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Reading time: < 1 MinuteThe King Salman Bridge project, which connects the Kingdom to Egypt, will provide more than 50,000 direct and indirect job opportunities for citizens of the two brotherly countries. He attributed the large number of expected jobs to several reasons, including the fact that there are direct jobs in the bridge and in the organizations working in it, in addition to ... Read more

“Real Estate Contributions” ends the 20-year stalemate and prepares to sell the “Shalala“ contribution“

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Reading time: < 1 MinuteLast week, the Real Estate Contributions Committee at the Ministry of Commerce and Industry ended the 20-year stalemate of Al-Shifa Mall in Riyadh, where the committee held its third auction for the current year 2016, during which it sold the plots located in Al-Azizia neighborhood of Al-Shifa Mall, and the auction organized by the committee's secretariat was held in a hall for events near the scheme. The committee stipulated ... Read more

”Trade” cancels the decision to require factories to register 25 % of total funding

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry has canceled the decision to require factories to register 25 percent of the total financing as capital in the commercial register to facilitate and simplify procedures in issuing industrial licenses and improve the investment environment. This comes within the framework of the state's policy to promote economic activity and the Ministry's keenness to facilitate and simplify industrial licensing procedures and remove any obstacles that may affect ... Read more

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