Month: April 2016

With the participation of national engineers. 63 % Achievement of the Custodian of the Two Holy Mosques Engineering and Expansion Project

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Reading time: < 1 MinuteThe size of the increase in the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz project related to the expansion of the Grand Mosque has reached 63% of the original project size, after the completion of 400 million hours of work on the expansion. He explained M. The Ministry of Finance's representative and chief engineer explained that the increase in the size of the majlis from 35,000 to 107,000, noting ... Read more

Real estate is not a piece of cheese. Abdulaziz al-Issa

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Reading time: 2 MinutesRecently, there has been a wave of protests broadcast by some on social media calling for boycotting the purchase of real estate due to their mistaken belief that the collapse of the real estate market is imminent on backgrounds that have not been calculated on the scale of rationality, discernment and perception beyond the first look at decisions and regulations and reading them correctly and correctly. Some are leading this campaign and dedicating their time, friends and acquaintances from ... Read more

More than $74 billion in trade between Saudi Arabia and the United States

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Reading time: < 1 MinuteThe volume of trade exchange between Saudi Arabia and the United States has increased from $26 billion to more than $74 billion over the past ten years. Dr. Bashir bin Mohammed Al-Ghuraydh, Executive Director and Secretary General of the Saudi American Business Council, said that the Kingdom is now America's 12th trading partner, while the U.S. is ... Read more

1.5 million square meters of state property recovered by Al-Jouf Emirate

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Reading time: < 1 MinuteDuring the past two weeks, the encroachment committee at the Emirate of Al-Jouf achieved a tangible achievement under the follow-up of Prince Fahd bin Badr of Al-Jouf, which was represented in the recovery of more than one million and 500 thousand square meters of agricultural land for the benefit of state property in Sakaka, after some citizens encroached on it and tried to acquire it by irregular means. The lengths of the removed earthen obstacles amounted to ... Read more

Deputy Crown Prince reveals the launch of the Kingdom's “Future Vision” plan

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Reading time: 2 MinutesDeputy Crown Prince Mohammed bin Salman revealed that Saudi Arabia will announce a comprehensive plan to prepare the kingdom for the post-oil era on April 25. This came during an interview with Bloomberg last week, explaining that the «Future Vision of Saudi Arabia» will include many developmental, economic, social and other programs. One of the elements of this: One of the elements of this ... Read more

“Housing” launches “Ejar” system in its final form soon

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Reading time: < 1 Minute  The Ministry of Housing is preparing to launch the «Ejar» system in its final form in the coming period. A number of members of the Chamber of Commerce and Industry in the Eastern Chamber were briefed on the most prominent features of the system. The advisor to the Minister of Housing for the «Ejar» program, Engineer Mohammed Al-Batti, reviewed the most prominent aspects of the system, which aims to regulate the rental market in the Kingdom, in the presence of a number of members of the Chamber of Commerce from various ... Read more

Cabinet approves the organization of the General Authority for Small and Medium Enterprises

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - chaired the session of the Council of Ministers held recently at Al Yamamah Palace in Riyadh. After reviewing the recommendation of the Permanent Committee of the Council of Economic Affairs and Development No. (3-15/37/D) dated 5/27/1437H, the Council of ... Read more

Saudi Housing Finance Company “Sahl” participates in the Riyadh Real Estate and Housing Exhibition

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Reading time: 2 MinutesThe Saudi Housing Finance Company (SHFC) is preparing to participate in the next edition of the Riyadh Real Estate, Housing and Urban Development Exhibition “Restatex Riyadh 2016” as part of its track record of participation and presence in various events that are concerned with the real estate finance, development and housing sector which will be held at the Riyadh International Exhibition and Convention Center under the patronage of His Excellency the Minister of Housing, Mr. Majid Al-Hogail ... Read more

Auction to sell Dammam's Tanwei Industrial Scheme to be held on April 27

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Reading time: < 1 Minute  A consortium consisting of Ajlan & Brothers Group and Ammar Real Estate Company announced the sale of the Tannawiya Industrial Scheme, located in Dammam, west of the Second Industrial City, in a public auction on April 27, with an area of approximately 900,000 square meters. The Tannawiya Industrial Scheme has unique and diverse investment features, including the development of infrastructure, the establishment of diversified industrial centers, and the establishment and leasing of ... Read more

Secretary General of Arab Banks calls for increased financing for SMEs

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Reading time: < 1 MinuteThe Secretary General of the Union of Arab Banks, Wissam Fattouh, called on the financing bodies to promote the culture of small and medium-sized enterprises and support them, stressing that such projects fight the phenomenon of unemployment and create job opportunities and increase them if they find sufficient funding, revealing at the same time that there are more than 50 million unemployed in the Arab world. In his speech, Fattouh emphasized ... Read more

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