Month: May 2016

With the participation of more than 100 specialized companies, the security and safety exhibition in Sharqiya concludes its work

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Reading time: < 1 Minute  With the participation of more than 100 specialized companies representing eight countries, Al-Khobar Governor Sulaiman bin Abdulrahman Al-Thunayan inaugurated last week the 6th International Security and Safety Exhibition, organized by Dhahran International Exhibitions Company (“Dhahran Expo”)  at the company’s exhibition center in Al-Khobar, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, which kicked off … Read more

Export Authority's pavilion at Project Qatar features 38 Saudi companies

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Reading time: < 1 Minute  With the participation of 38 Saudi companies, the Saudi Export Development Authority its participation in the 13th edition of Project Qatar, held at the Doha Exhibition and Convention Center. The event featured 18 pavilions from 37 countries and attracted over 35,000 visitors, making it one of the world’s leading trade shows specializing in construction materials, equipment, and technology. The participation of Saudi companies took place under the umbrella of the Authority’s pavilion… Read more

Under the patronage of the Custodian of the Two Holy Mosques, Riyadh will host the Islamic Trade Fair next week

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Reading time: < 1 MinuteUnder the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, Riyadh will host the 15th Trade Fair of the Member States of the Organization of Islamic Cooperation (OIC), organized by the Ministry of Commerce and Investment in cooperation with the OIC, the Islamic Center for Trade Development, and the Council of Saudi Chambers, at the Riyadh International Exhibition andnext week from the 22nd to the 26th of … Read more

Red Sea Company builds residential complexes in Guinea with more than 15 million riyals

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Reading time: < 1 MinuteAt a cost of $4,033,712 (15,126,420 riyals) The Red Sea Housing Services Company signed a contract in mid-month to construct integrated residential complexes, build infrastructure, and provide services to house 1,100 employees of the Compagnie des Bauxites de Guinee in Guinea, with project implementation scheduled to be completed by next October. The financial impact of this project is expected to begin as of … Read more

Fahad Al-Qasim Appointed Chairman of the Board of Directors of the Saudi Center for Commercial Arbitration

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Reading time: < 1 MinuteThe Council of Saudi Chambers has issued a decision appointing Fahd bin Abdullah Al-Qasim as Chairman of the Board of Directors of the Saudi Center for Commercial Arbitration, succeeding Dr. Ziad bin Abdulrahman Al-Sudairi. Al-Qasim is considered one of the nation’s leading figures and distinguished administrative leaders in the fields of business, economics, and commercial arbitration, having held leadership positions in numerous companies, in addition to serving on the boards of directors of … Read more

“Electro plans to open a branch in Makkah after launching in Jeddah

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Reading time: < 1 MinuteElectro, a company specializing in advanced electronic devices (Electro), which specializes in the sale of home appliances and electronics, has announced its intention to open a showroom in Makkah, following the recent launch of its sixth showroom in the Kingdom and its first in Jeddah on Prince Sultan Road, south of History Square. The showroom will offer comprehensive services, including after-sales services such as appliance maintenance and replacement. On this occasion, Mr. Badr … Read more

Minister of Housing honors Riyadh Eye for sponsoring the Saudi International Real Estate Conference (SIRC4)

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Reading time: < 1 Minute His Excellency the Minister of Housing, Mr. Majed Al-Hogail, honored Ain Riyadh for sponsoring the 4th Saudi International Real Estate Conference (SAIREC 4), as part of the event that opened last Sunday at the Raffles Kempinski Hotel in Riyadh. Mr. Abdullah Al-Harbi, CEO of Ain Riyadh, accepted the commemorative plaque, emphasizing the importance of the mission embraced by the Ministry of Housing, both in terms of supporting planning and organization … Read more

GCC countries invest $1.6 billion in bottled water, with Saudi Arabia accounting for 79.2%

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Reading time: 2 MinutesIn a new report by the General Authority for Statistics on the sources of drinking water relied upon by the Kingdom’s residents, the Authority found that the largest percentage of the Kingdom’s population, estimated at 11.50 million people, relies primarily on bottled water, which accounts for 37.211% of the Kingdom’s total population of 30.77 million, while those relying on tap water came in second place… Read more

Ministry of Housing: “Ejar” program to facilitate rental transactions, prove them and enhance trust between the parties

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Reading time: 2 Minutes The Ministry of Housing, represented by the “Ejar” program, announced that it will submit the views of business owners, tenants, and landlords to the Council of Ministers in the coming period in preparation for the program’s final approval. This announcement came during a meeting between Engineer Mohammed Al-Bati, advisor to the Minister of Housing, and leaders of the Jeddah Chamber of Commerce in the boardroom, where the solutions to be offered by the new program were reviewed in the presence of the vice president… Read more

Chinese revive U.S. real estate market with $110 billion

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Reading time: < 1 MinuteA recent study revealed that Chinese nationals have spent approximately $110 billion in the U.S. real estate market (commercial and residential) over the past five years, making them the top foreign buyers of homes in the United States last year, as they sought to preserve their wealth in safe foreign assets. The study, published by the Asia Society and Rosin Consulting, explained that the strong buying trend among Chinese buyers… Read more

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