Month: June 2016

Saudi banks granted 194 billion in real estate loans to individuals and companies during the first quarter

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Reading time: < 1 Minute  Real estate loans granted by commercial banks in the Kingdom to individuals by the end of the first quarter of 2016 increased by 11% to reach 106.3 billion riyals, while it amounted to about 95.6 billion riyals during the same period last year, while the total real estate loans granted to individuals and companies amounted to about 193.7 billion riyals. According to a report prepared by Arqaam, the loans ... Read more

Ajlan Al-Ajlan emphasizes the role of chambers of commerce in leading the national transformation according to Vision 2030

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Reading time: < 1 MinuteBusinessman Ajlan Al-Ajlan, who swept the Riyadh Chamber of Commerce and Industry elections for its 17th session by obtaining the highest number of votes (910 votes), raised his congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, His Royal Highness Crown Prince Mohammed bin Nayef Al Saud, and Deputy Crown Prince Mohammed bin Salman bin ... Read more

Najran Chamber elections ... . The list of merchants presents 14 candidates, and the industrialists with one candidate

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Reading time: < 1 Minute The Chamber of Commerce and Industry in Najran has submitted 14 candidates in the elections for the Board of Directors of the Chamber of Commerce and Industry in Najran, representing the list of merchants, while the category of industrialists nominated one member, as the Election Supervisory Committee announced yesterday the initial list of candidates for membership of the Chamber in its next session. According to Abdullah Al Mansour, Secretary General of the Chamber, “The election supervisory committee, which includes members of the Ministry of Commerce ... Read more

Medina Municipality grants 28 citizens residential plots and invites them to draw lots on Ramadan 8

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Reading time: < 1 MinuteThe Municipality of Medina called on 28 citizens who have been approved to grant them residential plots, to visit the main building of the Municipality on the road of Amir al-Mu'mininin Omar bin al-Khattab on Monday, Ramadan 8, from 1 pm to 3 pm, accompanied by their national ID and a copy of it, or the legal agency for the agents, and in the absence of ... Read more

Prince Khalid Al-Faisal reviews studies on the development of Al-Sahab Corniche in Taif

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Reading time: < 1 MinuteThe Higher Committee for the Development of Taif Governorate, headed by HRH Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques, Governor of Makkah Region and Chairman of the Higher Committee for the Development of Taif Governorate, recently reviewed the studies on the development of the area between Al-Huda and Al-Shifa (Corniche Al-Sahab) prepared by the Saudi Commission for Tourism and National Heritage (SCTH) and Taif Municipality, among a number of ... Read more

The Council of Economic and Development Affairs submits the National Transformation Program to the Council of Ministers

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Reading time: < 1 MinuteThe Council of Economic and Development Affairs decided to submit the National Transformation Program, which emerged from the Saudi Vision 2030, in its final form to the Council of Ministers to consider its approval, this came during the meeting held by the Council at Al Salam Palace in Jeddah yesterday evening under the chairmanship of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Deputy Crown Prince and Second Deputy Chairman of the Council of ... Read more

Population growth in Riyadh, Jeddah and Eastern Province challenges real estate projects A general decline in the number of transactions

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Reading time: 2 MinutesAs a result of the state of anticipation awaiting the real estate market and the general stagnation in the volume of sales, the paths of movement in the real estate economies, buying and selling, varied in various Saudi cities, but they agreed in the decline in the transactions executed during the first quarter of this year 2016 by 10% compared to the same period of last year 2015. The residential real estate market in Riyadh: With the increasing structure ... Read more

Worth 6.5 billion riyals, “off-plan sales” licenses more than 8800 housing units in Riyadh and Jeddah

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Reading time: < 1 Minute  With a total value of more than 6.5 billion riyals, the off-plan sales program of the Ministry of Commerce and Investment issued two licenses for the sale of real estate units on the map for two projects in Riyadh and Jeddah, with a total area of more than 6.5 million square meters, while the total real estate units for the two projects are (8887) units. The first project in Al Sharq Gate Location: East of Riyadh Area: (6,544,314,314)m2 ... Read more

UK pledges to provide facilities for companies specializing in construction and housing to enter the Saudi market

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Reading time: < 1 MinuteThe British Ambassador to Saudi Arabia, Simon Collis, confirmed that the British Embassy is ready to provide the necessary facilities for the program of visits of specialized companies working in the field of building, construction and equipping private housing units, and coordinate them with Saudi parties, and identify opportunities for companies in this field, including master plans, design and other required technical support. In the same vein, the British Ambassador ... Read more

Sharqiya sources confirm 70% of white land for sale, sales rate does not exceed 10%

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Reading time: < 1 MinuteAccording to economic reports, the supply of land has recorded a remarkable increase as the implementation of the regulation of the white land fees system approaches, but the percentage of sales did not exceed 10% of the supply. The reports confirmed that the volume of land supply in the Eastern Province amounted to 70% of the total white lands in the region, while the implementation rate did not exceed ... Read more

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