Month: August 2016

“Entema Real Estate signs an exclusive contract to lease the Times Center building in Al Olaya, Riyadh

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Reading time: < 1 Minute  Intima Real Estate Services has signed an exclusive leasing agreement for the Times Center office and commercial building, located on Al-Olaya Street across from Kingdom Tower in Riyadh—one of the latest projects by GATE Properties (GATE Properties), which specializes in developing luxury commercial and residential real estate in the region. For his part, Engineer Ammar Abdulaziz Sindi, Executive Vice President of Consulting and Valuation at Intima’a, confirmed … Read more

Medina Chamber and STC discuss sales development for SMEs

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Reading time: < 1 Minute  The Madinah Chamber of Commerce participated in a seminar organized by Saudi Telecom Company (STC), represented by its Business Sector, titled ”Sales Development for Small and Medium-Sized Enterprises” The event took place at the Le Méridien Hotel, where Eng. Abdullah Al-Mihna, Acting Vice President of Corporate Sales at STC, opened the seminar by emphasizing the important role that small and medium-sized enterprises play in the local economy. Al-Mihna also discussed the Business Sector’s efforts in … Read more

The Small and Medium Enterprises Authority welcomes the establishment of the “Fund of Funds” with a capital of (four) billion riyals

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Reading time: < 1 MinuteThe Cabinet’s decision to establish a holding fund named the “Fund of Funds” with a capital of (four) billion Saudi riyals was met with great satisfaction and support from a wide range of official and private economic entities. In this context, Dr. Ghassan bin Ahmed Al-Suleiman, Governor of the General Authority for Small and Medium Enterprises, affirmed that the Cabinet’s decision to establish a holding fund named the “Fund of Funds” with a capital of … Read more

Tourists spend 13 billion riyals ... Eastern Province launches (62) hotel projects in two years

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Reading time: 2 Minutes  Engineer Abdul Latif Al-Bayan, Director General of the General Authority for Tourism and National Heritage and Secretary of the Eastern Province Tourism Development Council, revealed that the Eastern Province will see the launch of approximately 62 hotel projects over the next two years, including 24 five-star projects, and 29 four-star projects. These will contribute to the qualitative leap the Eastern Province is experiencing in the tourism accommodation sector, driven by the growing number of … Read more

Hundreds of billions of dollars worth of construction investments in Saudi Arabia

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Reading time: 2 MinutesThe construction and contracting sector in the Kingdom is the largest in terms of investment and employment of the national workforce, with the value of investments reaching $680 billion, despite the presence of many obstacles in this sector, which have contributed to a decline in the number of companies over the past four years. The size of the sector and the significant role played by the construction sector… Read more

“Sharqiya enters the National Transformation Program by offering various service investments to the private sector

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Reading time: 2 MinutesThe Eastern Province Secretariat recently offered the first batch of its investment opportunities through public auctions, comprising 38 sites, The Secretariat, through the Director General of the Investment Development Department, Engineer Ziad bin Abdulkarim Al-Suwaidan, stated that most of this batch is directed toward the region’s land transportation sector. Service-related investments and markets: Al-Suwaidan confirmed that the General Directorate of Investment Development is currently preparing a group … Read more

Global real estate report predicts Riyadh's housing stock will rise to 1 million units

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Reading time: 2 MinutesAn international real estate report revealed trends in the Kingdom’s real estate market for the coming period, highlighting the role of the real estate sector in Vision 2030. The report indicated that the cities of Riyadh and Jeddah continue to experience a general slowdown in performance, indicating that the inventory of residential units in the capital will rise to one million units, while Jeddah’s inventory will remain unchanged. It also predicted that … Read more

Closed 1788 facilities. Ministry of Labor inspections result in the localization of 19,000 establishments in the telecommunications sector

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Reading time: 2 MinutesDecisions by the Ministry of Labor and Social Development regarding the Saudization of the telecommunications sector—which began 60 days ago—have resulted in the Saudization of 18,781 establishments in the telecommunications sector across various regions of the Kingdom. The Ministry of Labor’s decision stipulated that employment in the sector be limited to the sale and maintenance of telecommunications equipmentand their accessories to Saudi men and women, thereby contributing to the employment of young job seekers … Read more

The world's largest tourism and entertainment investments with international standards with three billion riyals

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Reading time: 2 MinutesThe Royal Commission in Jubail has begun implementing several mega-investments in the tourism sector as well as commercial projects, while other projects—with a combined total investment of approximately three billion riyals—have been completed and inaugurated, representing a genuine boost to the infrastructure in this sector. This comes inwith the Kingdom’s Vision 2030. Mega Projects: Several projects have been completed, the most notable of which are… Read more

Metro is a real estate catalyst. By : Almohannad Bin Mohammed Alsaeed

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Reading time: 2 Minutesيعتبر المترو من أحدث وسائل النقل الحديثة التي يقاس بها المجتمع الحضري لفوائده العديدة التي يرسمها في المدينة بنقله أعدادً كبيرة من الركاب, وهو من المشاريع التي لا تشوه المشهد العام لضخامتها بل تزيدها حيوية لان مسارات المترو هي أنفاق أرضية، تتخللها في بعض الأحيان مقاطع على سطح الأرض أغلبها جسور, ويعد مترو أنفاق لندن … Read more

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