Month: August 2016

Products in Europe and America. Al Rajhi Decorative Company expands its branches in Qatar and the UAE

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Reading time: < 1 Minute  As part of its expansion strategy in the Gulf region, Al Rajhi Decorative Ironworks opened its first branch in Qatar in the village of Barwa in Al Wakrah, in response to growing regional and global demand for its services, and because of the company’s extensive experience, gained over a quarter of a century, which has spread throughout the Kingdom. The opening ceremony was attended by the company’s CEO, Engineer Mansour Al-Qahtani … Read more

Confirming the success of its marketing strategy, Al Mazini Real Estate has completed the sale of 801 units from the “Bawabat Al Sharq” villa project”

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Reading time: < 1 MinuteHamad and Ahmed Mohammed Al-Muzaini Real Estate Company Chairman Hamad bin Mohammed Al-Muzaini confirmed the success of the company’s marketing campaign for the sale of the “Gateway to the East” project, located east of Riyadh, noting that more than 801 of the 7,000 residential villas have been sold. He described this step as a new success for the company, explaining … Read more

Saudi Airlines boosts its fleet with 25 new airplanes for domestic flights

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Reading time: < 1 Minute  Saudi Arabian Airlines has expanded its fleet with 25 new aircraft from the latest models produced by Airbus and Boeing, including 21 wide-body aircraft, Saleh Al-Jasser, General Manager of Saudi Airlines, confirmed that this move is part of the company’s efforts to provide the necessary seating capacity to keep pace with the steady increase in travel demand and to strengthen Saudi Airlines“ role in serving the travel industry … Read more

Surveying 1285 islands that have the potential to attract tourists according to the Waterfront Development Strategy

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Reading time: 2 Minutes  Marine tourism constitutes an important and valued component of the Kingdom’s tourism sector, with the General Authority for Tourism and National Heritage confirming that it has prioritized the development and investment in the Kingdom’s marine destinations and islands from an early stage. The Authority had prepared a strategy for the development of the Red Sea region in its first version, focusing on the unspoiled islands along the western coast, which includes a number of … Read more

Cityscape Global Dubai welcomes floating home developers Azerbaijan's projects are attracting investors

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Reading time: 2 Minutes  Participating companies and exhibitors have finalized their preparations for Cityscape Global, which will take place under the specialized sponsorship of Amlak Real Estate Newspaper from September 6–8 at the Dubai World Trade Centre. The event will host a large number of international, regional, and local companies showcasing their latest residential and commercial real estate projects. The first floating residential project and the exhibition features… Read more

“Jabal Omar” Signs Strategic Partnership Agreement with Bin Dawood Group

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Reading time: < 1 Minute  Under a joint cooperation agreement and strategic partnership covering future projects, Jabal Omar Development Company has signed a contract with the Bin Dawood Group, under which the lease agreement for the Bin Dawood Group’s retail and food stores within Jabal Omar Development Company’s markets will be renewed for a period of five years. The contract was signed on behalf of Jabal Omar by its CEO, Mr. Yasser bin … Read more

Residents of Mecca are renting out their apartments and homes to pilgrims for 1,000 riyals per day

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Reading time: 2 Minutes  Real estate activity in Makkah has increased as a result of the high demand in the residential sector, which surges every Hajj season, with real estate offices currently seeing brisk activity in signing and notarizing contracts for the rental of homes and apartments by Mecca residents to pilgrims arriving from some Gulf countries and regions of the Kingdom, while others have turned to websites and social media platforms… Read more

Ministry of Housing begins field work on Dammam South, North and Qatif projects

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Reading time: < 1 Minute  The Ministry of Housing announced that the contractors for the South and North Dammam projects have begun actual construction of the units, following the handover of all designated construction sites to the companies. Dr. Bandar Al-Abdulkarim, the ministry’s official spokesperson, explained in this context that the companies have also begun constructing residential units in the Qatif Al-Badrani project following the completion of all interior work on the project. Al-Abdulkarim stated … Read more

White land disposal leads the real estate index with nearly 717 million meters sold during the third quarter

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Reading time: 2 MinutesDuring the third quarter of the current Hijri year 1437, the Kingdom’s real estate market witnessed significant activity in the sale of undeveloped land, with the total area of land sold reaching 716,818,571 square meters, an increase of more than 2,341,000 square meters, of which the residential sector accounted for 666,166,093 square meters, while the commercial sector accounted for 50,652,478 square meters. The total number of plots sold was 52,445, comprising both commercial and residential properties, with a total value of … Read more

Riyadh Development Authority: 75 stalled housing projects in Riyadh worth 1.2 billion riyals

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Reading time: < 1 MinuteA recent report revealed that there are 75 delayed and stalled housing and public services projects in the Riyadh region, with a total value of 1.2 billion riyals, while the total number of delayed and stalled projects reached 671, with a cost of approximately 57.4 billion riyals. The Riyadh Region Project Monitoring Program at the High Commission for the Development of Riyadh City revealed the reasons for the delays and setbacks, including changes in the scope of work and limited capacity … Read more

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