Month: October 2016

With the participation of a number of specialists and legal experts... “Housing” holds a workshop to discuss the draft of the real estate rental system

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Reading time: 2 Minutes  The Ministry of Housing held a workshop at its headquarters in Riyadh last Wednesday evening to discuss the draft of the real estate rental system, with the participation of a number of specialists and interested academics, real estate and legal experts. At the beginning of the workshop, the General Supervisor of Rental Sector Regulation at the Ministry of Housing, Engineer Mohammed bin Saleh Al-Batti, thanked the invitees for their interest in participating in the workshop to express their opinions ... Read more

Regulations do not cover new contracts. SAMA issues new regulations for restructuring mortgage loans

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Reading time: 2 MinutesIn line with the recent Cabinet decision to amend, cancel or suspend some allowances, allowances, bonuses and financial benefits on all government agencies, the Saudi Arabian Monetary Authority (SAMA) has directed banks and real estate finance companies to reschedule the loans of customers with real estate financing who are affected by the monthly income adjustment. The decision includes institutions, public bodies, funds and other persons ... Read more

Al-Ahsa governor directs speedy finalization of stalled contributions

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Reading time: < 1 MinuteAl-Ahsa Governor Prince Badr bin Mohammed bin Jalawi Al Saud discussed yesterday with the Secretary of the Real Estate Contributions Committee at the Ministry of Commerce in the Kingdom Hamza bin Abdulaziz Al Askar and Chairman of the Real Estate Committee of Al-Ahsa Chamber Khalid Al Saleh the obstacles related to the stalled contributions file in the governorate. Al-Askar explained that the meeting comes to communicate ”with government agencies and integrate in serving this file, as well as discuss with ... Read more

The Big 5 Construction Show in Dubai kicks off on November 21

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Reading time: < 1 MinuteThe Big Five Construction Exhibition will be held in Dubai from November 21 to 24 at the Dubai World Trade Center (DWTC). The exhibition is an ideal platform for business and networking in the construction industry, as it is considered the gateway to the construction markets in the Middle East and North Africa (MENA) region. The show provides exhibitors and visitors alike with the ... Read more

“Completion” for Real Estate Developer Services holds a training course to introduce the off-plan sales program

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Reading time: < 1 MinuteThe Developer Services Center, in cooperation with Wafi, the Ministry of Housing, will hold the first course to introduce the off-plan sales program during the period from 22-23 Muharram this month in Riyadh. The General Secretariat of the Off-Map Sale Program explained that the program designs and implements a number of training courses for employees of real estate development companies ... Read more

Al Masa Capital releases report revealing that profitable trades are flourishing as oil markets fluctuate

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Reading time: 2 MinutesLast week ended with oil prices in the $51-53/barrel range, as Middle Eastern markets remain in a wait-and-see mode. The pattern of the week, seen in most markets, pointed to weak trading activity, giving way to bargain hunters, according to Al Masah Capital Limited's report. Saudi Arabia's strong bond issuance success and... Read more

 150 specialized companies successfully conclude their participation in the International Machinery Exhibition

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Reading time: < 1 Minute The activities of the Saudi International Machinery and Machinery Exhibition concluded recently, which was inaugurated by the Undersecretary of the Emirate of Eastern Province, Dr. Khalid bin Mohammed Al-Batal, and organized by Gulf Sky Exhibitions from 17 to 19 October 2016, with the participation of 150 local and international companies specialized in this vital and important field from countries with experience in the machinery and machinery sector, and more than ... Read more

Contractors are encouraged by the Minister of Finance's announcement that they will soon be paid their dues

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Reading time: < 1 Minute Contractors and owners of companies implementing government projects praised the statements of the Minister of Finance Dr. Ibrahim Al-Assaf about the payment of dues to contractors implementing government projects, promising that the payment of these dues will increase in the coming period, dispelling the fears of workers in the contracting sector and creating a positive movement among them. For his part, Engineer Osama Al-Afaleq, Chairman of the Board of Directors of the Saudi Contractors Authority ... Read more

“EmiratesGBC holds its fifth annual conference today to chart the way forward

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Reading time: < 1 Minute The Emirates Green Building Council (EmiratesGBC) will hold its fifth annual conference today, Tuesday, October 25, bringing together leading thought leaders in the field of sustainability, under the theme “Future Emirates: A look back to the future”, under the patronage of the Ministry of Infrastructure Development. Local and international experts in various fields related to sustainable development have confirmed their attendance and participation in ... Read more

Custodian of the Two Holy Mosques patronizes the fourth Arab Housing Conference in December in Riyadh

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Reading time: 2 Minutes  Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Ministry of Housing will organize the Fourth Arab Housing Conference under the title “Activating the partnership between the public and private sectors to develop the housing sector”, from 21-23 Rabi Al Awwal 1438H, corresponding to December 20-22, 2016, in Riyadh. His Excellency the Minister of Housing, Majid bin Abdullah Al-Hogail, appreciated the sponsorship ... Read more

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