Guidelines have been issued to establish a State Lands Committee to develop policies and mechanisms regarding government-owned land

Reading time: < 1 MinuteSources close to decision-making circles have reported that directives have been issued by higher authorities to establish a State Land Committee, comprising eight government agencies, to work toward several objectives, including: formulating general policies regarding state land affairs and the plans and programs necessary for their implementation; proposing new draft regulations and amendments to existing regulations related to land affairs; and preparing procedures … Read more

The Statistics Authority reveals that 2.2 million homes are owned by citizens and 1.2 million are rented

Jeddah Real Estate - Real Estate Index

Reading time: < 1 MinuteThe General Authority for Statistics revealed that approximately 63% of all Saudi-owned homes are owner-occupied, equivalent to 2.2 million homes across various regions of Saudi Arabia. According to 2016 data, these homes are distributed among 21.3 million Saudi individuals, noting that the total number of homes in Saudi Arabia occupied by Saudi families amounts to approximately 3.4 million homes. This information was provided through statistical data published by … Read more

618 Saudi companies operating in Qatar, and serious efforts to solve all investment obstacles

Reading time: 2 Minutes  Saleh Al-Sharqi, Director General of the Qatar Chamber of Commerce, revealed that there are 618 Saudi companies operating in Qatar, estimating the number of Saudi companies operating in Qatar at 315, with 100% Saudi capital, while the number of Saudi companies with Qatari partners stood at 303, with a total capital of 1.23 billion Qatari riyals. Saleh Al-Sharqi confirmed during the press conference that … Read more

Al-Ahli Capital launches a 647 million riyal real estate fund to build hotel towers in Mecca

Reading time: < 1 MinuteAl-Ahli Capital Launches a 647 Million Riyal Real Estate Fund to Build Hotel Towers in Mecca Al-Ahli Capital plans to construct three hotel towers and a shopping center covering an area of 10,000 square meters, and then lease and sell them in accordance with the fund’s approved investment strategy. This is part of the policy adopted by the Al-Ahli Hospitality Fund in Makkah, which was recently launched with a capital of … Read more

Amlak surveys (1-3) ... Participants in the Saudi Construction Show 2016: The future belongs to the smart investor and they are optimistic about 2017

Reading time: 3 MinutesWith a large turnout of visitors, private sector companies, and interested parties, the Saudi Construction Exhibition 2016 continues. The event kicked off last Monday evening and runs through today, Thursday, October 20, 2016, at the Riyadh Exhibition and Convention Center. There was significant engagement on the second and third days, which saw a steady and lively flow of visitors eager to learn about the latest developments in the world of construction. According to the monitoring and coverage by the Amlak press team… Read more

Sheikh Hamdan bin Rashid reviews STC's latest services at GITEX 2016“

Projects

Reading time: < 1 MinuteSheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, visited the Saudi Telecom exhibition currently taking place as part of “GITEX 2016,“ and took a special interest in the ”Inspireo STC” incubator and the company’s leading role in supporting startup projects across the Kingdom and the Middle East. During the visit, he listened to a brief explanation from the exhibition organizers regarding … Read more

Riyadh Chamber: Our interest in the exhibitions and tourism sector to boost the national economy and achieve Vision 2030

Reading time: < 1 MinuteMr. Majid Al-Hakair, Board Member, Chairman of the Board of Directors of the Riyadh International Convention and Exhibition Center, and Chairman of the Tourism Committee at the Riyadh Chamber of Commerce, affirmed the Committee’s commitment to strengthening and updating the agreements and memoranda of understanding it has concluded with sectors related to the tourism industry, foremost among which is the General Authority for Tourism and Heritage, in line with the requirements of the current phase in which the Kingdom is moving toward achieving its vision… Read more

The Endowments Committee of the Riyadh Chamber of Commerce and Industry emphasizes the development of the sector and the expansion of its projects

Reading time: < 1 Minute  Mr. Abdullah Fahd Al-Ajlan, a member of the Board of Directors and Chairman of the Endowments Committee at the Riyadh Chamber of Commerce, revealed that the committee will work to encourage the expansion of endowments and to collaborate and coordinate with relevant authorities—primarily the Endowments Authority—to develop legislation that achieves the objectives of the Prophet’s endowmentin serving society and to promote the values of Islamic solidarity and service to local communities. Abdullah Al-Ajlan explained that the Endowments Committee will seek to … Read more

The Ministry of Labor Begins Allowing Businesses to Enroll in the “Support Networks” Program”

Reading time: < 1 MinuteThe Ministry of Labor and Social Development has begun implementing enrollment in the Nitaqat Support Program, which allows newly established businesses seeking to expand to benefit from the Ministry’s services by making a financial contribution to support training and qualification programs for job seekers registered with the Human Resources Development Fund (Hadaf), thereby improving their standing within the program. Dr. Ahmed, Undersecretary for Labor Policies at the Ministry of Labor and Social Development, explained… Read more

Auction of the Shalala development in Riyadh fetches realistic prices and sells 29 lots in two hours

Reading time: < 1 Minute The Shalala project in downtown Riyadh proved to be a success, demonstrating the resilience of the real estate market. The auction featured 29 lots at competitive prices, ranging from commercial to residential properties. The plots were sold at an average price of 400 riyals per square meter, with the total value of the sold plots exceeding seven million riyals. The most expensive plot sold for 3,140 riyals per square meter and had an area of 15 square meters, distinguished by … Read more