Month: November 2016

King Abdullah Economic City offers residential lands in Al Murooj neighborhood

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Reading time: < 1 MinuteKing Abdullah Economic City announced the offering of 235 residential lots designated for the construction of villas in the “Golf 3” area, located in the “Al-Murooj” neighborhood, during November 3–5 of this year at the Jeddah Hilton Hotel. King Abdullah Economic City explained in a statement that the plots range in size from 700 square meters to more than 1,000 square meters, in addition to the availability of … Read more

The Secretary of Jeddah Province Opens the Seventh Edition of the Jeddah Urban Development and Real Estate Investment Exhibition

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Reading time: 3 MinutesThe Jeddah Urban Development and Real Estate Investment Exhibition officially kicked off yesterday (Wednesday), with support from Cityscape, His Excellency Dr. Hani bin Mohammed Aburas, Governor of Jeddah, opened the exhibition’s seventh edition in the presence of a group of dignitaries, decision-makers, and leaders of the real estate industry in the Kingdom, as well as representatives from local, regional, and international media outlets. This year’s exhibition highlights … Read more

Saudi Investment Company (SAIC) signs integration agreement with cycling sports sector

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Reading time: < 1 Minute The Saudi Investment Bank has signed a partnership agreement with the Saudi Cycling Federation, aimed at promoting cycling and supporting efforts to advance the sport, most notably by utilizing the «Flex Bike» stations established by the bank, which are the first of their kind in the Kingdom. The agreement covers several provisions, the most important of which is a comprehensive partnership with the «Saudi Cycling Federation» to combine efforts to serve … Read more

A Specialized Workshop to Educate Investors in the Real Estate Sector on Anti-Money Laundering Regulations

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Reading time: < 1 MinuteThe Ministry of Commerce and Investment, in collaboration with the National Real Estate Committee of the Council of Saudi Chambers, hosted a workshop to brief and educate real estate investors and real estate brokers on the anti-money laundering system, the efforts being made to combat this crime, and the requirements for the next phase. The event was attended by Hamad Al-Shuwayer, Chairman of the National Real Estate Committee, and a number of committee members from various regions of the Kingdom. Engineer Muhammad … Read more

The General Supervisor of the Ministry of Housing’s Agency for Housing Support and its Branches Receives the Governor of the General Organization for Technical and Vocational Training

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Reading time: < 1 MinuteHis Royal Highness Prince Saud bin Talal bin Badr Al Saud, Advisor and General Supervisor of the Ministry’s Agency for Housing Support and Branches, at his office at the Ministry’s headquarters. They discussed areas of cooperation between the Ministry of Housing and the General Organization for Technical and Vocational Training, and reviewed the most notable … Read more

Al Ahli Bank strengthens its leadership locally and regionally by winning two e-banking awards

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Reading time: < 1 MinuteAl-Ahli Bank has strengthened its leadership position locally and regionally in the banking sector following its recent win of two awards: “Best Bank for Corporate Digital Services in the Kingdom” and ”Best Digital Channel for Corporate Banking in the Middle East and Africa,” presented by Global Finance, a publication specializing in finance and banking. These awards were part of the 2016 list of the world’s best banks providing digital services, which was … Read more

Chairman of the Housing Committee of the Jeddah Chamber : The year 2017 will witness a major development and construction movement for white spaces

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Reading time: < 1 Minute   The chairman of the Housing Committee at the Jeddah Chamber of Commerce,Engineer Khalid Saeed Bashweir, predicted that 2017 would see significant development and construction activity in the 100 million square meters of undeveloped land—which has access to all services—within the urban area across all parts and neighborhoods of Jeddah, noting that 25% of this area will be developed to avoid paying the fees levied on their land in the event that … Read more

Riyad Bank Lends 152.6 Million Riyals and Reports Profits of 3.05 Million Riyals Through the End of Last September

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Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteRiyad Bank Chairman Rashid Al-Rashid confirmed that the bank posted a net profit of 3.049 million riyals for the nine-month period ending September 30, down 4.7% from the same period a year earlier, Net commission income also rose to 3.948 million riyals, compared to 3.836 million riyals, an increase of 2.9%. He added that total operating income reached 5.869 million riyals, … Read more

“Saudi Real Estate” Shapes the Diplomatic Quarter and Expands Its Residential Apartment Construction

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Reading time: < 1 MinuteThe Saudi real estate company plans to build and construct 21 residential buildings containing 68 apartments of various sizes, featuring special architectural specifications and high-quality construction, to be built on land with a total area of 14,876 square meters, This follows the company’s success in designing, constructing, and beginning to lease 295 residential units in the Diplomatic Quarter—consisting of single-family and twin villas—which have been in high demand… Read more

Prince Faisal bin Salman patronizes the city's entrepreneurship meeting

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Reading time: < 1 MinuteUnder the patronage of His Royal Highness Prince Faisal bin Salman bin Abdulaziz, Governor of the Madinah Region, the Knowledge Economic City concluded the eighth edition of the Advanced Program for the Development of Leadership and Management Skills for Senior Executives, an initiative of Nama’ al-Madinah for the Development of Young Professionals. Engineer Khalid Talmasani, the executive director, stated that at the conclusion of the program, the institute held a meeting for leaders titled … Read more

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