Month: November 2016

Saudi Arabia's stock market records highest trading value in seven months

by

Reading time: < 1 Minute The stock market index rose after falling for three consecutive sessions, closing up 1.6 % at 6,602 points, a gain of 105 points, amid active trading with a total value of about 7.4 billion riyals, the highest in seven months. Today’s market rally coincides with yesterday’s rise in oil prices by about 4 % following statements regarding the possibility of … Read more

The Custodian of the Two Holy Mosques to Inaugurate Ras Al-Khair City... Next Week

by

Reading time: < 1 MinuteNext week, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, may God protect him, will inaugurate the city of Ras Al-Khair, a city located on the coast of the Arabian Gulf, which houses massive industrial complexes producing phosphate fertilizers, as well as an alumina refinery and an aluminum smelter, as part of the state’s focus on the mining sector as a source of revenue for the Kingdom. This was explained by Engineer Khalid bin … Read more

World's tallest residential tower unveiled in New York

by

Reading time: < 1 Minute Last week, real estate developers unveiled the world’s tallest residential tower at “Dean 461” in Brooklyn, New York City. The 32-story building stands 109 meters tall. This tower is characterized by its efficiency, cost-effectiveness, and sustainability; it was built in a short period of time, and the residential units are equipped with windows featuring steel frames … Read more

Minister of Housing: We Need 9,000 Units a Month to Solve the Housing Problem

by

Reading time: < 1 MinuteHousing Minister Majid Al-Hogail revealed that a radical solution to the housing problem lies in the Ministry of Housing working to provide 9,000 housing units per month.  Speaking on the sidelines of the Real Estate Industry Forum organized by King Saud University, Al-Hogail explained that the current issue is the homeownership rate, not the number of housing units available on the market, noting that recent statistics from the Electricity Company confirmed that … Read more

The King to Inaugurate Ministry of Housing Projects in the Eastern Province... Next Saturday

by

Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, will inaugurate Ministry of Housing projects in Al-Ahsa Governorate next Saturday, comprising 100,000 housing units. The Custodian of the Two Holy Mosques is scheduled to begin a visit to the Eastern Province starting tomorrow, Thursday, to inaugurate a number of development projects, including the city of Ras Al-Khair. A Cabinet meeting will also be held … Read more

Fourth Gulf Laboratory Competence Conference kicks off in Riyadh

by

Reading time: < 1 MinuteThe 4th Gulf Conference on Laboratory Competence kicks off today, Tuesday, in Riyadh, under the patronage of Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment, and organized by the Gulf Cooperation Council Standardization Organization in collaboration with the Saudi Standards, Metrology and Quality Organization and the Gulf Accreditation Center. The conference will be held at the Standards Organization’s headquarters in Riyadh and will continue through tomorrow. The event will feature … Read more

Saudi Banks Renew Warning to Customers About Financial Fraud Schemes

by

Reading time: < 1 Minute Saudi banks have renewed their warnings to customers about financial fraud schemes carried out through various methods, launching the eighth edition of their “Don’t Spill the Beans” awareness campaign under the slogan “#—Don’t Give It Away,” warning bank customers against disclosing their bank account information under any circumstances. The campaign aims to raise awareness among all members of society in general, and bank customers in particular, about the best practices for using these channels … Read more

International companies express interest in implementing Ministry of Housing projects in Saudi Arabia

by

Reading time: < 1 Minute  More than 11 international real estate development companies have expressed interest in participating in the Ministry of Housing’s public-private partnership program to carry out projects in various regions of the Kingdom. This was revealed by Nayef Al-Rashid, advisor to the Minister of Housing and general supervisor of the Real Estate Investment and Development Program, who explained that these companies are bidding on projects located on land owned by both the Ministry and the private sector, … Read more

The "Big Five" Exhibition Kicks Off in Dubai with More Than 3,100 Exhibitors

by

Reading time: 2 Minutes His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, officially opened the 37th edition of The Big 5 exhibition—which shares its venue with the Middle East Concrete (MEC) and PMV Live exhibitions—yesterday, Monday. Thousands of construction industry professionals gathered at the Dubai World Trade Center to discover new and innovative construction products from … Read more

The Ministry of Finance Begins Posting the Names of Contractors Eligible for the Second Round of Payments

by

Reading time: < 1 MinuteTwo weeks ago, the Ministry of Finance began posting the names of the second batch of construction companies eligible for payment—those working on government development projects—on the Ministry’s website. The names will continue to be posted through the end of this month, and the process is expected to be completed by the middle of the coming month of Rabi’ al-Awwal. This was revealed in a press statement by Fahad Al-Hammadi, chairman of the National Contractors Committee, who explained that the majority of … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.