Month: November 2016

A Restructuring of the Fund Is Coming Soon... New Measures to Address Waiting Lists at the Real Estate Development Fund

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Reading time: < 1 Minute  The Real Estate Development Fund is considering implementing new procedures to resume the disbursement of housing loans, which have been suspended for nearly a year and a half, with the aim of clearing all waiting lists over the next three years.  Well-informed sources indicated that the Fund is moving toward forming a partnership with local banks to process these applications in accordance with a number of guidelines, noting that these measures will be lifted following … Read more

With a Remarkable Turnout: The Safari Expo Concludes Its Innovative Events with the Participation of More Than 800 Exhibitors

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Reading time: < 1 Minute  The “Safari” exhibition, held recently at the Riyadh International Convention and Exhibition Center and organized by A’ali, with remarkable attendance and broad participation, drawing 45,000 visitors and showcasing more than 860 products and a number of Saudi innovations. The exhibition won the approval of its visitors, who flocked to the event over its three days, especially off-road enthusiasts, thanks to the diversity of … Read more

Starting tomorrow, Sunday. The Ministry of Labor incentivizes whistleblowers with 10% of the total value of the violation

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Reading time: < 1 Minute  The Ministry of Labor and Social Development has decided to award “cooperative” whistleblowers who report labor market violations through the “Together for Monitoring” app a financial reward of 10% of the value of the violation upon its collection. This will take effect starting tomorrow, Sunday, 6/2/1438 AH, when labor market violations can be reported via the “Together for Monitoring” app, available on the Apple and Android app stores. This was announced by the ministry’s official spokesperson, Khalid Aba … Read more

Prince Mohammed bin Saud bin Naif inaugurated the project Youssef Maroun Company completes the construction of DHL's new headquarters at Jeddah Airport

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Reading time: 2 Minutes  Prince Mohammed bin Saud bin Nayef bin Abdulaziz Al Saud inaugurated the headquarters of of DHL Express at King Abdulaziz Airport in Jeddah, which was constructed by Youssef Maroun Contracting Company to serve as the new headquarters for the company, considered one of the world’s leading providers of express delivery services. For his part, Youssef Maroun, General Manager of Youssef Maroun Contracting Company, affirmed … Read more

On-site monitoring of projects in Al-Qassim has reduced the number of stalled projects from 369 to 190

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Reading time: 2 Minutes Since its formation, the Field Committee for Project Monitoring in the Al-Qassim Region has succeeded in reducing the number of stalled projects from 369 stalled and partially suspended projects in the region to 190 projects, This was stated by His Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of the Al-Qassim Region. The Prince addressed the removal of obstacles and discussed… Read more

The Custodian of the Two Holy Mosques Will Preside Over the Fourth Arab Housing Conference This Coming December

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Reading time: < 1 MinuteUnder the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—the Ministry of Housing is organizing the Fourth Arab Housing Conference under the title “Activating Public-Private Partnerships to Develop the Housing Sector,” from 21–23 Rabi’ al-Awwal 1438 AH, corresponding to December 20–22, 2016, in Riyadh. His Excellency Majid bin Abdullah Al-Hogail, Minister of Housing, expressed his appreciation for the royal patronage… Read more

The Individual and Their Role in a Social Partnership

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One of the parks in Dammam Metropolis - Archive

Reading time: < 1 Minute“Dour Hospitality” entered into a community partnership with the “Insan” Charitable Society for Orphan Care at Dour Hospitality’s headquarters on Wednesday, 20/12/1437 AH, corresponding to 21/09/2016 AD. The agreement stipulates that Dor Hospitality will sponsor and support the activities and events organized by the association by providing the company’s facilities. To ensure greater effectiveness for the nonprofit sector, Dor Hospitality will… Read more

The Ministry of Justice Puts a Definitive End to the Suffering of 1,500 Shareholders in Al-Mukabbal

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Reading time: < 1 MinuteThe Ministry of Justice, represented by the Real Estate Contributions Department at the General Court in Riyadh, has put an end to the suffering of 1,500 shareholders in the Mutaib Al-Mubarak real estate contributions project, which had been stalled for ten years. The market value of Al-Mubarak’s share is estimated at 220 (two hundred twenty) million riyals, based on proof that he owns two-thirds of the disputed land in Medina, as the Department established that the previous transfer of title to his buyer was fictitious, and that … Read more

China's Gensler Tower named the world's best skyscraper

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Reading time: < 1 Minute  According to a report published by “News Atlas,” Emporis has named the “Gensler” Tower in Shanghai—which is the second-tallest tower in the world—the best in the world. The tower stands 632 meters tall and features a 120-degree twisted design to mitigate the effects of wind at this height; its construction cost is estimated at approximately $2.4 billion. The fleet remained … Read more

An official source at ”Housing” : Affordable mortgage program will not be available to everyone

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Reading time: < 1 Minute   Abdulrahman Al-Bakiri, the supervisor of mortgage financing at the Ministry of Housing, explained that the affordable mortgage program is not available to everyone, but only to those eligible for housing assistance, and those on the waiting lists of the Ministry of Housing and the Real Estate Development Fund, which include 15,% to 20,% of applicants. In an interview with “CNBC Arabia,” he said that … Read more

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