Month: December 2016

Alinma Bank announces new ATM banking services and solutions

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Reading time: < 1 MinuteAlinma Bank announced that it has provided a number of distinctive banking services, namely the renewal and replacement of Alinma mada and Alsharaka credit cards and the resetting of their PIN through selected ATMs spread across the Kingdom, as this service includes a selection of Alinma mada cards, which are classic, gold and platinum, in addition to ... Read more

Reports: Construction and raw material costs fall by more than 35% and a recovery in the housing market is expected

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Building-Construction-Materials

Reading time: 2 Minutes The current economic changes led to fluctuations in the building and construction markets during the last quarter of 2016, which affected the construction price map, which decreased significantly, as contractors attributed this change to the stagnation in the market for construction raw materials, which reached 40%, according to them. The cost of construction decreased 35% and in this context ... Read more

The Ministry of Finance is in the process of inventorying state real estate and amending its accounting system and annual depreciation

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Reading time: < 1 Minute The Ministry of Finance has revealed its ongoing efforts to inventory state lands and real estate, modify its accounting system, and calculate the annual depreciation of these properties to accurately reflect the state's financial position. According to the move, the traditional accounting system for calculating state assets will be shifted from the cash basis to the accrual basis (annual depreciation). In its budget statement, the ministry expected to finalize this initiative ... Read more

Saudi Housing Finance Company (Sahl) is a silver sponsor of the fourth Arab Housing Conference  

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Reading time: < 1 Minute  The Saudi Housing Finance Company (Sahl), in continuation of its track record of participation and attendance in various events that deal with the real estate finance, development and housing sector, participates as a silver sponsor in the fourth Arab Housing Conference, which is being held at the Rafal Kempinski Hotel in Riyadh under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, which ... Read more

The Saudi Investment Bank supports kidney failure patients through the “WOW” program”

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Reading time: < 1 Minute The Saudi Investment Bank (SAIB) revealed that it continues to implement its social responsibility programs by redeeming WOW points for members wishing to support the activities of the Prince Fahd Bin Salman Kidney Failure Care Association (KLANA), which aims to serve kidney patients and help them socially and medically by providing treatment and awareness programs in accordance with medical and technical standards. This comes as part of the bank's initiatives in responsibility ... Read more

Eastern Real Estate Restatex kicks off on January 15 amid high interest from all sectors

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Reading time: < 1 MinuteOn Sunday, January 15, the third edition of the “Eastern Real Estate Restatex” exhibition will kick off at the Dhahran Expo Center in the presence of government leaders in the region, officials of the Ministry of Housing, the Ministry of Commerce and Investment, the Eastern Province Municipality, the President and members of the Board of Directors of the Eastern Chamber, heads and members of the real estate and housing committees of the Chamber and a group of leaders of ... Read more

New municipal projects in Riyadh, Jeddah and Khobar signed for more than a quarter of a billion riyals

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Reading time: < 1 MinuteWith a total budget of more than a quarter of a billion riyals, Minister of Municipal and Rural Affairs Abdul Latif Al-Sheikh signed contracts for new municipal projects in Riyadh, Jeddah and Al-Khobar to maintain gardens, plantations, road networks and lighting. The projects in Riyadh focused on the maintenance of street lighting in the center of the capital, the maintenance of streets and sidewalks in western Riyadh (Arqa municipality), and the maintenance of streets and squares in northern ... Read more

Housing Minister praises the 2017 budget and emphasizes support for the fiscal balance program for low-income groups

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Reading time: 2 Minutes  Minister of Housing Majid bin Abdullah Al-Hogail extended his congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, His Royal Highness the Crown Prince, His Royal Highness the Deputy Crown Prince, and our dear homeland on the occasion of the issuance of the Kingdom's budget for 2017, stressing that the budget for 1438-1439 reflects the strength of the national economy and its ability to face various challenges, noting that it carries in ... Read more

Ministry of Housing boosts efforts to localize modern building technologies by signing more MoUs

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Reading time: 2 MinutesAs part of the Ministry of Housing's efforts to localize the latest technologies in the field of construction, Minister of Housing Majid Al-Hogail and Governor of the Saudi Standards, Metrology and Quality Organization (SASO) Dr. Saad bin Othman Al-Qasabi signed a technical cooperation memorandum today, on the sidelines of the fourth Arab Housing Conference, to enable and facilitate the transfer and localization of modern technologies for residential construction and materials and qualify the required technical competencies to ensure ... Read more

House of life step by step ... ( 47 ) ... Prepared by Majid Almuhaimeed

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Reading time: 2 MinutesWhen the carpentry work for the roof of the roof annexes is completed and cleaned well, the electrician determines the electricity points on the roof according to the electrical plan of the project (if the roof is horde), in case there are air conditioning vents in the roof, whether central or desert air conditioning, the air conditioning company is responsible for identifying these vents on the roof and placing the wooden box for these ... Read more

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