Month: January 2017

The Ministry of Commerce launches its website to publish corporate resolutions and general assembly minutes

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Reading time: < 1 MinuteThe Ministry of Commerce and Investment has invited companies to take advantage of its newly launched service for submitting resolutions of partners and extraordinary general meetings via its website. The Ministry’s aim in launching this service is to implement and support e-government, improve the quality of services provided to beneficiaries, streamline procedures, and regulate the commercial and investment environment in the Kingdom. The service is part of the services provided by the Ministry in cooperation … Read more

“Engineers Authority” concludes 2016 with achievements that created a comprehensive shift in the engineering field professionally and academically

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Reading time: 4 Minutes  Dr. Jamil Al-Baqawi, Chairman of the Board of Directors of the Saudi Council of Engineers, stated that the past year saw numerous achievements and a significant leap forward by the Saudi Council of Engineers, through the many developmental steps it has taken, in accordance with the strategic transformation plan established by the current Board of Directors in line with the Kingdom’s Vision 2030. Four pillars in the achievement report, and the Authority’s plan is based on… Read more

The Conference on Investment and Financing for Educational Facilities Highlights Investment Opportunities and Innovative Financial Solutions

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Reading time: 2 MinutesWith the participation of Amlak Real Estate Newspaper, the “Conference on Investment and Financing for Educational Buildings” will kick off tomorrow, Tuesday, January 10. The event will feature six sessions as well as several workshops spread over two days at the Ministry of Education headquarters in Riyadh. For his part, Ahmed Al-Anzi, Chairman of the Conference Organizing Committee, explained that the event is open to all interested parties, in addition to the allocation of … Read more

Municipal Council invites Riyadh residents to an open meeting to discuss excavations Tomorrow, Tuesday

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Reading time: < 1 Minute The Riyadh Municipal Council has invited all city residents to attend an open forum following Isha prayer tomorrow, Tuesday, January 10, to discuss “the issue of construction excavations in Riyadh.” The meeting will be attended by the Chairman of the Riyadh Municipal Council, Eng. Abdullah Al-Omran, council members, representatives of service agencies, deputy mayors of Riyadh, heads of municipalities, the National Water Company, the Saudi Electricity Company, Saudi Telecom Company, Riyadh Traffic, and the Ministry of Transport, … Read more

“The Ministry of Municipal and Rural Affairs Directs Municipalities to Require Hydrological Studies Before Approving Residential Plans Within Urban Areas

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Reading time: < 1 MinuteThe Minister of Municipal and Rural Affairs, Engineer Abdul Latif bin Abdulmalik Al Sheikh, directed the secretariats to prepare, approve, and review hydrological studies in accordance with technical mechanisms, regulations, and review schedules, and to limit the acceptance of hydrological studies to consulting firms qualified in the field of hydrological studies and experienced in preparing them, while accepting applications from firms wishing to obtain qualification in this field and submitting these applications to the Ministry’s agency … Read more

Amlak Newspaper has been invited to participate... The Conference on Investment and Financing for Educational Buildings kicks off tomorrow... Tuesday

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Reading time: < 1 Minute  Mr. Abdulaziz Al-Issa, Editor-in-Chief of Amlak Real Estate Newspaper, has received an invitation to participate in the “Conference on Investment and Financing for Educational Buildings” tomorrow, Tuesday, January 10, at the Ministry of Education headquarters in Riyadh. The conference is organized by the Ministry of Education and the Building Development Company with the aim of strengthening partnership prospects between the public and private sectors in the field of educational facilities and buildings. Speakers at the conference, which will be opened by … Read more

In the presence of Amlak Newspaper. Real estate professionals at the “Wednesday Diwaniyah” in Riyadh emphasize: 2017 is an exceptional year for market recovery

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Reading time: 5 MinutesOn an exceptional evening filled with an atmosphere of love, connection, and camaraderie, the city of Riyadh witnessed one of its most memorable real estate events last Wednesday, January 4, 2017. The city’s chilly weather was warmed by the fervor of in-depth discussions on current economic issues, The businessmen who flocked to the Diwaniya were struck by the excellent arrangement, organization, and wonderful preparation of the venue, which was carried out by… Read more

Reports: 15% Downpayment Decision Boosts National Transformation Programs to Build One Million Housing Units

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Reading time: 2 Minutesوجد قرار مؤسسة النقد العربي السعودي (ساما) الذي صدر الخميس الماضي والقاضي برفع نسبة التمويل العقاري لتملك المساكن من 70 إلى 85% ارتياحاً وقبولا واسعاً من قبل المختصين والمواطنين والجهات الرسمية ذات العلاقة, وذلك لما يترتب عليه من تعزيز الحلول المدرجة لحل ضائقة الإسكان وانتعاش السوق العقاري. %30 استعصت على المواطنين وكانت السنتان المنصرمتان 2015 … Read more

The Saudi Arabian Monetary Authority raises home purchase financing to 85%

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Reading time: < 1 MinuteThe Saudi Arabian Monetary Authority (SAMA) announced an increase in the maximum limit for mortgage financing provided by banks to citizens for the purchase of their first home, The Authority has decided to implement the increase stipulated in Article (12) of the Executive Regulations of the Mortgage Financing System, raising the limit from 70% to 85% of the value of the first home, and this applies exclusively to citizens. For his part, the Governor of the Authority, Dr. … Read more

“Wafi reassures those involved in buying shoddy housing units

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Wafi-sale-on-plan

Reading time: < 1 MinuteEngineer Nayef Al-Rashid, General Supervisor of Investment and Real Estate Development at the Ministry of Housing, reassured all those involved in the purchase of housing units that do not meet specifications, standards, and quality requirements that the off-plan sales system (Wafi) serves as a guarantee for housing projects, as the system oversees the project’s completion stages, ensures proper execution for one year after delivery, and safeguards the rights of all parties. Engineer Al-Rashid revealed … Read more

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