Month: January 2017

Riyadh to host “Localization of Services and Products” exhibition in early April

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Reading time: < 1 MinuteWith specialized media sponsorship from Amlak Real Estate Newspaper, Riyadh will host the “First Saudi Exhibition for the Localization of Services and Products” 2017 on April 4, 2017, which will run for three days at the Riyadh International Exhibition and Convention Center.  Organized by Atouz Exhibition and Conference Organization, the exhibition brings together all national entities, establishments, agencies, and institutions from both the public and private sectors to participate in… Read more

Articles, Issue 118. Abdulaziz Al-Issa, Editor-in-Chief, writes: It's time to unshackle housing

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Reading time: 2 MinutesThe Ministry of Housing faces significant challenges in achieving a substantial portion of its goals to provide citizens with adequate housing at affordable costs, in line with this year’s state budget and the future plans outlined in the National Transformation Program 2020 and the Vision 2030, the Ministry of Housing must free itself from all constraints and restrictions in order to move forward toward strengthening a fruitful partnership with … Read more

Development Bank prepares to roll out new loan tranches

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Reading time: < 1 MinuteThe Social Development Bank, having finalized the bank’s new loan categories for social loans—which were previously announced by the bank’s Director General, Dr. Abdullah Al-Namla— to implement the new categories in January 2017. These categories will include a distribution system based on the individual’s repayment capacity, determining the installment amount and the requested loan amount, which shall not exceed … Read more

Emir of Makkah inaugurates development projects worth more than one billion riyals

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Reading time: < 1 MinuteDuring his recent visit to the governorates of Al-Kamil and Khulais, His Royal Highness Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of the Makkah Region, inaugurated four projects affiliated with Jeddah University’s Al-Kamil Branch, namely the construction of the perimeter fence, the administration building, the preparatory year program, and the College of Computer Science and Information Technology building in the female students’ section. His Highness also launched 11 projects affiliated with the Al-Kamil Municipality, including … Read more

On the second anniversary of the sale, citizens celebrate and renew their allegiance and obedience to the Custodian of the Two Holy Mosques

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Reading time: 3 Minutes The Kingdom of Saudi Arabia, both its government and people, is celebrating the second anniversary of the accession to the throne of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—which falls on January 7, 2017, During which the people renewed their pledge of allegiance, loyalty, and devotion, and celebrations took place throughout the Kingdom, with the streets of major cities adorned with images of the wise leadership—a display that underscores the strong bond between the leadership and the people. Loyalty and devotion were reaffirmed by His Highness… Read more

Despite increased demand, real estate transactions fall to more than 22 billion riyals

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Reading time: < 1 MinuteThe value of real estate transactions during the month of Rabi’ al-Awwal 1438 AH fell to 22.14 billion riyals, a 14 % decline compared to the same month last year, according to the Ministry of Justice’s monthly indicators.Accordingly, the value of real estate transactions since the beginning of the year 1438 AH has reached 59.5 billion riyals, compared to 79.6 billion riyals, representing a 25% decrease. The transactions were distributed … Read more

Riyadh Development Authority releases map of metro stations and highlights the most important intersections

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Reading time: 2 MinutesThe Riyadh Development Authority has released a map of the metro stations along its six lines, color-coded according to the approved routes. The map includes intersections highlighting key and strategic stations along the routes; these transfer stations allow passengers to switch from one line to another.  The Financial District, located between the Al-Sahafa neighborhood and King Fahd, is the most important of these stations, as it is where three lines—blue, yellow, and purple—converge. … Read more

“SABIC transfers its expertise and futuristic solutions to the Ministry of Housing through a Memorandum of Understanding

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Reading time: < 1 MinuteTo enhance the performance of the Ministry of Housing and facilitate its role in coordinating joint efforts, Prince Saud bin Abdullah bin Thunayan Al Saud, President of the Royal Commission for Jubail and Yanbu and Chairman of the Board of Directors of (SABIC), and Majid bin Abdullah Al-Hogail, Minister of Housing, signed a memorandum of understanding aimed at transferring the company’s expertise to the Ministry. Prince Saud said: “This strategic cooperation aims to develop an important and fundamental sector of … Read more

“Restatex Sharqiya Real Estate Exhibition” kicks off on January 15 under the patronage of the Emir of Sharqiya

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Reading time: < 1 Minute  With broad participation from institutions in both the public and private sectors, the proceedings and events of the third edition of the “Eastern Region Restatex Real Estate Exhibition” will kick off on the morning of Sunday, January 15, at the Dhahran Expo Center. The event will be attended by regional government leaders, officials from the Ministry of Housing, the Ministry of Commerce and Investment, and the Eastern Province Secretariat, as well as the chairman and board members of the Eastern Province Chamber of Commerce, the chairs and members of the chamber’s real estate and housing committees, and a select group of … Read more

The 2017 Facilities and Infrastructure Management Exhibition will kick off in the middle of this month in Jeddah

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Reading time: < 1 MinuteIn mid-January, the city of Jeddah will host the Facilities and Property Management Exhibition, which will run through the 17th of the month at the Jeddah Convention and Events Center. The exhibition covers all aspects of facilities and real estate management, including environmental and energy management, information technology systems management, facilities management, maintenance services, security, health and safety, and sustainability.  The exhibition attracts a large number of product suppliers from the air conditioning, flooring, and door sectors… Read more

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