Month: January 2017

Real Estate Fund announces the largest batch of beneficiaries in its history next month

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Reading time: < 1 Minute Minister of Housing Majid Al-Hogail revealed that the Real Estate Development Fund plans to announce a new round of loans next month, which will be the largest in the fund’s 40-year history. He made these remarks in a press statement to Al-Iktisadiya TV, in which Al-Hogail confirmed that the fund had not stopped disbursing loans in 2016—20,000 loans were disbursed, but… Read more

Abu Dhabi Completes 5,592 Housing Units and 2,794 Buildings in Nine Months

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Reading time: < 1 MinuteAbu Dhabi completed 5,592 residential units during the first nine months of 2016, while the number of buildings stood at 2,794, A report released by the emirate’s Statistics Center revealed that the number of residential units completed in the emirate during the third quarter of 2016 reached 1,763, bringing the total number of residential units completed during the first nine months of 2016 … Read more

Eastern Province Municipality completes valuation of Qatif's Al-Masoura neighborhood and begins demolition

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Reading time: < 1 MinuteThe Eastern Province Municipality has completed all procedures for the appraisal of the Al-Masoura neighborhood in the Awamiya Municipality and finalized all regulatory procedures for its development. The Eastern Province Municipality announced that demolition of the Al-Masoura neighborhood in the Awamiya Municipality has begun. This project is one of the major development initiatives being implemented by the municipality in the Qatif Governorate and is overseen by the governorate’s municipal authority. The Director General of Public Relations and Media, who is also the official spokesperson, explained … Read more

To promote self-employment, the Riyadh Chamber of Commerce and Industry is supporting a number of youth entrepreneurship initiatives in the utilities and real estate sector

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Riyadh Chamber

Reading time: < 1 MinuteThe Riyadh Chamber of Commerce and Industry, represented by the Facilities and Property Management Committee—which is part of the Real Estate Committee—has approved a number of programs aimed at harnessing the potential of young people, which the committee seeks to implement, such as the “I Can,” which aims to promote a culture of entrepreneurship, encourage initiative, and motivate young people to create job opportunities and generate employment in the field of facilities and property management; and the “Empowerment” program, which aims to study regulations and bylaws … Read more

It has become a destination for Gulf tourism. Oman welcomes more than one million tourists in 2016

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Reading time: < 1 Minute  The National Center for Statistics in the Sultanate of Oman revealed that the country welcomed more than one million tourists last year, compared to 815,000 in 2015, Forecasts indicate that the number of tourists and visitors to the country will continue to rise, especially since Oman welcomes the holiday seasons by launching numerous recreational and exploratory tourism programs and activities amid the picturesque winter scenery for which it is known… Read more

“Sloane's Real Estate is exclusively marketing the Kingdom's real estate projects in London in partnership with Barclay's Group”

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Reading time: < 1 Minute“Solons Real Estate”—a subsidiary of the Al-Sabban Group—announced that it has secured the marketing rights for a number of real estate projects in the British capital, London. The company will market the “Paterce Rich” and ”Fulham Rich,” both located on the coast, over the next three years in the United Kingdom. This is in accordance with an agreement with the “Barkley” Group that strengthens the expansion of their existing partnership. And … Read more

A recent study: Half a million jobs await Saudi youth in e-commerce sectors by 2020

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Reading time: 2 Minutes75,000 jobs in e-commerce companies await Saudi youth in 2017, As for next year, 2018, the study revealed that employment rates at e-commerce platforms in the Kingdom will rise to 40% (200,000 jobs), The number of jobs between 2019 and 2020 is projected to reach 225,000, representing a 45 % increase, while 2020 promises … Read more

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