Month: January 2017

Kingdom's airports transported 84 million passengers in 2016 through 640,000 international and domestic flights

by
King Abdulaziz Airport

Reading time: 2 MinutesThe General Authority of Civil Aviation, represented by the Kingdom’s airports, achieved steady growth in passenger numbers during 2016, with 84 million passengers departing on 640,000 flights from the Kingdom’s 27 international, regional, and domestic airports, of whom 43 million traveled on 350,000 domestic flights, and 41 million traveled on 290,000 international flights. … Read more

Saudi Fund for Development signs contracts to build 1265 housing units in Bahrain's Ramli Housing Project

by

Reading time: < 1 MinuteThe Saudi Fund for Development signed a contract with the Bahraini Ministry of Housing to build 1,265 D11-type housing units in the Al-Ramli Housing Project, at a cost of 56.7 million Bahraini dinars. The agreement was signed by Engineer Basem bin Yaqoub Al-Hamr, Minister of Housing, and representatives of the construction companies carrying out the project, in the presence of Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance, and the Ambassador of the Kingdom of Saudi Arabia… Read more

Saudi Organization for Certified Public Accountants: Next Tuesday is the deadline for Phase III disclosure

by
Electronic platform

Reading time: < 1 MinuteThe Saudi Organization for Certified Public Accountants has set next Tuesday, January 31, 2017, as the deadline for Saudi companies to disclose their progress in transitioning to International Financial Reporting Standards (IFRS) in accordance with Phase 3, which focuses on clarifying the following: Updates regarding what was disclosed in the first and second phases; whether financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and the periods covered by them… Read more

Banque Saudi Fransi launches women's identity to manage banking activities

by

Reading time: < 1 MinuteBanque Saudi Fransi has launched a special brand identity for its women’s banking services, which enables our female customers to manage their daily banking activities and meet the needs of their unique lifestyles. This initiative is part of Banque Saudi Fransi’s strategy to provide the best services to its customers and differentiate itself from its competitors.  The bank offers an exclusive banking services program for women with a new and unique identity, and for the first time in the Kingdom, it is providing offers related to … Read more

Real Estate Contributions Committee puts a 248.3 square meter land for sale in Jeddah

by

Reading time: < 1 MinuteThe Real Estate Contributions Committee at the Ministry of Commerce and Investment announced that a plot of land measuring approximately 248,300 square meters, located north of Jeddah near the Durat Al-Arous Resort, is being offered for direct sale. The committee noted that the land is 30 km from King Abdullah Sports City “Al-Jawhara Stadium,” 30 km. In a statement issued yesterday, Wednesday, the committee explained that the land is flat and measures 687 … Read more

The Ministry of Justice Returns 2.6 Million Square Meters of Land in Qatif Governorate to the State

by
Ministry of Justice

Reading time: < 1 MinuteThe Ministry of Justice recently returned a plot of land in Qatif Province to state ownership, with an estimated area of approximately 2,600,000 square meters, by revoking a deed that had been applied to the state-owned land. Press sources explained that the decision came after a comprehensive review of all aspects of the deed and the issuance of a court order to revoke the deed and have it invalidated at the Qatif Notary Public Office, given that the procedures for its issuance … Read more

Existing Home Sales in the U.S. Fall... Inventory Hits Lowest Level Since 1999

by

Reading time: < 1 MinuteRecently released data from the National Association of Realtors in the United States showed that existing home sales in the U.S. declined in December, against a backdrop of inventory falling to record lows, according to data released today. The statement noted that existing home sales fell by 2.8% in December to a seasonally adjusted annual rate of 5.49 … Read more

The “Wafi” off-plan sales program is launching a competition for the design, marketing, construction, and delivery of 9,049 residential units

by
Wafi-sale-on-plan

Reading time: < 1 MinuteThe “Wafi” off-plan sales program announced a tender for the design, marketing, construction, and delivery of residential units within multi-story residential buildings on Ministry-owned land. A statement from the Ministry of Housing indicated that the residential units are located in (Al-Kharj, Al-Ahsa, Khamis Mushait, and Tabuk) and include 9,049 apartments. The Ministry stated that those wishing to obtain the terms and specifications booklet, valued at … Read more

Saudi banks deny cyberattacks on their operational systems and customer accounts

by
Real estate loans

Reading time: < 1 Minute  Saudi banks have reassured all their customers, announcing that their accounts are safe from cyberattacks by the Shamoun 2 virus and ransomware. They confirmed that their operational systems and electronic applications have not been compromised or damaged. Talaat Hafez, Secretary-General of the Banking Media and Awareness Committee and spokesperson for Saudi banks, denied the news and rumors circulating on some social media platforms… Read more

Iraqis top the list of buyers in Turkish real estate, and Saudis are in second place

by

Reading time: < 1 MinuteThe number of units sold in Turkey reached approximately 1.341 million last year, compared to sales of 1.289 million units in 2015, representing a 4% increase, according to data released yesterday by the Turkish Statistical Institute (TurkStat). Istanbul remained at the top of the list, with sales rising by 17.3% to 232,000 homes, while sales in … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.