Month: January 2017

The organization of the Public Authority for Real Estate gives the board of directors supreme powers to set policies and strategies for the development of the sector

by

Reading time: 2 MinutesThe draft “Law on the General Real Estate Authority” outlines, across fifteen articles, the framework for establishing the new authority, the scope of its powers, and its interactions with public and private sector institutions, regarding the management of the real estate sector in the Kingdom and the prioritization of its objectives, as well as the mechanism for establishing the Authority’s organizational, administrative, and financial structure, while defining the powers of the Authority’s Governor and Board of Directors, in light of the general objectives entrusted to the Authority, and the mechanism for achieving … Read more

Cyberattacks break into the files of some government agencies The Telecommunications Authority warns against the Shamoon 2 ransomware virus

by
Telecommunications Commission

Reading time: 2 MinutesThe Communications and Information Technology Commission (CITC), represented by the National Information Security Advisory Center, revealed that some government agencies have been subjected to various cyberattacks involving the ”Shamoon 2” virus and ransomware, which target information and files and wipe them completely. It recommended that all agencies increase their vigilance and caution and verify that the necessary precautions are in place. The Authority warned of the consequences of losing electronic information and having files wiped due to these … Read more

Amlak Real Estate Newspaper publishes the tasks of the General Authority for Real Estate according to the third article of its organization

by

Reading time: 2 MinutesArticle 3 outlined the primary purpose of establishing the Authority, which is to regulate, supervise, and develop the non-governmental real estate sector in order to enhance its efficiency and encourage investment in it, in line with economic and social development objectives. The article detailed the Authority’s powers, set forth in 177 paragraphs, which ranged from regulation and supervision to awareness-raising and training, monitoring the real estate market, and increasing its contribution to the gross domestic product, … Read more

Kirsner, in collaboration with Knight Frank, launches a residential project on Palm Island in Dubai

by

Reading time: < 1 MinuteKirsner International, in collaboration with Knight Frank, has launched the “Royal Atlantis Residences” residential project on Palm Island in Dubai. The company explained that the project consists of a range of options, including two-, three-, four-, and five-bedroom apartments, as well as sky courtyards, penthouses, and garden suites, noting that upon full completion, the project will provide 231 … Read more

“Shamool Real Estate launches the first phase of sales at Manar Villas

by

Reading time: 2 MinutesShumool Real Estate has launched the first phase of sales for its residential project, “Manar” – Home and Investment – in the Al-Nada residential neighborhood north of Riyadh. The project features a variety of designs and interior details, offering homeowners comfortable and distinctive living spaces while providing complete privacy for both landlords and tenants.   The first phase consists of 10 residential villas, with lot sizes ranging from … Read more

After the approval of the Real Estate Commission 30% real estate entities are expected to exit the market

by

Reading time: < 1 MinuteReal estate sources and experts have warned that the establishment of the General Real Estate Authority will have a significant impact on the real estate market, particularly on micro-enterprises. Experts and observers predict that the implementation of the new regulations and rules for establishing the Authority will lead to the exit of 30% real estate entities from the market, particularly real estate offices—approximately 10,000 offices—due to the large number … Read more

Majid Al-Hogail enumerates the tasks of the Supreme Real Estate Authority to regulate the work of 39.5 thousand real estate establishments

by

Reading time: 2 Minutes  His Excellency Minister of Housing Majid bin Abdullah Al-Hogail confirmed that the Cabinet’s approval, at its meeting today, Monday, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud—may God protect him – of the decision to establish the General Real Estate Authority is in line with the strategic objectives of the Kingdom’s Vision 2030 and the National Transformation Program 2020, within the framework of improving the performance of the real estate sector and increasing its contribution to … Read more

Cabinet today officially approves the establishment of the Public Authority for Real Estate

by

Reading time: < 1 MinuteThe Council of Ministers, presided over by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—at its meeting held this Monday afternoon at Al-Yamamah Palace in Riyadh, approved the establishment of the General Real Estate Authority. The text of the decision reads as follows: After reviewing the report submitted by His Excellency the Minister of Housing and after reviewing the recommendation prepared in … Read more

“CITC organizes ”Investment Incentives and Sector Trends“ forum to discuss investment with the private sector

by
Telecommunications Commission

Reading time: < 1 MinuteTo build an effective partnership between the public and private sectors, the Communications and Information Technology Commission (CITC) will host the CITC Forum on Wednesday at its headquarters in Riyadh, under the theme “Stimulating Investment and Sector Trends.” The forum will focus on developing the sector and supporting the growth of local investors in light of the Kingdom’s Vision 2030. The Authority stated that the forum will feature three sessions addressing … Read more

Euromoney recognizes SABB as the best trade finance bank in Saudi Arabia for 2017

by
Online Data Update - SAP - Online Data Update - Global Trade

Reading time: < 1 MinuteEuromoney magazine awarded the Saudi British Bank (SABB) the ’Best Trade Finance Bank in Saudi Arabia” award for 2017—the first time the bank has received this honor in this category. The award is considered a confirmation and recognition of the bank’s position as a leader in trade finance in the Kingdom. The bank was honored with this award based on the opinions of industry analysts, technology experts, and corporate executives, including heads of financial oversight and directors … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.