Month: January 2017

Saudi Buildings Company Signs Memorandums of Understanding with Nine Entities to Invest in Educational Real Estate

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Reading time: < 1 MinuteTatweer Buildings, represented by its CEO, Engineer Fahad bin Ibrahim Al-Hammad, and nine government and quasi-government entities and private sector companies, signed memorandums of understanding aimed at exchanging knowledge for investment in educational buildings, in the presence of Minister of Education Dr. Ahmed Al-Issa. Badr bin Badah Al-Fagham, Vice President for Commercial Affairs at Tatweer Buildings, explained that the signing of the MoUs… Read more

Reviewing 100 real estate investments... The Ministry of Commerce to disburse 500 million riyals to investors this year

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Reading time: < 1 Minute  The Ministry of Commerce and Investment, represented by the Real Estate Contributions Committee, announced the disbursement of 500 million riyals from the committee’s accounts to contributors during the current year, In this regard, Hamza Al-Askar, Secretary-General of the Committee, explained that the Committee is currently working to announce the names of shareholders who have not applied for the disbursement of their entitlements or have not completed their information so that the Committee can deliver them … Read more

The Governor of the Riyadh Region Honors Banque Saudi Fransi for Sponsoring the Aspar International Forum

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Reading time: < 1 MinuteOn the occasion of his patronage of the Aspar International Forum, recently organized by the Aspar Center for Studies, Research, and Media, His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, honored Banque Saudi Fransi. The bank’s sponsorship of this conference is a demonstration of its support for the community and its development, as well as a contribution to the preservation of the national economy, and an important cultural addition to the conference, which served as an ideal platform for the exchange of expertise… Read more

“Zain” agrees to pay more than 219 million riyals to Mobily in accordance with the decision of the competent court

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Reading time: < 1 MinuteAfter the deadline for filing a motion to set aside the ruling had passed, Zain announced that it had decided not to pursue the dispute with Mobily, confirming that it would pay the full amount awarded to Mobily—219.46 million riyals—pursuant to the arbitration award after receiving an order from the competent court to enforce it in accordance with the arbitration rules. This was stated in a press release issued by the company … Read more

Minister of Education: We will get rid of rented buildings by 2020 And a plan to build 1,600 new schools

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Reading time: < 1 MinuteDr. Ahmed Al-Issa, Minister of Education, revealed that the ministry plans to phase out rented buildings by 2020, but he explained that there is a need for schools every year, especially since there is a plan to build 1,600 new schools. Al-Issa estimated that there are currently between four and six thousand rented school buildings. Al-Issa emphasized this during his opening remarks yesterday at the investment conference … Read more

Education Buildings Investment and Financing Conference unveils promising investment opportunities for the private sector

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Reading time: 4 MinutesHis Excellency Dr. Ahmed Al-Issa, Minister of Education, opened this morning, Tuesday, the “Conference on Investment and Financing for Educational Buildings,” organized by the Ministry and Tatweer Company at the Ministry of Education headquarters in Riyadh, with the aim of strengthening prospects for public-private partnerships in the field of educational facilities and buildings, in the presence of His Excellency the Minister of Commerce and Investment, Dr. Majid bin Abdullah Al-Qasabi, and with the participation of approximately 35 speakers representing … Read more

With the participation of 80 refrigeration companies. Jeddah to host HVACR Expo Saudi in mid-January

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Reading time: < 1 MinuteWith the participation of 80 specialized companies, Jeddah is hosting the “HVACR Expo Saudi,” organized by “DMG Events Middle East, Asia, and Africa,” from January 15 to 17 at the Jeddah Convention and Events Center. The exhibition is expected to attract 2,500 specialists in the fields of air handling, refrigeration, and air conditioning. The exhibition serves as a platform to showcase new products and learn about… Read more

The Jeddah Notary Public Office Re-registers a Lost Legal Deed for a Plot of Land Dating Back 15 Years

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Reading time: < 1 Minute  After being lost for more than 15 years, the First Jeddah Notary Office has re-registered a lost legal deed for a plot in North Abhur, Jeddah Province, owned by 500 shareholders, with a market value estimated at over 500 million riyals. Sources explained that the details of the disappearance of the legal deed for the development date back more than 15 years, when correspondence took place… Read more

Auctions of Sheikh Saleh Al-Rajhi’s estate will begin in mid-February in Riyadh

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Reading time: < 1 MinuteWell-informed sources have revealed that the auction for the first batch of assets from the estate of Sheikh Saleh Al-Rajhi will be launched in mid-February. The sources noted that the auction will include a 400,000-square-meter undeveloped plot of land located east of Riyadh. The auction also includes a commercial and office tower, as well as another investment site in the commercial strip on Al-Olaya Road in Riyadh. The sources added that … Read more

Social Development Bank signs financing agreement with four telecommunications companies

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Reading time: < 1 MinuteFour local companies specializing in the telecommunications sector and related accessories secured a financing contract from the Social Development Bank through an agreement signed the day before yesterday, with the aim of utilizing the services provided by these companies to customers who have received approval from the bank’s Financing Approval Committee, Under this agreement, the customer deals directly with the company without referring to the bank, from … Read more

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