Month: February 2017

Property Articles The House of Life Step by Step (49) ... Prepared by Majed Almuhaimeed

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Reading time: 2 MinutesOnce the concrete for the roof of the roof extensions has been poured, the woodwork for the inverted bridge of the roof extension, as well as the openings for air conditioning and skylights (if any), is then constructed. The height of the inverted bridges must be at least 30 cm, and preferably 40 cm. Some people make do with constructing inverted beams using concrete blocks, but this is absolutely unacceptable, as the inverted beam prevents the resulting tiles from shifting… Read more

Plastics and Petrochemicals Exhibition kicks off in Jeddah on February 27

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Reading time: < 1 MinuteRiyadh Exhibitions Company Limited, accredited by the International Exhibition Industry Association (UFI), has completed its preparations to organize this highly anticipated economic event and welcome exhibitors to the 14th edition of the Saudi Plastics, Petrochemicals, Printing and Packaging Exhibition, which will be held from 30 Jumada Al-Awwal to 3 Jumada Al-Akhira 1438 AH, corresponding to February 27 to March 2, 2017, at the Jeddah Forums Center … Read more

Off-plan sales and leasing program strengthens its controls by signing multiple agreements with competent authorities

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Reading time: 2 MinutesIn accordance with the regulations governing the off-plan sales and leasing program, the Ministry of Housing, represented by the off-plan sales and leasing program «Wafi» and the Bureau of Investigation and Public Prosecution, a cooperation agreement to exercise investigative and prosecutorial authority over violations of regulations related to the sale and lease of off-plan real estate units. Procedural Rules Mohammed Al-Ghazwani, Secretary-General of the Off-Plan Sales Committee, explained that the meetings between the two sides concluded … Read more

Ministry of Housing: 120,000 housing units to be subject to a set of criteria across all regions

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Reading time: 2 MinutesDiverse Designs Prince Saud explained: “The designs of the residential units will be diverse, with a range of sizes, including villas, apartments, and townhouses. Beneficiaries of the off-plan sales program modify their chosen residential unit as they see fit, provided that such modifications comply with the regulations and requirements established by the Ministry of Housing for real estate developers. He clarified that the delivery period will take … Read more

In an interview with Amlak Hamad Al-Shuwaier: The Real Estate Authority represents a qualitative leap in regulating the market and attracting investment

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Reading time: 2 MinutesHamad bin Ali Al-Shuwaier, Chairman of the Real Estate Committee at the Council of Saudi Chambers, expressed his deepest gratitude and appreciation to the Custodian of the Two Holy Mosques, his trusted Crown Prince, and the Deputy Crown Prince for issuing the decree establishing the General Real Estate Authority, This decision (the dream), and Al-Shuwaier praised the role of the government agencies that contributed to the issuance of this decision, represented by the Ministry of Housing and the Council of Economic and Development Affairs. He stated … Read more

Real Estate Articles. The Editor-in-Chief writes, “The Real Estate Authority” draws new features for the real estate market

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Reading time: 2 MinutesThe real estate sector breathed a sigh of relief and looked forward with optimism to the establishment of the Supreme Real Estate Authority, which came—after a long wait— as the culmination of years of efforts and studies in which those involved poured their experience and insights, resulting in a system and regulations worthy of shaping the market’s future amid a range of economic and regulatory changes in the sector. and for this, we must express our deepest thanks and appreciation… Read more

Saudi Arabia plans to privatize 146 government projects

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Riyadh city

Reading time: < 1 MinuteIn the coming period, the Kingdom plans to privatize 146 government projects across various sectors with the aim of easing the financial burden on the public sector. This was outlined in a report by «Arabian Business,» which noted that privatization will take place through various methods, including public-private partnerships, build-operate-transfer (BOT) arrangements—where ownership of the project ultimately reverts to the state—and other models, pointing out that … Read more

Ministry of Housing prepares to launch a national real estate company that includes all of its programs

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Reading time: < 1 MinuteThe Ministry of Housing is preparing to launch a national real estate company that will encompass all of its programs, following the Cabinet’s approval of the establishment of the General Real Estate Authority and its directive to coordinate with relevant agencies to make the necessary arrangements for transferring oversight of real estate activities to the Authority. The “Ijar” program is expected to begin accepting registrations from real estate brokers early this month, despite having been approved in January of last year. Sources indicated … Read more

Shura Council calls for linking the Ministry of Housing projects with all modes of transportation to urban areas

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Reading time: < 1 MinuteA committee in the Shura Council called on the Ministry of Transportation to establish an effective transportation system that connects housing projects—regardless of the mode of transportation—with nearby urban areas, in order to align with the Ministry of Housing’s efforts to resolve the housing crisis and establish residential cities on the outskirts of regions and governorates. The committee’s recommendations also urged a review of the Ministry of Transport’s performance to include in its upcoming annual reports the initiatives it has implemented for the program… Read more

Achievements of the “Engineers Authority” bring about a comprehensive shift in the engineering field professionally and academically

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Reading time: 2 Minutes   Dr. Jamil Al-Baqawi, Chairman of the Board of Directors of the Saudi Council of Engineers, stated that the past year saw numerous achievements and a significant leap forward by the Saudi Council of Engineers, through the many developmental steps it has taken, in accordance with the strategic transformation plan established by the current Board of Directors in line with the Kingdom’s Vision 2030. Four pillars in the achievement report, and the Authority’s plan is based on… Read more

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