Month: February 2017

Banks complete their readiness to finance Real Estate Fund beneficiaries within 4 months

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Reading time: < 1 MinuteThe General Supervisor of the Real Estate Development Fund, Ayham Al-Yousef, confirmed that the banks and financial institutions that were signed earlier will be ready to finance beneficiaries within 3 to 4 months. Al-Yousef said that the fund will cancel some of its programs after the completion of the beneficiary lists and that new programs will be updated, adding that the fund will stop receiving applications after ... Read more

Amlak newspaper articles ... Abdul Aziz Al-Issa writes : The financing role of banks without ambition

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Reading time: 2 MinutesAt a time when the state is moving to push the wheel of housing development in the Kingdom and solve the housing crisis by enacting many regulations that addressed many obstacles that were standing in front of real estate developers, and even went further by authorizing the sale of housing units on the map and allocating valuable incentives and administrative facilities that were a dream for developers, on top of restoring the confidence that was lost ... Read more

“Wafi announces competition to build and deliver 33,000 housing units

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 MinuteThe Ministry of Housing's off-plan sales and leasing program “Wafi” announced the launch of a competition to offer the design, marketing, construction and delivery of housing units on the Ministry of Housing lands (Phase II), in several cities and governorates. The ministry said in a statement that to obtain the terms and specifications of each project, a certified check of 15,000 riyals non-refundable, in the name of the sales committee ... Read more

“Housing Ministry launches new initiative to accommodate excluded low-income segments

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Reading time: < 1 MinuteThe Ministry of Housing plans to launch a mortgage contract guarantees initiative during the current year, to accommodate segments that are excluded due to low income. The initiative will include some cities and villages that real estate financiers avoid exposure to, in addition to covering financing risks, said Abdulrahman Al-Dhakir, general supervisor of the Ministry of Housing's mortgage financing programs. He pointed out that work is underway ... Read more

Riyadh Chamber holds a ceremony honoring the members of its former board of directors

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Reading time: < 1 MinuteThe Riyadh Chamber held a ceremony honoring the members of the Board of Directors of the Chamber, the heads and members of its main committees and the Secretary General for the sixteenth session, and the lobby of the Chamber witnessed a large gathering of businessmen, members of the Board of Directors of the Chamber, heads and members of its committees in the previous and current sessions.Dr. Abdul Rahman Al-Zamil, former Chairman of the Riyadh Chamber, stressed the ability of the business sector in the region to implement the plan that ... Read more

Amlak newspaper articles Dr. Hussam Youssef writes : Why do we forget the important things

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Management - Intelligence - Management Science - Real Estate

Reading time: < 1 MinuteOur brains store thousands of stories and an endless amount of information, events, and minute details, in a cinema-like tape arranged according to time, not the importance of the event, as we thought, because we actually feel very capable of easily recalling events that upset us and hurt us psychologically or physically, which causes us to weaken our mental abilities and feel foggy and forgetful ... Read more

Thamer Al Ghoneim: Al Diyafa Hotels will continue its investment projects in 2017

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Reading time: < 1 Minute  The current policies of the Ministry of Housing help citizens to own their homes at the right price, explaining its contribution to organizing the residential real estate market and increasing the supply in proportion to the growing demand in the Kingdom, which will be evident in the medium and long term, Al-Ghunaim pointed out the need to provide various financing tools for citizens that suit ... Read more

Contracting Authority launches a comprehensive national strategy to regulate the Kingdom's contracting sector

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Reading time: 2 Minutes  The Saudi Contracting Authority (SCA) has decided on Tuesday, February 28, as the date for holding the first general assembly meetings of the Authority, at the Saad Al-Muajel Hall at the Council of Saudi Chambers in Riyadh, while the registration for affiliation to the Authority will be closed on Monday, February 20, 2017. This came in an interview with the Chairman of the Board of Directors of the Authority, Osama Al-Afaleq, during an introductory meeting about the Authority and its plans ... Read more

The Ministry of Housing launches the first installment of the “Residential” program and pumps 15,653 housing and financial products

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Residential products

Reading time: 2 Minutes  The Ministry of Housing fulfilled the launch of the first installment of the “Residential” program, as it announced today that it has provided the housing sector with 15,653 residential and financial products covering all regions of the Kingdom, as part of the 280,000 residential and financial products announced by the Ministry last month as a target for 2017. On this occasion, His Royal Highness Prince Saud ... Read more

New architectural solutions in “Community Building and New Apartment Architecture”

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Reading time: < 1 Minute  Architect and architecture critic Michael Webb released his book “Community Building and New Apartment Architecture” in which he praised his colleagues who came up with innovative solutions for crowded cities. In the introduction to his book, he mentioned the importance of building more apartments to reduce the housing shortage in cities, and the need to use land in a more economical way to avoid the long commute to the suburbs. In his book, Webb criticizes architects who are hungry for ... Read more

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