Month: March 2017

Ministry of Housing starts issuing invoices for white land fees in Riyadh and monitors 245 lands

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Reading time: 2 MinutesThe Ministry of Housing issued the first invoices of the White Land Fee Program in its first phase in Riyadh, which includes lands located within the geographical scope specified by the Ministry and have not been developed and whose areas start from 10 thousand square meters and more, after completing the screening and evaluation procedures for lands registered until the end of the registration period specified in the executive regulations of 6 months ending on ... Read more

Riyad Bank appoints Abdul Majeed Al Mubarak as CEO to lead the next phase of its journey

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Reading time: < 1 MinuteThe Chairman of Riyad Bank, Abdullah Mohammed Al-Essa, praised the appointment of Abdul Majeed Abdullah Al-Mubarak as the bank's Chief Executive Officer, praising his choice to lead the bank at this important stage due to his banking experience and career, wishing him success in achieving the bank's ambitious goals, realizing the aspirations of the shareholders, and meeting the expectations of the bank's customers. Mr. Al-Essa expressed the confidence of the Board of ... Read more

Bank Al Jazira invites its shareholders to attend the Extraordinary General Assembly Meeting on April 10th

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Reading time: < 1 Minute  The Board of Directors of Bank Al Jazira invited the Bank's shareholders to attend the 54th Extraordinary General Assembly Meeting scheduled to be held at 6:30 pm on Monday, April 10, 2017 at the Bank's General Management Headquarters located on the intersection of King Abdulaziz Road and Hira Street in Al Nahda neighborhood in Jeddah, to consider the agenda, including: ... Read more

Binladin Group's Jeddah Stone and Surfaces Exhibition showcases 4000 projects under construction

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Riyadh real estate

Reading time: < 1 MinuteWith the participation of Bin Laden Group, major suppliers, building and construction leaders and investors, the Stone and Surface Exhibition will be held in Jeddah from April 4 to 6 at the Jeddah Center for Forums and Events. The exhibition is considered one of the specialized events in the field of building and construction, as it includes major companies working in the field such as Bin Laden Group ... Read more

Housing Ministry plans to impose fines on those who fail to pay white land fees

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Reading time: < 1 Minute  The General Supervisor of the White Land Fees Program at the Ministry of Housing, Mohammed Al-Madihim, revealed that the ministry intends to impose fines on those who are late in paying the value of fees on their lands, indicating that the fines are divided into two types (those who are late in registering in the program for 6 months, and the second fine for not paying the value of the fees within the specified period of 12 months). He explained that ... Read more

Specialist: Reduced government and private projects led to a drop in building materials prices

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Reading time: < 1 Minute  The Contractors Committee at the Riyadh Chamber revealed that the prices of building materials have decreased since the beginning of this year, and attributed this to the reduction of government and private projects and the saturation of the local market of locally produced or imported building materials. Saleh Al-Habdan said that there is a significant decrease in demand for basic building materials, and Al-Habdan pointed out that iron factories, ... Read more

 Ministry of Housing implements 900 units for social security beneficiaries. Meets with the non-profit sector

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Reading time: 2 Minutes The Ministry of Housing revealed the start of joint cooperation with the King Abdullah Foundation for Developmental Housing by activating the partnership previously concluded between the two parties, which targets low-income groups, as the agreement includes in its first phase the implementation of 900 housing units distributed in 9 regions for social security beneficiaries, in addition to the agreement to schedule periodic meetings and form a joint committee to follow up ... Read more

267 residential villas completed in Mohammed Bin Rashid City project

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Reading time: < 1 Minute  Mohammed Bin Rashid City in Dubai has completed 267 residential villas, which includes the first phase of the city. The city extends over an area of 45 million square feet and is divided into four phases, taking into account different tastes in a safe and stable civilized environment, according to Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ... Read more

Saudi Electricity Exhibition 2017 kicks off on May 14 in Riyadh

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Reading time: < 1 MinuteWith the participation of 22 countries, four international pavilions, and 157 exhibitors, Riyadh Exhibitions Company Ltd. has completed its preparations to organize the Saudi Electricity Exhibition 2017, the 20th international exhibition for electricity, lighting, power generation and water technology, in conjunction with the Saudi Air Conditioning Exhibition 2017, from 18-20 Shaaban 1438H corresponding to May 14-16, 2017, which will be held at the Riyadh International Convention and Exhibition Center. The sector's interest comes ... Read more

Restatex Riyadh 2017 completes preparations to welcome visitors on April 23

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Reading time: < 1 MinuteAmid interest from the public and private sectors, the Riyadh Real Estate, Housing and Urban Development Exhibition and Forum (Restatex 2017) has completed its preparations to receive the economic and real estate event at the Riyadh International Convention and Exhibition Center from April 23-26, 2017. Restatex 2017 will showcase several new offers for real estate and housing projects, financing programs for the purchase of housing units and financing for developers, amid the participation of ... Read more

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