Month: March 2017

“The Contractors Association warns against fragmenting projects... and suspending 6,000 projects that do not comply with the new guidelines

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Reading time: < 1 Minute Engineer Osama Al-Afaleq, Chairman of the Contractors Authority, highlighted the difficulties facing the implementation of large-scale, segmented projects in the construction and building sectors, emphasizing the difficulty of meeting the demands of a number of contractors and investors in the sector to break down major construction projects and divide them into multiple projects so that local small and medium-sized companies can carry out a portion of them. Engineer Osama Al-Afaleq explained that the problems that could … Read more

Al-Tahaliq Real Estate Company Signs Partnership Agreement with the Ministry of Housing to Develop 436 Residential Villas

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Reading time: < 1 Minute  Al-Tahaliq Real Estate Company Limited announced that it has signed a partnership agreement with the Ministry of Housing to develop a residential project east of Riyadh comprising 462 residential villas, divided into 436 duplex villas and 36 detached villas. The residential units are characterized by their high quality and compliance with the Kingdom’s approved standards, in addition to their affordable prices, which range from 530,000 to 590,000 … Read more

Shurais call on the Ministry of Housing to quickly start distributing ready-made housing units

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Real Estate Development - Construction Quality

Reading time: 2 MinutesMembers of the Shura Council called on the Ministry of Housing to begin distributing ready-to-move-in housing units as a matter of urgency. During the discussion of the Ministry of Housing’s annual report for the fiscal year 1436/1437 AH at today’s Council session, Dr. Abdullah Al-Harbi emphasized that the Ministry of Housing has not provided citizens with housing units commensurate with the level of state support and the needs of citizens. For his part, the member … Read more

Saudi Electricity Company inaugurates the first fully electrically powered building

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Reading time: < 1 Minute  As part of its efforts to produce clean energy, the Saudi Electricity Company recently inaugurated the first eco-friendly building powered entirely by solar energy at its complex in Dammam, in the Eastern Province. This step is part of the company’s plan to expand the use of renewable energy technologies and implement standards for optimal use of electricity, noting that this … Read more

Minister of Housing visits Alinma Bank to activate the ministry's initiatives and promote joint cooperation

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Reading time: < 1 MinuteMinister Majid Al-Haqeel visited Alinma Bank in the presence of Chairman of the Board of Directors Engineer Abdulaziz bin Abdullah Al-Zamil, CEO of Alinma Bank Abdulmohsen bin Abdulaziz Al-Fares, a number of Alinma Bank's executive management officials and senior officials of the Ministry of Housing. Read more

Amlak articles... Al-Muhannad Mohamed Al-Saeed.. (Market).. Crisis and encroachment

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Reading time: < 1 MinuteWhen the global system is hit by any shocks or crises, whether contrived or unexpected, the tsunami waves of that crisis will reach us and its impact will affect us because we are a major part of the global system and even a key player in the global market economy and we must not forget the general rule that says (good is specific and bad is general). But what characterizes our economy here is its ability ... Read more

Amlak Dialogues. Investor Abdullah Al Aziri: Dubai government system protects real estate broker, seller and buyer

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Reading time: 5 MinutesDouble A Homes Real Estate Company in Dubai is one of the newly established companies that knew the ins and outs of the real estate market and its regulations and laws, until it was able in record time to form an important number in its field of work. The company, founded in 2014 by Saudi youth Abdullah bin Mohammed al-Aziri, began as a compass that offers its services and expertise to Saudi investors to manage their properties in a professional manner to preserve them, ... Read more

The start of a long-term contract “Opal Business appoints Century 21 Saudi Arabia to value its real estate assets

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Reading time: < 1 MinuteOpal Business Company has signed a cooperation and joint work agreement with Century 21 Saudi Arabia in Riyadh, the agreement requires that Century 21 Saudi Arabia take over the valuation of all Opal's assets in all regions of the Kingdom. On this occasion, Fahad Al-Jabreen, General Manager of Opal, explained that this step comes in preparation for the start of the implementation of the planned projects as the opportunity is favorable ... Read more

Amlak Articles Issue 122 ... Abdulaziz Al-Issa, Editor-in-Chief, writes : Low liquidity ... Threatens real estate

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Reading time: 2 MinutesThe decline and drop in liquidity in the Saudi market have been a major concern for market activity, exacerbating the volatility in financial assets reported by the Saudi Arabian Monetary Authority (SAMA) last week, which stood at approximately 2,028.9 billion riyals in January 2017, Reports from the Authority indicated that the decline amounted to 48.2 billion riyals from the month of … Read more

Articles from Amlak Issue No. 122 .. Dr. Hossam Youssef .. Women Leaders

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Management - Intelligence - Management Science - Real Estate

Reading time: < 1 MinuteA few days ago, I received an email that upset me. The sender was responding to one of my previous articles titled: "Women cannot compete with men in leadership or decision-making, and the proof is that all prophets and messengers, according to the consensus of all laws and religions, are men only. Throughout history, there has never been a mention that God sent a woman among the prophets or messengers; rather, He went so far as to …" Read more

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