Month: March 2017

The General Assembly of the Saudi Council of Engineers Approves All Items on Its Agenda and Its 2016 Achievement Report

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Reading time: 2 Minutes  The General Assembly of the Saudi Council of Engineers, at its 13th regular meeting held on Wednesday, 23/6/1438 AH, corresponding to March 22, 2016, in Riyadh, a number of resolutions, foremost among which was the approval of the annual report and the achievements it contained, as well as the approval of the Authority’s final accounts for 2016, as well as the appointment of an external auditor for the year 2017 and the determination of the auditor’s fees, and … Read more

The Governor of Riyadh Honors STC for Sponsoring the Third Saudi Investment and Securities Conference

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Reading time: < 1 MinuteSaudi Telecom Company (STC), represented by its Business Sector Unit, served as a Diamond Sponsor for the events of the Third Saudi Investment and Securities Conference, organized by the Riyadh Chamber of Commerce and Industry, which recently concluded. On this occasion, His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, honored STC, and Dr. Tariq Anaya, Senior Vice President of the … Read more

Saudi Investment and Securities Conference concludes with a call to form savings funds for soft loans

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Reading time: 3 Minutes  Last week marked the conclusion of the Third Saudi Investment and Securities Conference, organized by the Riyadh Chamber of Commerce—represented by its Investment and Securities Committee—in cooperation with the Saudi Capital Market Authority and held under the patronage of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region. Success and Broad Participation by Experts: The conference was a success thanks to the broad participation of … Read more

The Wafi program has set April 2 as the deadline for engineering firms to qualify to work on its projects

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Reading time: < 1 MinuteThe Ministry of Housing, through the “Wafi” Off-Plan Sales and Leasing Program, set April 2, 2017, as the deadline for engineering firms working on the program’s projects to complete the necessary procedures. In a statement, the Ministry noted that 22 consulting firms have applied for accreditation to date. The Ministry has set conditions for accreditation, including completion of the training course designated for consultants working on off-plan sales and leasing projects… Read more

Saudi Industrial Development Fund finances 30 projects totaling 900 million riyals

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Reading time: < 1 MinuteThe Board of Directors of the Saudi Industrial Development Fund, chaired by Eng. Khalid bin Abdulaziz Al-Falih, approved funding for 30 industrial projects worth more than 900 million riyals, with the aim of strengthening and supporting national industry, provide all necessary means to drive industrial progress and prosperity, diversify the Kingdom’s economic base, and overcome future obstacles. The Fund’s Board of Directors confirmed that it is currently working … Read more

I decided to sell the Shihabiya contribution. Real Estate Contributions End the Struggle of a North Jeddah Contribution worth SAR 28 million

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Reading time: < 1 Minute  With a total value exceeding 28 million riyals, the Real Estate Contribution Committee at the Ministry of Commerce and Investment approved the sale of a contribution plot north of Jeddah at a price of 113 per square meter, This decision was made during a meeting chaired by the Minister of Commerce and Investment, Dr. Majid Al-Qasabi. The committee had previously suspended an auction it had held for the land in the first month of 2017 due to the unfairness of the price … Read more

President of the General Sports Authority: Valuation of club properties to be completed in two months Privatization includes 14 clubs

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Reading time: < 1 MinutePrince Abdullah bin Musa’ad bin Abdulaziz, Chairman of the General Sports Authority, announced that the committee tasked with privatizing major Saudi clubs will complete its assessment of the clubs’ real estate holdings within two months, after which the matter will be presented to the Economic Council before three to five clubs are selected to compete in this year’s Professional League, while all clubs will be selected over a period ranging from … Read more

The Ministry of Housing plans to launch 118 projects to provide more than 297,600 housing units of various types

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Reading time: < 1 MinuteThe Ministry of Housing announced that it has put out to tender the design of 118 projects to provide 297,668 housing units, These projects include 169,430 developed plots ready for construction and 128,238 housing units, which will be built in collaboration with real estate developers on an area of 193 million square meters across all regions of the Kingdom. The Ministry stated that 280,000 housing units have been made available, distributed among various types of housing units, developed plots of land, and mortgage loans, and there is cooperation from … Read more

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