Month: March 2017

Riyadh Chamber calls for redrawing the map and policies of the accommodation sector and calls for standardizing prices

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Reading time: 2 MinutesThe meeting, organized by the Riyadh Chamber of Commerce—represented by its Tourism Committee—recommended the need to redefine the roadmap and policies for the hospitality sector and diversify its marketing strategies with the aim of revitalizing its role in tourism and hospitality, in line with the tourism and entertainment development currently taking place in the capital, Riyadh. Attracting visitors and exhibition attendees, Abdulaziz Al-Hassan, director of the General Authority for Tourism and National Heritage branch, said on this occasion that the accommodation sectors, along with … Read more

Commerce completes 44 out of 113 recommendations under the National Competitiveness Program initiative

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Reading time: 2 MinutesWith the participation of 24 government agencies and under the oversight of the Trade and Investment System—represented by the General Authority for Investment—the Ministry has implemented 44 recommendations to enhance the competitiveness of the business environment, address challenges facing the private sector, and improve the Kingdom’s ranking in the Global Competitiveness Index,  Meanwhile, work is underway on 69 additional recommendations as part of the “National Program to Enhance Competitiveness” initiative under the ”National Transformation Program 2020.” Increasing investments and foreign investment, as stated in … Read more

Taif Governorate proposes hotel and tourism projects to develop ”Corniche Al-Sahab”

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Reading time: < 1 MinuteAs part of the effort to transform and develop mountainous areas for tourism, the Higher Committee for the Development of Taif Province has proposed two projects to build a five-star hotel and resort, tourist camps, and recreational activities, as the first phase of the Al-Hada and Al-Shafa National Park project (Corniche Al-Sahab), noting that this will be followed by the Environmental Visitor Center project. The project aims to provide lodging and services for Hajj and Umrah pilgrims, as well as a manufacturing center for products … Read more

Including the right to use real estate... "Amlak" Real Estate Newspaper Publishes Key Features of the Municipal Licensing Regulations

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Reading time: 3 MinutesThe implementing regulations adopted by the Ministry of Municipal and Rural Affairs for the Municipal Licensing Procedures System and the Guide to Municipal Licensing Requirements for Professional Activities were issued; these documents incorporate the requirements of the relevant government agencies through an automated link to the “Baladi.” Through these regulations, the Ministry has specified the conditions for municipal licensing, whereby a municipal license to open a business is granted in accordance with statutory eligibility requirements, provided that the license applicant is a Saudi national at least … Read more

The Real Estate Development Fund Announces 7,700 Borrowers in Mid-March

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Reading time: < 1 MinuteThe Real Estate Development Fund announced that it has updated the data for 250,000 borrowers out of the 500,000 who remain under the Fund’s umbrella, completing 50% of the data update, Engineer Ayham Al-Youssef, General Supervisor of the Real Estate Development Fund, emphasized that citizens’ prompt updating of their data through the online portal increases the options available to meet borrowers’ needs and take advantage of the mechanisms and programs the Fund is implementing… Read more

“Wafi conducts a field control tour on 18425 residential units in Riyadh and Jeddah

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 Minute  The Off-Plan Sales and Leasing Program—one of the initiatives of the Ministry of Housing, represented by its Engineering Department—recently conducted visits to a number of projects licensed by the program that are currently under construction in the cities of Riyadh and Jeddah, During these visits, the team assessed the engineering status of these projects and the progress made in their implementation over the past period. The tour included a visit by “Wafi” to 22 projects … Read more

Ministry of Housing sets first quarter of 2018 for the start of the “Ejar” program”

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Rent

Reading time: < 1 Minute The Ministry of Housing has confirmed that the standardized lease agreement will take effect during the first quarter of 2018, with Engineer Mohammed Al-Bati, General Supervisor of Rental Sector Regulation at the Ministry of Housing, confirming that the program provides the necessary protection for landlords, tenants, and licensed real estate brokers, and emphasizing the legality of the contract, which was drafted by the Ministries of Housing and Justice. He noted … Read more

Minister of Commerce Honors Riyad Bank at the Fourth Accounting and Auditing Forum

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Reading time: < 1 MinuteThe Minister of Commerce and Investment, Dr. Majid bin Abdullah Al-Qasabi, honored Riyad Bank in recognition of its ongoing sponsorship of the activities of the Saudi Organization for Certified Public Accountants, and its prominent participation in the Fourth Accounting and Auditing Forum, organized by the Saudi Institute of Certified Public Accountants on March 7–8, 2017, under the theme “Accounting and Future Aspirations: The Accounting Profession in Achieving Vision 2030,” in collaboration with the Institute of Certified Public Accountants in … Read more

Riyadh Chamber launches the third Saudi Investment and Securities Conference on March 21

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Riyadh Chamber

Reading time: < 1 Minute  Under the patronage of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, the the “Third Saudi Conference on Investment and Securities,” organized by the Riyadh Chamber of Commerce and Industry, represented by its Investment and Securities Committee, at the Four Seasons Hotel in Riyadh from June 22–23, 1438 AH (June 21 – 22 March 2017, with the participation of a large number of experts … Read more

Undersecretary of “Village and Municipality” inaugurates design and exterior decoration exhibition and appreciates its role in spreading engineering creativity

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Reading time: < 1 MinuteOn behalf of Engineer Abdul Latif bin Abdul Malik Al Sheikh, Minister of Municipal and Rural Affairs and patron of the exhibition, Engineer Hussein Al-Sudairi, Deputy Minister, opened the «Exhibition of Structural Design and Interior Decoration» yesterday. — with the opening ceremony taking place in the Kingdom Hall at the hotel. This edition is held with the participation and support of the Saudi Council of Engineers and organized by “First Organization Company» for exhibition setup and management, while … Read more

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