Month: March 2017

“Itmam” provides services to developers and landowners with properties totaling more than 65 million square meters

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 Minute  The “Etmam” Developer Services Center at the Ministry of Housing has provided services for the development of real estate projects with a total floor area exceeding 2.2 million square meters over the past three months, The services provided ranged from approving land plans and building permits to issuing certificates of completion, registering fees for undeveloped land, and issuing off-plan sales permits, in addition to registering homeowners’ associations and other services that … Read more

Almasa Capital: Global markets greet March with optimism and turn the page on February's plunge

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Reading time: < 1 MinuteA report released by Al-Masa Capital revealed that regional markets are turning the page on a dismal February and regaining the buying momentum seen last January, despite the negative performance of major regional indices during the first few days of March, with only Egypt in the green at +0.57%. Meanwhile, Qatar was the worst performer, falling by 1.9%, followed by markets … Read more

It's just around the corner. Interior design and decoration exhibition kicks off at the Four Seasons in Riyadh for a more luxurious home

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Reading time: < 1 MinuteUnder the patronage of Engineer Abdul Latif bin Abdul Malik Al Sheikh, Minister of Municipal and Rural Affairs, the «Exhibition of Architectural Design and Interior Decoration» will kick off this evening, Wednesday, March 8 – The opening ceremony will take place in the Kingdom Hall at the hotel, while the exhibition will be open to visitors until its conclusion on Saturday, March 9. This edition is organized with the participation and support of the Saudi Council of Engineers, … Read more

The BUILDEX 2017 Construction and Building Exhibition Kicks Off in Dammam, Showcasing Modern Construction Trends

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Reading time: 2 Minutes  Under the patronage and in the presence of His Excellency the Governor of the Eastern Province, Engineer Fahd bin Mohammed Al-Jubeir, the 19th edition of the (BUILDEX 2017) in its 19th edition, organized by Dhahran International Exhibitions at its headquarters in Dammam, and will continue until tomorrow evening, Thursday. The excellent organization by Dhahran International Exhibitions and the co-organizers was praised by the attendees, who … Read more

Ministry of Commerce works on 171 strategic projects, 18 portfolios and 42 initiatives to realize Vision 2030

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Reading time: 2 MinutesThe Vision Realization Office at the Ministry of Commerce and Investment is actively working to achieve the Kingdom’s vision within the framework of the Ministry’s plans. The Office focuses on five strategic pillars, 18 strategic portfolios, and 42 initiatives—36 of which are specific to the National Transformation Program—in addition to 171 strategic projects, each with a performance indicator tracked via an electronic dashboard that details the project’s outputs … Read more

Real estate transactions fell to SAR 16.7 billion last month, with Riyadh and Jeddah the most active

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Jeddah Real Estate - Real Estate Index

Reading time: < 1 Minute  Real estate transactions continued to decline across the Kingdom, with the value of real estate transactions during the month of Jumada al-Awwal 1438 AH falling to 16.7 billion riyals, a 33.1% decrease compared to the same month last year, Thus, the value of real estate transactions since the beginning of 1438 AH has fallen by 34% to reach 93.4 billion riyals, compared to approximately 140.8 billion riyals recorded during the same … Read more

The Shura Council renews its criticism of the Ministry of Housing for diverting funding intended for real estate developers

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Reading time: < 1 MinuteOn Monday, the Shura Council renewed its criticism of the Ministry of Housing, stating that the unsatisfactory housing situation warrants the Minister of Housing’s appearance before the Council to discuss and clarify numerous issues, In addition, the Ministry has not outlined a strategy or approach to address the program for developing and increasing homeownership rates and improving rental procedures, and the completion rate for a large number of housing projects in various regions of the Kingdom … Read more

Minister of Housing Reviews Accelerated, Subsidized, and Affordable Mortgage Products at Al Rajhi Bank

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Reading time: < 1 MinuteAs part of his ongoing visits to banks, Housing Minister Majid bin Abdullah Al-Hogail visited Al-Rajhi Bank, where he held an extensive meeting with the bank’s Chairman, Mr. Abdullah bin Sulaiman Al-Rajhi, at the bank’s headquarters in Riyadh, in the presence of senior officials from both sides. The meeting discussed ways to enhance coordination and cooperation between the Ministry and the bank in the area of developing and supporting the housing sector, … Read more

Ministry of Commerce finalizes 12 laws and regulations that regulate business regulations and develop the investment environment

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Ministry of Industry and Investment - Shops - Licenses

Reading time: < 1 MinuteIn its efforts to develop commercial and investment regulations, the Ministry has so far finalized 12 laws and regulations, including the Companies Law, regulatory controls for joint-stock companies, the regulatory regulations for Saudi-Foreign Business Councils, and the executive regulations for the Chambers of Commerce and Industry Law. Work is also underway to develop 30 draft laws and regulations in the areas of: companies, trade and investment, consumer protection, liberal and consulting professions, and intellectual property, as part of its initiative… Read more

“Basma Real Estate Management signs a contract with STC to evaluate its properties and leased sites

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Reading time: < 1 MinuteAs part of its strategic plans for real estate valuation management, Basma Real Estate Management has signed a real estate valuation and appraisal contract with Saudi Telecom Company (stc) to conduct real estate valuations and appraisals of the sites it leases. The contract includes Basma conducting a study of the fair market value of the sites that stc intends to lease for kiosks, self-service locations, and offices up to 100 square meters in size, … Read more

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