Reading time: < 1 Minute The global mobile app market is expected to reach $6.3 trillion by 2021, up 380% from $1.3 trillion in 2016, according to a new report from App Annie Research. The report by App Annie Research said that the global app market is growing exponentially due to the increasing ownership of mobile phones globally, with users expected to spend about ... Read more
Reading time: < 1 MinuteHis Excellency Minister of Housing Majid bin Abdullah Al-Hogail, on behalf of himself and all employees of the Ministry, extended congratulations and blessings to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud on the royal confidence in his selection as Crown Prince and his appointment as Deputy Prime Minister. Al-Hogail said: ”On behalf of myself and the staff of the Ministry of Housing, we raise the highest congratulations and blessings to the ... Read more
Reading time: < 1 Minute Through 160 different and varied activities, the Eid Al-Fitr celebrations organized by the Riyadh Municipality achieved great success, as its activities attracted more than 2 million visitors from citizens and residents, in various squares and parks that received visitors during the Eid holiday across 30 sites. On this occasion, the Director General of the General Department of Parks and ... Read more
Reading time: < 1 Minute More than 1,200 contracts worth $544.5 million were awarded last year, and a further 47 construction contracts worth $3 billion will be awarded in 2017 as part of preparations for the global mega-event Expo 2020 Dubai. The 'Legacy of Expo 2020 Dubai' session, which took place on the Global Stage at the recent Arabian Travel Market (ATM) in ... Read more
Reading time: < 1 MinuteThe Kingdom is participating in the G20 Summit 2017, which is chaired by Germany, and will be held on July 7 and 8, 2017 at the fairgrounds in Hamburg, northern Germany, where the Kingdom is one of the founding countries and a member of the G20 Club, which includes two-thirds of the world's trade, and also represents more than 90% of the global crude product, and aims to strengthen international synergy and consolidate ... Read more
Reading time: 2 MinutesA recent real estate study issued by the Riyadh Chamber of Commerce confirmed that the lack of habitable white land in the capital is behind the continuous rise in rents, expecting at the same time that the capital will witness a large and unprecedented real estate boom during the coming period, due to the large population growth, calling at the same time to intensify and support real estate financing programs, to face the housing crisis, and called ... Read more
Reading time: 2 MinutesA recent report specializing in project appraisal has found that the volume of future development works under development that have not been awarded major contracts is worth more than $250 billion, according to a new report prepared by MEED, a leading business intelligence company, titled Saudi Arabia “2017: Realizing Vision 2030”. He pointed out that these projects represent about 39% of the total ... Read more
Reading time: < 1 MinuteFollowing the positive movement created by the three auctions of the estate of Sheikh Saleh bin Abdulaziz Al Rajhi, the Liquidation Board of the Estate of Sheikh Saleh Al Rajhi, in cooperation with Itqan Real Estate and under the supervision of the Ministry of Justice, is auctioning Riyadh Gallery and its adjacent land for sale soon after Eid Al Fitr. The Riyadh Gallery is one of the most distinguished investment sites in the north of the capital, Riyadh, and is located ... Read more
Reading time: < 1 MinuteIn fulfillment of the Bahraini government's commitment to stimulate the use of renewable energy systems, especially solar energy in the homes of citizens in the housing sector, the Ministry of Housing has signed agreements to install a system for a limited number of rooftops of citizens benefiting from housing units. The current of the solar system will be launched on December 1, 2017. In the same direction, Housing explained that the initiative was initiated to take the necessary measures ... Read more
Reading time: < 1 MinuteBahrain's Al Saraya Real Estate Company revealed that it is investing $200 million, equivalent to about 75 million Bahraini dinars, to build 9 new real estate projects in different areas in Bahrain. The company explained that it will deliver 4 projects during the current year, while the other 5 projects are still under construction, and the cost of the projects to be delivered this year amounts to about 7.4 million dinars, ... Read more
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