Month: July 2017

Al Ahli Bank organizes five meetings to support SME businesses

by

Reading time: < 1 Minute  Al Ahli Bank recently organized five meetings with SME customers in different cities of the Kingdom under the title “Supporting SME business growth opportunities in light of the economic transformation to achieve Vision 2030", and discussed the National Transformation Strategy 2020 and Saudi Vision 2030 and its impact on SMEs, and the prosperity of SMEs during the economic transformation. For his part, Sharif Khalid Al ... Read more

Plans to establish a real estate fund. Al Tayyar Group acquires strategic hotels in Makkah

by

Reading time: < 1 MinuteAs part of its strategy to expand in the hospitality sector, Al Tayyar Travel Holding Group announced the acquisition of Muthmara Real Estate Investment and Development Company, which owns several real estate and hotel projects in Makkah, as well as the acquisition of the Sheraton Makkah Hotel, which is located directly on the Haram Square and has 422 hotel rooms and apartments, and Iconix ... Read more

Ziad El Chaar appointed as CEO Dar Al Arkan succeeds in issuing a Sukuk worth nearly 1.9 billion riyals

by

Reading time: < 1 MinuteDar Al Arkan Real Estate Development Company announced the appointment of Ziad Al Shaar as CEO of the company, as of the beginning of last month. On this occasion, the Chairman of the Board of Directors of the company, Yousef Al Shalash, explained that the appointment of Al Shaar came to benefit from his expertise due to his distinguished career and extensive experience in the field of real estate, financial and leadership work, which fits with the current trends of the company ... Read more

Under the patronage of the Governor of the Riyadh Region, the Riyadh Shopping Festival kicks off today with the participation of 16 shopping malls

by

Reading time: < 1 Minute  With the participation of 16 shopping centers, the Riyadh Shopping and Entertainment Festival (1438 AH–2017 AD) in its 13th edition, under the patronage of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, at Al-Hamra Mall. The festival will run for one month. On this occasion, Eng. Ahmed bin Sulaiman Al-Rajhi, Chairman of the Board of Directors of the Riyadh Chamber of Commerce—the festival’s organizer—… Read more

Decreased by 30%... 162.2 billion riyals worth of real estate transactions during 9 months

by

Reading time: < 1 MinuteThe value of real estate transactions completed during the month of Ramadan 1438 AH fell to 31% compared to the same period last year, when it stood at 12.5 billion riyals, according to data released by the Ministry of Justice. A 30% Decline Over 9 Months Over the past nine months of 1438 AH, real estate transactions declined by 30% to reach 162.2 billion riyals … Read more

The Developer Services Center Approves 24 Projects Covering an Area of More Than 40 Million Square Meters

by
real estate - building permits - projects - residential real estate development - projects - schemes - residential projects

Reading time: 2 MinutesThe “Etam” Developer Services Center has completed the approval of twenty-three real estate project plans representing the first and second phases of the Ministry of Housing’s project plans, with a total area estimated at forty million square meters across a number of cities, provinces, and districts in the Kingdom, as well as approving a comprehensive private-sector development project in cooperation with the Riyadh Municipality, covering an area of 150,000 square meters. The General Supervisor of the “Etam” Center, Muhammad bin …, explained Read more

Valued at millions of dollars... A diverse selection of international and U.S. properties at a Hong Kong auction

by

Reading time: < 1 MinuteThe Chinese city of Hong Kong has begun promoting 20 properties worldwide and offering them for public auction, according to an auction featuring high-end and luxury homes from around the world. According to the MLive website, the list features homes that will each sell for millions of dollars, and the viewing and bidding window—which began last Wednesday—is scheduled to remain open for 36 hours… Read more

Taif Tourism celebrates one million visitors during the Eid Al-Fitr holiday and pays attention to services and facilities

by

Reading time: < 1 MinuteParks and tourist sites in Taif attracted one million visitors during the Eid al-Fitr holiday, according to visitor count systems. Al-Radf Park, King Abdullah Park, and Al-Faisaliah Park hosted a number of events and celebrations for the holiday. The General Directorate of Parks and Landscaping provided services and facilities to all public parks and recreational areas throughout the province, while the Municipal Investment Development Department coordinated with park investors … Read more

The Asir Region Prepares to Welcome Two Million Tourists to the “Abha Brings Us Together” Festival… and Hotels Are Under Scrutiny

by

Reading time: < 1 MinuteThe city of Abha, winner of the title “Capital of Tourism,” has completed its preparations to welcome more than two million expected tourists, following the model of the previous tourism and shopping festival, which generated two billion riyals in spending, according to statistics from the Tourism Research and Information Center at the General Authority for Tourism and National Heritage. Tourists have begun flocking to the Asir region, which has finalized its preparations by providing all necessary tourism services to welcome them, … Read more

During the first quarter 642 billion riyals worth of GDP. The value of exports and the decline in imports

by
Saudi Exports - GDP

Reading time: 2 MinutesAt the end of the first quarter of 2017, gross domestic product (GDP) stood at approximately 642.96 billion riyals, a slight decrease of 0.5% from last year, when it reached 646.37 billion riyals, according to data from the General Authority for Statistics. Components of GDP: As for the components of GDP in the government sector, the first quarter of 2017 saw a decline in … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.