Month: July 2017

Submitting the Sukuk program to the Capital Market Authority in order to secure the financing needs of the public treasury

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Reading time: < 1 Minute  The Ministry of Finance—represented by the Public Debt Management Office—announced the completion of the establishment of the Saudi riyal sukuk program, which has no fixed term or value, on 26 Shawwal 1438 AH, corresponding to July 20, 2017 AD, Through this program, the Ministry will issue sukuk and offer them to investors in several phases from time to time, in accordance with the discretion of the Ministry of Finance, which is authorized to do so under the Budget Decree. The terms will be determined … Read more

Saudis Invested 1.7 Million Dinars in Jordanian Real Estate Last June

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Reading time: < 1 Minute  ضخ السعوديون في شهر يونيو الماضي 1.7 مليون دينار في العقارات الأردنية لتحل ثالثاً في حركة بيع العقارات, حيث جاءت العراق في المرتبة الأولى بحجم استثمار بلغ نحو 13 مليون دينار، فيما جاء الكويتيون بالمرتبة الثانية بشرائهم عقارات بقيمة تجاوزت الثلاثة ملايين دينار أردني،  وبنسبة وصلت %15 من نسبة البيع، فيما جاء السوريون رابعا … Read more

Prince Khalid Al Faisal reveals details of Al Faisaliah residential and administrative project next Wednesday

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Reading time: < 1 MinuteThe real estate sector is eagerly awaiting the unveiling of details regarding the Al-Faisaliah residential and administrative project in the Makkah region next Wednesday, during a press conference to be held by His Royal Highness Prince Khalid Al-Faisal, Governor of the region. Dr. Hisham bin Abdulrahman Al-Faleh, Secretary-General of the Makkah Region Development Authority, explained that Prince Khalid Al-Faisal will reveal details of the residential, administrative, and recreational project, including its objectives and components … Read more

Amlak Newspaper Articles Engineer / Meshal bin Khalid writes: The role of the real estate sector in the development of cities

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Reading time: < 1 MinuteReal estate development and investment play an active role in the development and growth of cities and in improving their urban landscape, provided that those in charge are committed to doing so. This is achieved through several measures, which we summarize in the following points:   – Enforcing planning regulations and requirements that are reviewed by municipal authorities. – Implementing vital and important licensed projects and proposed developments, such as hotels and residential and commercial towers, in accordance with modern designs … Read more

The House of a Lifetime: Step-by-Step Episode (56) .. Prepared by Majid Al-Muhaimid

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Reading time: 2 MinutesDuring the electrical wiring phase of the building, the HVAC contractor begins its work by installing HVAC outlets in accordance with the approved plan, which specifies a central, concealed HVAC system, wall-mounted, ceiling-mounted, and window-type units, so that the electrician can connect the electrical wiring to all air conditioning points, provided that the wire gauge is specified by the air conditioning company based on the capacity of each unit … Read more

«Tourism Authority boosts its projects with the launch of the »Riqia« initiative for crafts and handicrafts

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Reading time: 2 MinutesThe General Authority for Tourism and National Heritage continued to strengthen its efforts to develop a «Raqiya» for high-quality Saudi crafts and handicrafts by establishing the Saudi Crafts and Handicrafts Company, whose founding was approved by the Council of Ministers as part of the National Transformation Program 2020 initiatives. Product Development and Marketing The «Raqiya» initiative aims to develop and market Saudi handicraft products in local markets … Read more

«Housing» will allocate 200 thousand square meters for the project The cooperative housing association in Riyadh starts implementing 1000 housing units

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Reading time: < 1 MinuteDr. Abdullah bin Jalawi Al-Shadadi, Chairman of the Board of Directors of a cooperative housing association in Riyadh, confirmed that they will continue to cooperate with the Ministry of Housing to implement the contract signed last April under the auspices and with the support of His Excellency Minister of Housing Majid Al-Hogail, which calls for the construction of 1,000 as part of the Cooperative Housing Initiative. In an exclusive statement to the real estate newspaper Amlak, Al-Shadadi revealed some details … Read more

Articles from Amlak Newspaper... Dr. Hossam Youssef writes: “Limping Management”

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Management - Intelligence - Management Science - Real Estate

Reading time: 2 MinutesNo one disagrees that the third world countries' main issue lies in poor management, poor planning, unclear future vision, and other things, and management scholars have analyzed this aspect, especially since all attempts to apply and, if we want to be precise, imitate the Western administrative model characterized by precision and rigor have failed government agencies in the developing world to adopt it ... Read more

Off-Plan Sales Issues a License to Sell 22 Real Estate Units in the ”Canary Residential” Project in Riyadh

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Reading time: < 1 Minute  The Off-Plan Sales and Leasing Committee at the Ministry of Housing has issued a license for the off-plan sale of 22 real estate units for the “Canary Residential Complex” project in Riyadh, developed by “Hafz Al-Kayan,” covering a total area of 26.3 thousand square meters. Mohammed bin Saud Al-Ghazwani, Secretary-General of the Off-Plan Sales and Leasing Committee, explained that the license granted to “Hafz Al-Kayan,” the project’s owner, allows … Read more

Taif Tourism conducts 300 inspection tours in hostels and hotels and seizes 50 violations

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Reading time: < 1 Minute  The General Authority for Tourism and National Heritage in Taif Province identified 50 various violations in the tourist accommodation sector—including hotels, furnished apartments, and villas—during a campaign that involved 300 inspection rounds. The violations centered on price irregularities, poor hygiene in the accommodations, failure to display a license, violations related to business operations, lack of a license from the Authority, and substandard conditions… Read more

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