Month: August 2017

It lasted for 30 days. Riyadh's 13th edition of the Riyadh Shopping and Entertainment Festival

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Reading time: 2 MinutesAfter running for thirty consecutive days, the 13th edition of the Riyadh Shopping and Entertainment Festival concluded its events, which began on the 9th of Shawwal with the participation of 16 shopping and entertainment centers, and sponsored by a number of companies and institutions. Over the course of 30 days, it featured dozens of diverse entertainment and marketing programs across various shopping centers. A range of entertainment programs and the Riyadh Festival’s events stood out… Read more

Amlak Newspaper Articles Dr. Hussam Youssef writes: Who is stealing our lives?

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Management - Intelligence - Management Science - Real Estate

Reading time: 2 MinutesI’ve thought a lot about the daily events and occurrences that pass us by—where do they go after they happen, and what is this vast repository where they’re archived, to be retrieved when needed? For every single day—indeed, every hour, or more precisely, every second—hundreds of events and situations occur that pass without return, but where they go, I do not know . . . And I wondered from … Read more

11 global and regional partnerships strengthen the Real Estate Institute's strong start in regulating the sector

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Reading time: < 1 MinuteTo mark its launch, the Saudi Real Estate Institute signed approximately 11 global, regional, and local partnerships last week during its inauguration ceremony, with the aim of contributing to the development and regulation of the real estate market. Minister of Housing Majid bin Abdullah Al-Hogail and His Excellency the General Supervisor of the Saudi Real Estate Institute, Engineer Muhammad bin Faisal bin Muammar, signed local and international partnership agreements with a number of entities … Read more

Amlak Newspaper Articles Abdulaziz Al-Issa writes: Retirement And the dream of housing

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Reading time: 2 Minutes  Online media outlets shared a video clip of a brief but extremely important conversation between the Minister of Housing and a retired citizen, in which the latter explained his personal situation regarding his failure to secure suitable housing as the head of a 10-member household, It’s impossible for him to be allocated a three-bedroom apartment like this one—just like any young person starting out in life…!! The problem with this… Read more

Certified Valuers Authority qualifies 66 women to work in the field of real estate valuation

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Reading time: < 1 MinuteThe Saudi Authority for Accredited Appraisers (Taqeem) announced that it has trained 66 women to work in the field of real estate appraisal through courses the authority launched at the beginning of this year; this initiative is intended to serve as a foundation for women interested in pursuing a career in real estate appraisal in the Kingdom, enter the field of appraisal, and obtain professional membership. The curricula for these training courses include more professional than practical subjects, and are considered … Read more

Ministry of Housing completes first villas with modern construction techniques in 35 days

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Reading time: < 1 MinuteThe Ministry of Housing has completed the first villas built using modern construction techniques as part of the Riyadh Housing Project, within the 35-day timeframe previously announced by the ministry, adding that this step aims to reduce the time required to complete the construction process, as well as lower the overall cost of the ministry’s projects, so that citizens can obtain suitable housing at the lowest possible prices while maintaining … Read more

Andalus Real Estate reveals the details of its sale of its Jeddah mall and adjacent hotel

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Reading time: < 1 MinuteAl-Andalus Real Estate Company has revealed details of the agreement it signed with Al-Ahli Financial Company regarding the sale of the real estate fund project, with Al-Ahli Financial Company set to manage the fund. The sale involved the Al-Andalus Mall and the adjacent hotel in Jeddah – The company will retain a majority stake in the fund, valued at 1,350 million riyals, representing 70 % of the sale value (945 … Read more

Shawwal real estate index falls by 21% and achieves transactions worth 11.5 billion riyals

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: < 1 MinuteThe value of real estate transactions completed during the month of Shawwal 1438 AH fell by 21% compared to the same period last year, reaching 11.5 billion riyals, Data released by the Ministry showed that the value of real estate transactions declined by 29% during the first ten months of 1438 AH, reaching 173.7 billion riyals, compared to approximately 245.1 billion riyals recorded during the same … Read more

“KDIPA launches instant license renewal service to facilitate doing business

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The best companies

Reading time: < 1 MinuteThe «Saqia» Investment Authority has launched the «Instant Renewal» service, which allows investors to renew their investment licenses immediately and directly. The Authority stated that this step is part of its ongoing efforts to facilitate doing business in the Kingdom and ensure investor satisfaction, as the service allows investors to renew their investment licenses in record time, easily and conveniently. The service is distinguished by its ability to link investor information electronically … Read more

Tourism Authority in Makkah and Madinah calls on tourist accommodation facilities to localize jobs and seize violating establishments

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Reading time: < 1 MinuteThe General Authority for Tourism and National Heritage in Makkah and Madinah called for compliance with job localization programs at all tourist accommodation facilities within the central zone and, during its scheduled regulatory inspection tours of these facilities, emphasized that they must not employ individuals who violate residency and labor regulations at these sites and facilities. The Authority noted its efforts to regulate and improve the services provided to pilgrims and to verify … Read more

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