Month: August 2017

Installing Windows and Doors EPISODE ( 58 ) Majed Almuhaimeed

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Reading time: 2 MinutesOnce the «nail-based mortar» plastering is complete and the surface has been sprayed with water for four days, the plasterer begins work starting from the highest point of the building «roof deck and extensions,» where «buj» is applied—small pieces of cement or tile placed at the corners of the wall—and strings are stretched to ensure the wall is straight. After that… Read more

7000 industrial facilities in Saudi Arabia are subject to the self-monitoring system

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Reading time: < 1 MinuteThe Ministry of Environment, Water and Agriculture will soon launch the first initiative of its kind at the national level, which involves establishing a central unit for real-time air quality monitoring and source emission control, which will benefit public health in the Kingdom of Saudi Arabia through the enforcement of relevant legislation. This initiative will contribute to a qualitative transformation through a roadmap … Read more

Articles from Amlak Newspaper... Abdulaziz Al-Issa writes: Housing... and the Timeline

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Reading time: 2 MinutesThe Ministry of Housing is making significant efforts to award contracts to real estate developers and contractors in order to achieve its strategic goals of building and constructing suitable housing for beneficiaries who hope that their years of waiting and patience will be rewarded. To ensure that these efforts are sustained and bear fruit, the Ministry must establish a timeline for all its ongoing housing projects; this timeline must be binding on the developer responsible for construction, … Read more

The Real Estate Fund continues its efforts to facilitate access to home loans by financing prefabricated buildings

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Reading time: 2 MinutesThe Real Estate Fund is working to streamline the process of obtaining financing or loans for those eligible for housing support across the Kingdom, and has recently signed several agreements to this end. Signing of Agreements: The Real Estate Fund has strengthened its agreements by signing an agreement with the Public Pension Agency and the Real Estate Development Fund, under which monthly deductions for the Fund’s installments will be made from the pension… Read more

Amlak Articles... Dr. Hossam Youssef writes: The Poor Billionaire

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Management - Intelligence - Management Science - Real Estate

Reading time: 2 MinutesPeople generally believe that all wealthy individuals live lives of luxury and pleasure, spend their money lavishly without restraint, and reside in grand, spacious mansions with more than fifty rooms. The reality is that only some of them live this kind of life, not all of them. There are billionaires who have chosen to live the simple life like others with average incomes from the middle class, and do not… Read more

Following a review by the General Auditing Bureau... the cost of consulting contracts violates the royal decree

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Reading time: < 1 MinuteAn audit by the General Auditing Bureau revealed that the entities subject to its oversight had expanded their involvement in numerous consulting contracts over the past several fiscal years, with the total contract value reaching approximately 12 billion riyals for contracts providing consulting services in the areas of training, employment, and information technology, and other contracts during the past fiscal year 1437-36. The Bureau considered this a violation of the royal decree mandating a reduction in reliance on consulting firms, and noted … Read more

«The Ministry of Municipal and Rural Affairs is drawing on international expertise to accelerate digital services

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Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs has established a highly reliable and available municipal information center for information technology with the aim of providing innovative digital services to citizens and residents throughout the Kingdom and accelerating the pace of the massive digital transformation the Ministry is undergoing to achieve its strategic objectives, which are aligned with the standards of the National Transformation Program 2020 and Vision 2030. The Ministry of Municipal and Rural Affairs is considered one of the government agencies … Read more

Launched by the Ministry of Commerce, the Unified Service Center (Marras) is making a major leap forward in the services it provides to investors

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Reading time: 2 MinutesThe Ministry of Commerce and Investment has enhanced the services it provides to businesspeople and the investment sector. Last week, Minister of Commerce and Investment Majid bin Abdullah Al-Qasabi, in the presence of representatives from 16 government agencies, launched the Unified Service Center for the (Marras), which will bring about a qualitative leap in the services provided to the investment sector. 40 e-services The center offers 40 e-services from relevant government agencies … Read more

Al-Bilad Bank Signs Financing Agreement with Space Technology Company to Provide Communications and Internet Solutions

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Reading time: < 1 Minute  Al-Bilad Bank has signed a joint cooperation agreement with Taqnia Satellite Company that includes long-term financing to provide satellite communications services for internet, voice, and free-to-air television reception via satellite. Satcom is a subsidiary of the Saudi Technology Development and Investment Company (Techna), which is wholly owned by the Public Investment Fund and aims to transfer technology … Read more

Ministry of Finance sets August 20 as the date for the second issuance of the Saudi Riyal Sukuk program

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Reading time: < 1 Minute  The Ministry of Finance, represented by the Public Debt Management Office, announced that, depending on market conditions, it intends to launch the second tranche of the Saudi Riyal government sukuk issuance program during the week beginning Sunday, August 20, 2017. A statement with further details will be released at a later date. The Ministry’s announcement comes within the framework of the program, the Ministry of Finance announced. … Read more

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