Month: August 2017

“Saudi Bin Laden Group” Resumes Work on the Two Holy Mosques Project and Schedules Salary Payments for Employees in the Sector

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Reading time: < 1 Minute  There was widespread optimism among construction companies regarding the Saudi Binladin Group’s return to work on projects at the Two Holy Mosques, The group had issued a circular announcing its return to work in the architecture and construction sector of the Two Holy Mosques after this year’s Hajj season, 1438 AH. In the circular, the group instructed all employees in the Two Holy Mosques sector to resume their work and report to their job sites… Read more

The Saudi Construction and Decoration Exhibition kicks off next March and showcases development projects in the Kingdom  

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Reading time: < 1 MinuteJeddah is hosting the Saudi Building and Decoration Exhibition 2018, which is considered the premier event for the construction and building sector, with a special focus on the industry’s most thriving sectors, including construction, interior design, furniture, HVAC, glass, wood, roofing, and heavy equipment. The exhibition, which will take place from March 13–16, 2018, at the Jeddah Convention and Events Center, will feature specialized sections … Read more

The Ministry of Commerce is launching online services today for the renewal of business registrations

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Reading time: < 1 MinuteAs part of the Ministry of Commerce and Investment’s initiatives, the Ministry of Commerce and Investment today launched an online commercial registration renewal service for companies via the service website com.cr.sa, to serve the commercial and investment sectors in the Kingdom in collaboration with its strategic partner, Thiqah Business Services. According to the Ministry of Commerce, companies can renew their commercial registration electronically through simple and easy steps, as the service for establishing and renewing company contracts … Read more

Manzal Real Estate's profits jump to 56.5 million dirhams, an increase of 811%

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Reading time: < 1 Minute  Manazel Real Estate’s half-year net profit reached AED 56.5 million, rising by 81.1% to AED 56.5 million during the first half of this year, compared to AED 31.2 million in the first half of 2016. Revenue for the period rose by 541% to reach AED 412 million. Mohammed Muhanna Al Qubaisi, Chairman of the Board of Directors of … Read more

Ministry of Housing finalizes construction of 50,000 housing units in partnership with the private sector

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Reading time: < 1 MinuteEngineer Ahmed Mandoura, General Supervisor of the Private Sector Partnership Program at the Ministry of Housing, confirmed that 50,000 housing units have been built by qualified real estate developers under the Private Sector Partnership Program to date. Mandoura explained that 60,000 housing units will be awarded to qualified real estate developers in due course. He added that the number of real estate developers who … Read more

The off-plan sales program allocates 110,000 housing units to be delivered within three years

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 MinuteDuring a press conference held by the Ministry of Housing to mark the seventh phase of the “Sakani” program, Ahmed Mandoura, General Supervisor of the Ministry’s Public-Private Partnership Program, stated that the partnership with the private sector has resulted in the start of construction on thousands of housing units offering diverse options, high quality, and affordable prices ranging from 250,000 to 700,000 riyals, in line with … Read more

Housing pumps more than 28 thousand housing products in the seventh installment of the “Residential Program”

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Reading time: 3 MinutesThe Ministry of Housing continued to roll out its private housing products “Housing Program,” announcing yesterday the details of the seventh batch for August, comprising a total of 28,051 housing units, including 7,700 subsidized loans in partnership with banks and financial institutions, 7,807 plots of land provided free of charge, and 12,544 housing units under the “Wafi” off-plan sales program in partnership with real estate developers, bringing the total number of housing units … Read more

Real estate prices in Saudi Arabia fluctuate between cities Riyadh has the highest average price of residential real estate

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: 2 Minutes Statistical reports from the Ministry of Justice tracking real estate activity from the beginning of the current Hijri year 1438 through the end of last week revealed real estate prices across the Kingdom’s regions, with the Riyadh region topping the list for the highest average residential property prices in the Kingdom, where the average price of residential buildings reached 8.99 million riyals, while the average in the Eastern Province, which ranked second, was 3.06 … Read more

The Jeddah Real Estate Development and Investment Exhibition will kick off at the end of October with 80 exhibitors

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Reading time: < 1 MinuteWith the participation of more than 80 real estate companies specializing in the real estate industry, the ninth edition of the Jeddah Real Estate Development and Investment Exhibition (Stevision Expo 2017) will kick off under the patronage of His Royal Highness Prince Mishaal bin Majid, Governor of Jeddah. The exhibition will take place from October 31 to November 2 at the Jeddah Center for Forums and Events, affiliated with the Jeddah Chamber of Commerce, with the participation of a select group of… Read more

It has 1140 apartments. Nakheel Properties submits 5 bids for Dubai's Dragon Towers

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Reading time: < 1 MinuteNakheel Properties has revealed that it has received five bids for the construction of the Dragon residential towers in Dubai’s Dragon City district, noting that the lowest bid it received was 900 million dirhams. The towers consist of 1,140 one- and two-bedroom apartments directly connected to the Dragon Retail Center (the Chinese Market), and each tower comprises two floors dedicated to retail and four floors … Read more

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