Month: September 2017

With a coverage ratio of 350%, Ministry of Finance: Subscription requests for local Sukuk issuance exceed SAR 24 billion

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Government Procurement - Ministry of Finance - Real Estate Investment

Reading time: < 1 MinuteThe total value of subscription orders for the domestic sukuk announced by the Ministry of Finance exceeded 24 billion Saudi riyals, noting that the issuance size was set at a total of 7 billion Saudi riyals with a coverage ratio of 3,501%. This came following the completion of the acceptance of investor applications for the third domestic issuance under the Kingdom of Saudi Arabia’s government sukuk program… Read more

“The Ministry of Municipal and Rural Affairs plans to develop an urban strategy and update the regulations governing the disposal of municipal real estate to regulate investment

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Residential Land - Riyadh Future Projects - Real Estate

Reading time: < 1 MinuteEngineer Abdul Latif Al Sheikh, Minister of Municipal and Rural Affairs, revealed that the ministry is currently working on updating the regulations governing the disposal of municipal real estate, with the aim of regulating municipal investment in real estate and municipal services. During his participation in the Biban 2017 Forum, he explained that the proposed amendments to the regulations focus on expanding private sector participation, supporting small and medium-sized enterprises, and promoting long-term investment … Read more

During Bipan Forum 2017: “Municipal and Rural Affairs” enables immediate licensing of 168 municipal activities

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Reading time: 2 MinutesThe “Biban Forum 2017,” organized by the General Authority for Small and Medium Enterprises, continues for its second consecutive day at the Riyadh International Convention and Exhibition Center in Riyadh, which has garnered significant attention from the Ministry of Commerce and Investment, the Ministry of Municipal and Rural Affairs, the Ministry of Agriculture, the Ministry of Environment and Water, and other government agencies and private sector institutions. The government’s role in enabling the establishment of small businesses: On the first day, participants… Read more

165 licenses for consumer fairs were issued during the first half of 2017... and three informational workshops were held

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Reading time: < 1 MinuteDuring the first half of 2017, the National Program for Exhibitions and Conferences issued approximately 165 licenses to hold consumer goods exhibitions out of a total of 269 applications. A report issued by the program revealed that the number of licensed exhibitions increased by 221% compared to last year, attracting more than 3.4 million visitors. The report indicated that 143 of these exhibitions were held in exhibition centers, hotels, and complexes… Read more

65 exhibitors representing 10 countries participate in MIPAA Show Morocco 2017 in Morocco

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Reading time: 2 MinutesUnder the patronage of His Majesty King Mohammed VI of Morocco, 65 exhibitors representing 10 countries participated in the second edition of the Business Aviation Show (MIPA Show Morocco 2017), dedicated to private aviation professionals and organized by the Middle East and North Africa Private and Business Aviation Association, in partnership with the Moroccan National Airports Office and the Ministry of Tourism and Air Transport, which concluded its activities in Marrakech on … Read more

In conjunction with other platforms Hospitality and hotel exhibitions kick off in Dubai on Monday

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Reading time: < 1 MinuteAlongside four other exhibitions, the Hospitality and Foodservice Exhibition—Gulf Host 2017—kicks off today at the Dubai World Trade Centre. The exhibition is the first of its kind in the region. The exhibition coincides with the Hotel Show organized by DMG Events, the Specialty Food Festival, the Middle East and Africa Seafood Exhibition (SEAFEX), and the YAMEX exhibition, These exhibitions offer a comprehensive range of sourcing platforms … Read more

Units in the “Makkah Real Estate Development Fund” are being offered with a capital of over 6 billion riyals… and the subscription period will last for one month

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Reading time: < 1 MinuteWith a capital of 6,090,000,000 Saudi riyals, Al-Inmaa Investment Company today launched a public offering of units in the “Al-Inmaa Makkah Real Estate Fund” for Saudi citizens for a period of thirty days, with the subscription period ending on Tuesday, October 17, 2017. The fund is an investment vehicle in the real estate sector; it is a closed-end income-generating fund that complies with Sharia standards and regulations. On this occasion, Saleh Al-Hanaki, CEO of Al-Inmaa Investment Company, explained that … Read more

“The Eastern Province Municipality invites recipients of land grants for the years 1425–1426 AH to attend the public lottery at the municipality’s headquarters

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Reading time: < 1 MinuteThe Eastern Province Secretariat has invited citizens who have received royal decrees—as directed by His Excellency Fahd bin Mohammed Al-Jubeir, Secretary of the Eastern Province, to begin finalizing their procedures—covering the second part of the third phase for the years 1425–1426 AH and implemented in Al-Khafji Governorate, to attend the public lottery on Tuesday morning at the Eastern Province Secretariat Theater at 10:00 a.m. The Director General of … Read more

With 1,000 participants and the patronage of the Custodian of the Two Holy Mosques, Riyadh will host the Future Investment Initiative on October 24

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Investment

Reading time: < 1 MinuteUnder the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud —may God protect him—, the “Future Investment Initiative” will kick off in Riyadh from October 24 to 26, 2017, as recently announced by the Public Investment Fund. This initiative is the first of its kind in the world. This initiative will mark a qualitative leap in the field of investment … Read more

Nestlé Logistics localizes the transportation and classification of goods at Jeddah Islamic Port

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Saudi Arabia's economic growth

Reading time: < 1 Minute  The Saudi Trade and Export Development Corporation (TASDEER) has signed an agreement with Nestlé Logistics to operate within the Jeddah Islamic Port, The agreement covers the transport of private goods to the storage area, the application of identification labels to the goods, and their immediate compliance with customs regulations upon arrival at the port. On this occasion, Captain Abdullah Al-Zama’i, General Manager of Jeddah Islamic Port, emphasized that the agreement … Read more

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