Month: October 2017

Prince Mohammed bin Salman College's SAR 1 billion endowment fund for continuity of funding

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Reading time: < 1 MinuteThe Prince Mohammed Bin Salman College of Management and Entrepreneurship in King Abdullah Economic City has announced the establishment of an endowment fund to enhance its scientific, research and applied programs and activities, and ensure sustainable funding to achieve its goals of supporting the labor market with national cadres, enhancing the role of small and medium enterprises, and contributing to the development of the national economy in line with the aspirations of youth and the aspirations of the “Vision ... Read more

400 participants enrich the African Hotel and Hospitality Summit in Morocco and 1,500 meetings on the sidelines of the summit

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Reading time: < 1 MinuteWith the participation of more than 400 leaders, the African Hotel & Hospitality Summit (North) concluded its 2017 session to promote the growth of the hospitality sector held at the Mazagan tourist resort in Morocco, where more than 200 purchasing delegates attended the forum to meet the needs of 71 suppliers of world-class hospitality products and services, and organized ... Read more

Dubai real estate brokers earn AED 1.3 billion in 9 months from AED 65.626 billion in sales

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Reading time: < 1 MinuteThe Dubai Land Department (DLD) revealed that the value of real estate brokers“ commissions amounted to AED 1.3 billion from the beginning of this year until the end of September 2017. The ”Land Department" showed that real estate brokers achieved these gains after completing the various categories of investment sales of land, buildings and units on the total sales values of 65.626 billion dirhams. It revealed that real estate brokers obtained ... Read more

The Capital Market Authority (CMA) approves the offering and registration of Makkah and Madinah units of the Masha'ir REIT

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Electronic platform

Reading time: < 1 MinuteWith a capital of SAR 572.4 million, the Capital Market Authority (CMA) has approved the offering, registration and listing of the units of Almashaer REIT on the Capital Market (Tadawul) as a closed real estate investment fund whose units are publicly offered and compliant with Sharia standards, established in accordance with the applicable laws and regulations in the Kingdom of Saudi Arabia and subject to the regulations and instructions of the Capital Market Authority (CMA). The fund aims to ... Read more

Speakers at Riyadh Chamber: The Real Estate Price Index is a sophisticated statistical indicator and fills the data gap in the sector

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Reading time: 2 MinutesIn the presence of a large number of businessmen and specialists, the Chamber of Commerce in Riyadh, in cooperation with the General Authority for Statistics, organized an introductory meeting on the real estate price index yesterday. The meeting highlighted the real estate price index and its most important objectives in creating advanced real estate statistical indicators that measure the performance of the real estate market in the Kingdom and fill the data gap in the real estate sector. The index bridges ... Read more

The Real Estate Fund enumerates the benefits of “subsidized financing” and the cessation of support in the event of death or total inability to pay

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Real estate fund

Reading time: < 1 MinuteThe Real Estate Development Fund confirmed that the “Subsidized Finance” program, which has been in effect since February this year, incentivizes beneficiaries to pay regularly, so that they can receive the monthly subsidy amount. The fund explained in a press release that if the beneficiary fails to pay the monthly installment to the financing entity, the subsidy is temporarily, not permanently, suspended, and the amount of the subsidy is returned ... Read more

In the presence of a large number of businessmen and specialists, the Riyadh Chamber organizes an introductory meeting on the real estate price index

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Reading time: < 1 MinuteIn the presence of a large number of businessmen and specialists, the Chamber of Commerce in Riyadh, in cooperation with the General Authority for Statistics, organized an introductory meeting on the real estate price index yesterday, and the meeting was moderated by a member of the real estate committee, Dr. Badr bin Ibrahim Al-Saidan, and the meeting highlighted the real estate price index and its most important objectives in creating advanced real estate statistical indicators that measure market performance ... Read more

Riyadh Chamber organizes “Contractor's Day” on November 29 to discuss the issues and obstacles of the sector

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Riyadh Chamber

Reading time: < 1 MinuteAs part of its various programs that deal with the issues of businessmen, the Riyadh Chamber is organizing a meeting entitled “Contractor's Day” on Wednesday, November 29, at the Chamber's headquarters in Riyadh on Prince Abdulaziz bin Musaed bin Jalawi Street, to bring together members of the contracting sector to discuss the most prominent obstacles and issues that hinder the development of the sector and discuss ways to address them and devise solutions to them. The chamber called on ... Read more

Qassim Community Housing Association signs contracts for the construction of 50 housing units with Lamsa Safa Contracting Company

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Reading time: 2 MinutesUnder the patronage of His Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of the region and Chairman of the Board of Directors and in the presence of His Royal Highness Prince Fahd bin Turki bin Faisal bin Turki bin Abdulaziz, Deputy Governor of the region, the National Housing Association in Qassim signed contracts for the construction of 50 housing units to serve the needy in the north and southwest of the region. Read more

“MICE licenses 1289 events during the third quarter. Riyadh accounts for 48% of events

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Reading time: 2 MinutesThe National Program for Conferences and Exhibitions revealed that 1289 events were licensed during the third quarter, an increase of 16% compared to the same period in 2016. The events included conferences, forums, workshops, workshops, meetings, training courses, trade, consumer and introductory exhibitions as a result of the development of the statutory and regulatory environment for the industry, facilitating the procedures for granting visas for visiting exhibitors and speakers, and developing the capacities of workers in the industry. 80% Satisfaction in... Read more

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