Month: October 2017

Public Investment Fund launches City Visions to build 80,000 hotel rooms and 500 residential units next to the Civil Mosque

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Reading time: < 1 MinuteThe Public Investment Fund announced the establishment of “Ru’a Al-Madinah,” an urban development company aimed at enhancing the capacity of the area surrounding the Prophet’s Mosque to accommodate a larger number of visitors to Medina. By developing the area east of the Prophet’s Mosque, which covers 1.3 million square meters, the company aims to add hotel capacity estimated at 240,000 guests per day in approximately … Read more

Ministry of Housing confirms that the housing subsidy program is designed with the applicant as the sole beneficiary

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Reading time: < 1 MinuteMedia sources confirmed that the housing subsidy program was designed so that the applicant is the sole beneficiary of the subsidy, in order to prevent the black market from entering the scheme. The Ministry of Housing explained that the program offers land to citizens at attractive prices compared to other commercial land prices. The ministry noted that the housing subsidy for citizens had been in effect for two and a half years before being amended following approval by the authorities… Read more

Ministry of Housing: 10.5 thousand housing units for 70 thousand people

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Reading time: < 1 MinuteHousing Minister Majid bin Abdullah Al-Hogail revealed details of the Taif Residential Suburb project, which will include 10,500 residential units of various types—including villas, apartments, and townhouses—and will be built on an area of up to 12 million square meters. Al-Hogail explained that the project is the largest residential project in the Makkah region, with a capacity of 70,000 residents, and is equipped with a full range of amenities … Read more

Amlak's editor-in-chief : The Chamber of Commerce should be involved in organizing exhibitions And the year 2018 is fateful for “housing”

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Reading time: 2 MinutesOn the sidelines of the Restatex Cityscape Riyadh exhibition, which concluded last Saturday at the Exhibition and Convention Center, Al-Iktisadiya TV, through its real estate programs, hosted Mr. Abdulaziz Al-Issa, editor-in-chief of Amlak newspaper, and Musfir Abudbil, a member of the Real Estate Committee, in an episode titled “The Real Estate Sector… Investment and Challenges). At the beginning of the episode, Abdulaziz Al-Issa called for the Chamber of Commerce to participate in organizing exhibitions… Read more

Riyad Bank Launches New Additional Benefits for Its “Hassad” Rewards Program and Promotes the Use of Its Banking Products

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Riyad Bank - Off-plan Selling - Real Estate Finance

Reading time: < 1 MinuteIn recognition of its customers and as part of its efforts to enhance its services, Riyad Bank has launched new additional benefits for its “Hassad” rewards program, expanding the program to award points for using most of the bank’s banking services and products—a change from the previous system, which awarded points only for credit card use. Riyad Al-Zahrani, Executive Vice President of Retail Banking at the bank, said that the bank is committed to innovating banking benefits that are carefully designed to meet … Read more

Four Pillars to Support Developers... Ministry of Housing Reaffirms Its Commitment to Establishing a Company Specializing in Real Estate Development

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Reading time: < 1 Minute  The Ministry of Housing reaffirmed its intention to establish a company specializing in real estate development, with the aim of building in areas where developers are reluctant to operate, such as villages, small towns, and small provinces; this is to ensure the availability of suitable housing anywhere in the Kingdom, This announcement was made during a workshop organized by the Ministry as part of the “Restatex – Cityscape 2017” exhibition… Read more

In a process that took 60 days Riyadh Municipality restores 17 million square meters in the southern neighborhoods

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Reading time: < 1 Minute  The Riyadh Region Secretariat reclaimed land covering an area of more than 17 million square meters in the neighborhoods of Al-Mansoura, Taiba, and Al-Musafa within the jurisdiction of the Al-Aziziyah Municipality, after carrying out a campaign to remove encroachments and unlicensed, unauthorized structures built on them, and took the necessary legal measures after notifying the violators of the need to vacate the sites of all illegal activities. Upon the expiration of the deadline, the Secretariat proceeded to remove the encroachments. The Secretariat noted … Read more

“Amlak Newspaper promotes positivity in the real estate market ”Al Jarboua Real Estate showcases “Alia East Villas” and achieves the highest levels of success

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Reading time: < 1 MinuteWith great success, the Al-Jarbou Real Estate and Contracting Foundation, headquartered in Madinah, concluded its participation yesterday in the Restanx Cityscape Riyadh real estate exhibition, which was held in Riyadh from September 27 to 30, where it showcased the Al-Sharq Villas project, and highlighted some of its other projects in Madinah. Commenting on this participation via … Read more

“Itqan Real Estate” continues to offer properties from the estate of Sheikh Saleh Al-Rajhi… and begins marketing properties belonging to Prince Abdulrahman bin Abdulaziz

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Reading time: < 1 MinuteWith a lavish booth, Itqan Real Estate participated in the inaugural edition of the Restatex Cityscape Riyadh exhibition, which was officially opened by His Excellency Mr. Majid Al-Hogail, Minister of Housing, last Wednesday evening, which concluded yesterday evening, Saturday, September 30. On this occasion, Abdulaziz Al-Rashid, Chairman of the Board of Directors of Itqan Real Estate—the exclusive marketer of the estate of Sheikh Saleh Al-Rajhi, may he rest in peace… Read more

The 2017 “Restatex Cityscape” exhibition wrapped up yesterday in Riyadh… and international companies continue to explore the Saudi market

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Reading time: < 1 Minute  With the participation of 45 real estate companies, the “Restatex Cityscape” International Real Estate Exhibition 2017, which took place at the Riyadh International Convention and Exhibition Center from September 27 to 30. The exhibition featured a booth for the Ministry of Housing as well as a number of banks and financing companies. Over the course of its four days, the exhibition welcomed crowds of visitors and businesspeople from inside and outside … Read more

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