Month: October 2017

“Riyadh Development Authority” Launches an Online Platform to Define Building Codes for the City of Riyadh

by

Reading time: < 1 MinuteThe Riyadh Development Authority has launched an online platform dedicated to building regulations for land parcels in the city of Riyadh, During its beta phase, the website has been equipped with advanced search engines covering several criteria, including the municipality, neighborhood, and street name, allowing users to locate a specific plot number on the map by clicking on it. The website is designed to provide information on building regulations for land parcels in Riyadh, and the Authority explained that … Read more

With 214 exhibitors participating, Jeddah will host the “Foodex Saudi” food exhibition on November 12  

by

Reading time: < 1 Minute  With 214 exhibitors from 35 countries, the “Foodex Saudi” exhibition on November 12 and will run for four days at the Jeddah Convention and Events Center. The exhibition will feature the latest and most premium products in the retail, food manufacturing and distribution, and hospitality sectors. On this occasion, Ms. Haya, Chair of the exhibition’s organizing committee, announced the launch of a business meeting coordination program… Read more

75% of Hong Kong's The Center tower sold for $40.2 billion

by

Reading time: < 1 MinuteFor $40.2 billion, “CK Ast Holdings,” owned by billionaire Li Ka-shing, is selling 75% of its stake in “The Center,” one of Hong Kong’s most iconic and towering skyscrapers. The “Hong Kong Economic Journal” reported that the deal will be announced in the near future, without disclosing its source. These proceeds will provide “CK … Read more

Wafi Issues 7 Licenses for the Sale and Marketing of Real Estate Inside and Outside the Kingdom

by

Reading time: < 1 MinuteThe Off-Plan Sales and Leasing Committee “Wafi” issued seven licenses for the sale and marketing of real estate within the Kingdom. The committee reviewed a number of license applications for the sale and marketing of several real estate projects, and approved the issuance of off-plan sales licenses for the Al-Wajhah Residential Project in Dammam and the Riyadh Housing Project, as well as “Tilal Unaizah,” “Wahat Tabuk,” and ”Makarim Arar”—which are being developed in partnership with the Ministry of Housing—and the project … Read more

The Ministry of Housing fulfills 75% of the housing program. and pumped more than 30,000 products in the ninth installment

by

Reading time: 3 Minutes  The Ministry of Housing has fulfilled the equivalent of 75% of this year’s housing program, which is allocated 280,000 housing units and financing products. Yesterday, at a press conference, it announced details of the ninth batch of the “Sakani” program. The total number of housing units and financing packages announced was 30,569, distributed across all regions of the Kingdom and ranging from developed land provided free of charge to housing units through … Read more

January 1 is the start of the system. The General Authority for Zakat and Income Tax denies the existence of a value-added tax on salaries

by
Zakat & Income Tax - Zakat & Income Tax - Property Tax - Tax

Reading time: < 1 MinuteThe General Authority for Zakat and Income Tax (GAZT) denied the recent circulation of a value-added tax (VAT) on salaries, confirming in a tweet that the tax is calculated on goods and services only. “VAT is an indirect tax that is not levied on salaries, but on goods and services,” the authority explained via its account. It is noteworthy that VAT is ... Read more

Riyad REIT buys the Saudi Electronic University building for more than 137.6 million riyals

by

Reading time: < 1 MinuteWith a total value of more than 137.65 million riyals, Riyad REIT revealed that it has signed an agreement with the University Higher Education Fund to purchase the Saudi Electronic University building located in the Al Rabie neighborhood on the intersection of Abu Bakr Al Siddiq Road and Prince Saud bin Mohammed bin Muqrin Road (Towers) in northern Riyadh, which extends on an area of about 14,000 square meters and spaces ... Read more

Riyadh metro project puts 10 stations up for bidding to companies and brands

by

Reading time: < 1 MinuteThe Supreme Capital Development Authority (SCDA) will hold a press conference today to launch a tender to sell the naming rights of 10 Riyadh train stations to investors, large companies and brands in the local and international private sector, with the aim of maximizing the city's revenues from the project and launching promising marketing and commercial opportunities for the private sector. The Supreme Authority for the Development of Riyadh City has developed a methodology for naming a number of stations in ... Read more

Riyadh Chamber organizes a briefing on the Real Estate Price Index on October 29

by
Riyadh Chamber

Reading time: < 1 MinuteThe Riyadh Chamber, represented by the two sectors (economic, finance and real estate), will organize the introductory meeting on the real estate price index on Sunday, 9 Safar 1439 AH corresponding to October 29, 2017 at the Chamber's headquarters at 12:00 pm. The meeting will include speeches from representatives of the Chamber, the Real Estate Committee and the Statistics Authority, and a presentation on the real estate price index ... Read more

The Ministry of Justice issues a circular to conduct mortgage and mortgage discharge in one deed

by
Title Deed - Real Estate

Reading time: < 1 Minute  The Ministry of Justice issued a circular to conduct the real estate emptying and mortgage in a single procedure and deed, resulting in a mortgaged title deed, in order to preserve the rights of all parties. This circular came in response to the requests received in some notary publics to empty the property financed by a bank or finance company in favor of the customer first and then the mortgage ... Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.