Month: October 2017

Ministry of Interior urges citizens to obtain the necessary authorization to buy real estate in Mexico

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Reading time: < 1 MinuteThe Ministry of Interior has called on citizens wishing to buy real estate in Mexico to take the necessary authorization from the Legal Department of the Mexican Foreign Ministry. The Director of the General Department of Public Relations and Information at the Ministry of Interior, Major General Dr. Mohammed bin Abdullah Al-Marawal, explained that the Embassy of the Custodian of the Two Holy Mosques to the United Mexican States received a memorandum from the Legal Department of the Mexican Ministry of Foreign Affairs regarding (the right of foreigners to ... Read more

The editor-in-chief writes from Portugal The Republic of Portugal... Real estate and investment advantages and an attractive environment for businessmen

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Reading time: 4 MinutesPortugal - Editor-in-Chief Several cities in Portugal have wonderful tourist attractions such as castles, historical museums, parks, resorts and mountains Portugal grants permanent residence to foreign investors and their families when they own a property or open a company in a specific field There is joint cooperation between the Council of Saudi Chambers and the Portuguese Federation of Industries and a joint agreement was recently signed Portugal, or the Portuguese Republic, located on the southern side of ... Read more

Real estate REITs as a savings and investment channel The real estate sector is changing and the rental sector is growing

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Reading time: 2 MinutesA year has passed since the Capital Market Authority (CMA) published the instructions for Real Estate Investment Trusts (REITs) announced by the CMA in October last year 2016, in line with the National Transformation Program, which aims to increase GDP through safe investment in developed real estate, and is considered an important step towards structuring and developing the real estate sector, and a smart and practical treatment to increase the capital ... Read more

Musharaka REIT: More than 12,000 individuals and financial institutions have invested 3.8 billion riyals

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Reading time: < 1 MinuteThe Musharaka REIT is a closed-end traded real estate investment fund established in accordance with the Real Estate Investment Fund Regulations and the guidelines for traded real estate investment funds. The Fund’s strategic objective is to provide annual recurring income to unit holders by investing in developed real estate assets capable of generating recurring rental income and located primarily in… The Fund Manager is required to… Read more

Finance Minister in New York: The Kingdom is beginning to reap the benefits of Vision 2030... and has identified significant opportunities for foreign investment

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Finance Minister Al-Jadaan - Real Estate - Coronavirus - Kingdom's Budget

Reading time: 2 MinutesIn the presence of senior executives from Saudi companies and international financial institutions, Finance Minister Mohammed Abdullah Al-Jadaan explained the impacts and objectives of the macroeconomic policy pursued by the Kingdom, noting the pivotal role it plays in achieving Vision 2030, in light of a number of comprehensive reform measures implemented by the Kingdom aimed at modernizing and diversifying the economy to reduce dependence on oil. … Read more

Ministry of Commerce: 16 export licenses issued for cement and steel... and 4 other applications pending

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Reading time: < 1 MinuteFahad Al-Hathili, General Supervisor of the Consumer Protection Agency at the Ministry of Commerce and Investment, revealed that 16 licenses have been issued for the export of cement and steel. Al-Hathili said that these licenses, which met the specified conditions and requirements, include six licenses for cement exports (Northern Cement, Al-Jouf Cement, Tabuk Cement, Southern Cement, Hail Cement, and … Read more

The ninth phase of the housing program… The Ministry of Housing will offer more than 29,000 housing units and financing options next week

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Reading time: < 1 MinuteThe Ministry of Housing continues to roll out its 2017 housing program, which includes 280,000 housing units and financing options; It will announce the details of the ninth batch next Sunday at a press conference, with this month’s offerings expected to exceed 29,000 housing units, including 7,700 subsidized loans, in partnership with banks and financial institutions. She added that the batch … Read more

Sales of off-plan housing projects total 60 billion riyals... and the approval process for such projects takes no more than 10 days

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Real Estate Marketing - Real Estate Marketing - Real Estate Projects

Reading time: < 1 MinuteRiyadh Asiri, Deputy Secretary-General of the Off-Plan Sales and Leasing Committee (Wafi), revealed that the total value of off-plan housing sales in Saudi Arabia reached approximately 60 billion riyals. He explained that the license period for the plan does not exceed 10 days from the completion of the application. For his part, Abdulaziz Abed, Director of the Ministry of Housing branch in the Madinah region, said during the workshops … Read more

Energy Minister Opens the Saudi Electricity Forum and Unveils Upcoming Projects in the Sector Worth 250 Billion Riyals

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Reading time: 2 Minutes  In the presence of senior officials from the energy, industry, and mineral resources sector, including Their Highnesses and Excellencies, as well as a select group of specialists and researchers in the electricity and renewable energy sectors from within and outside the Kingdom, The Minister of Energy, Industry, and Mineral Resources, Eng. Khalid bin Abdulaziz Al-Falih, sponsored the Saudi Electricity Forum, which was held at the Al Faisaliah Hotel in Riyadh, in the presence of senior officials, including Their Highnesses and Excellencies … Read more

Exemptions from fees, the elimination of the lease requirement, the provision of space in economic zones, and a business portal are among the key incentives offered by the Abu Dhabi government

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Reading time: < 1 MinuteThe incentives and facilities offered by the Abu Dhabi government during the Saudi-Emirati Business Forum, held under the slogan “Together – Forever,” were met with great satisfaction by Saudi businesspeople and investors. The incentives included a series of measures and procedures aimed at empowering Saudi investors wishing to establish investment projects in the Emirate of Abu Dhabi. These measures included the following: granting Saudi investors equal access to all incentives … Read more

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