Month: November 2017

Real Estate Development Fund enumerates the benefits of subsidized financing to lower prices and increase the quality of housing products

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Real Estate Fund - Real Estate Finance

Reading time: < 1 MinuteThe Real Estate Development Fund (REDF) has reiterated that the benefits of subsidized financing will be reflected on the real estate market within a short period of time, in terms of lower prices, increasing the quality and diversity of housing products, and accelerating the pumping of financing. In this regard, the media advisor of the Real Estate Development Fund, Turki Al-Dahmash, explained that the market began to witness a tangible movement after the entry of financing entities in lending to beneficiaries, which ... Read more

DryMix's Middle East Conference discusses ideas and initiatives to address construction issues, sustainability and cost minimization                               

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Reading time: 2 MinutesThe 12th edition of the Middle East DryMax Conference, sponsored by the University of Sharjah and the Sharjah Research Academy, kicked off on Sunday under the theme: For the longevity of construction and building materials, in the presence of the President of the University of Sharjah, Prof. Dr. Humaid Majul Al Nuaimi, Prof. Dr. Amr Abdul Hamid, Director of the Sharjah Research Academy, and Prof. Dr. Mufid Al Samarrai, Senior Advisor ... Read more

6500 hotels in the Kingdom 12 requests for financing Ministry of Finance allocates 2.7 billion riyals to lend to hotel and tourism projects

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Reading time: < 1 Minute  The Saudi Commission for Tourism and National Heritage revealed that the Ministry of Finance has allocated 2.7 billion riyals for lending to hotel and tourism projects, following the reinstatement of the lending decision approved by the Council of Ministers. During a workshop to introduce the lending programs for tourism projects, Ahmed Al-Amir, director of lending for the hotel sector at the authority, explained that work is underway to improve the investment environment in the tourism sector, through ... Read more

Manazel Real Estate plans to invest in the Saudi real estate market before the end of the year

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Reading time: < 1 MinuteManazel Real Estate Company revealed its intention to enter the markets of Saudi Arabia before the end of this year through the establishment of several projects, and the company attributed in a statement to the tendency to expand in the Kingdom because it is considered one of the largest economies of the Gulf Cooperation Council, which seeks to pump investments and major transformations in light of the implementation of Vision 2030. ... Read more

Reports: Tadawul's 9-month profit index rises to 89.42 billion riyals

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Reading time: 3 MinutesData reported in press reports showed that the revenues and profits of companies listed on the Saudi stock market during the third quarter of 2017 grew to 32.96 billion riyals, compared to 27.73 billion riyals during the same period of the previous year, registering a growth of about 19%, equivalent to 5.23 billion riyals. The third quarter of 2017 revitalizes companies and from the figures it is clear that the sector ... Read more

With 211 speakers. Riyadh to host the International Engineering Conference and Exhibition on December 4th

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Reading time: 2 MinutesWith the participation of 211 speakers representing 32 countries, the Saudi Institution of Engineers is organizing the International Engineering Conference and Exhibition, which will be launched under the slogan “Raising Engineering Standards towards National Development” on December 4 and will last for four days at the Four Seasons Hotel in Riyadh. The conference is under the patronage of His Excellency Dr. Majid bin Abdullah Al Qasabi, Minister of Commerce and Investment, and the interest and participation of a number of personalities ... Read more

Ministry of Housing issues 1,500 payment orders for white lands The Ministry is preparing to issue invoices for Makkah lands next month

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Reading time: < 1 Minute  The Ministry of Housing is currently working diligently to implement and apply the stages of the white land system. The ministry has issued about 1,500 payment orders on white land, with an area of more than 400 million square meters within the urban area defined by the ministry in Riyadh, Jeddah and Dammam metropolitan area, the ministry is expected to issue next month invoices for land fees ... Read more

Al Rajhi Bank elects Abdullah Al Rajhi as the new Chairman of the Board of Directors

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Al Rajhi Bank

Reading time: < 1 MinuteAl Rajhi Bank announced that the Board of Directors in its new session elected Mr. Abdullah bin Sulaiman Al Rajhi as Chairman of the Board. A statement issued by the bank said that a meeting of the Board of Directors was held on November 21, 2017, which was the first meeting of the Board of Directors in its new session, which started from 14/11/2017 for a period of three years, where ... Read more

Sponsored by Amlak Newspaper Big 5 2017 kicks off in Dubai with a strong presence of Saudi companies

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Reading time: < 1 Minute  Amlak Real Estate Newspaper opened this morning at the World Trade Center in Dubai The big 5 2017 (The big5), the largest exhibition in the construction sector in the Middle East, and the events will continue from November 26 to 29. The Big 5 exhibition in Dubai is the largest event for the presence of major Saudi companies ... Read more

Ministry of Housing requires all landowners in major cities to update their data on the ministry's website

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Territory-white

Reading time: < 1 Minute The Ministry of Housing issued a decision requiring all landowners whose lands are located within the geographical ranges of the city of Riyadh, Jeddah Governorate, Dammam Metropolis, and Makkah, and who have transferred the ownership of their lands, or completed, developed and built those lands within a year of the decision to impose fees on them, to update their data and attach the documents that prove this, via the Ministry's website. The decision, which ... Read more

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