During the introductory workshop 11 sub-committees representing 14 government agencies participate in the preparation of the revision and development of the Saudi Building Code

Saudi Building Code

Reading time: 2 MinutesHis Excellency Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment and Chairman of the Board of Directors of the Saudi Standards, Metrology and Quality Organization (SASO), described the Saudi Building Code as one of the most important pillars in supporting the national economy and enhancing public safety, in addition to its pivotal role in protecting the rights of contracting parties. His Excellency the Minister urged all members of the technical teams within the National Building Code Committee to … Read more

Initiatives by the Ministry of Labor Have Led to 121,766 Young Men and Women Entering the Labor Market

Reading time: < 1 MinuteThe initiatives launched by the Ministry of Labor and Social Development last September resulted in 121,766 young men and women entering the labor market, Khalid Abaalkhail, the official spokesperson for the Ministry of Labor and Social Development, confirmed that the initiatives launched by the ministry have contributed to improving and developing the labor market, empowering Saudi men and women, and increasing their participation in suitable, decent, and productive work environments. The initiatives launched by … Read more

Real Estate Contributions Committee: 40% of “Rawda Al-Ateishan”’s capital deposited into shareholders’ accounts

Reading time: < 1 MinuteThe Real Estate Contributions Committee “Tasfiya” announced the start of direct deposits into the accounts of Rawda Al-Ateishan shareholders in the amount of 40% of the shareholders’ capital, The committee stated that it is still working to recover all shareholder rights, and any updates relevant to shareholders will be announced in due course. It is worth noting that the committee has called on all shareholders who have not updated … Read more

Ministry of Housing: 30 Applications Submitted to the Developer Services Center for the Development of 40 Million Square Meters

real estate - building permits - projects - residential real estate development - projects - schemes - residential projects

Reading time: < 1 Minute The “Etam” Developer Services Center at the Ministry of Housing recently received 30 applications to develop projects covering an area of more than 40 million square meters in the cities of Riyadh, Jeddah, Makkah, and Dammam, In this regard, Mohammed Al-Madiheim, advisor and general supervisor of the Ministry of Housing’s White Land Fees Program, revealed that development applications in Riyadh have reached 30 million square meters, whether … Read more

The “Real Estate Contributions” Committee calls on all contributors to the Al-Husseinia land (“Zamzam Project”) to update their bank information

Reading time: < 1 MinuteThe “Real Estate Contributions” Committee at the Ministry of Commerce and Investment has directed all contributors to the “Ard Al-Husseinia (Zamzam Project)” contribution, which is owned by Manana Real Estate Company (owned by Abdulaziz Al-Jaitheen), to update their information with the Arab Bank within a period not exceeding 60 days from December 21, 2017, which corresponds to the date of the first announcement requesting the update of shareholder information on the committee’s social media account … Read more

The sixth auction of the estate of Sheikh Saleh Al Raji The sale of Al Thaghar land in Riyadh worth 429.4 million riyals

Regulation of real estate auctions

Reading time: < 1 MinuteWith complete success, the Liquidation Council for the estate of Sheikh Saleh Al-Rajhi, may God have mercy on him, in cooperation with Itqan Real Estate Company—the exclusive marketer of the estate—the “Ard Al-Thaghr” property in Riyadh at the estate’s sixth public auction, attended by a large number of businessmen and investors, where it fetched 429.4 million riyals. “Ard Al-Thaghr” covers a total area of 550,568.69 square meters and is located directly on … Read more

“Rafal Real Estate Development unveils Dammam's first residential complex, Dar Al Ibda'a, as the first investment of its Dar Al Ibda'a arm”

Reading time: 2 MinutesRafal Real Estate Development Company, a leading Saudi company in the development of real estate services and products, has unveiled the first project of Dar Al-Ibdaa, its new subsidiary specializing in the offering and construction of real estate units for those eligible under the Ministry of Housing. It unveiled the “Madd Complex” in Dammam. The complex was built on an area exceeding 2.3 million square meters and comprises 728 townhouses, designed in two models: ”Thuraya” and “Rahab,” where … Read more

Al Rajhi's sixth estate auction kicks off this afternoon at the Rafal Kempinski Hotel in Riyadh

Reading time: 2 MinutesThe Council for the Liquidation of the Estate of Sheikh Saleh Al-Rajhi, may God have mercy on him, in cooperation with Itqan Real Estate Company—the exclusive marketing agent for the estate— to hold its auctions. This afternoon, Saturday, December 23, the sixth auction will be held, during which bidders will compete for the most significant real estate and investment opportunities in the Saudi real estate market (Al-Thaghr) in the Hatin neighborhood north of the capital, Riyadh, under the supervision of the court … Read more

2500 visitors at the Ministry of Housing exhibition in Jeddah 200 off-plan sales in a week

Reading time: < 1 MinuteThe Ministry of Housing’s exhibition, held in Jeddah at the “Bawabat Al-Tahlia Residential Towers” project site, recorded 200 off-plan sales and the signing of reservation agreements by buyers during its first few days. with a total value of approximately 100 million riyals. Prices range from 373,000 riyals to 570,000 riyals, with unit sizes ranging from 125 to 195 square meters. The exhibition saw … Read more

Tamkeen launches Saudi Homes initiative in Al Khobar to accelerate construction with local resources and talent

Reading time: 2 MinutesLast Wednesday in Al-Khobar, Tamkeen Real Estate Investment Company launched the “Saudi Homes” initiative—the first of its kind in the private sector—aimed at promoting local content in the real estate development sector and the production of residential units. On this occasion, Engineer Hamid bin Hamri, the initiative’s founder and company president, emphasized that the main goal of the initiative is to align with the aspirations of the wise leadership and work toward fulfilling the requirements of the Kingdom’s Vision … Read more