Month: January 2018

The Ministry of Commerce Invites Experts to Share Their Views and Suggestions... The New Draft Executive Regulations for the Practice of Engineering Professions Strengthen the Principle of Transparency

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Reading time: 2 Minutesتعزيزا لمبدأ الشفافية والمشاركة،  دعت وزارة التجارة والاستثمار المختصين عبر موقعها الإلكتروني عموم المهتمين والمختصين لإبداء آرائهم ومقترحاتهم حيال مشروع اللائحة التنفيذية لنظام مزاولة المهن الهندسية، وذلك بناءً على المادة (السادسة عشرة) من نظام مزاولة المهن الهندسية، الصادر بالمرسوم الملكي رقم (م/٣٦) وتاريخ ١٩/٤/ ١٤٣٨هـ ». تشكيل الاعتماد المهني وتنص المادة (السادسة عشرة) من نظام … Read more

Experts: The Ministry of Housing’s initiatives and products have boosted homeownership rates to 50%.

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Reading time: < 1 Minuteكشف متخصصون أن المبادرات والبرامج التي أطلقتها وزارة الإسكان خلال العامين الماضيين وضخ المنتجات السكنية والتمويلية أدت لارتفاع نسبة التملك بين المواطنين في عام 2017 لتصل إلى قرابة 50%, هذا فضلاَ عن استهداف 300 ألف مستفيد في 2018. وساهم برامج رسوم الأراضي البيضاء إلى تطوير عدد من الأراضي لتوفير وحدات سكنية، كما أن برنامج البيع … Read more

With 426 exhibitors and Amlak as the exclusive sponsor, the Saudi Plastics and Petrochemicals Exhibition supports the manufacturing sector and boosts GDP

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Reading time: 3 MinutesMore than 426 local and international exhibitors representing 26 countries concluded their participation in the Saudi Plastics and Petrochemical Industries Exhibition 2018 on the evening of Wednesday, January 24, 2018, after a four-day run at the Riyadh International Convention and Exhibition Center. The opening ceremony was presided over, on behalf of His Excellency Engineer Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources, by Engineer … Read more

The «Amlak» newspaper received an invitation to participate and sponsor the “International Cooperative Housing Forum,” which will showcase local and international experiences

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Reading time: < 1 MinuteThe Riyadh Cooperative Housing Association, in collaboration with Nama Knowledge Company for Exhibition and Conference Organization, plans to organize the «International Housing and Cooperative Housing Forum» under the patronage of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region and Honorary President of the Society, and with the support and participation of the Ministry of Labor and Social Affairs, the Ministry of Housing, and the Council of Cooperative Societies, from October 15–17 … Read more

The General Investment Authority has reduced the time required to issue, renew, and amend investment licenses to 4 hours

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Reading time: < 1 MinuteThe General Investment Authority announced that it has reduced the time required to issue investment licenses from two days and five hours (53 hours) to 3 hours and 59 minutes, through three main measures: restructuring procedures and reducing the number of required documents. For his part, Ibrahim bin Saleh Al-Suwail, Deputy Governor for Investor Services and Consulting, explained that reducing the processing time for investment licenses… Read more

The Ministry of Commerce eliminates the requirement to audit the incorporation contracts of companies and introduces electronic systems to complete the procedures

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Reading time: < 1 MinuteThe Ministry of Commerce and Investment has eliminated the requirement for the review of company incorporation contracts and replaced it with automated electronic procedures carried out through the Companies System, thereby speeding up the incorporation process, as part of efforts to facilitate business start-ups in the Kingdom, so that the company incorporation process is automated and does not require waiting for the Ministry’s approval. The Ministry explained that this amendment enables customers … Read more

The value of real estate transactions rose to more than 34 billion riyals in Rabi' al-Thani

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Reading time: < 1 Minuteبلغت قيمة الصفقات العقارية التي تمت خلال شهر ربيع الثاني 1439هـ نحو 34.3 مليار ريال، بارتفاع قدره 99 % مقارنة بنفس الفترة من العام الماضي، حيث كشفت ذلك البيانات الصادرة عن وزارة العدل. وتعتبر هذه القيمة الأعلى في 24 شهرا أي منذ ربيع الثاني1437هـ، حيث بلغت آنذاك نحو 36.4 مليار ريال.وارتفعت قيمة الصفقات العقارية بنسبة … Read more

Amlak newspaper articles ... Mr. Abdulaziz Al-Issa writes ... Investor Vortex 2

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Abdulaziz Alissa - Kingdom Budget 2023

Reading time: 2 Minutesتناولنا في مقالنا للعدد السابق دوامة مستثمر، وفي هذا العدد نستكمل ما قد بدأناه  من الصعوبات التي يواجهها رجال الأعمال التي لا تكفي أن نكتب عنها في مقالات محدودة.. فهناك جهات حكومية لا تزال تمشي عكس الرؤية 2030 وفي غيابة الجب ولم تتطور، وهي جامدة في مكانها كالوتد رغماً عن ارتباطها القوي بتشجيع الشباب، والمستثمرين … Read more

Ministry of Housing: Failure to register in Ejar permanently revokes real estate offices” licenses

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Reading time: < 1 MinuteThe Ministry of Housing emphasized that Cabinet Decision No. 405 stipulates that licensed real estate brokers are required to register lease agreements for residential and commercial units electronically through the “Ejar” online platform. The Ministry clarified that anyone who violates this requirement will be subject to penalties under the Real Estate Agencies Regulation, which may include the permanent revocation of the agency’s license; such penalties are to be issued by a decision of the Minister … Read more

Ministry of Labor Begins Implementing the National Classification of Economic Activities “ISIC4”

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Reading time: < 1 MinuteThe Ministry of Labor and Social Development began implementing the National Classification of Economic Activities (ISIC4) as of January 1 of this year, in accordance with the Royal Decree mandating its adoption as the official and unified classification of economic activities in the Kingdom. Khalid Abaalkheil, the ministry’s official spokesperson, said: «The National Classification of Economic Activities (ISIC4) aims to standardize economic activities and adopt international standards for their coding, with the goal of … Read more

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