Month: January 2018

Municipal and Rural Affairs directs to assign consulting engineering works to licensed companies in the contracting sector

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Contracting sector

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs has directed all municipal secretariats in the Kingdom’s various governorates and regions to comply with the rules, regulations, and decisions regarding the awarding of engineering consulting contracts in the construction sector to licensed engineering consulting firms and offices, and not to assign both consulting and technical support work to the same engineering consulting firms or offices at the same time. The Ministry called on relevant government agencies to comply with service contracts … Read more

Jabal Omar Development Company repays SAR 231.2 million of its loans to the Ministry of Finance

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Reading time: < 1 Minute Jabal Omar Development Company announced that it had paid the fifth and sixth commission (profit) installments due on the Ministry of Finance loan on January 1, 2017, and January 1, 2018, totaling 231.2 million riyals. On December 13, 2011, the company signed a loan agreement with the Ministry of Finance. The company stated that this action follows its successful completion of the loan reconciliation procedures … Read more

The National Center for Public Sector Performance Measurement Launches Its “Adaa” Platform to Improve Government Efficiency

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Reading time: 2 MinutesThe National Center for Public Sector Performance Measurement (Adaa) announced the launch of its website and Twitter account, which highlight the Center’s core mission: measuring the performance of public sector agencies according to international standards to achieve outstanding government performance. “Adaa” was established by a Cabinet decision based on a recommendation from the Council of Economic and Development Affairs, and the center is considered an agency … Read more

The 33% installment amount is calculated based on the beneficiary’s income… The Ministry of Housing begins paying installments for housing units

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Reading time: < 1 MinuteThe Ministry of Housing announced that installment payments for housing units will begin four months after the recipient takes possession of the housing unit or receives the housing loan, The due date for installment payments begins two years after the date the housing subsidy contract was signed, and for (a housing loan for the construction of a home or land, or a combined housing loan) whenever the Ministry is ready to disburse the loan or after four months have passed… Read more

Saudi Plastics and Petrochemicals Exhibition kicks off this evening Amlak Real Estate Newspaper completes its preparations to sponsor the event

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Reading time: < 1 MinuteAmlak Real Estate has completed its preparations to participate in and sponsor the 15th edition of the Saudi Plastics and Petrochemical Industries Exhibition 2018, which kicks off this evening at the Riyadh International Convention and Exhibition Center and runs through January 24. This event brings together leading industry figures from the local, regional, and international levels, offers a number of specialized workshops in this sector, and showcases the latest technologies and services for the plastics and petrochemical industries… Read more

Al Mashaer REIT begins trading and targets SAR 572.4 million

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Reading time: < 1 MinuteWith a target market capitalization of 572.4 million riyals, the “Al-Mashair REIT” fund began offering and trading its units last Thursday in the real estate investment trust sector under the ticker symbol 4337, with a daily price fluctuation limit of 10%. The initial public offering (IPO) of the “Al-Mashair REIT” was completed last November, with a subscription rate of 100 %. The listing of the fund… Read more

%70نسبة حجوزات منتجات وزارة الإسكان من خلال 40 معرضاً على مستوى المملكة

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Reading time: < 1 MinuteThe exhibitions launched by the Ministry of Housing saw very high turnout and high reservation rates exceeding 70 %, which reflects beneficiaries’ eligibility for housing support, their interest in the program, and the alignment of the diverse housing options offered with their preferences and financial capabilities. Saif Al-Suwailem, the official spokesperson for the Ministry of Housing, affirmed the Ministry’s commitment to fulfilling beneficiaries’ aspirations and meeting their needs. Al-Suwailem added that the Ministry provides villas, apartments, and townhouses… Read more

The Ministry of Housing Sets the Remaining Timeframe for Issuing "White Land" Fees for the Second Year in the Three Cities

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White Land Fees

Reading time: < 1 MinuteThe Ministry of Housing, through the Vacant Land Fees Program, has determined the remaining period for the issuance of fees for the second year in cities, starting on April 29,1439 AH, is 60 days for Riyadh and 82 days for Jeddah, while the remaining period for Dammam is 110 days. The Ministry of Housing had previously clarified that the total areas for which fee invoices were issued under … Read more

Sponsored by Amlak Newspaper Saudi Plastics and Petrochemicals Exhibition kicks off tomorrow in Riyadh

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Reading time: < 1 MinuteSponsored by and in partnership with Amlak Real Estate Newspaper, the 15th edition of the Saudi Plastics and Petrochemical Industries Exhibition 2018 kicks off tomorrow, Sunday, and runs through January 24 at the Riyadh International Convention and Exhibition Center. This event brings together leading industry figures from the local, regional, and international levels, offers a number of specialized workshops in this sector, and showcases the latest technologies and services for the plastics and petrochemical industries… Read more

Al-Rajhi REIT Attracts 1.620 Billion Riyals in Investments During Its Initial Public Offering

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Reading time: 2 MinutesAl-Rajhi REIT completed its initial public offering (IPO) in the amount of 1.620 billion riyals, of which approximately 427 million riyals were offered to the public as part of the initial public offering (42.7 million units with a par value of 10 riyals per unit) during the period from January 1 to January 14, 2018. In this regard, Al Rajhi Capital explained that the number of subscribers, including individuals and institutions, was 90,561 … Read more

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