Month: January 2018

The Real Estate Fund announces the conversion of existing mortgages to subsidized financing for those registered in the lists

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Reading time: < 1 MinuteThe Real Estate Development Fund (REDF) announced today, Tuesday, the official activation of the (conversion of existing mortgage financing to subsidized financing) service for those registered in the Fund's lists and those who have mortgage financing (unsubsidized) from the financing entities participating in the subsidized financing program. According to Khaled Al Amoudi, General Supervisor of the Fund, this service comes within the framework of the state's endeavors to contribute to raising the percentage of ... Read more

Real Estate Contributions Committee postpones Benban auction Calls for bids and direct purchase

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Reading time: < 1 MinuteThe Real Estate Contributions Committee of the Ministry of Commerce and Investment announced today, Thursday, the postponement of the Benban land auction scheduled for Monday 5/5/1439, and the opportunity for direct offers on the entire area estimated at 2,610,000 m2 due to the presence of an offer from an investor to buy at a suitable price. The committee previously confirmed that the Benban lands are located within the urban area, where the area of plot (29) is 70,540.57 ... Read more

The prices of residential products in the first installment of “Residential 2018” range between 250-700 thousand riyals

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Reading time: < 1 MinuteThe General Supervisor of the Real Estate Development Program at the Ministry of Housing, Engineer Saraka Al-Khatib, said that the prices of the housing products announced in the first installment of the Residential 2018 campaign range from 250,000 to 700,000 riyals, according to the General Supervisor of the Real Estate Development Program at the Ministry of Housing. Al-Khatib explained that the announced products meet the desires of a large segment of Saudi families by providing all options for citizens ... Read more

Launching the service of linking instant municipal licenses with the electronic commercial records of companies through the Meraas platform“

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Reading time: < 1 MinuteMinister of Commerce and Investment Dr. Majid Al-Qasabi and Minister of Municipal and Rural Affairs Engineer Abdullatif Al-Sheikh launched the service of linking municipal licenses with the electronic commercial records of companies and institutions through the Meraas platform. The Minister of Commerce, Chairman of the Executive Committee for Improving Business Performance in the Private Sector (Taysir), stressed that the service of linking municipal licenses with commercial records will contribute to facilitating the practice of commercial activities ... Read more

Ministry of Housing launches Residential Campaign 2018 and pumps 19481 housing products

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Reading time: < 1 MinuteThe Ministry of Housing launched on Monday the first installment of the Residential 2018 campaign, which included 19481 residential products for beneficiaries, where the January installment included 8300 subsidized residential financing, 4500 developed residential land (without financial compensation), and 6681 housing units on the off-plan sale system. The ministry emphasized that it is determined to continue to meet the needs of citizens to own the first home, and was ... Read more

Saudi-Japanese Vision 2030 inaugurated, 6 MoUs signed, 3 Japanese companies licensed

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Reading time: < 1 MinuteThe Saudi Arabian General Investment Authority (SAGIA) handed over three investment licenses to Japanese companies, with a capital of 4 million riyals with Japanese ownership 100%, and signed 6 agreements of understanding between the two countries, during the launch of the Saudi-Japanese Vision 2030 programs and the opening of the Saudi-Japanese Business Forum, according to the Minister of Trade and Investment, Dr. Majid bin Abdullah Al-Qasabi. The Minister of Trade and Investment, Dr. Majid bin Abdullah Al-Qasabi, stressed that the Kingdom is the most suitable base for the business sector ... Read more

According to the international classification Adoption of the National Classification of Economic Activities for investment licenses

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Reading time: 2 MinutesIn a move to support investment and economic activity, the General Authority for Investment (GAFI) has adopted the national classification of economic activities on investment licenses. Ibrahim bin Saleh Al-Suwail, Deputy Governor of GAFI for Investor Services and Consultations, said that the adoption of the classification comes in implementation of the Supreme Order to adopt it as the approved and unified classification for economic activities in the Kingdom. A comprehensive framework for economic activities has been adopted and finalized by the General Authority for Investment ... Read more

The Minister of Housing praises the approval of the Saudi Monetary Authority to reduce the down payment to 10%. From Housing Finance

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Accreditation of the Saudi Housing Guarantee Company

Reading time: < 1 MinuteHousing Minister Majid Al-Hogail praised the Saudi Arabian Monetary Agency's approval to reduce the down payment in mortgage financing to 10%, and overcoming the difficulties facing citizens. Al-Hogail explained in a tweet on his Twitter account that the ministry bears the profits of 100% for those whose income is 14,000 riyals and less to increase the opportunity for citizens to own a home. The Saudi Arabian Monetary Agency had ... Read more

Implementing Roof Waterproofing, Episode (64) Majid Almuhaimeed

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Reading time: 2 Minutes The waterproofing works of the roofs after their implementation, the necessary test is carried out to ensure that there are no observations or leaks in the insulation works, at the same time, the supply and installation of ducts for central air conditioning, hidden «Concealed» and desert air conditioning, if any, provided that the internal wall lining works have been completed, if the installation of ... Read more

Articles of Amlak Real Estate Newspaper ... Dr. Hussam Youssef writes: The Art of Managing Others

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Management - Intelligence - Management Science - Real Estate

Reading time: 2 MinutesHuman beings are wired to communicate with others, seek affection, and integrate with a suitable partner with whom to share feelings, trials and tribulations, it is an instinct that God created us on since we were in our mothers' wombs, so love on earth is some of our traits. Love has degrees and stages according to the strength of the feeling, the strength of the sensation, and the level of influence on the beloved, the first degree of attachment, which is permanent and continuous thinking, ... Read more

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