Month: March 2018

“Itqan Consortium” Announces First Auction in Al-Khobar to Sell 900 Cars and Equipment from Ma'an Al-Sanea's Assets

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Reading time: < 1 MinuteBased on the decision of the Enforcement Court in Al-Khobar, “Inqan Consortium” announced yesterday, Saturday, that it will hold the first public auction for the sale of vehicles and equipment belonging to Ma’an bin Abdulwahid Al-Sanea and Saad Trading and Contracting Company, beginning at 4:00 p.m. on Sunday, March 18, 2018, at the Saad Industrial Center on Al-Ahsa Road. The auction will continue daily from 9:00 a.m. until … Read more

The Holy Capital Secretariat Warns Citizens About Fake Development Projects... and Takes Action Against Those Who Manipulate Government Land

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Reading time: 2 MinutesA large number of citizens heeded the warnings issued by the Holy Capital Secretariat not to be lured into purchasing land without legal deeds in fictitious development plans, and the Secretariat emphasized via its Twitter account that people should not purchase land that is not authorized for sale. Citizens considered this step effective and important in stopping land encroachment and the purchase of land and fictitious, irregular development projects… Read more

To curb stalled projects New real estate laws and regulations to be implemented by the Kingdom of Bahrain starting this March

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Reading time: < 1 MinuteThe Kingdom of Bahrain has enacted a new regulation aimed at reducing the number of stalled real estate projects, particularly off-plan projects, The new regulation, which will take effect on March 1, 2018, also safeguards the rights of all parties in the Bahraini real estate market, following the announcement of the launch of the Real Estate Regulatory Authority. The Kingdom of Bahrain had previously announced that it would maintain real estate fees … Read more

The "Your Home Is Ready" Exhibition Continues in Riyadh... and Dar Al-Arkan Offers Immediate Takeover of Its Residential Units

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Reading time: < 1 MinuteCompanies and government agencies continue to showcase their latest products at the “Bitak Jahaz” exhibition, organized by the Real Estate Development Fund at the Crowne Plaza Hotel in the Communications and Information Technology Complex in Riyadh from March 1 through March 4. The exhibition aimed to provide ready-to-move-in housing units to the Real Estate Fund’s beneficiaries in Riyadh and Al-Kharj—numbering 45,000—through companies … Read more

Riyadh Chamber organizes an introductory workshop on the rules and regulations of selling and renting real estate units on the map Wednesday

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Reading time: < 1 MinuteThe Riyadh Chamber of Commerce, represented by its Real Estate Committee and in collaboration with the Ministry of Housing’s “Wafi” off-plan sales program, is organizing an introductory workshop on Wednesday to explain the rules governing the sale and lease of off-plan real estate units. Board member and Chairman of the Real Estate Committee, Aaid Al-Wabri, stated that the workshop—which will be attended by the Secretary-General of the Off-Plan Sales Program, Mohammed Al-Ghazwani—will highlight the rules… Read more

Real estate projects selected for Cityscape Awards 2018 in Egypt

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Reading time: < 1 MinuteThe 7th annual Cityscape conference, to be held at the Four Seasons Nile Plaza Hotel on March 12 and 13, two weeks before the start of the exhibition, the list of projects nominated for this year’s awards, with developers and architects competing for the 2018 Cityscape Awards in each of the eight categories. The list of competing projects includes: Palm Central, Zayed Edge, The Lane, and Al Burouj… Read more

Appointment of Engineer Nasser Al-Nasser as Acting CEO of Saudi Telecom Group

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Reading time: < 1 MinuteSaudi Telecom Group announced the appointment of Engineer Nasser Al-Nasser as the Group’s Chief Executive Officer, succeeding Dr. Khalid Bayari, who was appointed by royal decree as Assistant Minister of Defense for Executive Affairs the day before yesterday. In a statement, the Board of Directors of Saudi Telecom expressed its thanks and appreciation to Dr. Bayari for his outstanding efforts during his tenure as the Group’s CEO. The CEO … Read more

Cityscape Egypt to Showcase Projects from More Than 70 Specialized Companies on March 28

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Reading time: 3 MinutesWith the participation of more than 70 specialized local and international companies, Cityscape Egypt will take place from March 28 to 31, at its new location at the Egypt International Exhibition Center in New Cairo, where the exhibition will be held over an area of 20,000 square meters. Exhibitors will showcase their diverse projects, accompanied by attractive discounts and flexible payment terms on the latest real estate developments. Investment opportunities in the real estate sector top the agenda… Read more

The American University in Cairo trains 300 professionals annually in the fields of real estate, medicine, management, and engineering

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Reading time: 3 MinutesEngineer Ziad Al-Qawasmi, a member of the Saudi Society for Urban Sciences and CEO of Maqam Al-Tamayuz for Development and Investment, emphasized the Saudi market’s need for more training and educational centers specializing in various fields required by the market and the changing realities of life. He noted that achieving the goals of the Kingdom’s ambitious Vision 2030 requires expanded investment in human capital, as it is the cornerstone of development … Read more

USD 300 mn deal at Armed Forces Expo to support local manufacturing

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Reading time: < 1 MinuteOn the sidelines of the Armed Forces Exhibition to Support Local Manufacturing “AFD 2018,” an agreement was signed between Middle East Aircraft Engines Co., Ltd. and General Electric, and the Royal Saudi Air Force for the maintenance and overhaul of engines for the new F-15S and F-15SA fighter jets, as well as Apache and Black Hawk helicopters equipped with T700 engines, worth more than $330 million. It is expected … Read more

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