Month: March 2018

The Eastern Province Chamber of Commerce Hosts the Industrial Development Fund and Organizes a Training Program Titled “How to Start Your Industrial Project”

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Eastern Region

Reading time: < 1 MinuteThe Saudi Industrial Development Fund, in collaboration with the Eastern Province Chamber of Commerce, is organizing a training program titled “How to Start Your Industrial Project” next Sunday, with the aim of educating and training young entrepreneurs—both men and women—interested in the industrial sector on the steps involved in establishing an industrial project. The program aims to raise awareness about establishing industrial projects and equip participants with the basic skills needed to identify and develop investment ideas, as well as how to prepare an economic feasibility study, … Read more

Housing Finance Conference: Housing Ministry seeks to increase financing from 290 billion to 502 billion riyals

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Reading time: < 1 Minute  During the opening of the “Saudi Housing Finance Conference,” organized by the Real Estate Development Fund and held yesterday in Riyadh, Housing Minister Majid bin Abdullah Al-Hogail stated that the Ministry of Housing aims to increase the volume of real estate financing from the current 290 billion to 502 billion riyals by 2020. Al-Hogail explained that efforts are underway to facilitate access to financing … Read more

Saudi Housing Finance Conference: Real Estate Fund offers 18 financing solutions developed with financial institutions

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Reading time: 1 MinuteThe “Saudi Housing Finance Conference,” organized by the Real Estate Development Fund, concluded yesterday in Riyadh, with the participation of a number of Their Excellencies and a select group of specialists and experts in the real estate finance market. His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, opened the conference’s keynote session by speaking about “The Challenges Facing the Housing Sector in the Kingdom of Saudi Arabia.” His Excellency reviewed … Read more

Government officials and experts reveal the future of real estate in Egypt at Cityscape Egypt

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Reading time: 2 Minutes  The “Cityscape Egypt” conference concluded yesterday, Tuesday, with experts and government officials presenting the latest updates on major government projects and the opportunities and challenges facing the sector, emphasizing that the real estate sector is witnessing continuous progress on all fronts. For his part, Khaled Abbas—Deputy Minister of Housing for Technical Affairs and supervisor of the Urban Communities Authority… Read more

Its profitability reaches 8%... Dubai's real estate sector is one of the most profitable, transparent, and secure markets in the world

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Dubai city

Reading time: < 1 MinutePress reports have indicated that Dubai’s real estate sector has become one of the most profitable, transparent, and secure real estate markets in the world, The “Economic Times” reported that Dubai real estate offers rental yields ranging from 7% to 8%, compared to 2% to 3% in most major cities around the world, which means that an investor can recoup their entire investment within 12 to … Read more

Reservation of 531 housing units for housing subsidy beneficiaries in the “Safwa Garden” project in Jazan

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Reading time: < 1 MinuteThe Ministry of Housing announced that citizens—beneficiaries of housing subsidies—— have reserved 531 apartment units in the off-plan housing project currently under construction in the city of Jizan, representing approximately 70 % of the project, which is named “Al-Safwa Garden.” In a statement issued today, the Ministry explained that the project, which is one of the outcomes of the partnership with … Read more

King Abdullah Economic City launches 130 residential plots in “Al Hejaz Miram“ project”

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Economy of Saudi Arabia

Reading time: 2 MinutesKing Abdullah Economic City announced the release of 130 residential lots in the “Al-Hijaz Miram“ project, starting tomorrow, Thursday, through March 17, The lots, which vary in size and are located within a family-oriented residential complex, are priced starting at 409,000 riyals, with a down payment of just 5% and installment payments over five years with no profit margin, at the hotel … Read more

Exhibitions and conferences program lists 5 years of achievements and confirms the completion of the MICE industry ecosystem

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Reading time: 2 MinutesAfter five years of continuous work, the National Program for Exhibitions and Conferences announced that it had completed the establishment and organization of the exhibitions and conferences sector (the meetings industry) and had developed its regulatory and investment infrastructure to the point where it is now mature and ready. In a report marking the fifth anniversary of its establishment, the National Program for Exhibitions and Conferences explained that the program operated according to the principle of partnership adopted by the General Authority for Tourism and National Heritage … Read more

The Real Estate Fund is hosting a conference today titled “Housing Finance” to discuss the roles of financial institutions in stimulating the sector

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Reading time: < 1 MinuteWith the participation of His Excellency the Minister of Housing, Mr. Majid Al-Hogail, the Real Estate Development Fund is organizing today at the Four Seasons Hotel in Riyadh the “Housing Finance in Saudi Arabia” conference,  marking the first conference dedicated to housing finance in the Kingdom. The event aims to discuss the challenges individuals face in accessing housing finance, the roles of financial institutions in stimulating the housing sector, and the investment opportunities available in this field. The Real Estate Development Fund explained … Read more

Riyadh Region Secretariat Postpones Implementation of Decision on Parking Requirements and Standards

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Land - Riyadh Municipality-min (1)

Reading time: < 1 MinuteThe Riyadh Region Secretariat announced the postponement of the implementation of the decision regarding planning requirements and specifications for parking lots issued by the High Commission for the Development of Riyadh. In a circular, the Secretariat clarified that a copy of which was received by “Amlak Real Estate Newspaper,” that it is postponing implementation of the decision until it undergoes further study, appropriate solutions are found, and the difficulties faced by municipalities in applying the requirements—due to variations in area, types … Read more

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