Month: April 2018

“The ”Real Estate Institute“ Signs a Memorandum of Cooperation with the ”Council of Chambers” to Develop the Real Estate Sector’s Capabilities and Improve the Investment Climate

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Reading time: < 1 MinuteTo strengthen areas of mutual cooperation, the Saudi Real Estate Institute—the academic arm of the General Real Estate Authority—recently signed a memorandum of cooperation with the Council of Saudi Chambers, represented by the National Real Estate Committee. The agreement supports all activities related to the real estate sector in the Kingdom, as part of the Institute’s efforts to develop and regulate the real estate sector and make it attractive to local and international investors, in line with the efforts of … Read more

The Al-Rajhi Estate Real Estate Liquidation Council is holding its eighth auction this afternoon, offering 15 properties in the Eastern Province

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Regulation of real estate auctions

Reading time: < 1 MinuteThe Real Estate Liquidation Council for the Estate of Sheikh Saleh bin Abdulaziz Al-Rajhi holding its auctions today, Saturday. The Council announced that it is organizing its eighth public auction to sell 15 properties in both Dammam and Al-Khobar in the Eastern Province, with a total area of 2.91 million square meters. In a statement, the Council clarified that the properties up for auction are: Abu Hadriya 1 Land … Read more

The Gulf-Turkish Real Estate Exhibition and Forum kicks off on Saturday And offers 1000 investment opportunities

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Reading time: < 1 MinuteSaturday, April 28: Activities at the Gulf-Turkey Real Estate Exhibition and Forum at the Hilton Bosphorus Hotel – Istanbul: Seminars and workshops designed specifically for Arab nationals interested in settling in Turkey, explaining the labor and education systems, ways to adapt to society, and other related topics. The exhibition will continue until tomorrow evening in collaboration with “Y&D Investment … Read more

Engineer Hamed bin Hamri as Chairman of the Real Estate and Urban Development Committee at the Eastern Chamber

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Reading time: < 1 MinuteIn the presence of Abdulhakim Al-Khalidi, Chairman of the Board of Directors of the Eastern Province Chamber of Commerce, and Abdulrahman Al-Wabel, Secretary General of the Chamber, Engineer Hamid bin Hamri was elected chairman of the Chamber’s Real Estate and Urban Development Committee, receiving 13 out of 29 votes, while Saleh Al-Dosari was elected vice chairman with 20 votes. Engineer Hamid bin Hamri serves as CEO of Tamkeen Investment and Real Estate Development Company.  

Minister of Commerce and Investment Expresses Gratitude to the Leadership... Praises Approval of the New Commercial Mortgage System and Outlines Its Benefits

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Reading time: < 1 MinuteHis Excellency Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment, expressed his sincere thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense —may God preserve them both—on the occasion of the Cabinet’s decision to approve the Commercial Mortgage Law, which regulates… Read more

The commercial mortgage system safeguards the rights of lenders and borrowers... and strengthens the investment climate in the Kingdom

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Reading time: < 1 MinuteMaher Al-Said, project director for the commercial mortgage system at the Ministry of Commerce and Investment, confirmed that the new system, which was approved by the Council of Ministers this week, complements the legislative framework for commercial regulations under the Kingdom’s Vision 2030, which aims to regulate the commercial mortgage system and safeguard the rights of lenders and borrowers. Al-Said explained that the new system is of paramount importance in expanding the scope of eligible assets … Read more

With the support of the region’s governor, the Public Transport Authority will inaugurate the North Riyadh Center on May 1

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Reading time: < 1 MinuteThe Public Transport Authority has begun finalizing preparations to launch the Public Transport Center in northern Riyadh on May 1, in accordance with its proposal to utilize the “Sar Train Station” in northeast Riyadh by allocating part of its site to operate the center, with the support of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region. This comes … Read more

“Amlak” Reports on the Closing… The Restatex Riyadh Real Estate Exhibition 2018 Concludes with Great Optimism… and a Huge Turnout of Visitors  

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Reading time: < 1 MinuteBefore the Restatex Riyadh Real Estate Exhibition 2018 concludes shortly, a number of businesspeople and exhibitors called for the exhibition to include the official holidays of Friday and Saturday in its schedule, to take advantage of families’ free time to visit, explaining that this would provide a greater incentive to participate. At the same time, many companies announced that they had achieved the goals they had set for the event… Read more

Restatex Riyadh Real Estate Exhibition 2018 concludes this evening, with signs of satisfaction on the faces of exhibitors

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Reading time: < 1 MinuteThe Restatex Riyadh Real Estate Exhibition 2018 concludes this evening, Wednesday, with broad participation from real estate development companies and various financing entities, which had a significant presence on the exhibition floor, showcasing their latest programs to the public, as well as government agencies represented by the Ministry ofHousing and its agencies, programs, and the Real Estate Fund. Through the large turnout of visitors, the exhibition confirmed its effectiveness in attracting those interested in … Read more

Arzan Wealth advises on the financing of 740 units in the U.S.

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Reading time: 2 MinutesArzan Tharwat announced its appointment as a mezzanine financing advisor for an investment opportunity in the United States as part of the launch of its new financing strategy. This strategy has been applied to Real Estate Index-Linked Securities (“REILS”)  linked to the performance of a real estate index, which is a type of mezzanine financing structured in accordance with Sharia law. The second REILS investment focuses on … Read more

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