Month: April 2018

Worth 2.5 billion riyals. Real estate contributions push 56 defaulted contributions to enforcement courts

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Reading time: < 1 MinuteThe Stalled Real Estate Contributions Committee at the Ministry of Commerce and Investment referred 56 contributions worth 2.5 billion riyals to the implementation courts after it was not possible to obtain the rights of shareholders from their owners. The committee confirmed the keenness to follow up all cases with judges and inform shareholders of all developments. Saad Al-Masoud, the official spokesman for the committee, explained that the contributions include Al-Forsan Villas, Al-Suwaidani contributions, Mutaib ... Read more

120 agreements signed. Travel and Tourism Investment Forum attracts 200 specialized entities and more than 30,000 visitors

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Reading time: < 1 MinuteWith the participation of more than 200 competing entities from the public and private sectors in the tourism investment field, and a number of visitors exceeding 30,000 visitors from investors, interested parties and media professionals, the Saudi Travel and Tourism Investment Forum concluded its work last week, where the 11th session of 2018 at the Riyadh International Convention and Exhibition Center, where more than 120 ... Read more

Abdulaziz Al-Essa writes... The Egyptian real estate sector Against the current

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333 Abdulaziz Alissa - Riyadh Chamber - E-commerce - Real Estate Market

Reading time: 2 MinutesThe recently concluded Cityscape Egypt showcased a huge leap in the development of real estate investments in the country they call «the mother of the world» through the huge urban renaissance represented by development projects in the residential and commercial sectors. The Arab Republic of Egypt has capitalized on its economic relations and tourism resources to attract major international, Gulf and Saudi companies in the construction and ... Read more

Ministry of Housing approves 76 residential plans on 85 million square meters

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Reading time: < 1 MinuteThe Ministry of Housing's Developer Services Center has received applications for the approval of 89 residential plans with a total area of more than 118 million square meters. The Ministry of Municipal and Rural Affairs has approved 76 plans with a total area of 85.4 million square meters, and is expected to complete the approval of the remaining plans during the coming period. The General Supervisor of the Developer Services Center, Mohammed ... Read more

Authorizing the Wakala service online to make it easier for beneficiaries

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Reading time: < 1 MinuteThe Ministry of Justice has announced the launch of the electronic revocation service for agencies without the need to attend the notary offices, joining a series of e-services to facilitate beneficiaries. Thus, all parties to the agency can complete the process of canceling it electronically, after verifying and confirming their identities through temporary PIN messages linked to the identity through the Absher database. The update is reversed ... Read more

صندوق التنمية العقارية: البناء الذاتي يحل مشكلة %70 من قوائم الانتظار.. وصرف التمويل حسب مراحل البناء

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Reading time: < 1 MinuteThe implementation of the «self-build» product will help solve the issues of about 70 % of the waiting lists of the Real Estate Development Fund. This was revealed by the General Supervisor of the Real Estate Development Fund and the Residential Program, which was launched and signed with 4 financing entities during the first phase, expecting it to reach 8 entities during the fourth installment of «Residential 2» and explained that the product will be activated ... Read more

European and Egyptian real estate... Dubai International Property Show kicks off on April 9

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Reading time: < 1 MinuteThe International Property Show will kick off on April 9 at the Dubai International Convention and Exhibition Center and will last for three days. The exhibition will feature national pavilions of other countries and regions, including Europe, within the huge real estate sales platform during the exhibition, which will feature discounted offers by a full range of participants such as developers, banks, real estate agents, auctions ... Read more

The real estate community awaits the event Restatex Riyadh 2018 will welcome visitors on April 22

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Restatex Riyadh

Reading time: < 1 MinuteRestatex Riyadh Real Estate Exhibition 2018 (Riyadh Real Estate, Housing and Urban Development Exhibition) has completed its preparations to receive the important economic and real estate event at the Riyadh International Convention and Exhibition Center during the period from 22-25 April 2018, under the patronage of Minister of Housing Majid Al-Hogail and organized by Ramtan Exhibition and Conference Organizing Company. The event will be held at the Riyadh International Convention and Exhibition Center from April 22-25, 2018, under the patronage of Housing Minister Majid al-Huqail and organized by Ramtan Exhibition and Conference Organizing Company. Read more

Real Estate Contributions Sets Makkah's Al-Khadra Plan Land Auction for April 11  

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Reading time: < 1 MinuteThe Real Estate Contributions Committee announced that Wednesday, April 11, 2018, will be the date for the auction of the sale of the Al-Khadra scheme in Makkah at the Casablanca Palace Hall. The committee explained in a statement that the plan includes 67 residential and commercial plots within the boundaries of the Haram near the sacred feelings, indicating that the plan is existing and full of services and connected to roads ... Read more

Al Rajhi Bank officially launches Al Rajhi Academy to develop banking technology

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Reading time: 2 MinutesAl Rajhi Bank inaugurated the first phase of the “Al Rajhi Academy”, which is considered a key component to help advance the Saudi talent development program and qualify cadres to work in the bank and contribute to the development of the human resource of the banking sector, and this phase represents the “Banking Academy” at Al Rajhi Bank's Operations and Technology Complex in the Nakheel neighborhood in Riyadh. On this occasion, Khalid Al-Hazim, Head of Al Rajhi Bank's ... Read more

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