Month: May 2018

Jeddah Chamber discusses with “Small and Medium Enterprises” to enrich the economics of Hajj and Umrah

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Jeddah Chamber

Reading time: 2 MinutesSmall and medium-sized enterprises play an active role in the development of the local economy; they account for 20 % of the Kingdom’s gross domestic product, while the global average is 46 %, noting that closing this gap would result in an increase in GDP of up to approximately 1.1 trillion Saudi riyals. The Assistant Deputy Governor of the Authority, Engineer Bassam Ali Al-Sadiq, emphasized in … Read more

Minister of Housing praises the role of the Shura Council He provides details of the ministry's initiatives and programs

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Accreditation of the Saudi Housing Guarantee Company

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Housing, affirmed that the Shura Council is a key partner in the successes achieved by the Ministry by highlighting numerous regulations and policies related to the sector, particularly the contributions of the members of the Committee on Hajj, Housing, and Services, their tremendous efforts, and their constructive recommendations—many of which have been implemented and have had a positive impact on the Ministry’s performance … Read more

Kuwait's real estate prices drop slightly; demand for “commercial” outstrips supply

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Reading time: < 1 MinuteDuring the first half of this year, the Kuwaiti real estate sector witnessed several changes that differed from the same periods in previous years, as the value of transactions rose significantly, while prices fluctuated markedly between increases and decreases. Real estate experts agreed that property prices will stabilize, with a slight downward trend, due to several seasonal and economic factors, emphasizing in … Read more

Next Thursday is the deadline for tax returns for companies with revenue of less than 40 million riyals

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Reading time: < 1 MinuteThe General Authority for Zakat and Income has set the deadline for filing the April tax return at the end of this month of May for companies whose annual supply of taxable goods and services exceeds 40 million riyals. The Authority noted that businesses are entitled to amend tax returns they have previously filed for a prior tax period, in accordance with the provisions of the Executive Regulations of the … Read more

The Council of Saudi Chambers launches the “Ministerial Conferences” initiative at the Makkah Chamber on the economics of Hajj and Umrah

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Reading time: 2 MinutesIn line with the Council of Saudi Chambers“ ”Ministerial Conferences” initiative, which focuses on engaging with the private sector, the Makkah Chamber of Commerce and Industry hosted the first Ministerial Conference yesterday, Sunday, which highlighted the Hajj and Umrah sector as one of the target sectors in Vision 2030 by increasing the capacity to accommodate pilgrims from 8 million to 30 million Umrah pilgrims, … Read more

The Ministry of Housing Hands Over 19 Projects to Real Estate Developers to Begin Implementation

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Reading time: < 1 MinuteThe number of Ministry of Housing projects that have been handed over to real estate developers and on which work has begun has reached more than 19 residential projects in various regions of the Kingdom, representing 42% of the total projects under construction “Off-plan sales” announced in recent months, totaling 45 projects. The Ministry of Housing has been working recently to expedite the completion of procedures to begin implementation… Read more

Dubai Land Department launches digital real estate marketplace to finalize investor procedures

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UAE real estate

Reading time: < 1 MinuteThe Dubai Land Department announced the development of the “Self-Managed Real Estate” as Dubai’s first digital real estate marketplace, enabling investors to make real estate investment decisions through a comprehensive set of digital procedures without the need for paper documents and minimizing real estate brokerage procedures. The project is part of the “Dubai X10” initiative adopted by His Highness Sheikh Hamdan bin Mohammed bin … Read more

Installments for the Upper Jeddah housing project start from 260 thousand riyals. The project's capacity is 9868 apartments

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Reading time: < 1 MinuteThe “A’ali Jeddah*” Housing Project at a Glance: It comprises 9,868 residential apartments. Monthly payments start at 868 riyals. Unit prices start at 260,250 thousand riyals. The project covers an area of 920,00 and includes 5 mosques, 10 schools, 6 shopping centers, and 16 recreational parks. *Source: Ministry of Housing

Launch housing projects using seven modern construction techniques that ensure quality and affordability

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Mortgage - Real Estate Finance

Reading time: < 1 MinuteThe ministry’s official spokesperson, Saif Al-Suwailem, revealed that the Ministry of Housing has begun implementing most of its projects using modern construction techniques in partnership with the private sector, according to the “Saudi Press Agency.” The use of modern construction techniques ensures high quality and provides guarantees to all beneficiaries of these projects. Al-Suwailem emphasized that significant efforts are still underway to utilize other technologies, in … Read more

“Sakani”. A new interactive online platform showcasing 65 housing projects with different features and prices

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Reading time: < 1 MinuteThe Ministry of Housing has launched the interactive “Sakani” online platform, which provides details on all projects announced by the Ministry since the launch of the “Sakani” program in early 2017, The platform also offers numerous interactive services that include full details about the projects, such as locations, prices, the number and types of housing units, and various amenities, in addition to the ability to schedule appointments to visit the projects and complete reservation procedures … Read more

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