Reading time: < 1 MinuteDubai Holding has unveiled details of the 3.85 million square feet Madinat Jumeirah Living, a residential project off Burj Al Arab in Dubai, at Cityscape Global, which kicked off yesterday in Dubai. Jumeirah Living City is a residential community consisting of buildings connected by pedestrian walkways and jogging paths, which collectively provide ... Read more
Reading time: < 1 MinuteThe Council of Economic and Development Affairs (CEDA) discussed a number of economic and developmental issues at its meeting at Al Yamamah Palace in Riyadh yesterday evening, including the presentation by the Ministry of Economy and Planning of the economic and development report of the Kingdom of Saudi Arabia for the second quarter of this year. The meeting discussed national and international economic indicators, key macroeconomic developments, gross domestic product (GDP) indicators, performance ... Read more
Reading time: < 1 MinuteThe Ministry of Housing has strengthened its efforts to pump more of its housing products, as the Ministry's “Residential” program announced the launch of 3 new housing projects in partnership with the private sector with a total of 9295 housing units “under construction”, with various models and designs, and includes a number of housing options such as villas and townhouses with various spaces and designs, distributed in the cities of Rabigh, Taif and Jizan. The program explained in a statement ... Read more
Reading time: 3 MinutesWith more than 300 exhibitors, the 17th edition of Cityscape Global, the Middle East's largest and most influential real estate and investment show, kicked off on October 2-4 at the Dubai World Trade Center (DWTC). Local and international exhibitors competed with each other to attract the attention of investors and buyers from around the world to capitalize on the ... Read more
Reading time: < 1 MinuteWith the presence of 300 companies, Cityscape Global 2018 in Dubai opened its doors to thousands of investors, real estate experts and those wishing to buy, and the exhibition is taking place at the Dubai World Trade Center and will continue until the evening of Thursday, October 4. Cityscape Global is expected to attract more than 30,000 visitors and enjoys great popularity among ... Read more
Reading time: 2 MinutesThe Ministry of Housing's Developer Services Center “I'tamam” continued to provide its services to the public and private sectors, as it approved 119 residential plans with a total area of more than 159 million square meters, during the last nine months of 2018, and these plans were distributed in all regions of the Kingdom. Makkah and Riyadh are in the lead, and the Makkah region received the largest number of approved plans by ... Read more
Reading time: < 1 MinuteThe Ministry of Housing's “Ejar” and ”Malak” programs have launched a new e-service that provides members registered in the two programs with lists of many companies that enable them to obtain services (facilities management, complexes and maintenance of real estate units) electronically so that members can request and obtain the service through the electronic platform. The launch of the “Services Membership” e-window is a developmental step to provide several benefits ... Read more
Reading time: 2 MinutesDuring his speech at the Saudi Law Conference yesterday in Riyadh, the Minister of Justice and Chairman of the Board of Directors of the Saudi Bar Association, Dr. Walid bin Mohammed Al-Samaani, called for focusing on how to build legal services in a non-traditional structure, and seeking positive development and the issue of shortening procedures and avoiding complexity as much as possible, pointing out that this burden falls on the legal and judicial authorities in ... Read more
Reading time: 2 MinutesThe Public Investment Fund (PIF) yesterday unveiled the general features of the Amaala project, an ultra-luxury tourism destination on the Red Sea coast, dubbed the “Riviera of the Middle East.” The project aims to establish a completely new concept of luxury tourism centered on wellness, health and treatment. With groundbreaking expected in the first quarter of 2019 and the opening of the first phase at the end of 2020, the ... Read more
Reading time: < 1 MinuteThe Ministry of Finance revealed its expectations about the features of the 2019 budget during a press conference to disclose the estimated budget data, and the total revenues are likely to reach about 978 billion riyals in 2019, an increase of 11% compared to 2018, while expenditures are estimated at about 1,106 billion riyals, higher than the expected spending during this year by about 7% in the framework of seeking ... Read more
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