Month: November 2018

Jeddah Real Estate Restatex 2018 presents real estate projects and financing solutions on December 5

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Restatex Jeddah

Reading time: < 1 MinuteThe real estate sector is eagerly awaiting the start of the “Restatex Jeddah Real Estate Exhibition 2018,” which will be held from December 5and 9 December at the Jeddah Center for Forums and Events, with broad participation from leading investment, real estate development, housing, banking, and finance companies in the Kingdom. This year’s edition is launching amid widespread interest from the real estate, housing, and financial sectors in the region, as well as segments of society interested in … Read more

Riyad Bank Briefs Investors on Bank Financing... and Lends 400 Million Riyals to MEFK REIT

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Reading time: < 1 MinuteRiyad Bank co-organized the first forum of the National Privatization Center, which was held recently and attended by a number of major investors. This forum is the first of its kind to create bank financing opportunities for businesspeople wishing to invest in the sector. Riyad Bank’s participation in the forum stems from the event’s importance in presenting visions and exchanging ideas and solutions, as well as its commitment to … Read more

Moving the real estate market Implementation of 50 thousand housing units in the Makkah region

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Real Estate Finance - Residential Unit

Reading time: < 1 MinuteTo accelerate the implementation of housing plans, Prince Khalid Al-Faisal, Governor of the Makkah Region, has approved the formation of a task force comprising representatives from the Emirate, the municipal administrations of the Holy City, Jeddah, Taif, the regional branch of the Ministry of Housing, and a number of other entities to accelerate the construction of 50,000 housing units in the region under the “Housing” initiative, with implementation scheduled for the coming period. This is expected to stimulate activity in the real estate and finance sectors. According to the Saudi Press Agency, … Read more

The Ministry of Housing Allocates 27,000 Housing and Financing Options in Al-Qassim

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Al Baida Land Fees Free Land

Reading time: 2 MinutesIn conjunction with the royal visit to the Al-Qassim region recently, the Ministry of Housing announced that it has allocated 27,137 housing and financing options to beneficiaries through the “Sakani” program since its launch last year through the tenth batch in mid-last month. The Ministry clarified that this meets approximately 92.1% of the needs of the region’s residents listed on the Ministry’s rolls, numbering around 29,000 … Read more

Tadawul adds Alkhabeer Real Estate REIT to the Tadawul Capital Market“

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Trading-min

Reading time: < 1 MinuteIt plans to invest in seven diverse income-generating real estate assets located in prime locations in Riyadh, Jeddah, and Tabuk. Al-Khabeer Capital, a company specializing in asset management and alternative investments, has launched an initial public offering of units in the Sharia-compliant «Al-Khabeer REIT» fund. The offering is valued at 237 million riyals ($63.2 million), representing 24% of the total … Read more

Unaiza housing project gets SAR 138 million for infrastructure services

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Reading time: < 1 MinuteThe Ministry of Housing’s “White Land Fees” program has allocated 138 million riyals to complete the implementation and delivery of infrastructure services for the “Unaizah Housing” project in the Al-Qassim region. The project was inaugurated last week by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him. He noted that this amount represents a portion of the program’s revenues collected from fees… Read more

Among 30 opportunities. Real estate, development and land are the main investment opportunities in Taif Governorate 

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Reading time: < 1 Minute Development, Land, and Real Estate: The Top Investment Opportunities in Taif Province Taif Province presented 30 investment opportunities during a meeting attended by business leaders from Makkah, Jeddah, and Taif, in the presence of Hisham bin Mohammed Kaaki, Chairman of the Makkah Chamber of Commerce. The Governor of Taif, Engineer Mohammed bin Hamiel Al-Hamiel, highlighted the benefits of investing in Taif, listing the projects presented to the businessmen. The meeting featured a discussion on the available investment projects, during which investors raised … Read more

Riyadh Chamber discusses the establishment of the Riyadh Venture Capital and Startup Finance Company

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Residential Mortgage - Real Estate Finance

Reading time: < 1 MinuteFinancing Startups and Establishing the Riyadh Venture Capital Company: Key Agenda Items The Riyadh Chamber of Commerce’s Young Businessmen Committee discussed the establishment of the Riyadh Venture Capital Company to finance promising startups and small businesses, stimulate their growth, and provide technical and logistical support to new projects. This came during a committee meeting held by the Riyadh Chamber of Commerce and Industry, chaired by Board Member and Committee Chairman Mr. Ali … Read more

399 residential plots and real estate in the plan Ajlan & Brothers offers Al Qayrawan Gate for sale in Riyadh

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Reading time: < 1 MinuteRiyadh Real Estate is offering a development project featuring properties and developed land for sale in the Al-Qayrawan Qait development in Riyadh. The sale will take place next Tuesday, November 13, 2018, at 4:00 p.m. All infrastructure services—including electricity, water, paving, telecommunications, and stormwater drainage—have been completed. The development is located north of King Salman Road and west of King Fahd Road, which is currently considered one of the most prestigious locations in the city… Read more

Municipality of the Holy Capital allocates 20,000 residential plots in the Crown Prince's plans and announces 8 sites for the Ministry of Housing

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Reading time: < 1 MinuteReal Estate in Makkah: The Municipality of the Holy Capital has announced the allocation of 20,000 residential plots to citizens as the first phase of the Crown Prince’s plans, pending the completion of infrastructure. Eight sites have also been allocated to the Ministry of Housing in Makkah, Al-Jamoum, Asfan, and Ja’ranah, with a total area of 56 million square meters, for the purpose of developing them and implementing housing projects or providing housing grants … Read more

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