Month: November 2018

The Ministry of Housing and SIMAH agree to provide an index of data and statistics for the housing sector

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Reading time: < 1 MinuteAn agreement signed between the Ministry of Housing and the Saudi Credit Bureau “SIMAH,” aimed at providing data and statistics for the housing sector. The signing took place at the Ministry of Housing headquarters in Riyadh in the presence of His Excellency the Minister of Housing, Mr. Majed bin Abdullah Al-Hogail, and the CEO of the Saudi Credit Bureau (SIMAH), Suwaid bin Mohammed Al-Zahrani. The agreement will help identify housing price trends, which is needed … Read more

With the Riyadh Chamber of Commerce as a sponsor, the “Saudi Finance and Investment Exhibition” kicks off next Sunday with broad participation from banks and financial institutions

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Reading time: < 1 MinuteUnder the patronage and with the participation of the Riyadh Chamber of Commerce, “Sama Exhibitions” (Sky Expo), the leading Saudi company in organizing exhibitions and conferences, is organizing the “Saudi Finance and Investment Exhibition” in its third edition from November 11 to 13, 2018, at the Riyadh International Convention and Exhibition Center (Hall 2). Participating in the exhibition are the largest banks, finance and investment companies, real estate developers, engineering consultancies, automotive companies, and others. … Read more

Prince Mohammed bin Salman inaugurates and lays the foundation stone for the first nuclear research reactor and airframe factory

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Reading time: 2 MinutesThe groundbreaking ceremony for seven strategic projects—in the fields of renewable energy, nuclear energy, water desalination, genetic medicine, and the aircraft industry— during a visit by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister, to King Abdulaziz City for Science and Technology yesterday, Monday. The project will be inaugurated by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince… Read more

Dubai Calls on Real Estate Professionals to Use Approved Forms for Property Leasing Brokerage

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Reading time: < 1 MinuteThe Real Estate Regulatory Agency, under the Dubai Land Department, has required real estate brokers to use the approved forms for real estate leasing brokerage. The forms include a property inspection agreement, a rental brokerage agreement between the owner and the real estate broker, and a rental brokerage agreement between the broker and the tenant. In a circular issued by the Authority, it noted that the purpose of this measure is to regulate … Read more

The Taif Municipality Recovers More Than 8 Million Square Meters of Government Land Designated for Housing Projects

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Reading time: < 1 MinuteTaif Real Estate: The Taif Municipality has reclaimed more than 8 million square meters of government-owned land designated for Ministry of Housing projects in northern Taif, after violators attempted to seize it by squatting on the land and erecting various structures and installations. The Al-Sail Al-Kabeer Municipality carried out the demolition work with the support of security forces, in collaboration with the Violations Committee in northern Taif, a representative from the Ministry of Housing’s branch in the province, and the mayor of … Read more

Ministry of Justice launches 74 real estate indicators that provide real and detailed real estate prices

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Title Deed - Real Estate

Reading time: < 1 MinuteThe Ministry of Justice has unveiled 74 real estate indicators designed to provide detailed, accurate property sale prices, enabling citizens and investors to make informed decisions and conduct transactions, as well as relevant authorities, who can use the portal to monitor inflation in the real estate sector or assess stagnation in real estate activity. The Ministry provided details about the real estate indicators service via its electronic portal (here), where visitors can … Read more

The Shura Council calls on the Real Estate Fund to offer loans suitable for young families and to investigate the reasons why beneficiaries are defaulting

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Reading time: < 1 MinuteThe Shura Council called on the Real Estate Development Fund to offer loans suitable for young families, with repayment schedules tailored to household income, and to explore the issuance of sukuk for housing finance in coordination with relevant authorities, thereby facilitating the real estate financing process. During its 60th regular session held yesterday, Monday, under the chairmanship of Council President Abdullah Al-Sheikh, the Council directed the Fund … Read more

«Amlak surveys participants at Construction Expo 2018 Musafir Al-Dosari: International and diverse participants confirm the attractiveness of the Saudi market and the great purchasing power in the sector

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Reading time: < 1 MinuteThe Saudi construction market is undergoing significant and fundamental changes as a result of the substantial and notable development in the construction sector, which experts expect to grow in light of the strategic projects the Kingdom has begun to implement. With expectations of more infrastructure projects, as well as projects by the Ministry of Housing and the private sector, the newspaper «Amlak Al-Aqaria» surveyed a number of interested parties and specialized companies regarding their participation in … Read more

«Amlak surveys participants at Construction Expo 2018 Exhibitors: Strong presence of local and foreign companies confirms the strength of the Saudi construction market

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Reading time: 3 MinutesMusfir Al-Dosari: The diverse international participation underscores the appeal of the Saudi market and the sector’s strong purchasing power. Abdulmajeed Al-Omari: The exhibition is an opportunity for open competition and the creation of quality... and the Investment Forum stole the spotlight. Mohammed Yassin: Having companies in one place facilitates cooperation between domestic and foreign investors. Rakan Al-Suhaimi: Our participation in the exhibition was exceptional and a real asset… and the next edition will be even better. The market is witnessing… Read more

How to carry out electrical cable laying work and episode (78) by Majid Al-Muhaimeed.

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Reading time: 2 Minutes The electrician then proceeds to run electrical cables throughout the courtyard. All sub-distribution panels (distribution boxes) inside the building are powered by a separate electrical cable connected to the main distribution panel, which is installed on the inside of the building’s fence. The main distribution panel is powered by a special cable connected to the utility company’s «drum,» which is… Read more

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