Month: December 2018

Dr.. Dr. Abdulaziz bin Saad Al-Dughaythir in a talk about ... Waqf and its most important provisions ( 1 ) ... An introductory introduction to the virtues of waqf and its definition

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Reading time: 2 MinutesWaqf has been an important economic pillar throughout Islamic history; indeed, institutions providing education, medical care, and shelter for the elderly and orphans have drawn their sustenance from waqf, which is why waqfs are of great importance, especially in light of the Kingdom of Saudi Arabia’s Vision 2030, which emphasizes non-oil sectors; therefore, waqfs hold significant importance… Read more

Abdulaziz Al-Issa writes: We wish for new thinking in 2019

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: 2 MinutesAs we welcome the new year 2019, we do so with a forward-thinking, modern approach to regulations, procedures, and technology.  We hope that the relevant authorities will continue to amend regulations that may hinder the wheels of production and development, and nominate ambitious young people to manage the economy and projects alongside the sons and daughters of the nation, on whose education the state has spent millions both domestically and abroad. Reforming past problems and structural flaws requires boldness… Read more

More than 1,600 businesses and entrepreneurs are benefiting from the services of the Business Support Center

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Reading time: 2 MinutesThe General Authority for Small and Medium-Sized Enterprises «Manshaat» that the number of beneficiaries of the services provided by the SME Project Support and Financing Center has reached more than 1,600, distributed across 685 consultation sessions and 312 hours of guidance, while 222 beneficiaries participated in 10 training programs, and 262 small and medium-sized enterprises and entrepreneurs benefited from business support and financing services, since … Read more

Royal Decrees Appointing Ihsan Bafqih as Governor of the General Authority for State Real Estate... and Establishing the General Authority for Exhibitions and Conferences

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Ehsan Bafaqeeh - Royal Orders in Saudi Arabia - Housing Sector

Reading time: < 1 Minute(Royal Decrees) The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, issued a royal decree appointing Ihsan bin Abbas bin Hamza Bafqih as Governor of the General Authority for State Real Estate with the rank of “Excellent.” The royal decree states: (With the help of Allah, the Almighty, we, Salman bin Abdulaziz Al Saud, King of the Kingdom of Saudi Arabia, having reviewed the Basic Law of Governance, issued by Royal Decree … Read more

Royal decree appoints Ehsan Bafaqeeh as governor of the General Authority for State Properties

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, issued a royal decree appointing Ihsan bin Abbas bin Hamza Bafqih as Governor of the General Authority for State Real Estate with the rank of “Excellent.” The royal decree states:  (With the help of Allah, the Almighty, we, Salman bin Abdulaziz Al Saud, King of the Kingdom of Saudi Arabia, having reviewed the Basic Law of Governance, issued by Royal Decree No. (A/90) dated 27/ … Read more

Launched Business Documentation Portal The Saudi Commission for Certified Valuers honors 82 valuers as (Senior Certified) Valuers

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Reading time: 2 MinutesThe Saudi Authority for Accredited Appraisers (TAQEEM) recently celebrated the graduation and honored the first cohort of 82 appraisers who obtained Senior Certified membership, during the 7th Professional Forum for Certified Appraisers held at the Riyadh Chamber of Commerce. The forum was attended by a distinguished group of business leaders, real estate professionals, and experts in real estate appraisal and valuation, in addition to a number of officials from the Authority and the Chamber … Read more

Amlak newspaper follows the implementation of the stages of building houses with the new technology on the land of the Ministry of Housing north of Riyadh

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Reading time: 2 MinutesA team from the real estate newspaper Amlak visited the site to observe the various stages of home construction using the new building technique on land owned by the Ministry of Housing north of Riyadh, and listened to a detailed explanation from Ministry of Housing engineers, who emphasized the quality of the construction and the possibility of building multi-story homes, The engineers explained that it takes only 48 hours to complete a house. The use of this technology aims to contribute to … Read more

1760 activities require a license, Ministry of Commerce: The volume of foreign investments in 4 years amounted to 76 billion riyals

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Reading time: < 1 MinuteMinister of Commerce Dr. Majid Al-Qasabi revealed that the volume of foreign investment in the Kingdom over the past four years reached 76 billion riyals, emphasizing the Ministry’s commitment to making a strong impact on e-commerce and transforming the Kingdom into a regional hub for it, especially given that the Kingdom’s potential and location reinforce this goal. He explained that https://mci.gov.sa/LawsRegulations/Projects/Pages/ec.aspx Bureaucracy has killed the country, and there are 1,760 businesses in … Read more

Provides 21,302 housing units. Ministry of Housing announces the start of reservations in Rawabi Al Hegaz

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Reading time: 2 MinutesCovering a total area of 1,413.690 square meters, the Ministry of Housing, represented by the Housing Program, announced the start of reservations for the Rawabi Al-Hijaz project in Jeddah Governorate, in the Makkah Region, as the largest residential real estate project, which provides 21,302 residential units “under construction”—comprising various apartment models with diverse sizes and designs—as one of the largest partnership projects between the Ministry of Housing and the private sector. The project begins … Read more

With 15,000 investors and 75 exhibitors from 15 countries participating, Jeddah is hosting the “International Real Estate Exhibition” for the first time

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Real estate in Saudi Arabia

Reading time: 3 Minutes5% to 10 %: The real estate sector’s contribution to the Kingdom’s GDP by 2020. The real estate sector is accelerating Saudi Arabia’s non-oil growth by approximately 1.6 % In the first quarter of 2018, with the participation of more than 15,000 investors and 75 exhibitors from 15 countries around the world, the International Real Estate Exhibition kicks off for the first time to showcase projects and properties … Read more

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