Month: December 2018

Governor of the General Real Estate Authority congratulates the Custodian of the Two Holy Mosques on the occasion of the fourth anniversary

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Sale of real estate

Reading time: 2 MinutesHis Excellency Mr. Essam bin Hamad Al-Mubarak, Governor of the General Real Estate Authority, extended his congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince —may God protect them—and the Saudi people, on the occasion of the fourth anniversary of the Custodian of the Two Holy Mosques’ accession to the throne. In his speech on this occasion, His Excellency said: “The Kingdom has become one of the major countries that … Read more

92 million riyals allocated for housing in Al-Dawadmi: The White Land Fees Program announces a comprehensive plan for revenue allocation

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White Land Fees

Reading time: 2 MinutesThe Ministry of Housing’s White Land Fees Program has allocated 92 million riyals to complete the implementation and delivery of infrastructure services for the Al-Dawadmi Housing Project in the Riyadh region. The project is being built on an area of 1.84 million square meters and offers 501 villas ready for delivery, in addition to properties comprising 735 plots of land that will be handed over to citizens after the completion of infrastructure development. The amount represents … Read more

“Manasat Real Estate Valuation wins Amlak Award for Real Estate Excellence Khalid Al Moubayed calls for economic optimism in the community

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Reading time: 2 MinutesThe CEO of “Mansat” Real Estate Appraisal Company, Khalid bin Shaker Al-Mubayd, received the “Amlak Real Estate Excellence Award” for the best appraisal forecast of a property to be auctioned, based on a survey conducted by Amlak Real Estate Newspaper to assess and value the Al-Ghadeer land on which the auction of the estate of Sheikh Saleh Al-Rajhi—may God have mercy on him— in northern Riyadh, before the Public Investment Fund successfully purchased it for the sum of … Read more

The housing program pumps more than 209 thousand housing units ready. And 26 thousand units under construction

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Reading time: 2 MinutesThe Ministry of Housing has revealed the number of housing units under construction through its “Sakani” program, which stands at approximately 209,000 units. The Makkah region accounted for 45.8% of these, with approximately 95,461 units under construction. Meanwhile, the number of completed housing units distributed reached approximately 26,273, with the first batch allocated to Riyadh, followed by… Read more

Ministry of Housing: Fees have been imposed on 80 vacant lots in Makkah... and another 400 are currently under review

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White Land Fees

Reading time: 2 MinutesThe Ministry of Housing revealed that the number of plots subject to white-fee charges in the city of Makkah has reached 80, while 400 plots are currently being reviewed for potential taxation. The ministry noted that it will not exempt the owners of these plots unless their land is developed by 100%, and that those who have begun development but have not yet achieved the full percentage will not be exempted. … Read more

Samba Financial Group launches a panel discussion at Fintech 18

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Reading time: 2 MinutesSamba Financial Group launched a discussion platform at the Al Faisaliah Hotel in Riyadh as part of the recent FinTech 18 event, which saw active participation from banking and financial institutions, as well as a select group of experts and specialists in the field of financial technology, and finance companies. The forum began with an opening address by Ms. Rania Nashar, CEO of Samba Financial Group, in which she reviewed the factors driving the growth of the fintech sector… Read more

Industrial Development Fund launches new initiative to support entrepreneurs under the “Afaq” program”

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Reading time: 2 MinutesThe Industrial Development Fund announced its collaboration with the Badir Program for Technology Incubators and the launch of its second initiative under the “Afaq” program to support small and medium-sized enterprises—an initiative designed to support entrepreneurs and finance promising projects. This announcement came during a meeting between the Industrial Development Fund team and investors in the industrial sector, held yesterday in collaboration with the Madinah Chamber of Commerce. The initiative aims to finance industrial projects and expand the industrial landscape… Read more

Prince Mohammed bin Salman to Lay the Cornerstone for King Salman Energy Park “Spark“ Next Monday

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Reading time: 2 MinutesThe Kingdom is preparing to launch King Salman Energy Park “Spark“ next Monday, with Prince Mohammed bin Salman set to lay the cornerstone. Saudi Aramco is managing the city, with investments estimated at $1.6 billion (6 billion riyals) in infrastructure development and preparation. It is expected to provide significant investment opportunities across all sectors. The development will take place in three phases, and King Salman Energy Park is located between the cities of … Read more

Anan Real Estate successfully sells out the entire Al-Basateen neighborhood development, with an average price per square meter exceeding 2,000 riyals

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Reading time: 2 MinutesWith a large turnout of businesspeople and real estate professionals, Anan Real Estate successfully sold the entire Al-Basateen development within three hours at an auction the company organized last Friday evening on a plot of land in the Al-Basateen neighborhood in northwest Riyadh. The average price per square meter reached 2,024 riyals, while prices for some plots ranged from 2,600 to 1,900 riyals … Read more

The “Basateen Neighborhood” auction kicks off this Friday afternoon and offers investment and residential plots of land. Anan Real Estate completes its preparations for the event

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Reading time: 2 MinutesToday, December 7, 2018, Anan Real Estate is welcoming businesspeople, investors, real estate companies, and those seeking investment opportunities to the Al-Basateen District auction in northwest Riyadh. The “Al-Basateen District” auction features prime residential, commercial, and office plots covering a total area of 500,000 square meters. Anan Real Estate has revealed that the sale will be conducted through a system… Read more

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