Month: December 2018

In conjunction with ArabNet Riyadh Monshaat's Saudi Startup Forum attracts 100 startups from around the world

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Reading time: 2 MinutesUnder the slogan «The Kingdom's Technological Renaissance», ArabNet Riyadh will be launched in conjunction with the Monshaat Saudi Startups Forum on December 12-13, with the participation of 100 startups from around the world and 50 venture capitalists from outside the Kingdom in the largest gathering of digital professionals and entrepreneurs, to encourage investors to enter the Saudi market. During the forum, more than ... Read more

Amlak is a media sponsor The real estate sector reveals its trends at Restatex Jeddah 2018 with the best real estate companies

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Reading time: 2 MinutesUnder the patronage of His Excellency the Minister of Housing Majid bin Abdullah Al-Hogail, next Wednesday evening, December 5, the Jeddah Real Estate Exhibition will kick off in a new session that will last until December 9 at the Jeddah Center for Forums and Events, and the best real estate companies participate in the exhibition all sectors, programs and projects of the Ministry of Housing and the Real Estate Development Fund and an elite group of real estate development and housing investment companies and most ... Read more

Mohammed Hattahut writes: Monopoly in Saudi Arabia. How does the world address the greed of merchants?

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Reading time: 3 MinutesThe American city of San Diego has faced an issue that has turned a large number of residents into homeless people, namely the high rental prices of real estate that families cannot afford! After researching the origins of the issue, it was found that some (real estate tycoons) carried out what is known in the art of pricing standardization as Price Fixing, a practice that is a crime in most countries of the world, when a group of ... Read more

The first construction quality inspection was conducted in the individual construction track. Individuals are able to obtain a construction quality inspection certificate

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Reading time: 2 MinutesThe Sustainable Construction Program of the Ministry of Housing revealed that it has conducted the first building quality inspection carried out by engineer Ibrahim Al-Tamimi. The program indicated that «Al-Tamimi» carried out the first accredited building quality inspection, which benefited the citizen Khalid Al-Mutairi as the first citizen to be provided with this service, stressing that the program continues to receive requests for inspection to benefit from this service through the program's website. ... Read more

Asir Governorate reclaims 1.7 million square meters of state-owned government land

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Reading time: 2 MinutesThe municipality of Muhayil Asir Governorate in the Najran region has recovered more than 1780540 square meters of state-owned government lands, which were seized by people in various places in the governorate in the months of Muharram and Safar last year. The municipality, represented by the Land Department and in cooperation with the security authorities and the encroachment committee in the governorate, recovered these lands from ... Read more

Real estate sales in Kuwait record about 2.9 billion dinars in 10 months and rise 44% in October

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Real Estate in Kuwait

Reading time: 2 MinutesThe index of total real estate sales in Kuwait increased by about 326 million dinars (contracts and agencies) last October, recording a growth of about 44% compared to the levels recorded in the same period of 2017, and the index of the number of transactions recorded in the market during October increased by about 42%, recording 710 deals compared to 466 deals in the same month of 2017, while the index of ... Read more

Businesses urged to register for VAT before December 20

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Reading time: 2 MinutesThe General Authority for Zakat and Income Tax (GAZT) has called on establishments whose annual supplies exceed 375,000 riyals to register in the Value Added Tax (VAT) system before December 20, 2018 by using the VAT website VAT.GOV.SA. The General Authority for Zakat and Income stressed that failure to register for VAT will result in the exemption of residential real estate from the tax. Read more

Mr. Abdulaziz Al-Issa writes: Ministry of Housing. Questions not to be answered

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Abdulaziz Al-Issa: Real Estate Finance

Reading time: 2 MinutesLast week, the Residential Expo Riyadh ended, which revealed many positive and negative indicators at the same time, as it clearly showed the great effort made by the Ministry of Housing in solving the housing issue in the Kingdom through its strategy of pumping housing and financing products in various forms throughout the country, and this is something praiseworthy for the ministry to move the best ... Read more

The General Authority for Real Estate prepares to implement an initiative to develop the regulation of real estate contributions and build a national platform for real estate indicators

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Reading time: < 1 MinuteThe Public Authority for Real Estate, represented by the Public Relations and Media Office, is preparing to implement an initiative to develop the organization of real estate contributions, and an initiative to build a national platform for real estate indicators. The Authority indicated that it intends to establish a real estate arbitration center to reduce the number of cases referred to the courts, and to qualify and establish expert offices that provide technical and professional expertise, through an electronic system in real estate cases. Read more

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