Month: January 2019

USD 30 billion worth of hotel construction contracts in the Middle East through 2023

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Hotel Projects - Contracting - Apartments and Villas Prices

Reading time: 2 Minutes The “Arab Hotel Investment Forum 2019” released its annual hotel investment forecast, which projects that the value of hotel construction contracts will reach approximately $30 billion in the Middle East and North Africa region between now and 2023. According to the study, the most active hotel construction projects are located in the United Arab Emirates, Egypt, and Saudi Arabia… Read more

Department of Urban Planning and Municipalities announces the launch of Abu Dhabi Real Estate app for commercial spaces

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Real estate application

Reading time: 1 MinuteThe Department of Urban Planning and Municipalities announced the launch of the Abu Dhabi Real Estate app for leasable commercial spaces, which provides all stakeholders with information and data on the rental index and real estate transaction index in Abu Dhabi regarding the sale and purchase of land and real estate units in the emirate for developers, investors, and tenants. Through an interactive map, the Abu Dhabi Real Estate app helps enhance transparency in the real estate sector, as it … Read more

Minister of Housing: The ministry is moving in the right direction. We will announce new figures at the end of January

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Real estate prices

Reading time: 2 MinutesHousing Minister Majed bin Abdullah Al-Hogail assured that the ministry is on track to achieve its goals in line with its programs, noting their aspiration for an ambitious future this year to reach a homeownership rate of 60% by 2020. Al-Hogail expressed his satisfaction with the achievements made in 2018, during which the Ministry provided more than 300,000 housing and financing options, which had an impact on … Read more

Ministry of Housing during Housing Forum 2019: 35 projects have been implemented to create 11.6 thousand housing units

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Housing projects

Reading time: 2 MinutesData released by the Ministry of Housing during the 2019 Housing Forum, held yesterday, Tuesday, at the Movenpick Hotel in Riyadh, showed that the number of housing projects implemented by the Ministry on its land and currently being handed over to citizens has reached 35 projects forcreate 11,600 housing units, distributed across various regions of the Kingdom. Riyadh accounts for the largest share of housing projects, with the Riyadh region claiming the largest share … Read more

Residential Program 2019 announces the allocation of 200 thousand housing options. And building 75 thousand housing units with modern technologies

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Ministry of Housing

Reading time: 2 MinutesIn the presence of Housing Minister Majed Al-Hogail, along with a number of officials, stakeholders, companies, and media representatives, the Ministry unveiled the general outline of the 2019 Housing Program yesterday, Tuesday, during a forum it organized yesterday afternoon at the Movenpick Hotel in Riyadh, where it announced the allocation of 200,000 new housing and financing options for beneficiaries of the Ministry of Housing and the Real Estate Development Fund under the 2019 Housing Program. Ministry options … Read more

Itqan Real Estate succeeds in marketing and selling 96 pieces of the Future Plan worth more than 170 million riyals

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Riyadh real estate

Reading time: 2 MinutesItqan Real Estate has achieved success in the first phase of the ”Future Plan” project in Al-Dar Al-Bayda, south of Riyadh, with a total of 96 plots sold on the first day, worth over 170 million riyals. Itqan Real Estate announced that sales will continue in the project, which covers an area of approximately one million square meters and is located at the intersection of Al-Ha’ir Road and … Read more

The Saudi Real Estate Institute Launches the “Investment Opportunities in the Real Estate Sector” Program for Executives in Collaboration with Its Strategic Partner

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Real Estate Sector

Reading time: 2 MinutesWith the aim of developing and delivering high-quality programs for executives and professionals, the Saudi Real Estate Institute—the training arm of the General Real Estate Authority—has launched its first program for real estate executives in collaboration with its strategic partner “IE Business School,” titled “Global and Local Trends and Investment Opportunities in the Real Estate Sector.“ The program is part of the Institute’s efforts to fulfill its mission of developing and raising the level of knowledge and culture in … Read more

Saudi Contractors Authority organizes “Future Projects Forum” and participants showcase more than 500 projects

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Investment Project - Real Estate Projects

Reading time: 2 MinutesWith the participation of more than 25 government agencies and leading Saudi national companies, the Saudi Contractors Authority is organizing, from February 26 to 27, 2019, the “Future Projects Forum“ to showcase 500 investment and service projects worth over 200 billion riyals; these include projects related to the Kingdom’s Vision 2030, infrastructure, oil, and petrochemicals, as well as residential projects, and others related to operations and maintenance, among others, … Read more

Saudi Venture Investment Company signs Memorandum of Understanding with US investor Tim Draper

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Investment fund

Reading time: < 1 MinuteThe Saudi Venture Capital Company signed a memorandum of understanding with American investor Tim Draper, one of the world’s leading venture capitalists, under the auspices of the General Authority for Small and Medium Enterprises (Monsha’at), and in the presence of the Authority’s Governor, Engineer Saleh bin Ibrahim Al-Rashid. The memorandum of understanding provides for the establishment of a venture capital investment fund for small and medium-sized enterprises in the fields … Read more

The Makkah Development Authority and the Regional Municipality are set to demolish 102 properties in the Al-Nakasa neighborhood of the Holy City

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Makkah Real Estate

Reading time: < 1 MinuteAs part of the redevelopment plan for the Makkah region, the Makkah Development Authority and the Makkah Municipality have begun demolishing 102 properties in the Al-Nakasa neighborhood of Makkah, as part of the first phase of the region’s development. The demolition was carried out with the participation of relevant authorities.    In the first week of January, the Authority began disconnecting the electricity supply from … Read more

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