Month: February 2019

930 million dollars worth of real estate transactions during the week. The number of transactions reaches 6966

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Real Estate Index - Real Estate Transactions

Reading time: 2 MinutesThe real estate index for the commercial sector in the Kingdom showed a record decline of 26.4% for all deals in a week, to stabilize the total value of real estate deals at $ 930 million, affected by the record decline in the value of deals executed on commercial plots of land, which led the value of commercial deals to low levels, in a new reaction to the decline in the market, which includes both segments ... Read more

Ministry of Housing graduates first batch of qualified examiners in Eastern Province and starts working with sustainable building services

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Reading time: 2 MinutesThe Ministry of Housing has graduated the first batch of qualified examiners to carry out “Building Quality Inspection” and “Inspection of Prefabricated Buildings” services in the Eastern Province, as part of the “Sustainable Construction” system, which aims to provide mechanisms and solutions that help beneficiaries verify the quality of construction and raise the reliability of housing units through certified engineers. This step comes as a prelude to launching the service in the Eastern Province after qualifying engineers ... Read more

Al Ahli Bank implements 57 projects for 33 charitable organizations in 10 different cities

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National Bank

Reading time: 2 MinutesAs part of its commitment to its corporate social responsibility and promoting employee engagement in volunteer work, the National Bank's Professional Volunteering Program implemented 57 charitable projects that varied between technical, financial, administrative and marketing fields through 155 volunteers from the bank's employees, with a total of 1,041 volunteer hours to implement these projects for 33 charitable associations and institutions in 10 Saudi cities during the year ... Read more

428 enterprises operating in the tourism sector with funding of about 1.1 billion. 153 companies entering the sector this year

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Saudi Arabia's investment in tourism

Reading time: 2 MinutesRecent reports issued by the “Kafalah” program showed that 153 small and medium enterprises operating in the tourism sector joined the list of beneficiaries of the SME financing sponsorship program and the financing and banking institutions participating in the program during 2018, with a growth rate of 23% compared to the previous year 2017, and the value of guarantees amounted to more than 211 million riyals and the volume of financing ... Read more

Perspectives. By: Mudhir Al Khamis - New residential projects and the blurring of lifestyle

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Housing crisis

Reading time: 2 MinutesNew housing projects and the fog of lifestyle Perspectives by: Mudhir bin Ali Al Khamis The Ministry of Housing is making attempts to develop housing solutions, and the investment entities are also trying to contribute to these solutions, which so far seem intractable! This impression was renewed by my visit to the Sakany exhibition held in the Eastern Province at the Dhahran International Exhibitions, and through ... Read more

Riyadh Real Estate and Urban Development Exhibition ”Restatex 2019" kicks off on April 21

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Real Estate Exhibition - Real Estate Projects

Reading time: 2 MinutesRiyadh will host the Riyadh Real Estate and Urban Development Exhibition ”Restatex 2019”, a comprehensive real estate exhibition, under the patronage of the Minister of Housing, Mr. Majid Al-Hogail, at the Riyadh International Convention and Exhibition Center, with the participation of Amlak Real Estate, and a large presence of dozens of real estate companies, national and international institutions and government agencies. The exhibition coincides with the ... Read more

Approval to modify the names of the Crown Prince's plans in Makkah with special names in the Holy Capital

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Makkah Real Estate

Reading time: < 1 MinuteHis Royal Highness Prince Badr bin Sultan bin Abdulaziz, Acting Emir of Makkah, has approved the proposal submitted by the Municipality of the Holy Capital, which includes amending the names of the Crown Prince's plans with names that distinguish Makkah from other cities. The Municipality of the Holy Capital, represented by the Naming and Numbering Committee, proposed that the plans be distributed according to ... Read more

During the Future Projects Forum Riyadh Governor: We are working to find solutions to 662 projects worth 40 billion riyals

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Future Projects Forum

Reading time: 2 MinutesHis Royal Highness Prince Faisal bin Bandar, Governor of Riyadh Region, inaugurated yesterday evening the Future Projects Forum, stressing that the value of the projects announced during the opening ceremony is a great opportunity for contractors to see them, which proves that the Kingdom is a country of regulations and laws and appreciates good work within the vision of the Kingdom 2030 adopted by the Custodian of the Two Holy Mosques and His Highness ... Read more

Ministry of Housing launches ”Government Relations Department” and signs an agreement with “Health” to facilitate first home ownership for its employees

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Residential program

Reading time: < 1 MinuteHousing Minister Majid Al-Hogail revealed the establishment of a new department called the “Government Relations Department”. Al-Hogail said in a tweet that the new department aims to achieve the aspirations of government employees. It is worth noting that the new department started its work with the Minister of Housing signing an agreement with Minister of Health Tawfiq Al-Rabiah to facilitate the ownership of the first home by employees of the Ministry of Health. ... Read more

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