Month: March 2019

153 companies to enter the sector this year 428 establishments operating in the tourism sector with funding of about 1.1 billion

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Facility financing

Reading time: 3 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 2017, with the value of guarantees amounting to more than 211 million riyals and an estimated financing volume of about ... Read more

Strong competition characterizes the UAE experience «Wafix 2019 showcases the most prominent off-plan sales projects in Jeddah and attracts international expertise

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Off-plan sales

Reading time: 3 MinutesMajor local and international companies have flocked to participate in the second forum and exhibition of off-plan sales projects «Wafix 2019», organized by the Off-plan Sale and Leasing Program «Wafi» during the period from 9 to 11 March at the Hilton Hotel in Jeddah, which is patronized by His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, and attended by a number of interested, specialists and concerned with real estate in ... Read more

Itqan Real Estate Company offers today commercial and residential properties and various lands on Al-Rail Street in Al Gharabi neighborhood

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Commercial real estate

Reading time: 3 MinutesThis afternoon, Tuesday, March 12, 2019, Itqan Real Estate Company is offering commercial properties and investment and residential lands in the largest public auction held in a commercial and investment market in central Riyadh, where the company has completed its preparations to sell a number of commercial complexes, galleries and lands in the business district (Al Gharabi), and the properties offered are a golden opportunity to own income-generating properties in the commercial heart of Riyadh. Commercial complexes and real estate ... Read more

UAE delegation at Wafex 2019 reveals the importance of legal regulation of off-plan sales

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Off-plan sales

Reading time: 2 MinutesThe UAE delegation participating in the “Wafix 2019” forum and exhibition for off-plan sales projects in its second edition, organized by the off-plan sales program “Wafi” in Jeddah, revealed the importance of having a legal regulation of the off-plan sale process to instill confidence in all parties, and the adoption of the basic sale price that cannot be exceeded, explained the Director of the Real Estate Sector Development and Development Department in ... Read more

Minister of Housing visits Laden Investment Company, inspects Finan residential project and checks on preparations for the start of construction

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Residential project

Reading time: 2 MinutesHis Excellency Minister of Housing Majid Al-Haqeel inspected the projects of Laden Investment Company in Jeddah, where he was briefed on the details and features of the company's Finan project, which is part of the Ministry's partnership with the private sector. For his part, Mr. Abdulrahman Al-Qout gave a distinguished presentation to the Minister, his accompanying delegation, businessmen and media professionals, expressing his happiness with this visit, which is considered a catalyst to move forward ... Read more

Adir Properties and Adar Properties complete readiness to offer the “Upper Makkah” plan to businessmen and investors on March 19

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Buy Land - Aali Makkah Scheme - Commercial Real Estate

Reading time: 3 MinutesAdir Real Estate and Adar Real Estate invited businessmen, investors and those looking for valuable opportunities to attend the public auction on Tuesday, March 19 of this month at Lailati Hall in Jeddah, in which the two companies present the plan of Aali Makkah located in the heart of Makkah, and the plan contains 867 residential and commercial plots with various areas that give investors the flexibility of choice as ... Read more

“Wafex 2019 concludes this evening in Jeddah The UAE's experience in off-plan sales is highly praised

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On the map

Reading time: 3 MinutesWith international and local participants, the Wafix 2019 forum and exhibition for off-plan sales projects in its second edition concludes this evening, which lasted from March 9 to 11 at the Hilton Hotel in Jeddah, under the patronage of Housing Minister Majid Al-Hogail, with the participation of the United Arab Emirates as a guest of honor, and a number of specialists and real estate stakeholders within the Kingdom ... Read more

The General Authority for Competition (GAC) launches the “New Competition Law” and Amlak highlights the general features of the system Flexibility supports the business sector

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Competition system

Reading time: 4 MinutesThe General Authority for Competition (GAC) launched a special introductory campaign for the “New Competition System” under the slogan "Diversity and Innovation", to raise awareness of the business sector about its most important features and applications, clarify the rights and duties of enterprises, and motivate enterprises and entrepreneurs to compete according to the principles of legitimate competition. H.E. Dr. Mohammed bin Sulaiman Al Jasser, Chairman of the Board of Directors of KDIPA, presented the ... Read more

Real Estate Contributions Committee pursues rights worth more than 2.5 billion riyals and 51 new contributions listed by “liquidation”

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Real estate contribution

Reading time: 2 MinutesThe Real Estate Contributions Committee “Tasfeeha” included 51 new troubled real estate contributions to the tasks of the committee, while 14 contributions were excluded after their study, which turned out to be outside the competence of the committee, and “Tasfeeha” explained that during the past year 2018 it completed the study of 165 real estate contributions, and 65 of them were liquidated, according to the legal and financial tasks assigned to the committee. Rights worth more than 2.5 billion As for the legal aspects, ... Read more

Minister of Housing: Saudi Arabia's real estate finance sector needs 80 billion riyals annually and we will extend a helping hand to defaulters

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Real estate finance

Reading time: 2 MinutesDuring his participation in the “Housing Finance in the Kingdom of Saudi Arabia” conference organized by the Real Estate Development Fund last weekend, Housing Minister Majid Abdullah Al-Hogail confirmed that the ministry will extend a helping hand to troubled families according to a study that has been allocated for that, explaining that the ministry has established a program to support defaulters whether preventive or ... Read more

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