Month: March 2019

Riyadh Encounters Forum 2019 kicks off with 22 billion to support and establish 70 thousand small enterprises

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Workshop

Reading time: 2 MinutesWith wide and distinguished participation from the government and public sectors, the Riyadh Encounters Forum 2019, organized by the Human Resources Development Fund (Hadaf), will conclude its dialogue sessions today at the Riyadh International Exhibition and Convention Center, after three days, and the sessions included about 63 specialized workshops for entrepreneurs, job seekers, business owners and employees, in addition to ... Read more

Approved the sale of a number of real estate contributions “Tasfiqa obliges Future Plans partners to pay 54.29 million riyals to shareholders

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Real estate contributions

Reading time: < 1 MinuteThe Real Estate Contributions Committee (Tasfeeha) confirmed the obligation of the partners in the Future Plans contribution to pay the rest of the shareholders“ dues in the contributions of ”Al Arid“ and ”Durrat Al Khaleej” in the amount of 54.29 million riyals. The committee said in a statement that the minutes of the direct sale of five plots of land in the Green Plan in Makkah Al-Mukarramah were approved. The meeting also included the decision to sell the remaining 1.51 acres of the East Khayatiya shareholding... Read more

The event kicks off on March 9 “Wafex 2019 will showcase the most prominent off-plan sales projects in Jeddah ... and the UAE is the guest of honor

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Off-plan sales

Reading time: 2 MinutesUnder the patronage of His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, the second forum and exhibition of off-plan sales projects “Wafix 2019”, organized by the Wafi program, will be held during the period 9-11 March, at the Hilton Hotel in Jeddah, in the presence of a number of their excellencies and those concerned with real estate affairs in the Kingdom and abroad and the presence of the United Arab Emirates as a guest of honor. Attracting international expertise ... Read more

Real Estate Fund reveals it will finance 860,000 citizens in three years

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Mortgage Loans - Mortgage Loan

Reading time: < 1 MinuteThe Real Estate Development Fund revealed that 860,000 citizens will be financed within three years, and the Director of the Beneficiary Service Department at the Real Estate Development Fund, Abdulrahim Al-Omari, confirmed the existence of a plan to end the waiting lists in the next three years, this came at the “Housing System” workshop held in Khobar, and Al-Omari indicated that the percentage of collection of bad debts increased from 6% to 11%... Read more

Itqan Real Estate Company offers properties, commercial complexes, residential and commercial lands in Al Gharabi neighborhood in Al Batha Neighborhood

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Commercial real estate

Reading time: < 1 MinuteItqan Real Estate Company is preparing to offer commercial properties, 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) on Tuesday, March 12, and the offered properties are considered a golden opportunity to own income-generating properties in the commercial heart of Riyadh. ... Read more

CIRC5 real estate conference kicks off on March 6 with discussions on Ministry of Justice reforms, evacuation services, building technology, and highlights the role of the International Real Estate Federation

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Real estate companies

Reading time: 2 MinutesThe National Real Estate Committee at the Council of Saudi Chambers has completed its preparations for the launch of the fifth edition of the Saudi International Real Estate Conference “SIRC 5”, with the participation of the Ministry of Housing, the Ministry of Justice and the International Federation of Arab Real Estate, under the title “The role of the real estate sector in maximizing the GDP” during the period from 6-7 March 2019 at the Intercontinental Hotel in the capital Riyadh. Read more

Minister of Municipal and Rural Affairs approves amendments to the Municipal Licensing Regulations Extending the validity of licenses to 5 years

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Municipal license

Reading time: < 1 MinuteThe Minister of Municipal and Rural Affairs, Dr. Majid bin Abdullah Al Qasabi, issued a decision to extend the validity period of the municipal license to 5 years in order to facilitate the owners of shops, commercial establishments and investors. According to the decision, which was based on the amendment approved by Al-Qasabi to Article 8 of the Executive Regulations of the Municipal Licensing Procedures Law, the duration of the municipal license to practice any ... Read more

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