Month: May 2019

The number of its branches in the Kingdom is 14 Atlas Elevators opens its first branch in the Western Region

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Elevator company

Reading time: 2 MinutesIn the presence of a distinguished audience of businessmen, investors and customers, Atlas Elevators Company inaugurated last Thursday evening its first branch in Jeddah, as part of its expansion plan in the western region, under the patronage of Sheikh Abdul Rahman Al-Sheikh, and the new store is located in the Nahda neighborhood, Prince Sultan Road intersection with Al-Amal Street in Al-Suhaili Complex. On this occasion, Mohsen Al-Zayadi, CEO of ... Read more

Minister of Housing hands over free land to a number of citizens benefiting from housing subsidies in Tabuk

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Residential land

Reading time: 2 MinutesMinister of Housing Majid bin Abdullah Al-Hogail handed over free residential lands to a number of citizens benefiting from housing support in one of the Ministry of Housing's schemes in the Tabuk region, during his inspection tour of the Ministry's projects in the region, and met a number of citizens registered on the “housing” lists and listened to their comments and opinions about the housing projects and the ministry's services provided to beneficiaries in ... Read more

Ministry of Housing signs agreement to build 1289 housing units in Asir in partnership with the private sector

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Housing units

Reading time: 2 MinutesThe Ministry of Housing, represented by the Development Housing Program, signed a construction agreement with Astra and EITCGG to build a number of housing units in the Asir region, with the aim of providing additional housing units for development housing beneficiaries according to the needs of the Kingdom's regions, in the presence of Minister of Housing Majid bin Abdullah Al-Haqeel. The program explained in a press release yesterday, that as a continuation of the series of agreements to build housing units ... Read more

Innovative Methods launches «Places» as the latest and most unique real estate application and search engine in the Kingdom of Saudi Arabia

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Real estate application

Reading time: 2 MinutesInnovative Methods for e-Marketing has announced the launch of «Makan» website and applications, a real estate application that provides distinguished and professional services to the real estate sector and helps facilitate searches and communication between those wishing to buy and rent and real estate exhibitors. On this occasion, the company's CEO, Mr. Nawaf Mohammed bin Adwan, confirmed that «Innovative Methods» has been working for several years to design and implement a website ... Read more

At the Saudi Fintech Diwaniyah at the Riyadh Chamber: 60% of financial payments in Saudi Arabia are made electronically every month

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Loans-real estate

Reading time: 3 MinutesSpeakers at an event organized by the Riyadh Chamber - represented by the Business Youth Committee - entitled “What will the features of financial technology look like 2030 and the role of business youth in shaping Saudi Fintech” confirmed that approximately 50 to 60% of payments in the Kingdom are made electronically on a monthly basis, according to Vice President of the Chamber Hamad Al-Shuwaier, Board Member and Chairman of the Business Youth Committee Ali ... Read more

Al Ahli Bank is awarded as the best «Retail Mortgage Finance in Saudi Arabia 2018» and the best «Real Estate Financier in Saudi Arabia»

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Real Estate Financing

Reading time: 3 MinutesThe National Bank was crowned with two awards during the last period, as it was awarded as the best «Retail Real Estate Finance in the Kingdom for the year 2018» during «Restatex 2019» and the best «Real Estate Financier in the Kingdom» during «Residential Expo 2019», and on this occasion, His Excellency the Minister of Housing Mr. Majid Al-Hogail honored the National Bank for obtaining these prestigious awards in recognition of the bank's leading role within the real estate finance sector ... Read more

A global award for a company that uses plants, shrubs, modern technology and solar panels to power its buildings

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apartment

Reading time: 2 MinutesIn line with the future of green and eco-friendly cities, Vincent Callebaut recently won an architectural design competition for the homes and buildings of the future, and its design is based on the presence of plants and shrubs planted throughout the building, as well as modern technology, energy saving with solar panels, rainwater collection and more, and Vincent Callebaut named the project Sky Villas, which will include 185 apartments ... Read more

To incentivize real estate developers and city development Adoption of licensing rules for SMEs in off-plan sales

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Off-plan sales

Reading time: 3 MinutesAs an incentive for real estate development companies, the Wafi Committee has adopted the rules of work for licensing the sale and rental of real estate units on the map in small and medium-sized projects, with this decision starting from last March, as part of the efforts of the Ministry of Housing to develop and open wide areas and horizons for real estate and urban development. The license requirements ... Read more

The Real Estate Fund deposits 877.7 million riyals in the accounts of the beneficiaries of the “Residential” program”

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Real Estate Fund - Real Estate Finance

Reading time: 3 MinutesThe Real Estate Development Fund deposited 877.7 million riyals in the accounts of the beneficiaries of the “Residential” program from the Ministry of Housing and the Real Estate Development Fund in April 2019, including 143.5 million riyals in support of the profits of subsidized mortgage contracts, and 734.2 million riyals for the beneficiaries of the military support initiative. The Fund indicated in a press release today that the total amounts that were deposited in the accounts of the beneficiaries of the ... Read more

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