Month: June 2019

Ministry of Finance launches 4 e-services through Etimad digital platform to facilitate financial procedures and transactions

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Government Procurement - Ministry of Finance - Real Estate Investment

Reading time: 2 MinutesThe Ministry of Finance has launched four new e-services via the “Etimad” digital platform with the aim of streamlining financial procedures and transactions for government agencies. This initiative is part of the drive toward digital transformation and the automation of government transactions to achieve the goals of “Vision 2030.” (Real Estate Investment) This was announced by Ahmed Al-Suwaiyan, Undersecretary of the Ministry of Finance for Technology and Development, who noted that the services include “the service for contracts, advances, and settlements, … Read more

White Land Program receives more than 1,200 payment orders for a total area of more than 411 million square meters

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Residential plot

Reading time: 2 MinutesThe Ministry of Housing’s White Land Fees Program has confirmed the completion of development on two plots of land, totaling 70,000 square meters in Dammam, which were previously subject to fees by their owners. which is expected to provide more than 140 residential plots, confirming that the master plans for these two plots have been fully approved by the Ministry of Municipal and Rural Affairs. The targeted plots and the program… Read more

Identifies 4 steps to identify and publicize services. The Government Services Observatory develops a roadmap for e-transactions

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Government Services

Reading time: 2 MinutesThe e-Government Program (Yesser) has launched the “Government Services Observatory“ system, which enables government agencies to identify and catalog their services and develop a roadmap to transition them from traditional to electronic services while raising their level of digital maturity, and then publish real-time information on government services on the National Portal for Electronic Government Transactions “Saudi,” and each government agency is fully responsible for … Read more

For the fourth consecutive month ITC tops the speed index for May 2019

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Investment opportunities

Reading time: < 1 MinuteFor the fourth consecutive month in 2019, Integrated Telecommunications Company (ITC) topped the May 2019 Speed Index, which is provided by Netflix to measure streaming speeds for content delivered via internet service providers in the Kingdom of Saudi Arabia. (Investment Opportunities) These results achieved by Integrated Telecommunications Company (ITC), and validated by the global Netflix platform, are… Read more

Saudi Arabian Monetary Authority (SAMA) launches the national electronic platform for business invoices “Receipt Platform”

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Real estate loans

Reading time: 2 MinutesAhmed bin Abdulkarim Al-Khalifi, Governor of the Saudi Arabian Monetary Authority (SAMA), today launched “Esal,” the national electronic platform for business invoicing developed by Saudi Payments, This platform is considered a major national initiative in the digitization of business sector payments, in the presence of the Governor of the General Authority for Zakat and Income, Engineer Suhail bin Mohammed Aba Nami (Mortgage Loans). In his speech, Al-Khalifi emphasized that … Read more

Developer Services Center intensifies its preparations to implement the electronic link for issuing building permits, meets with a number of municipality secretariats

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real estate - building permits - projects - residential real estate development - projects - schemes - residential projects

Reading time: 2 MinutesThe “Etmam” Developer Services Center, one of the Ministry of Housing’s initiatives, has intensified its preparations to link the issuance of building permits electronically. To this end, it has held meetings with a number of municipal secretariats to expedite and finalize the administrative and technical procedures for the electronic link, It held a meeting with representatives from the Information Technology Department of the Asir Region Municipality to discuss the mechanisms for electronic integration (building permits). The meeting, attended by the director… Read more

“Residential” program invites beneficiaries whose income exceeds 14 thousand riyals to visit the “Subsidy Calculator” online

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Residential Program - Residential Properties - Land - Real Estate Finance

Reading time: 2 MinutesThe “Sakani” program has urged beneficiaries whose income exceeds 14,000 riyals to visit the “Subsidy Calculator” on the program’s website to review the new update, following the program’s amendment regarding real estate financing on the calculator for beneficiaries of the Ministry and the Real Estate Development Fund. The program confirmed in a statement today that it has begun implementing the new housing subsidy mechanism following its approval to expand the scope of support … Read more

Emphasized the strength of the Saudi financial system The Kingdom reserves its permanent seat on the Financial Action Task Force (FATF)“

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Investment

Reading time: 3 MinutesThe Kingdom of Saudi Arabia has secured a permanent seat on the Financial Action Task Force (FATF),FATF), becoming the first Arab country to achieve this status. This occurred at the group’s general meeting held in Orlando, Florida, from June 19–21, marking global recognition of the strength of the Saudi financial system and its role in national economic growth and the fight against money laundering. This comes one year after … Read more

amounting to 230.786 billion dollars. Foreign direct investment growth thanks to Saudi Arabia's economic diversification

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Foreign Investment

Reading time: 3 MinutesAccording to the latest reports, the total stock of foreign direct investment inflows into Saudi Arabia reached approximately $230.786 billion (865.45 billion riyals) by the end of last year, Statistics released by the United Nations Conference on Trade and Development (UNCTAD) indicated that foreign direct investment flows to Saudi Arabia rose by $1.79 billion between 2017 and 2018. Foreign investment in the Kingdom rose, and investment increased … Read more

Abdul Latif Jameel Land Company begins construction of 158 apartments in Dari-Q

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apartment

Reading time: 2 MinutesAbdul Latif Jameel Land has announced the start of construction on the “Dary Q,” which will feature 158 luxury residential apartments along with numerous shared and integrated amenities designed to provide the highest levels of comfort and luxury for the community. The complex, which is the company’s third project, offers a vibrant residential environment focused on a contemporary and comfortable lifestyle for the community, as two key principles in … Read more

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