Month: July 2019

Real Estate Fund announces that early 2020 will see the announcement of the last waiting lists of beneficiaries

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Real Estate Finance - Real Estate Finance

Reading time: 2 MinutesThe General Supervisor of the Real Estate Development Fund, Khaled Al-Amoudi, confirmed that the last beneficiaries of the waiting lists in the fund will be announced in early 2020. During the press conference held by the Ministry of Housing to announce the beneficiaries of the residential program for the month of June, Al-Amoudi said that the fund supports 12 thousand new beneficiaries per month, and will reach 15 thousand before the end of the year ... Read more

The Real Estate Contributions Committee “Tasfeeha” continues to recover the rights of shareholders with more than 170 million riyals

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Real Estate Contributions - Real Estate Contributions - Real Estate

Reading time: 2 MinutesThe Real Estate Contributions Committee (Tasfiqa) revealed that it is closely following up the implementation procedures on the funds and real estate of the owners of the troubled real estate contributions in order to recover more than 170 million riyals representing the rights of a number of shareholders. The committee said that a group of properties registered in the names of a number of troubled shareholders in (Riyadh, Jeddah, Medina, Khamis ... Read more

“Municipal and Rural Affairs, Ministry of Housing and Ministry of Interior sign agreement to accelerate the issuance of building permits for residential projects

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Building permits

Reading time: 2 MinutesThe Ministry of Municipal and Rural Affairs, the Ministry of Housing, and the Ministry of Interior, represented by the General Directorate of Civil Defense, have signed a joint minutes to determine the mechanism to speed up the issuance of building permits for Ministry of Housing projects. The Ministry of Municipal Affairs said in a statement that the minutes will be applied to ... Read more

Why did Suleiman Al-Shadi choose to invest in Bosnia? Bosnia started the renaissance and is now comparable to the Kingdom's boom 40 years ago

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Investment

Reading time: 2 MinutesThe question began to haunt the members of the Success Partners Group, why did Suleiman Al-Shadi choose Bosnia for his investments and not other countries? Investing in the Republic of Bosnia, which emerged from political turmoil and wars, turned into a safe country that combines European modernity and Eastern character, 2006 was the first time Suleiman Al-Shadi visited Bosnia, and he found it a golden opportunity to invest to open horizons ... Read more

Housing Ministry plans to charge VAT to former homeowners

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VAT Payment - Real Estate

Reading time: 2 MinutesThe Ministry of Housing revealed its intention to bear the value-added tax (VAT) for those who do not own any housing during the period of applying for the initiative to benefit from the state's tolerance of VAT, and sources revealed that the state's tolerance will not be limited to citizens wishing to own housing for the first home only, but will include citizens who previously owned homes, then sold them without benefiting from ... Read more

Minister of Municipal and Rural Affairs announces issuance of building permits for housing projects within 10 days

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Building Permits - Real Estate Fairs

Reading time: 2 MinutesActing Minister of Municipal and Rural Affairs Dr. Majid bin Abdullah Al-Qasabi announced on his Twitter account that the issuance of building permits for housing projects will be accelerated to within a period not exceeding 10 days, explaining that this will be done through the integration of the ministry's efforts with the Ministry of Housing and the General Directorate of Civil Defense. For his part, Minister of Housing Majid Al-Hogail explained that this ... Read more

Residential program: Current housing projects are working to provide 100,000 housing units with the private sector

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Real Estate Finance - Residential Unit

Reading time: 2 MinutesThe achievements report issued by the Ministry of Housing's “Sakani” program for June this year revealed the latest developments of implementation and construction work in 53 residential projects built in partnership with the private sector, so that these projects provide about 100,000 housing units distributed in various regions of the Kingdom, and are characterized by being integrated residential complexes with integrated services and facilities, and provide their residents with an environment ... Read more

Custodian of the Two Holy Mosques directs the completion of King Abdullah International Gardens And allocated 1.6 billion riyals to cover the cost

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Project

Reading time: 2 MinutesIn accordance with the directive of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - to complete the King Abdullah International Parks project in Riyadh as a single integrated project without dividing it into stages, based on the proposal of His Royal Highness Crown Prince Mohammed bin Salman to return the project to its natural course, and provide all its requirements to be built according to the studies ... Read more

Joint Saudi-Bosnian Business Council established Saudi Ambassador to Bosnia praises «Partners for Success» visit and emphasizes investment opportunities

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International real estate

Reading time: 2 MinutesH.E. Ambassador Hani bin Abdullah Momena, Ambassador to the UAE, commended the UAE's Ambassador to the United Arab Emirates for the success of the UAE's He emphasized that the Embassy of the Custodian of the Two Holy Mosques in Bosnia is working to serve, assist and advise the citizen. (International Real Estate) Moumena explained that ... Read more

During the Jeddah Chamber meeting: Registration of the commercial contract in the program is still optional

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Apartments for rent - apartment rental platform - residential rental - real estate lease

Reading time: 2 MinutesThe Ministry of Housing's “Ejar” program confirmed that the registration of the commercial contract in the program is still optional, and the strategic performance manager of the “Ejar” program of the Ministry of Housing, Abdul Rahman Al-Samari, revealed during an introductory meeting for the program at the Jeddah Chamber held recently, that the application of the commercial “Ejar” program will not be mandatory until after completing its development and accommodating the requirements of dealers with this type of ... Read more

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