Month: July 2019

“Wafi removes marginalization from the deeds of the Meem Tower commercial and residential projects in Riyadh and Golden Tower in Jeddah

by

Reading time: 3 MinutesThe “Wafi” Off-Plan Sales and Leasing Committee has lifted the suspension on the sales contracts for the “Mim Commercial and Residential Tower” project in Riyadh and the ”Golden Tower” in Jeddah, after approving the completion reports and confirming that all phases of construction had been completed. The projects will now proceed under the off-plan sales system to begin the process of handing over the real estate units to buyers and vacating each unit for its owner. The committee instructed its secretariat to disburse the funds from … Read more

Dr.. Mons Shujaa writes: When is the right time to buy your dream home... When do I buy my family's home....?

by
Buying a house

Reading time: 3 MinutesThis question always comes up in our daily work, whether from colleagues or clients; in fact, there is hardly a single daily meeting where this age-old and ever-relevant question isn’t raised: The dream of owning a home for one’s family is a goal for everyone who seeks to provide stability for their loved ones by securing decent housing that shelters them and, at the same time, serves as their future refuge—God willing… Read more

Recent report: 37% entrepreneurs in Saudi Arabia are innovators, Jeddah is the most attractive, and Riyadh is a well-established business city

by
Entrepreneurship

Reading time: 3 MinutesA special forum held last Saturday at the Prince Mohammed bin Salman College of Management and Entrepreneurship in King Abdullah Economic City, in collaboration with the Babson Global Center for Entrepreneurship, the growing culture of entrepreneurship in the Kingdom and the significant support available to citizens, which enables them to achieve success through their own efforts, self-reliance, independence, and a sense of initiative. The Kingdom ranks highest … Read more

The Kingdom Issues Euro-Denominated Bonds for the First Time to Boost Foreign Investment Incentives

by
Government Procurement - Ministry of Finance - Real Estate Investment

Reading time: 2 MinutesYesterday, for the first time in its history, the Kingdom announced the issuance of euro-denominated bonds, and the Kingdom received an “A+ (Stable)” rating from Moody’s and an “A1 (Stable)” rating from Fitch. The Kingdom’s issuance of euro-denominated bonds consists of two tranches—8-year and 20-year—subject to market conditions. (Ministry of Finance) Previous reports indicated the appointment of Bank … Read more

Awqaf Investment Company to auction real estate and investment sites on July 24-28

by
Real estate auction

Reading time: 2 MinutesAwaqaf Investment Company, the investment arm of the General Authority for Endowments, announced that it is offering a range of distinctive real estate investment opportunities in which the Authority has announced it will invest, The company explained that the current offering is part of a pilot program to offer real estate investment opportunities in which the Authority wishes to invest (real estate auction). The Authority stated on its website that there are 14 opportunities … Read more

Stephen Grove appointed as Governor of the National Development Fund based on his specialized experience

by
real estate

Reading time: 2 MinutesThe Board of Directors of the National Development Fund, chaired by Prince Mohammed bin Salman bin Abdulaziz, issued a resolution appointing “Stephen Groff” as Governor of the National Development Fund (Real Estate). Mohammed Al-Tuwaijri, Minister of Economy and Planning and Vice Chairman of the Board of Directors of the National Development Fund, explained that Groff’s appointment was based on his specialized expertise and deep understanding of the work and mandates of development funds, as he is considered one of the most prominent … Read more

Electricity Regulatory Authority makes amendments to allow retroactive bill corrections, repairs and meter changes

by
Electricity bills

Reading time: 4 MinutesThe Electricity Regulatory Authority has made several amendments to the Electricity Service Provision Manual through seven approved mechanisms, with the aim of improving services, handling complaints regarding retroactive electricity bill corrections professionally, increasing consumer satisfaction, and ensuring fairness in various grievance cases. Bill Review and Meter Replacement: The amendments require the service provider to review the bill after verifying its accuracy and comparing it with previous bills … Read more

«Comprehensive Building Inspection» offers integrated quality solutions... Inspecting buildings and ensuring they meet specifications reduces waste and extends the life of properties

by
Property Inspection

Reading time: 2 MinutesAl-Shamel Building Inspection Company revealed an increase in demand for inspections of completed properties and buildings under construction during the previous period, as a result of the rise in the number of real estate transactions throughout the Kingdom. Mr. Badr Al-Maqil, the company’s chairman, described in an exclusive statement to «Amlak Newspaper»  "The demand for building inspections and verification of compliance with specifications—to ensure the safety of the buildings and their occupants—is trending positively." … Read more

68,195 families announced as beneficiaries In May's report, the Residential Program reveals 40 ready-made housing projects

by
Real estate finance

Reading time: 4 MinutesAs of last May, the number of beneficiaries of the housing solutions provided by the Ministry of Housing’s «Sakani» program reached 68,195 families, of which 33,718 families were able to obtain homes, In May, 13,230 families benefited from mortgage and housing financing options, and approximately 5,835 families were able to obtain homes, according to the program’s report for last May. … Read more

«Saudi Exports Authority launches an ambitious program to stimulate the export sector

by
real estate

Reading time: 3 MinutesTo stimulate the export sector, the Saudi Export Development Authority («Saudi Exports») has partnered with the Private Sector Stimulation Office as part of the Private Sector Stimulation Plan, to launch the pilot phase of the Saudi Export Stimulus Program, which is one of the initiatives of the National Industry and Logistics Services Development Program. The budget allocated for the program is 120 million Saudi riyals (real estate). Support for businesses and exports … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.