Month: September 2019

«SAMA»: Economic activity and the private sector grow by 2.31%  

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Reading time: 4 MinutesDr. Ahmed bin Abdulkarim Al-Khulaifi, Governor of the Saudi Arabian Monetary Authority, outlined the most significant developments in the Saudi economy for the current year, 2019, noting that, according to data from the General Authority for Statistics for the first quarter of 2019, the private sector achieved a growth rate of 2.3%, attributable to growth across all economic activities except for the manufacturing sector, which declined slightly. Developments … Read more

 Sponsored by Amlak and attended by a group of businessmen and real estate professionals, Success Partners Group organizes a special celebration in Diriyah

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Reading time: 2 MinutesThe Partners for Success Group hosted an elegant and distinguished gala at the Al-Mustazala Resort in Dir’iya, hosted by Engineer Abdulrahman Al-Abdulwahid, a member of the group, The event was attended by a distinguished group of business leaders and real estate professionals, and the event was sponsored and covered by Amlak newspaper. The event featured a variety of engaging segments, including welcome remarks and poetry recitations, and a number of participants presented a package… Read more

Minister of Industry: Investments in the industrial sector exceeded one trillion riyals. And accelerated market growth  

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Establishment of the Industrial Investment Fund Company

Reading time: 2 MinutesMinister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khuraif revealed that the volume of investments in the Saudi industrial sector exceeds one trillion riyals and that Saudi Arabia is home to 7,551 licensed factories with a total workforce of more than 800,000 male and female workers. He made these remarks during his speech at the First Saudi International Iron and Steel Conference, organized by the National Iron Industry Committee, which is affiliated with the Council … Read more

With active participation from «Taqeem» and «Amlak» newspaper... The 11th International Conference on Machinery and Equipment Appraisal Concludes in New Zealand«

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Reading time: 2 Minutes  The 11th International Conference on the Valuation of Machinery and Equipment 2019, held in Auckland, New Zealand, concluded after a three-day event from September 9 to 11. The conference was attended by the Saudi Authority for Accredited Valuers and sponsored by Amlak Real Estate Newspaper, along with leading global valuation experts and specialists from around the world, who enriched the conference with their insights and insightful discussions. … Read more

More than 80,000 VAT exemption certificates issued for first home 

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Reading time: 2 MinutesThe Ministry of Housing’s «Sakani Program» announced that approximately 81,364 value-added tax (VAT) exemption certificates for first homes have been issued since the launch of the VAT exemption initiative through the end of August 2019. This included approximately 53,228 households among the Ministry of Housing’s beneficiaries, 16,738 certificates for beneficiaries not on the Ministry’s lists or those of the Real Estate Development Fund, and approximately 11,398 … Read more

 «Aramco: $40 billion in investment opportunities available to small and medium-sized enterprises

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Reading time: 3 MinutesSaudi Aramco announced that it has made $40 billion in investment opportunities available to small and medium-sized enterprises. Mohammed Al-Shammari, Vice President of Procurement at Saudi Aramco, said «Since its launch in 2015, the »Iktafa« program has provided more than 140 investment opportunities worth $16 billion in several sectors, including petroleum fuels, industrial resources, and chemicals.» He emphasized … Read more

«Housing»: More than 130 thousand families have benefited from «Residential» options in 8 months

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Reading time: 2 MinutesMore than 130,000 Saudi families benefited from the «Sakani» program’s options during the first eight months of 2019, as the program continues to offer more options to meet the needs of families registered on the Ministry of Housing’s waiting lists. His Excellency Minister of Housing Majid bin Abdullah Al-Hogail revealed this and congratulated the families who benefited from “Sakani” via his official Twitter account, attaching … Read more

Net purchases of Saudi stocks by qualified foreign investors totaled 744 million riyals

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Reading time: 2 MinutesNet purchases by qualified foreign investors in the Saudi stock market rose at the end of last week to approximately 744.3 million riyals, with total purchases amounting to 2.33 billion riyals and sales totaling 1.58 billion riyals. According to data from “Tadawul,” the ownership share of qualified foreign investors in the stock market rose to about 5.32 percent by the end of last week, compared to about 5.26 percent … Read more

 More than 470,000 cases against bond defaulters, with Riyadh leading the way

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Reading time: 2 MinutesThe number of cases received by enforcement courts in Saudi Arabia regarding ”Sanad al-Amr” commercial papers rose to approximately 478,000 enforcement requests by the end of the last Hijri year, an increase of 12.3 percent over the year 1439… «Sanad al-Amr»... According to data released by the Ministry of Justice, “sund al-amr” accounted for approximately 62 percent of the total enforcement requests received by the courts… Read more

National Day. And the renaissance of a nation

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Reading time: 2 MinutesOver the next few days, specifically on September 23, our beloved Kingdom will mark the 89th anniversary of the founding of this magnificent nation by King Abdulaziz—may God have mercy on him. On this 89th National Day, we recall the glory and sacrifices of the Founder and his companions, and take pride in our noble values and principles, which form the building blocks of this solid edifice. Therefore… Read more

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