Month: October 2019

New investment horizons between Awqaf Investment and Itqan Real Estate«

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Real estate development

Reading time: 2 MinutesAwqaf Company, the investment arm of the General Authority for Endowments, signed last Tuesday at the headquarters of the Authority in Riyadh, represented by the CEO of Awqaf Investment Company, Mr. Haitham bin Mohammed Al-Fayez, a partnership agreement with Itqan Real Estate Company, represented by the General Manager of the company, Mr. Abdulaziz bin Fahd Al-Rasheed, to hold public auctions in the Makkah region in the coming days. ( ... Read more

Editor-in-Chief Abdulaziz Alissa writes: Will the Investment Fund curb prices?

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Reading time: 2 MinutesWhat was recently raised in the social media about finding technical solutions to build villas within ten days at a value of 500 thousand riyals for a 300 m2 villa, a model of which was built in northern Riyadh, this information is incomplete, only hope prompted activists to circulate it, as it includes neither the value of the land that exceeds the cost of construction, as the construction did not cause a housing crisis ... Read more

500 million dollars in VC investments in Saudi Arabia by 2025

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Investment

Reading time: 2 MinutesA study by STV Fund revealed that venture capital investments in Saudi Arabia are growing, and that the Saudi market has the potential to absorb 10 times the current amount of investment to reach $500 million by 2025. According to the study, 85 percent of these investments will be to fund companies at an advanced stage of production. (Investment) The study noted that the challenge ... Read more

Establishing the Housing Development Endowment Fund in cooperation between the Ministries of Housing and Labor«

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Real Estate - Residential Projects - Residential Scheme - Real Estate Finance - Residential Schemes

Reading time: 2 MinutesMinister of Housing Majid Al-Hogail and Minister of Labor and Social Development Ahmed Al-Rajhi signed an agreement to establish the Housing Development Endowment Fund. The agreement included the establishment of the fund in partnership between the two parties, and the formation of a joint working team to complete the study of the draft system of the fund, legal, organizational, operational and financial frameworks, provided that a detailed report on the fund is submitted within ninety days from the date ... Read more

Ministry of Housing allocates SAR 237 million for the implementation of infrastructure in the “Al Shorouk” plan in Medina

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real estate

Reading time: 2 MinutesThe Ministry of Housing, represented by the Land and Technical Affairs Agency, signed a contract with Al Rawaf Trading and Contracting Company, specialized in infrastructure works, to implement infrastructure works in the “Al Shorouk” plan located on King Abdulaziz Road in Medina with a total value of more than 237 million riyals to provide 3404 residential plots with an average of 400 square meters per land, in the presence of Majid Al Haqeel, Minister of ... Read more

Minister of Agriculture inaugurates Saudi Agricultural Exhibition 2019 with more than 380 companies in the exhibition halls

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real estate

Reading time: 3 MinutesWith the participation of more than 380 companies from 34 countries, Saudi Arabia's Minister of Environment, Water and Agriculture, Engineer Abdulrahman Al-Fadhli, opened yesterday, Monday, the Saudi Agricultural Exhibition 2019 under the slogan “With agricultural innovation, we achieve a better life”, in the Saudi capital Riyadh and will last for four days during the period from 22 to 25 Safar 1441 AH, corresponding to 12 to 24 October 2019, at the Riyadh International Convention Center ... Read more

Launching the electronic link for building licenses between «Tamamam» and the Municipality of Madinah

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Reading time: 2 MinutesThe Ministry of Housing continued the electronic linkage of building permits between the Developer Services Center “Ijamal” and the secretariats, where Housing Minister Majid bin Abdullah Al-Haqeel and the acting governor of Madinah region inaugurated M. Fahd bin Muhammad Al-Balishi launched the electronic link between the Developer Services Center “Ekmam” and the “Municipality” after completing the link between the two entities. (Real estate development). Al-Balishi stated that the linkage ... Read more

Ministry of Transportation launches Khumra logistics zone for investment in Jeddah at 3rd Saudi Logistics Conference

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Investment

Reading time: 3 Minutes  2 million square meters in the Khumra area linking trade exchange between the three continents The Ministry of Transport has offered the Khumra logistics area for investment in Jeddah Governorate to the private sector, and the Ministry indicated that “Khumra” is an umbrella for a group of logistics areas and platforms that will be launched during the coming period through a comprehensive strategy and plan prepared for it in advance. This will have an impact ... Read more

Laden Investment customers sign financing contracts to purchase from Finan Residences

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real estate

Reading time: 2 MinutesWith great success, Laden Investment Company completed its participation in the National Commercial Bank Real Estate Finance Exhibition organized by the bank at the Red Sea Mall in Jeddah from October 17 to 19, where the company received its valued customers and reviewed with them the latest stages reached by its residential projects. (During the three days of the exhibition, a large number of ... Read more

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