Month: October 2019

All regions of the Kingdom Residential program delivers 17059 free land to beneficiaries during September

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Free land

Reading time: 3 MinutesThe number of free residential lands delivered by the Ministry of Housing's «Sakani» program during the month of September to those who were allocated to them in the past monthly payments reached 17059 free land plots distributed in various regions of the Kingdom, in preparation for the start of their construction, as this number contributed to the ease of procedures through the Sakani portal, where all procedures are carried out ... Read more

Saudi-Russian CEO Forum concludes with 17 MoUs in various economic sectors

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Investment opportunities

Reading time: 4 MinutesThe Saudi-Russian CEO Forum concluded its proceedings yesterday with the signing of 17 memorandums of understanding between a number of Saudi and Russian entities across various sectors, coinciding with Russian President Vladimir Putin’s official visit to the Kingdom. The forum was organized by the Saudi Center for International Strategic Partnerships in cooperation with the General Investment Authority, the Russian Direct Investment Fund, and the Saudi Public Investment Fund, … Read more

They emphasized the role of companies in promoting investment between the two countries HH The Crown Prince and Russian President chair the first meeting of the Saudi-Russian Economic Committee

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Investment opportunities

Reading time: 2 MinutesHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense, and His Excellency President Vladimir Putin, President of the Russian Federation, co-chaired the first meeting of the Saudi-Russian Economic Committee in Riyadh today, in the presence of delegations from both countries. (Investment Opportunities) His Royal Highness the Crown Prince delivered a speech at the beginning of the meeting, in which he emphasized the importance of continuing cooperation and building … Read more

Eastern Province Municipality Secretary receives Amlak Editor-in-Chief and emphasizes the Municipality's support and incentives for investors

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Investment

Reading time: 2 MinutesThe Secretary-General of the Eastern Province Secretariat, Engineer Fahad Al-Jubeir, received Mr. Abdulaziz Al-Issa, Editor-in-Chief of the real estate newspaper Amlak, and they discussed the importance of specialized media in reflecting the activities carried out by the secretariats and in conveying awareness and educational messages issued by government agencies to citizens and investors. The meeting also addressed the need for the secretariats to communicate with media outlets on a regular basis so that they can fulfill their assigned role … Read more

Editor-in-Chief Abdulaziz Al-Issa writes ... Stopping the schemes... The beginning of the correction

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Reading time: 2 MinutesMany real estate experts and specialists are still searching for the real reasons behind the continued, staggering rise in land and housing prices—a rise that lacks any logical justification or basis—especially in neighborhoods that are attractive to residents, which are the destination of choice for the upper classes and the affluent, such as northern Riyadh; it is inconceivable that the prices of some residential villas in the northeast of the road… Read more

“Tamamam and Riyadh Municipality launch the first instant electronic building license for real estate development projects for the Mersiya project

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Real estate development

Reading time: 2 MinutesToday, the Ministry of Housing, represented by the Developer Services Center “Etmam,” and the Riyadh Municipality launched the first instant electronic building permit for real estate development projects for the Marasia project in Riyadh, following the completion of the electronic integration between “Etmam” and the ”Secretariat,” in the presence of His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, and His Excellency the Secretary of the Riyadh Region, Engineer Tariq bin Abdulaziz … Read more

Saudi Construction Exhibition concludes this evening, Amlak takes center stage, 534 companies in the showroom

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Building Materials Prices

Reading time: 4 MinutesWith the participation of more than 530 specialized companies, the 31st edition of the Saudi Construction Exhibition 2019 will conclude this Thursday evening with great success. The event kicked off yesterday evening, Monday, October 7, at the Riyadh International Convention and Exhibition Center, under the patronage of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz Al Saud—may God protect him—Governor of the Riyadh Region, and organized by … Read more

Citizenship and Residency through Real Estate Investment Expo kicks off October 30 in Abu Dhabi

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Abu Dhabi real estate

Reading time: 2 MinutesThe 11th edition of the “International Real Estate and Investment Exhibition” (IRIS), the investment platform targeting investors and consumers rather than trade visitors, at the Abu Dhabi National Exhibition Center from October 30 to November 1, 2019.   (Abu Dhabi Real Estate) The three-day event, organized by … Read more

Saudi British Bank provides additional credit facilities to Zahra Al Waha

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Financial loans

Reading time: 2 MinutesThe Saudi British Bank (Al-Awal – SABB) has renewed its credit facility agreement with Zahrat Al-Waha Trading Company, The company stated in a Tadawul announcement that the financing agreement has been renewed and the credit facility limit raised from 25 million riyals to 50 million riyals, in accordance with Sharia regulations. (Financial Loans) The company noted that the financing consists of facilities to finance working capital… Read more

Al Jazeera Capital wins Refinitiv's 2019 Top Performing Funds Awards

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Mortgage loan

Reading time: 2 MinutesAl Jazeera Capital, the investment arm of Al Jazeera Bank Group, has won four global awards in the “Best Performing Funds“ category from ”REFINITIV” for 2019, which are considered among the leading and most specialized awards in the field of Islamic asset management and investment fund performance evaluation. Al Jazeera Japanese Equity Fund won the award for Best Performing Fund in the 5-year category and in the … Read more

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