Month: November 2019

Itqan Real Estate and the Endowments Authority organize the first rental auction in the Western Region

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Real estate auction

Reading time: 2 MinutesItqan Real Estate has completed its preparations to offer new real estate investment opportunities affiliated with the General Authority for Endowments, through a public auction for the lease of a number of the Authority’s properties on Sunday, 11/ 04/1441 AH, corresponding to December 8, 2019, at the Laylati Hall in Jeddah and the Khudari Hall at the Burj Rafal Hotel in Riyadh simultaneously. (Real Estate Auction) The aim is to generate the best returns for the endowments, … Read more

Government agencies are instructed not to accept requests for proof of land ownership based on hand status or ordinary documents Reviewing the draft Real Estate Ownership Law

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real estate

Reading time: 3 MinutesThe competent authorities have issued an order suspending the acceptance of any applications to establish land ownership based on revival of title, adverse possession, or ordinary documents, and have established regulations for the preservation of government lands and the prevention of encroachment upon them. The following is the text of the directives issued to government agencies (Real Estate): First: All land separated from private ownership by a deed shall be considered state property… Read more

Makkah Treasures Auctions offers three investment opportunities in Madinah

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Real estate auction

Reading time: 2 MinutesKunooz Makkah Auctions has completed its preparations to offer a number of diverse investment opportunities in Madinah through three public auctions, pursuant to an order from the Madinah Enforcement Court. (Real Estate Auction). The first auction features a fuel station and industrial complex located 7 kilometers from the Haram, comprising 6 fuel pumps, a bank teller window, and car washes… Read more

Real estate investment opportunities on Monday afternoon ... «Makkah Treasures Auctions» offers 59 plots of land in Dammam in a public auction

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Real estate auction

Reading time: 2 MinutesKanooz Makkah Auctions has invited businesspeople and real estate investors to attend the major public auction it is organizing after Asr prayer today, Monday, November 25, 2019, at the Al-Maha Ballroom at the Kempinski Al-Othman Hotel in Dhahran. The auction is being held pursuant to an order from the Enforcement Court in Dammam. It is intended to sell 59 investment plots in a development in the Al-Firdous neighborhood of Dammam, located … Read more

Saudi Engineers Organization completes automation of temporary contract companies The Saudi Engineers Authority completes the automation of temporary contract companies

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Contracting

Reading time: 2 MinutesThe Saudi Council of Engineers announced the automation of temporary contract companies, the launch of the second and third phases of the technical professions integration initiative, and the launch of an automated accreditation service for technicians, as well as the launch of the trainer accreditation service, the launch of the Authority’s new website, and the Muwaqel platform. This announcement was made during the sixth extraordinary general assembly of the Saudi Council of Engineers, held in Al-Khobar, in the presence of the Authority’s Chairman, Engineer Saad … Read more

Government Tenders and Procurement Law Regulations take effect on December 1st

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Competition system

Reading time: 3 MinutesStarting in December, the implementing regulations for the new government procurement and competitive bidding system will take effect for all government agencies, as well as for companies acting on behalf of government agencies, following their approval by Minister of Finance Mohammed bin Abdullah Al-Jadaan. The system aims to promote the values of integrity and transparency, develop local content, and support local small and medium-sized enterprises in a manner … Read more

The Gulf Economic Association visits Bahrain and congratulates the Speaker of the House of Representatives Bahrain Chamber President celebrates businessmen and calls for the opening of economic borders between countries

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Gulf real estate

Reading time: 3 MinutesAmlak - Exclusive: A number of businessmen and women from the Gulf Economic Association paid an official visit to the Kingdom of Bahrain last Wednesday, November 20, during which they reviewed a number of development and economic projects that the Kingdom of Bahrain has undertaken in recent months. The visit was intended to support the Bahrain Vision 2030 economic initiative and to discuss with officials the importance of strengthening economic cooperation … Read more

Minister of Housing praises Custodian of the Two Holy Mosques' speech Al-Haqeel: The leadership has supported housing by launching initiatives and providing financing solutions

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Al Haqeel - Real Estate - Housing

Reading time: 2 MinutesMinister of Housing Majid bin Abdullah Al-Hogail affirmed that the annual royal address delivered by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud —may God preserve him—at the opening of the fourth year of the seventh session of the Shura Council serves as a plan and framework for the Kingdom’s domestic and foreign policies, as it includes several key areas, including housing, which enjoys the support and attention of the leadership… Read more

Approval of 38 private housing schemes in Madinah, including 6000 residential plots

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Residential scheme

Reading time: 2 MinutesLast month, the Madinah Region Secretariat approved 38 private residential plans within Madinah, covering a total area of over 6 million square meters, including more than 6,000 residential lots as well as 31 lots designated for public service facilities, in accordance with the mechanism for the approval and development of residential plans established by the Ministry of Municipal and Rural Affairs for the approval of private plans within the urban boundaries of cities … Read more

The Big5 International Building and Construction Exhibition kicks off tomorrow, Monday, November 25 in Dubai

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Building and construction

Reading time: 2 MinutesThe International Building and Construction Exhibition (The Big 5), the largest specialized exhibition in the construction sector in the Middle East, kicks off tomorrow, Monday, November 25, and runs through November 28 in Dubai. On this occasion, Josine Heegmans, Exhibition Portfolio Manager at DMG Events, said the exhibition will witness the launch of the first comprehensive report titled “Reality and Reactions … Read more

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