Month: January 2020

The Real Estate Contributions Committee “Tasfiya” Sets Mid-February as the Deadline for “Garden City” Contributors to Review the Arab Bank Website

by

Reading time: < 1 MinuteThe Real Estate Contributions Committee has issued a “final notice” a final notice to all shareholders in the Garden City project, managed by Al-Nimr Real Estate Services owned by Abdul Latif Al-Nimr, to visit the Arab Bank website, fill out the contribution form, and go to the nearest Arab Bank branch. The committee noted that the required documents are proof of identity, the contribution certificate, and the bank account number, and that this must be done within 60 days … Read more

Tripartite agreement to recycle 81% of municipal waste in the Eastern Province

by

Reading time: 2 MinutesThe National Center for Waste Management, the Eastern Province Secretariat, and the Saudi Investment Recycling Company, a subsidiary of the Public Investment Fund, signed a tripartite memorandum of understanding today to manage integrated waste management and recycling activities in the Eastern Province. The MoU was signed by the Chairman of the Board of Directors of the National Waste Management Center, Engineer Abdulrahman bin Abdulmohsen Al-Fadli, and His Excellency the Secretary of the Eastern Province, Engineer Fahd bin Mohammed Al-Jubeir, while … Read more

National Observatory report confirms 98% of private sector companies are small businesses

by

Reading time: 2 MinutesA recent report issued by the National Observatory revealed that small businesses account for 97.61% of all private-sector businesses, and that 76.5% of them fall within the green zone; According to data from the Ministry of Labor and Social Development for the first half of 2019, the report confirmed that the number of small enterprises in the private sector stands at 1,496,178, while the number of medium-sized enterprises is 31,328, constituting … Read more

Riyadh Economic Forum calls for stimulating the private sector and rationalizing government spending

by

Reading time: 3 MinutesThe Riyadh Economic Forum concludes its sessions today and issues the recommendations developed by specialists, participants, and experts across five key themes, including: the human resources theme, which examines future jobs in the Kingdom; fiscal reforms and their impact on economic development; an examination of environmental issues and their impact on economic and social development in the Kingdom; and an analysis of the role of balanced development in encouraging reverse migration and achieving development … Read more

Saudi Financial Lease Registration Company (Sajeel) launches its services and completes 140,000 financing contracts

by
Saudi Finance Company Report 2

Reading time: < 1 MinuteThe Saudi Lease Registration Company “Sajil” launched its services and official brand in Riyadh yesterday. The company is based in Riyadh and was co-founded by 43 banks and finance companies. It has registered more than 140,000 finance contracts in recent months. The company aims to complete the finance lease ecosystem in the Kingdom’s finance sector and address challenges in the finance lease market by enhancing … Read more

Prince Faisal bin Bandar inaugurates the Riyadh Economic Forum and emphasizes the role of businessmen in driving the economy

by
Riyadh Economic Forum

Reading time: < 1 MinuteOn behalf of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, opened the ninth session of the Riyadh Economic Forum yesterday (Tuesday). During the opening ceremony, the Governor of Riyadh delivered a speech in which he conveyed the greetings of the Custodian of the Two Holy Mosques and the Crown Prince to the business leaders and organizers of the forum. Addressing the business leaders, he said: «The Crown Prince … Read more

The value of real estate transactions in 2019 rose to 180.2 billion riyals

by
Saudi Real Estate - Real Estate Funds

Reading time: 2 MinutesThe value of real estate transactions rose to 180.2 billion riyals in 2019, an increase of 26.51%, compared to a 36.31% decline in 2018, The increase was driven by a 35.11% rise in the value of residential sector transactions, compared to a 31.21% decline in 2018, settling at the end of the year at 136.7 billion riyals (75.71% of total market transactions). Meanwhile, the commercial sector rose by 5.61%, compared to … Read more

Startup funding deals rise to SAR 508 million

by

Reading time: < 1 MinuteA recent report released by the business incubator and accelerator company «BYAC,» the government entity responsible for managing and operating the «Bader» program—one of the programs of King Abdulaziz City for Science and Technology—revealed  that the total value of funding deals for startups incubated and graduated from the program rose from 2010 through the end of 2019 to 508 million riyals. The report confirmed in its details the maturing startup ecosystem that is … Read more

Ministry of Housing approves Orchids Villas in King Abdullah Economic City as part of its housing projects

by

Reading time: < 1 MinuteThe Ministry of Housing has approved the «Orchids Villas» project in King Abdullah Economic City as part of the Ministry’s programs to regulate housing support for citizens and its implementing regulations, through an agreement signed between the two parties. The project, located on an area of 1,580,322 square meters, comprises 2,580 housing units, of which 2,248 residential villas and townhouses will be allocated to housing subsidy beneficiaries. The CEO of the city explained… Read more

Minister of Municipal and Rural Affairs issues a decision to form the steering committee for the implementation and development of the “Ijada” program”

by
Buildings - Commercial Register - Contracting Projects - Workers' Residences - Shops - Construction - Real Estate - Investment

Reading time: < 1 MinuteThe Acting Minister of Municipal and Rural Affairs, Dr. Majid bin Abdullah Al-Qasabi, issued a decision to form a steering committee for the implementation and development of the “Ijada” across all municipal secretariats, based on the approval of the royal decree authorizing the contract with Alam Company to implement the program under the Riyadh Municipal Secretariat contract. The decision set several objectives for the committee, including issuing guidelines and approving plans for the Ijada program, and working … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.