Month: January 2020

Al-Tharwa Real Estate Company Will Put Four Prime Properties in Riyadh Up for Public Auction on January 29

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Reading time: < 1 MinuteAl-Tharwa Real Estate Company has completed its preparations to organize a major real estate auction for the sale of a number of significant and diverse properties in several neighborhoods of Riyadh. The properties are located in Al-Janadriyah, Shubra, Al-Washm, and Al-Ha’ir; The auction will take place on Wednesday, January 29, 2020, at the Sheraton Hotel in Riyadh. At the auction, Al-Tharwa Real Estate will offer a plot of land in Al-Janadriyah measuring 144,983 square meters, located north of Dammam Road … Read more

Minister of Justice directs courts to seek permission from the Supreme Court when requesting ownership of vacant land

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Ministry of Justice - Ministry of Justice - Real Estate - Lease - Emptying Real Estate - Real Estate - Commercial Cases - Real Estate

Reading time: < 1 Minute      Minister of Justice Walid bin Muhammad al-Samani instructed all courts to comply with the requirement to seek permission from the highest authority before ruling on applications for ownership of vacant land that has not previously been reclaimed. Al-Samaani issued a circular to all courts in which he emphasized the requirement to seek authorization from the Prime Minister through the Ministry of Justice using the standardized form … Read more

Minister of Rural Municipal Affairs directs to review the naming of streets in Qassim cities

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Qassim - State Properties

Reading time: < 1 MinuteThe Acting Minister of Municipal and Rural Affairs, Dr. Majid Al-Qasabi, directed that the names of certain streets in the neighborhoods and cities of the Al-Qassim Region be reviewed and changed as soon as possible, in coordination with the relevant authorities and under the supervision of the Al-Qassim Regional Municipality, noting that some street names have been augmented with titles such as “Sheikh” and “Notable,” which necessitates the removal of these titles.

Abdullah bin Muhammad al-Nasiri writes: What Is Meant by Family Entities

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Reading time: < 1 MinuteWe note at the outset that the phrase «family entities» is a term that may refer to a sole proprietorship or to well-known types of entities such as general partnerships or limited liability companies, but which were formed among partners who were already connected by another bond prior to their business partnership. This bond may be a family relationship, friendship, or a work relationship, etc., and therefore this prior bond… Read more

Saudi Plastics and Petrochemicals Exhibition concludes in Riyadh

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Reading time: < 1 MinuteWith the participation of more than 424 companies representing 26 countries, the «Saudi Plastics and Petrochemical Industries Exhibition 2020,» held in conjunction with the «Saudi Printing and Packaging Exhibition,» successfully concluded its activities after a four-day run from January 13 to 16 at the Riyadh Exhibition and Convention Center, under the patronage of His Excellency Bandar bin Ibrahim bin Abdullah Al-Khuraif, Minister of Industry … Read more

Seeking to restructure the economy and achieve development and prosperity... The Riyadh Economic Forum marks the latest leap forward in investment infrastructure and legislation

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Reading time: 2 MinutesThe Riyadh Economic Forum seeks—since its inception 18 years ago—to serve as a strategic think tank for discussing national economic issues through a practical, scientific approach and by adopting a unique methodology based on the principle of brainstorming (Think Tank), thereby contributing to the creation of, under the gracious patronage of the Custodian of the Two Holy Mosques. The Forum keeps pace with development requirements and responds to the needs of the sector… Read more

Anan Real Estate is launching massive residential projects in Dammam and Unaizah

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Reading time: < 1 MinuteAnan Real Estate Company plans to launch major projects in the cities of Dammam and Unaizah, In Dammam, it is launching an integrated residential city project adjacent to the Al-Dahiya development, featuring 950 residential villas ranging in size from 300 to 700 square meters, on a site covering an estimated half a million square meters. Mr. Bandar Al-Dhahik, CEO of Anan Real Estate, announced that construction on the project will begin within the next three months after … Read more

SAGIA finalizes 150 international agreements in 2019 1130 new foreign companies enter the Saudi market

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The best companies

Reading time: < 1 MinuteThe General Investment Authority signed approximately 150 agreements during 2019, while the number of licenses issued for foreign investment rose by 54% in the same year compared to 2018, according to the fourth-quarter report issued by the Authority, which summarized the most important investment developments in the Kingdom, coinciding with the upcoming start of the World Economic Forum in Davos. … Read more

Wakeelik Real Estate Auctioned Dawas Market on Sunday, February 2 in Makkah    

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Reading time: < 1 MinuteAmlak - Exclusive: Wakil Real Estate, a company specializing in organizing auctions and real estate appraisals, has invited businesspeople, investors, and real estate development companies to attend the public auction it is organizing for the sale of the Dawas Market in Makkah after the Asr prayer on Sunday, June 8,1441 AH, corresponding to February 2, 2020 AD, at the Darnf Hotel next to the General Court (formerly) in Kadi on the Third Ring Road. This comes following … Read more

295 billion riyals worth of investment in the residential sector... The Ministry of Housing makes 180 plans available through the «Sakani» platform in 2020

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Reading time: < 1 MinuteThe Ministry of Housing announced that it is working this year, 2020, to make 180 housing projects available through the «Sakani» platform and to deliver 90,000 new residential plots. This announcement was made during the «Ministry of Housing Forum 2020,» which the ministry recently held in Riyadh under the patronage and in the presence of Majed Al-Hogail, Minister of Housing. During the forum, Dr. Mishaal Al-Shammari, economic advisor to the «Housing» program, confirmed the increase in the total … Read more

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