Month: January 2020

Saud Al-Mashari as Secretary General of the Federation of GCC Chambers

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Reading time: 2 MinutesThe Board of Directors of the Federation of GCC Chambers has issued a resolution appointing Dr. Saud bin Abdulaziz Al-Mashari as Secretary General of the Federation of GCC Chambers. He is considered one of Saudi Arabia’s most distinguished national administrative figures and has held numerous administrative positions related to legal affairs. He holds a Ph.D. in Law from the University of Washington in the United States and a Master’s degree … Read more

37,000 tourist accommodations and 16,000 hotel rooms are raising the standard of services in Riyadh

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Riyadh - Riyadh Hotels

Reading time: 3 MinutesA recent report issued by Mashid and the Riyadh Chamber revealed an improvement in the quality of services provided in the accommodation and hotel sector, leading to a revival in activity, with third-class units accounting for the largest share of the market at approximately 39.1%, followed by second-class units at 31.1%. First-class units, which offer the highest level of service, account for only 11.1% of … Read more

580 residential facilities prepare for Jazan Winter Festival

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- Jazan Festival Real Estate

Reading time: 2 MinutesThe General Authority for Tourism and National Heritage in the Jazan region has announced that more than 580 accommodation facilities have completed their preparations to host the 12th Jazan Winter Festival, “Jazan Al-Fal… Everyone’s Gathering,” which kicked off last Friday evening. Up to 45 travel agencies, 24 tour guides, and tour operators are working at the festival. (Real Estate) The Authority’s Director General in the Jazan region, Abdu… Read more

Minister of Housing reviews 2019 achievements and reveals 2020 targets

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Ministry of Housing - Real Estate Finance

Reading time: 5 MinutesAmlak – Exclusive: Housing Minister Majed Al-Hogail confirmed that the homeownership rate reached 62.5%; He attributed this progress to the construction of a large number of units in partnership with the private sector, as well as the provision of substantial loans to beneficiaries; the number of beneficiary households over the past year reached 165,000, noting that this figure indicates an adequate supply of housing units … Read more

«Trade and Investment» makes discount licenses available for free

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Ministry of Industry and Investment - Shops - Licenses

Reading time: 2 MinutesThe Ministry of Commerce and Investment announced the opening of the application window for issuing seasonal sale permits for the mid-school-year break through the electronic sales system for the period from 8 – 23 Jumada Al-Awwal 1441 AH, during which shop owners and online retailers will be able to apply for seasonal discount licenses without the amount being deducted from their annual discount quota. (Licenses) The Ministry of Commerce also calls on … Read more

Editor-in-Chief Abdulaziz Al-Issa writes: 2020... Our ambition is sky-high

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Reading time: 3 MinutesA new year is upon us, with all its bounties and blessings, as our Kingdom bids farewell to a year filled with achievements, success, and the overcoming of obstacles. We are all proud that all the indicators and data we see today, and the path our beloved Kingdom is following, are being carried out in accordance with a strategy of clear objectives, defined by the Kingdom’s Vision 2030, which fills us with optimism and determination, and allows our ambitions to reach «the heights of the sky.» (Mortgage financing). The government has focused on… Read more

The Residential Program offers its services to employees of the Ministries of “Trade” and ”Municipality and Rural Affairs”

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Real estate financing - financing - free land - residential schemes - housing schemes - housing finance - real estate financing - residential land

Reading time: 4 MinutesAmlak - SPA: His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, and His Excellency the Minister of Commerce and Investment and Acting Minister of Municipal and Rural Affairs, Majid bin Abdullah bin Othman Al-Qasabi, signed a cooperation agreement today at the Ministry of Commerce and Investment headquarters, under which the “Sakani” program will provide housing services to employees of the Ministry of Municipal and Rural Affairs and employees of the Ministry of Commerce and Investment. (Housing financing … Read more

12 banks and 5 finance companies that shortened the journey of real estate loans

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Real Estate Loans - Amlak Newspaper

Reading time: 3 MinutesThe partnership between the Ministry of Housing, the Real Estate Fund, banks, and financing companies has streamlined the process for beneficiaries of the “Sakani” program to purchase their first home by taking advantage of the various housing options available through the "Sakani" app, as part of the Kingdom’s Vision 2030, which emphasizes private sector participation in development. (Mortgage Loans) Activating the role of banks in lending and establishing relationships with banks… Read more

The Ministry of Housing's achievements speak in numbers, revealing that it will serve 600,000 families in 2019 and 2020

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Ministry of Housing - Real Estate Finance.

Reading time: 3 MinutesAmlak – Exclusive: Citing precise figures and data, Housing Minister Majed Al-Hogail revealed that 600,000 families were served in 2019 and 2020, listing the most significant achievements of the past year and outlining the targets for the new year. Al-Hogail explained that the Ministry continues to pursue its strategic goal of facilitating home ownership for families; Ministry statistics indicate that there are … Read more

Start receiving applications for shops to operate (24 hours)

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

Reading time: 3 MinutesThe Ministry of Municipal and Rural Affairs announced that it began accepting applications from business owners to operate 24 hours a day through the “Baladi” portal starting yesterday, Wednesday, following the finalization of the licensing regulations for commercial activities. The ministry explained that allowing commercial activities to operate 24 hours a day will provide greater flexibility for commercial activities and enable the circulation of goods around the clock … Read more

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