Month: March 2020

SAR 117 billion in financing facilities for small, medium and micro enterprises in 2019

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Monsha'at - Small and Medium Enterprises

Reading time: < 1 MinuteSmall, medium and micro enterprises received financing facilities from the banking sector during the past year 2019 amounting to 117.26 billion riyals, while the financing of these enterprises in 2018 amounted to about 108.52 billion riyals. The banking sector provided 92.08TP3T of the facilities, while the share of financing companies of the facilities granted was 7.92%. Bank financing was distributed by 81.44 billion riyals to establishments ... Read more

With the participation of 60 specialized real estate companies Cairo to host Cityscape Egypt 2020 on March 18

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Real Estate Exhibition - Cityscape Egypt

Reading time: 2 MinutesCairo will host Cityscape Egypt 2020 from March 18 to 21 at the Egypt International Exhibition Center, with the participation of leading local and international real estate development companies and experts in the sector to highlight the current set of opportunities and challenges facing the real estate market after its recovery. (Real Estate Exhibition) and the return of purchasing power in ... Read more

Real estate auctions account for 66% of them. Execution courts carry out 63 auctions during the first half of the current Hijri year

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Conciliation platform

Reading time: < 1 MinuteDuring the first half of the current Hijri year, execution courts carried out about 63 auctions, up 18% compared to the same period last year. Real estate auctions accounted for 66% of the total auctions during the period, while non-real estate auctions varied between electrical goods and transportation vehicles. The Khamis Mushait region came in first place as the courts carried out ... Read more

4000 purchase contracts for under-construction housing units worth 2.559 billion riyals during January and February

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Reading time: 2 MinutesThe Ministry of Housing revealed that the value of housing units under construction sold during January and February 2020 amounted to 2.559 billion riyals, while the number of contracts reached about four thousand contracts, and the partnership with 60 real estate developers resulted in 70 housing projects that include all services that provide an attractive and integrated environment, which contributed to increasing the rate of ownership of Saudi families ... Read more

Including real estate financing. Samba Financial Group provides specialized financing and banking services for the Kingdom's financial system employees

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Reading time: < 1 MinuteSamba Financial Group plans to provide special and exclusive financing solutions, services and banking products to the employees of the Kingdom's financial system, which includes the ministries, bodies and institutions of the financial system represented by the Ministry of Finance, Zakat and Income Authority, Saudi Arabian Monetary Agency, Capital Market Authority, Saudi Customs, under the Mazaya program agreement in partnership with the financial system, and will provide financing services ... Read more

Riyad Bank offers a package of advisory and financing services to support projects in cooperation with the Ministry of Finance

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Riyad Bank and Ministry of Finance - Project Finance

Reading time: < 1 MinuteRiyad Bank has signed two memorandums of understanding with the Ministry of Finance to provide a variety of services. The first agreement enhances the bank's participation in the initiative to support and finance quality projects «Land, Opportunity, Loan» by providing financial consultations and participating in financing programs, which will serve investment opportunities. The first agreement enhances the bank's participation in the «Land, Chance, Loan» initiative by providing financial consultations and participating in financing programs that will serve investment opportunities. Read more

Ejar program: 31% of electronically documented contracts enjoy monthly payment service

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Apartments for rent - apartment rental platform - residential rental - real estate lease

Reading time: 2 MinutesThe Ministry of Housing revealed through the “Ejar” program that the percentage of beneficiaries of the monthly payment service for rental contracts registered in the electronic network exceeded 31% of documented contracts, since the beginning of this year 2020, while the percentage of commercial rental contracts that benefited from the monthly payment feature reached about 14% of contracts despite the recent mandatory commercial contract. (Ejar ... Read more

Municipal investments are expected to contribute SAR 20 billion to GDP. Real estate projects at the top of the list

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Real Estate Projects - Municipal Investments

Reading time: 2 MinutesGlobal consulting firm Bain & Company revealed that diversified municipal investments can contribute to the Kingdom's GDP by about 20 billion riyals annually, emphasizing their ability to enhance the competitiveness of cities that will accelerate and contribute to the realization of the goals of the Kingdom's Vision 2030, this came during its participation in a workshop at the “Investment Forum ... Read more

Restatex Riyadh Real Estate Show completes preparations to welcome major real estate projects Launching on April 13

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Real Estate Exhibition Restatex

Reading time: 2 MinutesWith the support and sponsorship of the Ministry of Housing, Restatex Riyadh Real Estate Exhibition 2020 will be held from April 13 to 16 at the Riyadh Exhibition and Convention Center. ( Al-Wayad Real Estate ) All sponsorships and reservations have been completed and Ramtan Exhibitions and Conferences, the organizer of the exhibition, revealed that all sponsorships and reservations for exhibition halls and pavilions have been completed on the entire area allocated for the exhibition. Ramtan confirmed the existence of ... Read more

The Big 5 Saudi Construction Exhibition kicks off in Jeddah on March 8

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Real Estate Exhibition Construction Exhibition - he big 5

Reading time: < 1 MinuteWith the participation of more than 250 exhibitors specialized in the construction industry, Jeddah will host The Big 5 Saudi from March 8 to 10 at the Jeddah Forum Center, where the exhibition will focus on 8 key sectors, in addition to educational programs that review the most prominent trends and pressing issues in the industry. (... Read more

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