Development Housing Program allocates more than 3,000 housing units to needy families

Developmental Housing - Housing Unit

Reading time: 2 MinutesThe Developmental Housing Program at the Ministry of Housing announced that it has allocated more than 3,000 housing units to the most needy families, through its partners—civil society organizations and institutions—in various cities and governorates across the Kingdom, with the aim of meeting the housing needs of as many eligible families as possible, as part of the efforts undertaken during the COVID-19 pandemic. The Developmental Housing Program explained that, in partnership with associations … Read more

“Trade” and ”Finance” Discuss Mechanisms to Benefit from Private Sector Support Initiatives

Ministry of Finance and Economy Measures - Private Sector

Reading time: 2 MinutesDr. Majid bin Abdullah Al-Qasabi, Acting Minister of Commerce and Acting Minister of Media, and the Minister of Finance and Acting Minister of Economy and Planning, Mr. Mohammed bin Abdullah Al-Jadaan, mechanisms to ensure that the private sector maximizes its benefit from the initiatives launched by government agencies to mitigate the impact of the COVID-19 (COVID-19), which included exemptions and deferrals of certain government payments to provide liquidity … Read more

Public Security allows people with humanitarian, emergency and exceptional circumstances to travel within the region and between governorates

Ministry of Interior - Public Security 2

Reading time: < 1 MinuteThe General Directorate of Public Security today added a transportation service within the region and between governorates for individuals facing humanitarian, emergency, or exceptional circumstances. The service also includes travel between neighborhoods within cities, in all regions of the Kingdom except for the regions of Makkah and Madinah. The Ministry of Interior had previously approved a (standardized) template to be followed, and each government agency is responsible for issuing the necessary permits for its employees or those working in affiliated sectors … Read more

Under the slogan “Let’s Support Our Elders,” “Waqar” Launches a National Campaign to Strengthen COVID-19 Prevention Efforts

National Campaign - Waqar Association

Reading time: 2 MinutesThe Saudi Association for Supporting the Elderly (Waqar) launched a national awareness campaign titled “Let’s Support Our Elders,” as part of its contribution to strengthening the Kingdom’s role and efforts to prevent the spread of the coronavirus, and in line with its social responsibility toward the elderly and Saudi society. The association’s executive director, Mr. Abdulaziz Al-Hdalq, explained that since the beginning of the coronavirus crisis, the government has taken strict precautionary measures to prevent the spread of the disease, and has not … Read more

Private sector contracting projects with more than 50 workers exempted from working during curfew

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

Reading time: 2 MinutesThe Ministry of Municipal and Rural Affairs issued a decision exempting private-sector construction projects with more than 50 workers from the curfew, subject to specific conditions that include several requirements, such as special health protocols that must be met in transportation and at work sites. The conditions also include health awareness and education programs, as well as the provision of housing… Read more

“Itqan Real Estate signs MoU with Alam to provide advanced e-services and develop a specialized real estate auction platform

Memorandum of Understanding between Etqan and Alam - Real Estate Auction

Reading time: 2 MinutesYesterday, Itqan Real Estate signed a memorandum of understanding with “Alam,” a leading provider of digital solutions, with the aim of developing and implementing joint projects in the fields of e-services and information technology, specifically to develop a specialized real estate auction platform and provide a range of high-quality services based on the concept of professional, multi-channel platforms that meet customer expectations. (Real Estate Auction) The signing took place… Read more

Finance Minister Reassures Everyone That the Kingdom Is Tackling the Coronavirus Crisis from a Position of Strength... and Praises the Extensive Precautions

Finance Minister Al-Jadaan - Real Estate - Coronavirus - Kingdom's Budget

Reading time: 2 MinutesThe Minister of Finance and Acting Minister of Economy and Planning, Mr. Mohammed bin Abdullah Al-Jadaan, reassured the public that the Kingdom is facing the current global crisis from a position of strength, highlighting its massive reserves and robust financial position, along with relatively low government debt, citing as evidence the recent positive reports issued by credit rating agencies, which affirmed the strength and resilience of the Saudi economy and its ability to weather the crises it is facing … Read more

Ministry of Housing issues more than 215,000 VAT certificates for first home

VAT Payment - Real Estate

Reading time: 2 MinutesThe number of certificates exempt from value-added tax (VAT) for first homes issued by the Ministry of Housing since the initiative’s launch through the end of last March totaled approximately 215,098, according to the monthly report released by the Sakani Program. According to ”Sakani,” 187,637 certificates were issued to Ministry of Housing beneficiaries, and 27,461 certificates were issued to beneficiaries not on the Ministry’s or the Real Estate Development Fund’s lists, while … Read more

“Sakani” program adds 7 new residential schemes through its portal and smartphone application

7 residential schemes

Reading time: 2 MinutesThe “Sakani” program continued to roll out new housing projects, announcing the addition of seven new housing projects via its online portal and smartphone app as part of the housing projects available for land plots, The program invited those interested in this option to visit its website or the “Sakani” app and complete all necessary procedures. In a statement, the “Sakani” program explained that it has activated the online selection process for seven new plans… Read more

Coronavirus repercussions will be felt in Dubai's real estate sector during the second quarter of this year, according to real estate reports

Dubai Real Estate - Dubai Real Estate Actions

Reading time: 2 MinutesChestertenns stated in a recent report that the novel coronavirus (COVID-19) outbreak had an impact on the real estate sector in the Emirate of Dubai during the second quarter of this year. The report noted that determining the actual impact of COVID-19 on the sector depends largely on the duration of the outbreak and the nature of the public response to contain it. The report pointed out that among the factors… Read more