Riyadh Chamber plans to survey investors on the culture and entertainment sector

Riyadh Chamber - Businessmen Ceremony

Reading time: < 1 MinuteThe Culture and Entertainment Committee at the Riyadh Chamber called for a survey of investors about the sector and to know their views and the best solutions they propose in order to minimize their losses incurred by the Corona pandemic, which led to the suspension of their businesses and activities to identify obstacles and the size of losses and reach solutions that would reduce the size of the losses incurred by the sector and then submit them to the relevant authorities. She reviewed ... Read more

9681 facilities licensed by the Ministry of Industry until the end of 2020

Licenses - Wazawa Industry

Reading time: 2 MinutesLicenses - The Ministry of Industry and Mineral Resources revealed in its annual indicators report for 2020 that the number of new industrial licenses issued by the ministry to factories during the past year amounted to 903 licenses, with investments amounting to 23.5 billion riyals, and the ministry indicated, according to data from the National Industrial Information Center that the localization plans it worked on and with the participation of other government agencies during the year ... Read more

Floor Décor Advantages and disadvantages

Decor - Flooring

Reading time: 3 MinutesDecor - Prepared by: Dalah Studio Choosing the right flooring for your home is one of the most difficult steps because it is difficult to change later, and many people always fall into wrong and hasty choices that are not discovered until after implementation. Choosing the right flooring greatly affects the space of the house, as it covers a large area and is an important source to add elegance and spaciousness to the place if it is carefully selected and taken ... Read more

Saudi Contractors Organization launches «Model Contracts» and «Consulting Services»

Contractors Authority - Contracting

Reading time: < 1 MinuteContracting - The Saudi Contractors Authority (SCA) plans to officially launch the «Model Contracts» and «Consulting Services» initiatives in the coming weeks with the aim of organizing and incentivizing the sector and making it an attractive investment environment in line with the requirements of the Kingdom's Vision 2030. All model contracts will be fully automated through a platform created by KDIPA specifically for contracts within its main platform «Contractor» and linked to the «National Access» platform. Verification of both parties ... Read more

Abdulaziz Al-Issa writes: Real Estate. And the future of investment

Reading time: < 1 MinuteAqar - The real estate sector faces great challenges during the next three years, which is considered the strong ground in which the features of the national program and the Kingdom's Vision 2030 are completed, and these features and indicators need tireless and continuous work to provide strong infrastructure and huge centers that can contain within them what the wise leadership plans of quality projects, and the legislation enacted and issued by ... Read more

Violators of the real estate valuation system to be referred to the Public Prosecution in 2020

Certified Resident System

Reading time: < 1 MinuteReal Estate - The Saudi Commission for Accredited Valuers (Taqeem) referred 11 people to the Public Prosecution during 2020 for practicing real estate valuation without obtaining a license to practice the profession and violating the provisions of the Certified Valuers Law issued by Royal Decree, which aims to set the necessary controls and standards for valuation work in its various branches, develop the valuation profession and raise the level of professionalism of its workers in a way that contributes to ... Read more

«Residential» program reveals 2021 targets and services

Residential Achievements - Real Estate Loans

Reading time: 2 MinutesThe «Sakani» program revealed that it aims to serve 220 thousand families from the various housing options during the current year 2021, provided that 150 thousand families live in their homes by benefiting from the subsidized mortgage loan in partnership with banks and financing institutions, in continuation of the program's efforts to enable Saudi families to own their first home through housing and financing solutions ... Read more

Mergers and acquisitions in the insurance sector are expected to increase in 2021

Insurance companies

Reading time: 2 MinutesKPMG in Saudi Arabia, specialized in audit, tax and consulting, confirmed in its new report “The Pulse of the Saudi Insurance Sector Quarterly”, that the insurance industry in the Kingdom closed the fiscal year 2020 with high figures, as a result of government support and the efforts made by the Saudi Central Bank “SAMA”, which was reinforced by the operational flexibility of the insurance sector. The global economic turmoil caused ... Read more

“Sustainable Building” sets 5 levels of certification for “Building Sustainability Assessment”

Reading time: 2 MinutesThe “Sustainable Building” program has defined five classifications for projects or buildings that have a building sustainability assessment service, indicating that the program grants the “Building Sustainability Assessment Certificate” through the total points obtained by the building or project, which is distributed on a number of levels starting with the classification of the project or building from (green, bronze, silver and gold) to the highest level ... Read more

Coral Bloom design vision launched at The Red Sea Project

Launching the Design Vision for the Red Sea Project

Reading time: 3 Minutes50 resorts at The Red Sea Project offering 8,000 hotel rooms and nearly 1,300 residential properties HRH Crown Prince Mohammed bin Salman bin Abdulaziz, Chairman of The Red Sea Development Company (TRSDC), has launched the Coral Bloom design vision for The Red Sea Project's main island, and TRSDC, the developer of one of the most ambitious regenerative tourism projects, has revealed... Read more