Month: March 2021

The Investment Fund injects SAR 12 trillion to grow the private sector economy and SAR 27 trillion in public spending

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Mohammed bin Salman - Investment Fund

Reading time: 3 MinutesBuilding a vibrant and prosperous private sector is one of the Kingdom's national priorities “Shrek” is a program adopted to be a key part of the Kingdom's economic growth plan HRH Prince Mohammed bin Salman, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs, revealed that the total investments to be pumped by the Public Investment Fund in the national economy will be 12 trillion riyals until ... Read more

Real Estate Fund deposits 670 million riyals into citizens' accounts for the month of March

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Residential mortgage financing for individuals

Reading time: < 1 MinuteThe Real Estate Development Fund yesterday deposited 670 million riyals in the accounts of citizens from the beneficiaries of the “Residential” program and the Real Estate Development Fund for the month of March 2021, confirming the continuation of housing support to enable Saudi families to own homes with the aim of increasing the ownership rate to 70 percent by 2030, according to the targets of the housing program, one of the programs of Vision 2030. Mansour bin Madi explained ... Read more

The value of residential mortgage contracts for individuals in February exceeds SAR 14 billion

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International Monetary Authority - Real Estate Finance - Real Estate Finance - Insurance - Finance - Real Estate Finance - Residential - Project Finance - Real Estate Finance

Reading time: 2 MinutesThe value of new residential real estate financing contracts for individuals during last February of the current year 2021 exceeded the barrier of 14 billion riyals, recording an increase of 28%, compared to February 2020, in which the value of financing contracts reached 11 billion riyals, and contracts recorded about 26,860 contracts, an annual growth of 6%, compared to the same period last year, which witnessed about 25 ... Read more

“Amlak publishes the general features of the privatization system and 4 cases of termination of the partnership contract

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Rental Properties - Real Estate - Real Estate - Real Estate Funds - Rental - Licensing -... Real Estate Deals - Real Estate Exchange

Reading time: 3 MinutesThe Privatization Law, which was approved by the Council of Ministers, specified four cases for terminating the public-private partnership contract before the expiration of its term, and that a decision by the Board of Directors of the National Center for Privatization shall be a committee or more of the specialists, to consider the grievances submitted against the procedures for offering privatization and awarding projects, and the executive body has the right - after obtaining the approval of the competent authority, and specified ... Read more

Saudi Arabia's government tops the list of 28 countries

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Saudi Arabia Leads in Trust

Reading time: 2 MinutesThe government of the Kingdom of Saudi Arabia has maintained its high levels of trust internationally by topping the list of 28 countries around the world according to the results of the Edelman Trust Index 2021. Confidence levels in the performance of the Kingdom's government increased from 78% in January 2020 to 82% in January 2021, adding 4 percentage points to its balance, which qualified it to be at the top of the countries included in the ... Read more

Tabuk enters the first phase of implementing the “White Land” program fees”

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Residential land prices

Reading time: < 1 MinuteThe White Land Program announced the start of the application of the first phase of fees in Tabuk, explaining that the geographical area targeted for the application of the first phase was determined after reviewing the results of the workshops held with the Municipality of Tabuk and discussing the proposed scope, where the geographical scope was adopted to apply the system in accordance with the objectives of the program and in line with the strategic plans of the Municipality for the city. The text ... Read more

Mortgage Fund eliminates the requirement to own no more than two homes to accept mortgage transfers

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Real Estate Fund real estate

Reading time: < 1 MinuteThe Real Estate Development Fund adopted (24) of each Gregorian month as the date for depositing the monthly support for the beneficiaries of the “Residential” program from the Ministry of Municipal and Rural Affairs, Housing and the Real Estate Fund, as part of the second board meeting for 2021, which was held virtually, and the Fund explained that this decision comes in order to enable the beneficiaries to benefit from the monthly support before ... Read more

11,200 young men and women await employment under the real estate localization program

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Real Estate Prices - Real Estate

Reading time: < 1 MinuteReal Estate - 11,200 young men and women are waiting for the opportunity for employment and training in the real estate sector, according to the plan of the real estate sector localization program drawn by the General Authority for Real Estate in cooperation with the Human Resources Development Fund “Hadaf”, in order to raise the efficiency of human capital and support the efforts to qualify the national workforce and employ them in vital activities in the private sector and raise the skills of researchers ... Read more

Signing contracts for the sale of parts of the Tanal plan with a total value of more than “576” million riyals

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Riyadh Development Company - Sale

Reading time: < 1 MinuteRiyadh Development Company (Riyadh Development Company) has completed the signing of contracts for the sale of parts of the Tanal plan (357533.29 m2); for a total value of (576012172 SAR), and Adeer, the exclusive marketing agent, will start the emptying procedures as of next week. Riyadh Development Company's share of these sales is 69.38%, and the company will realize total profits from these sales estimated at (180 ... Read more

Dubai executes 3787 real estate transactions worth a total of AED 7.43 billion

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Dubai Real Estate - Dubai Real Estate Actions

Reading time: < 1 MinuteThe number of real estate transactions in Dubai during February 2021 amounted to 3,787 transactions with a total value of AED 7.43 billion, a growth of 13.8 % in terms of the number of transactions and 8.9 % in terms of value, compared to January of the same year, according to the 12th edition of the official index of sale prices in Dubai, launched by ... Read more

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