Month: June 2021

Bidding via digital platforms... «Itqan Real Estate» to put Al-Hamra Square complex up for public auction next Wednesday

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Atqan Launches Real Estate Auction

Reading time: 2 MinutesReal Estate Auction – Itqan Real Estate has announced the date of the live online auction for the Al-Hamra Square complex, located in the Al-Hamra neighborhood of Riyadh on King Abdullah Road, on Wednesday, June 23, 2021, at 4:30 p.m. The auction will be conducted using electronic technology in accordance with preventive health protocols to protect bidders from the coronavirus. In detail, … Read more

Abdulaziz Al-Issa writes about the implementation of the Saudi Building Code: The code is a new era

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Abdulaziz Al-Issa: Real Estate Finance

Reading time: < 1 MinuteHere is a new phase for the real estate sector following the remarks by the Secretary-General of the National Committee for the Saudi Building Code, Engineer Saad bin Saleh bin Shuail, who stated: «With the implementation of the Saudi Building Code, God willing, we will no longer see substandard »cardboard villa’ projects.” In my view, this is the key takeaway from the press conference organized by the Ministry of Municipal, Rural Affairs, and Housing to explain matters related to… Read more

Majid Al-Hogail Highlights Tourism Investment Opportunities in Al-Baha

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Investment Opportunities - Al-Baha

Reading time: < 1 MinuteMajid Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, announced the launch of investment opportunities in Al-Baha to transform it into an attractive tourist destination. Al-Hogail said in a tweet on his official Twitter account that the Al-Baha Region Municipality has launched the first phase (expression of interest) for unique investment opportunities in coordination with the Ministry of Tourism to promote “Summer in Al-Baha 2021.” Al-Hogail explained that these opportunities … Read more

According to FIDIC contracts, what role does engineering supervision play in identifying corruption in government and private projects?

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The Role of Engineering Firms in Contracts - Al-Dosari

Reading time: 3 MinutesContracts – The construction and real estate sectors are undergoing rapid development in the Kingdom of Saudi Arabia, both in the public sector and in the private construction sector. and among the most important factors fueling the prosperity of the investment environment are the high level of financial discipline and the low level of risk associated with transactions within this environment, in which the contract is generally considered the backbone… Read more

What are the modern construction techniques that are applied in Al Jawan projects in North Riyadh?

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Al Jawan Suburb - Real Estate Development - Residential Projects

Reading time: 2 MinutesThe Ministry of Municipal, Rural Affairs, and Housing continued to apply modern construction methods in its housing projects, confirming the use of new construction technologies in 8 out of 12 housing projects in the Al-Jawan suburb north of Riyadh, which are being developed by the National Housing Company.  Advantages of Modern Construction Techniques The application of modern construction methods in the “Sakani” program projects aims to accelerate … Read more

The Ministry of Municipal and Housing Affairs Holds a Press Conference to Announce Measures for Implementing the Saudi Building Code

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Saudi Building Code

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs and Housing is organizing a press conference to announce the procedures for implementing the Saudi Building Code on residential projects and a package of potential programs, tomorrow, Tuesday, June 15, at the Ministry’s headquarters in Al-Olaya. In its invitation to the newspaper “Amlak” to attend the conference, the Ministry explained that this step comes as part of the implementation of a set of conditions and requirements and the subsequent… Read more

Eight projects in the Al-Jawan neighborhood are implementing approved modern construction methods

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Al Jawan Suburb - Real Estate Development - Residential Projects

Reading time: 2 MinutesHousing Projects – The Ministry of Municipal, Rural Affairs, and Housing has continued to apply modern construction methods in its housing projects, confirming the use of new technologies in 8 out of 12 housing projects in the Al-Jawan suburb north of Riyadh, which are being developed by the National Housing Company.  Advantages of Construction Using Modern Technologies The application of modern construction methods in the “Sakani” program projects aims to … Read more

Essam Al-Ghamdi Appointed Deputy Minister for Housing Support at the Ministry of Municipal, Rural Affairs, and Housing

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Issam Al-Ghamdi - Real Estate

Reading time: < 1 MinuteThe Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al-Hogail, a decision appointing Essam bin Ahmed Al-Ghamdi as Undersecretary for Housing Support at the Ministry. Al-Ghamdi has served as General Supervisor of the General Directorate of Strategic Communication and Public Relations at the Ministry of Municipal, Rural Affairs, and Housing since February 2015, and his practical and professional experience spans more than 15 years, during which he has held a number of positions in … Read more

It has vital and strategic goals. Real Estate Brokers Association forms new board of directors

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Real Estate - Saudi Association of Brokers

Reading time: < 1 MinuteReal Estate – The Association of Real Estate Brokers elected its new board of directors at its first session during an extraordinary general meeting held via Zoom on the evening of Thursday, 29 Shawwal 1442, in the presence of a representative from the Ministry of Human Resources and Social Development. Agenda The General Assembly began with a welcome address to all attendees from the Association’s Board Chairman … Read more

E-invoice system begins in early December No exceptions for taxpayers

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Electronic invoice

Reading time: 2 MinutesThe Zakat, Tax, and Customs Authority announced that there will be no exceptions to the implementation of electronic invoicing for taxpayers, which will take effect on December 4, 2021. The Authority clarified that the first phase will be based on the electronic format chosen by the taxpayer—whether an app, software, or system—while the electronic formats will be specified in the second phase, the “integration phase,” in 2023. Phases of the invoicing system implementation … Read more

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