Month: June 2021

CITC develops 20 initiatives and 161 programs and projects to encourage investment

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Telecommunications Commission

Reading time: < 1 MinuteThe Communications and Information Technology Commission (CITC) announced the design and development of 20 strategic initiatives and 161 strategic programs and projects, thereby reinforcing its approach aimed at protecting users, encouraging investment, and promoting competition, and providing outstanding services and innovative digital technologies. This announcement coincided with the agency’s receipt of the “Recognized For Excellence 4 Stars” certification from the European Foundation for Quality Management (EFQM), in recognition of … Read more

Shura Council calls for clear regulations to encourage foreign investment in real estate

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: < 1 MinuteDuring its session last week, the Shura Council called on the General Real Estate Authority to coordinate with relevant agencies to establish clear regulations to encourage foreign investment in real estate, specifying its rules, scope, and development principles. This includes studying the possibility of allowing foreign individuals to own real estate in the Kingdom under specific regulations. It also called on the Authority to establish clear governance for the entities it has established with regard to the Real Estate Institute … Read more

Mulak program accredits more than a thousand associations since the beginning of 2021

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Malak Program Enables Query Service

Reading time: < 1 MinuteThe “Malak” program has announced that it has accredited more than 1,000 associations from the beginning of 2021 through the end of last May, with an average of 200 associations per month, marking clear growth that reflects the confidence of Malak association members in the program’s goals to create a safe and sustainable environment that helps protect rights, ensures proper use of real estate, and promotes a culture of coexistence. The program explained that the “Submit Electronic Reports” service … Read more

Implementation of the first phase of the white land fee begins in Al-Ahsa

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Al-Ahsa White Land Fees

Reading time: < 1 MinuteThe “White Land” program announced the start of registration for the implementation of the first phase of white land fees on land located within the geographical scope in Al-Ahsa, It explained that the geographic scope targeted for the first phase of the White Land program was determined after reviewing the results of workshops held with the Al-Ahsa Municipality and discussing the proposed geographic scope for the province and identifying the lands within it for the application of the fee system … Read more

Adoption of municipal requirements for the sale and rental of building materials and light workshops

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Building Materials - Rules and Regulations

Reading time: 2 MinutesHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, has approved the municipal regulations governing light industrial workshops, building materials stores, and the operation of stores selling and renting construction equipment, as part of the Ministry’s initiative to improve the business environment in the Kingdom and enhance work efficiency and the level of service provided to citizens and residents. The municipal requirements cover light workshop activities limited to repairs … Read more

Matar Al-Shammari writes: Notes before you buy an old or used property

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteThings to Consider Before Buying an Older or Pre-Owned Property: Make sure the title deed is up-to-date and in electronic format. Verify the property’s age through the electric utility company.  It is best if the house has not been renovated so you can identify any issues, such as leaks. It is best if the house is not currently rented out or occupied. Make sure there is no mortgage on the property from the housing fund. You must ensure … Read more

«Value engineering for projects» is a novel approach to product quality and minimizing cost and waste

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Evaluation Engineering - Contracting

Reading time: 2 MinutesConstruction – For the second consecutive day, the Saudi Contractors Authority is continuing its training sessions titled “Value Engineering for Projects,» on June 8 and 9. The workshop aims to improve the quality of implemented projects by raising awareness of value engineering for projects and its most important practical and applied practices. The workshop addresses the following topics: The importance of applying the value engineering methodology in … Read more

Sami Abdel Aziz continues his series on real estate terminology: Landscaping

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteOne of the terms frequently used among real estate developers is “landscape.” So what is it, why is it important, and what value does it add to a real estate project? “Landscape” is a German word consisting of two parts: the first is“Land,” meaning the earth, and the second is “scape,” referring to what is related to the earth. The word has evolved in English to mean the design of natural landscapes. “Landscape” consists of two parts: the first is “hardscape,” which includes … Read more

Abdulaziz Al-Issa writes: Funds, a crisis of confidence

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: < 1 MinuteThe end of the fourth quarter of 2016 marked a significant milestone in the Kingdom’s real estate sector, with the launch of “REITs” were launched and the first fund was listed on the stock market, marking a new phase in the mobilization of frozen funds and capital from abroad for high-end real estate investments that preserve wealth whose owners fear it might be lost or dissipated. These funds were promoted and gained momentum … Read more

Yusr Al Baraka Commercial Foundation organizes an auction to sell Al Andalus land in Jeddah

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Andalusian auction

Reading time: < 1 MinuteThe Yasser Al-Baraka Commercial Foundation, «Dar Al-Muzadat Al-»Alamiya,” has completed preparations to offer a commercial and residential investment plot in the Al-Andalus neighborhood for sale at a public auction on Tuesday, June 8, 2021, at the Galleria Hotel on Tahlia Street. The 5,725-square-meter plot is strategically located on the bustling Arafat Street, which connects Jeddah’s main artery, Al-Madina Road… Read more

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