Month: August 2021

To achieve great success with side hustles. Here are 5 tips for working smarter

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Reading time: 2 MinutesIt can be exhausting to juggle a day job while also dedicating time and energy to a side business and trying to grow it into a major enterprise. To succeed, you need to work efficiently, make the most of your limited time, and use the best tools on the market to expand your business, while letting others handle the aspects that are difficult to manage. Here are some tips on how to achieve… Read more

3 Conditions for Non-Saudis to Own Property Through the Absher Platform... Learn More (Infographic)

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Reading time: < 1 MinuteThe “Absher” platform recently added a new service aimed at residents wishing to own property within the Kingdom, under the name “Property Ownership for Non-Saudis.” The platform revealed via its Twitter account three requirements for submitting an application through “Absher”: the resident’s ID must be valid and not expired; all property information and a copy of the deed must be provided; and … Read more

By name and details… “Competition Authority” imposes penalties on businesses operating in 4 sectors (infographic)

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Reading time: 3 MinutesIn accordance with the General Authority for Competition’s mandate and jurisdiction regarding the enforcement of competition law, and as an extension of its role in protecting and promoting fair competition and combating monopolistic practices, and in order to uphold the principle of procedural transparency; the Authority wishes to clarify that it has received a report alleging that a number of entities operating in the office equipment, office and home furniture, and contracting sectors have violated the Competition Law through an agreement … Read more

Abdulaziz Al-Issa writes: The recovery of the housing finance market

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Reading time: < 1 MinuteNew residential mortgage financing for individuals provided by banks and finance companies surged by 27.31% during the first half of 2021, with bank financing rising to approximately 77 billion riyals, compared to 59.74 billion riyals at the end of the first half of last year, marking an increase of 28.91%.This recovery in the residential mortgage market comes amid a general recession affecting the real estate sector in … Read more

“Kafif distributes 8 housing units to its beneficiaries in Riyadh (video)

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Reading time: < 1 MinuteYesterday, the Riyadh Regional Association for the Blind (Kifif) distributed 8 housing units, in cooperation with the Developmental Housing and Community Participation Project under the Ministry of Municipal, Rural Affairs, and Housing, benefiting 8 families supported by the association. Ahmed Al-Qaraawi, Deputy Director of the Developmental Housing Project at the Ministry of Housing, explained that this initiative is a sustainable partnership between the project and the Kifif Association, and serves the interests of blind men and women from … Read more

Learn about the details of the Kingdom's second quarter budget: Revenues 248 billion and expenses 252 billion

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Ministry of Finance - Kingdom Budget - Renting Real Estate

Reading time: < 1 MinuteThe Ministry of Finance announced that revenues for the second quarter of this year reached 248 billion riyals, and that the budget deficit stood at 4.6 billion riyals. It noted that total public debt stood at 922 billion riyals, and expenditures for the second quarter of this year reached 252.7 billion riyals, while external debt amounted to 387.5 billion riyals during the second quarter of 2021. Budget details … Read more

Measurement Auction House Major real estate investment opportunities on King Fahd Road at the Capital Artery Auction in Riyadh

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Measurement House 2

Reading time: < 1 MinuteDar Al-Qiyas Auctions continues to excel and offer diversity in the world of real estate auctions, announcing its upcoming public auction, “The Capital’s Artery Auction,” the date of which will be announced shortly, featuring commercial plots on King Fahd Road in Riyadh. The properties up for sale include three adjacent commercial plots with direct views of King Fahd Road and four streets, with a total area of … Read more

Saudi economy recovers from coronavirus pandemic in Q2 2021 and achieves growth of 1.5%

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Riyadh - Housing Supply

Reading time: 2 MinutesSaudi Arabia’s real gross domestic product (GDP) grew by 1.51% in the second quarter of 2021, marking the first positive growth since the start of the COVID-19 pandemic, compared to the same period in 2020, according to flash estimates released today by the General Authority for Statistics. According to the Authority, this positive growth is attributed to the rise … Read more

“My Riyadh” Records 480 Field Observations Across 13 Municipalities

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Reading time: < 1 MinuteThe Riyadh Municipal Council recently held its 82nd session, chaired by Council President Khalid Al-Aridi, at its headquarters in the Al-Malaz district.At the beginning of the meeting, the Council reviewed a report on the most significant follow-ups to Council decisions during the past period, including the Ministry of Transportation’s response to the Council’s recommendation regarding the poor quality of the asphalt and the numerous cracks on the Dirab Public Road, as well as the improvement and development of the entrance to the Al-Mahdiya neighborhood in Arqa, … Read more

“National Housing launches ”Asala Al Jawan“ project to provide 600 units under construction in Riyadh

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Reading time: 2 MinutesThe National Housing Company (NHC) today launched the “Asala Al-Jawan” project in the Al-Jawan suburb of Riyadh —one of the major residential suburbs under the Housing Program—as part of the second phase of the Mersia project located in the northern suburbs of Riyadh. The National Housing Company is implementing the project as the lead developer in collaboration with private-sector sub-developers.“Asala Al-Jawan” offers 600 residential units currently under construction, consisting of villas … Read more

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