Month: September 2021

5.7 billion dollars in e-commerce transactions in Saudi Arabia in a year

by

Reading time: 2 MinutesA report by the Riyadh Chamber revealed that the volume of e-commerce transactions in the Kingdom reached $5.7 billion in 2020, following significant growth in the sector since its emergence in 2001, which led Saudi Arabia to become one of the world’s largest markets in 2019 due to the pandemic.The Riyadh Chamber, represented by the Business Support Sector Observatory, issued a report on the state of e-commerce in the Kingdom, … Read more

Government committee offers 12 incentives for companies to list on the Saudi capital market

by

Reading time: 2 MinutesThe Council of Saudi Chambers, together with government and private-sector entities, is leading intensive efforts to encourage private-sector companies to list on the Saudi stock market, thereby contributing to increased transparency, and enhance government effectiveness, thereby supporting the sustainability and profitability of companies, cementing the Saudi financial market’s position as an advanced, technologically sophisticated, and leading market among emerging markets, and strengthening its contribution to the national economy. In this regard… Read more

“Municipality and Housing” signs an agreement to provide credit assessment services to organizations applying for a rating certificate

by

Reading time: < 1 MinuteYesterday, the Ministry of Municipal, Rural Affairs, and Housing signed an agreement with Fitch Ratings to provide credit rating services to entities applying for a rating certificate from the City Operators Regulatory Agency, in the presence of His Excellency the Deputy Minister of Municipal, Rural Affairs, and Housing for the Housing and Urban Development Sector, Engineer Abdullah bin Mohammed Al-Badeer. This agreement signed between the Ministry and Fitch comes in order to … Read more

“Al Souda Development signs a memorandum of cooperation to use ecological building materials according to modern technologies

by

Reading time: < 1 MinuteAl-Soudah Development Company—a subsidiary of the Public Investment Fund—has signed a memorandum of cooperation with the Saudi Geological Survey, with the aim of promoting green building, promote the use of eco-friendly building materials in line with modern technologies, and study the properties of stones for their reuse in the restoration of buildings and development projects within the scope of the Al-Soudah Development Project and parts of Rijal Al-Ma’a. The CEO of Al-Soudah Development Company explained … Read more

“Al-Sharqiyah” Discusses the Latest Developments, Updates, and Challenges Facing the Implementation of the Saudi Building Code

by

Reading time: < 1 MinuteThe Eastern Province Secretariat organized a workshop today at its headquarters titled ”Objectives and Challenges of Implementing the Saudi Building Code,” which highlighted the challenges facing the implementation of the Saudi Building Code as well as the latest developments and updates regarding it.During the workshop, His Excellency Fahd Al-Jubeir, Secretary of the Eastern Province, emphasized the importance of the Building Code and the need to follow the latest methods and technologies in its implementation, referring to the Saudi Building Code, its regulations, requirements, and mechanisms, … Read more

Saudi Arabia's stock market closes at 11407.91 points

by

Reading time: < 1 MinuteThe main Saudi stock index closed up 71.99 points today, ending at 11,407.91 points, with trading volume reaching 7.4 billion riyals. More than 190 million shares were traded across over 300,000 transactions, with shares of 121 companies rising in value, while shares of 67 companies closed lower. Shares of Sadr, Al-Ahli … Read more

Meet the “50 Projects”... How will the UAE attract talent to boost its economy?

by

Reading time: 2 MinutesAs part of the “50 Projects” initiative, the UAE government announced on Sunday a new residency track in the country as part of updates to the Residency Law, along with a package of improvement measures. The updates included the “Green Residency” system, which separates the residency permit from the work permit, so that residency is tied to the individual or employee rather than the company. It targets highly skilled professionals, investors, entrepreneurs, top students, and graduates, … Read more

Abdulaziz Al-Issa writes: The Real Estate Landscape: Action and Reaction

by

Reading time: 2 MinutesIn recent months, the real estate sector has seen significant momentum toward governance, regulation, and internal restructuring, as authorities seek to empower and ensure the sector’s sustainability, enhance its transparency, and efficiency, and to better serve its partners, thereby making the sector dynamic and attractive, and characterized by trust, credibility, and innovation. For example, the Cabinet issued a decision granting the General Real Estate Authority … Read more

Purchasing managers: Saudi Arabia's non-oil economy expanded strongly in August

by

Reading time: < 1 MinuteData from the August Purchasing Managers’ Index (PMI) survey showed strong expansion in the Saudi non-oil economy, though growth slowed from July as production expanded at the weakest pace in ten months, and new orders also rose at a slower pace due to a weaker recovery in export demand. IHS Markit, the publisher of the PMI, stated in … Read more

“White Lands”: 13 days until the deadline for registering Tabuk lands expires“

by
White land

Reading time: < 1 MinuteThe “Unregistered Land” program announced that the statutory deadline for registering unregistered land located within the geographical boundaries of the city of Tabuk is nearing its end, This comes nearly six months (since March 2021) after the announcement of the implementation of the first phase of land fees in Tabuk, with 13 days remaining until the registration deadline. The program clarified that this announcement aims to remind landowners … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.