Month: September 2021

Public Transport Authority launches its unified number to serve beneficiaries

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Reading time: < 1 MinuteThe General Authority for Transport has launched its toll-free number (19929) to serve the public, with the aim of making it easier for users to access services and improving their experience. Through this unified number, the General Authority for Transport provides several services that callers can access directly when dialing the number, including technical support for the Transport Portal, car rental services, the “Bayan” and “Wasel” services, maritime transport services, as well as … Read more

For the first time ... “Capital Market” The Capital Market is looking into the possibility of listing the first REIT that acquires state-owned real estate (Photos)

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Reading time: 2 MinutesMohammed bin Abdullah Al-Qweiz, Chairman of the Saudi Capital Market Authority (CMA), met today at the CMA headquarters with Ihsan bin Abbas Bafqih, Governor of the General Authority for State Property. During the meeting, the two sides discussed the possibility of listing the first real estate investment trust (REIT) to acquire government properties, as well as avenues for joint cooperation within the framework of integrating the roles of government sectors in light of Saudi Vision 2030, in a manner that achieves the objectives … Read more

“Commerce”: Chamber of Commerce elections are subject to strict oversight standards, and any violations will be addressed

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Reading time: < 1 MinuteThe Ministry of Commerce reaffirmed its commitment to monitoring the elections for the boards of directors of the chambers of commerce and to applying the highest standards of governance in the electoral process, in accordance with the Chambers of Commerce Law and its implementing regulations.The Ministry emphasized the importance of candidates for Chamber membership adhering to public order, societal values, and fair competition, as well as complying with regulations, bylaws, and instructions, and respecting the rights of other candidates, including refraining from interfering with their election campaigns.The Ministry stated … Read more

Sami Abdelaziz writes: Compound

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Reading time: < 1 MinuteDefinition of a gated community: A group of residential units in a specific location that is enclosed by walls and gates and features 24-hour security, with facilities and services that allow unit owners to meet their needs without having to leave the premises, The larger the compound’s area and the greater the number of residential units, the more it demonstrates the developer’s strength and ability to build a compound that includes most of what residents need… Read more

88 days and the application closes... Ehkam clarifies: We do not have jurisdiction over properties revived after this date

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Real Estate Housing Housing

Reading time: < 1 MinuteThe General Secretariat of the Committees for Reviewing Real Estate Ownership Applications (Ihkam) is preparing to close the application window for real estate ownership in cities and provinces in 88 days. It confirmed that the review committees are responsible for property ownership applications for properties registered prior to the prohibition order issued on 9/11/1387 AH. It noted that properties registered after this date do not fall within the jurisdiction of the review committees. The Secretariat stated in its response … Read more

Learn about the most important amendments to the organization of the Public Authority for Real Estate“

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Public Authority for Real Estate - Real Estate Announcement

Reading time: 2 MinutesThe Council of Ministers approved a number of amendments regarding the regulation of the General Real Estate Authority in its decision issued on 23-1-1443 AH. The newspaper “Umm al-Qura” published the amendments, which affected 14 paragraphs, as follows: 1- Amendment to Article (3) to read as follows: «The primary purpose of the Authority is the registration of real estate in the Kingdom and the regulation and supervision of non-governmental real estate activities … Read more

After a months-long hiatus, commercial establishments are allowed to use advertisers and field coverage

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Reading time: < 1 MinuteThe Ministry of Commerce announced that it is allowing commercial establishments to advertise and hire advertisers to cover events and occasions, emphasizing that oversight will continue and that responsibility lies with the commercial establishment. Regulatory penalties and immediate fines will be imposed on violators, with an emphasis on the need to adhere to precautionary measures, at a time when entry to commercial establishments and malls is restricted to those who have been vaccinated. It clarified that this decision … Read more

Video... Specialist: 8 key points to check to ensure the safety of the housing unit

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Villas Financing Housing Projects - Real Estate Finance

Reading time: < 1 MinuteAmr Al-Hamrani, a specialist in consumer awareness and protection in the construction sector, explained that prefabricated buildings represent a new concept in Saudi society, particularly the practice of inspecting a home after construction is complete, He emphasized the need to verify eight essential points that must be inspected and confirmed as safe before purchasing or renting a residential unit, so that the occupant does not encounter problems in the future. Al-Hamrani noted … Read more

The market value of foreign shares in the Saudi market jumps to 295 billion riyals

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Reading time: < 1 MinuteThe value of shares held by foreign investors on the Saudi stock market “Tadawul” rose during the week ending September 9, compared to the previous week. Tadawul’s weekly report, released today, Sunday, revealed that the market value of shares held by foreign investors on the main market, TASI, rose by 2.22 billion riyals during the week. The value of foreign investors” holdings in the Saudi stock market reached … Read more

“Municipality and Housing” discusses 3D printing with U.S. companies

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3D Printing

Reading time: < 1 MinuteHis Royal Highness Prince Saud bin Talal bin Badr, Deputy Minister of Municipal, Rural Affairs, and Housing for Customer Experience and Customer Services and General Supervisor of the General Directorate of Partnerships and International Cooperation, a virtual meeting with a number of experts in the field of 3D printing from American companies, in the presence of the CEO of the National Housing Company, Engineer Mohammed bin Saleh Al-Bati. His Royal Highness reviewed the efforts … Read more

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