Month: October 2021

A Strategy for Reducing Costs in the Cement Industry

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Reading time: < 1 MinuteThe National Cement Industry Committee of the Federation of Chambers of Commerce affirmed its commitment to reducing costs in the cement industry, promoting quality, and mitigating risks, noting that its strategic vision aims to achieve national economic development, serving the Kingdom’s interests locally, regionally, and globally. It also highlighted the importance of exchanging views and expertise on matters related to the cement industry and technology, quality, the environment, energy, performance improvement, and resource development programs… Read more

“Transport Authority”: Full seating capacity permitted on intercity trains, buses, and ferries

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Reading time: < 1 MinuteThe General Authority for Transport confirmed that, in coordination with the relevant authorities, licensed companies have been permitted to utilize full seating capacity on intercity trains and buses, as well as on ferries between Jazan and Farsan. The Authority stated that the decision to allow this is contingent upon passengers having received two doses of vaccines approved by the Ministry of Health, with the exception of those exempt from vaccination as indicated in … Read more

Kuwait ... real estate transactions in some sectors return to before “Corona”

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Reading time: 4 MinutesA report issued by the Kuwait Finance House (KFH) stated that the value of real estate transactions during the month of July reached 407 million dinars, compared to 413 million in June 2021. The rise in investment property transactions and significant demand for premium properties overlooking the coastline contributed to the stabilization of transactions and their return to pre-crisis levels, as evidenced by the recovery of transactions in … Read more

Learn about the new amendment to the bidding system... and the elimination of the requirement to receive the instrument for enforcement

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Ministry of Justice - Foreclosure

Reading time: < 1 MinuteThe Ministry of Justice has decided to delete one of the paragraphs of the Enforcement Regulations, so that the text now reads: «Where it is not possible to obtain the original real estate deed to verify its validity, and its validity for reliance or endorsement, the enforcement judge shall order the issuance of a copy of the real estate deed registry to complete the enforcement procedures, and that copy shall become the certified deed.» The Ministry justified the deletion by stating that the regulation of such matters falls within the jurisdiction of the Notarization System … Read more

Central Bank: Saudi residents spent more than 9 billion riyals in a week

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Reading time: < 1 MinuteThe Saudi Central Bank announced on Tuesday the Kingdom’s consumer spending figures for the past week, specifically for the period from October 3 to 9. It stated that last week saw spending of more than 9 billion riyals across 113 million transactions, a decrease of 17.1% in transaction value and 5.11% in transaction volume compared to the previous week. Consumers spent on food and beverages … Read more

“Enforcement” Oversees Auction Offering 24 Real Estate and Investment Opportunities in Jeddah

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Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaaz” has announced that the “Jeddah Wealth Auction” will be held on Monday and Tuesday, October 18–19, in Jeddah at the Hilton Hotel at 4:00 p.m.During the auction, 24 real estate and investment opportunities will be offered, consisting of a range of land parcels and villas, commercial and residential properties, a warehouse, and a car showroom, located in a number of neighborhoods… Read more

“Wafi hands Roshan the off-plan sales license for Sidra project in Riyadh

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Sidra Residential Project Roshan

Reading time: < 1 MinuteThe Off-Plan Sales and Leasing Committee (Wafi) today issued an off-plan sales license to Roshen Real Estate, the national real estate developer of integrated residential neighborhoods, to conduct off-plan sales for its first residential project, “Al-Sadrah District” in Riyadh, in the presence of His Excellency the Deputy Minister of Municipal, Rural Affairs, and Housing, Engineer Abdullah bin Mohammed Al-Badeer. The license was handed over at the Ministry’s headquarters by the Committee Chairman … Read more

A national strategy targeting environment, quality and alternative energy to promote the cement industry

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Building materials

Reading time: < 1 MinuteThe National Committee for the Cement Industry at the Council of Saudi Chambers has stated that its strategic vision is to develop the industry in order to achieve national economic growth that serves the Kingdom’s interests locally, regionally, and globally, aiming to serve as a platform for cooperation at the national level, and as a forum for exchanging views and expertise on matters related to the cement industry and technology, quality, the environment, energy, performance improvement, and human resource development programs, through … Read more

S&P: Dubai's real estate recovery is fragile and unstable

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Reading time: < 1 MinuteStandard & Poor’s Ratings Services said that real estate prices in Dubai have clearly rebounded from the record low reached at the end of 2020, but demand remains volatile, and the abundance of residential property supply will put pressure on prices in the long term, making the recovery fragile. CBRE Group had said that average prices … Read more

“Binaa” Provides 1,000 Housing Units for Orphaned Families in the Eastern Province (Video)

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Reading time: 2 MinutesIn the presence of His Royal Highness Prince Turki bin Mohammed bin Fahd, Minister of State, Member of the Council of Ministers, and Chairman of the Board of Directors of the Binaa Association for Orphan Care in the Eastern Province, and His Excellency Mr. Majid Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, the Ministry of Municipal, Rural Affairs, and Housing signed an agreement with both the Private Development Housing Foundation «Sakan» and the Charitable Society for the Care of Orphans in the Eastern Province (Bina), … Read more

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