Month: October 2021

“Municipal Affairs” launches a set of improvements to the “Commercial License System”

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Ministry of Municipal and Rural Affairs and Housing

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing announced the launch of a set of improvements to the Commercial Licensing System, which contribute to improving the procedures for implementing commercial license applications. According to a statement issued by the ministry - a copy of which was obtained by Amlak - the updates are summarized as follows: Resolving an issue: Error message “Visit date must be entered”. Resolving an issue: Unable to transfer ... Read more

“Real Estate Authority” Receives Venture Capital Entrepreneurs

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Public Authority for Real Estate

Reading time: < 1 MinuteThe General Authority for Real Estate received today at its headquarters the pioneers of venture investment to discuss a number of opportunities for cooperation and investment, raise the quality of real estate services, improve them and enhance the partnership between the government sector and the private sector to enhance the field of innovation in the real estate sector.The meeting discussed partnership and investment opportunities in the real estate sector and real estate services between the Authority and leading technical companies; to achieve the vision and objectives of the Authority; ... Read more

Morgan Stanley raises its rating on China's real estate market

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Reading time: < 1 MinuteMorgan Stanley raised its rating on China's real estate sector to «attractive» as it sees the potential for easing measures currently in place, Bloomberg reports. The bank said in a note cited by Bloomberg: «We believe the tipping point for the sector in China is approaching, and real estate stocks will react to the easing policy that now seems likely.» China has adopted ... Read more

Jadwa REIT raises SAR 1.6 billion to raise 7 times the target cash offering amount to increase asset value

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Reading time: < 1 MinuteJadwa Investment Company, as the manager of Jadwa REIT Saudi Arabia, announced the successful completion of the cash subscription process to increase the total value of the fund's assets, which ended on Rabi'I 1, corresponding to October 7, with total applications amounting to SAR 1.635 billion against the target cash offering amount of SAR 229.05 million (after deducting the in-kind subscription and the fund manager's subscription from the ... Read more

Nayef Atawi writes: Smart Cities. For a better tomorrow

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Reading time: 2 MinutesToday, we are witnessing the launch of initiatives and programs that contribute to a promising digital and technological future for the Kingdom, and we are excited to work and collaborate to transform towards smart cities for a better tomorrow. “Digital Cities”, ”Eco-Cities” - “Smart Cities“ are different names for the digital transformation of cities, all of which are forward-looking in terms of the economic and social future, and their purpose is to provide a digital environment that is environmentally friendly and stimulates learning ... Read more

Crown Prince launches National Investment Strategy 27 trillion riyals to be injected by 2030

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Mohammed bin Salman Eighth Anniversary of the Pledge of Allegiance

Reading time: 3 MinutesHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs, launched today the National Investment Strategy, which is one of the key enablers to achieve the targets of the Kingdom's Vision 2030.The National Investment Strategy is one of the key enablers to achieve the targets of the Kingdom's Vision 2030, which was outlined by His Highness the Crown Prince, ... Read more

“Evaluate” directs holders of “temporary basic” to expedite completion of associate's degree requirements

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Saudi Residents Authority - 200 Training Courses

Reading time: < 1 MinuteThe Saudi Commission for Accredited Valuers (Taqeem) called on all its members who hold a temporary basic membership category in all branches of valuation to expedite the completion of the requirements for obtaining the Commission's Fellowship Certificate and obtaining the membership category of “Fellow Basic Member” before the expiration of this period on 17/1/1444 H corresponding to 15/8/2022 G. The Commission explained that this call came in reference to the provisions contained in Article (40) of the ... Read more

“Real Estate Authority discusses partnership with venture capitalists

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Reading time: < 1 MinuteThe General Authority for Real Estate received today at its headquarters the pioneers of venture investment to discuss a number of opportunities for cooperation and investment, raise the quality of real estate services, improve them and enhance the partnership between the government sector and the private sector to enhance the field of innovation in the real estate sector.The meeting discussed partnership and investment opportunities in the real estate sector and real estate services between the Authority and leading technical companies; to achieve the vision and objectives of the Authority; ... Read more

Germany. Half of households in major cities pay 30% of their income for rent

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Reading time: < 1 MinuteAbout half of households in Germany's major cities pay more than 30 percent of their income on rent, and a quarter of households pay at least 40 percent of their income on rent, said Verena Bentele, head of the German social association VDK. She called on the government to set framework conditions for housing, electricity, heating and food. Read more

Under the patronage of the Minister of Transportation. Saudi Road Code Project Launched“

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Reading time: < 1 MinuteSaudi Minister of Transport and Logistics Engineer Saleh bin Nasser Al-Jasser today sponsored the signing of the contract for the Saudi Road Code Project, one of the projects of the initiative to improve the life cycle cost and performance of roads within the programs of Saudi Vision 2030, in the presence of a number of ministers and senior officials of the entities involved in the preparation and development of the code. The project aims to be a technical reference for the responsible authorities ... Read more

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