Month: October 2021

“Itqan Real Estate begins its marketing campaign to sell Al-Munsiyah land east of Riyadh

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Mastery - Al-Munsiyah Land

Reading time: < 1 MinuteItqan Real Estate has launched its marketing campaign for the sale of Al-Munsiya land, which is considered a unique investment opportunity in the northeastern part of the capital, Riyadh, for investors and developers, The total area of the land is estimated at 30,839.28 square meters, and it is located on Al-Thumama Road across from Al-Farida Hall. It comprises 18 commercial and residential plots of varying sizes, with a clean electronic title free of any encumbrances or obstacles. Al-Munsiyah Land is distinguished by its strategic location … Read more

Here are the details... “White Lands” announces the development of 6 lands by their owners in Riyadh

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Reading time: 2 MinutesThe “White Lands” program announced the completion of the development of six plots of land in Riyadh—subject to fees paid by their owners—covering a total area of more than 1.5 million square meters, as part of the program’s objectives to support supply and achieve market balance. In a press release issued today, the program explained that the land provides for approximately 3,000 residential lots in the city of Riyadh, noting … Read more

Ministry of Industry: Plan to digitize 400 factories within 5 years

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Reading time: < 1 MinuteMinister of Industry and Mineral Resources Bandar Al-Khuraif said that his ministry has a plan to transition 4,000 factories from heavy reliance on expatriate labor to digital automation within five years. In previous remarks, Al-Khuraif said that the ministry is seeking to build an industrial environment that is conducive to small and medium-sized enterprises, noting that small and medium-sized factories accounted for more than 80% of the total … Read more

In just 3 steps ... Learn about the mechanism of approving the property manager's decisions in Mulak Association (Infographic)

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Steps to apply for the Residential Program

Reading time: < 1 MinuteThe Malak program outlines the mechanism for approving decisions made by the property manager, whereby such decisions are approved in accordance with the mechanism adopted by the General Real Estate Authority. This process consists of three steps: (receiving the decision from the call center and submitting it to the program; approval of the decision by the General Real Estate Authority; and forwarding the approved decision from the director to the enforcement court). “Malak” provides services and support to associations in all cities … Read more

“ForUs” portal introduces competition procedures in 17 major and diverse economic activities

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Opportunities Portal offers 6000 thousand opportunities

Reading time: < 1 MinuteMajid Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, confirmed that the fourth version of the municipal investment portal “Fursat,” launched by the ministry last Sunday, includes public tender procedures, such as electronic contract signing across 17 major and diverse economic sectors, and enables investors to submit investment proposals, as well as temporary leasing services with contracts of up to 3 months for 7 targeted types of municipal real estate, … Read more

Fourth edition of Forooz portal offers benefits and facilities for municipal investments

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Fourth edition of Opportunity 2

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing has enhanced the investment process in the municipal sector by launching the fourth version of the “Furs” municipal investment portal, which features automated procedures for investors and provides comprehensive information on investment opportunities available through municipal authorities. The new version of the «Furs» portal adds unique and enhanced features, as well as updates to streamline investment procedures and standardize requirements across all municipal authorities and municipalities to facilitate access to opportunities … Read more

Learn about the initiatives announced by the Crown Prince at the Middle East Green Summit

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Reading time: 3 MinutesHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister, today opened the «Middle East Green Initiative» summit in the capital, Riyadh, with broad international participation led by heads of state, national leaders, and global decision-makers, to chart a regional roadmap for preserving life and improving its quality—an initiative spearheaded by the Kingdom of Saudi Arabia to make a global difference in nature conservation … Read more

With trades amounting to (6.1) billion riyals ... The index of the Saudi stock market closed higher

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Public Investment Fund Earnings - REITs

Reading time: < 1 MinuteThe main Saudi stock index closed today up 41.79 points at 11,889.84 points, with trading volume totaling 6.1 billion riyals.According to the Saudi Press Agency’s daily economic bulletin on the Saudi stock market, the volume of shares traded — 178 million shares, spread across more than 270,000 transactions, with the shares of 103 companies rising in value, while the shares of … Read more

“Tsaawi” Signs Agreement with “Daleel Real Estate” to Develop Infrastructure for a Project in Al-Khobar

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Equal company

Reading time: < 1 Minute“Tsaawi,” a company specializing in the development of comprehensive infrastructure, announced that it has signed an agreement with “Daleel Real Estate” to develop the infrastructure for Plot No. 876, located in the Al-Aziziyah neighborhood of Al-Khobar, The company stated that it is currently conducting the necessary studies and obtaining the required permits and approvals from the relevant authorities. “Tsaawi” clarified that the infrastructure development includes land grading, road construction, and paving … Read more

Zakat Commission : 40 days left to implement the first phase of e-invoicing (Fatihra)

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax, and Customs Authority has called on taxpayers subject to the electronic invoicing regulations to expedite the necessary preparations to bring their facilities into compliance with the requirements of the first phase, for which there are 40 days remaining, as the regulations will take effect on December 4, 2021. The Authority clarified that compliance with the first phase of electronic invoicing requires a complete cessation of the use of handwritten invoices or computer-generated invoices … Read more

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