Month: October 2021

Less than two months to register citizens“ requests on the ”Ihkam" platform”

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Real Estate Applications - Riyadh - Real Estate

Reading time: < 1 MinuteLegal experts have confirmed that the deadline set by the “State Real Estate Authority” for citizens to register their applications on the “Ihkam” to prove ownership of their homes or farms, noting that only approximately 52 days remain—meaning the deadline expires on 5-5-1443 AH. The State Real Estate Authority, through its offices located throughout the Kingdom, is currently reviewing applications … Read more

“Green Saudi Arabia”: 10 billion trees to combat desertification and climate change

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Reading time: 2 MinutesThe ”Saudi Green Initiative” reaffirms, through its objectives, the Kingdom’s leading role and its efforts to bring about a qualitative shift—both domestically and regionally—in addressing climate change, with the aim of building a better future and improving the quality of life.Since the launch of Saudi Vision 2030 in 2016, the Kingdom has made active efforts to protect the environment and mitigate the effects of climate change. The Saudi Green Initiative Forum, to be hosted by Riyadh on … Read more

Crown Prince: 700 billion riyals in investments for the first phase of the “Saudi Green Initiative”

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Reading time: 2 MinutesHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Chairman of the Supreme Committee for Saudi Green—may God protect him— the first edition of the annual Saudi Green Initiative Forum in Riyadh, which is dedicated to launching new environmental initiatives for the Kingdom and monitoring the impact of previously announced initiatives, in order to achieve the goals of the Saudi Green Initiative. His Highness announced … Read more

Princess Reema bint Bandar: 30% of land in the Kingdom designated as protected areas to emphasize environmental protection

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Reading time: < 1 MinuteHer Highness Princess Rima bint Bandar said that the designation of 30% of land in the Kingdom as protected areas underscores the Kingdom’s relentless efforts to protect the environment, emphasizing that environmental protection and development go hand in hand, and receive equal attention. Her Highness made these remarks during her participation in the “Saudi Green Initiative” forum, which was opened by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz … Read more

“Ejar: Documented residential leases grow to more than two million contracts

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Rent

Reading time: 2 MinutesThe number of residential lease agreements registered on the electronic rental services network exceeded two million across all cities and regions of the Kingdom from the program’s inception through September 2021, due to improvements in the services provided by “Ejar” in partnership with real estate brokers, with the aim of protecting the rights of all parties and increasing the reliability of the real estate sector. In a press release, the “Ejar” program explained that the network is undergoing development … Read more

Royal Commission for Riyadh City: 346 billion riyals invested in sustainability strategy

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Reading time: 2 MinutesFahd bin Abdulmohsen bin Saleh Al-Rashid, CEO of the Royal Commission for Riyadh City, affirmed that the Riyadh Sustainability Strategy—launched today by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense —may God protect him—today, includes the launch of more than 68 ambitious sustainability initiatives across five sectors, namely: energy and climate change, quality … Read more

Crown Prince launches Riyadh's sustainability strategy on the sidelines of the Saudi Green Initiative Forum

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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 Al Saud, Crown Prince, Deputy Prime Minister, and Chairman of the Royal Commission for Riyadh City —may God protect him—launched the Riyadh Sustainability Strategy on the sidelines of the Saudi Green Initiative Forum, which began today in the capital, Riyadh, in the presence of a number of global thought leaders and experts in the field of sustainability. He explained … Read more

Learn about the Saudi Building Code violations and fines of up to half a million riyals

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Real Estate Financing

Reading time: 4 MinutesThe Minister of Commerce, who is also the Chairman of the Board of Directors of the Saudi Standards, Metrology, and Quality Organization, has decided to approve an amendment to the regulations governing the classification of violations of the Saudi Building Code. The most notable provisions are as follows: Article 2: Any violation of the requirements, system, or regulations of the Code shall be considered a violation requiring removal or correction, and the perpetrator shall be subject to the penalty determined by the Review Committee upon verification of the statutory requirements; and the imposition of … Read more

With fines of up to 50,000 riyals ... “Human Resources” adds 4 new penalties in the schedule of violations

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Ministry of Human Resources - Contracting

Reading time: < 1 MinuteThe Minister of Human Resources and Social Development, acting pursuant to the powers granted to him by law, approved the addition of paragraphs numbered (64, 65, 66, and 67) to the schedule of violations and corresponding penalties set forth in paragraph (1) of Section (I) of Ministerial Decision No. (178743).This decision shall be published in the Official Gazette and on the Ministry’s website, and shall take effect as of February 13, … Read more

U.S. home sales activity Rising prices exclude this category

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Reading time: < 1 MinuteU.S. home sales jumped to an eight-month high in September, but rising prices driven by a persistent shortage of supply are pushing first-time buyers out of the housing market. The National Association of Realtors said Thursday that existing home sales rose 7%—the largest increase in a year—to a seasonally adjusted annual rate of 6.29 … Read more

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