Reading time: < 1 MinutePrices for Brent crude, the global benchmark, stabilized near $84 per barrel in Asian trading on Tuesday, as investors assessed the energy crisis rocking global markets. U.S. crude futures in New York traded above $82 per barrel, near their highest level since 2014, after rising 2.5% over the past three sessions. Russia chose … Read more
Reading time: 2 MinutesNHC National Housing Company, the national developer, participated in the “GITEX Global 2021” exhibition, which is being held from October 17–21 in Dubai, United Arab Emirates. The exhibition is the largest of its kind in the Middle East and Africa and brings together leading organizations in technology and digital innovation from around the world. The company participated with three platforms, including “Baladi,” the portal … Read more
Reading time: < 1 MinuteThe Jeddah Provincial Secretariat, represented by the Buraiman Sub-Municipality, in cooperation with security authorities, removed illegal structures on government-owned land covering an area of 7,600 square meters, as part of the Secretariat’s efforts to curb unauthorized activities on roads and vacant lots and to eliminate violations and instances of visual and environmental pollution.The Secretariat explained that field teams began removing 11 structures erected without legal permits in the popular neighborhood of Buraiman … Read more
Reading time: < 1 MinuteThe Minister of Human Resources and Social Development, Eng. Ahmed bin Sulaiman Al-Rajhi, issued a decision mandating the localization of 11 business activities in Al-Baha Region, as part of the regional Saudization program being implemented in the region in partnership with the Emirate of Al-Baha and in line with the Ministry’s plans to provide more stimulating and productive job opportunities for the nation’s sons and daughters and to increase their participation in the labor market. The decision included the Saudization of … Read more
Reading time: 2 MinutesThe Minister of Municipal, Rural, and Housing Affairs approved the updated schedule of municipal violations and penalties, which aims to improve the quality of services, raise standards of cleanliness and public health in cities, and enhance transparency in the municipal sector. The ministry explained that the new amendments will help increase compliance rates, provide a suitable and fair environment for competition among commercial establishments, and reduce visual pollution. 9 groups … Read more
Reading time: < 1 MinuteThe General Authority for State Real Estate stated that it is working to achieve its vision of maximizing the effectiveness of state-owned real estate and achieving sustainable development through the adoption of 4 strategic objectives, 21 initiatives, and 14 performance indicators.It added that the strategic objectives are to establish and enforce a comprehensive and transparent regulatory framework for state-owned real estate, optimize its use, rationalize rental expenses, and divest government entities of their property holdings while applying efficiency standards … Read more
Reading time: < 1 MinutePrince Turki bin Talal bin Abdulaziz, Governor of the Asir Region and Chairman of the Region’s Development Authority, announced that Crown Prince Mohammed bin Salman bin Abdulaziz has approved the transfer of ownership of land belonging to the Ministry of Defense in southern Bisha Governorate, covering an area of 22.58 million square meters, to be designated as government land to fulfill the region’s strategic objectives. According to a post by the Emirate on its account … Read more
Reading time: < 1 MinuteTransportation Minister Saleh Al-Jasser said that the railway linking “Dammam–Jubail–Ras Al-Khair” is under construction, and he expects it to open before the middle of next year. In an interview with Al-Ikhbariya TV, Al-Jasser added that there is a plan for a rail network within the city of Jubail to connect the city’s large factories to the ports of Jubail and Dammam and to the national rail network. He explained that the land bridge, which consists of … Read more
Reading time: 3 MinutesA unique leap forward and a remarkable approach in the field of urban development and real estate investment: the building code ensures protection against earthquakes, fires, and natural disasters. Construction costs will rise following the implementation of the Saudi Building Code. Citizens will reap the benefits once the code is applied to all properties—one of the wise steps and sound measures that the Kingdom has pursued and implemented is the application of the Saudi Building Code for residential buildings, and that … Read more
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