Month: November 2021

Riyadh Chamber plans to organize meetings with outstanding SME owners

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Riyadh Chamber

Reading time: < 1 MinuteThe Riyadh Chamber of Commerce and Industry plans to organize special meetings with outstanding suppliers who are owners of small and medium-sized enterprises, in coordination and cooperation with the Human Resources Development Fund (Hadaf) and in accordance with the memorandum of cooperation signed between the two parties.  The memorandum stipulates participation in the evaluation of outstanding SME suppliers who have taken advantage of opportunities offered by the Chamber, as well as the organization of special meetings on the “Fursah” platform, … Read more

Editor-in-Chief Abdulaziz Alissa writes: The Stock Exchange. And real estate security

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Reading time: < 1 MinuteThe Director of Real Estate Assets at the Ministry of Justice summarized the concept of the real estate exchange as a “large-scale virtual notary office.” With this concise definition, we can say that the Ministry of Justice has leveraged science and vast technical capabilities to improve operations across all its facilities as part of the digital transformation journey aimed at enhancing life and its quality in various economic sectors. It is no secret that … Read more

It launched its new brand identity and headquarters… «Itqan Real Estate» releases a report titled «91 Years in the Kingdom: Real Estate on the Rise»

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Mastering Identity Advertising

Reading time: 2 MinutesLast week, Itqan Real Estate held a ceremony to launch its new brand identity and headquarters, coinciding with the 15th anniversary of its founding, attended by a large gathering of investors, businesspeople, real estate professionals, and members of the press and media. Itqan had previously released a report titled «91 Years in the Kingdom: Real Estate on the Rise,» which consists of 42 pages, each addressing… Read more

The number of investment licenses during the second quarter rose to 575 new licenses

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Investment

Reading time: 2 MinutesThe “Summer 2021” investment summary report released by the Ministry of Investment highlighted a rise in the number of investment licenses issued in the second quarter of 2021, with approximately 575 new licenses issued, Joint ventures with Saudi companies accounted for the largest share of licenses in the second quarter of the year, receiving 461 of the total new licenses, leading to growth … Read more

The Real Estate Unit Classification Program Outlines the Development of the “Common Areas Document”

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Sorting real estate units

Reading time: 2 MinutesThe Real Estate Unit Classification Program has revealed the key features of the development of the “Common Areas Document,” aimed at enhancing transparency and ensuring a higher level of protection for owners’ rights within shared real estate complexes. The document aims to regulate the real estate sector and incentivize its participants by standardizing procedures across all regions of the Kingdom in accordance with a technical guide for real estate classification, thereby ensuring the equitable distribution of common facilities and increasing the percentage of home ownership among Saudi families … Read more

“Itqan Real Estate” Marks Its 15th Anniversary by Releasing Report No. 91: “The Kingdom and the Real Estate Sector Are Growing”... and Tracks the Real Estate Boom Through the Numbers

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Itqan Real Estate Company Report 2

Reading time: < 1 MinuteItqan Real Estate has completed the publication of its “91” Years in the Kingdom and the Real Estate Sector in Growth, which coincides with the 15th anniversary of the company’s founding. The publication contains 42 chapters, each addressing the significant transformation the Kingdom’s real estate market has undergone since its establishment by the Founding King —may God have mercy on him—to this auspicious and eventful era… Read more

Industrial Development Program and Riyad Bank 6 billion riyals allocated for the “Finance to Manufacture” and ”Invest to Manufacture” initiatives”

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Riyad Bank and the Industrial Development Program

Reading time: < 1 MinuteThe National Industrial Development and Logistics Program (NIDLP) and Riyad Bank have allocated six billion riyals to the “We Finance to Manufacture” and “We Invest to Manufacture,” worth six billion riyals. The two initiatives are being held under the patronage and in the presence of Bandar Al-Khorayef, Minister of Industry and Mineral Resources and Chairman of the Program, and Engineer Abdullah bin Mohammed Al-Issa, Chairman of the Board of Directors of Riyad Bank. The first initiative, ”We Finance to Manufacture,” aims to finance the localization of 50 … Read more

December 7 is the deadline for registering unregistered land in Al-Ahsa Governorate

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Al-Ahsa

Reading time: < 1 MinuteThe “Unregistered Land” program has set December 7 as the deadline for registering unregistered land located within the geographical boundaries of Al-Ahsa Governorate, following the announcement last June of the start of the first phase of land fees in Al-Ahsa. The program clarified that this announcement aims to inform owners of unregistered land subject to the system in Al-Ahsa … Read more

Ministry of Commerce: Work is underway to develop commercial registration deletion procedures

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Ministry of Commerce - Commercial Register

Reading time: < 1 MinuteThe Ministry of Commerce confirmed that work is underway to streamline the procedures for canceling commercial registrations and terminating business activities by linking and integrating all relevant government agencies and facilitating verification, thereby ensuring that cancellations are processed quickly and reducing the time required for the process. It emphasized its commitment to serving the business sector with ease, convenience, and speed. The Ministry clarified that commercial registration cancellation procedures involve several government agencies, including: … Read more

The Support and Liquidation Center is offering 815 investment opportunities in real estate and movable property across six public auctions

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Real estate auctions

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaz” is offering approximately 815 investment opportunities in real estate and movable property through six public auctions to be held from November 25 to 31 in cities and provinces across the Kingdom. The opportunities include commercial, residential, and agricultural land; villas; buildings; traditional houses; and various movable assets, such as industrial machinery and equipment for a bitumen plant… Read more

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