Month: November 2021

Sami Abdulaziz writes in his real estate jargon column about: Capital construction

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteBridges are considered one of the best solutions offered by civil engineers to facilitate traffic flow and alleviate street congestion. Bridges are also essential for connecting the two sides of a waterway. If you want to build a bridge, you need to familiarize yourself with these terms (rails – arch shapes – steel frames – suspension methods), as all bridges are constructed by combining these components… Read more

More than 500 residential units currently under construction are now available for immediate reservation in Jeddah

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The Mila Project in Jeddah

Reading time: < 1 MinuteThe “Sakani” program has made more than 500 additional housing units available for reservation as part of the program’s projects currently under construction in partnership with the private sector in the Jeddah Governorate, These units are an extension of more than 68,000 units of various sizes and designs across 25 projects in the province. The program noted that units and their locations can be viewed via the “Sakani” website and app through a few simple online steps … Read more

Tabuk inaugurates the largest solar panel factory in the Middle East

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Solar Energy in Abu Dhabi

Reading time: < 1 MinuteWith an investment of 700 million riyals, the largest solar panel manufacturing plant in the Middle East and North Africa was inaugurated yesterday in the presence of His Excellency the Deputy Minister of Industry and Mineral Resources, Engineer Osama bin Abdulaziz Al-Zamil, as the first phase of production commenced at the industrial city in the Tabuk region. During the inauguration, His Excellency the Deputy Minister of Industry and Mineral Resources emphasized that this … Read more

SEDCO Capital REIT launches new real estate units to increase assets

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Trading-min

Reading time: < 1 MinuteThe Capital Market Authority announced its decision approving the request submitted by the Saudi Company for Economy and Development Securities (the “Fund Manager”) to increase the total asset value of (SADCO Capital REIT) by offering additional units to acquire new real estate assets, as the Fund Manager’s request met the regulatory disclosure requirements in accordance with the Real Estate Investment Funds Regulations. The Fund Manager will … Read more

December 4 is the date for all taxpayers to implement the first phase of e-invoicing

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Electronic invoicing

Reading time: 2 MinutesThe Zakat, Tax, and Customs Authority has reiterated the importance of complying with the new tax system through three steps: using an invoicing system that meets the Authority’s requirements, issuing and retaining electronic invoices, and refraining from issuing handwritten invoices or those created using word processing software and scanned copies. Requirements for the First Phase The Authority noted that December 4 is the date by which all taxpayers are required to implement … Read more

The Crown Prince announced a unique industrial complex... Seven major industrial sectors in the “Oksajon” Industrial City in Niom

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The City of Axgown in Neom

Reading time: 3 MinutesThe NEOM industrial city “Oxagone,” announced yesterday by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Chairman of the Board of Directors of NEOM, aims to establish a true circular economy with a collaborative environment built on research and innovation, The city will foster an ecosystem of education, research, and innovation to compete with existing global hubs, and the industrial city is being developed in a distinctive manner, … Read more

Ministry of Justice Launches Pilot Version of Real Estate Exchange

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Real estate stock exchange

Reading time: < 1 MinuteThe Minister of Justice today launched the pilot version of the “Real Estate Exchange,” which will operate similarly to financial markets, allowing real estate ownership to be traded through an integrated digital exchange and platform; ensuring the accuracy of information, the reliability of the instruments traded, and the speed of transactions. The Real Estate Exchange offers its services to all users, including companies and individuals. Minister of Justice Walid bin Mohammed Al-Samaani explained in a previous statement, … Read more

Enforcement Center offers 12 real estate investment opportunities in the north of the Kingdom

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Real estate auctions

Reading time: < 1 MinuteThe Support and Liquidation Center has completed preparations to offer 12 real estate investment opportunities through five electronic public auctions from November 21 to 24, The auctions will feature commercial and residential land, villas, apartment buildings, traditional houses, and rest houses in 8 different cities and provinces in northern Saudi Arabia. The auctions will begin with the Northern Saudi Arabia Auction (1), which features 5 opportunities … Read more

Majid Al-Hogail: We are encouraging real estate developers to overcome the obstacles facing large-scale projects... Subsidized financing and increasing supply are the most important strategies

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_ Majid Al-Hagil jpg

Reading time: 4 MinutesMinister of Municipal, Rural Affairs, and Housing Majed Al-Hogail confirmed that 16 government agencies are collaborating with the Ministry of Housing to develop and review regulations and legislation to make the sector more attractive, In a previous interview with the “Socrates Podcast,” Al-Hogail highlighted four factors influencing the housing sector in the Kingdom: supply, demand, regulations and legislation, and finally, transparency and ease of dealing with the housing sector, emphasizing … Read more

Al Rajhi Bank Finances Real Estate Development Projects in “Al Diyar Al Arabiya”

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Al Rajhi Bank

Reading time: < 1 MinuteAl Rajhi Bank has strengthened its partnership with the real estate development financing sector by signing a cooperation agreement with Al Diyar Arab Real Estate Development Company, This agreement builds on the existing partnership between the two parties and aims to provide real estate products to Al Rajhi Bank customers and finance residential projects developed by Al Diyar Arab Real Estate Development Company, particularly in light of the company’s expansion plans and new projects, as Al Diyar Arab Real Estate Development Company is considered … Read more

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