Month: November 2021

Al-Ahsa Municipality offers 80 investment opportunities to investors during the third quarter

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Al-Ahsa

Reading time: < 1 MinuteThe number of investment opportunities for commercial activities posted by the Al-Ahsa Municipality on the “Fursat” portal during the third quarter reached approximately 49 out of a total of 80 investment projects, while industrial opportunities numbered 27, and 4 sites for financial activities. Al-Ahsa Secretary Engineer Essam bin Abdul-Latif Al-Mulla explained that the procedural mechanisms for investment opportunities are an extension of the objectives of the Ministry of Affairs … Read more

“Cityscape” is hosting virtual investor summits and digital networking events today

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Cityscape

Reading time: < 1 MinuteThe innovative new edition of Cityscape 2021 will host a series of virtual investor summits, webinars, and digital networking events, which will be held before and after the launch of the exhibition’s 20th edition, at its new location at the Dubai Exhibition Centre in the Expo 2020 Dubai area from November 7–11, as the global event brings Dubai’s real estate ecosystem into the digital realm. Chris said… Read more

Saudi Reinsurance Company wins eighth Middle East Insurance Award

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Reinsurance Company

Reading time: < 1 MinuteThe Saudi Reinsurance Company (“Eada”) won the “Reinsurer of the Year” award at the 8th Middle East Insurance Awards 2021, which was held virtually in Dubai. The judging panel noted that despite the unprecedented market challenges caused by the COVID-19 pandemic, Saudi Reinsurance Company (I’ada) succeeded in maintaining its growth in … Read more

Dr. Abdullah Al-Kharmani writes about: The Development of Housing in the Kingdom in Recent Years

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_ Al-Kharmani's Article: Achievements in the Housing Sector

Reading time: 3 MinutesSaudi Vision 2030 represents the broader horizon and the ideal model through which the Kingdom seeks to bring about every form of development and progress for the Kingdom, its citizens, and its expatriates alike. One of the sectors targeted by this bright vision, and planned for with strategic foresight and creativity, is the housing sector—a sector considered a cornerstone of the Kingdom’s vision… Read more

400 small and medium-sized businesses benefit from 6 services under the “Tamouh Program”

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Monsha'at - Small and Medium Enterprises

Reading time: < 1 MinuteThe Small and Medium Enterprises Authority (Monsha'at) revealed that “the number of enterprises enrolled in the Tamouh program has exceeded 400 high-growth enterprises,” The Authority explained that there are currently six services offered through the program, and that a number of services will be launched in several phases, reaching a total of 20 services over the next year, noting that more than 30 service providers have been qualified to deliver these services … Read more

Future of Real Estate Forum to discuss industry regulation in February

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Future of Real Estate Forum

Reading time: 2 MinutesHis Excellency Majed bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, is sponsoring the Future of Real Estate Forum, which will be held from February 22 to 24, 2022, at The Ritz-Carlton Hotel in Riyadh, with the participation of a select group of local and international speakers, as well as a number of local and international organizations and bodies involved in the real estate development, housing, and smart cities sectors, in order to… Read more

Utilizing modern construction methods, the “Al-Mashriqia” project in Riyadh is delivering 3,701 residential units across six diverse designs

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Al-Mashriqia 2 Project

Reading time: 2 MinutesAbdullah bin Mohammed Al-Badeer, Deputy Minister of Municipal, Rural Affairs, and Housing, emphasized that national factories specializing in modern construction methods contribute to boosting the development of the Saudi construction sector and the shift from traditional to modern construction, thereby accelerating the pace of residential project implementation in less time and atcompetitive costs. He made these remarks during a meeting with the Deputy Minister of Industry and Mineral Resources, Engineer Osama bin … Read more

Financial penalties, correction and removal of violations are the main provisions of the Saudi Building Code violations classification regulation

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Modifying Building Code Violations

Reading time: 3 MinutesDr. Majid Al-Qasabi, Minister of Commerce and Chairman of the Board of Directors of the Saudi Standards, Metrology and Quality Organization (SASO), approved an amendment to the regulations classifying violations of the Saudi Building Code, which aims to establish minimum requirements and conditions that ensure public safety and health through the durability, stability, and structural integrity of buildings and facilities; facilitate access to them; provide a healthy environment, adequate lighting, and ventilation; and promote water and energy conservation… Read more

Enforcement Center's sales in October exceeded 600 million riyals

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Real estate auctions

Reading time: < 1 MinuteTotal sales by the Enforcement and Liquidation Center “Enfaz” since its establishment in September 2020 have exceeded two billion riyals, including payments to heirs and creditors, in addition to voluntary liquidations entrusted to it by the private sector, thereby helping to preserve asset values and expedite the process of settling claims, while sales for last October exceeded 600 million riyals. During last October alone, the Center oversaw … Read more

Localization rate in the private sector rises to 24% in the third quarter

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Goal - Labor Observatory

Reading time: < 1 MinuteThe Saudization rate in the private sector rose during the third quarter of this year (2021) to 23.591%, an increase of 0.961% from the previous quarter. The number of Saudi employees also rose by approximately 60,000 during the same period, according to the National Labor Observatory. The National Labor Observatory stated that the number of Saudi participants in the private sector, according to the institution’s data … Read more

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