Month: December 2021

Real Estate Brokerage The first customer reference point and its regulation will revitalize the real estate sector

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Real Estate Brokerage 8

Reading time: 2 MinutesThe Shura Council’s approval of the Real Estate Brokerage Regulation has been met with great optimism among those working in the real estate sector, particularly since the Council granted real estate service providers a grace period of 180 days to bring their affairs into compliance with the regulation. The Council decided that the Board of Directors of the General Real Estate Authority shall exercise the powers set forth in paragraph (3) of Article (6) of the draft regulation in agreement with the Ministry … Read more

National Housing Company (NHC) celebrates the graduation of the 2021 class of the Wa'ed program

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National Housing Company - Promise 2 Program

Reading time: 2 MinutesYesterday, Thursday, the National Housing Company (NHC) celebrated the graduation of the 2021 cohort of the Wa'ed Program, one of the most important national programs for training recent Saudi engineering graduates and providing career opportunities that match their aspirations, The ceremony was attended by Eng. Mohammed bin Saleh Al-Bati, the company’s CEO. A total of 22 graduates completed the program this year, having received intensive and specialized training courses … Read more

Launch of the “Real Estate Developer Excellence Framework” initiative to promote 12 core competencies

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Real Estate Unit - Housing Construction - Housing Sector

Reading time: < 1 MinuteThe Real Estate Development Agency at the Ministry of Municipal, Rural Affairs, and Housing has launched the “Real Estate Developer Excellence Framework” as part of a project to enhance the skills of real estate developers, aiming to manage real estate development projects professionally. This initiative is part of ongoing efforts to support the Kingdom’s housing sector and contribute to increasing the supply of residential real estate. The launch of the “Real Estate Developer Excellence Framework” is intended to empower qualified real estate developers in the sector … Read more

The terms of office for municipal councils in all regions and governorates of the Kingdom have come to an end... Handover of duties and password changes

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Ministry of Municipal and Rural Affairs and Housing

Reading time: < 1 MinuteToday marked the end of the third session of municipal councils across the Kingdom’s various regions and governorates, and a circular was issued by the Secretary-General of the Municipal Councils thanking the chairs and members of the municipal councils, as well as instructing them to inventory, organize, and archive council documents and transactions and hand them over to the relevant municipal secretariat, and to receive the handover from the chairs and members of the municipal councils and coordinate with the secretariats and municipalities to receive them. Accordingly, the procedures for settling financial advances were completed … Read more

“White Lands” revenue pumps SAR 24.4 million into infrastructure in residential projects

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White land

Reading time: < 1 MinuteThe “White Land” program announced the disbursement of more than 24.4 million riyals to complete the implementation and delivery of infrastructure services in several housing projects across various regions, noting that this amount represents a portion of the program’s revenues collected from fees imposed on white lands located within the urban boundaries of cities subject to the system during its first phase. The program explained that the revenues … Read more

“Saudi Tourism plans to invest $810 billion by 2030

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Tourism - Ahmed Al-Khatib

Reading time: 2 MinutesTourism Minister Ahmed Al-Khatib confirmed that, as part of Vision 2030, the Kingdom plans to invest $810 billion in the tourism sector, to welcome 100 million international and domestic visitors, and to create one million new jobs in the tourism sector, noting that good progress has been made in these efforts. This came as the Saudi delegation, led by him, concluded its participation in the 24th session of the General Assembly … Read more

Saudi and Omani companies sign 13 MoUs to invest $30 billion in various fields

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Saudi companies with Omani

Reading time: < 1 MinuteWith investments totaling $30 billion, a group of leading Saudi companies signed 13 memorandums of understanding with a number of companies owned by the Omani Investment Authority and the private sector. These memorandums aim to promote investment and joint work on specific projects within promising economic sectors, reflectingthe vision of the leaderships of the two brotherly countries to promote mutual investment in areas of common interest. This came … Read more

The Real Estate Developer Services Center has approved 390 housing projects since its launch

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real estate - building permits - projects - residential real estate development - projects - schemes - residential projects

Reading time: < 1 MinuteThe Real Estate Developers Services Center “Etam” has approved 390 residential plans since the program’s launch, providing more than 730 million square meters across all cities and regions of the Kingdom, with the aim of boosting the supply of residential real estate from developed land, improving the performance of the real estate sector, and providing integrated solutions to real estate developers through the “Etmam” electronic platform.“Etmam” offers a range of diverse services to developers … Read more

“The Eastern Province Secretariat Offers Businessmen 176 Permanent and Temporary Investment Opportunities

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Eastern Province Municipality - Housing and Development Agency

Reading time: < 1 MinuteThe Eastern Province Secretariat has renewed its call to businesspeople to seize 176 permanent and temporary investment opportunities across various cities and governorates in the Eastern Province, covering a wide range of activities in the cities of Dammam, Al-Khobar, Al-Qatif, Abqaiq, Al-Nairiyah, Al-Rafiah, and Arriyah. The Secretariat clarified that some of these opportunities extend up to 50 years, which motivates investors and increases their interest and the attractiveness of investments in the Secretariat, noting that … Read more

“Ejar” program makes additions and amendments to the terms of the unified e-lease contract for the residential sector

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Ejar Network - Documentation of the rental contract

Reading time: < 1 MinuteThe “Ijar” program has introduced additions and amendments to the terms and provisions of the standardized electronic lease agreement for the residential sector by launching a new, upgraded version that strengthens the protection of the rights of all parties involved through the development of the electronic platform and the addition of new features. The amendments and updates currently being incorporated into the contract include defining the scope of implementation and identifying the entity responsible for resolving disputes between the parties in … Read more

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