Shura Council approves real estate brokerage system and gives real estate brokers 180 days to organize their status

Real Estate Brokerage Project

Reading time: < 1 MinuteThe Shura Council has granted real estate brokers and real estate service providers a grace period of 180 days to bring their affairs into compliance with the Real Estate Brokerage Regulation, which the Council approved yesterday during its 13th regular session of the second year of the eighth term, chaired by the President of the Shura Council, Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Sheikh. The Council decided that the Board of Directors of the General Authority shall… Read more

Electronic invoicing goes into effect, ending the use of handwritten and computer-generated invoices

Electronic billing

Reading time: 2 MinutesThe first phase of electronic invoicing (the electronic issuance and storage phase) has come into effect, covering all taxpayers subject to value-added tax in the Kingdom of Saudi Arabia —with the exception of taxpayers not resident in the Kingdom and any other parties that issue tax invoices on behalf of the taxable supplier. The Zakat, Tax and Income Authority clarified that the first phase of electronic invoicing (the … Read more

Ministry of Justice raises the readiness of its portal to 99% in the UN index

Ministry of Justice index rises

Reading time: 2 MinutesThe Ministry of Justice revealed 10 factors that contributed to raising the readiness of its e-portal to 99.1% on the United Nations E-Government Development Index, an increase of 131 points from last year. The ministry noted that it has implemented more than 150 standards to develop website services and improve the user experience, in addition to facilitating access, ensuring continuity and stability, and promoting transparency in the presentation of information. 34 million visitors … Read more

Saudi Telecom Company offers more than 10 million shares to individuals

Saudi Telecom

Reading time: < 1 MinuteAt a price ranging between 100 and 116 riyals, Saudi Telecom Company (stc) plans to offer 100,200,000 shares to retail investors. Al-Ahli Capital,  as the underwriter for the secondary public offering of Saudi Telecom shares, that the offered shares represent 10% of the total offering, provided there is sufficient demand from individual subscribers.

Dar Al Qiyas Auction Company completes its preparations to organize the Rihab Al Jubaila auction

Measurement House Auction

Reading time: < 1 MinuteDar Al-Qiyas Auctions has completed its preparations for the public auction scheduled for Wednesday, December 15, 2021, under the supervision of the Support and Liquidation Center “Enforcement” and by a decision of the Enforcement Court in Al-Dir’iya to launch the marketing campaign for the Rehab Al-Jubail Auction. This auction features a selection of distinctive properties in the historic Jubail area, including a high-end resort with a total area of 18,400 m² and a collection of plots of land of various sizes … Read more

The Jeddah Provincial Secretariat Begins Developing 32 Neighborhoods in Accordance with the Regulatory Plan for Informal Settlements

Jeddah Neighborhood Development

Reading time: < 1 MinuteThe Jeddah Provincial Secretariat has begun implementing a project to develop a master plan for informal settlements, The Secretariat has begun studying the master plan through eight projects to prepare conceptual plans for these areas, aiming to prevent their uncontrolled development, address visual distortions, and improve the quality of life for the residents of Jeddah. The study covers 32 informal settlements spanning an area of more than 214 million square meters, of which only … Read more

“Municipality and Housing” wins this year's International Customer Experience Award 2021

Schedule of Municipal Violations

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing won two awards for its participation in the 2021 International Customer Experience Awards, held in the Dutch capital Amsterdam, with the participation of representatives from leading global organizations across various private and public service sectors. The Ministry was recognized for providing exceptional service experiences to beneficiaries and a range of user-friendly digital solutions. The Ministry won the Silver Award in the “Use…” category… Read more

Shura Council discusses the draft real estate brokerage system on Monday

Shura Council Discusses VAT - Mortgage Loan

Reading time: < 1 MinuteThe Shura Council decided yesterday to vote on the draft Real Estate Brokerage Law at its session next Monday, and will first hear from Committee Chairman Ayman Fadel regarding his views on members’ comments regarding the regulation, which consists of 24 articles aimed at filling the legislative gap, keeping pace with current developments, and enhancing the attractiveness of the industry, addressing problems and obstacles, and defining the obligations of the parties involved in real estate brokerage… Read more

Saudi Contractors Authority launches the first edition of the Contracting Excellence Awards

الهيئة-السعودية-للمقاولين-1052x526

Reading time: < 1 MinuteAcross 10 diverse categories, the Saudi Contractors Authority has launched the first edition of the 2021 Construction Sector Excellence Awards, which are now open for registration until January 30, 2022. The initiative aims to highlight innovations in the local industry and to develop and promote the construction sector in the Kingdom. It also aims to motivate and support workers in the sector and to work diligently to raise standards of excellence… Read more

Real Estate Articles... Dr. Abdullah Al-Kharmani writes: Through planning, coordination, and organization, we will achieve the desired goals for the real estate sector so that it becomes the leading sector in development

Al-Kharmani's Article - The Real Estate Sector

Reading time: 3 MinutesSaudi Arabia… O our homeland, may your glory endure, your splendor be everlasting, and your stature rise to the highest heights… O you who, from your golden sands and vast expanses… have built structures, monuments, and skyscrapers… O you who, through your wise leadership… …you have made Vision 2030 a beacon of knowledge and a ladder to progress and civilization. For a journey of a thousand miles begins with a single step, and every striver, every diligent soul, must reap the freshest fruits and harvest the rewards… Read more