Month: January 2022

Real Estate Contributions Committee instructed to stop receiving new complaints

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Liquidation of the Real Estate Contributions Committee

Reading time: < 1 MinuteThe Real Estate Contributions Committee has been instructed to stop receiving any new complaint related to the contributions under its jurisdiction, unless the complaint is related to a contribution under consideration based on a previous complaint prior to the issuance of Cabinet Decision No. 130. The directives included that complaints related to real estate contributions that are not under the jurisdiction of the Real Estate Contributions Committee shall be handled by the judicial authority ... Read more

Collective housing platform registers 90,000 establishments and 800,000 workers

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collective housing

Reading time: 2 MinutesThe National Program for the Development of Collective Housing for Individuals has registered 90,000 disclosed facilities, while the area of land targeted for allocation for the establishment of collective housing has been raised to 3.4 million square meters from the target of 2.1 million square meters, through the development of a model contract for collective housing to link it with the Ejar platform. The Ministry of Municipal and Rural Affairs confirmed the approval of the national program for collective housing for individuals. Read more

«Saudi Commission for Engineering Specialties. A new organization under the table of the »Explore“ platform”

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Corps of Engineers - Model Contracts

Reading time: 2 MinutesThe Saudi Council of Engineers (SCE) has released a draft of a new and alternative organization called the Saudi Commission for Engineering Specialties (SCES) to update the standards of classification, localization and professional examination according to the best experiences and practices and to protect life, health, property and the sustainability of projects. The Authority published the draft of the new regulation in front of interested parties to benefit from their opinions, according to which the tasks of the Authority are focused on developing policies, plans, programs and strategies ... Read more

The global shift towards a green economy and ESG investments

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Reading time: < 1 MinuteDr. Majid Al-Qasabi, Minister of Commerce and Chairman of the National Competitiveness Center, revealed that the next phase will adopt the pillars of competitiveness “productivity, sustainability and inclusiveness”, in response to global developments and lessons learned from the Corona pandemic, which showed the pivotal role of productivity in sustainable development, in addition to the global shift towards a green economy and its attractiveness for investments that take into account ESG standards. Read more

8 thousand new real estate brokers in Ejar's network and daily contract documentation rates exceed 3500 contracts

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Ejar Network - Documentation of the rental contract

Reading time: < 1 MinuteThe “Ejar” program issued a detailed statement revealing the total number of residential contracts documented during the year 2021, as the number of documented residential contracts reached more than one million contracts, while commercial contracts recorded about 261 thousand commercial contracts within the network, and the daily rates of rental contracts documented in the Ejar network exceeded 3500 contracts, and the total contracts reached 1.3 million rental contracts ... Read more

Real Estate Articles Sami Abdulaziz writes in his real estate terminology corner about: Types of soil

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteBuilding engineering is a science that is constantly evolving and creative in designs, heights, facades and finishes, and what most people do not know is that the choice of soil is one of the basics for the building to remain stable on the ground for long periods of time according to the study of the nature of the soil and the extent to which it enjoys the four basic conditions (durability - balance - stability - stability), and this study is done after taking samples of soil and examining them ... Read more

Property articles: Dr. M. Abdullah Al-Khurmani The Role of Engineers in Real Estate Development in the Kingdom (2)

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Real Estate Trends 15

Reading time: 2 MinutesWhat is the role of engineers in real estate development? The real estate sector always needs the expertise and supervision of engineers in every property that is created, and they have many basic tasks in the Saudi real estate market, and the most important of these tasks: High expertise in the field of modern engineering designs that meet the needs of Saudi citizens in every property they wish to own. Modern technological ideas ... Read more

Saudi National Bank completes delivery of 500 subsidized housing units to beneficiaries

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Saudi National Bank

Reading time: < 1 MinuteThe Saudi National Bank announced the completion of the delivery of its community housing initiative, which resulted in the provision of 500 housing units for the beneficiaries of the development housing program during the period 2017-2021, including 361 fully furnished housing units and 139 housing units supported by purchasing cards that were distributed to beneficiaries to enable them to purchase basic supplies to equip the units, in an initiative that is the largest of ... Read more

Ministry of Industry conducts 1,027 field visits to industrial facilities in December

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Second Industrial Riyadh

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources carried out 1,027 field visits to industrial facilities in the Kingdom during December to ensure their compliance with quality standards and necessary requirements. The ministry said in a press release that the field visits carried out on factories in the Eastern Province amounted to 352 visits, and 255 visits in factories in the Makkah region, while 213 visits were carried out on factories in Riyadh, and 120 ... Read more

“Environment and Agriculture offers real estate assets for long-term investment

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Ministry of Environment and Agriculture

Reading time: < 1 MinuteThe Ministry of Environment, Water and Agriculture (MoEWA) has revealed that it is offering a variety of real estate assets it oversees for investment for 25 years and more, noting that investors are exempted for a certain period of time from paying rent for processing and construction. During a workshop titled “Investment Opportunities for Nurseries,” Nawaf Al-Abdulkareem, director of the ministry's Investment Department, said that after completing the infrastructure to implement ... Read more

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