Month: February 2022

“Tasawi and Namaa Real Estate sign an agreement to develop the infrastructure of Dana Al Bandari

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Equal company

Reading time: < 1 Minute“Tsaawi” and “Namaa Real Estate” have signed an agreement to develop the infrastructure for the “Dana Al-Bandari” project, located in the city of Al-Hofuf in the heart of Al-Ahsa. The agreement stipulates that  “Tasawe” to develop the infrastructure, conduct the necessary studies, and obtain the required permits and approvals from the relevant authorities. The infrastructure development work includes land grading, road construction and paving, as well as electrical and water works… Read more

As part of the sixth cycle. White Fees Program issues 150 invoices for land in Riyadh

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Riyadh - Real Estate in Riyadh - Trade Names System

Reading time: < 1 MinuteThe “White Lands” program has issued 150 bills for land in the city of Riyadh located within the declared urban area, covering a total area of over 100 million square meters, as part of the sixth round of billing, calling on the owners of the relevant lands to either develop their properties or pay the fees within one year of the decision’s issuance. The program stated in a press release that the total amount of white land fee bills issued since the launch … Read more

Amlak Articles... Architect Hisham Al-Qasim writes: How can you protect your money when buying a new home?

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Reading time: 2 MinutesThis question likely crosses the minds of many people looking to buy a new home. Therefore, you should inspect the property you wish to purchase to ensure that no problems or defects arise after the sale. Now I will explain the types of building inspections that are important before purchasing any property. First is the visual inspection, during which you will take a general look at the exterior structure of the house… Read more

150 Companies Showcase the Value of National Exports and Industries at the «Made in Saudi Arabia» Exhibition»

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Made in Saudi Arabia Exhibition

Reading time: < 1 MinuteThe «Made in Saudi Arabia» exhibition will take place in Riyadh from February 13–16 at «Riyadh Front,» under the slogan «Our Industries, Our Successes,» with the aim of maximizing the value of national exports and industries. The exhibition will host officials and decision-makers, as well as entrepreneurs, to discuss topics related to national industries, innovations, and technologies, and to exchange experiences and future visions that will ensure the discovery of new avenues… Read more

Shura Council adopts draft law on state lease and evacuation of real estate

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Riyadh city

Reading time: < 1 MinuteDuring its regular session held yesterday, Wednesday, the Shura Council approved the draft regulation on the state’s leasing and eviction of real estate, submitted by the Financial and Economic Committee. The draft comprises 32 articles governing the mechanism for the state’s leasing and eviction of real estate. The regulation aims to organize the state’s leasing of real estate through government agencies, in accordance with the needs of those agencies, and to rationalize the financial costs of government leasing operations … Read more

Council of Ministers: “Zakat and Customs Authority” financially supports businesses with annual revenues of less than 3 million riyals

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King Salman Cabinet

Reading time: < 1 MinuteThe Council of Ministers, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, during its session held yesterday, Tuesday, to grant the Zakat, Tax and Customs Authority the authority to provide financial support to businesses subject to the electronic invoicing regulations whose annual revenues do not exceed 3,000,000 riyals.

Survey. “Amlak” recommends not to be complacent Experts and real estate professionals call for applying the penalties of the commercial concealment system

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9 Business Concealment Survey

Reading time: 3 MinutesHeadline: The Ministry of Commerce expects 200,000 businesses to be subject to the fronting regulation, including 86,000 in the construction sector, 84,000 in the retail sector, and 30,000 across other sectors. Mohammed Al-Alkami: Combating fronting supports the economy, localizes professions, and reduces unemployment ========= Hazem Al-Zahami: Fronting has contributed to the creation and sale of illegal schemes … Read more

50 initiatives define the smart cities strategy for the municipal and residential sector in 9 services

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Minister_of_Housing_Mr_Majid_Al-Haqeel

Reading time: < 1 MinuteMajed Al-Hogail, Minister of Municipal, Rural Affairs and Housing, announced today the adoption of a smart cities strategy for the municipal and housing sectors. Al-Hogail said the strategy includes the launch of more than 50 initiatives across nine areas by 2030. Use of artificial intelligence technologies Al-Hogail emphasized that through this strategy, the ministry aims to transform municipal and housing sector services into smart services using artificial intelligence technologies … Read more

Amlak Newspaper Issue 235.. Page Four... Cocktail Local News

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4 Page 4 Issue 235 Local

Reading time: 2 MinutesHeadline: The Ministry of Industry and Mineral Resources conducted 1,027 on-site visits to industrial facilities across the Kingdom last December to ensure compliance with necessary standards, specifications, and requirements, and to monitor the quality of domestic products. ======================== “Enfaaz” reviews 63 real estate opportunities in the first week of February The Support and Liquidation Center “Enfaaz” reviewed 63 real estate opportunities with a total area estimated at one million square meters, from … Read more

During January Average daily rental contracts jump to 5500 per day

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Ejar Network - Documentation of the rental contract

Reading time: < 1 MinuteThe number of rental contracts notarized through the electronic network last January exceeded 165,000 residential and commercial leases, marking a record high since the launch of the “Ijar” program and representing a 571% increase over the monthly average. E-Ijar Services The program stated in a press release that the number of residential leases registered in January exceeded 129,000 residential leases, … Read more

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