Month: March 2022

Amlak Articles... Dr. Abdullah Al-Kharmani writes: Where Is the Digital Economy Taking Us? (2-3)

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Dr. Abdullah Al-Khurmani - Neom City

Reading time: 2 MinutesWhat is the purpose of launching the Digital Economy Policy? The launch of the Digital Economy Policy plays a major role in highlighting the importance of government digital platforms and supporting the role they play, Furthermore, through this decision, the Saudi government aims to provide everyone with the opportunity to participate online and to establish modern applications and programs that contribute to the creation of a smart digital infrastructure. In addition … Read more

“Makkah Investment Treasures” launches the auction of the Salhiya Agricultural Scheme in North Buraydah on Sunday

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Salehia auction

Reading time: < 1 MinuteKunooz Makkah Investment Company has completed preparations for the auction of the Al-Salhiyah Agricultural Plot in northern Buraydah, scheduled for tomorrow afternoon, Sunday, March 13, at the project site itself. The project covers a total area of 3 million square meters, divided into 60 plots of varying sizes, starting at 50,000 square meters per plot. The project features flat land and is close to the … Read more

Amlak Articles Sami Abdulaziz writes new articles

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Sami Abdulaziz - Real Estate Articles

Reading time: < 1 MinuteToday, with God’s blessing, we are launching a new series of articles titled “The Executive Director” In this series, we will explain everything related to corporate management, from the organizational structure and the roles assigned to senior management to the role of each department. We will also outline the benefits of dividing departments into sections and how to organize relationships among all company employees so that responsibilities can be defined, the principle of reward and punishment can be applied, and therequired tasks… Read more

Property Articles Counselor Matar Al-Shammari writes The difference between self-building and buying a ready-made unit from the market

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Matar Al-Shammari, Old Buildings - Real Estate Marketing

Reading time: < 1 MinuteI agree with you—prefabricated units from the market are of poor quality, and building your own is much better. However, building your own requires the following: 1- Land ready for construction. 2- The construction must not be financed through a land developer and a bank loan—that is, a real estate financing plan where you buy land and build on it.  3- Make sure you have enough money to cover the construction costs so you don’t run into financial trouble… Read more

Amlak Articles... Architect Hisham Al-Qasim writes: Technology and Its Impact on Real Estate?

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Hisham Al-Qasim

Reading time: < 1 MinuteModern technologies have always contributed to human life, but what about the real estate sector, and how will modern technologies impact it? That is what we will explore. Virtual Reality (VR) Technology: The technology is entering the real estate sector by capturing properties and then presenting them to clients in the form of 360-degree video tours, allowing them to take virtual tours inside the properties and learn about their details from anywhere… Read more

Saudi National Bank Launches Financing Initiative for Micro, Small, and Medium-Sized Enterprises

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Al-Ahli Bank Signs Financing Agreement with Manshaat

Reading time: < 1 MinuteThe Saudi National Bank, in collaboration with the Kafalah Program, has launched an initiative to finance micro, small, and medium-sized enterprises (MSMEs) operating in the information technology sector, offering a comprehensive suite of high-quality financial and banking services and solutions. These financing programs will enable small and medium-sized enterprises and entrepreneurs working in the IT sector in the Kingdom to access innovative financing solutions and benefit from a comprehensive suite of services … Read more

“Wafi issues 18 off-plan sale licenses for SMEs

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Reading time: < 1 MinuteThe “Wafi” off-plan sales program revealed that the total number of units in real estate projects under construction currently overseen by the program has reached more than 167,000 units across 158 real estate projects.  The program noted that during January and February, 18 off-plan sales permits were issued for small and medium-sized projects comprising 493 residential units, representing … Read more

The Cabinet approves the Personal Status Law... to take effect 90 days after its publication in the Official Gazette

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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,may God preserve him, during its session yesterday, Tuesday, the Personal Status Law after completing the statutory procedures for its review. The law will enter into force 90 days after its publication in the Official Gazette. The Personal Status Law addresses the provisions governing family relations, including «engagement, marriage, and dowry; the rights of spouses and their separation; maintenance; and custody … Read more

Panorama... News and agreements on the sidelines of the Restatex Real Estate Show (2)

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6 Corporate News - Panorama

Reading time: < 1 MinuteReported by: Mohammed Al-Amin Jamos The Ministry of Municipal and Rural Affairs and Housing Signs 25 Agreements and Memoranda of Understanding The “Restatex Riyadh” exhibition witnessed the signing of more than 25 agreements and memoranda of understanding between government agencies and financial, investment, and real estate companies, including an agreement between the Ministry of Municipal, Rural Affairs, and Housing and Asas Makkin Development Company, Al-Argan Projects Company, and Al-Arabi Investment Company, signed by the Deputy Minister for Real Estate Development, Abdulrahman … Read more

“Saudi Refinance reveals it has invested 28 billion in real estate portfolios

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Real Estate Finance - Saudi Real Estate Refinance Company

Reading time: < 1 MinuteThe Saudi Real Estate Refinancing Company announced that it had refinanced real estate portfolios totaling more than 28 billion riyals, while the value of credit facilities for finance companies amounted to 8.4 billion riyals, which were rolled over for a period of four years, The value of the portfolios that the company has refinanced since its establishment to date amounts to approximately 19.5 billion riyals, involving most Saudi banks, real estate finance companies, and other entities… Read more

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