Month: March 2022

“Future Work Company”: A government platform for the private real estate sector

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Al Rajhi - Ahmed Al Rajhi Future of Real Estate Forum

Reading time: < 1 MinuteAhmed Al-Rajhi, Minister of Human Resources and Social Development, announced the ministry’s intention to establish the “Future Work Company,” with the aim of encompassing all real estate activities across all forms of self-employment, including inspectors, marketers, surveyors, designers, and others.  Al-Rajhi stated, during his participation in the Independent Real Estate Forum held recently in Riyadh, that the number of young Saudi men and women registered on the self-employment platform reached 1.5 … Read more

Restatx Expo Organizes Workshops on the Ministry of Housing’s Programs“

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Residential Workshop at Restatex

Reading time: < 1 MinuteThe Housing Program Showcases Its Services at a Workshop The Housing Program outlined its objectives during a workshop at the Restatex Real Estate Exhibition, where Ayman Mohammed Saleh, Assistant Undersecretary for Housing Support at the Ministry of Municipal, Rural Affairs, and Housing, explained that the Housing Program provided services to more than 225,000 families during the past year, 2021, of which more than 186,000 families have moved into their homes. He emphasized … Read more

Rental Index provides data for decision makers Initiatives Turning Contractors into Developers Supporting real estate developers

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Majid Al Haqeel inaugurates Restatex

Reading time: < 1 MinuteThe Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail, launched the programs “Support and Empowerment of Real Estate Developers” and ”Transforming Contractors into Real Estate Developers” as well as the ”Rental Index for Major Cities,” emphasizing the role of the regulations and programs the Ministry has implemented to regulate the real estate market. In his speech, Al-Hogail explained that the two programs aim to empower developers and enhance their capabilities so they can reach a level that qualifies them to implement residential projects that are suitable … Read more

Real estate activities under one roof Riyadh Real Estate Restatex concludes its activities and confirms the strength of demand and the feasibility of supply

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Restatex (3)

Reading time: < 1 MinuteWith a large turnout of interested parties and investors, “Restatex Riyadh Real Estate,” which was launched under the patronage of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, and took place from March 1–4 at the Riyadh International Convention and Exhibition Center. The exhibition, at which “Amlak” (the real estate newspaper) was represented, highlighted the latest developments and trends in the Saudi real estate sector, as well as new investments and companies… Read more

Arab Centers Company Confirms Receipt of the Final Deed for Al-Ra'id Land

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Al-Ra'id Land - Arab Centers Company

Reading time: < 1 MinuteArabian Centers announced the approval of the deed for the land owned by the company, following the completion of all regulatory procedures and fulfillment of the requirements necessary for the deed’s validity. In a statement, the company confirmed receipt of a copy of the final deed for Al-Ra’id land. For its part, the Ministry of Investment noted that the decision to approve a number of deeds that meet the necessary regulatory requirements is nothing less than a definitive confirmation of the validity and reliability of the deeds… Read more

On its second day. Riyadh's Restatex Real Estate Exhibition showcases the achievements of the Residential Program

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Residential Workshop at Restatex

Reading time: 2 MinutesThe Restatex Real Estate Exhibition, currently being held in Riyadh, continued its activities yesterday, Wednesday, with a workshop addressing the contribution of the “Sakani” program to providing adequate housing for many Saudi families, Ayman Mohammed Saleh, Assistant Undersecretary for Housing Support at the Ministry of Municipal, Rural Affairs, and Housing, explained that the Sakani Program served more than 225,000 families during the past year, 2021, … Read more

“Supporting Real Estate Developers”, ”Turning Contractors into Developers” and ”Rental Index" initiatives launched”

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Majid Al Haqeel inaugurates Restatex

Reading time: < 1 MinuteYesterday evening, the Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail, launched the “Support and Empowerment of Real Estate Developers” and ”Transforming Contractors into Real Estate Developers,” as well as the ”Rental Index“ for major cities, during the opening of the Riyadh Real Estate, Housing, and Urban Development Exhibition ”Ristatex” at the Riyadh International Convention and Exhibition Center. He emphasized the role of the regulations and programs the Ministry has implemented to regulate the real estate market in order to achieve … Read more

Minister of Municipality and Housing inaugurates Riyadh Real Estate Exhibition “Restatex” and praises the strength of the partnership relationship in the sector

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Al-Hogail inaugurates Restatex exhibition

Reading time: < 1 MinuteYesterday evening, the Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail, inaugurated the Riyadh Real Estate, Housing, and Urban Development Exhibition “Restatex,“ at the Riyadh International Convention and Exhibition Center, emphasizing the role of the regulations and programs the Ministry has implemented to regulate the real estate market in order to achieve the goals of the Kingdom’s Vision 2030. He also highlighted the strength of the partnership between the Ministry and the private sector, represented by real estate developers, whose number has exceeded … Read more

Real Estate Units Sorting Program Receives Applications to Sort 34,500 Real Estate Units in Riyadh

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Sorting real estate units

Reading time: < 1 MinuteThe Real Estate Unit Sorting Program revealed that the number of requests for real estate sorting in the city of Riyadh exceeded 4,300 properties, involving more than 34,500 real estate units ranging from residential to commercial properties, noting that Riyadh recorded the highest demand for property classification among cities in the Kingdom. The program explained that January of this year, 2022, saw the highest demand for property classification across various … Read more

Under the patronage of the Minister of Municipality and Housing, Restatex Riyadh Real Estate Exhibition kicks off today with great local and international participation

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Restatex (2)

Reading time: < 1 MinuteUnder the patronage of His Excellency the Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail, the “Restatex Riyadh Real Estate Exhibition” kicks off today, Tuesday, and runs through Friday, March 4, at the Riyadh International Convention and Exhibition Center. Bank and finance company programs. The exhibition, at which “Amlak” (the real estate newspaper) is represented, showcases developments and updates in the Saudi real estate sector, as well as its trends, investments, and companies… Read more

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