Month: June 2022

“Itqan Real Estate sells 4 properties in ”Arwad Al Bahr“ auction worth more than 221 million riyals

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Itqan Real Estate Auction

Reading time: 2 MinutesItqan Real Estate and Itqan Al-Awwal announced the success of the Arwad Al-Bahr auction in Jeddah, organized by the liquidator Masad Real Estate, and the Jaroul land auction in Makkah, organized by the Liquidation Council for the estate of Sheikh Saleh bin Abdulaziz Al-Rajhi – may God have mercy on him – with sales totaling 221,996,390 riyals, during the public auction held this Sunday afternoon at the Laylati Hall in Jeddah and broadcast via Etqan’s platforms and accounts on … Read more

Tebyan Real Estate launches Kadivel plan in North Jazan for direct sale

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Kadivel Scheme in North Jazan

Reading time: < 1 MinuteThe development features 143 real estate investment opportunities. Tabian Real Estate has completed preparations to offer the Kadifal development in northern Jazan for direct sale, starting last Wednesday, June 22, 2022. The project features 143 real estate investment opportunities, including 19 commercial opportunities and 124 residential lots. “Tibyan Real Estate,” the exclusive marketer of the project, which covers an area of 146,404 square meters … Read more

Ministry of Commerce bans dealing with unlicensed foreign advertisers

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Business registers

Reading time: < 1 MinuteThe Ministry of Commerce has called for refraining from dealing with unlicensed non-Saudis, advertising to them, or inviting them to marketing events for products, services, and goods, with the exception of those working under a commercial entity who hold a license and legal documents authorizing them to engage in commercial advertising on social media platforms. In a letter to the Council of Saudi Chambers, the Ministry noted that a number of advertisers had been observed violating these regulations… Read more

“State Real Estate” Offers 21 Investment Opportunities for Public Bidding

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4 Local News, Issue 243

Reading time: < 1 MinuteWith time periods ranging from 10 to 25 years, the Public Authority for State Real Estate has offered 21 investment opportunities for public competition through “opportunities“, including leasing buildings, shops, logistics, warehouses and gas stations, in a number of different regions of the Kingdom. The opportunities were offered in a public auction in accordance with the leasing brochure prepared for that purpose, and those who wish to enter ... Read more

“Al Dal Real Estate launches its marketing campaign to sell 11 distinctive properties in Riyadh

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3 Ghatkan Real Estate - Al Dal

Reading time: < 1 Minute30,000 square meters of residential and commercial real estate ready for investment Al-Dal Real Estate Services has launched its second hybrid (in-person and online) auction to sell 11 distinctive residential and commercial properties in Riyadh, with a total area of approximately30,000 square meters, which will be held at 4:30 p.m. on Thursday, the first day of Dhu al-Hijjah 1443 AH, corresponding to June 30, 2022, at … Read more

Ora Real Estate is offering four properties for sale at auction in Dammam

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Ora Company Logo

Reading time: < 1 MinuteUnder the supervision of the Support and Liquidation Center “Enforcement” Ora Real Estate announced that it is organizing the Lavender Public Auction, in which a selection of distinctive properties in Dammam will be offered for sale, at 4:00 p.m. on Monday, June 27, 2022, at the Montreal Hall. The company clarified that the auction was ordered by the Enforcement Court and includes four residential properties and raw land of various sizes, with the property representing … Read more

“The ”Global Project Management Forum” Kicks Off Its Activities and Launches the “Ambitious Nation” Initiative

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The Global Project Management Forum 4

Reading time: 4 MinutesThe “Global Project Management Forum” launched the “Ambitious Nation” initiative during the opening ceremony of its events and the accompanying exhibition, which took place yesterday, Sunday, in Riyadh at the Fairmont Riyadh Hotel, in the presence of His Excellency the Governor of the Saline Water Conversion Corporation, Eng. Abdullah Al-Abdulkarim, and a group of international, regional, and local officials and experts, under the slogan “The Future of Project Management: Between Digitalization and Adapting to Change.” The forum’s sessions will continue on … Read more

Amlak Articles... Editor-in-Chief Abdulaziz Al-Issa writes: Cancellation of commercial licenses Why?

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: < 1 MinuteIn a previous article titled “Real Estate and the Trillions of the Future,” I discussed the importance of the national private sector stepping up its phased preparations to keep pace with the successive shifts in market dynamics; otherwise it will be an easy victim for large corporations that have begun to get their house in order to provide their services, and as we explained in previous articles, survival will belong to the strongest in the world of investment and competition. Less than a year and a month has passed since … Read more

Majid Al-Hogail launches 5 optional support packages as part of solutions and options for “Housing” beneficiaries”

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Housing Support Packages

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, launched five optional support packages as part of expanded solutions and options for “Sakani” beneficiaries;with the aim of facilitating home ownership for citizens in a manner consistent with their needs and financial capabilities, bringing the total number of support options available to “Sakani” beneficiaries to nine. “Sakani” explained that these options provided 5 packages, including (the Down Payment Support Package, the Rent Package, … Read more

The Trend of Revoking Business Licenses: Between Scaling Back Operations and Merging Small Businesses to Survive

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9 Survey of Business Licenses

Reading time: 2 MinutesMohammed Al-Hassami: The cancellation of business licenses and withdrawal from the market will have an impact on commercial land and real estate. Fawaz Bashrahil: I expect to see mergers among small and medium-sized enterprises in the coming period. Riyadh- Mohammed Al-Amin Jamos: Reports indicate a growing demand to cancel commercial licenses and suspend certain business operations and economic activities, as the number of requests to cancel commercial licenses last year, 2021, reached … Read more

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