Month: August 2022

Hani Khashoggi writes: Close Connection and City Visions

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Hani Khashoggi - Foreign Ownership - 95th National Day

Reading time: 2 MinutesEvery day, Vision 2030 achieves a new achievement, confirming that the Kingdom is on a correct path, which ultimately results in an advanced and developed country that seeks prosperity, and seeks excellence and leadership, not in a specific field, but in all fields, and perhaps a quick look at the vision file, and the qualitative achievements it contains, based on science alone and the future outlook, proves ... Read more

“Madinah Chamber organizes the Investment Forum with wide participation of official and private entities

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Medina Chamber

Reading time: < 1 MinuteThe Chamber of Commerce and Industry in Madinah has completed its preparations to organize the Investment Forum next Monday, with the participation of several entities in the economic and tourism fields, chambers of commerce, sectors and business centers. The forum, which is held in cooperation with the Ministry of Investment and the Economic Development Center, aims to enable competitive economic development in the Medina region, review investment areas in economic sectors and investment opportunities, and create a business environment ... Read more

Ambitious heights for vertical construction Itqan begins marketing the second phase of the sale of 365 plots in Darb Al Haramain

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Darb al-Haramain

Reading time: 2 MinutesItqan Real Estate has started the marketing campaign for the second phase of the sale of Darb Al Haramain, owned by Alinma Real Estate Development Fund, which includes 365 plots with a total area of more than 1.3 million square meters, located in the heart of Jeddah Governorate, and the plan, which was designed in a modern style, connects residents to the Makkah and Prophet's mosques via the Haramain train where ... Read more

A new executive regulation defines the mechanism for renting state properties and utilizing the surplus

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Public Authority for State Properties - «Lease System» contracts»

Reading time: 2 MinutesThe draft executive regulations of the state real estate leasing system recognized the right of the General Authority for State Real Estate to stop the leasing process if the neighbors of the property to be leased by the government entity object before signing the contract and their reasons are valid, and the regulations set conditions when subletting the leased property to third parties in order to serve the public interest. 11 ministries are subject to the regulation. Read more

Public Authority for Real Estate issues the executive regulations of the Real Estate Registration System

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Public Authority for Real Estate

Reading time: < 1 MinuteThe Board of Directors of the Public Authority for Real Estate issued the executive regulations of the Real Estate Registration System issued by Royal Decree No. (M/91) dated 19/9/1443 AH, in accordance with the powers assigned to it according to the provisions of the system, which deals with the documentation of land and real property, and clarifies in its articles all the details and procedures of the system, within the framework of the development stage witnessed by the real estate sector on all legislative and organizational levels, as a result of ... Read more

Real estate management and development sector profits fall to SAR 50 million in the second quarter

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Riyadh - Business - Localization of real estate activities and professions

Reading time: < 1 MinuteThe real estate management and development sector topped the list of companies whose profits declined during the second quarter of 2022, as its profits fell to 50 million riyals compared to about 400 million during the same period of the previous year. The profits of the basic materials sector amounted to about 18.2 billion riyals with a growth rate of 25.4%, benefiting from the profits of petrochemical companies, which achieved 14.9 ... Read more

216.8 billion riyals in profits for the ten largest companies in the stock market

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Saudi Arabia's stock market today

Reading time: < 1 MinuteThe profits of the ten largest companies in the Saudi stock market amounted to 216.8 billion riyals during the second quarter, representing about 94.1% of the total profitability of companies in the main market. The profits of the total companies amounted to 230.4 billion riyals during the period, compared to about 135.8 billion riyals in the same period last year, an increase of 94.6 billion riyals (up 70%). ... Read more

Eastern Province Municipality offers investment opportunities in outdoor advertising

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Eastern Province Municipality - Housing and Development Agency

Reading time: < 1 MinuteThe Eastern Province Municipality called on investors and entrepreneurs to take advantage of the investment opportunities offered by the Municipality on the “Opportunities” platform in the field of outdoor advertising on buildings, bridges and tunnels, as part of the strategy of the outdoor advertising development scheme in the region. The strategy contributes to creating added value and an aesthetic dimension to the region, in addition to contributing to improving the urban landscape and enabling ... Read more

Residential program delivers 530 residential villas in the Pearl Diyar project in Yanbu Governorate

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Pearl Diyar Project

Reading time: < 1 MinuteThe Residential Program has completed the delivery of 530 residential villas to the beneficiaries of the Pearl Diyar project in Yanbu Governorate, after the completion of work on the delivered units and the delivery of services and infrastructure, stressing that work is ongoing to deliver the rest of the units to the beneficiaries in the project after their completion. The project provides 1182 housing units with a variety of designs and styles divided into five categories, each of which has its own characteristics. Read more

112 cement export licenses issued since the start of the export ban

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Construction cement.

Reading time: < 1 MinuteThe Ministry of Commerce revealed that the number of licenses approved for the export of cement is 112 licenses, from the beginning of the year 2022 until the end of July, the Ministry stated that the number of licenses issued since the beginning of 2022 until the end of July ten licenses for the export of cement, after meeting the conditions and requirements specified in accordance with the regulatory controls of the Ministerial Supply Committee.

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