Global Investment Hub, the first Saudi-Egyptian partnership, kicks off in Riyadh on February 9

Reading time: < 1 MinuteThe first real estate exhibition ”Global Investment Hub” will be held at the Intercontinental Hotel in Riyadh from February 9-12, in partnership between Saudi Digital Vision and Egyptian Wall Street, with the participation of major real estate development, housing and financing companies in the two countries. On this occasion, Salah Al-Otaibi, CEO of Digital Vision, emphasized his keenness to consolidate Saudi-Egyptian relations by ... Read more

«Kafalah finances SMEs with SAR 11 billion as of the end of December

Sponsorship program

Reading time: 2 MinutesThe Small and Medium Enterprises Finance Guarantee Program (Kafalah) has issued financing guarantees worth nearly 11 billion riyals until the end of December 2022, through which 6,350 small, medium and micro enterprises received more than 14 billion riyals in financing. In a statement today, the program emphasized the effective role played by “Kafalah” to contribute ... Read more

The Hajj Housing Committee in the Holy Capital announces the start of receiving applications for permits

Pilgrims Housing Committee in the Holy Capital

Reading time: < 1 MinuteThe Pilgrims Housing Committee in the Holy Capital announced the receipt of applications from citizens wishing to rent their homes, and the committee called on all owners of houses intended for housing pilgrims to quickly review the accredited engineering offices to finalize the procedures for issuing permits for their homes. The Municipality of the Holy Capital explained that the reception of applications will continue during the coming period, noting that there are a number of accredited consulting engineering offices ... Read more

«Al-Haqeel» sponsors the introductory ceremony for the real estate brokerage system

Reading time: 2 MinutesMinister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail sponsored the introductory ceremony for the real estate brokerage system, organized by the General Real Estate Authority (GRA) in Riyadh yesterday evening. During the launch ceremony, the CEO of the General Authority for Real Estate, Engineer Abdullah bin Saud Al-Hammad, confirmed that the number of visitors to the electronic platform of the real estate brokerage system reached more than (1.2) million ... Read more

 Statistics : 1.6% rise in the real estate price index in the fourth quarter of 2022

International Monetary Fund Riyadh office market

Reading time: 2 MinutesThe General Authority for Statistics (GAS) announced that the General Index of Real Estate Prices for the fourth quarter 2022 AD in the Kingdom increased by 1.6% compared to the same quarter of last year, Q4 2021 AD, due to the increase in residential real estate prices by 2.6%. According to the results of the bulletin, the rise in residential land prices was the largest contributor to the rise in real estate prices in the fourth quarter... Read more

Future of Real Estate Forum addresses quality of life through homeownership programs

Reading time: 2 MinutesThe Future of Real Estate Forum addressed during one of its sessions the quality of life journey by facilitating procedures that contribute to home ownership, the role of financial institutions and banks in enabling individuals to own a home, and the importance of developing suburbs and providing basic services and vital facilities. The panel discussion titled “Quality of Life and Supportive Programs to Facilitate Home Ownership” was attended by Assistant Undersecretary for Housing Support ... Read more

Future of Real Estate Forum discusses «Urban Development and Humanization of Cities» in a panel discussion

Reading time: < 1 MinuteThe Future of Real Estate Forum held a panel discussion titled “Urban Development and Humanization of Cities” in which the CEO of the Architecture and Design Authority, Dr. Sumaya Al Sulaiman, the Undersecretary of the Ministry of Municipal and Rural Affairs and Housing for Urban Planning, Dr. Adel Al Zahrani, the Head of Real Estate Development Sector at the National Housing Company, Dr. Khaled Al Suhaimi, and the CEO of Roshan Group, Dr. ... Read more

More than 912 million riyals deposited in the accounts of “Residential” beneficiaries for the month of January

Reading time: < 1 MinuteThe Real Estate Development Fund announced the deposit of more than 912 million riyals in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for January 2023, as part of the ongoing efforts to improve the affordability of housing, in line with the objectives of the Housing Program - one of the programs of the Kingdom's Vision 2030 - to provide opportunities to own suitable housing for Saudi families, from ... Read more

Autumn: Saudi Arabia takes a strategic and comprehensive approach to building infrastructure with a global concept

Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef

Reading time: 2 MinutesMinister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef emphasized that the Kingdom is taking a strategic and comprehensive approach to building the right world-class biotechnology infrastructure that will attract the best talents, promote innovation, and lead the Kingdom globally in the field of healthcare and life sciences. This came during Al-Khorayef's participation in the Ministerial Dialogue Session at the Riyadh Global Biomedical Technology Summit, ... Read more