Reading time: < 1 MinuteSaudi Real Estate Refinance Company (SRC), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced that it has reduced its Long Term Fixed Rate (LTFR) by 26 basis points for maturities between 20 to 30 years, and fixed the rate for maturities less than 20 years. This comes in an effort to ... Read more
Reading time: < 1 MinuteDowntown Saudi Arabia, a wholly-owned subsidiary of the Public Investment Fund (PIF), signed a Memorandum of Understanding (MoU) with the National Waste Management Center (MWAN) on the sidelines of the “Waste Management Investment Forum” held in Riyadh, in the presence of His Excellency the Minister of Environment, Water and Agriculture, Engineer Abdulrahman bin Abdulmohsen Al Fadhli, in the presence of His Excellency the Minister of Environment, Water and Agriculture. During the signing, the company was represented by Board Member and Acting CEO ... Read more
Reading time: < 1 MinuteThe Riyadh Municipality, in cooperation with the General Authority for Endowments, has launched the service of issuing a “Waqf Building License”, in the quality of the General Authority for Endowments and the private endowment, through its services on the electronic portal, which contributes to facilitating the procedures for the beneficiaries and reducing the time and effort on the service seekers. The service allows those wishing to issue a building license to issue an immediate building license on ... Read more
Reading time: < 1 MinuteThe Assignment and Liquidation Center “Enforcement” announced the holding of 12 public auctions, ranging from in-person and electronic auctions, to sell more than 80 properties in various regions of the Kingdom, between February 27 and March 7, 2023. According to Enforcement, the properties vary between commercial, residential and agricultural lands, villas, buildings, rest houses and buildings.
Reading time: 2 MinutesThe second leg of NEOM's familiarization tours, which started in Jeddah under the slogan “Discover NEOM”, kicked off in the Eastern Province yesterday, aiming to showcase the promising opportunities NEOM currently and in the future to investors and local companies in the region, and inform them about the progress of NEOM's various projects. During the meetings, NEOM officials highlighted the most prominent investment opportunities in various sectors, ... Read more
Reading time: < 1 MinuteThe General Secretariat of the Kingdom's Real Estate Ownership Review Committees (Ihkam) has renewed its reminder to citizens and government agencies to review the announcements of real estate ownership applications on its platform. Ehkam said in a statement that those who have an objection to the announced application can apply within 30 days from the date of the announcement of the application by logging on to the platform. It is noteworthy that the Ihkam platform ... Read more
Reading time: 2 MinutesRed Sea International, the developer of two of the world's most ambitious regenerative tourism projects - The Red Sea and Amaala - has announced its partnership with leading health and wellness brand Clinique La Prairie, which will develop a 36,115 square meter luxury resort at Amaala, located on the northern coast of ... Read more
Reading time: < 1 MinuteThe Real Estate Development Fund announced today, Sunday, the deposit of more than 921 million riyals in the accounts of ”Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for February 2023, as part of ongoing efforts to improve the affordability of housing, to achieve the objectives of the housing program - one of the programs of Saudi Vision 2030 - to raise the percentage of homeownership of citizens to 70%.... Read more
Reading time: < 1 MinuteThe Third International Engineering Conference and Exhibition will kick off tomorrow under the theme: Engineering and the Road to 2030, organized by the Saudi Institution of Engineers, under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid Al-Hogail. The conference dedicated a dialogue session for their Excellencies entitled ”Engineering and the Road to 2030“. The third edition of the three-day conference, which will be held in Riyadh over three days, will ... Read more
Reading time: < 1 MinuteThe National Housing Company (NHC) announced the completion of the first phase of the Al Fursan suburb projects, which was launched last week. The company said that a second phase of reservations will be offered soon after the completion of the first phase. It is worth mentioning that the National Housing Company recently launched Al Fursan suburb with a total area of more than 35 million square meters, providing more than 50,000 units ... Read more
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