Month: February 2023

«National Housing launches Al Fursan suburb on an area of 35 million m2

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Reading time: < 1 MinuteThe National Housing Company held a ceremony today, Wednesday, to inaugurate and sign agreements for projects in Al-Fursan Suburb, which is the largest residential suburb in the Kingdom, under the patronage of His Highness Prince Faisal bin Bandar bin Abdulaziz Al Saud, Governor of Riyadh Province, and in the presence of Minister of Municipal, Rural Affairs, and Housing Majed Al-Hogail; His Highness Prince Faisal bin Abdulaziz bin Ayyaf, Mayor of Riyadh; and the company’s CEO, Mohammed bin … Read more

«Municipality and Housing» and «Investment» sign MoU with Spain's Orbas

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Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs, and Housing, represented by the Agency for Stimulating Housing Supply and Real Estate Development, and the Ministry of Investment signed a memorandum of understanding with the Spanish company Orbas, with the aim of supporting and developing investment in the Kingdom of Saudi Arabia. The memorandum of understanding was signed by Abdulrahman bin Abdullah Al-Tawil, Deputy Minister for Housing Supply Stimulation and Real Estate Development, representing the Ministry of Municipal, Rural Affairs and Housing, while on the other side… Read more

Issuance of invoices for the seventh cycle of the first phase of white lands in Jeddah

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White Land Fees Program

Reading time: < 1 MinuteThe White Land Fees Program has issued invoices for the seventh cycle of the first phase in Jeddah for the year 1444/1445 AH, calling on the owners of the relevant lands to either develop their properties or pay the fees within one year of the invoice issuance date. The program clarified in a statement today that failure to pay within the specified period will result in a penalty of up to 100% of the fee amount, in addition to … Read more

«Housing» launches tomorrow the procedures manual for infrastructure projects in the municipal sector

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipal, Rural Affairs and Housing is organizing the PDM Forum on Transformation in Infrastructure Project Management tomorrow, Thursday, in Riyadh, under the patronage of Minister of Municipal, Rural Affairs and Housing Majed bin Abdullah Al-Hogail. The forum will be accompanied by the launch of the Infrastructure Projects Procedures Guide for the Municipal Sector, through which the Ministry seeks to achieve an ambitious transformation toward excellence and enhance integration to achieve leadership in … Read more

Public Investment Fund invests SAR 5 billion in 4 companies in the construction sector

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Public Investment Fund

Reading time: 2 MinutesThe Public Investment Fund announced today, Tuesday, that it is investing a total of 5 billion riyals by subscribing to new shares through a capital increase representing minority stakes in four leading national companies operating in the construction and building services sector, namely: “Nasma & Partners Contracting Company,” ”Al-Saif Engineers & Contractors,” ”Al-Bawani Holding Company,” and ”Al-Mabani Company … Read more

Architecture Commission explores the future of design in a virtual meeting

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Reading time: 2 MinutesThe Architecture and Design Authority held an open virtual meeting titled “The Future of Design,” with stakeholders, experts, and practitioners in the design sectors, attended by the Authority’s CEO, Dr. Sumaya Al-Suleiman; to promote effective communication with the community, exchange perspectives, and highlight the Authority’s role in serving the sector. Dr. Sumaya Al-Suleiman opened the meeting with an introduction to the sector, which is a creative expression manifested in the built environment and products … Read more

Inauguration of the Jeddah Waterfront Development Project

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Reading time: < 1 MinuteThe Ministry of Culture, represented by the Historic Jeddah Program, launched yesterday the Historic Jeddah Waterfront Development Project, which is part of the “Revitalization of Historic Jeddah” initiative, which was launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister—may God protect him—in September 2021. His Royal Highness Prince Badr bin Abdullah bin … Read more

 CBUAE licenses a new company in consumer microfinance

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Saudi Central Bank

Reading time: < 1 MinuteThe Saudi Central Bank announced that it has licensed a new finance company to operate in the micro-consumer finance sector: Fuel Finance Company. This step stems from the Saudi Central Bank’s role in supporting the financing sector by allowing new financing activities to enter the market to strengthen and support the sector. It also helps attract a new segment of investors and companies with medium-sized capital that generate value … Read more

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