Month: March 2023

Agreement to operate 8 hotel brands and 4,400 hospitality units in Medina

by

Reading time: < 1 MinutePrince Faisal bin Salman bin Abdulaziz, Governor of Madinah and Chairman of the Board of Directors of the Madinah Development Authority, witnessed the signing ceremony of an agreement between City Visions Holding Company (a Public Investment Fund company) and Marriott International Hotel Group to operate 8 hotel brands within the City Visions project, under which 4,400 hospitality units will be operated within the project, located east of the mosque ... Read more

Ejar: One million commercial contracts documented in the electronic network of rental services

by
Rent - Residential Contracts - Refunds

Reading time: 2 MinutesThe Ejar program announced that the commercial rental sector has achieved record numbers by documenting more than one million commercial leases in the electronic network for rental services since its establishment, revealing that nearly 500,000 commercial leases have been documented during the past 12 months, indicating that these numbers were achieved in light of the services and advantages provided by the Ejar network to the beneficiaries of ... Read more

925 million riyals deposited in the accounts of residential beneficiaries for the month of March

by

Reading time: < 1 MinuteThe Real Estate Development Fund announced today the deposit of more than 925 million riyals in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of March 2023, as part of the continuous efforts to support beneficiaries, to achieve the objectives of the housing program - one of the programs of Saudi Vision 2030 - to raise the percentage of home ownership of citizens to 70%. The Fund's CEO explained ... Read more

Ministry of Industry launches second phase of «Factories of the Future» program»

by
Ministry of Industry logo

Reading time: 2 MinutesThe Ministry of Industry and Mineral Resources announced the launch of the second phase of the Future Factories Program, which targets factories in the first tranche of the program, consisting of 217 factories, which achieved an advanced level of self-assessment according to the SIRI standard with a rate of 2.4. The Ministry explained that this phase focuses on verifying the results of the self-assessment, where the factories will be distributed in tracks that include factories classified ... Read more

ROSHN Real Estate signs cooperation agreement to boost its operations

by
Roshan Real Estate Company - Residential Projects

Reading time: < 1 MinuteROSHN Real Estate Group, one of the Public Investment Fund's major companies, has announced the signing of a one-year cooperation agreement with Takamul Business Services, which will give ROSHN greater access to services for government contractors. ROSHN's Chief Information Technology Officer, Jayesh Maganlal, said in a statement today that the group seeks to collaborate with the best ... Read more

«National Housing receives digital government business license

by
National Housing Company

Reading time: < 1 MinuteNational Housing Company, represented by CEO Mohammed bin Saleh Al-Batti, received the Digital Government Business License issued by the Digital Government Authority (DGA) as part of the third package of general interim licenses for five companies, in the presence of His Excellency the Governor of the Authority, Engineer Ahmed bin Mohammed Al-Suwayan, and a number of officials and CEOs. National Housing received the Digital Government Business License, which was issued by the Digital Government Authority (DGA) as part of the third package of general phased licenses for five companies. Read more

General Real Estate Authority: White land fees could reach 10% and we stopped issuing sukuk in Riyadh for these reasons

by
Head of the Real Estate Authority

Reading time: 2 MinutesThe CEO of the General Real Estate Authority, Abdullah Al-Hammad, revealed that white land fees may reach 10% in its maximum limit, according to the proposals that are currently being studied with the aim of increasing or raising the efficiency of the fees, explaining that “stopping the sukuk” in Riyadh is a temporary “surgical intervention.” The CEO of the General Authority for Real Estate, Abdullah Al-Hammad, said in an interview on the “Al-Liwan” program hosted by Abdullah Al-Mudaifer. Al-Hammad explained during an interview with the “Al-Liwan” program hosted by journalist Abdullah Al-Mudaifar ... Read more

Dubai records 305 real estate sales worth USD 198 million on Friday

by
Dubai - Real Estate Deals and Sales 

Reading time: < 1 MinuteReal estate transactions at the Dubai Land Department on Friday amounted to more than 973 million dirhams, or 198 million dollars, including 728 million dirhams of real estate sales. The department witnessed 305 sales worth 728 million dirhams, including 25 land sales worth 110 million dirhams and 280 sales of apartments and villas worth 617 million dirhams, according to Emirates News Agency. It came ... Read more

Custodian of the Two Holy Mosques and Crown Prince inaugurate Joud Housing's 150 million riyals IPO

by
Custodian of the Two Holy Mosques and Crown Prince

Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, inaugurated the “Joud Housing Charity IPO” campaign launched by the “Joud Housing” platform, by making two generous donations of (150) million riyals, where the Custodian of the Two Holy Mosques donated 100 million riyals, ... Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.