Month: September 2023

17,000 transactions on the real estate exchange worth SAR 17 billion during the first week of its launch

by
Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteDuring its first week of operation, the Ministry of Justice’s Real Estate Exchange saw the trading of approximately 61 million square meters of real estate across various regions of the Kingdom, with a total of 17,000 transactions valued at over 17 billion riyals. The number of beneficiaries of the Real Estate Exchange, which was launched early last week by Minister of Justice Dr. Walid bin Mohammed Al-Samaani, reached more than … Read more

Workshops to introduce the methodology of updating the Saudi building code system in the Kingdom's regions

by
Saudi Council of Engineers - Saudi Building Code

Reading time: < 1 MinuteThe National Committee for the Saudi Building Code, in collaboration with the Saudi Council of Engineers, held an introductory workshop on the ”Methodology for Updating the Saudi Building Code System,” attended by a number of experts and stakeholders in the construction sector. The workshop, held in the capital city of Riyadh, featured two tracks to present the Saudi Building Code system. The first track covered the General Saudi Code and the set of structural codes, … Read more

Public Investment Fund acquires Saudi Iron and Steel Company (SABIC)

by
Public Investment Fund

Reading time: 2 MinutesThe Public Investment Fund announced the signing of a share purchase agreement to acquire 100% of Saudi Iron and Steel Company (Hadeed) from Saudi Basic Industries Corporation (SABIC), According to the terms of the agreements, Hadid will simultaneously acquire 100% of the shares of Al Rajhi Steel Industries (“Al Rajhi Steel”) from Mohammed Abdulaziz Al Rajhi & Sons Investment Company (Al Rajhi Investment), in exchange for an increase … Read more

“National Housing launches easy installment program for those with salaries less than 7,000 riyals

by
National Housing Company

Reading time: 2 MinutesThe National Housing Company (NHC) announced the launch of its Affordable Installment Program, which is designed to meet the needs of beneficiaries in line with their varying financial capabilities and their need for suitable housing, as part of the company’s efforts to help achieve a homeownership rate of 70% by 2030. The first phase of the program applies to 12 projects, and the National Housing Company explained that the Affordable Installment Program … Read more

Technical link between the General Real Estate Authority and the ”E-Learning Center” to qualify real estate practitioners

by
Public Authority for Real Estate - Off-plan Selling

Reading time: < 1 MinuteThe General Real Estate Authority announced the completion of its technical integration with the National Center for E-Learning with the aim of enhancing cooperation between the two parties in the fields of e-learning and training, and professional development by unifying efforts to develop practical human capabilities in the real estate sector through enabling the transition to e-learning and training. The technical integration with the National Center for E-Learning includes enabling the General Authority … Read more

Sadeem suburb gets a huge turnout of buyers after sales open to all citizens

by
Sideim suburb

Reading time: < 1 MinuteReports indicate that some individual investors are showing interest in purchasing properties in the Sadaim Suburb project, the latest development by the National Housing Company (NHC) in Jeddah Province, which was launched on July 17, 2023. in a strategic location north of Obhur, near the Red Sea coast and numerous key services and important future projects. This interest stems from … Read more

“Enforcement”: More than 16 billion riyals have been recovered since the establishment of the attribution and liquidation center

by
Attribution and Filtering Center

Reading time: < 1 MinuteBy the end of the first half of this year, the Enforcement and Liquidation Center “Enfaaz” announced that it had achieved record figures in the amount of funds collected, which exceeded 16 billion riyals since the center’s establishment, It announced that it had collected more than 4.5 billion riyals during the first and second quarters of 2023 through the sale of more than 2,400 real estate assets. “Enfaz” explained that during the past six … Read more

GCC adopts “Unified General Rules for Property Owners” document”

by
Part of an international meeting of the Gulf Cooperation Council

Reading time: < 1 MinuteThe General Secretariat of the Gulf Cooperation Council (GCC) announced the adoption of the document titled “Unified General Rules for Real Estate Owners” for GCC member states. The GCC General Secretariat previously stated via its official account on Twitter that the GCC member states are in the process of adopting the document on the Unified General Rules for Real Estate Owners. The GCC General Secretariat added that this document regulates the management of real estate properties … Read more

Development Housing Program signs two agreements to provide suitable housing for the neediest families

by
Part of the signing of the two agreements for the development housing program

Reading time: 2 MinutesThe Developmental Housing Program has signed two tripartite agreements with the private Developmental Housing Foundation “Sakan” and ”Al-Shakirin Endowments for Community Service,” with the aim of providing housing for the most needy families covered by the developmental housing regulations, as well as those eligible for housing support but ineligible for mortgage financing, under the patronage of His Excellency the Minister of Municipal, Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail. Under the signed agreements, the program will … Read more

Easy recipes for cleaning and polishing copper pieces

by
Copper decorations

Reading time: < 1 MinuteRecently, there has been a resurgence in the popularity of brass decorative items that were traditionally used to adorn homes, such as faucets, curtain hardware, and light fixtures, but the downside of these items is that after just a few days of use, they begin to develop brown or white spots resembling salt, or a yellowish tint, and to maintain their luster, they must be polished… Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.