Month: October 2023

Judgments: Competent committees consider five applications for real estate ownership

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Ehkam Platform - Real Estate Applications

Reading time: < 1 MinuteThe General Secretariat of the Committees for Reviewing Real Estate Ownership Applications (Ihkam), affiliated with the General Authority for State Real Estate, confirmed that the review committees are considering five applications for real estate ownership. The Secretariat stated that these applications include: applications for ownership, applications for formal amendments to deeds, applications to complete title deed procedures, and applications to amend title deeds within the boundaries of the Two Holy Mosques prior to Royal Decree (A/218) … Read more

Commercial records of heritage hotel activity rise 60% during Q3 2023

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Business registers

Reading time: < 1 MinuteThe Ministry of Commerce revealed that the number of existing business registrations for heritage hotels increased by 60% during the third quarter of 2023, The ministry noted that the number of commercial registrations for heritage hotels reached 1,544, compared to 963 at the end of the same quarter in 2022. The Makkah region topped the list of the top five regions in terms of active commercial registrations for heritage hotels, with 605 … Read more

Investment opportunity to operate and maintain construction and demolition waste recycling unit in Qassim

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Municipality of Qassim

Reading time: < 1 MinuteThe Al-Qassim Region Secretariat announced an investment opportunity for the private sector in the commercial sector, involving the operation and maintenance of a construction and demolition waste recycling facility in the city of Buraidah for a period of 3 years. The recently announced investment opportunity is located on a 10,000-square-meter site, and the deadline for purchasing the bid documents and the date for opening the bids is set for November 21, 2023. This comes as part of the programs… Read more

Investment opportunity to establish and operate a block and concrete factory in Qassim

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Municipality of Qassim

Reading time: < 1 MinuteThe Al-Qassim Region Secretariat has offered an investment opportunity to the private sector to establish, operate, and maintain a block and concrete plant in the city of Buraidah for a period of 25 years. The recently announced investment opportunity is located on a 10,025-square-meter site, and the deadline for purchasing the bid documents and the date for opening the bids is set for November 21, 2023. This initiative is part of the Al-Qassim Region Municipality’s investment programs aimed at achieving the objectives … Read more

8,460 m3 of debris removed in Dhahran City during the third quarter of 2023

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Removing rubble and construction and demolition debris

Reading time: < 1 MinuteDuring the third quarter of this calendar year, the Eastern Province Municipality removed 8,460 cubic meters of debris and waste of unknown origin from neighborhoods in Dhahran, with the aim of addressing visual pollution and improving the urban landscape. The Secretariat also removed 810 concrete blocks, which were narrowing the streets and obstructing pedestrian traffic, in order to regulate traffic flow and ensure the comfort and safety of road users … Read more

Water and Electricity Regulatory Authority (WERA) releases guide to guaranteed standards for consumer protection

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Reading time: 2 MinutesAs part of the Water and Electricity Regulatory Authority’s ongoing review of regulations in the electricity sector, the Authority’s Board of Directors issued a resolution approving the Guide to Guaranteed Standards for Consumer Protection. The Authority has required all service providers to implement the guidelines to ensure that the target service level is met and to determine the compensation due in the event that an electricity service provider fails to meet the minimum requirements of these standards, within the framework of … Read more

IMF expects Saudi Arabia to achieve 4% growth next year

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Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Reading time: < 1 MinuteThe International Monetary Fund (IMF) projected that the Kingdom will achieve 4 percent growth in 2024, according to its report released today on the global economic outlook. According to the IMF, growth in the Middle East and Central Asia region is expected to reach 3.4 percent in 2024, rebounding from an expected 2 percent this year. The IMF also lowered … Read more

Al-Haqeel inspects a number of development projects in Hail

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Minister of Municipal and Rural Affairs and Housing inspects a number of development projects in Hail

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, visited the headquarters of the Hail Regional Secretariat during his inspection tour of the region, where he met with the Regional Secretary, Engineer Sultan bin Hamid Al-Zaidi, and a number of the Secretariat’s senior officials to review the municipal projects that have been completed in the region and the progress of development projects currently underway, emphasizing the need to complete them … Read more

4.5 billion dollars market share of AI in the construction sector by 2026

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The role of artificial intelligence in construction

Reading time: 2 MinutesArtificial intelligence (AI) have evolved to permeate all areas of life, including AI in construction, after having already entered the fields of industry, commerce, and many other areas that affect people’s daily lives. AI applications have now reached the fields of engineering, construction, and building at various stages. The use of AI in the construction sector is widespread, contrary to the belief that it is not applied there… Read more

Al-Haqil Reviews “Damanat” Company’s Future Plans… and Launches Its Website

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Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing and Chairman of the Board of Directors of the Real Estate Development Fund, reviewed yesterday the strategic direction of the Saudi Housing Guarantee Company “Damanat,” which aims to support the real estate financing and development sector, in line with the objectives of the Housing Program—one of the programs under the Kingdom’s Vision 2030—to facilitate beneficiaries’ journey toward owning suitable housing. His Excellency also launched … Read more

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