Month: November 2023

775 billion riyals in foreign investments in Saudi Arabia in 2022

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Foreign investments

Reading time: 2 MinutesThe Ministry of Investment recently announced updated statistics on foreign direct investment in the Kingdom following approximately 18 months of joint work between the Ministry, the General Authority for Statistics, and the Saudi Central Bank, and after ensuring their alignment with international best practices, as outlined in the Balance of Payments and International Investment Position Manual issued by the International Monetary Fund. Analysis of data from more than 10,000 … Read more

“Saudi Real Estate Refinance Company issues SAR 3.5 billion in local bonds

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Saudi Refinancing Company

Reading time: < 1 MinuteThe Saudi Real Estate Refinancing Company (SRC)—wholly owned by the Public Investment Fund—announced the success of its latest sukuk issuance worth 3.5 billion Saudi riyals, as part of its SAR-denominated program backed by government guarantees. The issuance included two final tranches to complete the SAR 20 billion domestic sukuk program, with dual maturities of 5 and 7 years. … Read more

“The Real Estate Fund Signs Two Agreements to Provide Support and Financing to Companies in the Sector

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Real Estate Development Fund - Housing Subsidies

Reading time: < 1 MinuteThe Real Estate Development Fund has signed two agreements with Masar Al-Nomu Finance Company to provide support and financing to companies in the real estate development sector. The agreements aim to stimulate the real estate development sector to build residential projects at competitive prices and high quality that meet the needs of “Sakani” beneficiaries through diverse financing and housing options and solutions to achieve the objectives of the housing program —one of the programs of the Kingdom’s Vision 2030. The agreements were signed by … Read more

5 tips to help you decorate your new home

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Home decorations

Reading time: < 1 MinuteFor those who prefer living in a new home and want to create a cheerful and unique design and decor, they should learn how to decorate their home in a stylish way that makes the most of the space, There are some steps you can follow when designing your interior decor like a pro to create an attractive look, according to The New York Times. First, determine the space—you shouldn’t go shopping just because the house… Read more

Green Concrete. New eco-friendly mixes

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Building Technologies - Green Concrete

Reading time: 2 MinutesIn concrete plants around the world, mixing trucks receive a polluted mix of sand, gravel, water and cement, but a facility outside of Washington, D.C., is adding a new ingredient to clean up the process: carbon dioxide. This hybrid mix - known as “green” concrete - is reducing the carbon footprint of one of the world's most polluting industrial sectors, and shows ... Read more

Al-Jouf Municipality issues 869 construction licenses and 1064 compliance certificates in 3 months

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Al-Jouf Secretariat

Reading time: < 1 MinuteOmar bin Abdulaziz Al-Hamwan, the official spokesperson for the Al-Jouf Municipality, stated that the statistical report on the activities of the Building Permits Department and the General Surveying Department at the Municipality for the period from June to September 2023, indicated that the total number of transactions completed by the Building Permits Department reached 1,148, and 422 by the Surveying Department. He also revealed that 869 building permits and 1,064 certificates of compliance were issued, as well as … Read more

End of the feedback period on the draft executive regulations of the Real Estate Contributions Law

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Spokesperson for the General Real Estate Authority - Penalty for providing real estate informationTaysir Al-Mafraj

Reading time: < 1 MinuteThe General Real Estate Authority announced that the period for submitting comments and observations on the draft executive regulations for the Real Estate Contribution System, published on the “Istisala,” ended yesterday, Monday, confirming that the acceptance of license applications for real estate contributions will begin next January, and the application process will be announced via the dedicated online platform. The Authority’s official spokesperson, Taysir Al-Mufarraj, confirmed that the Authority has organized a series of … Read more

Saudi Contracting Excellence Conference continues for second day

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Saudi Contracting Excellence Conference

Reading time: 2 MinutesThe Saudi Conference on Excellence in Construction continues its activities for the second and final day, following its launch yesterday by His Excellency the Deputy Minister of Municipal, Rural Affairs, and Housing, Engineer Abdullah bin Mohammed Al-Bader, at The Ritz-Carlton Hotel in the capital, Riyadh. In his speech during the conference opening, Al-Bader emphasized that the objectives of Vision 2030 represent a fundamental pillar of growth and prosperity and play a role in enabling numerous initiatives … Read more

Saudi Contractors Authority and the Ministry of Foreign Affairs sign an agreement to exchange services

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Saudi Contractors Authority

Reading time: < 1 MinuteThe Saudi Contractors Authority and the Ministry of Foreign Affairs signed a memorandum of understanding today, in the presence of His Excellency Abdulhadi bin Ahmed Al-Mansouri, Assistant Minister for Executive Affairs. The Saudi Contractors Authority was represented at the signing by Secretary-General Abdulmajeed bin Mohammed Al-Rashoudi, while the Ministry of Foreign Affairs was represented by Director General of Construction Projects Ahmed bin Khalil Al-Muslamani. The memorandum aims to strengthen joint cooperation between the Authority … Read more

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