Month: December 2023

Industry: More than 36,000 certificates of origin issued in November

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Ministry of Industry and Mineral Resources - Certificate of Origin

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources issued 36,896,000 “Certificates of Origin” last November as part of its efforts to support and streamline services for exporters across various sectors—including industrial, commercial, and individual sectors. A certificate of origin is a document certifying that products exported abroad are of domestic origin or have acquired domestic origin status. The service is intended for industrial establishments, … Read more

Clarification from the Ministry of Commerce on the violations and offenses of board members and the company's director

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Ministry of Commerce - Saudi Companies

Reading time: < 1 MinuteThe Ministry of Commerce has revealed a list of violations and offenses stipulated in the new Companies Law and its implementing regulations, which may be committed by a chairman of the board of directors, a member of the board of directors, or a manager of a company. The Ministry of Commerce clarified that the most significant offenses and violations that a company’s chairman, board member, or manager may commit include failure to file … Read more

Hail Chamber discusses the transformation and empowerment program for real estate developers in a workshop today

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Reading time: < 1 MinuteThe Hail Chamber of Commerce, represented by its Construction and Real Estate Committee, in cooperation with the Ministry of Municipal, Rural Affairs, and Housing and the Regional Secretariat, is organizing a workshop today titled “Transformation and Empowerment Program for Real Estate Developers,” with the participation of specialists in the fields of finance, investment, and real estate development. The workshop will take place at 4:00 p.m. today, Wednesday, at the Chamber’s headquarters. The workshop will cover an introduction to transformation and empowerment programs for real estate developers and the latest construction technologies, … Read more

100 housing units for the neediest families of development housing beneficiaries

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Reading time: < 1 MinuteThe Minister of Municipal, Rural, and Housing Affairs, Majid bin Abdullah Al-Hogail, witnessed the signing of a cooperation agreement between the Ma’wa Charitable Association and the Arab National Bank (ANB) to build 100 housing units for the most needy families among the beneficiaries of developmental housing in various regions of the Kingdom as part of the “Rahab” community project. Under the agreement, the Arab National Bank will be responsible for constructing the housing units as part of sustainable community development initiatives, as … Read more

Saudi Contractors Authority honors the winners of excellence awards in the contracting sector

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Reading time: < 1 MinuteThe Saudi Contractors Authority honored the winners of the third edition of the Excellence Awards in the Construction Sector, in the presence of His Excellency the Deputy Minister of Municipal, Rural Affairs, and Housing, Engineer Abdullah bin Muhammad Al-Badeer, and the Chairman of the Board of Directors of the Saudi Contractors Authority, Engineer Zakaria bin Abdulrahman Al-Abdulqadir. The Excellence Awards are part of the Authority’s strategic role in supporting and developing the construction sector in the Kingdom, and in motivating … Read more

6.6 million residential leases in the online network

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Real Estate Marketing - Lana Al-Shabaneh - The Line

Reading time: < 1 Minute    Statistics and data from the General Real Estate Authority reveal that the number of rental contracts notarized on the «Ejar» have exceeded eight million since the platform’s launch. Of these, residential lease agreements totaled more than 6.6 million, while commercial lease agreements totaled more than 1.3 million. 2.8 million contracts in 2023, with 2023 being the highest … Read more

Diriyah Gate Development Authority denies misinformation about the expropriated lands

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Diriyah Gate Development Authority

Reading time: < 1 MinuteThe Diriyah Gate Development Authority issued a statement today, Monday, clarifying reports circulating regarding land located within the vicinity of the Diriyah project. According to the statement, the Diriyah Gate Development Authority denied the inaccurate information circulating on social media platforms regarding land that has been expropriated and is located within the vicinity of the Diriyah project. The Diriyah Gate Development Authority stated that it is monitoring the implementation of … Read more

“Enforcement assigns 165 properties for sale and liquidation in 7 regions and cities

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Real estate auctions

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaaz” announced that it will hold 21 public auctions from December 11 through December 20, with the auctions taking place both in person and online to sell and liquidate 165 residential and commercial properties across seven regions and cities in the Kingdom. The center explained that the auctions include 10 auctions in the Riyadh region featuring 81 diverse real estate opportunities, … Read more

Initiative to boost participation of local contractors in Public Investment Fund projects

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Public Investment Fund

Reading time: < 1 MinuteThe Council of Saudi Chambers, represented by the National Contractors Committee, in collaboration with the Public Investment Fund, held a meeting at the Fund’s headquarters, a meeting for the initiative to promote the participation of national contracting companies in the Fund’s projects. This was part of joint efforts to activate the role of the Saudi private sector in the Fund’s current and future projects and investments, increase local content, raise the sector’s contribution to GDP, and enhance its competitiveness. The meeting was attended by the Chairman of … Read more

Industry: 1,435 field visits to industrial facilities last month

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Ministry of Industry logo

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources, represented by the General Directorate of Branches, “1,435” field visits to industrial facilities in a number of regions across the Kingdom during the month of November; this was part of the Ministry’s periodic inspections to monitor factories, assess their readiness, and ensure their compliance with quality standards and necessary requirements. 430 visits were made to factories in the Riyadh region, and the official spokesperson explained … Read more

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