Month: January 2024

“Aquilum. NEOM announces its latest luxury destination in the mountains

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NEOM Project - Factory

Reading time: < 1 MinuteNEOM's Board of Directors has announced Aquellum, its latest luxury destination nestled in the mountains, which will be a lifestyle-inspired community featuring residential and hospitality units and various facilities, offering exceptional experiences backed by innovative architectural designs and state-of-the-art technology. Located on the coast of the Gulf of Aqaba, Aquilem is located on the coast of the Gulf of Aqaba, within ... Read more

Launching the Islamic Civilization Village project in Madinah

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Reading time: 2 MinutesCity Visions Holding Company launched yesterday the Islamic Civilization Village project to be an attractive and distinctive Islamic destination that enriches the journey of guests coming from all over the world to visit Medina, and allows them to enjoy their stay, by offering a cultural and educational experience full of various activities, distinguished and integrated hospitality services, and valuable historical displays that reflect multiple aspects of the world's history ... Read more

Autumn: 90% Mineral wealth value rises to 9.375 trillion riyals

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Reading time: < 1 MinuteThe Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, announced on Wednesday that the value of estimated mineral resources in the Kingdom has increased by 90% to reach the equivalent of 9.375 trillion riyals, compared to the estimates announced in 2016, which at that time amounted to 5 trillion riyals. Al-Khorayef emphasized during his opening speech at the ... Read more

The third edition of the International Mining Conference kicks off in Riyadh

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International Mining Conference

Reading time: 2 MinutesUnder the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the third edition of the International Mining Conference kicked off today at the King Abdulaziz International Convention Center in Riyadh. During his opening speech, Minister of Industry and Mineral Resources Mr. Bandar bin Ibrahim Al-Khorayef stressed the keenness of the wise leadership - supported by ... Read more

Courts to conduct nearly 4,000 auctions in 2023

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Auction - Courts

Reading time: < 1 MinuteOfficial data and statistics revealed that the number of public auctions carried out by the execution courts in Saudi Arabia is about 4,000 public auctions during 2023, with an average of about 11 auctions per day, of which investment and commercial real estate accounted for about 40%. The Riyadh region topped the list of executed auctions with 1,123 auctions, followed by Makkah courts with 934 auctions, and the Eastern Province with 537 auctions. Read more

“Taqeem Launches Fixed Course Initiative

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Saudi Commission for Certified Valuers

Reading time: < 1 MinuteThe Saudi Organization for Accredited Valuers (Taqeem), represented by Taqeem Academy, has launched the “Fixed Track” initiative for training courses in four branches of valuation: real estate valuation, economic facilities valuation, machinery, equipment and movable property valuation, and vehicle damage valuation. The fixed track is based on a new concept of delivering training courses in a sequential and organized manner, allowing trainees to build basic knowledge, ... Read more

Jeddah hosts OmranCom Construction and Real Estate Development Exhibition on January 28

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Grandma

Reading time: < 1 MinuteJeddah will host the OmranCom Construction and Real Estate Development Exhibition 2024, organized by the Jeddah Chamber from January 28 to 31, to learn about all the new Saudi and international construction developments to support the development of the construction and building sector at the Jeddah Events Center. The exhibition aims to support the role of the private sector and provide all developments in the fields of construction, decoration and real estate ... Read more

ROSHN signs MoU to provide electric vehicle charging infrastructure at its projects

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Reading time: < 1 MinuteROSHN, a leading real estate developer, has signed a Memorandum of Understanding (MoU) with EVIQ, a company specializing in electric vehicle charging solutions, to provide charging infrastructure for electric vehicles in ROSHN projects. According to the MoU, the two companies will collaborate to provide integrated charging solutions for electric vehicles at ROSHN projects, including the installation of fast, medium and slow charging stations. The projects include ... Read more

Off-plan real estate sales and leasing system comes into effect April 15

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Off-plan sales

Reading time: < 1 MinuteThe General Authority for Real Estate confirmed that the system of selling and leasing real estate projects on the map will be effective as of Ramadan 25, 1445 AH corresponding to April 4, 2024 AD, and its executive regulations will be published in the coming period. The General Authority for Real Estate explained that the “Sale and Leasing of Real Estate Projects on the Map” system aims to organize the activity of selling and leasing real estate projects on the map, and raise the level of transparency and disclosure ... Read more

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