In detail... Future of Real Estate Forum 2024 discusses innovation, challenges and opportunities

Future of Real Estate Forum logo

Reading time: 2 MinutesThe sessions and activities of the “Future of Real Estate Forum 2024,“ to be held in Riyadh from January 22 to 24, will feature discussions and dialogues centered on several strategic themes related to the real estate sector at both the local and global levels, with broad participation from both local and international stakeholders. The event will feature more than 300 speakers attending and participating from over 85 countries… Read more

“National Housing announces application of discounted 2.59% mortgage with no salary cap

National Housing Company

Reading time: < 1 MinuteThe National Housing Company (NHC) announced the application of the reduced financing rate—“lowest financing profit margin”—offered by the Real Estate Development Fund to all residential projects it is developing in the suburbs and urban communities, at a rate of up to 2.59% without setting a salary cap for the first 10,000 off-plan sales contracts with four local banks. Implementation of financing contracts with four … Read more

Reconciliation Center concludes more than 6,000 commercial reconciliation cases

Conciliation platform

Reading time: < 1 MinuteThe Reconciliation Center has resolved more than 6,000 commercial conciliation cases through the “Tazari” online platform, bypassing litigation and court proceedings through streamlined and expedited procedures.This comes in fulfillment of the objectives of the “Activating the Reconciliation System” initiative, one of the initiatives of the National Transformation Program under Saudi Vision 2030. The Reconciliation Center provides reconciliation services through the “Tadari” digital platform, and the center aims to … Read more

Steel prices fall in December after 4 months of consecutive rises

Steel Prices - Rebar

Reading time: 2 MinutesData from the monthly bulletin issued by the General Authority for Statistics revealed a month-over-month decline in the average price per ton of steel in the Saudi market at the end of last December, following a series of increases that lasted four consecutive months. The data showed that the average price of a ton of steel in the Kingdom fell by 13.11% year-on-year by the end of the same month, with the average price per ton declining by … Read more

Cement prices in Saudi Arabia rose slightly in December

Reading time: < 1 MinuteThe monthly bulletin issued by the General Authority for Statistics revealed a rise in cement prices in the Saudi market during December, while prices for three categories of concrete declined during the same month on a month-over-month basis. The bulletin on average prices of goods and services issued by the General Authority for Statistics showed that the price of black cement (50 kg) stood at 14.83 riyals, an increase of 0.71% on a monthly basis, … Read more

Real estate registration work begins in Makkah region

Reading time: 2 MinutesThe General Real Estate Authority, in collaboration with the Royal Commission for Makkah City and the Holy Sites and the Municipality of the Holy Capital, announced the launch of the “Real Estate Registry” in Makkah. The General Real Estate Authority, in the presence of Prince Saud bin Mishaal bin Abdulaziz Al Saud, Deputy Governor of the Makkah Region, and in cooperation with the Royal Commission for Makkah City and the Holy Sites and the Municipality of the Holy Capital, announced the launch of … Read more

ROSHN expands partnerships and honors success partners at the ROSHN Supply Chain Forum“

Rushen

Reading time: 2 MinutesThe “Roshon” Group—one of the major projects wholly owned by the Public Investment Fund—concluded the “Roshen Supply Chain” Forum, which brought together more than 800 local and international supply chain leaders to explore opportunities for collaboration with the Roshen Group in transforming the real estate sector in the Kingdom of Saudi Arabia. The forum saw the signing of eight new partnership agreements, reflecting Roshen Group’s commitment to achieving the goals of the Vision … Read more

19 Saudi companies participate in the Arab Cement Industry Exhibition

Part of the participation of Saudi companies in the Arab International Cement Exhibition

Reading time: < 1 MinuteThe 19 Saudi companies participating in the 26th Arab International Conference and Exhibition for the Cement and Building Materials Industry, currently being held in Cairo, are attracting widespread attention and a notable influx of visitors to the exhibition, who are eager to learn about the products and services these companies offer, as well as their capabilities to meet domestic needs and export cement and building materials to foreign markets, while keeping pace with … Read more

Public Authority for Roads to launch more than 2,400 kilometers of road projects in 2023

New Roads - Road Projects

Reading time: < 1 MinuteThe Kingdom’s road sector witnessed significant and dynamic growth in 2023, driven by projects implemented in various regions of the Kingdom, with a total length of approximately 2,400 km per route, which will contribute to supporting the Kingdom’s current renaissance and achieving strategic objectives through road projects. The General Authority for Roads clarified that the implemented road projects included several initiatives, such as the project to widen … Read more