Reading time: 3 MinutesAt the annual Consumer Electronics Show (CES) 2024, held in Las Vegas over the past few days, smart home experts noted that while spending time at home is expected to become more convenient and connected, smart home privacy is also a growing concern. That is why tech giants such as Samsung, Apple, Google, Amazon, and a range of device manufacturers… Read more
Reading time: < 1 MinuteOil Park Development Company, a subsidiary of the Public Investment Fund and the developer of THE RIG project, announced today the launch of the project’s master plan, which represents an ambitious vision that will redefine water sports and adventure tourism, in line with the Public Investment Fund’s strategy and the Kingdom’s Vision 2030, which aim to contribute to the growth of the tourism sector and, directly and indirectly, to the creation of job opportunities for talented individuals… Read more
Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources issued 33,529 “Certificates of Origin” in December 2023, 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 national origin or have acquired national origin status. The service is intended for industrial establishments, … Read more
Reading time: < 1 MinuteThe National Housing Company (NHC) announced that the completion rate for the “Sadaim Suburb” residential project, located in North Abhur in the city of Jeddah, has risen to over 351%, In addition, the number of contracts signed in the neighborhood has exceeded 500, with a total value surpassing 500 million riyals, all within a period of no more than five months since the launch of its projects in partnership with eight real estate developers. The Sadaim neighborhood is characterized by … Read more
Reading time: < 1 MinuteThe General Assembly of the Arab Union for Construction and Real Estate Development elected Dr. Lahak bin Luhaq Al-Otaibi as president of the Union, which comprises 18 Arab countries. Al-Otaibi expressed his appreciation for this vote of confidence, affirming that the Federation, through its specialized councils and committees, will work within the framework of joint Arab action to achieve its ambition of opening new horizons for cooperation with Arab institutions within the Arab League and with relevant government agencies… Read more
Reading time: < 1 MinuteHis Excellency Fahd bin Mohammed Al-Jubeir, Secretary of the Eastern Province, and Darwish Al-Ghamdi, Director General of the National Housing Company, discussed today at the Secretariat’s headquarters the latest developments and avenues for cooperation on new housing projects, as well as matters related to the National Housing Front Suburb project in the Eastern Province, and ways to facilitate the implementation of services for residential neighborhoods and identify their needs, in the presence of the Deputy Secretary-General for Services, Mahmoud bin Hassan … Read more
Reading time: < 1 MinuteThe Consumer Price Index (CPI) rose by 1.5% in December 2023, which is lower than the previous month (November 2023), when it stood at 1.7%, marking a slight year-over-year decline. Inflation rates in the Kingdom are stable compared to G20 countries and most other nations, reflecting the stability and resilience of the Saudi economy, as well as the effectiveness of the economic policies and measures that … Read more
Reading time: 2 MinutesReal estate articles: Bricks and mortar to bridge the gap between two worlds
Reading time: 2 Minutes5 Requirements for Accepting Real Estate Ownership Applications The “Ehkam” platform announced that five requirements must be met for real estate ownership applications to be accepted in the Kingdom of Saudi Arabia. In a statement, the platform clarified that the first of these conditions is that the application must be submitted before 5/5/1444 AH. Another condition is that the property in question must not be located in areas where ownership is not permitted under Sharia law or … Read more
Reading time: < 1 MinuteYesterday, the Secretary of the Al-Qassim Region, Engineer Muhammad Al-Majali, discussed with the Undersecretary for Allocation and Financial Sustainability at the Ministry of Municipal, Rural Affairs, and Housing, Ihab bin Mahmoud Hasouba, discussed investment opportunities and targets within the regional secretariat and its affiliated municipalities, and inspected several investment sites. Engineer Al-Majali expressed his gratitude to the Deputy Minister for his efforts and for the solutions that support investment in the region, through a package of … Read more
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