Month: February 2024

Telecommuting. The future of employment is at stake for commercial real estate

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Remote Work

Reading time: 2 Minutes  The remote work system has become an urgent need for many companies and institutions after the COVID-19 pandemic experience proved its success and achieved many gains, which prompted some employers to change their style and move towards hybrid work or hiring remote workers, and they are now, for the first time, reaping the fruits of this switch. The commercial real estate sector has been affected. Read more

Jeddah Municipality removes an encroachment on a public park in Al Naseem neighborhood

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Grandma

Reading time: < 1 MinuteJeddah Municipality has removed encroachments on part of a public park in the Naseem neighborhood of the Sharafiya area on an area estimated at 300 square meters, as part of the control tours carried out by the municipality to apply regulations to all violating sites. Jeddah Municipality explained that the control teams were able to identify buildings that encroached on a public park in the Naseem neighborhood of the Sharafiya municipality, ... Read more

Municipality of the Holy Capital begins enforcing gas station violations

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Municipality of the Holy Capital - Building Violations

Reading time: < 1 MinuteThe Municipality of the Holy Capital has started working on the various groups of the updated penalty schedule for municipal violations, which was recently approved by the Ministry of Municipal and Rural Affairs and Housing, with the aim of applying the highest standards of safety, public health and safety of facilities, reducing visual distortion, enhancing the level of awareness of municipal regulations and requirements, providing a suitable environment and raising compliance rates. The Secretariat explained that the updated penalty schedule has ... Read more

New partnerships to accelerate delivery of residential projects at ROSHN

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Roshan Real Estate Company - Residential Projects

Reading time: 2 MinutesROSHN Group has signed agreements and contracts with local partners to accelerate delivery across Saudi Arabia. The partnerships include the design and construction of more than 400 single-family homes, public facilities and services in the F1 and D1 neighborhoods of ROSHN's Al Falwa community in the Eastern Province, as well as the design and construction of drinking water and sewage pipelines ... Read more

0.7 % Rise in the Kingdom's Real Estate Price Index in 2023

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General Authority for Statistics - Residential Rental Prices

Reading time: 2 MinutesThe General Authority for Statistics (GASTAT) revealed in its annual report that the annual average real estate price index in Saudi Arabia increased by 0.7% during the last year 2023, compared to the annual average of the previous year 2022, due to the increase in the average prices of the residential sector by 1.1%. According to the General Authority for Statistics, the residential sector was affected on an annual basis by the increase in the prices of residential plots by ... Read more

In detail... Requirements for the construction of residential buildings according to the “Municipal Affairs”

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Building license via Baladi platform

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing (MOMRAH) has launched the requirements for the construction of residential buildings on a survey platform to take public opinions until February 21, 2024. These requirements aim to meet the aspirations of the final beneficiary, in accordance with international best practices that lead to raising the quality of life, encouraging investment factors, improving the urban landscape, and controlling the development process, which will have a positive impact on ... Read more

870 billion dollars invested in smart cities by 2026

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Smart Cities Report

Reading time: 2 MinutesThe Saudi government's policies, by focusing the budget on basic services for citizens and the multiplicity of spending in vital sectors, succeeded in entering four Saudi cities in the IMD Smart Cities Index for the first time, as the year 2023 was full of achievements in humanizing cities and the quality of life in them. The Saudi capital Riyadh maintained its position as the third smartest city in the IMD Smart Cities Index for the first time. Read more

Al-Hogail: 4 Saudi cities to be ranked in the “Smart Cities Index” in 2023

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Al-Haqeel delivers his speech at the Global Smart Cities Forum

Reading time: 2 MinutesHis Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, revealed that four Saudi cities were classified within the Smart Cities Index during the past year, pointing out that the ministry aims to classify at least 10 Saudi cities within the top 50 global cities by achieving governance, sustainability and interaction with residents to meet their aspirations and desires and achieve the well-being of ... Read more

Infographic: 7 companies receive building materials quarry licenses to exploit Al Asyah's bahas ore

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Ministry of Industry and Mineral Resources - Certificate of Origin

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources announced the names of 7 winning companies in the competition to obtain building materials quarry licenses to exploit the Bahas ore from the Al-Asiyah complex in the Qassim region. The names of the winning companies are: (Aflaa Al-Rais Industrial Company, Al-Emdad Al-Raid Cement Company, Al-Rousan Contracting Company, Al-Fouzan Trading and Industry Company, Saleh Abdulrahman ... Read more

Standardized specifications for smart cities launched in collaboration with SEDAYA Get to know them

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Reading time: < 1 MinuteHis Excellency the Governor of the Saudi Standards, Metrology and Quality Organization (SASO), Dr. Saad bin Othman Al-Qasabi, announced the launch of the Saudi Standard Specifications for Smart Cities in cooperation with the Saudi Data and Artificial Intelligence Authority (SDAIA). This came during his participation in a dialogue session during the activities of the first Global Smart Cities Forum in the Kingdom, organized by SDAIA at the Arena Center in Riyadh during the period from 12 ... Read more

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