Month: February 2024

Al-Baha and Najran Municipalities launch temporary billboards permit service via Baladi app“

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Reading time: 2 MinutesYesterday, the Al-Baha Region Secretariat launched a service for issuing permits for temporary billboards via the “Baladi” app, with the aim of regulating billboards and reducing visual pollution by raising compliance standards in cities and regions, and coordinating sales advertisements for commercial establishments in cooperation with the Ministry of Commerce, as part of its efforts to enhance the quality of services provided to customers and regulate temporary billboards on the facades of commercial establishments. It explained … Read more

“Municipal and Housing Affairs” Launches “Temporary Billboard Permit” Service via the “Baladi” App”

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipal, Rural, and Housing Affairs has launched a service for temporary billboard permits via the “Baladi” platform and app, which aims to regulate temporary billboards on the facades of commercial establishments, improve compliance with visual standards, and coordinate advertisements for sales, services, or new products. The Ministry clarified that the temporary advertising permit must be valid for 90 days and must advertise a service … Read more

The Ministry of Commerce Announces the Start of the Ramadan and Eid al-Fitr Sales Season

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Ministry of Commerce - Saudi Companies

Reading time: < 1 MinuteThe Ministry of Commerce announced the start of seasonal sales for the blessed month of Ramadan and Eid al-Fitr at retail establishments and online stores, beginning today, Tuesday, and continuing through the 5th of Shawwal 1445 AH, corresponding to April 14, 2024 AD. It noted that the number of discount permits issued to retail establishments and online stores for the Ramadan and Eid al-Fitr season has so far reached 3,331, covering more than 5 million products, … Read more

Arcapita and Rakaz Real Estate develop a world-class logistics complex in Riyadh

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Logistics Park

Reading time: 3 MinutesGlobal alternative investment firm Arcapita Group Holdings Limited (“Arcapita”) and Rakaaz Real Estate Group (“Rakaaz”), one of the leading real estate developers in the Kingdom of Saudi Arabia, announced today the launch of a partnership to develop a world-class logistics services complex in Riyadh to meet the growing demand for high-quality real estate and in line with the requirements of leading regional and global tenants. They have named the project “Al-Takaath” … Read more

“National Housing” Welcomes Visitors to the “Restatex Real Estate” Exhibition and Outlines Its Future Plans

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National Housing Company

Reading time: 2 MinutesThe National Housing Company (NHC) is participating as a Diamond Sponsor of the “Restatex” real estate exhibition, which kicked off the day before yesterday and runs through February 21 at the Riyadh International Convention and Exhibition Center, bringing together those interested in the real estate sector—including developers, marketers, financiers, investors, and all segments of society—under one roof. The National Housing Company welcomes visitors interested in learning about projects located in the suburbs and communities, and is also showcasing in particular … Read more

Al-Haqeel: Ministry has issued more than 400,000 business licenses in the retail sector since 2019

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Al Haqeel - Business License - Quality of Life

Reading time: 2 MinutesHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, revealed that the total number of active commercial licenses in the retail sector from 2019 through the end of last year, 2023, exceeded 400,000, Efforts to stimulate the sector have resulted in the issuance of at least 70,000 licenses annually, recording steady growth of approximately 6%, he affirmed … Read more

“The Capital Market Authority Requires Institutions to Publish a Summary of Investment Risks in Real Estate Investments

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Saudi Capital Market Authority - Real Estate Contributions

Reading time: 2 MinutesThe Capital Market Authority has required financial institutions licensed to engage in real estate investment activities to publish a summary of the main risks involved in investing in real estate shares, while emphasizing that investing in real estate shares does not guarantee a profit or protect against losses. The Authority also clarified that a financial institution licensed to … Read more

“Enforcement” Oversees 54 Auctions to Sell More Than 500 Properties in 10 Regions

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Attribution and Liquidation Center Real Estate Auction

Reading time: < 1 MinuteThe Enforcement and Liquidation Center “Enfaaz” announced that it will hold 54 public auctions—both in-person and online—to sell and liquidate 522 residential and commercial properties in 10 different regions and cities across the Kingdom, during the period from February 19 – 29 February 2024. The Center explained that the auctions will be held in various regions across the Kingdom, with 19 auctions taking place in the Riyadh region to offer 227 real estate opportunities … Read more

“NEOM announces new resort in Trojina in collaboration with Raffles Hotels

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NEOM's logo

Reading time: < 1 MinuteNEOM and Raffles Hotels & Resorts have announced a partnership to develop a new resort in Trogina, NEOM’s mountain tourism destination. In a statement, NEOM said that “Raffles Trojena Resort,” scheduled to open in 2027, offers a new vision of hospitality and the discovery of nature’s beauty and charm in mountain destinations. The resort is set to feature 105 rooms spread across the hotel’s various sections. It is located … Read more

The Big 5 Exhibition Focuses on Product Categorization in Its 2024 Edition

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The Big 5 Exhibition

Reading time: < 1 MinuteThe Big 5 exhibition announced that the upcoming edition of the event will focus on product segmentation, in response to the evolving needs of the Saudi construction market, which has $1.6 trillion worth of projects in the pipeline. Kazi stated that the exhibition will bring together key players in the construction industry and related sectors, providing opportunities for networking, knowledge sharing, and exploring business opportunities … Read more

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