Month: May 2024

Reports: Real estate activities the highest growth in investment licenses issued during Q1 2024

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Building license via Baladi platform

Reading time: 2 MinutesThe Saudi Investment and Economic Monitor report issued by the Ministry of Investment, which covers economic activities in the Kingdom during the first quarter of 2024, revealed that the real estate activity is the highest growth in investment licenses issued during the first quarter of 2024 compared to the same period of the previous year, with a growth rate of 253.3 %. The report indicated that the data ... Read more

To prepare young people for the labor market Al Diriyah Company announces the start of a training program in the field of hospitality

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Reading time: 2 MinutesDiriyah Hospitality Company has announced the start of a training program targeting young men and women by qualifying them to work in Diriyah's first hospitality project at Bab Samhan Hotel, a Marriott Luxury Collection hotel, with registration for the program starting today. The trainees will undergo an intensive training program by experts in the hospitality industry through a program that has been ... Read more

ROSHN launches show villas in Warfa Community and invites customers to see the quality of the designs

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Reading time: 2 MinutesROSHN Group, a leading national real estate developer and a wholly-owned subsidiary of the Public Investment Fund (PIF), has launched a range of showcase villas, townhouses and duplexes at Warfa, its residential community located in eastern Riyadh. The group has invited customers to visit the showcase villas to get an up-close look at the quality and design of the homes, and to familiarize themselves with the overall design of Warfa, which will accommodate ... Read more

“Sakan showcases its housing solutions at IENA

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Housing organization - housing unit

Reading time: < 1 MinuteThe Community Development Housing Corporation (Sakan) is participating in the International Exhibition for the Nonprofit Sector (IENA), which was launched under the patronage of His Royal Highness Prince Faisal bin Bandar, Emir of Riyadh, in the presence of His Excellency the Minister of Human Resources and Social Development and Chairman of the National Center for Nonprofit Sector Development, Engineer Ahmed bin Sulaiman Al Rajhi. Sakan's participation in the exhibition, represented by its initiative “Joud ... Read more

SAR 1.36 billion in profits for the utilities sector during the first quarter 2024

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Saudi Electricity Company

Reading time: < 1 MinuteThe profits of the utilities sector companies listed on the Saudi market rose during the first quarter of 2024, compared to the comparative quarter of last year, supported by the jump in profits of the Saudi Electricity Company. According to the companies“ disclosures, in statements on ”Tadawul", the consolidated profits of the sector companies amounted to 1.36 billion riyals, compared to 962.2 million riyals, the profits of those companies during the same quarter of the year ... Read more

The real estate exchange has completed 240 thousand transactions worth 540 billion riyals since the beginning of 2024

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Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteThe Ministry of Justice revealed that the real estate exchange transactions exceeded 538.9 billion riyals since the beginning of 2024. The number of real estate operations traded by the exchange reached 244,000 real estate operations, which varied between real estate emptying, sorting and merging real estate, and mortgage and real estate financing services.

SAR 800 billion in residential real estate financing by the end of Q1 2024

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Saudi Central Bank

Reading time: < 1 MinuteSaudi Central Bank (SAMA) data and statistics revealed that residential real estate financing by the end of the first quarter 2024 reached 800 billion riyals, up from the same quarter of the previous year by nearly 95 billion riyals. The figures of the monthly bulletin showed that the new residential real estate financing granted to individuals and companies from banks in the Kingdom rose in the first quarter of 2024 to ... Read more

Al Diriyah Company announces the start of construction of office spaces in “Al Diriyah Square”

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Administrative offices and residential real estate

Reading time: 2 MinutesDiriyah Company has started construction work on five office and administrative buildings in Diriyah Square, which will enhance the business community's diverse offerings and infrastructure options, in accordance with the highest standards of sustainability, in line with the authentic Najdi architectural style. The five low-rise office buildings provide approximately 39,000 square meters of space... Read more

Riyadh's Infrastructure Project Efficiency Guidelines

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Riyadh Region Infrastructure Projects Center - Infrastructure Projects

Reading time: < 1 MinuteThe Infrastructure Projects Center in Riyadh has announced the issuance of a guidebook for excavation work in infrastructure projects, in a move aimed at standardizing procedures and improving the quality and efficiency of the implementation of these vital projects. The guide is an integral part of a comprehensive plan aimed at improving the performance of infrastructure projects in the Riyadh region, according to the center's executive vice president for planning, Engineer Badr bin Mohammed Al Tamimi. Read more

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