Reading time: < 1 MinuteThe sales of Saudi cement companies, whether local deliveries or exports, rose to about 3.1 million tons during last April, rising by 31.2% compared to the same month of last year 2023, which witnessed sales of 2.74 million tons. According to the data of cement companies on Tadawul, domestic sales of cement amounted to 2.92 million tons in the corresponding month, compared to ... Read more
Reading time: 4 MinutesThe real estate development sector in Oman is a promising sector and a key enabler for the implementation of investment opportunities. It is one of the most important areas that receive great attention, supported by the readiness of the infrastructure system, including roads, electricity, water, sanitation, organization and thoughtful planning for the future of this vital sector, said Khalid bin Nasser Al Mahrouqi, Director General of Real Estate Development at the Ministry of Housing and Urban Planning. The Ministry of Housing and Urban Planning's Director General of Real Estate Development, Engineer Khalid bin Nasser Al Mahrouqi, emphasized that ... Read more
Reading time: < 1 MinuteDuring the first quarter of this year, the General Authority for Real Estate carried out 21,312 awareness visits to real estate establishments in all regions of the Kingdom, in addition to carrying out 15 joint field campaigns with the participation of a number of government agencies, including: Riyadh, Eastern Province, and Makkah. It aims to ensure compliance with real estate legislation and regulations in general and the real estate brokerage system in particular and real estate transactions ... Read more
Reading time: < 1 MinuteMedina Municipality has announced an investment opportunity to establish, operate and maintain exhibitions on Sheikh Abdulaziz bin Saleh Road in Medina. This investment opportunity comes with the aim of achieving economic development and providing high-quality municipal services to investors, as the Municipality has allocated a land area of 4404 square meters for the establishment of exhibitions, a contractual period of 25 years and a grace period of 30 months, calling on investors ... Read more
Reading time: < 1 MinuteThe official spokesperson for the General Authority for Real Estate, Tayseer Al-Mufaraj, explained the benefits of the system of selling and leasing real estate projects on the map, which is manifested in several aspects on the real estate sector, most notably its growth and increase in projects of various sizes, opening job opportunities, in addition to increasing the sector's contribution to non-oil GDP. Al-Mufaraj said in a statement to Al-Ikhbariya TV that the system contributes to increasing the supply of ... Read more
Reading time: < 1 MinuteThe Supervisory Committee for the elections of the Saudi Contractors Authority announced the start of the electoral process for the membership of the Board of Directors of the Authority for the fourth session (2024-2027). The committee's chairman, Engineer Hassan bin Mohammed Zainuddin, explained that the committee consists of two members from the ministry, one of whom is the chairman of the committee, and two members of the main members of the Authority, and this committee has ... Read more
Reading time: < 1 MinuteThe Chamber of Commerce in Rafha governorate yesterday held an introductory meeting entitled “Real Estate Brokerage in Small, Medium and Large Enterprises”, in cooperation with the Leadership Empowerment Association for Training and Qualification, at the Rafha Chamber Theater. The meeting aims to spread awareness among real estate offices and those wishing to practice real estate brokerage, the definition of real estate brokerage and real estate marketing and its classification, the advantages and obstacles of real estate brokerage, and the way to obtain ... Read more
Reading time: 2 MinutesThe Kingdom of Saudi Arabia seeks to become one of the first countries in the world to have a clear strategy in the housing sector and a specific target for home ownership, by driving the real estate sector in general and addressing the main challenges faced by the sector, which will contribute to achieving the targets of the housing program by raising the ownership rate to 70% by 2030 after it reached 63.74% by the end of ... Read more
Reading time: < 1 MinuteDuring the first quarter of the current year 2024, Masaken Building and Development Association in Jazan delivered 106 housing units to the beneficiaries of developmental housing services with the support of the Ministry of Municipal and Rural Affairs and Housing. The executive director of the association, Abdo bin Mohammed Wasli, explained that the units provided to the beneficiaries of the association amounted to a total cost of 16,168,180 riyals, in the governorates of “Bish, Al-Arada, Abu Rish, ... Read more
Reading time: 2 MinutesThe General Authority for Real Estate clarified the requirements for obtaining a license for real estate projects on the map, after it opened the door to start receiving license applications following the executive regulations of the system for the sale and lease of real estate projects on the map. The Real Estate Authority said that the applicant must pass the qualification program approved by the Authority and submit a feasibility study of the project, including financial, construction and marketing data ... Read more
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