Month: May 2024

Riyadh Municipality detects several violations for dumping construction and demolition waste in open spaces

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Building Compliance Certificate

Reading time: < 1 MinuteThe Riyadh Region Secretariat has identified a number of violations involving the dumping of waste and demolition debris on vacant lots and roads in neighborhoods north of King Salman Road, as part of its inspection tours and follow-ups by its sub-municipalities, in accordance with its inspection and strategic plans. In addition, the campaign carried out by the Northern Municipality resulted in the seizure of trucks that had been using open spaces as parking lots and dumping construction and demolition waste… Read more

Infrastructure in Saudi Arabia. Billion-dollar projects to support sustainable development

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Infrastructure Projects

Reading time: 2 Minutes  The Kingdom’s infrastructure sector is witnessing remarkable development and growth, supported by Vision 2030 and the expansion of mega real estate projects such as “Al-Qiddiya,” “Nium,” “Red Sea,” and others. This has prompted the government to launch the National Infrastructure Fund in October 2021 and to invest in this vital sector, which is the backbone of economic growth. Supporting infrastructure projects, the value of infrastructure projects amounts to … Read more

Presidents of National Housing and National Water discuss ways to enhance cooperation

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Reading time: < 1 MinuteMohammed bin Saleh Al-Bati, CEO of the National Housing Company (NHC), welcomed Dr. Fouad bin Ahmed Al-Sheikh Mubarak, CEO of the National Water Company, today at the Interactive Center in the Khuzam suburb of Riyadh to discuss ways to strengthen mutual cooperation for the benefit of both parties. The visit is part of ongoing efforts to develop innovative solutions, keep pace with modern technologies and localize them, and open up new horizons … Read more

Statistics and Figures from the Real Estate Supply Chain Forum and Future Projects Forum

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Real Estate Supply Chain Forum Infographic

Reading time: 2 Minutes  Statistics and Figures on the Real Estate Supply Chain Forum and the Future Projects Forum: The National Housing Company (NHC) concluded the Real Estate Supply Chain Forum, which was attended by a number of officials from the public and private sectors, as well as local and international supply chain financiers, to explore opportunities for cooperation aimed at developing the Kingdom’s housing sector.   In the same context, a select group of government and private entities participated, … Read more

SRC signs an agreement to purchase a SAR 500 million real estate finance portfolio

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Reading time: 2 MinutesThe Saudi Real Estate Refinancing Company (SRC)—a subsidiary of the Public Investment Fund—signed a new agreement to purchase a real estate financing portfolio worth 500 million Saudi riyals with the Arab National Bank (ANB), in the presence of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing and Chairman of the Company’s Board of Directors, and Salah bin Rashid, Chairman of the Board of Directors of the Arab National Bank … Read more

Architecture. A combination of science and art 

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Omar Al Kindi - Real Estate Articles - Talamara A combination of science and art 

Reading time: < 1 MinuteArchitecture: A Blend of Science and Art Omar Al-Kindi The concepts of architecture are based on solid foundations that include beauty, function, and sustainability. Alternatively, it has been defined as the art and science of thinking about space, form, and volume. It involves designing, planning, and constructing functional structures that provide shelter within our environment against hazards such as weather and fire, and that make these spaces both practical and more aesthetically pleasing. To put it simply, architecture is a science… Read more

ROSHN and SIMAH sign a cooperation agreement to facilitate home ownership

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Reading time: < 1 MinuteThe “Roshon” Group signed an agreement with the Saudi Credit Information Company “Sama” to enhance its customers“ home-buying experience. The agreement reflects Roshen’s core values of trust, integrity, and responsibility. Through Qarar, Sama’s consulting arm, Sama will provide provide its core services to the ”Roshon“ Group, including credit rating products sourced from more than 400 major providers … Read more

New Square Development Company invites leading international contractors to participate in the completion of the Cube“

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New Square Development Company Logo

Reading time: 2 MinutesNew Square Development Company—a subsidiary of the Public Investment Fund—has invited the world’s leading contractors to participate in the construction of its magnificent landmark “The Cube,“ which is considered a symbol and cornerstone of the New Square destination in Riyadh and is distinguished by its innovative technologies and visual designs, making it one of the largest architectural structures ever built in the world. The company expects 2024 to be a year full of milestones in the construction of … Read more

“Al Masar Sports doubles its real estate investment fund to two billion riyals

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Reading time: 2 MinutesThe Al-Masar Sports Foundation, together with Ajdan Real Estate Development Company and Al-Bilad Financial Company, announced that it would double the investment in the private real estate investment fund “Al-Masar Sports Real Estate 1” by one billion riyals, bringing the fund’s total value to two billion riyals. This represents one of the most prominent successful partnerships and a unique model of cooperation between the public and private sectors. Pursuant to this announcement, an area of … Read more

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