Month: June 2024

By name... National and international experts appointed as members of the board of directors of the National Infrastructure Fund

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Reading time: 2 MinutesThe Board of Directors of the National Development Fund (NDF) issued a decision appointing the members of the Board of Directors of the National Infrastructure Fund (NIF). The appointed members have national and international expertise in the fields of infrastructure, finance and investment. The board includes the CEO of Olayan Financial, H.E. Dr. Nabil Al Amoudi, and the President of the National Infrastructure Fund, H.E. Dr. ... Read more

“The Real Estate Fund announces the ”Your Subsidy Equals Your Installment“ financing solution for under-construction housing units

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Real Estate Development Fund - Housing Subsidies

Reading time: < 1 MinuteThe Real Estate Development Fund (REDF) announced today the “Your Support Equals Your Installment” financing solution, which aims to increase the ability of beneficiaries to own housing units under construction to achieve the objectives of the Housing Program - one of the programs of the Kingdom's Vision 2030. The financing solution comes within the framework of the strategic partnership between the Real Estate Development Fund and Bank Albilad, with the aim of reducing the financing burden and rental costs on beneficiaries during the stages of building their housing units ... Read more

Today... Real estate registration begins for 4,774 properties in 6 neighborhoods in Madinah

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Reading time: < 1 MinuteThe Real Estate Registry announced today the start of registration for (4,774 pieces of real estate) in six neighborhoods in Medina, including (part of King Fahd neighborhood, part of Al-Aqoul neighborhood, part of Jamaa Umm Khalid neighborhood, Railway neighborhood, part of Al-Khadra neighborhood, and part of Abyar Al-Mashi neighborhood). The Land Registry called on the owners of properties located within the scope of the neighborhoods to register ... Read more

The impact of the stock market on the real estate sector

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Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Reading time: 2 MinutesThe impact of the stock market on the real estate sector Hisham Al-Qasim The stock exchange and the real estate market are two of the most important economic sectors in Saudi Arabia. While stocks and securities are traded on the stock exchange, the real estate market is a vital venue for buying and selling real estate and real property. The mutual interaction between these two markets raises questions about the impact of the stock market on the real estate market in the Kingdom... Read more

Construction projects in Saudi Arabia expected to rise to $181.5 billion by 2028

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Saudi Arabia Foreign Investment

Reading time: < 1 MinuteBy the end of 2028, the value of construction projects in the Kingdom for all sectors will reach $181.5 billion, making Saudi Arabia the largest construction market in the world, global real estate consultancy Knight Frank said in a report. The company said in a report that the value of construction projects in the residential sector is expected to reach $56.9 billion by the end of ... Read more

with an increase of 30%. The planned volume of housing units in the Kingdom rises to 660,000 units

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Residential Sector - Real Estate Licensing

Reading time: < 1 MinuteKnight Frank, the global real estate consultancy, revealed that the planned volume of residential units in Saudi Arabia has risen to 660,000 units, an increase of 30% in the past 12 months. Office projects are holding steady at 6 million square meters. In the commercial market, plans for 5.3 million square meters are underway. Read more

“MODON: Logistics space allocated in industrial cities exceeds 4.8 million m2

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Reading time: < 1 MinuteThe Saudi Industrial Cities and Technology Zones Authority (MODON) has increased the total logistics space allocated in its industrial cities around the Kingdom to exceed 4.8 million square meters, in response to the growing demand for its services and the provision of an integrated range of logistics products. MODON is participating in Transport Logistics, Asia's leading international trade fair for logistics, transportation, information technology and supply chain management. Read more

Infographic: More than 38,000 certificates of origin issued in May

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Ministry of Industry and Mineral Resources - Certificate of Origin

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources issued 38,319 “Certificate of Origin” during the month of May 2024, as part of its endeavor to support and facilitate the service for exporters in various sectors, whether industrial, commercial, or individuals. The certificate of origin is a document stating that products exported abroad are of national origin, or have acquired the status of national origin, and the service targets industrial establishments, the commercial sector ... Read more

Al Balad Al Amin extends the tender for the construction, operation, investment and maintenance of the train park in Makkah

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Reading time: < 1 MinuteAl-Balad Al-Amin Company, the investment arm of the Municipality of the Holy Capital, announced the extension of the proposal for the construction, operation, investment and maintenance of the train park in the Rusayfah neighborhood in Makkah Al-Mukarramah. The company explained that the area of the project is 7,978.20 square meters, with a contract that extends for 15 years, indicating that the last date for purchasing the booklet and opening bids will be on 14/07/2024, through the Saudi Cities Investment Portal “Opportunities“.

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