Month: June 2024

Al Balad Al Amin offers investment opportunities to establish, operate and maintain 3 parks in Makkah

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Reading time: < 1 MinuteAl-Balad Al-Amin—the investment arm of the Holy Capital Municipality—announced the launch of investment opportunities involving the construction, operation, and maintenance of three parks in Makkah, of varying sizes, under a 10-year contract. The company explained that the projects include Al-Warda Park in the Al-Nuzha neighborhood, covering an area of 4,780.347 square meters, as well as Al-Fayha Park, covering an area of … Read more

Hail Municipality launches BDRE system to follow the requirements of the Saudi Building Code

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Reading time: < 1 MinuteThe Hail Region Secretariat has launched an advanced digital system for reviewing building designs ”BDRE,” which aims to increase engineering firms’ compliance with the requirements of the Saudi Building Code and municipal regulations, thereby reducing the time required for the design review process, as part of the Empowerment and Compliance Sector’s efforts to achieve the Ministry of Municipal and Rural Affairs and Housing’s strategic goals for smart municipalities. It stated … Read more

Global Project Management Forum. Details of the first day's sessions

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Reading time: 2 MinutesThe sessions of the third edition of the Global Project Management Forum, held in Riyadh under the theme “Making the Dream a Reality: Leadership, Empowerment, Sustainability,” June 2–3, a number of topics, most notably experiences, practices, and developments in the field of project management across various sectors, given that the forum serves as a platform for exchanging views, insights, and creative ideas on the successful implementation of major projects. The session addressed … Read more

The third edition of the Global Project Management Forum kicks off in Riyadh

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Reading time: 2 MinutesThe third edition of the Global Project Management Forum kicked off today under the theme “Making the Dream a Reality: Leadership, Empowerment, Sustainability,” under the patronage of His Excellency the Minister of Transportation and Logistics, Engineer Saleh bin Nasser Al-Jasser, and in the presence of His Excellency the Deputy Minister of Transport and Logistics, Engineer Badr Al-Dlamy. The event features the participation of a distinguished group of speakers, experts, and specialists from around the world, who will spend two days discussing the most important ideas … Read more

Infographic: Industry allocates two sand and gravel complexes in Bisha governorate

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Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources announced the allocation of two complexes for sand and gravel ore in Bisha Governorate in the Asir Region, in preparation for their listing on the Tadawul platform, as part of its efforts to regulate the mining sector, enhance its transparency, attract investment, and develop local communities adjacent to mining projects. The official spokesperson for the Ministry of Industry and Mineral Resources, Jarah bin Muhammad Al-Jarrah, explained that the decision to allocate … Read more

Real estate loans granted by banks rise to more than SAR 800 billion by the end of Q1 2024

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Saudi Central Bank

Reading time: 2 MinutesData from the Saudi Central Bank (SAMA) revealed that the volume of mortgage loans granted by commercial banks in the Kingdom to individuals and companies rose to 800.46 billion riyals by the end of the first quarter of this year, compared to 705.95 billion riyals at the end of the first quarter of 2023, marking an increase of approximately 94 billion riyals. The data showed that the volume of mortgage loans rose by 13.39% by the end of the quarter … Read more

Details... Penalties for violations of the amended executive regulations of the Saudi Building Code

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Who is a real estate developer?

Reading time: < 1 MinuteThe amendments to the Executive Regulations of the Saudi Building Code stipulate that any violation of the Code’s requirements, system, or regulations constitutes a violation requiring removal or correction, and subjects the violator to a penalty as determined by the Review Committee upon the statutory conditions are met; the imposition of a penalty shall not be considered a substitute for removal or correction. The regulations also stipulate a penalty of 10,000 riyals to be imposed on the owner upon the implementation of … Read more

PRA reviews real estate legislation at the International Real Estate Federation conference in Singapore

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Reading time: 2 MinutesThe General Real Estate Authority confirmed that the Kingdom has begun sharing its experiences and legislative practices in the real estate sector with a number of countries, which have praised Saudi Arabia’s approach—particularly in the areas of real estate legislation and the regulation of rental transactions. Engineer Abdullah bin Saud Al-Hammad, CEO of the General Real Estate Authority, noted this while leading the Authority’s delegation participating in the 74th International Real Estate Federation Conference, which … Read more

The text of the amended Saudi Building Code violations classification regulation. Details

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Building license via Baladi platform

Reading time: < 1 MinuteThe Minister of Commerce and Chairman of the Board of Directors of the Saudi Standards, Metrology, and Quality Organization, Dr. Majid bin Abdullah Al-Qasabi, has approved an amendment to the executive regulations of the Saudi Building Code Implementation System, which will take effect as of the date of its publication in the Official Gazette and repeals any previous decisions that conflict with it. The regulations, which consist of 19 articles governing the implementation of the Saudi Building Code, stipulate that it is considered … Read more

Today. The International Sustainable Building Conference and Exhibition kicks off

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Riyadh - Saudi Real Estate Market

Reading time: < 1 MinuteThis afternoon, Deputy Minister of Municipal, Rural, and Housing Affairs Ihab bin Ghazi Al-Hashani will inaugurate the International Exhibition and Conference on Sustainable Construction, with the participation of more than 12 countries and 30 speakers, including sustainability experts from all sectors of the construction industry and experts from the construction and real estate sectors at the local and international levels. The exhibition, which will take place at the … Read more

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