Month: July 2024

Al-Haqeel approves Hafar Al-Batin Municipality's advertising plan

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Al-Haqeel

Reading time: < 1 MinuteHis Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Haqeel, approved the advertising plan for Hafr Al-Batin Municipality, in line with the strategy to develop outdoor advertising within Saudi cities, which includes a number of initiatives and enablers aimed at developing the outdoor advertising sector in line with the identity of each city and its economy. This is in line with the strategy to develop outdoor advertising in Saudi cities, which includes a number of initiatives ... Read more

6 Saudi cement companies join the Industry Competitiveness Program

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Reading time: < 1 MinuteSix Saudi cement companies announced that they have joined the “Industrial Sector Competitiveness” program launched by the Ministry of Industry and Mineral Resources to encourage sustainable transformation in the sector, enhance the sustainability of industry inputs, and enable the industrial sector to obtain the necessary enablers to improve production costs. Riyadh Cement, Saudi Cement, Yanbu, Qassim, Umm Al-Qura and Southern Cement joined the program, confirming ... Read more

Learn about the most important requirements for group housing for individuals after updating them

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Group housing for individuals

Reading time: < 1 MinuteIn a step towards enhancing the quality of life and providing a safe residential environment, the Ministry of Municipalities and Housing has announced a comprehensive update to the requirements for collective housing for individuals. The updates come to ensure adherence to the highest standards of quality and safety in all types of collective housing, from apartment buildings to residential complexes and mobile cabins. New requirements to ensure quality of life The new updates include a wide range of requirements ... Read more

Real Estate Authority conducts 11 joint monitoring tours targeting 173 real estate establishments during the month of July

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Off-plan real estate projects

Reading time: < 1 MinuteDuring the month of July, the General Real Estate Authority (GRA), with the participation of the Ministry of Human Resources and Social Development, carried out 11 joint monitoring tours that included visiting 173 real estate establishments in Riyadh, Eastern Province and Makkah, with the aim of ensuring compliance with real estate legislation in general and the real estate brokerage system in particular, in addition to what is related to the jurisdiction of the participating government agencies regarding ... Read more

Self-build and Land and Loan beneficiaries given an additional 16 months to complete construction

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Al-Haqeel

Reading time: < 1 MinuteHis Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate Development Fund, Mr. Majid bin Abdullah Al-Hogail, directed to grant an additional period of up to 16 months for beneficiaries of the “Self-Build” and ”Land and Loan” product who exceeded the statutory period of 36 months and did not complete the construction stages of their homes to enable them to disburse financing payments from approved financing agencies. The Real Estate Fund indicated that receiving applications ... Read more

“Municipalities and Housing Updates Requirements for Group Housing for Individuals

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: < 1 MinuteThe Ministry of Municipalities and Housing announced that it has updated the requirements for collective housing for individuals, with the aim of improving the quality of life in the residential environment. According to the ministry, the requirements and classifications are as follows: The most important requirements for collective housing: License issuance requirements: This includes the procedures and documents needed to obtain a license. Spatial requirements: Determining the locations where housing, residential complexes, and mobile cabins are allowed to be built. Additional activity requirements: Include ... Read more

“ROSHN announces the construction of an iconic 45,000-seat stadium southwest of Riyadh

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Reading time: 2 MinutesROSHN Group, a Public Investment Fund (PIF) company, has announced the construction of an iconic 45,000-seat stadium on a total area of more than 450,000 square meters southwest of Riyadh. Features of ROSHN Stadium ROSHN Stadium features a mixed-use design with a wide range of shops, restaurants and hospitality venues, centered around a dedicated main stadium... Read more

Cabinet grants the Endowments Authority the authority to invest real estate funds deposited with it

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Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Chairman of the Council of Ministers, chaired today's session of the Council of Ministers in Jeddah. The Cabinet approved granting the General Authority for Endowments the authority to invest the funds of endowed properties deposited with it, which have been expropriated in the public interest. At the beginning of the session, the Cabinet was briefed on ... Read more

Ministry of Justice: 500,000 properties traded through the real estate exchange since its launch

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Ministry of Justice - Real Estate Exchange

Reading time: < 1 MinuteThe Ministry of Justice revealed that about 500,000 properties have been traded through the real estate exchange since its official launch in late August 2023. The real estate exchange provides services around the clock, most notably real estate trading, buying and selling, as well as sorting and merging services with real estate identity, deed updating services, real estate inquiries, as well as mortgage services and everything related to them. The real estate exchange provides ... Read more

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