Month: July 2024

“Contractors Authority” discusses new cooperation between Saudi and Turkish companies

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Contracting Forum Saudi and Turkish companies

Reading time: < 1 MinuteA Saudi delegation headed by the Chairman of the Board of Directors of the Saudi Contractors Authority, Engineer Zakaria bin Abdulrahman Al-Abdulqader, and the Secretary General of the Authority, Abdulmajid Al-Rashoudi, visited the Republic of Turkey to participate in the Turkish-Saudi Contracting Forum and discuss ways to enhance economic and investment cooperation between the two countries and Saudi and Turkish companies in the sector. The visit comes within the framework of the visit of H.E. Minister of ... Read more

President of the Real Estate Authority: 1.3 million real estate maps corrected since the launch of the Land Registry

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CEO of the General Real Estate Authority Engineer Abdullah bin Saud Al-Hammad

Reading time: 2 MinutesThe CEO of the General Authority for Real Estate, Engineer Abdullah bin Saud Al-Hammad, highlighted the huge developmental transformations witnessed by the real estate system in the Kingdom, which was the result of the unlimited support of the wise leadership, which empowered the real estate sector and made it a global model to be emulated. In his speech during the opening of the Qassim Real Estate Forum, he praised the efforts and follow-up of His Royal Highness Prince ... Read more

Shura Council calls for the speedy completion of the inventory and documentation of state properties and the issuance of deeds

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Shura Council

Reading time: < 1 MinuteThe Shura Council held on Wednesday its forty-first regular session of the fourth year of the eighth session under the chairmanship of His Excellency Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al-Sheikh. At the beginning of the session, the Council reviewed the agenda of its forty-first regular session, and the items on which it took the necessary decisions. The Shura Council called on the Commission ... Read more

94.5 % A rise in real estate loans granted by banks in the Kingdom during the first quarter 2024

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Reading time: < 1 MinuteReal estate loans provided by commercial banks in the Kingdom of Saudi Arabia recorded a remarkable 94.5% year-on-year increase during the first quarter of 2024, reaching SAR 800.5 billion compared to SAR 705.9 billion in the same period of 2023. According to the monthly statistical bulletin for May issued by the Central Bank of Saudi Arabia (CBSA), loans ... Read more

Real estate loans in Saudi Arabia recorded 827.35 billion riyals in the first quarter 2024

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Mortgage Loan - Housing Units

Reading time: 2 MinutesData released by the Saudi Central Bank (SAMA) showed that real estate loans granted by finance companies during the first quarter of 2024 witnessed a slight growth of 1% year-on-year, reaching SAR27.35 billion compared to SAR27.07 billion in the same period of 2023. Dominance of retail mortgages: Loans ... Read more

Al-Haqeel witnesses the launch of the Saudi-Turkish Contracting Forum in Istanbul

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Saudi-Turkish Forum

Reading time: 2 MinutesUnder the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, the Saudi-Turkish Forum for Contracting and the accompanying workshop, organized by the Saudi Contractors Authority, which aims to connect contracting companies between the two countries by creating alliances in major development projects, was launched on Wednesday in Istanbul, in the presence of Turkish Deputy Minister of Commerce Mustafa Tuzgu, ... Read more

Real Estate Authority Chairman receives Qatar's Real Estate Regulatory Authority Chairman

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Reading time: < 1 MinuteThe CEO of the General Real Estate Authority (GRA), Eng. Abdullah bin Saud Al-Hammad, received at GRA headquarters in Riyadh, the CEO of the Real Estate Regulatory Authority in the State of Qatar, Eng. Khalid bin Ahmed Al-Obaidli, and his accompanying delegation. During the meeting, they discussed topics of common interest and discussed enhancing cooperation between the two brotherly countries in the real estate sector. The delegation was briefed on the work ... Read more

Al-Hogail meets head of Turkish President's Investment Office and discusses enhancing cooperation between the two countries

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Reading time: 2 MinutesHis Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, met yesterday with the head of the Investment Office of the Presidency of the Republic of Turkey, Burak Daglioglu, who stressed the depth and strength of bilateral relations between the Kingdom of Saudi Arabia and the Republic of Turkey, noting the joint trade and investment relations between the two countries. This came at the beginning of the official visit he is making ... Read more

The Infrastructure Projects Center in Riyadh holds a workshop on “Comprehensive Planning Methodology”

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Reading time: < 1 MinuteThe Infrastructure Projects Center in Riyadh region held a workshop today to discuss the initial version of the comprehensive infrastructure planning methodology in the Riyadh region, with the aim of improving the efficiency of implementing infrastructure projects in the region in order to improve the urban landscape and achieve spending efficiency. The workshop, which was attended by more than 15 entities from the public and private sectors, began by reviewing the general framework of the methodology, which ... Read more

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