Month: July 2024

The Medina Municipality Announces Investment Opportunities for Construction Companies in Al-Hanakiyah Governorate

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Medina Municipality headquarters - an investment opportunity

Reading time: < 1 MinuteThe Medina Municipality announced the launch of three investment opportunities for construction companies in Al-Hanakiyah District, including the construction, renovation, operation, and maintenance of a driving school, the construction and operation of a sports hall, and the construction of an educational school complex in the governorate. The Medina Municipality clarified that a plot of land measuring more than 73,000 square meters has been allocated for the construction of a “driving school” in the governorate of … Read more

Infographic: More than 31,000 certificates of origin issued in June

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Ministry of Industry logo

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources issued 31,887 “Certificates of Origin” in June 2024 as part of its efforts to support and streamline services for exporters across various sectors, including industrial, commercial, and private. A Certificate of Origin is a document certifying that products exported abroad are of domestic origin or have acquired domestic origin status. The service targets industrial establishments and the sector … Read more

Creating beauty and prestige Diversity in the use of raw materials in the finishing of building facades is a new style

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Finishing building facades

Reading time: < 1 MinuteMany people are looking for the best ways to finish building facades to add aesthetic touches to their homes, so in the following lines, we’ll share a set of tips compiled by a group of experts to save you time and effort, helping you achieve a home facade that reflects its inner beauty—especially when crafted from antique stones that combine beauty… Read more

Infographic | Spending by visitors to the Kingdom exceeds 45 billion riyals in the first quarter of 2024

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Ministry of Tourism-Housing Rentals

Reading time: < 1 MinuteThe Kingdom recorded a 22.91% increase in spending by international visitors during the first quarter of 2024 compared to the first quarter of 2023, with their total spending exceeding 45 billion riyals, while achieving a surplus in the travel category estimated at 24 billion riyals, with a growth rate for the surplus exceeding 46% compared to the same period in 2023. It is estimated that … Read more

Real estate registration period for 5 neighborhoods in Riyadh ends on Thursday

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International Monetary Fund Riyadh office market

Reading time: < 1 MinuteThe General Real Estate Authority announced that the deadline for the initial physical registration of real estate in five neighborhoods covered by the Real Estate Registry in Riyadh under Phase 4 is fast approaching. These neighborhoods are: Al-Hada neighborhood, part of Sidra neighborhood, part of Al-Sha’la neighborhood, part of Al-Fursan neighborhood, and Al-Nukhba neighborhood, by the end of tomorrow, Thursday. The Authority called on owners of properties located within the scope of … Read more

Shura Council calls on the Municipal and Rural Council to standardize building regulations and consider increasing the number of floors

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Shura Council

Reading time: 2 MinutesIn an effort to develop municipal services and improve the quality of life in the Kingdom of Saudi Arabia, the Shura Council has called on the Ministry of Municipal, Rural Affairs, and Housing to implement a number of requests aimed at addressing certain challenges and promoting sustainable urban development. The requests submitted by the Shura Council include the following: Evaluation of municipal services: Tasking the Ministry with conducting a comprehensive study to assess the current status of its services, … Read more

Saudi Contractors Authority signs memorandum of understanding with China Enterprise Bank to develop the sector

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Reading time: < 1 MinuteThe Saudi Contractors Authority has signed a memorandum of understanding with the China Construction Bank, aimed at promoting the exchange of knowledge and technical expertise and expanding opportunities for financial cooperation in the construction and contracting sector in the Kingdom of Saudi Arabia. This memorandum comes as part of the Saudi Contractors Authority’s efforts to develop the sector, improve the business environment, and address the challenges it faces. The signing took place in the presence of the Chairman of the Board of Directors … Read more

Real estate investment in Saudi Arabia. Here's a list of the best tips to avoid risk

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Real Estate Registration - Land Registry

Reading time: 2 MinutesReal estate investment in Saudi Arabia is a promising opportunity to generate substantial financial returns, thanks to the growing real estate sector and government support for this sector. However, as with any investment, real estate investing involves certain risks. Therefore, it is important to follow some tips to increase your chances of success and minimize risks: 1. Define your investment goals: Before starting any … Read more

What do you know about the latest financing solutions from the Real Estate Fund? Features and Benefit Conditions

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Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Reading time: < 1 MinuteThe Real Estate Development Fund recently announced its latest financing solution, “Your Support Equals Your Payment,” with the aim of increasing beneficiaries“ ability to purchase residential units under construction, thereby achieving the objectives of the Housing Program—one of the programs under the Kingdom’s Vision 2030. The “Your Support Equals Your Installment” initiative is an innovative financing solution designed to enable citizens to more easily purchase residential units under construction. This initiative is part of … Read more

SAR 7.67 billion in housing finance provided by banks to individuals in May

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Reading time: < 1 MinuteResidential financing in Saudi Arabia saw significant growth in May 2024, with data from the Saudi Central Bank (SAMA) showing a notable increase in the volume of new financing provided to individuals. A 131% increase in new financing: The volume of new residential mortgage financing provided to individuals by banks reached 7.67 billion riyals in May 2024. This figure represents an increase … Read more

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