Month: July 2024

Tomorrow. Implementation of the decision to localize engineering professions begins for private sector establishments

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Who is a real estate developer?

Reading time: < 1 MinuteThe Ministry of Human Resources and Social Development, in partnership with the Ministry of Municipal, Rural Affairs, and Housing, announced the implementation of the decision to localize engineering professions at a rate of 25%, effective July 21, 2024, The Saudization quotas will apply to private-sector establishments employing five or more workers in engineering professions. This decision is part of the two ministries’ efforts aimed at providing more … Read more

Automated robots. A technological revolution shaping the construction industry

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Reading time: 3 MinutesThe construction industry is undergoing a radical transformation thanks to recent technological advancements, perhaps the most notable of which is the introduction of robots into various stages of the construction process. Robots improve efficiency, reduce costs, and enhance safety on construction sites. Robots represent the future of the construction industry, as they help improve efficiency, reduce costs, and enhance safety. Developments in this field promise further innovations, … Read more

Al-Haqeel inspects municipal and residential projects in Taif and witnesses the signing of memorandums of understanding

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Reading time: 2 MinutesHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, inspected yesterday, during his visit to Taif Province, the progress of work on a number of development projects overseen by the Provincial Secretariat, in order to follow up on the latest developments in various municipal and housing projects. Minister Al-Haqil met with the Mayor of Taif, Engineer Abdullah bin Khamis Al-Zaidi, as well as leaders and officials from the provincial municipality, … Read more

4,337 Building Permits Issued in Tabuk During the First Half of 2024

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Reading time: < 1 MinuteThe Tabuk region has witnessed increasing urban development, as the Tabuk Regional Municipality—represented by its Agency for Urban Development and Municipalities—issued a total of 4,337 building permits during the first half of 2024, compared to the same period last year (2023), which saw the issuance of 3,707 building permits, representing a significant increase of 17% this year. The Deputy Secretary-General for Development explained … Read more

By the Numbers Learn about the housing program's achievements in supporting family ownership in 2023

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Housing Program - Data Analytics

Reading time: < 1 MinuteThe Housing Program, one of the programs under the Kingdom’s Vision 2030, released its 2023 annual report titled “Empowering You to Own Your Home.” The report highlighted the program’s achievements in supporting Saudi families’ home ownership, with the homeownership rate reaching 63.74% by the end of the year, exceeding the 2023 target. The report noted that more than 96,000 families benefited from housing support, in addition to the provision of services … Read more

“National Housing” Signs Agreement with Chinese Company to Build 20,000 Housing Units

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Reading time: 2 MinutesThe National Housing Company (NHC) signed an agreement with the Chinese company CSCEC, in the presence of His Excellency Majid Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, to build 20,000 housing units in the suburbs and communities developed by the National Housing Company in various regions of the Kingdom, The National Housing Company was represented at the signing ceremony by CEO Mohammed bin Saleh Al-Bati and the head of the Middle East and Africa branch at … Read more

Al-Haqil Launches a Financing Guarantee Product for Developers of Off-Plan Projects to Stimulate Real Estate Supply

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Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural, and Housing Affairs, today, the first product from Damanat Company to finance real estate developers for off-plan projects (OPDG), licensed by the Insurance Authority under identification number F-DMNT-1-C-24-00, in the presence of the Chairman of the Board of Directors of the Saudi Housing Guarantee Services Company “Damanat,” Mansour bin Saeed bin Madi; the CEO of the Insurance Authority, Engineer Naji Al-Faisal Al-Tamimi; and the CEO … Read more

How to get a residential plot for free through Sakani?

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Mortgage Loan - Housing Units

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing seeks to provide free residential land to eligible individuals throughout the Kingdom. In this context, we present a comprehensive guide on how to reserve free residential land through the official “Sakani” platform and the requirements for obtaining it. How to Reserve Residential Land via the Sakani Platform To benefit from the Sakani program and reserve residential land for free, you can follow these steps: Log in … Read more

Minister of Tourism: 60 million tourists spent 143 billion riyals during the first half of 2024

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Reading time: 5 MinutesHis Excellency the Minister of Tourism, Mr. Ahmed bin Aqil Al-Khatib, numerous achievements in the national tourism sector and the qualitative leaps the Kingdom has made with the support and empowerment of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness the Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz —may God protect them both—in the field of tourism, which … Read more

An investment opportunity to build and operate a multi-use building in Madinah

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Medina Municipality - Commercial Project

Reading time: < 1 MinuteThe Madinah Region Secretariat announced an investment opportunity to construct and operate a multipurpose building, covering an area of more than 1,200 square meters, on Sheikh Abdulaziz bin Saleh Road in Madinah, with the aim of contributing to the region’s development and the services provided there in a sustainable and innovative manner. The Secretariat clarified that the contract term is 25 years and that the rent-free period is 10% of the contract term … Read more

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