Month: August 2024

Kafed Mosque wins King Salman Urban Charter Award

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Reading time: < 1 MinuteThe King Abdullah Financial Center (KAFD) Grand Mosque won the King Salman Urban Charter Award by the Architecture and Design Authority of the Ministry of Culture, in the category of completed architectural projects, thanks to its distinctive and innovative architectural design. The mosque is unique in its geometric design that captivates the eye from all angles, which was created by Omrania based on a concept inspired by the desert flower that grows ... Read more

The Capital Market Authority Approves the Offering of Ihsan Endowment Fund Units“

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Ihsan Endowment Fund

Reading time: < 1 MinuteThe Capital Market Authority (CMA) approved today, Thursday, the public offering of Ihsan Endowment Fund units at the request of Al Ahli Financial Company, noting that the approval is not an endorsement of the feasibility of investing in the fund, as the decision means that the regulatory requirements have been complied with according to the Capital Market Law and its executive regulations. The CMA said in its statement that the ... Read more

By name 10 new neighborhoods in Riyadh to benefit from the Real Estate Registry on September 1

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Riyadh - Saudi Real Estate Market

Reading time: < 1 MinuteThe General Authority for Real Estate announced the start of registration for (57,566 real estate plots) in 10 neighborhoods in Riyadh starting from September 1, 2024, corresponding to 28 Safar 1446 AH, until the end of December 5, 2024, corresponding to 4 Jumada Al-Thani 1446 AH, and until the end of December 5, 2024, corresponding to 4 Jumada Al-Thani 1446 AH. The names of the neighborhoods benefiting from the real estate registry, the authority explained that the neighborhoods benefiting from the real estate registry in this phase include Read more

National Housing: 41% of infrastructure work completed in the first phase of Al Fursan suburb

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Al Fursan suburb

Reading time: 2 MinutesNational Housing Company (NHC) has announced significant progress in the implementation of the first phase of the Al Fursan Suburb project, with 41% of infrastructure work completed and 32% of superstructure completed. Spread over an area of 5.4 million square meters, this phase offers 10,540 residential units in an integrated environment with all facilities and services... Read more

Quality of Life Program reveals its achievements in the real estate sector in 2023

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Quality of Life Program

Reading time: 3 MinutesThe Quality of Life Program continues to contribute to improving the urban landscape and raising the quality of services provided in Saudi cities through several initiatives implemented by the Ministry of Municipalities and Housing and other relevant executive authorities, all of which work to study and develop urban planning, address visual distortions, raise the quality of services in public facilities and promote humanization. Urban Humanization Projects... Read more

with a growth of 5.5%. Reserve assets record SAR 1.754 trillion by the end of the second quarter

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Saudi Central Bank

Reading time: < 1 MinuteThe reserve assets of the Saudi Central Bank achieved an annual growth rate of 5.5%, with an increase of about 92,049 billion riyals, to reach a total of 1,754,112 trillion riyals by the end of the second quarter of 2024, compared to the same period last year, when it recorded 1,662,018 trillion riyals. By measuring the levels of reserve assets during the current year, the data showed that they reached their highest levels ... Read more

Jeddah Municipality issued 8,925 building violations last month

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Jeddah Municipality - Unauthorized Buildings

Reading time: < 1 MinuteThe Jeddah Municipality revealed that the monitoring efforts in following up building violations during the month of July resulted in the detection of 8,925 violations in a number of neighborhoods, as part of its tasks to improve services, address visual pollution and improve the urban landscape of the city. The Municipality explained that the monitoring efforts carried out by the sub-municipalities during the past month come within the framework of the plan to support ... Read more

GCC Municipal Work Conference in Riyadh discusses 6 themes, including promoting city development

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Reading time: 2 MinutesThe 12th edition of the Gulf Municipal Work Conference, hosted by the Kingdom of Saudi Arabia in Riyadh from October 6 to 8 under the slogan “Sustainable Municipal Work. The conference will discuss 6 strategic themes related to Gulf municipal work issues and current challenges in the sector, with the aim of enhancing cooperation and joint efforts, and exchanging experiences and knowledge between the GCC countries ... Read more

100 3D-printed homes nearing completion in this city

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3D Printing

Reading time: < 1 MinuteAmerican company ICON has achieved a historic milestone of 100 fully 3D printed homes in the Wolf Ranch community in Georgetown, Texas. The technology is considered a paradigm shift in the construction industry, allowing for the construction of durable, modern homes in record time and at a lower cost. The technology relies on a massive robotic printer called a Vulcan that ... Read more

More than 250,000 new title deeds issued since the launch of real estate registration

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Off-plan real estate projects

Reading time: 2 MinutesThe General Real Estate Authority (GRA) announced the issuance of more than 250,000 new title deeds in the Real Estate Registry platform since the start of the real estate registration work in May 2023, in the areas announced by the Authority as beneficiary areas of “in-kind registration” in Riyadh, Makkah, Dammam, Medina, and Buraydah. The Authority's CEO, Eng. Abdullah bin ... Read more

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