Month: August 2024

Today. The closing ceremony of the King Salman Urban Charter Award in its first edition

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Reading time: 3 MinutesUnder the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—the capital city of Riyadh will host this evening the closing ceremony of the first edition of the King Salman Urban Charter Award, organized by the Architecture and Design Authority, as part of the Authority’s efforts to make the award a component of the strategy to activate the Charter initiative toward consolidating the architectural heritage and authenticity rooted in tradition … Read more

Prince Faisal bin Ayyaf patronizes the Saudi Infrastructure Summit in Riyadh next September

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Reading time: < 1 MinuteHis Highness Prince Dr. Faisal bin Ayyaf, Chairman of the Board of Directors of the Riyadh Region Infrastructure Projects Center, the Saudi Infrastructure Summit and the Saudi Infrastructure Exhibition from September 24 to September 26, 2024, at the Riyadh Exhibition and Convention Center, in the presence of a number of Their Excellencies and local and international officials. The CEO of the Riyadh Region Infrastructure Projects Center explained… Read more

Learn about the penalties for violations of the off-plan real estate sales and leasing system

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Off-plan real estate projects

Reading time: < 1 MinuteThe General Authority for Real Estate has invited the public and relevant parties to submit their views and comments on the list of violations of the regulations governing the sale and lease of off-plan real estate projects, prior to its approval, after posting it on the “Istislaal” until August 23. Penalties for 26 violations The Authority clarified that the schedule of violations for the system governing the sale and lease of off-plan real estate projects includes penalties for (twenty-six) violations … Read more

Industry: More than 40,000 certificates of origin issued in July

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Ministry of Industry logo

Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources issued 40,588 “Certificates of Origin” in July 2024 as part of its efforts to support and streamline services for exporters across various sectors, including industrial, commercial, and individual sectors. A Certificate of Origin is a document certifying that products exported abroad are of national origin or have acquired national origin status. The service targets industrial establishments and the sector … Read more

9 conditions to get a subsidized real estate loan. Find out about them

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Reading time: < 1 MinuteIn the Kingdom, a subsidized mortgage is a type of financing provided by the Ministry of Municipalities and Housing and its affiliated agencies, with the aim of helping citizens purchase or build real estate at subsidized rates and on favorable terms. The eligibility requirements may vary slightly from year to year, so it is always advisable to check the latest information through official sources. Eligibility requirements for a subsidized mortgage loan: The applicant must be … Read more

Infographic: 6 contracting companies fined SAR 77.5 million for violating the competition law

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General Authority for Competition

Reading time: < 1 MinuteThe General Authority for Competition announced that six construction companies had been found guilty of collusion and bid-rigging in government contracts and were fined more than 77 million riyals. The Authority stated on its official website that, based on the duties and powers entrusted to the General Authority for Competition, and the Authority’s role in protecting and promoting fair competition and combating monopolistic practices, and in order to uphold the principle of transparency for the protection of the public interest, and to protect … Read more

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