Reading time: < 1 Minute The Youssef Al-Humaiani Auction House, under the supervision of the Support and Liquidation Center – Enforcement – and by order of the Enforcement Court, announces the holding of the “Al-Dar” hybrid auction on Sunday, August 25, 2024, in person at 4:00 p.m. in the Laylati Hall at the Four Points Hotel in Makkah, and online via the Dar Auction platform starting at 10:00 a.m. on the same day through … Read more
Reading time: 2 MinutesData from the Saudi Central Bank “SAMA” revealed that credit extended by finance companies to non-individuals, by economic activity, continued to grow, reaching an all-time high of approximately 20,320 billion riyals by the end of the first quarter of 2024, achieving an annual growth rate of 3.51%, with an increase of 696 million riyals compared to the same period in 2023, which stood at 19.623 billion … Read more
Reading time: < 1 MinuteThe Taif Municipality, represented by the Al-Khurma District Municipality, has put 15 investment opportunities up for public tender for investment terms ranging from 10 to 20 years. These include the construction of “Boulevard” commercial complexes , kiosks, and transportation hubs, as well as the operation of four sports stadiums and the construction of an industrial zone, hotels, and gas stations along public roads. All investment opportunities were posted on the “Fursat” investment portal for Saudi cities, … Read more
Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority has called on businesses subject to value-added tax whose annual supply of goods and services exceeds 40 million riyals to file their tax returns for the month of July, by no later than August 31 of this month. The Authority urged businesses to promptly file their tax returns via the website (zatca.gov.sa) or submit them … Read more
Reading time: < 1 MinuteThe Eastern Province Secretariat has approved 3,154 residential plans across the region, which comprises 9 provinces and 453 neighborhoods under its jurisdiction. Urban planning in the region aims to improve the quality of life in residential developments and make them people-friendly by providing sound infrastructure, facilities, and pedestrian walkways, as well as increasing green spaces. An urban and regional planning engineer at the General Directorate of Urban Planning at the Secretariat explained… Read more
Reading time: 6 MinutesFrom preserving the ecosystem to the “new” dark neutral colors in exterior paint, we take a look at the trends expected to take hold in the real estate and design industries this year. It’s important to stay up to date with the latest innovations in design and real estate—not just to be trendy, but to discover innovative materials, systems, and products that make life more… Read more
Reading time: 2 MinutesSome people take out a mortgage to obtain the necessary financing to purchase a residential unit, a property, or even a plot of land. Mortgages typically involve monthly payments, as well as fees and costs associated with obtaining the loan. Some borrowers may default on these loans, necessitating the imposition of penalties on delinquent borrowers. According to the Saudi Central Bank … Read more
Reading time: < 1 MinuteFrom October 6–8, 2024, the city of Riyadh will host the 14th edition of the Saudi Green Building Forum, under the patronage of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal and Rural Affairs, and with the participation of a number of local and international leaders, including experts, specialists, and investors in human- and environment-friendly services and products. The Saudi Green Building Forum aims to connect the construction and infrastructure sectors … Read more
Reading time: 2 MinutesThrough the Housing Support Program of the Ministry of Municipal, Rural Affairs, and Housing, financial assistance is provided to the most needy citizens to help them acquire suitable and appropriate housing. This assistance is provided in accordance with several conditions and regulations established by the Ministry. The Sakani platform also offers various forms of support to citizens and families most in need; it is a platform established by the Kingdom’s authorities to help citizens improve their standard of living … Read more
Reading time: 2 MinutesKing Salman International Airport Development Company (KSIA), a Public Investment Fund (PIF) company, has announced the signing of strategic partnerships with four leading local and international architecture, engineering, construction, and air traffic management companies to begin a new phase in the development of King Salman International Airport as a hub for tourism, travel, and transportation in Riyadh and the region. Foster + Partners, a leading local and international architectural, engineering, construction, and air traffic management firm, will work ... Read more
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