Month: September 2024

Medina Municipality approves the establishment of a commercial project to raise the quality of life

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Medina Municipality - Commercial Project

Reading time: < 1 MinuteThe Medina Municipality has approved the construction of a commercial project in the Jashm neighborhood of Medina, with the aim of improving services for residents and visitors and promoting unique investment opportunities that contribute to enhancing the quality of life in Medina. The Secretariat stated that the project covers an area of 2,607.05 square meters and includes parking lots, a prayer room, and service facilities to attract investors, increase competitiveness, and meet consumer needs.

To be held in Riyadh Global Proptech Summit to discuss the real estate tech ecosystem next October

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Reading time: 2 MinutesThe General Real Estate Authority is hosting the first edition of ”The Global Proptech Summit” “The Global Proptech Summit,” in its inaugural edition, on October 27–28 in the capital city of Riyadh, under the patronage of His Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majed bin Abdullah Al-Hogail, in strategic partnership with the National Housing Company (NHC). The Global Proptech Summit brings together prominent figures, experts, and specialists in the real estate industry… Read more

Registration for the training programs of the National Committee for Saudi Building Code begins

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Building license via Baladi platform

Reading time: < 1 MinuteThe National Committee for the Saudi Building Code, in collaboration with the American Concrete Institute (ACI) and the Saudi Council of Engineers, and the Petroleum Demand Sustainability Program, the opening of registration for its training programs, including the course “Fundamentals of Structural Design According to the Saudi Code for Concrete Structures” (SBC 304) and the American Concrete Institute (ACI 318-19) standard, with the aim of qualifying structural engineers and designers to meet the requirements of the Saudi Building Code. … Read more

Residential rents in the Kingdom fell to 10.7% in August

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International Monetary Fund Riyadh office market

Reading time: < 1 MinuteThe General Authority for Statistics reported that the residential rent rate fell to 10.7% in August, compared to the record high of 11.11% recorded in July, which was the highest since the General Authority for Statistics began collecting data in 2013. Despite the overall decline in residential rent prices, Buraydah, Riyadh, and Dammam led the increases in residential rents among cities … Read more

“New Square signs strategic partnership agreement with STC to enhance digital infrastructure

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Reading time: 2 MinutesThe stc Group announced that it has signed a strategic partnership agreement with New Square Development Company to enhance support for the effective implementation of projects and initiatives related to telecommunications and information technology, and to leverage the innovative digital solutions that the stc Group will provide in the future. Through this agreement, the stc Group seeks to promote digital and technological transformation in major projects in the Kingdom of Saudi Arabia … Read more

Saudi researcher comes up with an innovation that relieves extreme heat in residential complexes

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Reading time: < 1 MinuteEngineer Saeed Al-Hassiki, a researcher at King Abdulaziz University and lecturer in the Department of Environmental Architecture at the College of Architecture and Planning, has developed an innovation designed to mitigate extreme heat in urban areas within residential neighborhoods in the city of Jeddah. This innovative project was awarded the American Society of Landscape Architects (ASLA) Award in the Housing category, with its findings focusing on the interaction between urban heat events … Read more

How does hosting global events affect the Kingdom's real estate and hotel sector?

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Saudi Arabia Foreign Investment

Reading time: 3 MinutesSaudi Arabia is one of the leading countries undergoing an unprecedented economic transformation, as it seeks to strengthen its position on the global stage by hosting major international events such as Expo Riyadh 2030 and the 2034 FIFA World Cup. These global events are not merely sporting and cultural occasions; rather, they are powerful drivers of economic development, particularly in the real estate and hospitality sectors, … Read more

Al-Haqeel reviews the Contractors Authority's strategy and services to regulate the contracting sector

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Al-Haqeel

Reading time: < 1 MinuteHis Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal and Rural Affairs, visited the headquarters of the Saudi Contractors Authority in Riyadh. During the visit, the members of the fourth term Board of Directors were introduced, and the Authority’s strategy and services were presented, through which it seeks to continue regulating the contracting sector and developing its workforce via a range of services and initiatives. His Excellency was also briefed, in the presence of the Authority’s Chairman, Mohammed bin … Read more

Ministry of Justice: 1.5 million inquiries about “inherited properties” through the Real Estate Exchange

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Real estate stock exchange

Reading time: < 1 MinuteThe Ministry of Justice has revealed that the number of inquiries made through the “Inquire About Inherited Properties” service on the Real Estate Exchange has exceeded 1.5 million since its launch. The Ministry made the Inherited Real Estate Inquiry service available through the Real Estate Exchange as part of its effort to provide all services electronically and save beneficiaries time and effort. The service enables users to inquire electronically about inherited real estate, … Read more

Roshan Group receives two ISO certifications for customer satisfaction

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Roshan Real Estate Company - Residential Projects

Reading time: < 1 MinuteRoshon Group—a Public Investment Fund company—has received a number of prestigious international certifications in the field of customer satisfaction from the International Organization for Standardization (ISO). Roshen’s attainment of ISO 10003 and ISO 10004 certifications from the International Organization for Standardization (ISO) serves as further confirmation of the group’s unwavering commitment to providing the best services to customers throughout the Kingdom, and is evidence of … Read more

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