Month: December 2024

Saudi Technology Fund acquires 92% from PropertyNet to foster innovation and expansion in the real estate technology sector

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Reading time: < 1 MinuteThe Saudi Technology Fund (STF) announced its acquisition of 92% from “Property Net,” a leading provider of real estate management software solutions in the Kingdom of Saudi Arabia. This acquisition aims to support PropertyNet’s expansion into new markets and accelerate the development of innovative products that meet the needs of the evolving real estate sector. PropertyNet CEO Abdulrahman Al-Kulaibi said, “This partnership … Read more

“Real Estate Authority” conducts 12 monitoring rounds and monitors 9457 real estate advertisements

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Real Estate Registration Authority Logo

Reading time: < 1 MinuteIn November, the General Real Estate Authority, in collaboration with the Ministry of Human Resources and Social Development, conducted 12 joint inspection tours that included visits to 148 real estate establishments in the Riyadh Region, the Eastern Province, and the Makkah Region. The aim was to ensure compliance with real estate legislation in general and the Real Estate Brokerage Regulation in particular, as well as matters falling within the jurisdiction of the participating government agencies in … Read more

Investment opportunity to establish, operate and maintain a specialized city for the sale of building materials in Sabya

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Reading time: < 1 MinuteThe Jazan Region Secretariat announced an investment opportunity to establish, operate, and maintain the Sabya Construction City, covering an area of 106,616 square meters, under a 25-year contract. The Secretariat explained that the investment opportunity consists of a specialized complex for the sale of building materials, construction equipment, and furniture, as well as support services, commercial activities, and a central market. The Jazan Municipality invited those interested in competing for the investment opportunity … Read more

The Riyadh Train: A Different Perspective on Real Estate

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Abdulaziz Alissa - Riyadh train tracks - 95th National Day

Reading time: 2 MinutesThe Riyadh Metro: A Different Perspective on Real Estate by Abdulaziz Al-Issa It is now certain that the Riyadh Metro represents a quantum leap in the public transportation sector—not only at the national level; but also at the continental and global levels, thanks to the high quality and precision with which the project was executed to provide innovative solutions to the growing challenges of urban mobility. Once it begins operating, the benefits of this project will become apparent… Read more

Riyadh Metro. A step towards the globalization of cities

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Abdullah Al-Salih - National Day 95Investing in old buildings

Reading time: < 1 MinuteThe Riyadh Metro: A Step Toward Global Cities—Abdullah bin Saleh, in Report No. 122 issued by the Asbar Forum, which was held in December 2023, titled: “The Economy of Riyadh in Light of the Kingdom’s Vision 2030,” Professor Fahd Al-Qasim discussed Riyadh’s transformation into a global city and reviewed a number of indicators pointing to this, including those related to … Read more

Riyadh Metro. Real estate challenges around the stops

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Asim Al-Jughaiman - Riyadh Metro

Reading time: < 1 MinuteThe Riyadh Train: Real Estate Challenges Around Stops — Asim Al-Jogiman There is no doubt that infrastructure projects are of paramount importance to any city, including, for example, the Riyadh Metro, which will have a significant impact on real estate investment and open up numerous opportunities. Rail projects serve to strengthen connections between different areas and link residential and commercial districts, which leads to … Read more

The inauguration of the Riyadh train. A civilizational achievement that moves the capital to the ranks of global cities

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Riyadh train

Reading time: 3 MinutesLast Wednesday, November 27, 2024, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—inaugurated the Riyadh Metro project, which serves as the backbone of the “Riyadh Public Transportation Network” and one of the components of the city’s transportation system. It consists of 6 lines and 85 stations. The Custodian of the Two Holy Mosques, may God protect him, watched a promotional video about the Riyadh Metro project, which represents one of … Read more

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