Month: December 2024

Al-Baha Municipality issues 2424 compliance certificates during the building facade correction period

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Reading time: < 1 MinuteThe Al-Baha Regional Municipality continues to issue certificates of compliance for buildings located on the streets specified in the geographic explorer that meet the requirements, in line with its efforts to improve urban facades, addressing visual distortions, and raising the quality of the built environment, thereby contributing to the enhancement of Al-Baha Region’s urban landscape and the achievement of the objectives of the Kingdom’s Vision 2030. The Secretariat indicated that the number of building compliance certificates it has issued has reached … Read more

11.9 billion riyals deposited in the accounts of “Residential” beneficiaries in 2024

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Real Estate Development Fund

Reading time: < 1 MinuteThe Real Estate Development Fund announced today, Tuesday, that it has deposited 1.11 billion riyals into the accounts of beneficiaries of the Ministry of Municipalities and Housing and the Real Estate Fund’s housing program for the month of December 2024. Mansour bin Madi, CEO of the Real Estate Development Fund, said that the total support for the current month of December was allocated to subsidize the profits from various housing support program contracts, bringing the total deposited during the current year to … Read more

JLL report reveals: 7 indicators that highlight the growth of the Saudi real estate market

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Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia

Reading time: 3 MinutesSaudi Arabia is undergoing a remarkable transformation in its real estate market, where urban development is converging with economic diversification initiatives to drive growth in the real estate sector. As tourist numbers rise and performance indicators across various sectors improve, promising investment opportunities are emerging for companies and investors. JLL, a real estate consulting and investment firm, has released its new report, which highlights the dynamics of the real estate market in the Kingdom … Read more

Prince Salman bin Sultan inaugurates the “City Gate” project with an investment of 600 million riyals

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Emir of Madinah inaugurates Madinah Gate project

Reading time: 2 MinutesHis Royal Highness Prince Salman bin Sultan bin Abdulaziz, Governor of the Madinah Region, inaugurated the “Madinah Gate” project in the Economic Knowledge City, which is the first of its kind in the Kingdom, The project is based on the concept of Transit-Oriented Development (TOD), with investments totaling 600 million riyals for the first phase, and embodies a modern model of integrated urban planning. … Read more

Report: Strong demand for residential and office real estate in Saudi Arabia during the third quarter

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Administrative offices and residential real estate

Reading time: 3 MinutesCBRE Middle East, the world’s leading commercial real estate firm, has released the latest edition of its report on the residential and office real estate market in Saudi Arabia for the third quarter of 2024. In the office sector, Riyadh remained the main hub for tenant demand in the third quarter of 2024, while other cities in the Kingdom… Read more

“MODON announces the winners of the MODON Excellence Award”

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Reading time: 2 MinutesThe Saudi Authority for Industrial Cities and Technology Zones (MODON) has announced that the winners of the “MODON Excellence Award” will be revealed on December 22, under the patronage of His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef. This comes in line with MADIN’s strategic objectives to establish a leading industrial environment and implement best practices in digital transformation, research, and innovation, while maintaining business sustainability and providing … Read more

Steel and electrical wire prices rise and wood prices fall over the past month

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Steel Prices - Rebar

Reading time: < 1 MinutePrices for steel, wire, and electrical cables in Saudi Arabia rose significantly in November, while prices for some types of lumber fell. The Statistics Authority’s bulletin on average prices of goods and services provided detailed information on these changes. Steel prices in Saudi Arabia: Rebar (6 mm): rose by 0.21% to reach 3,997.71 riyals per ton. Rebar (8 mm): recorded an increase … Read more

NHC begins construction of second substation and interconnection lines at Al Fursan destination

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Residential program

Reading time: < 1 MinuteNHC announced the start of construction on the second substation and electrical transmission lines in Al-Fursan, northeast of Riyadh, with a value exceeding 285 million riyals and covering an area of over 5,600 square meters. The substation will be connected to the grid via high-voltage transmission lines exceeding 20 km in length, with the goal of providing electricity to more than 10,000 residential units, including amenities and parks. … Read more

Musa Mohammed Al-Haidari Real Estate Auctions offers 9 different real estate opportunities in Riyadh for sale

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Reading time: < 1 MinuteThe Musa Mohammed Al-Haidari Real Estate Auction Foundation, under the supervision of the Support and Liquidation Center (Enfaaz), by order of the Enforcement Court, and pursuant to a ruling by the Personal Status Court, announces the holding of the “Jawahar Riyadh” to be held electronically via the Mubasher auction platform, beginning on Thursday, December 26, 2024, at 12:00 p.m., and ending on Monday, December 30, 2024, between 5:30 p.m. and 7:00 p.m. The auction offers opportunities … Read more

More than 76,000 m3 of construction waste removed in Madinah last month

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Residential program

Reading time: < 1 MinuteLast November, the Medina Municipality removed more than 76,000 cubic meters of construction and demolition debris from various sites, as well as 126 illegal billboards, and 178 square meters of graffiti that marred the public landscape, in addition to removing 885 damaged and abandoned vehicles from roads and squares, as part of its plans to preserve the urban landscape … Read more

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