Month: January 2025

“Real Estate Fund”: 20 % growth in financing contracts for housing support programs in 2024

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Reading time: < 1 MinuteThe financing contracts for housing support programs by the Real Estate Development Fund recorded a growth of 20% during 2024, as a result of the diversity of financing solutions and the availability of innovative financing opportunities to serve the actual need and achieve the financing desires to own the appropriate housing. The CEO of the Real Estate Fund, Mansour bin Madi, explained that the various housing support programs enabled 89 thousand beneficiaries to sign ... Read more

January 19. Real estate registry work begins for 28 neighborhoods in Makkah

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Cadastre

Reading time: < 1 MinuteThe General Authority for Real Estate announced the start of the real estate registry for (19,239) real estate pieces in (28) neighborhoods in the Makkah region starting from January 19, 2025, until the end of April 24, 2025. The authority explained that the neighborhoods benefiting from the real estate registry in this phase include parts of the following neighborhoods in Makkah: (Safwa neighborhood, Dar Al Salam neighborhood, Al Naseem neighborhood, ... Read more

19 % growth in cement sales in December

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Building materials

Reading time: 2 MinutesSales of Saudi cement companies witnessed a remarkable jump during December 2024, recording a growth of 19% compared to the same period of the previous year, driven by a strong performance of major companies and a significant increase in export volumes. This performance reflects the sector's resilience and responsiveness to local and international demand, amid a notable rise in production and low inventories. Al Yamamah Cement's monthly data showed an increase in total ... Read more

Big 5 Construct Saudi 2025 kicks off in Riyadh on February 15

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Reading time: < 1 MinuteThe organizers of Big 5 Construct Saudi have announced the opening of registration for its highly anticipated 2025 edition, which will be held in Saudi Arabia from February 15-18, bringing together professionals from around the world to discuss advanced solutions in the construction and design phases. In the second week, from 24 to 27 ... Read more

Rabeez Real Estate Company to auction 16 residential properties next Tuesday

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Rebiz Real Estate Company - Auction

Reading time: < 1 MinuteRebiz Real Estate Company announces the sale of 16 residential properties in the online auction that includes distinctive qualifications of properties with various features and areas in a number of cities in the Kingdom, starting from Jeddah, the vibrant city of the Red Sea, through Makkah, which overflows with the fragrance of the place and its sanctity, from Taif with its fresh atmosphere, to Dammam, the beating heart of the Eastern Province, to Riyadh, ... Read more

Riyadh Municipality approves 19 residential plans with an area of more than 13.5 million square meters in 2024

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Reading time: < 1 MinuteThe Riyadh Municipality continued to implement its strategies to enhance the real estate supply and organize real estate operations to ensure the sustainability of development and balance in the real estate market. During 2024, the Municipality approved nineteen new residential plans with a total area of about thirteen million, five hundred and twenty-two thousand, four hundred and seventy-eight square meters, which contributed to providing more than seventeen ... Read more

Sanad honors the Real Estate Fund for supporting children of cancer patients

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Reading time: < 1 MinuteThe Sanad Charitable Society for Supporting Children with Cancer honored the Real Estate Development Fund for its contribution in implementing a number of interactive programs and activities to support children with cancer, in cooperation with the Society, as part of its community role. This came during the association's ceremony to honor supporters for the year 2024, under the patronage of Her Royal Highness Princess Adla bint Abdullah bin Abdulaziz, Chairman of the Board of Directors of the association. It is worth mentioning ... Read more

3 new construction codes added as part of the 2024 Saudi Building Code Modernization

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Building license via Baladi platform

Reading time: 2 MinutesThe National Committee for Saudi Building Code announced the update of the Saudi Building Code 2024, to replace the current version, based on Article 5 of the Saudi Building Code Law, which stipulates that the code should be updated every five years to keep pace with developments in the construction and building sector. The committee explained that the building code sets the minimum mandatory technical requirements for buildings, which stabilize ... Read more

Al Diriyah signs contract to develop the Boulevard neighborhood project for more than $113.6 million

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Reading time: < 1 MinuteAl Diriyah has signed a SAR 426.3 million (USD 113.6 million) architectural design contract with a specialized architectural firm as part of its plans to develop the Boulevard project. Al Diriyah will use its expertise to serve as the multidisciplinary design consultant for a series of uniquely designed buildings in three community areas in the Boulevard neighborhood, including ... Read more

Riyadh Infrastructure Projects Center Board of Directors reviews 2024 achievements at its fifth meeting

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Reading time: < 1 MinuteThe Board of Directors of the Infrastructure Projects Center in the Riyadh Region held its fifth meeting at the Center's headquarters in Riyadh, under the chairmanship of His Highness Prince Dr. Faisal bin Abdulaziz bin Ayyaf, Secretary of the Riyadh Region and Chairman of the Board of Directors of the Center, and in the presence of Their Excellencies the members of the Board. During the meeting, the CEO of the Center, Engineer Fahd bin Sulaiman Al-Baddah, reviewed the work and achievements of the Center ... Read more

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