Month: January 2025

By name The winners of the elections of the Contracting, Building Materials, Engineering and Safety Committee at the Riyadh Chamber

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Riyadh Chamber

Reading time: < 1 MinuteThe Riyadh Chamber of Commerce and Industry announced the results of the elections of the sectoral committees for the nineteenth session (1446-1450 AH), which witnessed great competition that resulted in the selection of 12 winners for each committee, bringing the total number of winners to 108 members, including four women. The Elections Supervisory Committee emphasized that in the event of a tie between two or more candidates, a lottery will be held to determine the winners according to ... Read more

By name... Winners of the 2025 Riyadh Chamber Real Estate Committee Elections

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Riyadh Chamber

Reading time: < 1 MinuteIn a remarkable event that reflects the vital movement of the real estate sector, the Riyadh Chamber of Commerce and Industry announced the results of the elections of the sectoral committees for the nineteenth session (1446-1450 AH). The elections witnessed great competition that resulted in the selection of 12 members for each committee, bringing the total number of winners to 108 members, including four women. In the event of a tie between two or more candidates, the Supervisory Committee clarified ... Read more

Ministry of Commerce: 67% growth in exported commercial records in the fourth quarter of 2024

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Ministry of Commerce Financial Statements Filing

Reading time: < 1 MinuteThe Ministry of Commerce released its quarterly business sector summary bulletin for the fourth quarter of 2024, including a look at the performance and developments of the business sector in the Kingdom. The Ministry of Commerce explained that the total number of records issued in the fourth quarter of this year compared to the same quarter last year increased by 67%, as more than 160,000 commercial records were issued during the past three months, ... Read more

Jeddah governor hands over 40 beneficiaries their housing units in Al-Ghala Center

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Residential program

Reading time: < 1 MinuteJeddah Mayor Saleh bin Ali Al-Turki, Al-Leith Governor Omran bin Hassan Al-Zahrani, and King Abdullah bin Abdulaziz Parental Foundation for Developmental Housing Chairman Majid bin Hilal Al-Kassar witnessed the handover of 40 housing units within the King Abdullah bin Abdulaziz Parental Foundation for Developmental Housing project in Al-Ghala Center of Al-Leith Governorate, in the presence of directors and heads of government departments and ... Read more

“Sustainable construction” sees 32% rise in sustainability assessment projects

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Reading time: < 1 MinuteThe “Sustainable Construction” program recorded a growth in projects benefiting from the “Sustainability Assessment” service during 2024 compared to last year, reaching 75 projects with a total area of nearly 47 million m2, registering an increase of 32% compared to 2023. In a press release, the program explained that 11 projects received a design conformity document, registering a growth of 19% compared to ... Read more

846,480 billion riyals, the volume of real estate loans by the end of the third quarter 2024

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Real estate loans

Reading time: < 1 MinuteReal estate loans provided by commercial banks to individuals and companies recorded a year-on-year growth of 13%, an increase of 99,277 billion riyals by the end of the third quarter of 2024, reaching 846,480 billion riyals, compared to 747,203 billion riyals for the same period in 2023. According to the monthly statistical bulletin issued by the Saudi Central Bank for the month of ... Read more

Standards and Regulations for Government Agencies Renting Real Estate Outside the Kingdom

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Public Authority for State Properties

Reading time: < 1 MinuteThe General Authority for State Properties has announced specific controls to regulate the process of renting real estate outside the Kingdom, with the aim of improving the efficiency of these operations and ensuring that the needs of diplomatic missions are met in line with local and international regulations. Criteria for renting real estate outside the Kingdom The controls set by the authority included a set of requirements to ensure the quality and efficiency of rented real estate, including Safety of the property: It must ... Read more

NHC unveils details and features of Central Park at Khiala North Jeddah

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Reading time: < 1 MinuteNHC has revealed the details of Khiala Central Park, which is the beating heart of the Khiala destination in North Jeddah, which is being developed by the company to be a distinct urban destination that combines quality of life and an integrated recreational environment spread over an area of 40,000 square meters, with a modern design that takes into account the various needs of residents and visitors, to be an attractive vital outlet. According to NHC, the park is characterized by its ... Read more

Public Authority for Roads builds first road using demolition debris Details

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Reading time: < 1 MinuteThe General Authority for Roads announced the implementation of the first road in the world to use building demolition waste in the asphalt mixes on the road surface, in cooperation with Al-Ahsa Municipality and the National Waste Management Center (MWAN). The project involves the use of construction and demolition waste in the asphalt paving layers of a road in Al-Ahsa. Read more

Steps and requirements for sorting real estate units through Sakani platform

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Real Estate Sorting Program

Reading time: 2 MinutesThe “Sakani” platform seeks to provide innovative solutions and integrated services that make it easier for beneficiaries to achieve their housing aspirations, and among the most prominent of these services is the “Real Estate Unit Sorting Service“, which enables real estate owners and developers to organize real estate units and obtain title deeds easily and quickly. Advantages of the Real Estate Units Sorting Service The Real Estate Units Sorting Service provides a range of advantages that ... Read more

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