Month: January 2025

Head of the Land Registry: We use modern technologies to create a real estate map of 8.2 million properties

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President of the Real Estate Registry Dr. Mohammed Al-Suleiman

Reading time: 2 MinutesDr. Mohammed Al-Sulaiman, CEO of the Real Estate Registry, announced that the Real Estate Registry has successfully carried out cadastral lifting of more than 22,000 square kilometers of the Kingdom's area, as part of the first real estate registration project. Dr. Al Sulaiman explained that the Land Registry relied on modern technologies, including drones and manned aircraft, to obtain high-precision cadastral data that reaches ... Read more

Real estate fund: Housing subsidy disbursement next Sunday instead of Thursday

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Real Estate Development Fund - Your Subsidy Equals Your Installment - Direct Lending

Reading time: < 1 MinuteThe Real Estate Development Fund announced that the housing subsidy will not be deposited yesterday, Thursday, confirming that the subsidy deposit for this month will be made on Sunday. A number of housing subsidy beneficiaries had demanded the implementation of the payroll disbursement mechanism in the subsidy system, by depositing the subsidy on Thursday if Friday falls on the 24th, and depositing it on Sunday if Saturday falls on the 24th. And the month ... Read more

Historic Jeddah program unveils the second phase of the Arbaeen Lake development project

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Reading time: 2 MinutesThe Ministry of Culture's Jeddah Historical Program has announced the start of the second phase of the Arbaeen Lake waterfront development project, which aims to re-excavate the area that was filled in as a result of urban expansion in the past decades, reshape the lake, create a pier, and improve water quality. The Historic Jeddah Program seeks to restore the sea to the historic port of Al Bant as a point of ... Read more

25 investment opportunities in Jeddah on areas exceeding 57 million m2

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Jeddah Municipality - Unauthorized Buildings

Reading time: < 1 MinuteJeddah Municipality, through the Saudi Cities Investment Portal, has offered 25 investment opportunities for the year 2025, on various areas totaling more than 57 million square meters, distributed in the ranges of sub-municipalities in the governorate. These investment opportunities included 18 leasing sites for the establishment, operation and maintenance of commercial shops, and three sites for the establishment, operation and maintenance of medical complexes and clinics, in Rahmaniya and Bashayer in Jeddah, ... Read more

“Al Souda Development and Abha Chamber discuss prospects for cooperation in the contracting sector

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Residential program

Reading time: < 1 MinuteThe Chamber of Commerce and Industry in Abha, in cooperation with Al-Souda Development Company - one of the Public Investment Fund companies - organized yesterday evening a workshop entitled “The most prominent business opportunities and means of joint cooperation” at the Chamber's headquarters in Abha. The workshop discussed the prospects of cooperation between Al-Souda Development Company, Abha Chamber and the relevant authorities in the contracting and real estate development sector in Asir, to draw promising and stimulating paths ... Read more

Infographic: “Completion” approves more than 1250 plans for residential projects in 2024

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Developer Services Center - Umm Al-Qura Plan Approval

Reading time: < 1 MinuteThe Developer Services Center (TAMMAM) has announced the approval of more than 1250 plans with areas exceeding 24 million m2, and the approval of designs for more than 65 thousand housing units for residential projects on the lands of the Ministry of Municipalities and Housing during the year 2024. This comes as part of the center's efforts to accelerate and facilitate licensing procedures for real estate development projects, support real estate developers, increase the housing supply and enhance ... Read more

Minister of Finance: Return on invested assets reaches $200 per dollar

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Mohammed Al-Jadaan - Minister of Finance

Reading time: < 1 MinuteFinance Minister Mohammed Al-Jadaan revealed that the government spending efficiency program, which the Kingdom of Saudi Arabia has followed since 2017, has achieved amazing results in increasing the return on invested assets to $200 per dollar, while the target was $100 per dollar invested, pointing out that the commitment to economic reforms and following up on their performance led to the desired results. Al-Jadaan urged, during ... Read more

Riyadh Municipality provides building permit issuance service via “Madinati” application”

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Riyadh - Price Control -

Reading time: < 1 MinuteThe Riyadh Municipality announced the availability of the service of requesting the building system for the land plot, through electronic services, through easy steps; to view the regulatory controls of the land plot and its use, according to a developed mechanism to improve the beneficiary's experience. The Municipality explained that the spatial portal and the Madinaty application allow the user to access the information of the land plot, which facilitates access to municipal and geospatial information in ... Read more

NHC's newest urban destination in Al-Ahsa, Al Roses, is now open for business

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Reading time: 2 MinutesHis Royal Highness Prince Saud bin Talal bin Badr, Governor of Al-Ahsa, inaugurated yesterday the “Roses” destination NHC's newest destination in Al-Ahsa, in the presence of Abdulrahman bin Abdullah Al-Tawil, Undersecretary of the Ministry of Municipalities and Housing to stimulate housing supply and real estate development, Mohammed Al-Batti, CEO of the company, and a number of officials in the governorate of Al-Ahsa. The new destination comes as an extension of NHC's efforts to provide housing options... Read more

Cement, concrete, gypsum and sand prices rise in December

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Cement prices fall

Reading time: < 1 MinuteThe prices of cement and concrete in Saudi Arabia during December 2024 witnessed varying increases compared to November of the same year, according to the General Authority for Statistics' (GAS) Average Prices of Goods and Services Bulletin. Cement prices, white cement: Increased by 0.5% to reach SR37.59 per 50-kilogram bag. National black cement: Stabilized at 15.51 riyals per bag, with an increase ... Read more

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