Month: March 2025

Janadriyah tops the charts. Billion-dollar trades on the real estate market in a week

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Real estate stock exchange

Reading time: < 1 MinuteThe real estate bourse continues to record a strong performance that reflects the increasing activity in the Kingdom's real estate market, driven by high demand and increasing real estate deals in various regions. During the week ending February 27, 2025, the exchange witnessed billion-dollar trades amid a remarkable demand for land and real estate in a number of vital neighborhoods, especially in the capital, Riyadh, which topped the scene with a remarkable volume of transactions, ... Read more

“Industry” conducts 963 field visits to industrial facilities last month

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Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources, represented by the General Department of Branches, carried out “963” The Ministry of Industry and Mineral Resources carried out field visits to industrial facilities in a number of regions of the Kingdom during the month of January, as part of the Ministry's periodic tours to follow up factories, check their readiness, and ensure their commitment to apply quality standards and the necessary requirements.Jarrah Al-Jarrah, spokesman for the Ministry of Industry and Mineral Resources, explained that the visits ... Read more

Saudi ambassador to Tunisia supervises the handover of 330 housing units funded by the Saudi Fund for Development

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Residential program

Reading time: < 1 MinuteThe Ambassador of the Custodian of the Two Holy Mosques to Tunisia, Dr. Abdulaziz bin Ali Al Saqr, and Tunisian Minister of Equipment and Housing, Sara Zafarani, today supervised the handover of 330 collective housing units funded by the Saudi Fund for Development in Ben Arous Governorate, south of the capital Tunis. The first phase of the project, which is spread across a number of Tunisia's governorates, includes the provision of 4,715 social housing ... Read more

Joint cooperation between the Royal Commission for Makkah and Holy Sites and the Saudi Contractors Authority

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Residential program

Reading time: < 1 MinuteThe Royal Commission for Makkah and Holy Sites signed a Memorandum of Understanding (MoU) with the Saudi Contractors Authority (SCA), in the presence of SCA CEO Engineer Saleh bin Ibrahim Al-Rasheed and SCA Chairman Mohammed Al-Ajlan, to empower national companies and improve the quality of projects in accordance with the approved national standards. The agreement aims to exchange information and data related to accredited contractors in order to achieve the objectives of ... Read more

Defining the criteria for selecting the target organizations in Group 21 for the connectivity and integration phase of e-invoicing

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority has determined the criteria for selecting the targeted establishments in the twenty-first group to apply the “linkage and integration” phase of electronic invoicing, as the Authority explained that the twenty-first group included all establishments whose revenues subject to value-added tax exceed (1.25 million riyals) during the years 2022, 2023 or 2024. The Authority explained that it will notify all ... Read more

Renting real estate during Ramadan Tips to make the most out of your property as a landlord or tenant

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Reading time: < 1 MinuteRamadan is a special time in the real estate market, witnessing an increase in demand for residential and commercial properties, whether for temporary housing or to take advantage of the economic activity associated with the holy month. However, both landlords and tenants need smart strategies to ensure they make the best use of leasing opportunities during this period. So how do you plan to attract tenants... Read more

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