Month: April 2025

Jeddah's Al Chalih plan begins signing contracts with beneficiaries and handing over land Next Sunday

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Al Chaleh Scheme in Jeddah

Reading time: < 1 MinuteJeddah Development and Urban Development Company announced the start of signing contracts with beneficiaries, in conjunction with the delivery of lands, starting next Sunday, 6 Dhu'lqa'dah 1446H, for a period of two months, after the completion of the preliminary work, and the percentage of reservations reached 100% of the total leasing area of 850,000 square meters. The Al Chalih scheme is a closed model complex that includes a gateway... Read more

More than 4 billion riyals allocated for infrastructure works at King Saud University in Diriyah

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Diriyah company

Reading time: < 1 MinuteAl Diriyah Company announced the signing of a SAR 4.225 billion contract to implement the infrastructure development of the Al Diriyah project in the King Saud University area in the eastern part of the master plan of the project, in addition to relocating some facilities and administrative offices of the university during the development process. The overall scope of the contract includes the design and construction of alternative facilities for King Saud University and administrative offices, and includes the implementation of ... Read more

What are the most important effects of the new amendments to the white land fee system on the real estate supply

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White Land Fees Program

Reading time: 2 MinutesAs part of the ongoing efforts to regulate the real estate sector and achieve a balance between supply and demand, the Council of Ministers approved substantial amendments to the White Land Fees Law, a qualitative shift aimed at promoting the efficient use of unused land and buildings, and stimulating real estate development in line with the objectives of the Kingdom's Vision 2030. The amendments, which came under the direct guidance of His Highness the Crown Prince, ... Read more

General Authority for Statistics: 13.1% rate of increase in non-petroleum exports in 2024

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Saudi Exports - GDP

Reading time: < 1 MinuteThe General Authority for Statistics (GASTAT) released today, Wednesday, April 30, 2025, the International Trade Statistics Bulletin for 2024, which showed an increase in non-oil exports (including re-exports) of 13.1% compared to 2023, while total commodity exports recorded a decrease of 4.5% year-on-year, while imports increased by 12.5% during 2024. According to the results of ... Read more

Reading the Vision 2030 report. Indicators and Initiatives Drive Achievements

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Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Reading time: 2 MinutesA reading of the Vision 2030 report: Indicators and initiatives drive achievements Abdulaziz Al-Essa The annual report of Saudi Vision 2030 for 2024 reflects the Kingdom's race against time towards achieving the targets that make the future brighter according to an ambitious, clearly defined vision that seeks to build three pillars; a vibrant society, a prosperous economy, and an ambitious homeland. The celebration of this report, which coincides with the launch of the year ... Read more

281,000 hotel rooms licensed in 2024 The growth rate is 69.5%

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Riyadh Real Estate - Hotel Room

Reading time: < 1 MinuteThe annual report of the Kingdom's Vision 2030 for 2024 revealed that the number of licensed hotel rooms in hospitality facilities grew by 69.5%, reaching about 476 thousand rooms in 2024, compared to about 281 thousand rooms in 2023, while the number of rooms targeted by 2030 is about 675 thousand rooms, including 120 thousand rooms in Riyadh. According to the report, ... Read more

Al-Haqeel: Amendments to the White Land Fees Law are an important step in providing real estate supply

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White Land Fees Program

Reading time: 2 MinutesThe Minister of Municipalities and Housing, Majid Al-Hogail, explained that the amendments made to the white land fees system constitute an important step to raise the efficiency of the sector in the Kingdom, enhance real estate development and raise its investment attractiveness, achieve balance in the real estate market, and contribute to the efficient use of unused land and buildings, providing the real estate supply in general and residential in particular ... Read more

Cabinet approves updated organizational structure and manual for the Ministry of Investment

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Cabinet of Ministers

Reading time: < 1 MinuteUnder the chairmanship of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the Cabinet yesterday approved the amendment of the White Land Fees Law and the updated organizational structure and manual of the Ministry of Investment. The Cabinet expressed its appreciation for the efforts of government agencies that contributed to the achievements of the Kingdom's Vision 2030 as it approaches its ninth year ... Read more

The real estate market currently covers 50% of demand Riyadh's 130k housing units meet annual demand and rebalance

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Riyadh - Price Control -

Reading time: 2 MinutesThe Minister of Municipalities and Housing, Majid Al-Hogail, revealed that Riyadh needs between 120-130,000 housing units annually, due to the high demand for housing in the capital. He explained that the real estate market currently covers only 40% to 50% of this need, stressing that the recent decisions related to land availability and balancing the sector will contribute to ... Read more

Amendments: Raising the upper limit of the annual white land fee percentage not to exceed (10%) of the value of the property

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Real Estate - White Land Fees

Reading time: < 1 MinuteThe Minister of Municipalities and Housing, Majid Al-Hogail, explained that the most prominent amendments approved by the Cabinet today are the fee rate, white land areas, types of use, stages of application and its inclusion of vacant properties, which the system defines as (buildings ready for use and prepared for occupancy within the urban area and unused for a long time without an acceptable justification and whose non-use or non-utilization affects the ... Read more

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