Month: April 2025

Details... New executive regulations for real estate tax exemptions

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Zakat, Tax and Customs Authority

Reading time: 2 MinutesAs part of measures and efforts to enhance transparency and tax justice, the Board of Directors of the Zakat, Tax and Customs Authority (ZTA) approved the executive regulations of the Real Estate Transaction Tax System, which aims to organize the process of taxing real estate transactions in the Kingdom, in line with Saudi Arabia's Vision 2030. This regulation is a major step towards modernizing the Kingdom's tax systems, while emphasizing the application of justice ... Read more

Citizen Account deposits 3 billion riyals to beneficiaries of the April payment

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Citizen's account

Reading time: < 1 MinuteToday, the Citizen Account Program deposited more than 3 billion riyals of the April subsidy allocation to beneficiaries who completed their applications, as the number of beneficiaries who met the eligibility criteria in the eighty-ninth installment reached 9.8 million beneficiaries and continued. The Director General of Communication for the Citizen Account Program, Abdullah Al-Hajri, explained that the total amount paid by the program to beneficiaries since its launch is 238 billion riyals, of which 2.7 billion ... Read more

Al Khobar Governorate advances 38 places globally in the 2025 Smart Cities Index

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Smart cities

Reading time: 2 MinutesThe International Institute for Management Development (IMD) announced today that Khobar Governorate has advanced 38 places in the Smart Cities Index for 2025, ranking 61st globally, which reflects a step in the remarkable progress made by the Kingdom in the fields of digital transformation and innovation. His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province and Chairman of the Council of the Region Development Authority (RDA), ... Read more

Today. The new real estate transaction tax system comes into effect

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Zakat, Tax and Customs Authority

Reading time: 2 MinutesThe new real estate transaction tax system will come into effect on Thursday, replacing the executive regulations that have been in place for years. The Board of Directors of the Zakat, Tax and Customs Authority approved the new executive regulations of the Real Estate Transaction Tax System, which came to define the mechanisms and criteria for applying the tax on real estate transactions in the Kingdom. The Executive Regulations of the Real Estate Transaction Tax System stipulate that a 5% tax will be imposed on any real estate transaction. Read more

The richest cities in the world New York tops, Riyadh and Dubai lead, London lags

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Reading time: 2 MinutesThe United States continued to lead the list of the top 50 cities in terms of the number of wealthy people, as the United States includes 11 cities in the ranking, led by New York, which came first in the world with more than 384,000 millionaires, including 818 people with wealth of more than 100 million dollars, along with 66 billionaires. The fourth edition of the ... Read more

Makkah achieves 39th place in the IMD Smart Cities 2025 Index

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Mecca

Reading time: < 1 MinuteThe International Institute for Management Development (IMD) has announced that the city of Makkah has been ranked 39th in the world in the list of smart cities for the year 2025 and second in the Kingdom after Riyadh. This progress highlights the ongoing efforts in digital transformation and innovation in the use of modern and advanced technologies, which contributes to improving the quality of life for the city's residents and visitors, making it ... Read more

“Real Estate Authority conducts 7 joint monitoring tours to ensure compliance over the past month

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Real Estate Registration Authority Logo

Reading time: < 1 MinuteDuring the month of March, the General Real Estate Authority (GRA) and the Ministry of Human Resources and Social Development carried out 7 joint monitoring tours, which included visiting 86 real estate establishments in Riyadh, Eastern Province, and Makkah Al Mukarramah. These tours are aimed at ensuring compliance with real estate legislation in general and the real estate brokerage system in particular, in addition to what is related to the jurisdiction of government agencies ... Read more

Decor and design... Utilizing small spaces is an art and creative solutions for creativity

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Reading time: 3 MinutesIn today's world, where the need for small spaces is increasing due to busy urban life, the art of utilizing every corner of the home becomes essential. Small spaces can often be a challenge, but it is also an opportunity to get creative and use innovative decorative solutions. With clever organization of spaces and the right choice of furniture, your compact home can be transformed into a comfortable and functional place that suits ... Read more

Riyadh will host the fourth edition of the Global Project Management Forum on May 17

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Al-Haqeel

Reading time: < 1 MinuteUnder the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, Riyadh will host the fourth edition of the Global Project Management Forum (GPMF) from May 17 to 19, 2025, under the theme “The Next Generation of Project Management: Human Capacity, Process Power, Technology Power”, emphasizing the Kingdom's leading role in the development of the project management system, ... Read more

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