Month: April 2025

Al-Haqeel visits Russia tomorrow to boost cooperation in municipal services and urban development

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Al-Haqeel

Reading time: < 1 MinuteHis Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, will begin an official visit to the Russian Federation on Monday, aimed at enhancing cooperation in the fields of municipal services, urban planning and urban landscape development, as part of the Kingdom's efforts to exchange experiences and build international partnerships that support the targets of Saudi cities in the Kingdom's Vision 2030. During the visit, His Excellency will hold a series of official meetings with ... Read more

Learn about the amendments to the executive regulations of the VAT system after its approval

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Zakat, Tax and Customs Authority

Reading time: 2 MinutesAs part of the organizational efforts aimed at developing the Value Added Tax (VAT) system and achieving greater efficiency and legislative clarity, the Board of Directors of the Zakat, Tax and Customs Authority approved important executive amendments that were included in the executive regulations of the system, which came into effect immediately after their publication in the official gazette “Umm Al-Qura”. These amendments included a package of new procedures and controls that affect ... Read more

Real Estate Opportunities at Jeddah's Dirrar Auction

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Reading time: < 1 MinuteMeraas United Real Estate Company, under the supervision of the Attribution and Liquidation Center «Enforcement» and by a decision of the Execution Court, announces the holding of the ”Jeddah Durrar Auction” online auction through Al Dal Auctions platform, and my presence on Sunday 27/4/2025 corresponding to 29/10/1446 AH at Gloria Hall in Jeddah at 4:00 pm. The auction offers 2 opportunities ... Read more

The third edition of the Ceredo Real Estate Development and Ownership Exhibition kicks off in September

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Ceredo Real Estate Exhibition

Reading time: < 1 MinuteJeddah Chamber will host the third edition of the Ceredo Real Estate Development and Ownership Exhibition 2025, which boasts many huge and diverse investment opportunities spread across the Kingdom, at the Chamber's headquarters. The exhibition will be held from September 9-11, 2025, after it was scheduled for April 27-30, 2025, with the aim of creating a rich real estate environment that enables companies ... Read more

Riyadh Metro continues to expand Two new stations on the Orange Line

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Riyadh train

Reading time: < 1 MinuteThe Riyadh Public Transport Platform (RPTP) announced on Saturday the operation of two new stations within the Orange Route of the Riyadh Metro project, namely the “Railway Station” and the “Jarir Neighborhood” station. The Orange Route is a strategic link between east and west Riyadh, extending from Jeddah Road in the west to the second eastern ring road along the Khashm Al-An area in the east, with a length of 41 kilometers. ... Read more

Al Diriyah Company announces the award of the Royal Opera House development project at a cost of more than 5 billion riyals

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Residential program

Reading time: 2 MinutesDiriyah Company announced the award of the contract for the development of the Royal Opera House at an investment cost of SAR 5.1 billion, as one of the most prominent cultural assets in the Diriyah Development Plan, in an important step to shape the region and make it a global destination for culture and the arts, in line with the objectives of the Kingdom's Vision 2030. Three companies won the contract to implement the Royal Opera House in Diriyah, namely: Seef ... Read more

“Saudi Electricity Company wins 5 medals at the Geneva International Exhibition of Inventions What are they?

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Residential program

Reading time: < 1 MinuteSaudi Electricity Company (SEC), under the supervision of the Ministry of Energy, achieved a new global achievement by winning five medals at the 2025 Geneva International Exhibition of Inventions, for a range of qualitative innovations that reflect its leadership in the electricity industry. The company's innovations won various medals as follows: The mobile generator and the industrial smartwatch “Spot Guard” won the gold medal, while the ... Read more

Steel prices fall, wood and electrical cables rise last month

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Steel Prices - Rebar

Reading time: 2 MinutesAmid fluctuations in global markets, steel prices in Saudi Arabia recorded a slight decline during March 2025, while the prices of some other building materials such as wood and electrical cables increased, according to the General Authority for Statistics (GASTAT) bulletin on the average prices of goods and services. The price of rebar (6 mm) fell to about 3849.28 riyals per ton, a monthly decrease of ... Read more

Concrete prices rise and cement prices fluctuate over the past month

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Reading time: < 1 MinuteConcrete prices in Saudi Arabia rose slightly in March, according to the latest data released by the General Authority for Statistics (GAS). While the prices of cement and some other materials used in construction varied, raising questions about future trends in the local building materials market. A slight rise in concrete prices In price details, the price of concrete (350 K resistant) ... Read more

Saudis plan to invest SAR 3.57 billion in branded residential real estate

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Reading time: 2 MinutesFigures reveal a strong trend among Saudis towards branded residential real estate, with more than SAR 3.57 billion expected to be pumped into this promising sector in the coming years, according to a new survey conducted by Knight Frank in partnership with YouGov. According to a new survey conducted by Knight Frank in partnership with YouGov, there is a strong desire among Saudis to own branded homes, reflecting ... Read more

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