Month: May 2025

GCC construction costs expected to rise in 2025 Challenges and outlook

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Reading time: 2 MinutesConstruction markets in the Gulf Cooperation Council (GCC) are poised to face a new wave of rising costs this year, driven by increasing challenges in supplies and skilled labor. According to a recent report by consulting firm Currie & Brown, the increase in construction costs is expected to range between 2% and 5% in the UAE, while it could reach 7% in Saudi Arabia. Reasons for the rise: Strong demand and challenges ... Read more

President of the National Housing Authority: Agreements worth SAR 21 billion to localize real estate supply chains and create thousands of jobs

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Residential program

Reading time: 4 MinutesImproving the quality of projects How does the committee work to promote engineering safety and improve the quality of construction projects? The Contracting, Building Materials, Engineering and Safety Committee at the Riyadh Chamber of Commerce and Industry works to increase the rate of compliance with safety standards and safety rules at construction sites. It also encourages the use of innovative means to reduce the number of accidents, risks and injuries that may occur during work. It also encourages the use of innovative means to apply ... Read more

Cabinet grants the Ministry of Municipalities and Housing the authority to sell housing units to non-housing subsidy beneficiaries

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Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Chairman of the Council of Ministers, chaired today's session of the Council of Ministers in Jeddah. At the beginning of the session, HRH the Crown Prince welcomed on behalf of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - to the Kingdom from various countries of the world to perform the pilgrimage ... Read more

Franchise Expo showcases the expansion of Saudi brands globally

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Franchise Expo Jeddah.

Reading time: < 1 MinuteSessions at the first International Floating Franchise Exhibition, held in Jeddah with the participation of entrepreneurs and investors from inside and outside the Kingdom, focused on how to expand in the field of franchising, and opportunities for Saudi brands to move to international markets. During the session, participants discussed the remarkable growth of the franchise sector in the Kingdom, driven by the Kingdom's Vision 2030, which aims to support investment opportunities ... Read more

Real Estate Registry wins Local Content Excellence Award in the private sector track

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Cadastre

Reading time: < 1 MinuteThe Local Content and Government Procurement Authority (LCGA) crowned the Real Estate Registry with the Excellence in Local Content Award for SMEs, achieving first place in the public services sector with a local content ratio of 78.05%, during a ceremony held recently under the patronage and attendance of H.E. Minister of Industry and Mineral Resources and Chairman of the Local Content and Government Procurement Authority, Mr. Bandar bin Ibrahim Al Khuraif, ... Read more

Under the supervision of Enforcement Crown Arrow announces «Developer Opportunities» auction«

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Post Developer Opportunities Twitter

Reading time: < 1 MinuteTaj Al Sahm Auctions, under the supervision of the Attribution and Liquidation Center «Enforcement» and by decision of the Execution Court, announces that the «Developer Opportunities» auction will be held electronically through the Sumtech Auctions platform on Tuesday, May 6, 2025 at 4:00 pm and the auction will end on Thursday, May 8, 2025 from 5:00 pm to 6:00 pm. The auction showcases 8 distinctive real estate opportunities in ideal locations in ... Read more

«SupplyPRO is a digital platform for the construction industry that reduces costs by 20%

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Residential program

Reading time: 3 MinutesMaan Al-Othaimin, General Manager of Supply Chain and Business Support at the National Housing Company (NHC), said that the SupplyPRO platform has become a leading model for digital transformation in the Kingdom's construction sector by providing integrated services that enhance supply chain efficiency, support local content, and open the way for local and international investments. Al-Othaimeen said during his speech at the ... Read more

«Zed Real Estate Auctions offers 161 residential plots in Al Khuzama plan in Madinah

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Z Auction Company News

Reading time: < 1 MinuteMedina - Zed Real Estate Auctions: Zed Real Estate Auctions has announced that the Al Khozama scheme, owned by Patek Real Estate, will be sold through a unique public auction held in person at the scheme site and electronically through Mubasher Auctions platform, from May 13 to 17, 2025. The Al Khozama scheme, located in the Mudhaynab neighborhood of Medina, includes 161 residential plots ... Read more

Minister of Industry and Mineral Resources begins official visit to France to promote cooperation between the two countries

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Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef

Reading time: 2 MinutesHis Excellency Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khuraif, started today an official visit to the French Republic, which will last until May 7, and will include the capital Paris and the cities of Marseille and Toulouse, during which he will head a high-level delegation from the industry and mining system. The visit aims to strengthen bilateral economic ties and develop cooperation between the two countries in the industrial and mining sectors, in addition to discussing ... Read more

«Zakat» invites organizations to submit tax withholding forms for the month of April

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Zakat, Tax and Customs Authority

Reading time: < 1 MinuteThe Zakat, Tax and Customs Authority (ZTA) has called on establishments subject to withholding tax in the Kingdom to submit withholding tax forms for the month of April 2025 by May 11. The Authority urged establishments to submit the withholding tax forms through its website https://zatca.gov.sa to avoid the late payment penalty of 1% of the tax that is not ... Read more

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