Month: May 2025

On World Telecommunication and Information Society Day Saudi Arabia is leading the future with a digital economy and artificial intelligence reshaping the world

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Digital Economy - Digital Communications Achievements

Reading time: 2 MinutesThe Kingdom has made quantum leaps in the fields of digital economy, artificial intelligence, data centers, digital government, and human capacity development, within the objectives of Vision 2030, which laid the foundations for the transformation into a knowledge economy led by innovation, investing in people and technology, thus confirming its advanced position as a regional and global digital powerhouse. As the world celebrates World Telecommunication Day and the ... Read more

The Cooperative Association of Real Estate Brokers and Marketers adopts its agenda at its first meeting

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Reading time: < 1 MinuteThe Real Estate Brokers and Marketers Cooperative Association (REBM) held its first meeting on Thursday, May 15, 2025, at the Business Center of the Ministry of Housing, under the chairmanship of Mr. Majid Al-Harithi, Chairman of the Board of Directors, in the presence of the Board members and the founding members of the Association. The meeting began with a welcoming speech by the Chairman of the Board, during which he expressed his thanks and appreciation to the board members and all the founders for their efforts ... Read more

A property manager in a homeowners association. What do you know about it, what are its duties and how is it appointed?

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Reading time: 2 MinutesWith the growth of co-ownership projects in the Kingdom of Saudi Arabia, the importance of the pivotal role of the property manager within owners' associations is highlighted, as he is primarily responsible for organizing and managing the property and common facilities, and ensuring that the work runs smoothly according to systems and regulations that ensure justice and transparency. As the scope of this role expands, the General Real Estate Authority (GRA) has issued a comprehensive clarification on the duties of the property manager in the owners' association, ... Read more

Under the patronage of Minister Al-Hogail. Riyadh hosts the fourth edition of the Global Project Management Forum

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Reading time: < 1 MinuteUnder the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, the fourth edition of the Global Project Management Forum (GPF), under the theme “The Next Generation of Project Management. Under the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al Haqeel, the fourth edition of the Global Project Management Forum will be held in Riyadh on Saturday, under the theme ”The Next Generation of ... Read more

Ministry of Industry processes 556 requests for customs exemption in March

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Reading time: < 1 MinuteThe Ministry of Industry and Mineral Resources processed 556 requests for industrial customs exemption service in March 2025, as part of the ministry's efforts to encourage local industry and enhance its global competitiveness by granting national industrial enterprises an exemption from customs duties on their imports of industrial inputs. The ministry's spokesperson, Jarrah Al-Jarrah, explained that the customs exemption requests processed by the ministry include (1,908) items ... Read more

Saudi Arabia's inflation rate rises last month

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International Monetary Fund Riyadh office market

Reading time: < 1 MinuteRecent data released by the General Authority for Statistics (GASTAT) showed that residential rents were the main driver of rising inflation rates in Saudi Arabia during April 2025, compared to the same month in 2024. The data revealed that the housing, water, electricity, gas and fuel section rose by 6.8%, driven by a notable increase in the group of rents paid for housing ... Read more

«Baladi+. NHC Innovation launches first app with local maps

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Residential program

Reading time: < 1 MinuteBaladi, a subsidiary of NHC Innovation, has launched Baladi+, a smart platform that aims to improve the quality of life in the Kingdom's cities and facilitate the daily mobility of its residents and visitors. Baladi+ was developed with national talent to be more than just a navigation tool, offering an interactive map experience with a 3D interface and accurate localized content that reflects the reality of the Kingdom's cities and adapts to ... Read more

Tomorrow. The Global Project Management Forum kicks off in Riyadh with the participation of experts from 100 countries

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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, the fourth edition of the Global Project Management Forum (GPMF) will kick off in Riyadh tomorrow under the theme “The Next Generation of Project Management. Under the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al Haqeel, the fourth edition of the Global Project Management Forum will kick off in Riyadh tomorrow under the theme ”The Next Generation of Project Management. It represents ... Read more

NHC signs MoU to develop residential and commercial projects in its urban destinations

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Residential program

Reading time: < 1 MinuteNHC has signed a Memorandum of Understanding (MoU) with K Hovinian ME to develop a range of residential and commercial projects within its urban destinations, on the sidelines of the Saudi-American Investment Forum, held in Riyadh. NHC was represented by CEO Mohammed Bin Saleh Al Batti and K HovinianME's Tyler Lewis, and comes ... Read more

Revenues from white land and vacant property fees allocated to support housing projects

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Ministry of Municipalities and Housing - Group Housing Requirements

Reading time: 2 MinutesThe Ministry of Municipalities and Housing confirmed that the White Land and Vacant Properties Fee System, whose amendments were recently approved, contributes to increasing the real estate supply and achieving balance in the market, as well as raising the efficiency of using unutilized assets and promoting fair competition. The new system consists of fifteen articles, including basic definitions and details of the annual fees on white lands and vacant properties, ... Read more

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