Reading time: < 1 MinuteHis Excellency Mr. Sultan bin Abdulrahman Al Murshid, CEO of the Saudi Fund for Development (SFD), signed two development loan agreements worth $92.7 million to finance and support the water, housing, infrastructure and health sectors in various regions of Barbados. The first agreement aims to ... Read more
Reading time: 2 MinutesSaudi Arabia recorded a budget deficit of 34 billion riyals (about 9 billion dollars) during the second quarter of 2025, according to Saudi state television, citing data from the Ministry of Finance. The data showed that total state revenues amounted to 301 billion riyals (80.1 billion dollars), distributed between oil revenues amounting to 151 billion riyals (40.2 billion dollars), ... Read more
Reading time: 2 MinutesHis Royal Highness Prince Salman bin Sultan bin Abdulaziz, Governor of Al-Madinah Region, extended his thanks and gratitude to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Council of Ministers - may God protect them - on the occasion of the adoption of Medina as a healthy city by the Health Organization ... Read more
Reading time: 2 MinutesThe 2024 Quality of Life Program Report - one of the programs to achieve the Kingdom's Vision 2030 - reveals qualitative achievements in six key sectors that have contributed to improving lifestyles, enhancing the urban landscape, expanding cultural, recreational and sporting options, and empowering communities. The annual report, titled “A High Quality of Life ... Read more
Reading time: 3 MinutesAspirations in the construction industry are no longer just about creating high-rise towers or mega-housing projects, the focus is increasingly on how to reduce cost without compromising quality or performance. With rising raw material prices and a growing demand for sustainable and energy-efficient urban solutions, innovation in building materials has emerged as one of the most promising solutions to minimize ... Read more
Reading time: < 1 MinuteAl-Ahsa Municipality issued yesterday the first building license for a residential project according to the requirements of “Saudi architecture“, in a step that represents a qualitative breakthrough to embody the urban identity of the Al-Ahsa oasis and activate the cultural and urban heritage in the cities of the Kingdom. Al-Ahsa Municipality yesterday issued the first building license for a residential project in accordance with the requirements of "Saudi Architecture", in a step that represents a qualitative start to embody the urban identity of the oasis of Al-Ahsa and activate the cultural and urban heritage of the Kingdom's cities. Read more
Reading time: < 1 MinuteThe General Real Estate Authority (GRA) said that the real estate ownership system for non-Saudis has been prepared to ensure that it does not affect the citizen's opportunities to own property or affect the price balance in the real estate market. The Authority explained in a statement that the system and its executive regulations include controls and determinants of ownership that work to create a more flexible, stable and diversified market in which opportunities are available to all, and are managed ... Read more
Reading time: 2 MinutesAzad Properties has signed a strategic leasing agreement with Apparel Group, one of the region's leading retail groups, to bring a selection of leading international brands and concepts in the retail and F&B sectors to Souq7 in Jeddah. Under the collaboration, 13 fashion and F&B brands will open at Souq7, spanning a total leasable area of ... Read more
Reading time: < 1 MinuteNHC Innovation, the innovation arm of the Sakany program, has signed a strategic cooperation agreement with Mangaz to provide integrated digital solutions for asset and facility management through the Connect platform, as part of Sakany's Asset and Facility Management service to enhance the quality of life within residential communities and improve the user experience. The agreement is part of Sakany's “Asset and Facility Management” service to enhance the quality of life within residential communities and improve the user experience. Read more
Reading time: 2 MinutesRiyadh - Mohammed Jamous: The Riyadh Municipality has intensified its efforts in coordination with the Ministry of Municipalities and Housing to confront the phenomenon of dividing residential units on villas, buildings and apartments into multiple rental units without obtaining the necessary licenses, which constitutes a great burden on infrastructure and public services, and negatively affects the quality of life in residential neighborhoods. Wide surveillance campaigns and regular penalties as a result of violations ... Read more
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