Month: July 2025

After its launch. What do you know about the Real Estate Excellence Award?

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Off-plan real estate projects

Reading time: 2 MinutesThe Kingdom's real estate sector is witnessing a new transformation that reflects its growing ambition towards globalization and excellence in competitiveness and innovation, following the announcement of the Real Estate Excellence Award (REA), which comes to honor pioneers and highlight projects that redefine the concepts of urban and real estate development. The General Authority for Real Estate, in partnership with FIABCI, announced the launch of the Real Estate Excellence Award ... Read more

King Salman International Airport Development Company signs Memorandum of Understanding to promote sustainable energy use

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Reading time: < 1 MinuteThe King Salman International Airport Development Company (KSIA), a Public Investment Fund (PIF) company, announced the signing of a Memorandum of Understanding (MoU) with Biofuels Limited (BFL), in a move that aims to promote cooperation in the use of biodiesel as a direct alternative to fossil diesel during the construction phase of the airport, with the possibility of expanding its use during the operational phase in the future if needed. Under the agreement, ... Read more

«Abdullah Al-Harbi» participates in the Fourth International Conference on Financing for Development in Spain

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Abdullah Alharbi

Reading time: 2 MinutesMr. Abdullah Alharbi, FIABCI Representative to the United Nations and President of FIABCI Saudi Arabia, participated in the Fourth International Conference on Financing for Development, which was held from June 30 to July 3, 2025, in Seville, Spain, with the participation of more than 50 global leaders and representatives of more than 150 countries, led by King Felipe VI of Spain, Prime Minister ... Read more

The Cooperative Association of Real Estate Brokers and Marketers organizes a workshop in conjunction with the International Day of Cooperatives

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Association of Real Estate Brokers

Reading time: < 1 MinuteThe Cooperative Association of Real Estate Brokers and Marketers organized an introductory workshop at Joud Business Headquarters in Al Yasmeen neighborhood, coinciding with the International Day of Cooperatives, to introduce the association's objectives and strategies in enhancing capabilities and developing strategic plans. The workshop focused on knowledge and training empowerment for members of the association, with the aim of empowering real estate brokers and marketers with tools that contribute to developing their professional skills and enhancing their role in the real estate market. ... Read more

Signing a Memorandum of Cooperation between the Federation of Saudi Chambers and the Ministry of Municipalities and Housing

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Council of Chambers Federation Logo

Reading time: < 1 MinuteThe Federation of Saudi Chambers signed a memorandum of cooperation with the Ministry of Municipalities and Housing, under the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, with the aim of enhancing joint cooperation between the two parties. The memorandum seeks to achieve integration and unify efforts to improve the business environment in the Kingdom, which contributes to achieving the goals of the Kingdom's Vision 2030. The memorandum was signed by the Undersecretary of the Ministry of Municipalities and Housing ... Read more

Inauguration of 6 road projects in Riyadh at a cost of 380 million riyals

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Reading time: 3 MinutesOn behalf of HRH Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, HRH Prince Mohammed bin Abdulrahman bin Abdulaziz, Deputy Governor of the region, inaugurated today (6) road projects in the region, with a total length of (112) kilometers, at a cost of (380) million riyals. This came during a meeting with HE the Minister of Transportation and Logistics at his office in the Palace of ... Read more

«Trade» invites organizations that have been registered in the commercial register for a year to confirm the data electronically

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Ministry of Commerce Financial Statements Filing

Reading time: < 1 MinuteThe Ministry of Commerce has called on commercial establishments that have been registered in the commercial register for one year to confirm the commercial register data electronically (within a maximum period of 90 days), to avoid suspension of the commercial register. This is based on the Commercial Registration Law and its Executive Regulations, which obliges the trader to submit annually to the registrar a confirmation of the data recorded in the commercial register, and the date of ... Read more

Number of commercial registrations in Saudi Arabia to exceed 1.7 million by the second quarter of 2025

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Ministry of Commerce - Saudi Companies

Reading time: < 1 MinuteThe Ministry of Commerce has released its business sector summary for the second quarter of 2025, including a look at the performance of the business sector and its developments in the Kingdom. The bulletin touched on the total commercial records issued in the second quarter of this year, and more than (80) thousand commercial records were issued, reaching a total of more than (1.7) million commercial records in all regions of the Kingdom. The bulletin highlighted ... Read more

Real Estate Authority launches the Real Estate Excellence Award in partnership with the International Real Estate Federation

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Real Estate Registration Authority Logo

Reading time: < 1 MinuteThe Real Estate Authority (REA), in partnership with the International Real Estate Federation (IRF), announced the launch of the Real Estate Excellence Award (REA) to celebrate exceptional contributions and achievements in the real estate sector in the Kingdom, as an extension of the prestigious international real estate award “ABCI Prix d'Excellence”, and as a catalyst that leads to competitiveness for innovation and development in the sector. The award includes the participation and submission of pioneering projects in housing solutions ... Read more

46 industrial activities in the heart of cities How does this affect the real estate sector?

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Ministry of Industry and Mineral Resources - Certificate of Origin

Reading time: 3 MinutesA major shift is on the horizon for Saudi Arabia's urban landscape, after the Ministry of Industry and Mineral Resources announced that 46 low-environmental impact industrial activities will be allowed within cities and on commercial streets. The decision, which was based on the findings of a central committee that included eight government agencies, puts the real estate market at a critical stage of readjustment to new variables in the use of ... Read more

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