Month: July 2025

Medina Pilgrims Housing Committee begins issuing permits for the 1447 Hajj season

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Reading time: < 1 MinuteThe Pilgrims Housing Committee in Madinah announced the start of the period for issuing permits for buildings intended to house pilgrims for the 1447 Hajj season. The committee called on owners and investors of pilgrim housing to fulfill the statutory requirements and submit applications through the electronic platform dedicated to this, or by following the official accounts on social media platforms, stressing the importance of adhering to the approved controls, and submitting applications on time ... Read more

31.1 % Growth in Medina's construction sector over the past year

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Reading time: < 1 MinuteThe contracting sector in Madinah achieved growth during the year 2024 by 31.1% in the volume of sector activities, compared to the previous year, supported by a number of mega projects implemented in Madinah, expansion and maintenance works in the Prophet's Mosque and its surrounding facilities, and government support for housing projects and real estate initiatives. A report issued by the Madinah Chamber reviewed the most important factors supporting ... Read more

«Real Estate Authority (REA) conducts 8 compliance inspections last month

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Real Estate Registration Authority Logo

Reading time: < 1 MinuteDuring the month of June, the General Real Estate Authority (GRA) and the Ministry of Human Resources and Social Development (MHRSD) carried out 8 joint monitoring tours that included visiting 108 real estate establishments in Riyadh, Eastern Province, Makkah, and Asir to ensure compliance with real estate legislation in general and the real estate brokerage system in particular, in addition to what is related to the jurisdiction of government agencies ... Read more

“Monsha'at concludes the ”Real Estate and Contracting Week“ with the participation of 40 organizations and 2600 beneficiaries

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Reading time: < 1 MinuteThe General Authority for Small and Medium Enterprises (Monsha'at) concluded yesterday the “Real Estate and Contracting Week”, in partnership with the General Authority for Real Estate, the Saudi Contractors Authority and Saudi Homes, and the participation of 40 enablers and supporters from the public and private sectors, most notably the Ministry of Municipalities and Housing and the Royal Commission for the Holy City of Makkah and Holy Sites, with the aim of raising entrepreneurs“ awareness of investment opportunities in the real estate and contracting sector, as well as providing ... Read more

«Umm Al-Qura signs SAR 600 million deal to develop a luxury residential tower near the Haram

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Residential program

Reading time: < 1 MinuteUmm Al Qura for Development and Reconstruction, the master developer of the Masar destination in Makkah, has announced the signing of a sales contract for a strategic plot of land in the central area of the destination with Wethiq Retal Roya Al Haram Real Estate Fund, managed by Wethiq Capital, to develop a luxury residential tower with approximately 200 units, with an investment volume of more than SAR 600 million. The ... Read more

«National Housing signs agreement with Atlas Elevators to implement Al Forsan project

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National Housing Company

Reading time: < 1 MinuteThe National Housing Company (NHC) has signed an agreement with Atlas Elevators for General Trading and Contracting to supply and install elevators within the Al Forsan project, through the project's main contractor, Al Sabq Al Arabi Trading and Contracting. Atlas Elevators said in a statement published on the Tadawul platform that the agreement was made yesterday, and the duration of the agreement is one year, while the financial value of the contract could not be determined due to its adoption ... Read more

Agricultural investment in Saudi Arabia: Opportunities and Challenges

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Abdullah Al-Salih - National Day 95Investing in old buildings

Reading time: 2 MinutesAgricultural investment in Saudi Arabia: Promising Opportunities and Existing Challenges Abdullah bin Saleh The agricultural sector in Saudi Arabia is witnessing increasing interest from investors, in light of the diversity of investment fields and the wide target base, from individual farmers to specialized companies, and a number of promising opportunities that can be built upon to achieve sustainable economic growth, but several challenges still face this ... Read more

The journey of in-kind registration of real estate is detailed at the “Real Estate and Contracting Week” in Madinah

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Residential program

Reading time: < 1 MinuteThe activities of the “Real Estate and Contracting Week“, organized by the Enterprise Support Centers at the headquarters of the Enterprise Support Center in Medina, will continue until tomorrow, Thursday, July 03, 2025, with the aim of supporting and empowering entrepreneurs in the real estate and contracting sectors. The day's activities included organizing a session entitled “The Journey of Real Estate Registration in the Kingdom,” presented by the official spokesperson of the Real Estate Registry, Yazeed Al-Yahya, who ... Read more

Real estate pioneers showcase their experiences at the «Real Estate and Contracting Week» at the Enterprise Support Center in Jeddah

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Reading time: < 1 MinuteThe General Authority for Small and Medium Enterprises (Monshaat) organized yesterday the activities of the Real Estate and Contracting Week, including a number of specialized workshops, dialogue and consultation sessions and meetings with development and skills experts and exhibitors to expand the business network in the real estate and contracting sectors, at the Establishment Support Center in Jeddah. Yesterday's program includes several exhibitors that include the Jeddah Municipality, the General Authority ... Read more

“Statistics”: 63% hotel room occupancy rate in the first quarter of 2025

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Reading time: 2 MinutesThe room occupancy rate in hotels during the first quarter of (2025) increased by (2.1) percentage points from the corresponding quarter of (2024), to reach (63%), while the room occupancy rate in serviced apartments and other hospitality facilities in the same quarter amounted to (50.7%), a decrease of (3.8) percentage points from the corresponding quarter of (2024). According to the establishment statistics bulletin Read more

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