Month: July 2026

Launch of Development and Investment Projects Worth Over 900 Million Riyals in Al-Qatif Governorate

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Reading time: 3 MinutesHis Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, yesterday launched at his office in the Governorate’s headquarters, development, investment, and community projects in the Qatif Governorate, with a total value exceeding 900 million riyals, in the presence of His Excellency the Secretary of the Eastern Province, Engineer Fahd bin Muhammad Al-Jubeir. Infrastructure Development: These projects are part of the Eastern Province Secretariat’s efforts to develop infrastructure and improve … Read more

«Real Estate and Construction Week» Comes to a Close in the Asir Region

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Reading time: < 1 MinuteYesterday evening marked the conclusion of the fourth day of “Real Estate and Construction Week,“ which featured a series of high-level meetings to discuss the prospects for the real estate and development sectors in the Asir region. The agenda for the fourth day included two main sessions addressing key issues of concern to investors and real estate developers. The first session, held in collaboration with the Ministry of Commerce, focused on the “System for Combating Front Companies,” reviewing the most significant recent developments … Read more

869 Building Permits Issued in Al-Ahsa During the First Half of 2026

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Reading time: < 1 MinuteDuring the first half of 2026, the Al-Ahsa Municipality issued (869) building permits that comply with Saudi architectural requirements under the “Al-Ahsa Oasis Architecture” initiative, including residential, commercial, and government permits, in a move that reflects the Secretariat’s commitment to implementing the objectives of the National Urban Identity and enhancing the quality of the urban environment.The issuance of these permits is an extension of the Secretariat’s efforts to implement the principles of Saudi architecture, which aim to build … Read more

«Real Estate and Construction Week» Highlights the Role of Development Projects in Revitalizing the Economy of Asir

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Reading time: < 1 MinuteActivities continued for “Real Estate and Construction Week,“ organized by the General Authority for Small and Medium Enterprises (Monsha’at) in cooperation with the Asir Region Development Authority, and hosted by the Abha Chamber of Commerce, with the participation of a number of government and private entities, to discuss the current state of real estate investment in the Asir Region and mechanisms to support and develop it.The sessions on the second day focused on looking ahead to the future of this investment and reviewing the economic opportunities offered by major development projects … Read more

The Saudi Green Building Forum Shares Its Experience in Utilizing Waqf to Achieve Sustainable Development

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Reading time: 2 MinutesThe Saudi Green Building Forum participated in a roundtable discussion titled “Strengthening the Role of Waqf in Sustainable Development and South-South Cooperation,” in the presence of the Permanent Representative of the Kingdom of Saudi Arabia to the United Nations, Ambassador Dr. Abdulaziz Al-Wasel. The event was hosted and organized by the General Authority for Endowments in partnership with the United Nations Development Program (UNDP), on the sidelines of the High-Level Political Forum on Sustainable Development … Read more

33.5 billion riyals in projects are driving growth in the construction sector in Medina

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Reading time: 2 MinutesThe construction sector in the Madinah region saw significant activity in 2025, driven by the momentum of development and investment projects underway in the region, which reinforced its position among the Kingdom’s leading construction markets, according to data from the annual report of the Saudi Contractors Authority. The report showed that Madinah continued to strengthen its presence in the sector through a broad base of operating companies and institutions, with the number exceeding … Read more

REIT assets rise to 31.8 billion riyals by the end of the first quarter of 2026

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REITs

Reading time: 2 MinutesData for the first quarter of 2026 showed that the total assets of publicly traded real estate investment trusts (REITs) listed on the Saudi market rose to approximately 31.8 billion riyals, marking a year-over-year growth of 6.7% compared to the same period last year, reflecting the sector’s continued expansion and its ability to attract investment despite economic and financial challenges. The Saudi capital market currently comprises 20 real estate funds … Read more

Real Estate Development: Supply and Demand

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Reading time: < 1 Minuteتسعى إدارات شركات التطوير العقاري إلى زيادة حجم إنتاجها ومبيعاتها من الوحدات العقارية الجاهزة وتكاد تكون تلك الزيادة بصورة سنوية، وهو الهدف الذي أنشئت من أجله تلك الشركات وتسعى من خلاله إلى تحقيق عائد على رأس المال المستثمر به، ولكن تواجه العديد منهاتباطؤ العمليات البيعية “انخفاض المبيعات” بصورة واضحة غالباُ حسب العديد من المؤشرات التي … Read more

The Mud-Brick Houses of Thul: The Memory of a Place Woven Over Centuries on the Red Sea Coast

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Reading time: < 1 MinuteThe ancient mud-brick houses in the center of Thul, north of Jeddah Province, with their brown walls and roofs supported by acacia and palm trunks, weave an architectural epic that transcends the boundaries of time and space, standing as a silent witness to centuries of maritime life and carrying within their details the memories of generations who lived to the rhythm of the waves, and who, using mud, stone, and wood, forged an architectural legacy that embodies humanity’s authenticity and its ability to harmonize with the environment… Read more

Raw Land at the Sana Taif Auction

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Muzad Company Logo

Reading time: < 1 MinuteMuzad Trading Company announces a public auction—supervised by the Enforcement and Liquidation Center (“Enfaذ”) and pursuant to a ruling by the Personal Status Court—for the “Sana Al-Taif Auction.” The auction will begin on Thursday, July 23, 2026, electronically via the Somtek auction platform at 12:00 p.m. and will end on Sunday, July 26, 2026. The auction features a vast tract of undeveloped land on Al-Hada Road with an area of 2,615,605.26 … Read more

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