Month: July 2026

Real Estate Indicators... and Foreign Ownership

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Real Estate Marketing Emoji

Reading time: < 1 MinuteThe adoption of a system allowing non-Saudis to own real estate is a significant step forward in the Kingdom’s efforts to develop its investment environment, as it opens new horizons for foreign investors and companies to capitalize on the promising opportunities offered by the Saudi real estate sector, within a clear regulatory framework and through streamlined electronic procedures that allow transactions to be completed from anywhere in the world. The importance of the system lies in providing investors with greater insight… Read more

Covering an area of more than 4.4 million square meters, the development of seven sites marks a new phase in the Makkah Neighborhood Development Program

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Reading time: 2 MinutesThe CEO of the Royal Commission for Makkah City and the Holy Sites, Engineer Saleh bin Ibrahim Al-Rashid, affirmed that the awarding of contracts for the development of seven sites as part of the second phase of the Developed Neighborhoods Program represents a milestone in the urban development process in Makkah, and marks the beginning of a new phase in the program’s implementation through development partnerships and high-quality investments that contribute to enhancing quality of life and improving environmental sustainability … Read more

Video | Emad Al-Tayyar: Strategic Leasing Creates Real Estate Value... Pricing and Identity Are the Keys to a Project’s Success

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Imad Al-Tayyar

Reading time: 4 MinutesDuring his appearance on a podcast as part of the Arab Knowledge Lighthouse Initiative for Retail and Shopping Centers, alongside Mr. Hamza Khalid Bannat and Dr. Saleh Jamil Bobo, real estate expert Emad Al-Tayyar emphasized that the concept of real estate leasing is no longer limited to signing contracts and closing deals, but has become a strategic tool that contributes to maximizing the value of real estate assets, building project identity, and achieving investment sustainability. He explained … Read more

180 days before the mandatory technical certification for infrastructure contractors in the Riyadh region takes effect

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Reading time: < 1 MinuteThe Riyadh Region Infrastructure Projects Center announced that mandatory technical accreditation for infrastructure project contractors will soon be implemented, with 180 days remaining until the requirement takes effect on January 1, 2027, Only entities that have obtained technical accreditation from the Center will be permitted to carry out infrastructure projects in the Riyadh Region. This measure is part of … Read more

Implementation of the Decision to Increase the Saudization Rate in 46 Engineering Professions Begins

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Reading time: 2 MinutesThe Ministry of Human Resources and Social Development, in cooperation with the Ministry of Municipalities and Housing, announced the implementation of the decision to raise the Saudization rate to 30% in engineering professions in the private sector, effective as of yesterday, June 30, 2026, This applies to establishments with five or more employees in the professions covered, in accordance with the definitions and job titles approved in the Saudi Standard Classification of Occupations. Saudization 46 … Read more

Infographic | More than 51,000 Saudi families moved into their first homes within 5 months

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Reading time: 2 MinutesThe Ministry of Municipalities and Housing announced that 51,072 Saudi families moved into their first homes from the beginning of 2026 through the end of May, as part of its ongoing efforts to enable Saudi families to own suitable housing, and to provide diverse housing and financing solutions to eligible families across the Kingdom. Housing Support Services: The Ministry clarified that the total number of families benefiting from housing support services during the period … Read more

The Public Investment Fund's real estate portfolio is expected to exceed 300 billion riyals by 2025

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Public Investment Fund Profits - Investment - Investment Opportunities

Reading time: 3 MinutesThe Public Investment Fund’s consolidated financial statements showed that the book value of investment properties rose to 80.49 billion riyals by the end of 2025, compared to 65.47 billion riyals in 2024, marking an annual growth rate of 23%.The portfolio is divided between land valued at 29.77 billion riyals, buildings valued at 33.97 billion riyals, and real estate projects under development valued at 16.75 billion riyals, … Read more

The Jazan Municipality Issued 232 Building Permits Under the Urban ID Program Last Month

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Reading time: < 1 MinuteThis June, the Jazan Regional Secretariat issued (232) building permits in accordance with the requirements of the Saudi Urban Identity, as part of its strategic efforts to promote the implementation of the Urban Identity and to establish an architectural style inspired by the region’s environmental and cultural characteristics. This step reflects the Secretariat’s commitment to establishing an urban identity, highlighting local distinctiveness in architectural designs and facades, and striking a balance between the authenticity of the urban heritage … Read more

Launch of a New Phase of the Developed Neighborhoods Program in Makkah

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Reading time: < 1 MinuteThe Royal Commission for Makkah City and the Holy Sites has launched a new phase of the Developed Neighborhoods Program. According to Al-Ikhbariya, the new phase includes the development of seven sites in Makkah covering an area of more than 4.4 million square meters, with investments totaling approximately 16.3 billion riyals.The projects are being implemented through development partnerships involving a number of national companies, and the sites include: South Jarham – Al-Hajlah – … Read more

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