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Diamond Quality Contracting: A vibrant and rejuvenated contracting maintenance department

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Mr. Ayad Kamal, General Manager of Diamond Quality Contracting Company, confirmed that thanks to God, Diamond Quality Contracting Company was launched from the Riyadh region to work in the field of contracting from the management, operation and maintenance of all contracting works, relying on its long experience and an advanced organizational mechanism and planning based on a specialized organizational structure supported by a professional team of highly qualified academic staff from major universities in the world, in addition to a team of skilled technicians. A special department for the maintenance of contracting works and following up on their implementation over a 24-hour period  The company has long experience in this field through modern technologies  that use raw materials and artistic techniques. .

Ayad added that our excellence is due to God's favor and commitment to the delivery dates of the projects according to the concluded contracts, the scientific and practical efficiency of the workers and maintaining their safety, as well as quality control and the use of the latest engineering and technical means in the implementation of projects. .

Ayad noted the material and human resources and reputation  with which it has won the trust of many customers, which qualifies it to implement the largest projects in the Saudi market.

In conclusion, Mr. Ayad Kamal valued that the support of the government of the Custodian of the Two Holy Mosques led by King Salman bin Abdulaziz - may God protect him - for companies and institutions has given them a strong impetus to diversify their services and prove their efficiency in many projects, which heralds more development and developmental renaissance for the Kingdom. .

“Etqan Real Estate turns its investment compass to the East

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Despite the natural shifts in the real estate market, the  As usual, the market is not without its customers and visitors, including individuals who have the opportunity to realize the dream of a lifetime by acquiring land or building a house, or from traders, construction companies and real estate companies that are not absent from it, as it is their field and the source of their wealth. The market also does not lack investors who seek to grow or save their money in real estate, which is known to many as the righteous son.

East Riyadh Plans

Itqan Real Estate Company has turned its investment compass towards the east, specifically towards the latest plans east of Riyadh, to offer real estate investment companies, investors of buildings and villas, and housing seekers special offers at competitive prices to own plots, residential and commercial lands in Al Maali plan, located south of Dammam Highway and Janadriyah Road. It is characterized by easy accessibility through several main roads, and its privileged location allows easy access to a number of vital sites such as Imam and Princess Nora Universities, King Khalid International Airport, and King Abdulaziz Medical City. The availability of services and infrastructure in Al Maali makes it more attractive to those who want to own property not only from within the Kingdom, but also to our neighbors and brothers from the Arab Gulf countries.

Confidence boosts the future of real estate

The feeling of confidence and security increases with the enjoyment of plans and lands with basic services that push real estate market visitors, individuals and companies, to take the initiative to take the decision to own lands, or even residential and commercial blocks, without considering what is raised here or there about the future and reality of real estate, depending on its history and reassuring performance over generations.

Variety of spaces

The variety of spaces and locations makes the range of options wide, and the possibility of installment payments through banks has attracted a segment of individuals who plan for a secure future, especially since securing housing is one of the most important life necessities.

The Saudi Travel and Tourism Investment Forum is a platform to showcase investments and initiatives

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This year's Saudi Travel and Tourism Investment Forum, organized by the Saudi Commission for Tourism and Antiquities from March 29 to April 3, was distinguished by an intensive scientific program that included conferences and specialized morning events held separately from the exhibition, where 12 scientific sessions and forums were held in the Buraida Hall at the InterContinental Hotel in Riyadh, while the Riyadh International Exhibition Center witnessed the Saudi Travel and Tourism Investment Exhibition, scientific and training lectures and workshops.

 26 lectures and workshops

Through the various events, 26 scientific and training lectures and workshops were organized on the sidelines of the exhibition, during which the different experiences of countries and entities represented in the travel, tourism and hotel investment sides were presented. The workshops touched on the use of modern technologies to develop tourism services and the surrounding environments, and the need to activate modern media and social networking sites to increase sales and communicate with customers.

The event will conclude on Friday with a workshop on social media in tourism and another workshop on the experiences of managing local e-booking websites in the Kingdom.

The workshops aimed at presenting new investment opportunities in the fields of tourism development, in addition to encouraging and stimulating new investment initiatives, and highlighting the Kingdom's abundant potential and investment opportunities in the tourism fields.

The events included: Tourism Investment and Finance, Business Tourism, Antiquities and Museums, Investment in Urban Heritage, Investment in the Tourism Entertainment Industry in Saudi Arabia, National Tourism Human Resources, and Specialized Tourism Accommodation.

460,000 tourism jobs

In the session “National Tourism Resources: Challenges and Aspirations,” Dr. Abdulkarim Al-Nujaidi, Deputy Executive Director of the Human Resources Development Fund, stressed the Fund's endeavor to localize jobs in the tourism sector, noting that the sector currently provides about 1,17,000 direct and indirect jobs, and that the demand in the next five years will reach 460,000 direct and indirect jobs. This is according to the executive strategy of the job localization program, which aims to provide skills and talents to create distinctive jobs in this sector.

Attracting global operators

Dr. Mohammed Al-Majed, Chief Operating Officer of the Technical and Vocational Training Corporation's Excellence Colleges, explained that the tourism and hospitality sector in the Kingdom suffers from the lack of national cadres in this sector, indicating that to remedy this, work has been done to attract international operators and provide them with opportunities to communicate with the labor market directly and prepare appropriate programs, as well as improve existing colleges with linking technical and vocational training outputs to match the outputs of international standards.

He pointed out that they have a plan in 2018 to reach 250,000 training seats in tourism, indicating that in terms of supporting the tourism and hospitality sector, the College of Tourism and Hospitality was opened as a technical college, then the system of excellence colleges was launched in Riyadh, and the Ministry of Finance approved the establishment of 3 new colleges of tourism and hospitality whose projects will be completed after four years in Najran, Khamis Mushait and Al-Ahsa.

Meccan participation and Hijazi songs 

The Tourism Development Council in Makkah participated in a pavilion that attracted the attention and approval of visitors, including the Egyptian Minister of Tourism and Antiquities Zahi Al Hawass, who toured the corridors of the pavilion and received a detailed explanation from the Director General of the General Authority for Tourism and Antiquities in the Makkah region, Mr. Mohammed Abdullah Al Omari. This year's participation included linking the past with the present through the Makkah Alley, tourist accommodation destinations from five-star hotels, and real estate developers. In addition to the participation of productive families, the pavilion included many partnerships with a Meccan character, the game of oboe and others, and visitors greatly enjoyed the Hijazi songs that ignited the atmosphere with joy, which was presented by Wahib Bassamad, around which the visitors gathered, and the hospitality included Zamzam water, which is one of the most prominent Meccan symbols.

New policies, conditions and incentives for setting up consumer goods fairs

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The Supervisory Committee of the National Program for Exhibitions and Conferences has directed to facilitate procedures for organizers of consumer goods exhibitions, and work to raise their capabilities, develop their performance and follow-up. The number of consumer goods exhibitions that will be organized annually is expected to grow to more than 150 exhibitions.

In this direction, the National Program for Exhibitions and Conferences organized a workshop in Riyadh to introduce the policies and procedures for holding consumer goods exhibitions approved by the supervisory committee of the program, headed by HRH Prince Sultan bin Salman, Chairman of the General Authority for Tourism and Antiquities and Chairman of the Supervisory Committee of the National Program for Exhibitions and Conferences.

A golden opportunity for investment

The Executive Director of the program, Engineer Tariq Al-Eisa, confirmed that the new policies and procedures for consumer goods exhibitions are a golden opportunity and a great incentive for investors to enter the exhibition sector, in addition to increasing the benefits that existing investors will reap, and creating thousands of new job opportunities for citizens. This type of exhibitions will also contribute to revitalizing local tourism and marketing promising regions in the Kingdom, and will lead to added value by opening new markets and job opportunities for an important segment of society by allocating 5% of the exhibition space to be given free of charge to productive families and artisans.

Effective ways to publicize national products

All policies and procedures governing consumer goods exhibitions were fully reviewed, defined and discussed with investors, businessmen and a large number of managers and officials of institutions and companies organizing consumer goods exhibitions.

In addition to discussing the opportunities and challenges that will face investors in establishing this type of exhibitions. The workshop, which was attended by a large number of managers and officials of institutions and companies organizing consumer goods exhibitions, Al-Eissa explained that consumer goods exhibitions are one of the types of exhibitions that the National Program works to organize and develop as one of the effective means of introducing national products and a tributary of the growth of tourism and the national economy, noting that the new policies and procedures for consumer goods exhibitions came after reviewing international experiences and practices and after an extensive study in which all participants participated.

Policies, Terms and Conditions

According to the new decision, which will replace the conditions and controls for holding shopping festivals, the policies for holding consumer goods exhibitions include a number of requirements, including:

The applicant must be one of the companies or institutions licensed to organize exhibitions.

The license application must be submitted at least 90 days prior to the exhibition.

The duration of the exhibition should not exceed (30) days.

The exhibition must be held only in exhibition halls, inside malls, halls inside hotels, and licensed social event halls.

It is allowed to hold the exhibition in a temporary facility in cities and governorates that do not have licensed exhibition halls, in compliance with all the specified controls and civil defense requirements.

The price per meter exceeded 3000 riyals ... ” Trade” sells 163 pieces for more than 417 million riyals

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Amid a large attendance of real estate professionals, investors and interested parties, the prices of the Hattin scheme auction organized by the Real Estate Contributions Committee at the Ministry of Commerce varied yesterday, as the price per meter in some plots exceeded the barrier of 3,000 riyals, refuting all speculations and expectations launched by real estate professionals that real estate prices would fall.

The auction opened with the sale of the first piece at a price of 2,000 riyals per meter, as prices escalated, due to the desire of investors to buy fully serviced lands. Through the auction, multiple deals were made in which the average price per meter was about 2500 riyals, and a residential commercial block with an area of 8000 was sold at 3300 riyals per meter, and the most expensive residential plot was sold at 2920 riyals per meter.

It is worth mentioning that the Real Estate Contributions Committee at the Ministry of Commerce and Industry announced yesterday that it sold 163 plots of land in the Hattin scheme in Riyadh for more than 417 million riyals.

Yesterday, the Real Estate Contributions Committee offered (163) plots of land in the Hattin Plan contribution for sale by auction, located northwest of the city of Riyadh, on the site of the Hattin Model Plan along King Khalid Road (Sulbukh), north of the northern ring road, and south of Anas bin Malik Road.

The sizes of the plots vary to meet the desires of the real estate market segments, especially those wishing to build private housing, with areas ranging from 625 m2 to 2174 m2.

The plots offered in the auction are characterized by their very suitable nature and their centrality to the residential neighborhood of the plan, which is almost fully serviced, and in a residential area that is considered one of the most distinguished neighborhoods of the capital, Riyadh.

 

Emir of Mecca: Jeddah's public transportation project is a qualitative leap in the region, and we are on a date with civilization and sophistication

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A paradigm shift in the transportation system

Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah, said that the “Decisive Storm” recorded a new victory for the Saudi political and military policy and a point of positive transformation in all fields of life that the citizens of the Kingdom live under the reign of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him -.Al-Faisal added that the public transport project in Jeddah is one of a system of projects in both Mecca and Taif and stressed that the project will change the map and the transportation system in the Mecca region and these projects will be a turning point in cities to serve residents and visitors according to the best modern international standards, His Highness rejoiced Khalid.

This came during a ceremony marking the start of the public transportation project in Jeddah on Monday morning, which was held in honor of the Jeddah Metro Company signing the third contract for architectural designs with “Foster & Partners UK” worth 300 million riyals, in the presence of the Minister of Municipal and Rural Affairs, in exchange for designing all project stations and facilities, designing locomotives, buses and marine transportation modes inside and outside, and the contract includes the design of the distinctive identity of the project.

Project components

The Jeddah Transportation Project, which was approved by the Council of Ministers in 1434 Hijri, includes a number of components to be implemented according to a specific timetable, namely a light rail network within the city of Jeddah consisting of three main lines: the Orange Line, the Blue Line and the Green Line, in addition to the supporting bus network, the Corniche trolley line, maritime transport and the Holy Haramain train.

Signing planning and design contracts

The implementation of the project goes through several stages of planning and design, then the stages of awarding contracts and implementation, then the stages of experimentation and testing until the stages of operation and maintenance. In this direction, the Secretary of Jeddah Municipality, Dr. Hani bin Mohammed Abu Ras, confirmed the signing of the project management contract with AECOM Arabia to review all engineering and architectural designs, and the contract for preliminary engineering designs was signed with the French company Systra to prepare the engineering designs for all elements of the project. AECOM participated in the preparation of the strategy for the implementation of all elements of the public transport program and the mechanism for offering all its components, including construction contracts and consulting services contracts.

Specialized companies have a strong presence

During the ceremony, an explanation of the master plan of the public transport project in the governorate and the executive timetable for the workflow of all elements of the project, whether executive projects or consulting projects, was presented, and a group of companies specialized in manufacturing and supplying multiple means of transportation participated in the forum, along with a group of design and construction contractors, consultants and related companies from inside and outside the Kingdom.

 

Custodian of the Two Holy Mosques leaves for Sharm El Sheikh to participate in the 26th Arab Summit

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 The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud left Riyadh this morning for the Arab Republic of Egypt, where he will head the delegation of the Kingdom of Saudi Arabia to participate in the 26th Arab Summit Conference, which will be held, God willing, in Sharm El Sheikh.

His Highness Prince Faisal bin Mohammed bin Saud Al-Kabir, His Royal Highness Prince Mohammed bin Saad bin Abdulaziz, His Royal Highness Prince Muqrin bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister, His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, His Royal Highness Prince Saud bin Saad bin Abdulaziz, His Royal Highness Prince Abdullah bin Faisal bin Turki, HRH Prince Miteb bin Abdullah bin Abdulaziz, Minister of National Guard, HRH Prince Fahd bin Abdullah bin Musaed, and HRH Prince Yazeed bin Saa were present at the airport of Riyadh Air Base Also at the King's farewell were Their Excellencies ministers, senior commanders and officers of the Armed Forces, National Guard and Public Security, and a number of officials.

The official delegation accompanying the Custodian of the Two Holy Mosques includes His Royal Highness Prince Saud Al-Faisal, Minister of Foreign Affairs, HE Minister of State and Cabinet Member Dr. Musaed bin Mohammed Al-Aiban, and HE Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf.

Also departing with the Custodian of the Two Holy Mosques were His Excellency the Chief of Royal Protocol, Mr. Mohammed bin Abdulrahman Al-Tabishi, His Excellency the Deputy Chief of the Royal Court, Mr. Khalid bin Abdulrahman Al-Issa, His Excellency the Acting Chief of the Royal Guard, Lieutenant General Hamad bin Mohammed Al-Ohali, His Excellency the Head of Special Affairs of the Custodian of the Two Holy Mosques, Mr. Hazem bin Mustafa Zagzouq, and His Excellency the Assistant Private Secretary of the Custodian of the Two Holy Mosques, Mr. Tamim bin Abdulaziz Al Salem. May God protect the Custodian of the Two Holy Mosques in his travels and stay .

 

Real Estate Fund's second workshop offers six urgent solutions to address waiting lists

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Real Estate Development Fund

Engineer Yousef bin Abdullah Al-Zughaibi, Director General of the Real Estate Development Fund, presented during the second workshop an integrated package of solutions and programs previously announced, and Engineer Al-Zughaibi pointed out that these solutions and treatments took into account the balance between the supply and demand sides; so as not to lead to any inflation or issues in the real estate market, pointing out that it is preferable to apply all these solutions and offer them at once to absorb the large number of requests for loans, and revealed the Fund's design of a computer program that will soon be available on the website of the Real Estate Fund; giving a clear explanation of each program with the advantages and disadvantages of each protein

I: Collaborate with banking institutions in the following:

a) Loan Guarantee Program: So that the Real Estate Fund provides a guarantee to the borrower from the financing facility upon default of no more than 80 percent of the loan value.

ب) Accelerated Loan Program: It is offered to applicants to the Fund by one of the financing facilities, provided that the Real Estate Fund bears the cost of financing that it pays to that facility.

c) Down payment program in coordination with banks and real estate finance companies, to transfer the loan value as a down payment for the housing loan.

Second: Collaboration with employers (government agencies and companies)

This program aims to provide housing units for employees of governmental or private sectors that wish to do so, in cooperation between the Real Estate Fund, the developer, the entity, and the off-plan sales committee at the Ministry of Commerce.

Third: Cooperation with Charitable Organizations

This program aims to provide economic housing units for low-income people, on the lands of developers or philanthropists, provided they have a source of income, or resort to charitable associations or concerned government agencies to support the outstanding installments, in cooperation between the Real Estate Fund, the charitable entity (the donor), and the Off-plan Sale Committee at the Ministry of Commerce.

IV: Collaborate with real estate developers in:

1- Early home ownership: Applicants to the Real Estate Fund purchase a home from a developer, provided that the Fund guarantees the payment of loans to the developer after the approval of the loan.

2- Off-plan sales: To enable participants in this system to finance the construction of units for the borrower, an agreement will soon be concluded with the Off-plan Sales Committee at the Ministry of Commerce to activate the implementation.

V: Investment Loan for Individuals and Real Estate Developers provided that 30% of housing is built for citizens who are eligible for Real Estate Fund loans.

VI: Enacting new regulations. Of which:

- Releasing mortgaged units; it was approved at the last meeting of the Real Estate Fund Board.

- Giving a group of borrowers joint loans to build on the same land.

- Granting a loan to those who wish to build an additional structure such as a floor or an apartment or accessory..).

Engineer Al-Zughaibi recalled that the total number of applications on the Fund's waiting lists and those expected to be financial support products (500,000 riyals) amounts to more than one million citizens, all of whom urgently need treatment, practical solutions and innovative programs to enable them to own suitable housing in the shortest possible time, taking into account the following:

1- Taking into account that these new programs and regulations should not have an impact that leads to inflation and rising prices, which reduces the benefit of the loan amount.

2- To take into account the scarcity of land and its high prices, as well as the high prices of prefabricated buildings on the market.

3- Suitable for all segments of society who are on the waiting lists in terms of their financial capabilities and ability to pay.

4- To take advantage of the land stock of real estate developers and landowners.

5- Creating a partnership with the private sector (banks, developers, companies, financing, etc.) to contribute to providing practical, sustainable and long-term solutions for housing.

At Cityscape Abu Dhabi's flagship event Diversity and sustainability in Abu Dhabi's real estate market

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Cityscape Abu Dhabi will be held at the Abu Dhabi National Exhibition Center (ADNEC) from April 21-23, 2015. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the sixth edition of the show will bring together 130 exhibitors across 18,000 square meters.

Abu Dhabi Market Overview“

In collaboration with JLL and with the support of Masdar City, the Abu Dhabi Market Outlook forum will discuss the global workforce and its sustainability and continuity. The forum will focus on the latest trends and initiatives launched by the UAE in this area, while a specialized panel discussion will be held to discuss ways to support differentiation and its role in fostering the current market growth at a sustainable rate.

Burdened by low government spending

David Dudley, Regional Director and Head of JLL's Abu Dhabi office and one of the keynote speakers at the Abu Dhabi Market Insight Forum, revealed the recent performance of each real estate sector during the first quarter of 2015: “As the government continues to invest in major infrastructure and economic diversification projects worth more than several billion dollars, this will inevitably be reflected in the demand for real estate in each sector.

Dudley added: “However, we expect government spending to fall this year as a result of the recent drop in oil prices, which will generally slow annual demand growth. The projects that were initiated during the high oil prices are playing an important role in creating new jobs and growing housing demand, albeit at a slower pace. Based on the current shortage of affordable housing.

 City planners have more access to new technology

Anthony Mallows, Director of Masdar City, will highlight the cost-effectiveness of sustainability and the potential of cities like Masdar one of the keynote speakers at Abu Dhabi Market Insight, will highlight the cost-effectiveness of sustainability and the potential for cities like Masdar to elevate its community above others in Abu Dhabi and the UAE.

Mallows explained: “For too long, sustainable construction has been characterized by high costs, especially in the GCC region due to the lack of supply of sustainable and low-carbon building materials. In order to be as sustainable as possible, architects, developers, investors and city planners now have greater access to better resources, new technological advancements, support from ADPB and our green footprint. These steps are contributing to high-performance buildings such as the Siemens building in Masdar City, which is LEED Platinum certified; and the International Renewable Energy Agency's (IRENA) Four Pearls headquarters, the first office building in Abu Dhabi to receive the Four Pearls certification.’.

 Abu Dhabi Top Real Estate Markets

Talal Al Dhiabi, Head of Development Projects at Aldar Properties, and one of the keynote speakers at the forum, discussed why the UAE capital is an important center for global investment: “Abu Dhabi is an important market for local and international investors. The government's diversification strategy has been successful in creating a strong and stable investment environment.”.

“High-profile destinations such as Shams Abu Dhabi and Yas Island have put Abu Dhabi on the map and attracted significant international interest in the capital as one of the most important real estate markets. According to the Dubai Land Department, foreign investors accounted for nearly half of all real estate transactions in the UAE in 2014.’.

Al Dhiabi continued: “Abu Dhabi is developing into one of the world's leading new cities based on strong economic growth driven by non-oil sectors such as finance, education, tourism and healthcare. The rules of the real estate market have been successful in encouraging investment in this sector, given the confidence it gives investors in the government's ability to manage the sector in a prudent and safe manner.”.

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