{"id":32032,"date":"2021-08-12T12:38:33","date_gmt":"2021-08-12T09:38:33","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=32032"},"modified":"2021-08-12T12:38:33","modified_gmt":"2021-08-12T09:38:33","slug":"%d8%a5%d8%aa%d9%85%d8%a7%d9%85-%d9%85%d8%b0%d9%83%d8%b1%d8%aa%d8%a7-%d8%aa%d9%81%d8%a7%d9%87%d9%85-%d9%84%d8%aa%d9%82%d8%af%d9%8a%d9%85-%d8%ae%d8%af%d9%85%d8%a7%d8%aa-%d9%85%d8%a7%d9%84%d9%8a","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/32032\/","title":{"rendered":"\u201cTwo memorandums of understanding to provide financial and electronic services to real estate developers"},"content":{"rendered":"

The Real Estate Developers Services Center \u201cEtam\u201d announced the signing of memorandums of understanding with Riyadh Bank and Baiyan Credit Information Company to provide a number of electronic services and financial analyses to facilitate the work of real estate developers through the \u201cEtam\u201d platform, as part of the center\u2019s efforts to facilitate real estate development procedures to contribute to the development of the sector and increase its contribution to the national output, in the presence of His Excellency the Deputy Minister of Municipal Affairs, Rural Affairs and Housing, Engineer Abdullah bin Mohammed Al Bader.\u00a0<\/p>\n\n\n\n

Special services for real estate developers<\/span><\/h2>\n\n\n\n

The agreement was signed by Engineer Abdul Wahab Bin Masfer Al-Qahtani, General Manager of the \u201cEttam\u201d Center for Real Estate Developers Services, by Riyadh Bank\u2019s First President of Corporate Banking, Mohammed Bin Abdulaziz Abu Nja\u2019a, and by the \u201cBeian\u201d Credit Information Company\u2019s General Manager of Information Technology, Engineer Mohammed Bin Faisal Bamadiq; as part of the center\u2019s efforts to achieve the goals of the Housing Program \u2013 one of the programs of the Kingdom Vision 2030 \u2013 to increase the percentage of Saudi households owning housing to 70% by 2030.<\/p>\n\n\n\n

The memorandum of understanding with Bank Al-Rajhi aims to strengthen the means of cooperation between the parties to provide electronic services through the \u201cEtam\u201d platform to enable real estate developers to open a guarantee account for sales projects on the map, apply for financing for licensed projects, and provide data on sales projects on the map to facilitate financing for individuals from Bank Al-Rajhi\u2019s customers.<\/p>\n\n\n\n

While the memorandum of understanding with Baiyan Credit Information Company aims to enhance the field of financial consulting and analysis for the real estate development sector, as well as to exchange experiences and information, and to share studies and statistics related to the real estate development sector.<\/p>\n\n\n\n

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Overcoming obstacles for the real estate developer<\/span><\/strong><\/h2>\n\n\n\n

The Director General of the Real Estate Developers Services Center \u201cEtam\u201d Engineer Abdul Wahab Bin Masfer Al-Qahtani explained that the signing of the memorandums of understanding with Al-Rajhi Bank and Baiyan Credit Information Company comes as a continuation of the center\u2019s efforts to improve services and overcome obstacles for real estate developers, and as a confirmation of \u201cEtam\u2019s\u201d role in facilitating the establishment of real estate projects in the Kingdom and creating an attractive environment for investments in the real estate sector from within and outside the Kingdom to increase the supply of residential units and facilitate Saudi families\u2019 access to suitable housing.<\/p>\n\n\n\n

Al-Qahtani pointed out that the two memoranda will contribute to improving the efficiency of services and accelerating the pace of work on residential projects, facilitating the provision of \u201ccompletion\u201d services to real estate developers through its electronic platform, and adding joint electronic and advisory services with Riyadh Bank and Baiyan Credit Information Company to serve the real estate development sector and contribute to the development of the parties\u2019 business through the provision of information exchange services and joint cooperation between the two parties.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Real Estate Developers Services Center \u201cEtam\u201d announced that it has signed two memoranda of understanding with Riyad Bank and Bayan Credit Information Company with the aim of providing a range of electronic services and financial analyses to facilitate the operations of real estate developers through the \u201cEtam\u201d platform, as part of the center\u2019s ongoing efforts to streamline real estate development procedures, thereby contributing to the sector\u2019s growth and increasing its share of GDP. The signing took place in the presence of His Excellency the Deputy Minister \u2026 Read more<\/a><\/p>","protected":false},"author":11,"featured_media":32033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":""\u0625\u062a\u0645\u0627\u0645" ... \u0645\u0630\u0643\u0631\u062a\u0627 \u062a\u0641\u0627\u0647\u0645 \u0644\u062a\u0642\u062f\u064a\u0645 \u062e\u062f\u0645\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u0648\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 \u0644\u0644\u0645\u0637\u0648\u0631\u064a\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u064a\u0646","_seopress_titles_desc":"%%sitename%% %%title%% 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