Jeddah Cityscape Jeddah 5102, which was held on 61 Jumada II for 3 days at the Jeddah Center for Forums and Events, concluded last week. With the participation of more than 05 exhibitors from inside and outside the Kingdom<\/p>\n
Partnerships with \u201cHousing\u201d<\/b><\/span><\/p>\n Ewan Global Housing, the founding sponsor, announced that it has entered into a strategic partnership with the Ministry of Housing, through which it contributed to qualifying developers for the huge housing project that the Ministry of Housing recently launched and intends to develop in the north of Jeddah, while part of the project development contract has been awarded to the company.<\/p>\n North Jeddah Housing Project<\/b><\/span><\/p>\n The new project, which will be located south of King Abdullah Sports City, will include 4,200 housing units and is expected to be delivered within two years. Within a month, the design will be approved and marketed to the 100,000 beneficiaries previously approved by the ministry, some of whom will be nominated to benefit from the developed units.<\/p>\n Ministry of Commerce<\/b><\/span><\/p>\n The Ministry of Commerce, through its pavilion at the exhibition, reviewed the off-plan sales program and introduced the projects supervised by the ministry, which exceeded 17 thousand real estate units in various regions of the Kingdom, valued at about 20 billion riyals, in addition to knowing the necessary procedures for off-plan sales licenses for raw lands and foreign real estate marketing licenses.<\/p>\n Infrastructure Dialogue Session<\/b><\/span><\/p>\n Dr. Abdul Kader Amir, General Manager of Shamayel, acknowledged in the second day's dialogue session that it may be impossible to do real estate development, especially residential development, without infrastructure, or at least having it in place. The panelists agreed on the importance of defining what infrastructure is so that developers can estimate its impact on the price of the project before starting the implementation phase. They pointed out that public-private partnerships should be developed to share the burden of infrastructure development, from water and electricity to public transportation, medical facilities, schools, and other vital and key facilities that any real estate project needs.<\/p>\n Neil Tobin, COO of SEDCO Development, said that estimating infrastructure costs is relatively easy when the project is within the city of Jeddah, but becomes increasingly difficult to impossible the further outside of Jeddah you go, especially for mega projects that are currently being developed on the outskirts of the city, until the project is already in full swing.<\/p>\n Large presence of banks<\/b><\/span><\/p>\n Opportunities include competitive financing offers from Saudi banks for visitors to the Kingdom's premier real estate event.<\/p>\n Al Jazeera Bank <\/b><\/span><\/p>\n As part of its participation in the exhibition, Bank Al Jazira has allocated ideal and distinctive offers in specialized mortgage programs that vary to meet the financing needs of all segments under easy terms, based on the bank's keenness to provide the best Sharia-compliant financing services to its customers, and to meet the needs of the community, the top priority of which is owning a suitable home. This is in addition to three prizes worth thirty thousand riyals each, consisting of\u00a0 <\/span>for a coupon from AD Design.<\/p>\n National Bank <\/b><\/span><\/p>\n Al Ahli Bank offered several exceptional and unique financing solutions designed to suit all customers' needs in accordance with the provisions of the Islamic Shari'ah. Among the most prominent offers offered by the bank are instant approval with a competitive profit margin, in addition to other solutions and a full explanation to its customers about real estate financing.<\/p>\n Al Rajhi Bank <\/b><\/span><\/p>\n Al Rajhi Bank offered its customers several options to obtain suitable financing according to the customer's need and financial solvency, such as financing against the mortgage of the property owned by the customer either depending on the salary transferred to the bank or depending on the income of the property as a source of repayment, financing to buy an investment property with a commercial return without requiring salary transfer, life insurance coverage for mortgage customers, personal and mortgage financing at the same time, additional financing for Real Estate Development Fund customers in all cities of the Kingdom, and financing to buy residential real estate units (lands\/villas\/apartments).<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>\u0627\u062e\u062a\u062a\u0645\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0627\u0636\u064a \u0641\u0639\u0627\u0644\u064a\u0627\u062a \u0645\u0639\u0631\u0636 \u062c\u062f\u0629 \u0644\u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0645\u062f\u0646 \u0648\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0639\u0642\u0627\u0631\u064a (\u0633\u064a\u062a\u064a \u0633\u0643\u064a\u0628 \u062c\u062f\u0629 5102) \u0627\u0644\u0630\u064a \u0623\u0642\u064a\u0645 \u064a\u0648\u0645 61 \u062c\u0645\u0627\u062f\u0649 \u0627\u0644\u0622\u062e\u0631 \u0627\u0644\u062c\u0627\u0631\u064a \u0639\u0644\u0649 \u0645\u062f\u0649 3 \u0623\u064a\u0627\u0645 \u0641\u064a \u0645\u0631\u0643\u0632 \u062c\u062f\u0629 \u0644\u0644\u0645\u0646\u062a\u062f\u064a\u0627\u062a \u0648\u0627\u0644\u0641\u0639\u0627\u0644\u064a\u0627\u062a. \u0648\u0630\u0644\u0643 \u0628\u0645\u0634\u0627\u0631\u0643\u0629 \u0623\u0643\u062b\u0631 \u0645\u0646 05 \u062c\u0647\u0629 \u0639\u0627\u0631\u0636\u0629 \u0645\u0646 \u062f\u0627\u062e\u0644 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0648\u062e\u0627\u0631\u062c\u0647\u0627 \u0634\u0631\u0627\u0643\u0627\u062a \u0645\u0639 \u201c\u0627\u0644\u0625\u0633\u0643\u0627\u0646\u201d \u0648\u0642\u062f \u0634\u0647\u062f \u0627\u0644\u0645\u0639\u0631\u0636 \u0625\u0639\u0644\u0627\u0646 \u0634\u0631\u0643\u0629 \u0625\u064a\u0648\u0627\u0646 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u0644\u0644\u0625\u0633\u0643\u0627\u0646\u060c \u0627\u0644\u0631\u0627\u0639\u064a \u0627\u0644\u0645\u0624\u0633\u0633 \u0639\u0646 … Read 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