Property

Saudi Arabia’s residential property prices remain resilient despite softening transactions figures in the third quarter of the year. In the year to Q3 2023, the total number of residential transactions totaled 61,473, equating to a total value of SAR45.9 billion ($12.2 billion), according to leading real estate specialist CBRE. In the year to Q3 2023, the total number of residential …

LIV Golf announced that it has moved its season-ending championship from Saudi Arabia to the United States. Originally scheduled for the first week of November in Jeddah, LIV Golf’s $50 million championship will now be played in late October outside of Miami at Trump Doral, which hosted the inaugural LIV Golf team championship last season. The Jeddah event will remain …

Sam Jamsheedi and Faisal Bouzo: The driving forces behind Saudi-Australian trade relations In the evolving landscape of Saudi-Australian trade relations, Sam Jamsheedi has emerged as a pivotal figure in fostering stronger economic ties between the two nations. Jamsheedi, Founder of Trademark Group — a community of businesses sharing investment opportunities, ideas, and relationships for those looking to expand abroad. Trademark …

RIYADH: The beauty of Saudi Arabia’s landscape and architecture has captivated Russian artist Julia Budnik, whose artistic creations depict the region in striking vignettes in posters and prints. In 2019, Budnik developed an increasing fascination with Saudi Arabian architecture after learning about it while working on a Diriyah Season project. She said: “As I delved into research, I discovered the …

RIYADH: Saudi exports are expected to gain momentum with a 12 percent increase in certificates of origin issued in October, indicating that more businesses will now contribute to international trade.  According to the Ministry of Industry and Mineral Resources, it processed 38,988 certificates of origin in October compared to 34,745 recorded in September.  The CO certifies that the products exported abroad …

MAKKAH: The Ministry of Justice’s recent announcement licensing 15 foreign law firms and reviewing 15 other applications for practicing law in the Kingdom has paved the way for a broad legal practice to ensure justice and uphold high standards. The decisions follow an influx of international companies seeking to establish their headquarters in Saudi Arabia. The ministry explained that licenses …

Property technology can drive Saudi economic growth through the roof One of the active sandboxes is at the Saudi Central Bank, also known as SAMA. (Supplied) Amid the dunes and soaring skylines of Saudi Arabia, a digital renaissance is underway — a transformation that is reshaping property and facility management and propelling the nation’s economy into a new era of …

RIYADH: The 7th edition of the Future Investment Initiative summit is set to unite 5,000 delegates and offer insights from 500 distinguished speakers across a spectrum of critical sectors. To be held under the theme “The New Compass,” the event will be held in Riyadh from Oct. 24 to Oct. 26. The FII Institute is a worldwide nonprofit organization with …