We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Makkah mayor debuts real estate price index

The property price index will provide real estate price data for Makkah, as well as other cities in the KSA, and neighboring countries.


May 25, 2010 9:54 by

The index will give information on property prices not only in Makkah, but also in other cities in the Kingdom and neighboring countries.

It will also display the volume of trade conducted by various companies participating in the second Makkah Exhibition for Real Estate, Construction and Investment, where the index was launched.

In his inaugural speech, Al-Barr praised the economic strength of Makkah.

“The economic strength of Makkah has not been affected by the crisis that hit the world in recent times. On the other hand, the crisis in other places proved that Makkah is on the right road to becoming one of the most advanced cities in the world as envisaged by Makkah Gov. Prince Khaled Al-Faisal,” he said.

He pointed out that the completion of the Holy Sites Railway project would make Makkah the first Saudi city to use railway for inner-city public transport.

He added that since Makkah was attractive to investors, the volume of investments in the city was expected to grow at a rapid pace, bringing in greater progress.

He said the municipality was working hard for the city’s ongoing urban development with the budget allocated by the Ministry of Municipal and Rural Affairs.

Al-Barr added that the city obviously needed more attention because it was the center for all Muslims worldwide, attracting more than 10 million visitors annually.

The tunnel and underpass projects in the city required SR20 billion of funding, he said.

He added that the private sector had a major role to play in the development of Makkah.

Al-Barr hoped that projects for underdeveloped districts launched earlier in the year would attract SR100 billion in investment over the next six years, he said.

It was announced that the municipality’s investment arm Al-Balad Al-Amin Co. would start a low cost housing project. Ten large Saudi companies have been selected to compete for contracts to be finalized in July, Al-Barr added.

During the first phase of the project, known as Umm Al-Joudah, 5,000 residential units will be constructed, he said.



Tags: , , , , , , ,

Leave a Comment