Latest news with #AhmedAl-Faqih
Saudi Gazette
01-05-2025
- Business
- Saudi Gazette
Introducing Bayut Workshops: Helping you pave the way
Bayut, being a pioneer in the real estate industry, has expanded its operations across the region since its launch in the UAE in 2008. In early 2024, Bayut launched in Saudi Arabia, with a massive impact on the market and providing its customers with an elevated home searching experience. has reached 13 millions visits on its platforms in its year in Saudi Arabia. Having made a difference in the customer's experience, has launched Bayut Workshops here in KSA, with the aim of helping real estate agents learn more about the industry and transform their experience. What is Bayut Workshops? Bayut Workshops was launched in the UAE in 2017 as an in-house training program for real estate agents of all levels of expertise. It offers informative courses for up to 40 agents per course, helping them advance their skills and knowledge of the field, as well as offers a fantastic networking opportunity for the agents. Now, Bayut Workshops is the go-to place for all real estate agents in KSA, having developed a solid reputation amongst real estate professionals. Bayut Workshops's Launch in KSA has made the move to launch Bayut Workshops in 2025. It's a transformative initiative brought to help agents, big in the field or just starting out, truly stand out and help foster network-building connections. We were honoured to have Ahmed Al-Faqih, Mohammed Al-Waseet, Youssef Al-Dossari, Asma Alolayin and Luluah Alamar as some of our first trainers. With many years of real estate experience, their knowledge of the industry and teaching skills were the perfect starting point for Bayut Workshops in KSA. What will Agents get out of Bayut Workshops? It's a one-of-a-kind program in KSA that will provide agents with all the information and insider tips that they will need to excel in their careers. Attending Bayut Workshops different courses, the agents will further build their skills, from phone skills to closing techniques, in order to benefit both, them and their clients. There are beginner courses, as well as more advanced courses available for all agents to take part in. At the end of every course, agents will receive a certificate attesting to their completion of a Bayut Workshops course, which will be a great addition to both their learning curve, along with their resumes. FAQs Who can attend Bayut Workshops? Agents with all levels of expertise can attend the Bayut Workshop courses! How can you register to Bayut Workshops? Real estate agent. And all they have to do is visit the Bayut Workshops page ( and book any of the available courses. When will the Next Bayut Workshop Take Place? We've five workshops available in May. Visit to book your seat now.
Asharq Al-Awsat
28-01-2025
- Business
- Asharq Al-Awsat
Foreign Investment in Makkah, Madinah Real Estate Company Shares Boosts Capital Inflows
Real estate experts have welcomed Saudi Arabia's decision to allow foreign investment in real estate companies in the Makkah and Madinah regions. They said it will attract more foreign capital, speed up major projects, and support development in these cities. The Saudi Capital Market Authority (CMA) said in a statement that this move aims to stimulate investment, enhance the attractiveness and efficiency of the capital market, and strengthen its regional and international competitiveness while supporting the local economy. 'This includes attracting foreign capital and providing the necessary liquidity for current and future projects in Makkah and Madinah through the investment products available in the Saudi market, positioning it as a key funding source for these distinctive developmental projects,' the statement added. The CMA decision follows the approval of the controls for the exclusion of companies listed in the Saudi Stock Exchange (Tadawul) from the meaning of the phrase (Non-Saudi) in accordance with the Law of Real Estate Ownership and Investment by Non-Saudis. The CMA said that as per the decision, foreign investment in these companies would be limited to shares of these Saudi companies listed on the capital market, as well as to convertible debt instruments, or both. However, people without Saudi nationality would not be allowed to own more than 49% of shares of the companies involved. Strategic foreign investors, who are not permitted to own shares or convertible debt instruments in these companies, would be exempted from owning shares of these companies. The new rules allow non-Saudi investors to benefit from the economic advantages of existing and future projects without violating the relevant laws, regulations, and instructions, particularly the Law of Real Estate Ownership and Investment by Non-Saudis, whether during the companies' operations or liquidation. At the same time, CMA grants Saudi listed companies the right to acquire ownership, easement, or usufruct rights over properties allocated for their headquarters or branch offices within Makkah and Madinah. This is contingent upon the property being fully utilized for this purpose and in accordance with the Exclusion Controls exemption regulations under the Law of Real Estate Ownership and Investment by Non-Saudis. Real estate expert Ahmed Al-Faqih told Asharq Al-Awsat that the decision will benefit the overall Saudi real estate market, especially in Makkah and Madinah. It will attract more foreign investment, supporting Saudi Vision 2030's goals of boosting investments and reducing reliance on oil. Al-Faqih expects the market to react positively, with more investors coming in. The decision's impact will go beyond buying and selling properties to include changes in regulations and market innovations. 'We'll see more capital flowing into the market, and development projects will transform the two cities into major construction hubs in the next five years, especially with their ongoing religious tourism during Hajj and Umrah,' said Al-Faqih. He added that the decision targets Muslims worldwide who want to invest in the holy cities, as well as other investors. 'This long-awaited move is a sign that Saudi Arabia is close to allowing foreign investment in its real estate sector,' he noted.
