Ministry signs deal to develop real estate market in Saudi Arabia

The bank will provide financial support of up to SR300,000 ($80,000) to real estate projects nominated by the ministry. (SPA)
Updated 27 March 2019
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Ministry signs deal to develop real estate market in Saudi Arabia

  • The bank will provide financial support of up to SR300,000 ($80,000) to real estate projects nominated by the ministry

RIYADH: The Ministry of Housing has signed an agreement with the Social Development Bank to finance entrepreneurs who want to work in real estate brokerage.
Under the terms of the agreement, the bank will provide products to small enterprises to help them take advantage of opportunities in the property sector. The agreement was signed by Mazen Bin Mohamed Daood, superintendent of real estate planning at the ministry, and Saeed Bin Saleh Al-Zahrani, assistant general manager of the microfinance sector at the Social Development Bank.
As per the agreement, the bank will provide financial support of up to SR300,000 ($80,000) to real estate projects nominated by the ministry, in addition to training people to run real estate brokerage facilities.


Saudi pilot Yasmeen Al-Maimani’s 1st flight celebrated

Hail International Airport and Nesma Airlines celebrated the first official flight of Saudi pilot Capt. Yasmeen Al-Maimani. (GACA)
Updated 25 June 2019
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Saudi pilot Yasmeen Al-Maimani’s 1st flight celebrated

  • Yasmeen Al-Maimani has a commercial pilot’s license (CPL) from the US

RIYADH: The Saudi General Authority of Civil Aviation (GACA), represented by the management of Hail International Airport and Nesma Airlines, celebrated the first official flight of Saudi pilot Capt. Yasmeen Al-Maimani, 29, on Sunday.
Al-Maimani made her first official flight between Hail International Airport and Prince Nayef bin Abdul Aziz International Airport in Qassim, becoming the first Saudi woman to fly a commercial aircraft as a co-pilot with Nesma Airlines.
She received the opportunity after the airline advertised vacant positions for co-pilots on its New Pilots Program — 11 were accepted, including Al-Maimani, who has a commercial pilot’s license (CPL) from the US.
Following their acceptance into the program, the pilots underwent a four-stage training regimen at Prince Sultan Aviation Academy in Jeddah, including practice on multi-engine planes with multiple crews.
Ground training using an ATR 72-600 aircraft at Nesma Airlines’ training center in Hail followed, before progressing to simulators in Jakarta and Madrid.