Amlak's editor-in-chief writes: National Day 88 ... Continued Glory

Abdulaziz Al-Issa: Real Estate Finance

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It is with great pride that our issue for this week goes out on Sunday, September 23, in anticipation of the «National Day» of our beloved Kingdom, 88 years after its unification by the founder King Abdulaziz bin Abdulrahman Al Saud - may God have mercy on him - and his loyal men, This beloved anniversary passes and our kingdom is reaping the benefits of the wise leadership that adopts plans that ensure the comfort and well-being of the citizen through the huge development and economic projects that began since the era of the founding king - may God have mercy on him - through his loyal sons, and ending with the leader of the march, King Salman bin Abdulaziz and his Crown Prince Mohammed bin Salman bin Abdulaziz - may God protect them and grant them the advancement and prosperity of our beloved kingdom to be the compass of the world and the engine of the restless economy.

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The real estate sector, as it celebrates the anniversary of this glorious day, is reaping the fruits of the leadership's interest in its affairs and its various legislations, and the new systems approved by the competent authorities such as the »Completion« center, »Ejar« program, »Wafi«, various real estate bodies and other windows that benefit the sector and real estate professionals in saving effort and time in completing their work, For example, the state paid attention to low-income groups, allocating them specific percentages in the priorities of owning suitable housing in the products of the Ministry of Housing, in addition to the state bearing the value-added tax for real estate whose price is less than 850 thousand riyals, and the transformation of the Kingdom's property department into a public body under the name »General Authority for State Properties", and the establishment of the General Authority for Real Estate is a gain and confidence for the status of real estate, which is a gain and confidence in the status of real estate.

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Today we celebrate the 88th anniversary of our Kingdom and economic and development projects such as Qiddiya and NEOM, which began to step towards their first stages to awaken the world from its surprise while seeing a dream to give the Kingdom its natural and leading position at the forefront of digital countries that harness science and technology for the good of the citizen and humanity, which was reflected in the computerization of many government service sectors so that citizens and businessmen can review these departments from their offices or homes through their smart devices.

The transformation of the Kingdom's property department into a public agency with the name "the General Directorate of State Properties", and the establishment of the General Directorate of Real Estate, which is a gain and confidence in the position of the property.

And in the midst of our celebration and our overwhelming joy, the good news of the Kingdom's Vision 2030 comes to us as it establishes the future man and paves the way for him to launch his challenges and ideas to raise the level of productivity of the public and private sectors, and strive to employ Saudi youth and rationalize recruitment and reduce foreign labor.

We ask God Almighty to grant success and success to our rulers as they exert every precious resource for a nation that we are proud of and proud of with real development on the one hand.