This comes in accordance with the directives of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz. The agreements signed between the Ministry of Municipal and Rural Affairs, government agencies and service companies aim to enhance cooperation by enforcing the Royal Decree to approve private residential plans within (60) days, unifying efforts to accelerate urban development by speeding up the approval of residential plans, facilitating development procedures and establishing infrastructure for the plans, and achieving the principle of cooperation between government agencies and companies providing public services and joint coordination between them.
This agreement includes the agreement between the Ministry of Municipal and Rural Affairs, government agencies and service companies. The agreement signed between the Ministries of Municipal and Rural Affairs and Justice included the adoption of the governance model for property verification and proof of real estate identity, which includes a general verification path that includes rules, standards and controls for property verification, standards for proof of real estate identity and rules for its authenticity, and timelines for verifying real estate ownership at courts and notaries with an average of 16 working days and a maximum of 26 days.
The agreement signed between the Ministries of Municipal and Rural Affairs and Justice included the adoption of a governance model for property verification and proof of real estate identity, with an average of 16 working days and a maximum of 26 days. The agreement signed between the Ministries of Municipal and Rural Affairs and Housing stipulated the stage of handing over the amount of the cost of implementing the infrastructure of the plan, through steps and according to specific conditions and timelines through cooperation and coordination between the Ministries of Municipal and Rural Affairs and Housing.
The agreement stipulated the stage of handing over the amount of the cost of implementing the infrastructure of the plan. The agreement signed between the Ministry of Municipal and Rural Affairs and the Communications and Information Technology Commission included an agreement to approve the detailed and executive plans for the establishment of the telephone network within (20) working days, and the final receipt of the telephone network establishment works after the completion of implementation by the concerned telecommunications company and informing the Municipality thereof within (15) working days.
The agreement signed between the Ministry of Municipal and Rural Affairs The agreement signed between the Ministry of Municipal and Rural Affairs and the National Water Company included the approval of the detailed and executive plans for water and sewage works within (20) working days, and stipulated the final receipt of water and sewage works after the completion of implementation, by the National Water Company and informing the Municipality thereof within (15) working days.
The terms of the agreement included the approval of the detailed and executive plans for water and sewage works within (20) working days. The terms of the agreement signed between the Ministry of Municipal and Rural Affairs and the Saudi Electricity Company included the approval of the detailed and executive plans for electricity works within (20) working days, and the final receipt of the electricity network works after the completion of implementation, by the Saudi Electricity Company and informing the Municipality thereof within (5) days.
The terms of the agreement signed by the Ministry of Municipal and Rural Affairs and the Saudi Electricity Company included the approval of detailed and executive plans for electricity works within (20) working days. <The Ministry of Municipal and Rural Affairs signed for the Undersecretary of the Ministry for Town Planning, Dr. Abdulrahman bin Hassan Al-Sheikh, while the other parties signed for the Minister of Justice Advisor Sheikh Khalid bin Yahya Al-Enezi, Advisor to the Minister of Housing for the real estate sector, Mohammed bin Saud Al-Ghazwani, Deputy Governor of the Authority for Technology and Infrastructure Sector, M. Majid bin Mohammed Al-Mazeed, CEO of National Water Company, M. Mohammed bin Ahmed Al Mowgli, and the CEO of Saudi Electricity Company, Fahad bin Hussein Al Sudairi.
These agreements come to activate the updated tracks, (which are three tracks that include: Initial approval and gradual emptying, initial and final approval before implementation, and initial and final approval and sale of all plots before implementation), and achieve its objectives of encouraging investment in the real estate development sector, proposing solutions that ensure the completion and finalization of infrastructure and giving the necessary flexibility to plan owners in emptying and obtaining financing for their projects, in order to accelerate the steps and procedures to approve developers of plans and address obstacles in all sectors.
These agreements come to activate the updated paths, which are three tracks that include: initial approval and gradual emptying, initial and final approval, and sale of all plots before implementation. The mechanism of approving the updated land plans achieves many gains for the business sector, most notably finding alternatives to develop residential plans for owners and developers, giving developers and owners alternatives to financing, flexibility in development with the speed of approval, facilitating and governing procedures, and the updated paths achieve gains for citizens by increasing the supply of residential land in the developed plans.
The updated paths achieve gains for citizens by increasing the supply of residential land in the developed plans.
Ministries of the Ministries of Housing and Urban Development, the Ministry of Housing and Urban Development, and the Ministry of Planning and Urban Development. <The Ministries of Municipal and Rural Affairs and Housing recently signed a Memorandum of Understanding (MoU), which includes the completion of all licensing work for plans from the Ministry of Municipal and Rural Affairs within 60 days. The MoU aims to accelerate the final approval of residential plans, complete the finalization of their infrastructure and shorten many procedures. It aims to encourage developers and address the obstacles they face, while giving the necessary flexibility to the owners of the plans in emptying. It is worth noting that the procedures for licensing residential plans used to take two years and in some cases even longer.
