Majid Al-Hogail, Acting Minister of Municipal and Rural Affairs, revealed the approval to exempt investors from paying 25 percent of the rental value of municipal real estate leases for this year, equivalent to three months" rent, stressing that this generous approval comes within the framework of the unlimited support from the state to mitigate the effects of the Corona pandemic on coronavirus.
Minister Al-Haqeel indicated that the approval includes exempting all investors with the municipality and municipalities in economic activities affected by the pandemic, indicating that the number of beneficiaries of this generous approval exceeds 50 thousand economic establishments with an estimated exemption value of more than 570 million riyals.
The number of beneficiaries of this generous approval exceeds 50 thousand economic establishments.
