The Enforcement and Liquidation Support Center “Enfaaz” announced that it will hold eight public auctions in various regions of the Kingdom, starting Wednesday, September 1, 2021, through Tuesday, September 7, 2021, featuring 20 real estate and investment opportunities covering areas exceeding one million square meters.
The public auctions, held under the Center’s supervision, will begin with the “Al-Bukayriyah Auction,” an in-person event featuring two investment opportunities consisting of residential and commercial land with a total area exceeding 343,000 square meters in Al-Bukayriyah Governorate, and the ”Third Makkah Auction,” an in-person event featuring an investment opportunity consisting of an 11-story tower with an area of 1,321 square meters in the city of Makkah, The “Jawhara Al-Bajadiyah” online auction features a residential building with an area of 1,392 square meters in Al-Dawadmi Governorate, and the “Rehab Al-Dawadmi” in-person auction, featuring agricultural land, a villa, and two residential plots with a total area exceeding 400,000 square meters, as well as the “Ayoun Al-Jawa” in-person auction, which features two investment opportunities: a villa and a fenced plot of land with an area exceeding 1,000 square meters.
The “Al-Taraq Farm” in-person auction will feature an investment opportunity in Al-Qawara consisting of agricultural land exceeding 100,000 square meters, and the ”Riyadh Jewels” online auction, which features two investment opportunities in eastern Riyadh: a commercial building with an educational facility in Al-Rabwah neighborhood with a total area exceeding 1,900 square meters, and a commercial building in the Al-Naseem neighborhood with an area of 1,050 square meters, available for bidding via the Emazad.sa online auction platform, in addition to the “Rajab Al-Qassim Auction,” which features six investment opportunities: one commercial plot, two industrial plots, two residential plots, and a mixed-use commercial and residential building with an estimated area of more than 270,000 square meters.
The Support and Liquidation Center “Enfaz” is the expert body specialized in overseeing the liquidation of real estate and movable assets entrusted to it for sale by judicial authorities, the private sector, or private estates, by appointing experts and service providers from entities specializing in appraisal, marketing, property management, security, and inventory, and by listing them on the electronic platform (infath.sa) in a fully transparent and competitive manner, thereby contributing to preserving asset values, expediting the process of enforcing rights, and realizing the legal and economic value for which the Center is responsible.