The Umm Al-Qura newspaper published details of the <a href="https://amlak.net.The General Authority for State Property approved by the Council of Ministers and Regulation for the Disposal of State Property, where the first article included definitions of legal persons, the second article addressed the objectives of the regulation and the third article covered the scope of application of the regulation.
Article Four:
The Authority may, within the limits of its competence, dispose - in accordance with the provisions of the Regulation - of any of the State's real estate, in any of the following forms of disposal:
1- Allocation.
2- Leasing.
3- Investment.
4- Sale or netting.
Article V:
With the exception of privatization, the disposal of state real estate shall be for the best financial return that can be obtained after making the necessary evaluations.
Chapter II: Privatization
Article Six:
State real estate shall be allocated for the benefit of government entities, within the limits of their needs, in accordance with regulations approved by the Council. The Authority may allocate state real estate to non-governmental entities after the approval of the Prime Minister.
<Article Seven:
The allocated state property may only be used for what it was allocated for and from the entity for which it was allocated.
Article Eight:
1- The entity to which the state property is allocated must return it to the Authority when it no longer needs it.
2- If the allocated state property is left unused, the Authority shall retrieve it after notifying the entity to which the property was allocated.
3- The Authority shall cancel the allocation when necessary, according to controls approved by the Board.
Chapter Three: Leasing State Real Estate
Article Nine:
1- The Authority may lease state real estate for a period not exceeding (ten) years, and the duration of the lease contract shall be determined at the discretion of the Authority.
2- In exception to the provision of paragraph (1) of this Article, the contract may include a provision to extend it after the end of its first term for a period not exceeding (five) years, and in this case it may provide for an increase in the rent by not less than (5%) of the original term if the extension is for one year or less, and not less than (10%) of the original term if the extension is for more than one year.
3- The Authority may, after the approval of the Governor, extend the lease contract in cases that require the extension of the contract for the lessee until the completion of the re-tendering and award procedures, provided that the total extension does not exceed (one year).
Article Ten:
1- The leased state property shall be handed over to the lessee according to a report in which the condition of the property and its contents are proven in detail, the report shall be signed by the Authority and the lessee, and a certified cadastral elevation of the property shall be attached to the report.
2- The leased state property shall be handed over to the Authority upon vacating it, according to a report proving its condition and the damage caused by misuse, and the report shall be signed by the Authority and the lessee. If the tenant objects to the content of the report, he may write a reasoned reservation in the report and sign it.
“Amlak publishes regulations for the disposal of state properties (1)








