Riyadh- Muhammad al-Amin Jamous: The Ministry of Municipal and Rural Affairs and Housing announced the success and conclusion of the Municipal Investment Forum “Opportunities” that was organized recently, by offering more than 5000 investment opportunities from various government agencies, and agreements worth more than 12 billion riyals were concluded.
Opportunities
The Ministry reported on its Twitter account that the forum witnessed 104 dialogue sessions and workshops, in which 174 speakers from specialists and experts exchanged opinions and views, while the number of visitors reached 126 thousand visitors, and the forum witnessed the launch of the investment portal in Saudi cities “Opportunities”.
The Municipal Investment Forum reviewed a package of investment opportunities offered by municipalities and government agencies, and aims to expand the base of competitors by stimulating and attracting local and foreign capital investments to contribute to raising the quality of life in Saudi cities and regions in accordance with Vision 2030.
Municipal Investment Forum Municipal Investment Forum
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Municipal Investment Forum Summary
Launch of the Opportunities for Investment Portal
A national platform on which government entities present their opportunities on the platform to investors.
Opportunities for Investment Portal
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5 government entities present opportunities to investors.
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5000 investment opportunities presented.
Municipal sector accounts for 40% of services.
70% privatization rate required in the ministry's activities.
17 empowered companies modeled after the National Housing Company by the end of the year.
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10 companies established.
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200 developers empowered by National Housing.
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Reducing the value of bank guarantees from 100% to 25% to help the investor in development and construction.
Reducing the value of bank guarantees from 100% to 25% to help the investor in development and construction.
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Regulation on the disposal of municipal real estate.
Enabled to improve the relationship with the investor.
Addition of public bidding.
<Allowed investment in some lands.== === === ===
126 thousand visitors.126 thousand visitors.
104 dialog sessions and workshops.
200 sites for entrepreneurs.
200 sites for male and female entrepreneurs.
<174 speakers from specialists and experts. <170 one-on-one consultations. <125 contract and agreement signings.
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State Property Authority
Government headquarters construction projects.
<Providing the government's real estate needs.
Future projects of the Authority.
Review the services of “Entifaa” platform.
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Public Authority for Real Estate Participation
Defining and raising awareness of real estate regulations:
Real Estate Brokerage Law and Regulations:
Registration in kind of real estate.
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Cultures that the Authority works on
Regulating the non-governmental real estate sector.
Publish and raise awareness of the sector's regulations and activities. Promote governance and raise performance efficiency.
<Maintain sustainability. <Increase the transparency of the sector.
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Main objectives of the forum
Present initiatives to develop municipal investments within the Kingdom's Vision 2030, and review the future trends of municipal investment.
Presenting successful international experiences in the field of investment in the municipal and governmental sector.
<Introducing the Saudi Cities Investment Portal "ForUs". <Highlighting the role of investments and the role of the private sector in the development of Saudi cities. Highlight the role of investments and the role of the private sector in the development of Saudi cities.
Review the investment opportunities offered by municipalities and government agencies.
