Real Estate Contributions in Regulatory Governance

M.

The General Authority for Real Estate continues its distinguished journey in regulating and legislating the real estate sector, which achieves what is planned by Vision 2030 in its comprehensive programs, including the regulation of this important and vital sector, which enjoys many relative advantages and is one of the most important areas attracting internal and external investment.

Last Wednesday, in a delightful ceremony, the induction system of the real estate contributions system was launched, and the platform for receiving applications for real estate contributions licenses was launched, which was attended by His Excellency Mr. Majid Al-Hogail, Minister of “Municipality and Housing” and His Excellency Mohammed Al-Qwaiz, Chairman of the Capital Market Authority, under the organization of the General Authority for Real Estate, led by the distinguished engineer Abdullah Saud Al-Hammad, CEO of the Authority.

This was a wonderful ceremony and the real estate contributions system was launched. <The ceremony was wonderful and full of valuable information about the new real estate contributions and how to develop the real estate sector. The new system is a promising, important and useful system to promote investment and project development, and a bright future awaits the economy thanks to these important steps.

In conclusion, I would like to conclude. <In conclusion, I would like to mention that the definition of real estate contribution according to the regulation: It is a real estate development project in which a group of people participate in order to achieve a benefit, by owning a property and developing it into residential, commercial, industrial, agricultural, etc. and then selling and terminating the contribution, and does not include real estate investment funds.

In conclusion, I would like to mention that the definition of real estate contribution according to the regulation