Development & Construction

Infographic: Direct penalties for non-filing of corporate financial statements

Reading time: 2 MinutesThe Ministry of Commerce announced the implementation of the ministerial decision issued by His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, imposing an immediate penalty on anyone who violates ... Read more

The Ministry of Commerce applies direct financial penalties and graduated fines for failure to file financial statements of companies.

02/07/2024

Ministry of Commerce - Saudi Companies

Urgent: The Cabinet approves regulations for integrated circuit layout designs, designs, and patents.

The council also praised the growth of foreign investments and the outcomes of economic conferences within the objectives of Saudi Vision 2030.

Before buying an apartment in Saudi Arabia... 10 clauses in the contract that protect you from disputes

10 items to review before buying an apartment in Saudi Arabia, from price, tax, and payment schedule to delivery, guarantees, maintenance fees, and contract termination terms, with links to official regulations.

Your guide to detecting risks: 8 signs to check the safety of shared accommodation

The «Amlak» report provides your guide to checking the safety of shared accommodation through 8 indicators, in addition to the responsibilities of owners and operators.

Will the property live up to the ad’s promises? «Amlak» identifies potential pitfalls from contract signing to handover

«Amlak» tracks the process of purchasing off-plan real estate in Saudi Arabia—from the listing and signing of the contract to payments and delivery—and explains the key risks, the buyer’s rights, and the legal safeguards.

15 minutes free and 4 occasions without fees.. Draft of new regulations for paid parking

The ministry’s draft sets out the rates for paid parking, free periods, exemptions on four occasions, and fees for towing vehicles that are in violation of the rules.

5 Digital Steps to Protect Property Buyers from Fake Listings

Before Paying a Deposit: 5 Steps to Protect Property Buyers from Fake Listings

A brief guide to verifying the license, the broker, and property details, and to documenting the deposit before purchasing or reporting any suspected fraud.

Territory

New regulations introduced for the development of housing subsidy land... with a maximum concession to investors of 20%

Public Authority for State Properties

Revision of Regulations Governing Government Agencies’ Lease of Real Estate… with Contract Terms of Up to 25 Years

The project mandates publicly disclosed annual plans, pre-qualification, and technical and financial controls to enhance efficiency and transparency in the leasing of government properties.

Acceptance of Applications for Refunds of Undue «Real Estate Sales» Tax Begins

The Authority set out conditions and a 30-day deadline for the refund or cancellation of taxes and fines for real estate transactions between 2018 and 2020.

«Municipalities and Housing» Warns Owners of Undeveloped Land: Less Than 3 Months Until Fees Are Due

The ministry urges landowners to verify the status of their land and either develop it or pay the fees within the statutory deadline to avoid fines.

Signing of an Agreement to Complete the Second Phase of Prince Mohammed bin Salman Road in Buraydah

The Ministry of Commerce has approved the new import licensing guide; implementation will begin in 30 days.

The guide was published in «Umm Al-Qura» on October 2, 2026, and work on it will begin after 30 days in coordination with 11 government agencies.

Approval of a regulation to revive unknown and dormant endowments... and 5% of the endowment's value as a reward for informants

A new regulation organizes the disclosure, proof, and revival of unknown and inactive endowments, with rewards for informants of up to 10 million riyals.

Public Authority for Real Estate

«The Real Estate Authority conducted 37 inspection tours and audited 14,900 advertisements and offices during September.

The authority detected licensing and real estate advertising violations and processed 1,542 reports, while carrying out more than 30,600 electronic surveys.

Transforming the construction sector into an industrial sector

Infrastructure project contractors will be required to implement technical accreditation starting in 2027.

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