Month: February 2022

Reading time: < 1 MinuteThe National Program to Combat Commercial Concealment urged all violators of the system to correct their status, especially establishments whose annual revenues reach “two million riyals” and take advantage of the benefits of the corrective period, and avoid the application of deterrent statutory penalties that reach 5 years in prison and a fine of 5 million riyals, stressing that there will be no extension of the corrective period that will end tomorrow, Wednesday. The program confirmed the continuation of ... Read more

Reading time: 2 MinutesEstablishments with annual revenues of more than 6 billion riyals benefited from the corrective period Introduction The commercial concealment initiative aims to modernize and develop the retail sector in outlets to provide investment opportunities for Saudis, generate jobs, and enable foreigners to invest in organized investment without the need for illegal cover. Only two days remain of the corrective period for violators of the Commercial Concealment Law, which ... Read more

Reading time: < 1 MinuteThe Enforcement Center will review 58 real estate opportunities through its supervision of six online and in-person auctions, which will be held on properties in different regions of the Kingdom, between February 15 and 20 of this year. The properties include commercial, residential and agricultural lands, villas, buildings and commercial complexes in 4 different cities and governorates in the Kingdom, and the auctions start ... Read more

Reading time: < 1 MinuteThe Ministry of Municipal and Rural Affairs and Housing has launched the first phase of the implementation of the decision to fence off vacant lands. The decision targets owners of vacant (commercial) lands located on the main axes with high traffic density in the main cities (Riyadh, Jeddah, Makkah, Medina and Dammam), which will be shown through a GIS program as part of the initiative to address visual distortion. The Ministry has launched a campaign to ... Read more