Month: August 2022

105 billion riyals allocated for 1335 water and agricultural projects

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Desalination projects

Reading time: < 1 MinuteThe General Organization for Saline Water Desalination (GOSWD) revealed the size of the cost of its project portfolio of SR13.105 billion, for 21 water projects that come within the five-year capital portfolio of the environment, water and agriculture system, following the approval of the Custodian of the Two Holy Mosques King Salman and Prince Mohammed bin Salman, Crown Prince, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs, to allocate SR105 billion ... Read more

“Enforcement offers 124 properties in 12 public auctions in 9 cities

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Real estate auctions

Reading time: < 1 MinuteThe Assignment and Liquidation Center “Enforcement” revealed that it will offer more than 124 properties through the organization of 12 public auctions, varying between in-person and electronic auctions; the auctions contain movables in various regions of the Kingdom, during the period from August 1 to 10, 2022. The properties vary between commercial, residential and agricultural lands, residential villas, and commercial and residential buildings, and start with an auction ... Read more

Off-plan sale or lease program defines mechanisms for delivery of real estate units

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Off-plan sales projects - Real estate transactions

Reading time: < 1 MinuteThe off-plan sale or rental program “Wafi” has set specific mechanisms for the delivery of real estate units for off-plan sale projects, whether they are projects of the Ministry of Municipal and Rural Affairs and Housing represented by the Residential Program or private sector projects, as the receipt begins with the inspection of the real estate unit from the buyer and ends with the final delivery of the unit after ensuring its quality and freedom from construction defects and the completion of services, in order to ensure ... Read more

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