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New Tenders Law eliminates the execution of projects at the contractor's expense and only requires termination of the contract and confiscation of the financial guarantee

Reading time: 3 Minutesألغى نظام المنافسات والمشتريات الحكومية الجديد سحب العمل وتنفيذه على حساب المتعاقد وتحميله الفروقات في الأسعار، واكتفى بفسخ العقد ومصادرة الضمان المالي إذا أخل بالتزاماته ... Read more

11/05/2019

System of competitions
Municipality and Rural Development - Adoption of technical requirements for real estate.

«Municipality and Rural Development» approves the development of (12) technical requirements for buildings and service facilities

Royal Orders - Private Sector - Labor Market

Amendment includes registration of real estate within the authority King Salman issues a royal decree amending the organization of the Economic Cities Authority

Real Estate Financing

The Saudi Arabian Monetary Authority (SAMA) introduces licensing rules for activities supporting public finance

Ministry of Justice. Najeez and Declarations

Ministry of Justice launches electronic inquiry service for declarations through Najeez portal“

Construction Techniques - Training Course

Saudi Real Estate Institute organizes a training course entitled «Owners Union» in cooperation with Jeddah Chamber

Buildings - Commercial Register - Contracting Projects - Workers' Residences - Shops - Construction - Real Estate - Investment

Modernizing and developing technical requirements for the buildings and spaces of private schools, warehouses, gas stations and private hospitals

Sustainable Building Program issues 50 certificates of qualification in November

Real estate prices

Ammar Al-Qahtani: The return of real estate developers, not the completion of stalled projects, will revive the market

Notaries - Sale of Real Estate

Real estate registration committee handles 1,150 complaints against government departments

Real Estate - Residential Projects - Residential Scheme - Real Estate Finance - Residential Schemes

Ministry of Housing denies news of canceling white land fees

Ownership of real estate

Lawyer Ali Al Mosharafi writes an analytical reading of the decision to regulate the ownership of real estate in the Kingdom

Investment

Ease of Doing Business Initiatives grants 9 instant visas to full-time business owners

real estate

Government agencies are instructed not to accept requests for proof of land ownership based on hand status or ordinary documents Reviewing the draft Real Estate Ownership Law

Contracting

Saudi Engineers Organization completes automation of temporary contract companies The Saudi Engineers Authority completes the automation of temporary contract companies

Competition system

Government Tenders and Procurement Law Regulations take effect on December 1st

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