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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

Head of the Contractors Authority expects the contracting sector to grow by 5% until 2030

Ajlan: 18,000 projects and plans to spend trillions of riyals and promote alliances between Saudi and foreign companies.

Zakat, Tax and Customs Authority

Details... Learn about the draft executive regulations of the real estate transaction tax system

KDIPA releases draft real estate transaction tax regulations and invites comments between February 15 and March 15, 2025

Australia

Australia imposes a ban on foreigners buying real estate What are the reasons?

A two-year ban that prevents foreign companies and temporary residents from buying existing residential homes from April 1.

New agreement to boost infrastructure for electric vehicle charging stations

Riyadh Development signs EVIQ to develop charging stations on its assets and support Riyadh's transformation into a smart and sustainable city

Residential program

Contractors Authority launches the 5th International Contracting Conference in Riyadh

The conference will be held at Riyadh Front February 15-16, 2025 in conjunction with the Big5 Saudi exhibition and is aimed at leaders in the construction industry.

Emir of Riyadh reviews the goals of the Infrastructure Projects Center to raise the level of control and compliance

The District Secretary and CEO reviewed the plan to coordinate infrastructure projects, strengthen oversight, and deliver the Center's 2024 report.

Enforcement logo

“Enforcement announces 54 auctions to sell 538 assets in 12 regions of the Kingdom

The auctions will be held between February 15 and 27, 2025 and will feature real estate, watches and machinery with live and online attendance with details on the center's website.

Saudi Arabia's infrastructure needs $1 trillion in investment over 10 years

Private sector contribution rises to 46% and reaches 65% with PIF's portfolio.

Land Registry and Thiqaqa sign MoU to convert paper deeds into electronic ones

The partnership aims to build a digital platform and data exchange to accelerate in-kind registration and achieve 80% coverage within five years.

Logo of Al Diriyah Company

“Diriyah and the Contractors Authority sign a tripartite memorandum of understanding to develop dealing mechanisms

Accelerate the coordination of data sharing, address organizational challenges, and develop Diriyah projects to support the Kingdom's Vision 2030 goals

Al Haqeel - Business License - Quality of Life

Minister of Municipalities and Housing Launches Regulatory Excellence Program for Government Agencies

The program aims to raise the efficiency of inspection and compliance in cooperation with 60 government entities.

Big Five Gallery

Big 5 Construct hosts the International Contractors Conference to unlock innovation and collaboration in Saudi Arabia's construction industry

February 15 and 16 at Riyadh Front: A government and industry meetup to explore innovation and collaboration opportunities for the Kingdom's mega-construction projects.

Regulation of real estate auctions

How to apply for a real estate auction Conditions and required documents

The General Real Estate Authority determines the deadlines, licenses, documents and conditions necessary to accept an application to hold an auction.

Jeddah Municipality spokesperson: No compensation for owners of dilapidated buildings

Jeddah Municipality monitored 351 buildings in Al Faisaliyah and Al Rabwa and gave the owners time to remove them or they will remove them at their own expense.

“Social Insurance” sets the deadline for benefiting from the initiative to waive fines and violations

Businesses with debts before March 3, 2024 will be exempt from late penalties and violations when paying contributions through "My Business Insurance"

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