{"id":34701,"date":"2022-02-27T12:22:34","date_gmt":"2022-02-27T09:22:34","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=34701"},"modified":"2022-02-27T12:22:34","modified_gmt":"2022-02-27T09:22:34","slug":"%d8%a5%d8%b5%d8%af%d8%a7%d8%b1-%d8%b5%d9%83%d9%88%d9%83-%d9%84%d9%85%d8%b3%d8%a7%d8%ad%d8%a9-3-780-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d9%85%d8%aa%d8%b1-%d9%85%d8%b1%d8%a8%d8%b9-%d8%a8%d8%b9%d8%b4%d9%88","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/34701\/","title":{"rendered":"Issuing Sukuk for 3.780 million square meters in Makkah's informal settlements"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Ehsan Bafqih, Governor of the General Authority for State Real Estate, announced the issuance of seven sukuk<span class=\"has-inline-color has-vivid-red-color\"> <a href=\"https:\/\/amlak.net.sa\/en\/1083\/\" data-type=\"post\" data-id=\"1083\">For informal settlements<\/a><\/span> In the Makkah region, the total area exceeded 3.780 million square meters, including two deeds for the \u201dQuz al-Nakasa\u201d and \u201cAl-Kadwa\u201c neighborhoods in Mecca, and five deeds for the \u201cGhalil\u201d and \u201cPetromin\u201d neighborhoods in the Jeddah Governorate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This was stated during a panel discussion at the Real Estate Developers Forum dedicated to the government sector, which was organized by the Makkah Chamber of Commerce and Industry to mark the 75th anniversary of its founding, with broad participation from officials, investors, and those interested in real estate and economic affairs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bafqih noted that the General Authority for State Real Estate has helped address the challenges and issues faced by ten development projects and housing plans in a number of regions across the Kingdom, some of which are in Makkah, such as: \u201cthe Jabal Omar Project, King Abdulaziz Road (\u201cMasar\u201d), as well as Quz al-Nakasa and Al-Kadwa.\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;Bafqih explained that these projects faced challenges and obstacles that stood in the way of their completion, Among these challenges and obstacles were the overlap of private real estate holdings with government-owned properties and the lack of title deeds for a number of sites. The Authority therefore studied these obstacles, and it devised innovative solutions to put these development projects back on track by issuing standardized title deeds for each of them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Governor of the General Authority for State Real Estate praised the cooperation and synergy among the various government agencies, noting that this has a significant impact on achieving shared strategic goals and ensuring the sustainable development of state-owned real estate.<br \/>He revealed that more than 324 million square meters of land were allocated to 24 government agencies during 2021, while 64 allocation decisions were issued to meet the government sector\u2019s real estate needs.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>Ihsan Bafqih, Governor of the General Authority for State Real Estate, revealed that seven deeds were issued for informal neighborhoods in the Makkah region, with a total area of 3.780 million square meters, including two deeds for the neighborhoods of \u201dGoz Al Nakasa\u201d and \u201cAl Kadwa\u201c in Makkah, and five deeds for \u201cGhalil\u201d and \u201cPetromin\u201d in Jeddah. This came during a panel discussion at the Real Estate Industry Forum dedicated to the government sector, which ... <a title=\"Issuing Sukuk for 3.780 million square meters in Makkah&#039;s informal settlements\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/34701\/\" aria-label=\"Read more about the issuance of deeds for 3,780 million square meters in informal settlements in the Makkah region\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":34702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[120],"tags":[],"class_list":["post-34701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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