Consulting Engineer Mishaal Khalid Bouabid says that the King Salman Urban Charter is a comprehensive initiative for infrastructure and urban development in the Kingdom of Saudi Arabia. The charter was announced in 2014, and numerous related projects have been implemented since then.<\/p>\n
Regarding the impact of King Salman\u2019s Urban Charter on the Kingdom\u2019s real estate sector, Bouabid emphasized that The Charter<\/a> <\/span><\/strong>It has brought about a radical transformation in this sector in Saudi Arabia.<\/p>\n He explained that among the most significant impacts of the charter on the real estate sector are the following:<\/p>\n First: Infrastructure improvements. The Saudi government has invested heavily in improving infrastructure, such as roads, bridges, airports, ports, railways, water, and sanitation, which is a key factor in attracting real estate investors seeking good infrastructure to develop their projects.<\/p>\n Second: Increased real estate investment. Thanks to the charter, the Saudi government was encouraged to invest in the real estate sector, and this step led to increased demand for real estate and higher property prices in the market.<\/p>\n Third: Creating a favorable environment for investors: The relevant authorities have issued numerous laws and regulations to facilitate the work of investors in the real estate sector, such as streamlining administrative procedures and reducing fees and taxes.<\/p>\n Fourth: Improvement Quality of Real Estate<\/a><\/strong><\/span>: The Saudi government is working to improve the quality of real estate and develop it in a way that meets the changing needs of society, including the development of social housing projects.<\/p>\n At the conclusion of his remarks, Engineer Bouabid emphasized that, overall, the King Salman Urban Charter has contributed to the development of the real estate sector in the Kingdom of Saudi Arabia, increased investment in this sector, improved the quality of real estate, and created a favorable environment for investors.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>The King Salman Urban Charter is a comprehensive initiative to develop infrastructure and urban development in the Kingdom of Saudi Arabia, says consultant engineer Meshal Khalid Bouabid. 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Salman Urban Charter<\/span><\/h4>\n