The Ministry of Housing is one of the most important ministries in the Kingdom due to its major role in providing housing units for housing subsidy recipients.<\/p>\n
The rulers realized the importance of this ministry and the multiple and diverse tasks it performs, so they gave it special care and attention and provided it with more powers.<\/p>\n
The ministry is now receiving more support, powers and benefits from the Cabinet, which approved\u00a0 <\/span>Last week, the Council approved the recommendations of the Council of Economic and Development Affairs regarding the Ministry of Housing's directives, most notably approving the draft organization of the soon-to-be-established National Real Estate Authority.\u00a0 <\/span>The Board decided that\u00a0 <\/span>Organizational affiliation with the Ministry of Housing to\u00a0 <\/span>The Authority is responsible for overseeing all\u00a0 <\/span>Real estate-related matters, which include applying, reviewing, developing, and updating the relevant laws, instructions, and regulations.\u00a0 <\/span>In addition to monitoring real estate sector indicators, it was also approved to transfer supervision to housing in relation to real estate units in its ownership system and its executive regulations, as well as in relation to the off-plan sales activity, which was transferred from \u00abtrade\u00bb to \u00abhousing\u00bb.<\/p>\n To facilitate the work of the Housing Authority, the Economic Council directed that housing-related projects be exempted from building requirements related to the number of floors, setbacks, and areas, provided that they do not prejudice\u00a0 <\/span>This is in accordance with safety and security requirements.<\/p>\n An important matter approved by the Council was to direct the Saudi Arabian Monetary Agency to coordinate with the Ministry of Housing in preparation for the revision of the Real Estate Finance Law and its executive regulations\u00a0 <\/span>to meet the needs of the beneficiaries, but not\u00a0 <\/span>Disrupts it\u00a0 <\/span>Perhaps the recent developments in the real estate market and the decision to impose fees on white lands within the urban area require that the real estate financing system and regulations be reviewed to be in line with the movement that occurred in this field.<\/p>\n All these powers\u00a0 <\/span>The tasks are extremely important and will make the Ministry of Housing's process run smoothly.\u00a0 <\/span>to abandon the sluggishness of earlier periods. .<\/p>\n And what makes us\u00a0 <\/span>I am more optimistic about the future of housing because the ministry is run by a recognized national talent\u00a0 <\/span>His dedication and sincerity. He is one of the promising young people who know how to manage things with wisdom and competence. We ask God to grant him success and success for all.<\/p>\n Editor-in-Chief<\/p>\n azizes@amlakmail.net<\/i><\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Ministry of Housing is one of the most important ministries in the Kingdom due to its major and pioneering role in providing housing units for housing subsidy recipients. The rulers realized the importance of this ministry and the multiple and varied tasks it performs, so they gave it special care and attention and provided it with more powers. Now the ministry is receiving more support and powers ... 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