Royal Order No. (40152) for the year 1441 AH

Type:	Royal directive
Date:	1441-06-29
Document Number:	40152
Summary:	By AI The document addresses the minutes of the Permanent Committee of the Council of Ministers No. 26/14 dated 26/6/1441 AH, which recommends approval for the update of the Regulation on the Action of Municipal Real Estate. The project allows investors who have land lease contracts prior to the issuance of the regulation to extend their contracts for a period of up to 25 years, with a reassessment of the rental value according to prevailing market prices. The matter has been studied with the particip...

Type:

Royal directive

Date:

1441-06-29

Document Number:

40152

Summary:

By AI

The document addresses the minutes of the Permanent Committee of the Council of Ministers No. 26/14 dated 26/6/1441 AH, which recommends approval for the update of the Regulation on the Action of Municipal Real Estate. The project allows investors who have land lease contracts prior to the issuance of the regulation to extend their contracts for a period of up to 25 years, with a reassessment of the rental value according to prevailing market prices. The matter has been studied with the particip...