| Release Date: | 1442-03-25 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 1/394 |
| Validity: | Valid |
| Summary: | By AI The Committee for the Sale or Lease of Off-Plan Real Estate Units in Saudi Arabia has decided to adopt the regulations for licensing small and medium projects in accordance with the regulations approved by the Council of Ministers. The regulations include important definitions such as "activity," "project," and "developer," and specify licensing conditions including the provision of a financial guarantee. The regulations aim to encourage the development of real estate projects and increase inves... |
| Umm Al-Qura Newspaper: | ![]() |