New rules to streamline handling of state properties
Aran News Saudi Arabia29 Jul, 2020News
A regulation has been recently adopted for the use of the state’s real estate. It allows the authority to set rules for allocating state properties to government agencies or other parties and also cancel such agreements when necessary. The new law governs different aspects such as leasing, sale and investment. The aim of the new regulation is to streamline the sector and effectively use state properties to finance public projects by increasing the Kingdom’s revenues.
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