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Al-Ikhwan alerts foreign firms on land costs

Al-Ikhwan alerts foreign firms on land costs

The Ministry of Housing, Utilities, and Urban Communities has announced the activation of an electronic notification system for companies and investors regarding land allocation decisions and final pricing. This system will be accessible through the Foreign Investment Portal and the Investor Services Portal on the Authority's website, as part of the digital transformation aimed at enhancing transparency and governance. This step seeks to streamline and accelerate the allocation procedures and ensure the reliable collection of the Authority's dues, while supporting the attraction of local and foreign investments and improving the quality of services provided to investors. This initiative aligns with the Ministry's policy to improve institutional performance and develop the real estate services system, thereby enhancing the competitiveness of the real estate market and promoting transparency and efficiency.

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