24 Hrs
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اليوم السابع
Interest-Free Loan for Building Repairs
Building Law No. 119 of 2008 establishes a zero-interest lending fund to facilitate the maintenance and restoration of residential buildings, as well as to provide alternative housing for buildings threatened with collapse. The fund is allocated at least 0.5% of the state's investment budget and benefits from donations, gifts, and investment returns. Specialized engineering committees are responsible for inspecting buildings and preparing reports for the relevant authorities to make decisions regarding maintenance, restoration, reinforcement, or partial or complete demolition, following specific procedures that ensure the safety of lives and property. The governor must approve the final decisions within one week.
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