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الوقائع الإخبارية
Real estate and governance reforms in Parliament
The government is preparing to discuss new amendments to the Property Ownership Law aimed at enhancing the investment environment and developing the real estate market. These efforts include simplifying procedures, accelerating sale and subdivision processes, and providing periodic studies to increase transparency. The amendments encompass allowing the sale of properties based on plans before construction begins, issuing approved allocation certificates for banks, and adopting a comprehensive digital system for payment and subdivision transactions. They also seek to reduce instances of joint ownership by streamlining procedures. Additionally, the amendments focus on strengthening the connection between joint ownership removal laws and agricultural regulations, offering greater flexibility to creditors, and emphasizing the development of local governance and improvement of public services through digitalization. The goal is to activate oversight and accountability tools to achieve a fairer distribution of development projects.
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