72 Days
Source:
الاقتصادية
Source: الاقتصادية
72 Daysالاقتصادية
Source: الاقتصادية
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The Saudi Ministry of Municipal and Rural Affairs and Housing has approved new regulations for extending investment contracts. These regulations allow investors to renew their contracts early after half the duration has passed, provided they comply with conditions related to property improvements and feasibility studies. Investors can obtain an extension period of up to an additional 15 years, with a maximum total extension period of 25 years. Requests are subject to review by a technical committee to ensure compliance with the regulations and future strategic directions. The aim of these regulations is to enhance the investment environment and ensure the sustainable development of municipal assets.
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