1 Day
Source:
الاقتصادية
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Saudi Real Estate shifts to Authority
The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, approved the transfer of digital and operational services related to real estate documentation, including the Real Estate Exchange platform, the mobile application, and data and document systems, to the General Authority for Housing within six months. This aims to enhance sector integration and improve service efficiency. Additionally, a source anticipated that the Real Estate Exchange will be transferred from the Ministry of Justice to the Authority before the end of this year to consolidate real estate services under a single regulatory framework. The Council also emphasized ongoing cooperation among relevant agencies to ensure the continuity and smoothness of services. Furthermore, it extended the mandatory period of one year for settling labor disputes amicably before filing lawsuits, and designated the year 2027 as "Water Year." The Council also condemned the terrorist attacks on oil facilities and ships in the Red Sea, underscoring that Saudi Arabia will respond firmly to any hostile acts in accordance with international law.
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