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Licensing for 685-unit real estate projects
The announcement of five real estate contribution licenses in Saudi Arabia aims to develop 685 residential and commercial units in Riyadh and Khobar, with capital investments exceeding 346 million Riyals and a total offering surpassing 329 million Riyals. The development projects are expected to take between 18 and 36 months after all contribution certificates are issued to investors. These contributions help finance and develop various real estate projects, accelerate construction, increase the supply of real estate products, and support sustainable development, while providing a regulatory framework that protects investors' rights and promotes transparency.
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