Crown Prince Guides Jeddah Council Decisions
The Saudi Council of Ministers, headed by Crown Prince Mohammed bin Salman in Jeddah, has decided to extend the deadline for rectifying unregistered real estate transactions by a full year to facilitate citizens and investors. It also approved the Government Tenders and Purchases System and the International Artificial Intelligence Ethics Center, allowing investors to develop land and implement housing units for beneficiaries of developmental housing in exchange for a designated percentage of the land. The council announced international cooperation agreements in the fields of aviation, maritime transport, and space with several countries, including Kazakhstan, Spain, Somalia, and Turkey. Additionally, permission was granted to licensed financial institutions to conduct cross-border financial activities. Furthermore, several officials in the Ministries of Interior and Media, as well as the Secretariat of the Council, were promoted. Many economic and investment measures were also approved to strengthen both the domestic and international sectors.
Notice: This Is an AI-Generated Summary
Comments (0)