iPhone | iPad
Android
Huawei
Capital's first indoor snow park has been officially inaugurated in Reem Mall on Reem Island and will welcome visitors from June 8
KT APPDOWNLOAD
Saudi's Shoura proposes allowing non-resident foreigners to own real estate
— AP file
Riyadh - The Shoura Council urged the authority to coordinate with the concerned authorities to ensure stability in the real estate sector
Saudi Arabia’s Shoura Council has called on the Real Estate General Authority to coordinate with the relevant authorities to study its proposal allowing non-resident foreign individuals to own real estate in Saudi Arabia amid specific controls, local media has reported.
The Shoura Council also called on the authority on Wednesday to ensure transparent governance for the entities it established, such as the Saudi Real Estate Institute, the Saudi Center for Real Estate Arbitration and the Center for Research and Studies.
The authority has been asked to strengthen the supervisory role in all of its work so that it can follow up on compliance with the rules and standards it has set for the real estate activities.
The Shoura Council urged the authority to coordinate with the concerned authorities to ensure stability in the real estate sector and reduce risks that may occur in the real estate market.
The council pointed out that the authority should prepare its annual report in line with the royal decree regarding the rules for preparing annual reports for ministries, institutions, and government agencies.
The Shoura Council called for supporting the authority's budget to enable it to carry out tasks entrusted to it, complete its projects, and hire more workforce to achieve its goals.
More news from
Head remained unbeaten on 146 off 156 balls and Steve Smith was batting on 95 off 227 balls as Australia reached 327 for three at stumps
All outdoor activities at the city's public schools were suspended and residents were urged to limit outdoor time to 'the absolute necessities'
When this volcano erupted in 2018, it destroyed more than 700 homes
Recovery faces a 'long road', global body says
Turkey's lira plunges to record low
He said part of the reason he is pursuing the lawsuit against MGN, and a similar case against News Group Newspapers, was to stop the abuse of his wife Meghan
This is a brilliant fightback from the Head-inspired Australia after it was reduced to 76 for three at one stage