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News Wire / economy

Saudi Arabia Digitizes Employment and Real Estate Licensing

SBA Al-Ekhbariya Riyadh 15d11d Impact 5

The Saudi General Authority for Real Estate has released a draft model for usufruct rights in the real estate register via the Istitlaa platform. The project aims to boost regional economies and tourism, specifically benefiting Turkey. The initiative aligns with visions to establish the Middle East as a central economic hub. The proposed network would branch from the Gulf through Saudi Arabia into Jordan, then split toward Egypt, Syria, and Turkey. Technical studies for the connection are reportedly nearing completion. The General Authority for Real Estate has approved new regulatory frameworks for real estate marketing and advertising. The regulations aim to organize advertising practices, enhance transparency, and protect market participants. The new rules mandate obtaining specific licenses for marketing activities.

The Saudi General Authority for Real Estate has released a draft model for usufruct rights in the real estate register via the Istitlaa platform. The project aims to boost regional economies and tourism, specifically benefiting Turkey. The initiative aligns with visions to establish the Middle East as a central economic hub. The proposed network would branch from the Gulf through Saudi Arabia into Jordan, then split toward Egypt, Syria, and Turkey. Technical studies for the connection are reportedly nearing completion. The General Authority for Real Estate has approved new regulatory frameworks for real estate marketing and advertising. The regulations aim to organize advertising practices, enhance transparency, and protect market participants. The new rules mandate obtaining specific licenses for marketing activities. Penalties for misappropriating funds can include up to 15 years in prison. New regulations in Saudi Arabia now require independent real estate advertising licenses. The digital transformation has documented over 12 million employment contracts and involves more than 13 million workers. The system aims to increase transparency and efficiency for both individuals and enterprises through integrated services.

Topics

real estate regulation Saudi Arabia

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Sources · 7 independent

SBA Al-Ekhbariya

“The General Authority for Real Estate has released a draft model for usufruct rights in the real estate register via the Istitlaa platform... to facilitate access for citizens.”

SBA Al-Ekhbariya

“The General Authority for Real Estate released a draft model for usufruct rights in the real estate registry... to implement the provisions of the Real Estate In-Kind Registration Law.”

Al Araby Radio Qatar

“The technical studies are now about to be completed to link China through the Gulf, through the Kingdom, through Jordan, then branching to Egypt, then branching to Jordan, Syria, and Turkey.”

Al Araby Radio

“The technical studies are now about to be completed to connect China via the Gulf through the Kingdom, then through Jordan, then branching to Egypt, then branching to Jordan, Syria, and Turkey.”

Al Araby Radio Qatar

“Technical studies are now about to be completed to connect China through the Gulf, through the Kingdom, through Jordan, then branching to Egypt, then branching to Jordan, Syria, and Turkey.”

SBA Al-Ekhbariya

“The number of ready-made factories reached 1,511 in 2024 compared to 2016... port utilization reached 64% compared to 50% in 2016.”

SBA Radio Riyadh

“انفاذ يطرح وثمانين مزاد عقارية لبيع أكثر من ألف وات 300 أطفال”

SBA Al-Ekhbariya

“أقرّى مجلس ودرط الهيئة العامة للعقار لاحة التنظيمية للتسويق والإعلانات العقارية بهدف تنظيم الإعلانات العقارية وتعزيز الشفافية وحماية المتعاملين في السوق العقاري.”

SBA Al-Ekhbariya

“أن لايحة أوجبت الحصول على ترخيص إعلان العقاري مستقل قبل نشر أي أكثر من مليونين منشأة فيما تخطى عدد العاملين 13 مليون عامل إلى جانب توثيق ما يزيد على 12 مليون عقد عمل”

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