Media ININ Economy We Trust
Media In / Riyadh 10 July 2018
Under the patronage of His Excellency the Minister of Justice Sheikh Dr. Walid bin Mohammed Al Samani, Deputy Minister of Justice Sheikh Saad bin Mohammed Al Seif signed with the Governor of the General Real Estate Authority, Mr. Essam bin Hamad Al Mubarak, a cooperation agreement to build real estate indicators according to the data exchanged between them and through advanced electronic channels, To exchange data and issue indicators for the purpose of developing the real estate sector and to contribute to the conduct of research and the preparation of studies and statistics in the field of real estate activities. The agreement aims to automate the transactions between the Ministry of Justice and the General Real Estate Authority and achieve the objectives of the Ministry and the Authority in the real estate development and provide studies related to the real estate to improve the efficiency of the real estate sector and encourage investment in it and in line with the objectives of economic and social development. The Deputy Minister of Justice said that the partnership will contribute to the development of the real estate sector, which will enhance its economic presence and reflect on its commercial mobility according to reliable and reliable data through the latest advanced digital means. He stressed that the Ministry of Justice is keen to build partnerships with government bodies and bodies, Development of this home. The Deputy Minister pointed out that the Ministry has enabled the citizen and the investor to get acquainted with the details of the real estate indicators for the regions, cities and neighborhoods through the portal of the Ministry of Justice and the construction of a detailed daily database of real estate prices in the Kingdom. He pointed out that real estate indicators allow real estate investors and those responsible to monitor inflation in the real estate sector and to search and follow the recession and real estate movement, thanks to the availability of accurate data and modern size of real estate deals and prices.
