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KSA may set up separate authority for real estate

Posted on 23 May 2011

The Council of Saudi Chambers of Commerce and Industry (CSCCI) plans to recommend setting up a separate authority for real estate in the kingdom, Arab News has reported. “We are conducting a detailed study about this proposal and the final report is to be released within a period of two months,” Real Estate Committee chairman Hamad Al-Shuweir said.
The authority could frame regulations for the fast developing sector and be a window for real estate industry of the kingdom to both local and international markets, he said……………………………………….Full Article: Source


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