Economy / Ministry of Municipalities and Housing Adopts Regulations for Early Extension of Lease Contracts for Investment Projects

Riyadh, Safar 01, 1448 AH corresponding to July 15, 2026 AD, SPA: The Ministry of Municipalities and Housing adopted regulations for early extension of lease contracts for large investment projects concluded before the implementation of the updated regulation on disposal of municipal properties, and set out the regulatory rules and standards for that, in order to enhance the investment environment, raise the efficiency of municipal property investment, and support the implementation of development investments in existing projects. The Ministry explained that the regulations come within the framework of its efforts to enhance municipal investment by enabling investors to extend their lease contracts during their validity period, continue developing and expanding their projects, and add qualitative investments, which contributes to raising the efficiency of investment of municipal assets and properties, maximizing their utilization, and supporting urban development goals. It added that the regulations contribute to creating a more attractive and stable investment environment, encourage investors to develop existing projects and raise their efficiency, which enhances the competitiveness of municipal investment, supports the growth of the private sector, and contributes to improving the quality of facilities and services, reflecting on the quality of life in cities and governorates. The Ministry affirmed that the regulations organize the mechanism for extending investment lease contracts during their validity for the covered projects, according to a governance framework that balances preserving the rights of municipal entities and enabling investors to continue investment and development, which enhances partnership with the private sector, achieves development goals, and raises the economic value of municipal assets. The Ministry invited investors and interested parties to review the regulations for early extension of lease contracts and the mechanism for benefiting from them via the link: https://furas.momah.gov.sa/ar/regulations-and-bylaws. // End //13:53 PM 0072