Sunday, July 19, 2026

«Al-Jazeera» - Economy:

The Ministry of Municipalities and Housing adopted controls for the early extension of lease contracts for large investment projects concluded before the enforcement of the updated regulations on disposal of municipal properties, and established the controls and standards to regulate 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 controls 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 investing municipal assets and properties, maximizing their utilization, and supporting urban development targets.

It added that the controls contribute to creating a more attractive and stable investment environment, encourage investors to develop existing projects and improve their efficiency, which enhances the competitiveness of municipal investment, supports private sector growth, and contributes to improving the quality of facilities and services, reflected in the quality of life in cities and governorates.

The Ministry stressed that the controls regulate the mechanism for extending investment lease contracts during their validity period for the included projects, within 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 targets, and raises the economic value of municipal assets.

The Ministry invited investors and interested parties to review the early extension controls for lease contracts and the mechanism for benefiting from them via the link: https://furas.momah.gov.sa/ar/regulations-and-bylaws.

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