INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

Saudi Arabia to speed up real-estate title registration

Mining and quarrying activities drove the rise in IPI.
  • Two Saudi ministries are looking to set up committee to facilitate real-estate tasks,
  • The panel is also expected to prepare a plan for the application of property ID to all title deeds, and studying joint property title deeds

The Saudi Ministry of Justice (MoJ) and the Ministry of Municipal and Rural Affairs and Housing (MoMRA) have signed a memorandum of cooperation to speed up procedures for real-estate title registration, official sources have said.

The move is expected to raise the country’s ranking in relevant international indexes.

“The memorandum provides for the formation of a mutual committee for facilitating real-estate tasks, preparing a plan for the application of property ID to all title deeds, and studying joint property title deeds,” the MoJ said.

The committee is also expected to undertake the governance of procedures for planning, partitioning, division, and surveying decisions, besides the issuance of grant title deeds.

It will also reportedly supervise digital integration related to property works.

The step is said to be part of the collaboration between the two ministries aiming to improve services, enhance efficiency, and achieve common goals.