Saudi Arabia set 18 rules governing lease of properties by government entities outside the Kingdom, according to Umm Al-Qura official gazette.
Under these rules, no government entity may be allowed to lease a property outside the Kingdom unless there is a dire need and after obtaining the approval of the Real Estate General Authority (REGA).
Leased properties should be free of construction defects.
As an exception to Article (6), a government entity may directly lease real estate within the limits of its financial allocations in the following cases:
1– Temporary premises for the mission or its affiliated technical offices, or housing for heads of missions or employees.
2– Permanent premises for mission offices or affiliated technical offices, provided that the value of each contract does not exceed $300,000 annually.
3– Permanent housing for the head of the mission or employees, or for support services such as warehouses, parking lots, etc., provided that the value of each contract does not exceed $50,000 annually.
Saudi Arabia set 18 rules governing lease of properties by government entities outside the Kingdom, according to Umm Al-Qura official gazette.
Under these rules, no government entity may be allowed to lease a property outside the Kingdom unless there is a dire need and after obtaining the approval of the Real Estate General Authority (REGA).
Leased properties should be free of construction defects.
As an exception to Article (6), a government entity may directly lease real estate within the limits of its financial allocations in the following cases:
1– Temporary premises for the mission or its affiliated technical offices, or housing for heads of missions or employees.
2– Permanent premises for mission offices or affiliated technical offices, provided that the value of each contract does not exceed $300,000 annually.
3– Permanent housing for the head of the mission or employees, or for support services such as warehouses, parking lots, etc., provided that the value of each contract does not exceed $50,000 annually.
