"State real estate"..9 conditions for government agencies to own real estate outside the Kingdom
You specified The General Authority for State Real Estate controls government agencies’ ownership of real estate outside the Kingdom, with the aim of regulating the ownership and disposal process.
The Authority prohibited government agencies from owning real estate outside the Kingdom except when needed and after the Authority’s approval, subject to compliance with BShouldn’t have The government agency An unexploited property that meets its need, or a property that suits its technical and security standards, and that there is no property available to the state that meets the need of the government agency in the host country.
Financial approval and non-objection
It confirmed that the government entity must have the necessary financial accreditation to own the property, and the Authority may require that the government entity provide the necessary financial accreditation to exploit the property in cases determined by the Authority, and that it be The property to be owned conforms to the approved standards and within the limits of the government entity’s need, and within the prevailing prices in the host country.
The Authority obligated the government entity to obtain a non-objection from the Ministry of Foreign Affairs and the host country, if its laws required that.
The Authority required that he have an official ownership document that is absolutely authentic and meets the legal requirements in the host country "Absolute ownership"And it must be free of defects. According to a report issued by an accredited engineering or technical body – in accordance with the requirements of the host country, and it does not need renovations or repairs, except in cases where there are no other alternatives..
Requirements in the host country
The requirements also include that it must meet the necessary requirements from the competent authorities in the host country, that its specifications must be compatible with the needs of the government entity, that it be in accordance with the standards approved by the Authority, that it must not have any violations or dues to any competent authority, and that it must not be the subject of a dispute..
It also includes that it must not be owned by an employee of the authority or government entity, or a relative up to the third degree, or anyone who has a direct influence on the ownership process, and that the ownership of the chosen property must not belong to persons or entities with whom it is prohibited to deal, in accordance with the regulations, laws, bylaws and decisions issued by the relevant authorities. The relationship in the Kingdom or the host country.
The regulations stipulate that the amounts collected from the sale of real estate be deposited in a current account at the Ministry of Finance, and allocated to meet the needs of government agencies for their foreign real estate according to the recommendations of the Foreign Real Estate Committee.
Real Estate Utilization Plan and Operating Responsibility
The Authority prohibited the exploitation of the allocated properties for purposes other than those for which they were allocated, and by the government entity for which they were allocated, while it obligated The government entity to which state property is allocated must inform the Authority when it no longer needs it, and provide the Authority with a comprehensive report on the condition of the building.She explained that if the allocated state property is left unused and there is no approved plan to benefit from it, the authority will consider disposing of it or allocating it to another party after notifying the government entity to which the property is allocated.
The regulation holds the government entity to which the property is allocated responsibility for operating and maintaining the property and all financial costs, fees and related taxes, with its obligation to provide the necessary reports regarding the property allocated to it and submit these reports to the Authority.
The regulations authorize the Authority to allocate one property to several government agencies in coordination with the government agency exploiting the property, provided that each government agency bears the direct and indirect expenses of its exploitation of the property.
The government entity is required to maintain the designated property, provide security guards, and take the necessary measures to prevent any encroachment on it in a way that ensures the preservation of those properties.
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