Arab Press

بالشعب و للشعب
Wednesday, Apr 17, 2024

Government agencies can rent real estate outside Saudi Arabia for a maximum 10 years

Government agencies can rent real estate outside Saudi Arabia for a maximum 10 years

The State Properties General Authority revealed the regulations for renting real estate by government agencies outside Saudi Arabia.
According to the regulations, the lease contract shall be for a period not exceeding five years, and it may be stipulated in the contract that it can be automatically renewed for a similar period or periods that do not exceed 10 years.

It is permissible for any government agency to rent property outside the Kingdom only when it is urgently needed, and that the rental is in accordance with the provisions of the issued regulations. There should be a necessary financial appropriation for renting the property in the government agency’s budget.

The government agency shall coordinate with the authority to ensure that there is no real estate available for the state that meets its needs and that the real estate shall be allocated for the purpose for which it was rented. The area of ​​the real estate shall be rented in accordance with the standards approved by the authority.

The regulations stipulate that the government agencies must submit to the authority a request in the prescribed form expressing their desire to rent, specifying the purpose of the rental, the type of property required, the required rental period, as well as the required location, security and technical specifications, such as the number of employees, the number of parking lots and warehouses.

The properties include temporary headquarters for the diplomatic mission or housing for heads of missions or employees. The mission can take advantage of any of the options available in the host country, offices, furnished housing units, hotel apartments or hotels, provided that the real estate is furnished and ready for use for a period not exceeding six months, and it may be extended for a similar period after submitting it to the authorized person in the government agency. This shall be within the limits of the financial appropriations approved in the budget of the government entity.

The estimated cost of renting a permanent headquarters for mission offices or attached technical offices does not exceed $300,000 annually per site, and the estimated cost of renting a permanent residence for the head of mission or staff does not exceed $50,000 per site. This is within the limits of the financial appropriations approved in the budget of the government agency. Regarding the specifications of the property to be rented, it stipulated that it will be free of structural defects and shall neither be subject to dispute, nor belong to any of the authority’s employees or the government agency wishing to rent, or to a first-degree relative.

The government agency must ensure that the contract includes a provision according to which the landlord, during the validity of the contract, shall undertake the maintenance of the basic equipment of the leased property at his own expense, and the landlord shall not be compensated or the rent increased for carrying out remedial maintenance work that limits the use of the property during the contract validity period.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
PM Modi Announces Opening Of New CBSE Office In Dubai
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Facebook and Instagram Ban Iran's Supreme Leader
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
The Saudi Kingdom's Ultimatum to Israel: A Win-Win Peace with Saudi Arabia and the Arab World, or a Lose-Lose Continued Occupation and Endless Conflict
Biden condemns anti-Arab hate after WSJ opinion piece calls Dearborn ‘jihad capital’
Turkey Releases Seven Hostages Captured by Pro-Gaza Gunman
Arab Parliament Commends Women's Contributions to Societal Development
British and Hungarian Foreign Ministers visited Lebanese leaders to stress the importance of enacting UN Resolution 1701
Yemen's Houthis Say They Targeted British Merchant Vessel In Red Sea
Donald Trump Nominated for Nobel Peace Prize for 'Historic' Middle East Policy
US lawmakers approve F-16 jet sale to Turkey following NATO expansion support
Saudi Arabia Climbs 25 Places in World Bank's National Statistics Indicator
Tourism Growth in Saudi Arabia Fuels Advancements in the Hospitality Industry," Says Rotana Official
Houthi Rebels Request Departure of UN Staff from Yemen, Including US and UK Personnel, within a Month
Modi Inaugurates Hindu Temple on Site of Demolished Mosque in India
Over 25,000 Deaths in Gaza Amid Israeli Offensive
Escalating Clashes in Gaza as Israel Distributes Leaflets to Assist in Locating Hostages
Turkey's First Astronaut Set to Launch for International Space Station Today
Head of Palestinian Investment Fund Warns More People May Die of Hunger Than War in Gaza
Palestinian Envoy Criticizes UK for Alleged 'Double Standards' in Policies Toward Israel
Morocco to Lead UN Human Rights Council in 2024
Is artificial intelligence the solution to cyber security threats?
Egypt has been identified as the leading military force among Arab nations and ranks 15th globally
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Iranian Nobel Laureate Narges Mohammadi Receives Additional Prison Sentence
"Gazans Urge Israeli Forces to Target Hamas in Leaked Audio"
Biden States US and UK Airstrikes on Houthis Were a 'Defensive Action
Large Pro-Palestine Rally in London as Gaza Conflict Hits Day 100
South Africa Urges World Court to Halt Israeli Actions in Gaza
×