MCI Launches New Online Service to Apply for Selling License of Real Estate Units, on the Map,

30 Apr 2013
MCI Agency to sell real estate units, Launched Online Applying for License to Sell Real Estate Units, on the Map, for developers, in coincidence with Riyadh Real Estate, Housing and Real Development Exhibit, taking place, nowadays, in Riyadh.
Developers interested in the new online service, are invited to log in:
In a press remarks, Advisor to the Minister of Commerce, for Real Estate Development, who is also the Secretary General of the Selling on the Map Committee Abdullah bin Saud Al-Duhaim, says that MCI is currently working on licensing for developers' projects.
Committee has already granted licenses for 25 developers to sell more than 18 thousand units on the map, across the Kingdom, worth about SR 19 billion.
Safeguards are to be applied, in this regard, in the light of the Cabinet resolution covering all real estate activities kinds and sorts and amended by a recent resolution stipulating acquiring of a license for MCI real estate committee, prior to practice the business of selling, announcing or marketing of real estate units, in order to promote public confidence in the real estate market, stimulate it, providing venues and channels to finance such projects, in addition to reserve all pertinent parties' rights, according to Al-Duhaim.  
Last Modified 26 Dec 2018