Ministry of Commerce and Industry, represented by off-plan sales program, participates at Asharqia Expo and Forum Events for Real Estate, Housing and Urban Development (Asharqia Restatex 2015), which is opened today at Dhahran International Exhibition Centre, under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, during 13-16 / 1/1437 AH, corresponding to 26-29 / 10/2015 AD, organized by the Chamber of Commerce and Industry in the Eastern Region.
MCI will display the real estate projects under its supervision in various regions of the Kingdom, which exceeded 26 thousand real estate units , valued at about 27 billion riyals, in addition to the services offered by the program (off-plan sales license, off-plan land sales license, off-plan foreign real estate marketing license inside the Kingdom, license of displaying foreign real estate in the exhibitions inside the Kingdom).
MCI zone will enable the visitors and real estate developers of getting an idea about the requirements for obtaining off-plan sales license.
Off-plan sales program is considered one of the means to obtain the property at a lower cost, as well as it allows the real estate developer of getting direct financing through the buyers payments.
It is worth mentioning that the number of real estate units licensed by the said program since the start of the current year 2015 AD, reached (10479) units, valued at more than 11 billion riyals.