The Council of Ministers,
after perusal of its session held under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, the Royal Court File 52562 dated 2 Sha’ban 1444 [23 February 2023], which includes the Real Estate General Authority Letter 240236 dated 4 Dhu Al-Hijja 1440 [6 August 2019], regarding the draft real estate contributions law,
after perusal of the aforementioned draft law,
after perusal of the Bureau of Experts at the Council of Ministers Minutes 135 dated 15 Rabi Al-Awwal 1442 [1 November 2020], 356 dated 5 Sha’ban 1443 [9 March 2022], and 85 dated 8 Rabi Al-Awwal 1444 [4 October 2022], and Memorandums 1366 dated 16 Sha’ban 1442 [30 March 2021], 756 dated 2 Rabi Al-Thani 1443 [8 November 2021], 1625 dated 27 Jumada Al-Awwal 1444 [21 December 2022], and 2559 dated 23 Sha’ban 1444 [16 March 2023],
after considering Shura Council Decisions 305/45 dated 28 Dhu Al-Qa’dah 1443 [28 June 2022] and 152/21 dated 29 Rajab 1444 [20 February 2023],
after perusal of Council of Economic and Development Affairs Recommendation 1-44/10/R dated 21 Shawwal 1444 [12 May 2023],
and after perusal of the General Committee of the Council of Ministers Recommendation 12143 dated 24 Dhu Al-Qa’dah 1444 [13 June 2023]
hereby decides
First
The Real Estate Contributions Law is hereby approved in the form attached.
A draft royal decree has been prepared in the form attached.
Salman bin Abdulaziz Al-Saud
Issued on: 23/12/1444
Corresponding to: 11/7/2023
Published in Umm Al-Qura 4990 issued on 21 July 2023.