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  • Compensation for Land Use for Saudi Arabian Mobile Fiber Cables

    Compensation for Land Use for Saudi Arabian Mobile Fiber Cables

    Independent Valuation and Compensation: Valuations are conducted by three accredited valuers overseen by the Saudi Public Governance Authority (SPGA). The Saudi Expropriation Law (also referred to as eminent domain) regulates the government's ability to acquire private property for projects serving the public benefit. Key principles include: Fair compensation to property owners. Transparency and legally defined procedures. It sets clear rules for expropriation, including special provisions for lands inside and outside development-protection zones. In a significant step toward enhancing transparency and governance in the real estate sector, Saudi Arabia's Cabinet has approved a new law regulating the expropriation of property for public interest. In a statement to the Saudi bourse, Tadawul, on Wednesday, STC said the Riyadh Administrative Court has cancelled the assessment committee's. Mohammed Aljadaan, Minister of Finance and Chairman of the State Properties General Authority (SPGA), expressed gratitude to King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman for approving the Law of Expropriation of Real Estate for Public Benefit and Temporary Taking of.

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