Ministry of Municipal & Rural Affairs & Housing’s spokesman Saif bin Salem Al-Suwailem
Off-plan Sales or Rent Program (Wafi) currently oversees 162 projects, said Ministry of Municipal, Rural Affairs and Housing’s spokesman Saif Al-Suwailem.
The projects include over 170,800 real estate units with a sales value of SAR 119 billion, he told Al-Eqtisadiah newspaper.
According to data compiled by Argaam, Wafi program grants licenses for off-plan sale and rental of real estate units of various types (residential, commercial, investment, office, service, industrial and tourism).
The program also issues licenses for off-plan sales of SMEs, market off-plan internal and external real estate units, display off-plan internal and external property units, sell raw land on the map and other licenses related to the activity.
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