Saudi MOCI monitors SAR 14.7 bln off-plan units in Jeddah

09/06/2015 Argaam

Saudi Arabia’s Ministry of Commerce and Industry (MOCI) has said it is currently checking the development of several off-plan realty projects in Jeddah, valued at over SAR 14.7 billion.

 

Some of these major projects include Emaar Jeddah Gate, Emaar Square, Golden Tower Jeddah, and Lamar Towers.

 

MOCI’s field visits are aimed at following up the projects’ accomplishment rate, work developments, in addition to discussing chartered audit reports.

 

The ministry is monitoring the development of around 18,000 realty units all over the kingdom, at a total value exceeding SAR 20 billion.

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