E-rent network launched to organize Saudi real estate sector

Real estate brokers across Saudi Arabia must document a unified rent contract in the e-ejar network. (SPA)
Updated 13 February 2018

E-rent network launched to organize Saudi real estate sector

RIYADH: An electronic rent project has been launched to facilitate electronic payments and minimize disputes, the Saudi Press Agency reported.
According to the project, launched jointly by the ministries of housing and justice, real estate brokers across the Kingdom must document a unified rent contract in the e-ejar network as an approved contract and an executive document.
The launch of the network represents plans to facilitate a rent process between tenants, landlords and real estate brokers that will minimize disputes and find a quick solution to such conflicts, Housing Minister Majid Al-Hogail said.
He said all parties of the rent contract across the Kingdom can use the network’s electronic services at the nearest approved real estate brokerage office. Research for brokers can be accessed through the “real estate brokers” application.
Minister of Justice Waleed Al-Samaani said the unified rent contract will have a positive impact on the judicial sector as it will greatly minimize the flow of cases related to the rent sector.
He said the contract is meant to streamline relations and responsibility limits between the contractual parties through its authentication via the electronic network.
The new initiative is being worked out in cooperation with other government agencies including the ministries of interior and communications.
Minister of Communication and Information Technology Abdullah Al-Suwaha praised the partnership between different government parties for launching the electronic rent program.
He referred to the automation of procedures for more than 2.5 million housing units through the exchange of government information to provide rent services accurately, quickly and safely.


Ivanka Trump applauds Saudi Arabia’s reforms advancing economic role for women

Updated 17 January 2020

Ivanka Trump applauds Saudi Arabia’s reforms advancing economic role for women

  • Saudi women in business have lauded the Vision 2030 strategy for being the key driver in helping them to realize their ambitions

The United States President’s daughter and advisor, Ivanka Trump, praised on Friday Arab states for the progress they have made in their reforms highlighted in a World Bank Report.

“Great seeing some big progress in countries with the most improved scores this year in the World Bank WBL (Women, Business and the Law) report,” she said, referring to several countries mentioned in the report, including Saudi Arabia, the United Arab Emirates, Bahrain, Jordan and Tunisia.

 

The World Bank’s annual “Women, Business, and the Law” report ranked Saudi Arabia top among 190 countries for its progress in bringing about reforms related to female involvement in economic development and entrepreneurship.  

According to the World Bank’s figures for 2020, Saudi Arabia scored 70.6 out of 100 for progress achieved in the integration of women into the labor market. The report’s findings also placed the country first among Gulf states, and second in the Arab world for meeting the criteria.

Saudi women in business have lauded the Vision 2030 strategy for being the key driver in helping them to realize their ambitions.