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Tasfiah Reveals Largest Real Estate Auction In Saudi Arabia

Tasfiah Reveals Largest Real Estate Auction In Saudi Arabia

Thursday, 17 September, 2020 - 07:00

General Secretary of Saudi Estate Contributions Commission (Tasfiah) revealed that a contribution land has been sold for SAR1.937 billion in the largest real estate auction in 2020.


Badr Alshuwaier said the land, known as “Jawharat Al-Matar” - is in Dammam city near the King Fahd International Airport (KFIA) and spans around 10 million square meters.


He said Tasfiah will continue to realize successive achievements by selling a number of real estate contribution lands before the end of 2020.


Earlier, the commission revealed plans to sell contribution lands through public auctions or direct sales of total area amounting to about 20 million square meters.


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